State of Indiana Gains $883,000 of Sports Gambling Tax Revenue in November

Football season is treating the State of Indiana coffers well.

Here’s the new update of sports gambling revenue for November.

Bettors wagered $147.3 million on professional and college sports in November, generating $883,361 in tax revenue for the state, according to data released Tuesday by the Indiana Gaming Commission.

That was a 61% increase compared to the $91.7 million in sports bets placed in October, and a whopping 327% more than the $34.5 million wagered in September.

On an annual basis, the amount of money bet on sports in Indiana in November equates to $1.8 billion in sports wagers over the course of a year.

Info courtesy of NWI.com

Published by Hoosier Econ

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

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