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Indiana falls marginally short of new betting handle record in December

News

Indiana fell just short of setting a new sports betting handle record in December, though the US state was able to report year-on-year growth across player wagering and adjusted gross revenue.

Consumers spent a total of $463.0m on sports betting in December, up 47.9% from $313.0m in the same month in 2020, but just 0.1% lower than the record $463.7m set in the state in November of 2021.

Basketball overtook football to become the most popular sport among bettors in the state, with $148.5m wagered in December. Football placed second with $141.8m in bets, while parlay bets amounted to $117.3m and other sports drew $117.8m in total wagers.

Turning to adjusted gross revenue , this amounted to $25.8m, an increase of 6.2% from $24.3m in 2020, but down 45.9% from the record $47.7m set in November 2021.

The Blue Chip Casino’s FanDuel-operated sportsbook remained the market leader in terms of revenue, posting $7.6m off a handle of $121.1m for the month.

However, Ameristar East in East Chicago with its DraftKings sportsbook drew more bets, processing $155.4m in wagers in December and posting $6.8m in revenue.

Elsewhere, the Belterra Casino and its FanDuel sportsbook saw revenue reach $3.6m from a handle of $52.2m, while Hollywood Lawrenceburg and its Barstool sportsbook posted $3.3m in revenue off $41.3m in players wagers.

Indiana was also able to generate $2.4m in tax from sports betting during the month.