Gambling in the USA
INDIANA SPORTSBOOKS MAKE MOST OF FEBRUARY WITH $187 MILLION IN BETS Super Bowl and basketball drive state handle to new monthly record, according to PlayIndiana analysts
The Super Bowl helped Indiana’s retail and online sportsbooks post a February that landed another monthly record. And with March Madness ahead and new online casinos launching, Indiana is positioned to weather the launch of retail sports betting in Michigan and Indiana, according to analysts from PlayIndiana.com.
“Indiana’s market continues to mature, including the launch of more online sportsbooks, even as the football season ends,” said Dustin Gouker, lead analyst for PlayIndiana.com. “The state has a near-perfect storm of success, and will continue to be among the shining stars in legal sports betting even as neighboring states move to legalize sports betting.”
Indiana’s February handle hit $187.2 million, up 9.6% from a then-record $170.8 million handle generated in January, according to official reporting released Tuesday. February produced $11.1 million in adjusted gross revenue, down 15.9% from $12.9 million, yielding $1.1 million in state taxes.
Bettors placed $11.6 million in bets on football, almost entirely on the Super Bowl. And basketball continues to be a significant draw, generating $90.2 million in February wagers. Even Oscars betting appeared to be a hit, accounting for a significant portion of the $39.7 million wagered on the state’s “other” events.
“The Super Bowl was the single most significant event in February, but Indiana has done exceptionally well with basketball,” said Jessica Welman, analyst for PlayIndiana.com. “That balance is helping Indiana avoid a post-football slump, which is common in jurisdictions such as Nevada.”
Indiana’s market advantages, most notably its ability to attract out-of-state bettors, have continued to hold, too. None of Indiana’s neighbors have launched legal sports betting yet, and because Indiana does not require in-person registration for mobile users, the Hoosier State can easily capitalize by allowing out-of-state bettors to simply cross the state line to make a bet.
Indiana will remain a friendly neighbor for sports bettors for the foreseeable future. Illinois and Michigan have legalized sports betting, with both launching retail betting this week. That will have some impact, but it should be blunted without an online component yet in either state. And progress toward legalizing sports betting is uncertain in both Kentucky and Ohio.
“Indiana’s relationship with out-of-state bettors takes many forms, ranging from those who cross the border to make bets at nearby land-based sportsbooks to those who hop over the state border in cars and place bets by phone,” Welman said. “Indiana’s sportsbooks have been aggressive in attracting that business, of course. It won’t last forever, but Indiana should enjoy the advantage while it’s there.”
Online sportsbooks generated $145.9 million in bets in February, or 77.9% of the state’s handle. And more sportsbooks came online with the Feb. 25 launch of BetMGM, which operates under the Belterra Casino license. PointsBet/Hollywood Lawrenceburg launched on March 5, and BetIndiana/Hard Rock is expected to launch this month, too.
In February, DraftKings/Ameristar Casino remained the online market leader with $74.1 million in bets, up from $66 million in January. That generated $5.7 million in gross receipts, up from $4.6 million. But FanDuel/Blue Chip Casino continued to gain ground on its rival, tallying a $63.8 million handle in February, up from $49.5 million. That resulted in a $2.7 million win, up from $1.9 million.
The market leaders were followed by:
- BetRivers/French Lick Resort ($7.7 million handle, down from $7.8 million; $348,869 win, down from $590,178)
- BetAmerica/Rising Star Casino ($212,953 handle, up from $89,622; -$6,169 win, down from $1,854)
- BetMGM/Belterra ($70,061 handle; $13,175 win)
Market proximity continues to dictate Indiana’s retail market. Horseshoe Hammond, near Chicago, has consistently led the retail market. In February, Horseshoe Hammond posted a $12.4 million handle, down from $13.7 million in January. That generated $52,445 in gross receipts, down from $1.8 million. Horseshoe Hammond was followed by:
- Hollywood Lawrenceburg ($6.8 million handle, down from $7.8 million; $308,577 win, down from $578,993)
- Ameristar Casino ($5.9 million handle, down from $7 million; $345,660 win, down from $1.4 million)
- Indiana Grand ($4.7 million handle, down from $5 million; $516,760 win, up from $365,318)
- Harrah’s Hoosier Park ($4.5 million handle, down from $5.4 million; $301,764 win, down from $321,785)
- Caesars Southern Indiana ($2.2 million handle, down from $2.4 million; $16,774 win, down from $143,966)
- Blue Chip Casino ($2.1 million handle, down from $2.7 million; $3,008 win, down from $279,868)
- Tropicana Evansville ($1.6 million handle, down from $2 million; $31,513 win, down from $210,974)
- Belterra Casino ($864,230 handle, down from $934,724; $46,173 win, up from $8,077)
- French Lick Resort ($387,656 handle, down from $533,634; $27,015 win, down from $14,132)
- Rising Star Casino ($123,393 handle, down from $213,552; $11,723 win, up from -$40,497)
“The successful partnership between DraftKings and Ameristar Casino in East Chicago, which generates the largest combined online and retail handle, crystalizes Indiana’s market advantages,” Welman said. “The DraftKings app was first to the market, and its ease of use has kept it on top. Meanwhile, Ameristar continues to draw heavily from the Chicago market.”
For more revenue information on Indiana sportsbooks, visit PlayIndiana.com/revenue.
Angela Bernhard Thomas
CAPCOM’S STREET FIGHTERTM 6 GOING TO COLLEGE THIS FALL
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Clark County
Clark County residents can bring a friend for free to next week’s Super Bingo $160,000 tournament at the Plaza Hotel & Casino, May 6-8
Home to downtown Las Vegas’ only bingo room, the Plaza Hotel & Casino is offering Clark County, Nevada residents who register to play in next week’s Super Bingo tournament the opportunity to bring a friend for free.
Happening Monday, May 6 through Wednesday, May 8 in the Plaza’s expansive ballroom, Super Bingo is expected to draw nearly 1,000 people from the local Las Vegas valley and across the country and Canada for the opportunity to win big playing fun-filled games of bingo over two days, with a $50,000 super coverall both days while socializing with like-minded bingo players.
Bingo-only registration is $160 per person, and Clark County residents who register can bring a friend for free. Registration is available online at https://www.plazahotelcasino.com/bingo/super-bingo-registration/. Hotel-and-bingo packages start at $300 for a four-night stay with no resort fee.
All Super Bingo players receive one 6-on paper pack for both days, two daubers, free drinks via an open bar at all sessions, boxed lunch both days, and $10 in free slot play after the first day’s session.
The Plaza’s Bingo room offers six daily bingo sessions at 11 a.m., 1 p.m., 3 p.m., 5 p.m., 7 p.m. and 9 p.m. and is located on the 3rd floor. By parking on the third floor of the Plaza’s self-parking garage, guests have convenient and direct access to the Plaza’s bingo room and parking is validated for bingo players.
Gambling in the USA
Kambi Group plc extends Mohegan partnership with on-property sports betting agreement in Pennsylvania
Kambi Group plc (“Kambi”), the world’s trusted sports betting partner, has agreed a long-term on-property sportsbook partnership with Mohegan to provide its award-winning sportsbook at two retail locations in the state of Pennsylvania.
The partnership will see Mohegan utilise Kambi’s cutting-edge retail sportsbook offering across more than 20 kiosks in sportsbook locations at Mohegan Pennsylvania and Mohegan Pennsylvania at Lehigh Valley Race and Sportsbook.
The deal further strengthens Kambi’s relationship with Mohegan, which already utilises Kambi’s suite of sports betting products at ilani in Washington, as well as online and on-property in the Canadian province of Ontario at Fallsview Casino Resort and Casino Niagara.
Kristian Nylén, Kambi CEO and Co-founder, said: “With several successful partnerships with Mohegan already in place, we are pleased to agree this new partnership as we continue to build on our strong relationship.
“This latest deal further reinforces Kambi’s position as the sportsbook provider of choice for tribes across North America, and we look forward to our ongoing collaboration with Mohegan.”
Tony Carlucci, President & GM of Mohegan Pennsylvania, said: “Mohegan Pennsylvania is excited to continue utilising the same Kambi technology platform that existed under our Kindred partnership, which will help to create a seamless process as the Sportsbook at Mohegan Pennsylvania fully rebrands later this Spring.”
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