Indiana Broke New Profitability Record

15 february 2022
Author: James Burton
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Land-based sportsbooks received $ 498.4 million in revenue in January 2022, according to the state’s gaming commission. This is a new record in Indiana.

Indiana broke new betting profitability record

In November 2021, the owners of betting projects managed to generate a huge amount — $ 463.7 million. However, the January indicators exceed it by 7.6%.

The most lucrative sports are as follows:

  • basketball — $ 192.4 million;
  • football — $ 118.3 million.

Multiple bets have become the most popular wagering format. Bookmakers' customers spent $ 122.6 million on this type of betting in January.

Operators' net profit totalled $ 35.6 million. This result exceeds the figure achieved in January 2021 by 21.5%. However, it is lower than the income of gambling companies received in November.

The Most Successful Operators in the State’s Market

Get acquainted with the most demanded gambling projects and operators:

  • Blue Chip (FanDuel) — $ 12.2 million in profits and $ 127.2 million in revenue;
  • Ameristar Casino (DraftKings) — $ 11.2 million and $ 168.9 million;
  • Belterra (FanDuel) — $ 5 million in profits and $ 55.5 million in revenue;
  • Barstool (Hollywood Lawrenceburg) — $ 1.9 million and $ 48.1 million.

Tax revenues to the treasury also increased. In January 2022, the state managed to receive $ 3.4 million. By comparison, in January 2021, tax revenue was $ 2.8 million.

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