Indiana Online Sports Betting Revenue
Indiana Online Sports Betting Revenue. Dollars in tax revenue from sports betting, down from the previous month's total of approximately 3.22 million u.s. The top portion of this page deals with sports betting;
The indiana gaming commission has reported sports betting handle of $498.4m (£368.9m/€440.5m) across the state in january 2022, setting a new record. The tax rate on operators is set at 9.5% of gross sports wagering revenue; The indiana sports betting industry generated $3.83 billion in sports wagering handle in 2021, comparable to the larger state of michigan.
Indiana sports betting revenue totaled over $8 million in the first month, setting the stage for even larger returns when online sportsbooks are included.
In viewership and betting dollars, no other sport outstrips the gridiron game. The annual license fee for an operator is $50,000. In october 2021, indiana generated approximately 2.63 million u.s.
68% share of market accounted for by mobile sports betting in year 5.
Here’s a look at nevada sports betting handle and revenue since june 2018, the month that the first sportsbooks opened in other states. A new study commissioned by several trade organizations shows that the state of indiana could generate $500 million in gross revenue and more than $100 million in tax revenue per year by legalizing igaming. Most popular sports to bet in indiana.
For most bettors, the 100% deposit match up to $250 at betrivers indiana is better.
Dollars in revenue from sports betting, down from the previous month's total of 33.88 million u.s. By the numbers $256 mm total amount of annual revenue generated by regulated sports betting in indiana by year 5, per our forecast. January’s total eclipses the previous record of $463.7m set in november 2021, in addition to representing a 43.5% increase on the same month in 2021.
Indiana sports betting report 2 regulated sports betting in indiana:
Basketball led the charge for gambling in indiana. Sportsbook revenue for january totaled $35 million , of which $3.4 million was paid to the state in accordance with indiana’s 9.5% sports wagering tax, according to the report. Betting on amateur sports (involving players 18 or under) and esports are banned;
The tax rate on operators is set at 9.5% of gross sports wagering revenue;
The rest of the handle, $40.8 million, was bet at retail sportsbooks. Hollywood lawrenceburg took more than $12.7 million in bets, which likely places it in the top echelon of all retail sportsbooks in the us. The indiana gaming commission has reported sports betting handle of $498.4m (£368.9m/€440.5m) across the state in january 2022, setting a new record.
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