Indiana Sports Betting Continues To Climb In November

Written By Pat Evans on December 14, 2021
Indiana sports betting

Indiana sports betting continues to see record handle as football season wears on.

While November did not benefit from five Sundays like October, Indiana sportsbooks still took a record-breaking $463.7 million in bets, according to a state report released last week. October’s $461.1 million was the previous monthly record.

NFL bettingcontinued to lead the way with $136.3 million, or 29.4% of the monthly handle. Hoosiers do love basketball, however, and the sport was not far behind with $132.1 million of the handle, or 28.5%.

Indiana sports betting revenue jumps

Along with the handle record, Indiana shattered its sports betting revenue record as well. During the month, Indiana sportsbooks brought in $47.7 million in gross revenue, good for a robust 10.3% hold.

The previous record was $33.9 million in September 2021. In October, sportsbooks generated $27.7 million in revenue.

In November, Indiana collected $4.5 million in taxes. The previous high was $3.2 million in September.

Retail IN sportsbooks stay warm

Indiana bettors wagered $422.9 million online in November, or 91.2% of the overall handle. The rest of the handle, $40.8 million, was bet at retail sportsbooks.

Hollywood Lawrenceburg took more than $12.7 million in bets, which likely places it in the top echelon of all retail sportsbooks in the US.

Ameristar East Chicago was second, with $6.3 million in bets. The only other casino bringing in more than $5 million in retail bets was Indiana Grand, with $5.1 million in handle.

DraftKings stays atop online sportsbooks

DraftKings Sportsbook led the way in the Indiana online market with $166.2 million in handle, or 39.3% of the online market. FanDuel Sportsbook controlled 26.0%, or $109.8 million.

BetMGM Sportsbook and Caesars Sportsbook are duking it out for third place, with $46.3 million and $43.9 million, respectively.

Barstool Sportsbook, BetRivers and PointsBet round out the sportsbooks with more than $10 million in handle.

Sportsbook OperatorOnline HandleRevenueHoldOnline Market Share
DraftKings$166.2 million$12.6 million7.6%39.3%
FanDuel$109.8 million$15.6 million14.2%26.0%
BetMGM$46.3 million$4.5 million9.7%10.9%
Caesars$43.8 million$3.0 million6.8%10.4%
Barstool$17.2 million$962,7015.6%4.1%
BetRivers$13.6 million$1.0 million7.4%3.2%
PointsBet$12.4 million$962,7017.7%2.9%
UniBet$4.3 million$325,2677.5%1.0%
WynnBet$3.9 million$281,6207.2%1.0%
theScore$2.2 million$281,64112.8%<1%
Betway$1.5 million(-$32,990)--<1%
TwinSpires$1.3 million$197,33015.1%<1%

Moving forward in Indiana sports betting

While NFL betting continues to lead the way in the Hoosier State, Indiana does seem to benefit from a bit better balance with basketball than some other states.

This year, Indiana college basketball could be a boon, with Purdue ranked No. 1 last week.

Additionally, Bally Bet was recently approved as a new operator. It will be the 13th online sportsbook live in Indiana.

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Pat Evans

Pat Evans is a Grand Rapids, Michigan-based reporter covering sports business. Evans previously worked at Front Office Sports and the Grand Rapids Business Journal. He has authored two books: Grand Rapids Beer and Nevada Beer.

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