Indiana’s sports betting market set new records for handle and revenue in November.
According to new figures released by the Indiana Gaming Commission (IGC), bettors in the state wagered a total of $251.4m on sports in November setting a new record for the state’s betting handle.
Indiana’s November handle represented a 70.7% year-on-year increase and surpassed the previous record of $230.9m that was set in October this year.
Sportsbooks in the state generated $25.3m in revenue in November, representing a major increase on the $9.3m generated this time last year and a month-on-month increase on the $21.1m generated in October.
Licensed sportsbook operators paid a total of $2.4m in taxes to the state in November.
Each operator’s performance
Penn National Gaming’s Ameristar Casino and its sports betting partner DraftKings continued to lead the market in November after generating $8.4m in revenue from $103.7m in bets.
The Blue Chip Casino and its sports betting partner FanDuel took second place after processing $66m in bets and holding onto $8.1m.
Penn National Hollywood Casino in Lawrenceburg took the third-place spot in November after generating $2.5m from $21.5m in sports bets. Belterra Casino, which hosts the BetMGM sportsbook processed $26.2m in bets and held onto $2.3m in revenue.
The only other licensee in the state to post more than $1m in revenue was the Horseshoe Hammond venue which generated $1.1m in revenue from $7.3m in bets.
What did people bet on?
Football was the most popular sport to bet on in Indiana with bettors in the state wagered $113.5m on the sport. This made up 45.2% of all bets placed during the month.
Indiana bettors wagered $66m on parlay bets, $17.7m on basketball games and $393,585 on baseball. The remaining $53.3m was wagered across “other” sporting events.