Indiana sets betting handle and revenue records in November

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.

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