- In February, gaming officials in Indiana hired Spectrum Gaming Group to estimate how much revenue online casino gaming (if legalized) could generate in the Hoosier State. The firm returned with this answer — $469 million in the first year, growing to $830 million by the third year.
- In its 103-page report for the Indiana Gaming Commission (IGC), released Wednesday, Spectrum also suggested that online poker — independent of online casino gaming — could generate $10.3 million in the first year and $18.3 million by the third.
- If accurate, that would mean Indiana’s online poker market would be a little over one-third the size of New Jersey’s in its first full year and would grow to two-thirds the size of New Jersey’s by year three.
In February, gaming officials in Indiana hired Spectrum Gaming Group to estimate how much revenue online casino gaming (if legalized) could generate in the Hoosier State. The firm returned with this answer — $469 million in the first year, growing to $830 million by the third year.
But in its 103-page report for the Indiana Gaming Commission (IGC), released Wednesday, Spectrum also suggested that online poker — independent of online casino gaming — could generate $10.3 million in the first year and $18.3 million by the third.
The estimate is based on analyses Spectrum conducted in three other states where online poker is legal — Delaware, New Jersey, and Pennsylvania.
IN’s Online Poker Market Would be Two-Thirds the Size of NJ’s in Third Year
Spectrum reported that for the 12 months ending in April, the three states combined for total gross gaming revenue of $2.9 billion. But 97.8% of that total ($2.8 billion) was for online casino gaming, while the remaining 2.2% ($63.8 million) was from online poker.
By extension, Spectrum projects Indiana online poker could make $10.3 million in its first year, $14.6 million in the second, and $18.3 million in the third. Based on the firm’s estimate that online casino gaming would make $469 million in the first year the vertical was legal, increasing to $663 million in the second year and $830 million in the third.
