Indiana sportsbooks accepted about $29.9 billion in wagers between the market’s September 2019 launch and September 2026, while generating about $260 million in state sports-wagering tax. The seven-year total is based on 85 monthly Indiana Gaming Commission reports compiled by RG.org.
The market’s annual handle rose from $1.77 billion in 2020, its first full year, to a calendar-year record of $5.72 billion in 2025, a 223% increase. Tax collections rose over the same period from $13.2 million to $54 million.
Sportsbooks took $4.09 billion from January through September 2026, up 4% from $3.92 billion in the corresponding 2025 period, and the state collected $38.2 million in tax, compared with $37.1 million a year earlier. September alone produced $540.5 million in handle and $4.66 million in tax; the highest monthly handle on record remains November 2025, at $641 million.
Indiana taxes adjusted gross sports-betting revenue at 9.5%, rather than taxing wagers themselves. Under Indiana Code 4-38-10-3, 3.33% of sports-wagering tax is transferred to the addiction services fund, and one-quarter of that transfer must support compulsive-gambling prevention, education, provider credentialing and treatment. Applied to the cumulative tax total, the formula puts about $8.7 million into the fund and about $2.2 million toward compulsive-gambling programs.
The Indiana Gaming Commission’s fiscal-year figures measure a different period from the calendar-year record. Its FY 2025 annual report recorded $5.52 billion in sports-wagering handle and $49.1 million in tax, up 14.27% from $43 million in FY 2024. Online wagers accounted for 98% of all Indiana wagers in that fiscal year.
Retail sportsbooks began operating on Sept. 1, 2019, after then-Gov. Eric Holcomb signed the legalisation bill in May that year; mobile and online betting followed in October. Indiana was the 13th state to offer sports wagering and now permits 11 online sportsbooks. IndyStar placed Indiana 10th nationally by cumulative handle, behind Ohio’s $30.8 billion and far below New York’s $95.9 billion.
The U.S. Census Bureau said state sales-tax revenue from sports betting increased 382%, from $190 million in the third quarter of 2021 to $917 million in the second quarter of 2025. Indiana’s reports include wagers on future events, meaning that a monthly hold rate cannot be derived simply by dividing revenue by handle for the same month.
