Indiana betting handle hits $161m in December

Indiana sportsbooks ended 2019 with their best month yet in December.

According to figures from the Indiana Gaming Commission (IGC) sportsbooks in the Hoosier State processed $161.8m in sports bets and generated just under $12m in taxable revenue in December.

December’s figures marked a significant increase on November’s $147.3m in betting handle and $9.3m in revenue. With December’s figures, Indiana’s total betting handle in 2019 reached $436m.

In 2019, online and mobile sports betting accounted for 68.3% of the state’s total sports betting handle. This follows the trend seen in both New Jersey and Pennsylvania’s sports betting markets where the majority of betting handle comes from online platforms.

Breaking down the figures

Looking closer at the IGC’s figures, DraftKings, which is partnered with Penn National Gaming’s Ameristar Casino, continued to lead the market, handling $75m in bets and generating $5.8m in revenue.

DraftKings Sportsbook processed $170.2m in wagers through its online sportsbook since Indiana’s online sports betting market went live in October. This is the equivalent to 39% of the state’s total betting handle in 2019.

FanDuel Sportsbook, which operates through a partnership with Blue Chip Casino, was the second most popular sportsbook in December. Bettors wagered $40.1m with FanDuel while the sportsbook held onto $2.4m in revenue.

Since launching its online sportsbook in Indiana, FanDuel has accepted $62.1m in online sports bets in 2019, this is equivalent to 14.2% of the state’s 2019 sports betting handle.

Sports betting in Indiana

Indiana became the tenth state to legalize sports betting following the repeal of the Professional and Amateur Sports Protection Act (PASPA) in 2018.

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

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

On 1 September, Indiana’s sports betting market went live with the Ameristar Casino Hotel East Chicago, the Hollywood Casino & Hotel Lawrenceburg and Indiana Grand Racing & Casino launching land-based sportsbooks.

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