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Indiana handle hits seven-month high in October


Consumers in Indiana wagered $446.2m on sports during October, the highest monthly total since March this year.

October’s handle was 3.3% lower than $461.2m in the same month last year, but 16.7% up from $382.5m in September this year and the largest amount since $476.8m was bet in March.

Football remained the most popular sport to wager on during the month, drawing $168.6m in total bets, ahead of $57.1m in basketball wagers and $32.5m worth of baseball bets. A further $126.2m was spent on parlay bets and $61.4m across other sports.

In terms of taxable adjusted gross revenue, this amounted to $46.9m, an increase of 69.3% from $27.7m in October 2021, but 8.4% lower than $51.2m in September this year.

Looking at individual operator performance, Blue Chip Casino and partner FanDuel retained top spot in revenue terms, generating $18.6m from $135.7m in total bets.

Ameristar Casino and its DraftKings sportsbook had a greater handle – $153.3m – but posted lower revenue of $12.7m. Belterra Casino, another FanDuel partner, was third with $4.7m in revenue from a handle of $44.4m.

The state was also able to collect $4.5m in sports betting tax during the month.

The latest monthly figures come after it was revealed this month that Betr, the new micro-betting business founded by Simplebet co-founder Joey Levy and social media personality Jake Paul, has secured market access in Indiana via a partnership with the Caesars Southern Indiana land-based casino.

Subject to regulatory approval, the new arrangement, which also includes EBCI Holdings, the gaming entity of the Eastern Band of Cherokee Indians that operates the casino, will allow Betr to launch real-money micro-betting in the state.