State of Indiana Gains $1.1 Million of Sports Gambling Tax Revenue in October

Football is king and gamblers fed the coffers of Indiana government in the month of October.

Here gambling revenue info courtesy of Indianapolis Star:

The state accepted nearly $91.7 million in mobile and retail wagers in October, according to numbers from the commission. More than half of that money was wagered via one of the three mobile sports books that have launched in the state.

People in Indiana bet more than $41 million on football in October, far more than any other individual sport, data shows. Parlay bets, which are bets on multiple sports or events, commanded more than $20 million in wagers.

Mobile and retail bets in October yielded more than $11.5 million in adjusted gross revenue for the sports books, according to the commission’s data. October also saw the state bring in nearly $1.1 million in tax revenue.

 

Published by Hoosier Econ

Located out of Central Indiana. Blogger of economics, politics and societal trends.

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