(AP Photo)

Indiana Sets Record Betting Revenue in January

Indiana achieved a record-breaking betting revenue of $53.5 million in January, surpassing the previous record of $50.6 million set in December. The total sports bets placed amounted to $480.3 million, marking a 4.5% decrease from the previous month when bettors wagered $503.1 million.

Ameristar Casino, along with its DraftKings sportsbook, emerged as the revenue leader, generating $181.4 million, contributing to a total annual revenue of $18.7 million. In comparison, competitor bookmaker FanDuel garnered $23.3 million in revenue, even though bettors utilized the operator's services less.

Indiana currently does not have legalized online gambling, but the state Gaming Commission is contemplating its potential authorization. Economists estimate that the sector could generate revenue ranging from $1.9 billion to $2.1 billion over the first three years if approved.

14 February 2024, 19:40

Finance USA Betting

Finance

Other news

Gambling adverts during football matches triple in UK

29 September 2024, 16:17

Merkur Group founder to step down as chairman after 67 years at the helm

29 September 2024, 09:22

Dutch players demand bookmakers refund their money

28 September 2024, 15:14

Flutter Enters Top 3 Largest Bookmakers in Brazil

28 September 2024, 10:08