Indiana sports betting kept booming in November
As the football season progresses in the US, Indiana sports betting sets new records. Although November did not have five Sundays like the previous month, Indiana sportsbooks generated more than $463.7 million in wagers (a record so far), according to a state report issued last week. The previous monthly high was $461.1 million in October. With $136.3 million, or 29.4%of the monthly handle, NFL betting continues to lead the way. On the other hand, basketball is a popular sport in Indiana, accounting for $132.1 million of the total handle, or 28.5%
Indiana Sports Betting Revenue
|Sportsbook Operator||Online Handle ($)||Revenue ($)||Hold (%)||Online Market Share (%)|
|DraftKings||$166.2 million||$12.6 million||7.60%||39.30%|
|FanDuel||$109.8 million||$15.6 million||14.20%||26.00%|
|BetMGM||$46.3 million||$4.5 million||9.70%||10.90%|
|Caesars||$43.8 million||$3.0 million||6.80%||10.40%|
|BetRivers||$13.6 million||$1.0 million||7.40%||3.20%|
Indiana Sports Betting Revenue Explode
Along with breaking the handle record, Indiana also broke the revenue record for sports betting. Indiana sportsbooks earned $47.7 million in total revenue throughout the month (+10.3% MoM)
In September, $3.2 million was spent.
A Bright Future for Indiana Sports Betting
While NFL betting continues to play a leading role in Indiana, the state appears to profit from a healthy balance with basketball than some other states.
Purdue ranked No. 1 in college basketball last week, so Indiana college basketball might be a boon this year.
Bally Bet was also recently licensed as a new operator. It will be Indiana’s 13th online sportsbook operator.