State's coffers start to fill from World Series, NFL bets

INDIANAPOLIS—Indiana’s bet on sports wagering is paying off, at least for state revenues.

The state took in more than $1 million in new revenue in October, the first full-month of legalized sports wagering in Indiana, according to the October gaming revenue report by the Indiana Gaming Commission.

During October, the report states, Hoosiers bet $90,438,994.88 on sporting events. More than $41 million of those bets were on football, with the NFL and NCAA football seasons well underway. Another $10 million was wagered on baseball during the Major League Baseball playoffs and World Series.

Sports wagering was signed into law by Gov. Eric Holcomb in May, with the first legal bets allowed to be placed at casinos in September and online sports betting rolled out on Oct. 3.

Read more: http://thestatehousefile.com/states-coffers-start-fill-world-series-nfl-bets/40290/