The American Gaming Association predicted that $3.1 billion will be wagered on this year’s tournament, a figure that includes legal bets as well as those placed with illegal bookies or offshore web sites.
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
Sporttrade Inc. offers users a betting exchange through which they can trade sports bets as if they were stocks.
The American Gaming Association forecasts that over $7.6 billion will be wagered on pro football’s championship game set for Sunday.
The Indiana Gaming Commission said the state’s online and retail sports wagering operations could accept bets on alpine skiing, bobsled, cross-country skiing, curling, ice hockey, short-track speed skating and speed skating.
Based on data from the Indiana Gaming Commission, sports bettors placed more than $460 million in wagers in December, up from the November handle of $463.7 million.
Sports betting analysts say interest in football, particularly the Indianapolis Colts, Indiana University and Notre Dame, is fueling wagers.
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.