Indiana Sports Books Issues $35 Million In Sep

 Retail sports books in Indiana enjoyed an impressive first month of competitiveness in the state with more legal sports betting markets built up, according to analysts at PlayIndiana.com .

Thanks to retail sports books located closest to the Chicago market where retail sports books are located, retail sports books in Indiana received $35.2 million in bets in September, generating $8.6 million in adjusted gross income for sports books, according to an official report released Wednesday. With Indiana's 9.5 percent tax, the state's victory (not including outstanding bets, such as bets on the Colts to win the Super Bowl) put in $813,103.

"Indiana's ability to capitalize on the Chicago market didn't take long to yield dividends, even though sportsbooks are in their infancy," said Dustin Gouker, chief analyst at PlayIndiana.com . "This is the largest processing we've seen in the state during the first month of legitimate sports betting, and it happened without the benefit of online sports betting that wasn't released until October. This is a testament to Indiana's existing infrastructure."

Indiana's $35.2 million handling was more than Pennsylvania's $25.8 million retail sportsbook generated in August, but less than New Jersey's $44.4 million. Of course, more than half of Indiana's bets in September were on football, and neither Pennsylvania nor New Jersey benefited from the NFL in August. Both look to far outpace Indiana in September.

Nevertheless, Indiana's October online betting rollout heralds fast growth in the coming months. Nearly 80% of all bets in New Jersey are made online, and Indiana will eventually take most of its bets online as well.  카지노사이트

"Indiana demonstrated a familiar pattern in the first month where far-flung football betting is a major driver of the industry," said Kim Yul, an analyst at PlayIndiana.com . "But the ability to place online and mobile bets will send state officials into a new stratosphere. Indiana is clearly on track to become one of the largest legal sports betting markets in the United States."

One of the main reasons Indiana has so much potential is its proximity to Chicago, as well as to large markets in Ohio and Kentucky. The first month of betting provided a lot of evidence.