Into this mix now comes Ohio, which is developing rules to launch several new sports-betting options by January 1, 2023. Indiana’s total handle, or how much gamblers bet, was $3 billion, with 86% of that money going to online sports books.
DraftKings and FanDuel own two thirds of the online market in the Hoosier state, with a combined $137 million in gross receipts, which is the money gaming operators keep after all bets are paid. Of course, its gains are a drop in the bucket compared to the sports betting apps that dominate the industry. Hollywood rebounded by establishing itself as the top-performing retail sports book in Indiana, generating $15.5 million in revenue last year. The 25-year-old casino raked in more than $400 million a year in its heyday, but hasn’t exceeded $200 million since 2014, when Ohio’s 11 casinos and racinos fully opened. The Hollywood property got a much-needed boost when Indiana became the 13 th state to legalize sports betting three years ago. Lot Tan Mike Galle, general manager, Hollywood Casino Lawrenceburg, called the new Barstool Sports Book 'a mini-casino' in a tour of the property March 16.
