Indiana sports betting handle hits new high in December

Indiana’s sports betting market ended 2020 on a high after setting a new sports betting handle record in December.

According to the latest figures from the Indiana Gaming Commission, bettors in the state wagered $313.1m on sporting events in December, a new high for the Hoosier State.

December’s betting handle represented a 93.5% year-on-year increase and a 24.5% increase on the previous record of $251.4m wagered in November 2020.

Revenue amounted to $24.3m in December which was up 102.5% year-on-year but down from the $25.3m generated the previous month.

The state also managed to generate $2.3m in tax revenue from sports betting operations.

Breaking down the figures

When it comes to individual operators, the Blue Chip Casino and its sports betting partner FanDuel dominated the market in terms of revenue after generating $7.3m from $80.1m in sports bets.

Penn National Gaming’s Ameristar Casino, which is partnered with DraftKings for sports betting, dropped from its first-place position in November after generating $6.9m in revenue from $125m in wagers.

Penn National’s Hollywood Casino in Lawrenceburg took third place after processing $23.4m in bets and holding onto $3.3m.

The Belterra Casino which hosts a BetMGM sportsbook managed to generate $2.3m in revenue from $45.7m in bets.

Horseshoe Hammond casino was the only other licensee in the state to see sports betting revenue pass $1m, generating $1.4m in revenue after bettors wagered $9.3m with the operator in December.

What did people bet on?

Football was once again the most popular sport to bet on in December with bettors wagering a total of $101.8m on the sport in December.

Basketball was the second most popular sport to bet on in the Hoosier State in December, accounting for $89.7m of the state’s handle, while baseball bets reached $19,923.

Bettors in the state staked $79.2m on parlay bets in December, while “other” bets made up the remaining $41.5m of the state’s December handle.

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