Indiana betting handle and revenue hits record high in September

Indiana’s sports betting handle and revenue hit a record highs in September.

According to the latest figures from the Indiana Gaming Commission (IGC), bettors in the state wagered $207.5m on sporting events in September representing a 500% year-on-year increase on the $35.2m wagered the same time last year.

The majority of September’s handle came from online betting after bettors in the Hoosier State wagered $173.1m via online sportsbooks and $34.4m in person at land-based sportsbooks.

In terms of revenue, Indiana’s sportsbooks generated $14.3m in adjusted gross betting revenue which marked a 66.8% year-on-year increase on the $8.6m generated in September 2019. Before adjustments, Indiana’s online sportsbooks generated $10.7m while the state’s land-based sportsbooks generated $3.2m.

Indiana’s sportsbooks paid a combined total of $1.4m in tax, marking another record for the state’s betting industry.

Breaking down the figures

The DraftKings-branded land-based sportsbook at Penn National Gaming’s Ameristar Casino led the market with $95.1m in handle and $5.5m in revenue. Online betting accounted for $89.4m of the licensees’ handle and $3.2m of its total revenue.

Blue Chip Casino, which is partnered with FanDuel, followed close behind after generating $3.3m in revenue from $57.7m in bets. 

Penn National Gaming’s Hollywood Casino Lawrenceburg came in third place after processing $16.1m in bets and generating $2.3m in revenue.

Belterra Casino and its BetMGM-branded sportsbook came in fourth place after generating $1.4m in revenue from $13.9m in sports wagers.

What did people bet on?

The increase in betting handle can be attributed to the return of the NFL season as bettors in the state wagered $48.4m on football events.

Basketball was the second-most popular sport to bet on after Indiana bettors wagered $34.2m on basketball games while baseball followed close behind with $30.5m in bets.

Bettors in the state wagered $50.7m on parlay bets and $43.1m on other sporting events. “Other” sports include all sports that aren’t mentioned in the state report.

Sports betting in Indiana

The state’s Governor, Eric Holcomb, signed HB 1015 into law in May 2019, legalising land-based and state-wide mobile sports betting in the state of Indiana. Bettors can sign up for online sportsbook accounts remotely, from anywhere within the state.

Sports betting went live in Indiana on 1 September 2019, at the Ameristar Casino Hotel East Chicago, the Hollywood Casino & Hotel Lawrenceburg and Indiana Grand Racing & Casino

At the time of writing, bettors in the Hoosier State have several online sports betting options which include DraftKings, FanDuel, BetRivers, BetAmerica, PointsBet and BetMGM.

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