Indiana sports betting handle and revenue hits new record in October

Indiana’s sportsbooks have set a new record both in terms of handle and performance in the month of October.

According to the latest figures from the Indiana Gaming Commission (IGC), bettors in the state wagered a record $230.9m on sporting events in October.

October’s betting handle represents a significant month-on-month increase on the $207.5m wagered in September, as well as a 151.8% year-on-year improvement on the $91.7m wagered in October 2019.

Online betting accounted for $193m of the state’s total sports betting handle in October, while land-based betting handle contributed $37.9m.

Revenue also hit a new record in October, with sportsbooks generating $21.1m from sports betting activities. October’s revenue also marks an 83.5% increase on the $11.5m generated in October 2019 and a month-on-month increase on the $14.3m generated in September.

Breaking down the figures

Looking closer at the figures, Penn National Gaming’s Ameristar Casino, which is partnered with DraftKings for sports betting led the market in terms of handle and revenue. The sportsbook operator managed to generate $7.9m in revenue from $97.5m in sports bets.

The Blue Chip Casino and its sports betting partner FanDuel came in second place after processing $65.6m in bets and holding onto $1.9m.

The Penn National Hollywood Casino in Lawrenceburg followed close behind with $1.9m in sports betting revenue from $18.5m in bets.

The Belterra Casino, which runs a BetMGM-branded sportsbook also ranked among the top performers in October after generating $20.9m in revenue from $1.9m in bets.

What did people bet on?

Football was the most popular sport to bet on in October with bettors wagering $84.7m on the sport. Parlay bets were also incredibly popular accounting for $61.1m of the state’s handle in October.

The “other” sports category, which includes all sports apart from football, basketball, baseball and parlays, accounted for $46m of the state’s handle. 

Baseball bets amounted to $26.6m while bettors wagered $10.8m on basketball events.

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