Indiana’s sports betting industry set new handle and revenue records in January.
According to figures from the Indiana Gaming Commission (IGC) sportsbooks in the Hoosier State generated $12.9m in revenue in January, representing a 7.3% increase on the $12m generated in December 2019. Sports betting handle also increased by 5.6% from $161m up to $170.8m in January 2020.
January’s figures represent a new monthly record for sports betting handle and revenue in the Hoosier State.
Online betting accounted for $123.4m of the state’s handle in January while $47.4m was wagered at land-based sportsbooks. online sportsbooks made up the majority of the state’s revenue with online sportsbooks generating $7.1m in January.
The state of Indiana managed to generate $1.2m in tax revenue in January, which is also a new record for the state.
Breaking down the figures
Looking closer at the figures, DraftKings online sportsbook, which serves the state through a partnership with Ameristar Casino, was the most popular sportsbook among bettors. The online sportsbook generated $4.6m after bettors wagered $66m through the online platform. Ameristar’s land-based sportsbook generated $1.4m in betting revenue.
FanDuel’s online sportsbook, which is partnered with Blue Chip Casino, processed $49.5m in sports wagers and held onto $1.9m. The land-based sportsbook at Blue Chip generated $279,868 in revenue from $3m in bets.
French Lick Resort’s online partner, BetRivers, which was the first online sportsbook available in the state, came in third place after bettors wagered $7.8m on sports, leaving the operator with $590,178 in revenue.
Churchill Down’s BetAmerica-branded sportsbook, which is partnered with Rising Star Casino, processed $89,622 in sports bets and held onto $1,854. It’s worth mentioning that January marked BetAmerica’s first full month of operation in the state of Indiana.
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 2019, 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.