Pandemic Causes Indiana Gambling Revenue To Take Big Hit

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Indiana casino gambling, sports wagering revenue nearly back to normal despite COVID-19 restrictions Dan Carden Aug 10, 2020 The money shelled out on sports bets in Indiana during the state's first four months of legal gambling was more than the advertising revenue raked in for the Super Bowl. Find Indiana tax forms. Know when I will receive my tax refund. File my taxes as an Indiana resident while I am in the military, but my spouse is not an Indiana resident. Take the renter's deduction. Pay my tax bill in installments. Claim a gambling loss on my Indiana return. Have more time to file my taxes and I think I will owe the Department. In December 2020, Indiana generated a total of 24.31 million U.S. dollars in revenue from sports betting, down from the previous month's total of 25.33 million U.S. dollars. It’s no secret that gambling revenue has nosedived across the globe during the COVID-19 pandemic. In fact, it’s been one of the hardest-hit sectors, rivaling the automotive and travel industries, according to analysts at H2 Gambling Capital.. However, according to new data from H2, while the retail sector has been hard hit, online gambling revenues have been relatively unscathed. Each month, the Indiana Gaming Commission (IGC) releases a thorough revenue report detailing slot machine numbers and revenue and table games numbers and revenue. As of October 2019, this report also includes sports betting. Each licensed sportsbook reports the following numbers: Handle (The total amount of bets accepted); Revenue (The sportsbooks’ earnings or the total amount remaining Become a supplier to an Indiana gambling operation. Coming soon! Close Menu Main Content Article Breadcrumbs. IGC; Publications; Current: Monthly Revenue. Monthly Revenue Report - February 2020 or XLSX Version Corrections; Revenue Report - January 2020 or XLSX Version Corrections; 2021 Monthly Revenue Posting Dates. Play Indiana “300 million in handle was certainly a possibility,” Welman said to Inside Indiana Business. “To end up with just one-fourth of that because of all these closures was expected but certainly disheartening.” Sports gambling was made legal in Indiana in September 2019. Revenue from table games in Indiana slid at the most notable annual rate of 7.31% in 2011. In 2014 6 casinos posted a drop in their annual table revenue, while 5 establishments posted revenue growth. During the year revenue from table games went down at the fastest rate at Majestic Star II, or 43.65%, while the most significant growth rate was observed at Ameristar (the whopping 109.06%). Since then, gambling establishments in Indiana have likely been overjoyed by the response. In fact, even with these restrictions, revenue at Indiana casinos is a comparably negligible amount compared to the losses currently being faced at other regions and other casinos. For July 2020, the gross gaming revenue in Indiana equalled $175.8 million.

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