Indiana Sports Betting Revenue Insights August 2025

Revenue Insights

Sports Betting in Indiana

Indiana launched legal sports betting in September 2019, quickly establishing itself as one of the Midwest’s most active markets. The state benefits from a competitive landscape with multiple online operators and strong participation from retail sportsbooks located in casinos and racinos. Football and basketball seasons traditionally drive the highest wagering volumes, while March Madness provides a significant annual boost due to the state’s deep basketball culture. The tax rate of 9.5% on adjusted gross revenue has generated substantial funding for the state, supporting both general and dedicated public initiatives. Despite seasonal fluctuations, Indiana’s hold percentage has remained relatively stable, and operators continue to see strong engagement from bettors across the state.

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Annual Sports Betting Growth in Indiana

Data is pulled directly from the Indiana Gaming Commission Annual Reports

Source:

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Monthly Sports Betting Growth in Indiana

Taxes

Data is pulled directly from the Indiana Gaming Commission Monthly Reports

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Indiana Sports Betting revenue Performance

Indiana’s betting market has shown consistent expansion since its 2019 launch, supported by a balanced mix of retail and online betting options. Below are the full historical and year-to-date figures.

Indiana Sports Betting Revenue (2019–2024)

Handle ($)	Gross Gaming Revenue ($)	Hold %	Tax Revenue ($)
435,996,520.00	41,576,946.00	0.1244	3,931,772.00
1,769,270,606.00	136,395,416.00	0.0757	13,165,417.00
3,829,411,987.00	308,304,353.00	0.0815	29,089,084.00
4,467,882,215.00	386,888,311.00	0.0882	36,797,945.00
4,337,817,508.00	404,363,766.00	0.0950	38,417,065.00
5,212,332,663.00	484,278,307.53	0.0948	46,245,605.00

Indiana Sports Betting Revenue (Jan–Jun 2025)

Handle ($)	Gross Gaming Revenue ($)	Hold %	Tax Revenue ($)
538,705,451.00	55,066,011.00	0.1022	5,231,271.00
432,889,381.00	47,745,086.00	0.1103	4,535,784.00
553,578,453.00	35,789,455.00	0.0647	3,399,998.00
437,099,849.00	40,165,026.00	0.0919	3,815,678.00
433,271,496.00	43,777,883.00	0.1010	4,158,899.00
351,462,412.00	45,341,194.00	0.1290	4,307,414.00

Latest Updates in Indiana Sports Wagering

May 28, 2025 – Indiana announces that hundreds of sports-betting-related companies will not need licensing starting July 1. (Louisville Public Media)
May 2019: Indiana enacted a state gambling law, HB 1015, which established a comprehensive framework for online sports betting and land-based gambling in Indiana, creating a solid legal and administrative foundation for sports wagering. (LegiScan, 2019)
September 2019: First retail sportsbooks open.
October 2019: Online sports betting officially begins.
December 31, 2020: Indiana completes its first year with a sports betting handle exceeding $1 billion.
December 31, 2023: Indiana demonstrates remarkable growth with its first year with over $4 billion in bets.
July 10, 2024: The state gambling industry is rocked by scandal as state Rep. Sean Eberhart is sentenced to 12 months and a day in federal prison in a casino corruption case. (IndyStar, 2024)

Indiana Snapshot

Key Aspect	Details
Population	Approximately 6.9 million residents as of 2024. (World Population Review, 2024)
Political Affiliation	Heavily Republican, the state has a Republican trifecta, controlling the governorship and both legislative chambers. (270towin.com 2024)
Year Sports Betting Legalized	Legalized on May 13, 2019. Retail sports betting has been active since September 2019, with online and mobile betting apps becoming available in October 2019. (American Gaming Association, 2024)
Number of Sportsbooks Operating	11 licensed operators, including market leaders like DraftKings, BetRivers, Hard Rock Bet, BetMGM, FanDuel, and Caesars, and 15 retail sportsbooks.
GGR 2025 (Jan-Jun)	$227,884,655
Handle 2025 (Jan-Jun)	$2,747,007,042
Professional Sports Teams	Indiana has two major professional teams, both based in Indianapolis. The state's NBA team is the Indiana Pacers, and its NFL franchise is the Indianapolis Colts.

FAQs

General Information

When was sports betting permitted in Indiana?

Sports betting was permitted beginning on September 1, 2019.

How many sportsbooks operate in Indiana?

There are 12 online sportsbooks operating in the state: Caesars, BallyBet, FanDuel, BetMGM, DraftKings, bet365, ESPN Bet, Betway, Fanatics Sportsbook, BetRivers, Hard Rock Sportsbook, and SBK Sportsbook. There are also 15 retail sportsbooks in the Hoosier State.

Market Data

What was Indiana’s total sports wagering handle in 2023?

According to Indiana Gaming Commission reports, the state reported a wagering handle of $$4,337,817,508.00 in 2023.

How much revenue was generated in 2023?

Indiana's gross gaming revenues in 2023 reached $404,363,766.00, and more than $38 million in taxes were collected.

Trends and Insights

What are the most popular sports for wagering?

Football leads in wagering, with NFL and college games being the most bet-on events.

What is covered on this page?

This page provides a breakdown of Indiana's sports betting market, including handle, revenues, and operator updates, all backed by official reports. (Indiana Gaming Commission, 2024)

Sol Fayerman-Hansen

Editor-in-Chief

Sol Fayerman-Hansen is Editor-in-Chief at RG.org with 20+ years of experience in sports journalism, gambling regulation, and tech. His work has appeared in Forbes, ESPN, and NFL.com, covering U.S. and Canadian gambling laws, major sports events, and wagering trends. Since 2023, Sol has led RG.org’s global editorial efforts, focusing on transparency, data accuracy, and regulatory insight. He works closely with researchers and legal experts to uphold E-E-A-T and Trust Project standards.📍 Israel/Canada 🌐 English, Hebrew 🎯 Gambling law, responsible gaming, tech in betting

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