Indiana Sports Betting Handle Surges to $147.3m in November

  • Indiana's sportsbooks took over $100m in bets in a month for the first time
  • Total sports betting handle in November was $147.3m, a monthly increase of 61%
  • Gross sports betting revenue was $9.3m, a significant drop from October's $11.5m
  • 65% of all bets were placed through the three online sportsbooks operating in the state
revenue growth
Indiana’s online and retail sportsbooks took $147.3m in November, passing the $100m mark for the first time. [Image: Shutterstock.com]

Another record month

Indiana’s sports betting operations passed the $100m mark for the first time in November to set another monthly record.

Retail and online sportsbooks in the Hoosier State accepted bets totaling $147.3m in November, a 60.6% increase over October’s $91.7m handle.

passed the $100m mark for the first time in November

The total gross sports betting revenue in November was $9.3m, which is actually a decrease of 19% from the $11.5m revenue generated in October. Tax revenue for the state government hit $883,361 for the month. 

Continual growth

Online betting is becoming more popular among players in Indiana each month. The three online sportsbooks operating in the state are all mainstays of online sports betting across the US.

BetRivers, FanDuel, and DraftKings accounted for 65% of the total state handle for November. These sportsbooks accepted wagers totaling $96.2m.

The proportion of online sports bets to total intake in October was 52%. As more online sportsbooks are set to open in the state in the coming months, this percentage will likely grow exponentially.

Leaders in the market

DraftKings holds an online sports betting license in Indiana through the Ameristar Casino. DraftKings came out on top with a total handle of $64.1m in November, which is a significant increase from October’s handle of $39.4m.

FanDuel operates through the Blue Chip Casino license and saw its intake increase from $2.4m to $23.7m. This offering was only open for a few days in October, which is why there was such a low intake for the month.

DraftKings came out on top with a total handle of $64.1m in November

The BetRivers sportsbook has its online operations through the French Lick Resort. It was in third place with an intake of $8.4m for the month. 

In terms of retail sports betting operations, the Horseshoe Hammond Casino took top spot with a handle of $13m. This casino is near the city of Chicago, with a lot of sports bettors from Illinois crossing the border to place bets. While Illinois has legalized sports betting, the sports betting licenses have yet to be handed out. 

Next on the list for retail sportsbooks was the Hollywood Lawrenceburg Casino. It reported an intake of $8.8m and revenue of $1.1m.