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 Operator | Online Handle | Revenue | Hold | Online Market Share |
|---|---|---|---|---|
| DraftKings | $166.2 million | $12.6 million | 7.6% | 39.3% |
| FanDuel | $109.8 million | $15.6 million | 14.2% | 26.0% |
| BetMGM | $46.3 million | $4.5 million | 9.7% | 10.9% |
| Caesars | $43.8 million | $3.0 million | 6.8% | 10.4% |
| Barstool | $17.2 million | $962,701 | 5.6% | 4.1% |
| BetRivers | $13.6 million | $1.0 million | 7.4% | 3.2% |
| PointsBet | $12.4 million | $962,701 | 7.7% | 2.9% |
| UniBet | $4.3 million | $325,267 | 7.5% | 1.0% |
| WynnBet | $3.9 million | $281,620 | 7.2% | 1.0% |
| theScore | $2.2 million | $281,641 | 12.8% | <1% |
| Betway | $1.5 million | (-$32,990) | — | <1% |
| TwinSpires | $1.3 million | $197,330 | 15.1% | <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.
