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Indiana breaks betting revenue and handle records in January


Indiana set new sports betting revenue and handle records in January, according to the latest monthly results published by the Indiana Gaming Commission.

Adjusted gross revenue for January totalled $29.3m, up 127.1% from the same month last year, while the amount was also 15.8% higher than the previous record of $25.3m set in November 2020.

Players wagered $348.2m on sports in January, more than double the $170.8m bet in the corresponding month in 2020, and also 11.2% more than December 2020’s previous record of $313.1m.

Operators paid a total of $2.8m in sports wagering tax during the month, up from $1.2m in January of last year.

Basketball was the sport of choice for many players in Indiana. Some $133.2m was wagered on basketball during the month, ahead of football on $77.6m and baseball with just $56,796. Parlay betting amounted to $86.1m, while other betting reached $50.3m in January.

In terms of operator performance, Penn National Gaming’s Ameristar Casino and its DraftKings sportsbook took top spot in January with $10.7m and a handle of $134.4m.

Blue Chip Casino and its FanDuel sportsbook were second with $6.2m in revenue and a $90.6m handle, followed by Belterra Casino and its BetMGM sportsbook with $5.0m and a $57.0m handle.

The Penn National Hollywood Casino in Lawrenceburg was the only other casino to post in excess of $1.0m in revenue for the month, with its revenue reaching $3.2m and handle $26.8m.