Indiana’s sports betting handle skyrockets in November

Indiana’s sports betting market continued to post strong figures last month.

According to figures from the Indiana Gaming Commission (IGC) Indiana’s sports betting handle hit $147.3m, a massive 60.6% increase on the $90m wagered in October.

Online and mobile accounted for the majority of handle in November with residents wagering $96.2m through online sportsbooks in the state.

Despite a massive increase in betting handle, sports betting revenue dropped to $9.3m in November from the $11.5m generated the month prior.

Breaking down the figures

Looking closer at the figures, DraftKings online sportsbook, which operates through a licensing agreement with Penn National Gaming’s Ameristar Casino, was the most popular operator in the state. Bettors in the Hoosier State wagered $64.1m online with DraftKings and just over $8m at the land-based sportsbook at the Ameristar venue. Online betting accounted for $4.3m of the operator’s revenue while land-based betting generated just $753,103 in revenue.

FanDuel’s online sportsbook, which operates through a similar agreement with Blue Chip Casino, processed $23.7m in sports bets and held onto $1.7m. The land-based sportsbook at Blue Chip took $4.5m in bets and generated a mere $310,955.

Rush Street Gaming’s French Lick Casino is the only other operator offering online betting in the Hoosier State. The IGC’s figures show that the online sportsbook generated $476,284 in revenue from $8.4m in wagers. The land-based venue, on the other hand, processed $1.2m in wagers and held onto just $45,357.

Caesars Entertainment’s Horseshoe Hammond was the most popular land-based sportsbook amongst bettors after processing $13m in sports bets resulting in $1.2m in revenue. In terms of land-based betting revenue, Penn National’s Hollywood Casino Lawrenceburg was the most successful after generating $1.2m from $8.8m in bets.

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, legalizing land-based and state-wide mobile sports betting. Bettors can sign up for online sportsbook accounts remotely, from anywhere within the state.

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.

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