Sports activities betting in Indiana rebounded in March with help from the NCAA males’s basketball match Nationwide Information
Data released Monday by the Indiana Gaming Commission shows that $ 316.7 million was wagered on sporting events in March at Indiana casinos and through mobile sports betting applications, primarily basketball.
That was shy of the $ 348.2 million monthly sports betting record set in January, but still good enough to be considered the second highest monthly handle since the first legal sports bet was made in Indiana in September 2019.
“It’s hard to know how hard it moved the needle, but the March results were clearly driven by a large number of NCAA tournament games in one place and a number of fans who traveled to Indiana and then legally bet when they took part in the games. We may never see a betting event like this again, ”said Jessica Welman, senior analyst at PlayIndiana.com
As usual, mobile sports betting applications associated with Ameristar Casino in East Chicago (DraftKings) and Blue Chip Casino in Michigan City (FanDuel) led everyone else in Indiana, accounting for 64% of nationwide revenue.
Ameristars Barstool sports book wrote the most personal sports betting in northwest Indiana, followed by Horseshoe Casino in Hammond and Blue Chip. Hollywood Casino in Lawrenceburg was the nation’s leader in retail sports betting.
Overall, sports betting generated $ 2.5 million in tax revenue for the state last month, according to the Gambling Commission.
The data shows that March was the highest casino win of the year to date, with $ 209 million in revenue after casinos paid the winners on slot machines and table games.
Warmer weather and government stimulus payments likely contributed to Indiana casino earnings surpassing $ 135.5 million in February and $ 167.5 million in January.
The March result was also more than double the casino’s March 2020 profit of $ 98 million. Although it’s difficult to directly compare the year as Indiana casinos closed for half a month last year due to the COVID-19 pandemic.
The casino market in northwest Indiana is facing a similar – albeit significantly less disruptive – change in the coming weeks.
For the first time in 25 years there will be no legal gambling in Gary after Sunday when the Majestic Star Casino in Buffington Harbor on Lake Michigan closes for good.
Majestic Star staff and some gaming equipment will be moved to the new Hard Rock Casino in Northern Indiana over the next few weeks, opening May 14 at 5 p.m. next to the Borman Expressway on Burr Street.
The $ 300 million Hard Rock will be the first land-based casino in northwest Indiana.