The Indiana Gaming Commission reported sports wagering handle of more than $427.1 million for the month of January on Friday, a notable year-over-year decline that accompanied bordering state Ohio launching legal betting on Jan. 1.
Handle was down 14.6% from last year’s record $500.1 million, with a portion of the decline due to Buckeye State bettors no longer needing to cross into eastern Indiana for action. While wagering was down nearly 1% from December’s $431.4 million, Indiana sportsbooks still surpassed $400 million collectively for the fourth consecutive month.
The betting public fared slightly better than December, knocking down the win rate nearly 1.4 percentage points to just over 8.5%. Operators statewide reported close to $36.5 million in adjusted gross revenue — ending a four-month streak with at least $40 million — with more than $1.1 million added via adjustments. Ameristar Casino in East Chicago accounted for the bulk of that figure, with an adjustment of more than $700,000.