{"id":205125,"date":"2022-03-13T16:48:07","date_gmt":"2022-03-13T23:48:07","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=205125"},"modified":"2022-03-13T18:20:21","modified_gmt":"2022-03-14T01:20:21","slug":"indianas-february-sports-betting-handle-casino-revenues-up-big-from-21","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/indianas-february-sports-betting-handle-casino-revenues-up-big-from-21\/","title":{"rendered":"Indiana’s February Sports Betting Handle, Casino Revenues Up Big from ’21"},"content":{"rendered":"

Indiana saw more sports betting activity in February than it did a year ago, but the sportsbooks didn\u2019t see much of a difference.<\/p>\n

\"Indiana\"<\/a>
A Welcome to Indiana sign at the Michigan state line. The state’s sportsbooks reported a $400 million handle for February, a nearly 50 percent increase from last year. (Image: Google Maps)<\/figcaption><\/figure>\n

The state\u2019s licensed sportsbooks reported a collective handle for $409.1 million for the month, according to figures released by the Indiana Gaming Commission on Friday. That\u2019s down more than $90 million from the record-setting January numbe<\/a>r. But it\u2019s also nearly 50 percent better than the $273.9 million the state reported for February 2021.<\/p>\n

There was increased interest in football betting last month, likely fueled by interest in the Cincinnati Bengals making the Super Bowl. Football bets accounted for $30 million of last month\u2019s handle, up from $18.8 million a year ago.<\/p>\n

But Indiana is a basketball state. Not only do Hoosiers love to watch and play, they also love to bet on it. The sportsbooks reported $201.9 million in college and pro hoops bets last month, up from $127.2 million last year.<\/p>\n

With the Indiana Hoosiers making their first appearance in the NCAA Tournament since 2016 and their in-state rivals Purdue considered a title contender, bettors once again could break the all-time handle mark.<\/p>\n

Handle Way Up, Revenue Not So Much<\/h2>\n

While the sportsbooks\u2019 handle went up drastically from a year ago, the adjusted gross revenue (AGR) essentially remained the same. The books reported $17 million in AGR, less than $2,500 more than what they reported in February 2021. That led to the state collecting $1.6 million in taxes.<\/p>\n

Part of the sports betting revenues being flat may be tied to the Bengals. Not only did the team that borders Indiana make the Super Bowl<\/a>, but it also covered the spread against the Los Angeles Rams. In addition, NFL futures bets paid out in February likely accounted for lower revenues.<\/p>\n

DraftKings once again posted the highest handle of any operator, with the mobile giant reporting $121.5 million in wagers and $7.3 million in AGR. FanDuel took $107.7 million in bets and reported $4.9 million in AGR. But the Blue Chip Casino, its casino partner, reported a downward adjustment of $4.5 million.<\/p>\n

Caesars, with its online and retail presence, had a combined handle of $56.4 million and revenues of $2.7 million. BetMGM reported a handle of $52.4 million and an AGR of $3.9 million.<\/p>\n

Indiana Casinos Enjoy Strong February<\/h2>\n

On the casino side, the state\u2019s 12 licensed venues reported a combined taxable AGR of $187.2 million. That\u2019s up more than $13 million from January and nearly $60 million from February 2021.<\/p>\n

Hard Rock Northern Indiana once again was the top-grossing casino. The Gary casino that opened in May 2021 reported adjusted revenues of $30.3 million. Nearby Horseshoe Hammond posted the second-highest total at $27 million.<\/p>\n

Horseshoe Indianapolis, formerly the Indiana Grand, was third with an AGR of $23.3 million. The top southern casino was Caesars Southern Indiana, as the EBCI Holdings operation grossed $18.7 million.<\/p>\n

Overall, Indiana\u2019s casinos generated $55.4 million in gaming taxes for the state. Combined with the sports betting taxes and the $4.1 million in supplemental taxes all casinos except for the racinos and French Lick pay, the state received $61.1 million in February. That marked a nearly $4 million increase from January and a more than $21 million jump from February 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Indiana saw more sports betting activity in February than it did a year ago, but the sportsbooks didn\u2019t see much of a difference. The state\u2019s licensed sportsbooks reported a collective handle for $409.1 million for the month, according to figures released by the Indiana Gaming Commission on Friday. That\u2019s down more than $90 million from […]<\/p>\n","protected":false},"author":45,"featured_media":205127,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,1074],"tags":[],"acf":[],"yoast_head":"\nIndiana's February Sports Betting Handle, Casino AGR Up Big from 2021<\/title>\n<meta name=\"description\" content=\"The Bengals making the Super Bowl helped drive traffic to Indiana's sportsbooks, but basketball also enjoyed a big increase as well.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indiana's February Sports Betting Handle, Casino AGR Up Big from 2021\" \/>\n<meta property=\"og:description\" content=\"The Bengals making the Super Bowl helped drive traffic to Indiana's sportsbooks, but basketball also enjoyed a big increase as well.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/indianas-february-sports-betting-handle-casino-revenues-up-big-from-21\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-13T23:48:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-14T01:20:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/Screen-Shot-2022-03-13-at-7.35.57-PM-1024x605.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"605\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Steve Bittenbender\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Bittenbender\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/indianas-february-sports-betting-handle-casino-revenues-up-big-from-21\/\",\"url\":\"https:\/\/www.casino.org\/news\/indianas-february-sports-betting-handle-casino-revenues-up-big-from-21\/\",\"name\":\"Indiana's February Sports Betting Handle, Casino AGR Up Big from 2021\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/indianas-february-sports-betting-handle-casino-revenues-up-big-from-21\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/indianas-february-sports-betting-handle-casino-revenues-up-big-from-21\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/Screen-Shot-2022-03-13-at-7.35.57-PM.png\",\"datePublished\":\"2022-03-13T23:48:07+00:00\",\"dateModified\":\"2022-03-14T01:20:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/eb30e765d812fc9b38b333f8d13068b2\"},\"description\":\"The Bengals making the Super Bowl helped drive traffic to Indiana's sportsbooks, but basketball also enjoyed a big increase as well.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/indianas-february-sports-betting-handle-casino-revenues-up-big-from-21\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/indianas-february-sports-betting-handle-casino-revenues-up-big-from-21\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/indianas-february-sports-betting-handle-casino-revenues-up-big-from-21\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/Screen-Shot-2022-03-13-at-7.35.57-PM.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/Screen-Shot-2022-03-13-at-7.35.57-PM.png\",\"width\":2200,\"height\":1300,\"caption\":\"A Welcome to Indiana sign at the Michigan state line. 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