Indiana Sports Betting Finishes 2021 With Near-Record Month

Written By Pat Evans on January 19, 2022
Indiana sports betting

Indiana sports betting capped off a year of significant growth with a big December.

Hoosiers wagered $463.0 million during December, according to an Indiana Gaming Commission report released last week. That is just shy of the record $463.7 million wagered in November 2021.

The December bets bring the total Indiana sports betting handle in 2021 to $3.8 billion, which is a 116.4% increase from $1.8 billion in 2020. The December 2021 handle total was a 47.9% uptick from $313.1 million in December 2020.

Indiana sports betting revenue drops

Indiana sportsbooks generated just more than $26 million in revenue, a 5.6% hold. The total was down 45.5% from November’s record $47.7 million in revenue, a 10.3% hold. It is nearly on par with the $27.7 million sportsbooks generated off $461.1 million in October 2021, a 6% hold.

The state collected $2.5 million off Indiana sports betting revenue in December.

In total for 2021, sportsbooks generated $307.6 million in revenue, up 125.5% compared to the $136.4 million in the year prior. The state collected $29.0 million in taxes during 2021, up from $13.2 million in 2020.

Online IN sports betting stays hot

Indiana sports bettors bet $422.8 million online, or 91.3% of the total handle in December.

Of the $40.2 million wagered at retail sportsbooks, Hollywood Lawrenceburg pulled in $13.9 million in bets to remain one of the top retail sportsbooks in US sports betting.

DraftKings tops Indiana sportsbooks

DraftKings Sportsbook controlled 35% of the online market in Indiana, drawing $148.2 million in bets. FanDuel Sportsbook took in 28.5% of the market with $120.5 million in bets and led the revenue column generating $7.5 million.

BetMGM and Caesars remained neck-and-neck for third place. BetMGM took $49.9 million in bets, while Caesars handled $48.9 million.

Online SportsbookHandleRevenueHoldMarket Share
DraftKings$148.2 million$6.4 million4.3%35.0%
FanDuel$120.5 million$7.5 million6.2%28.5%
BetMGM$49.9 million$3.6 million7.2%11.8%
Caesars$48.9 million$1.6 million3.3%11.6%
Barstool$16.6 million$1.1 million6.6%3.9%
BetRivers$15.2 million$1.0 million6.6%3.6%
PointsBet$10.8 million$781,3487.2%2.6%
WynnBet$3.9 million$166,7364.3%<1%
Unibet$3.0 million$195,3586.5%<1%
TwinSpires$2.5 million$151,1646.0%<1%
Betway$1.6 million(-$132,166)--<1%
theScore$1.5 million$116,9067.8%<1%
Bally Bet$130,952$44,87434%<1%

Basketball breaks ahead

Hoosiers let their basketball love show through in December, betting $148.5 million on the sport. That is nearly 32.1% of the overall handle.

Even with the Indianapolis Colts in the hunt for a playoff spot, NFL betting could not keep football handle in the top spot. Football accounted for $141.8 million in bets during the month or 30.6% of the total handle.

Parlays made up 25.3% of the December handle, or $117.3 million.

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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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