Sports betting analysts say interest in football, particularly the Indianapolis Colts, Indiana University and Notre Dame, is fueling wagers.
With casinos closed, gambling revenue declines drastically in Indiana
Indiana took a major hit in expected gambling revenue during March, not only because of closed casinos, but because the cancellation of major sports events severely limited sports betting.Read More
Regional divide opens up in sports betting legislation
By year's end, legalization is possible in a dozen states in the Northeast and Midwest. But most states in the Deep South and far West are staying on the sidelines, at least for now.Read More
According to a revenue report released Friday by the Indiana Gaming Commission, the sports betting handle more than doubled from July to August to reach its highest mark since February, before the pandemic hit the state.
The $91.7 million that Indiana sportsbooks accepted last month is almost triple the amount wagered in September when sports betting became legal.
PlayUSA.com Network, a news and research organization that follows sports gambling and operates PlayNJ.com and PlayIndiana.com, called the first-month data “impressive.”
Indiana will become the 12th state—and the first in the midst of major Midwest markets—with sports betting when a new state law takes effect Sunday.
Indiana casinos are racing ahead with preparations to launch legalized sports betting in early September, looking to seize an advantage over competitors in Chicago and other nearby large markets where such wagers aren’t yet allowed.
At the Winner’s Circle in downtown Indianapolis, Caesars will add extra bar seating and televisions. It also is adding an activity area with cornhole boards and shuffleboard to create more of a sports-bar-like atmosphere.