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Indiana reports betting handle decline, but revenue growth, in December


Consumer spending on sports betting in Indiana fell month-on-month and year-on-year in December, though the state reported an increase in revenue.

Wagering handle for the month was $431.4m, down 6.8% from $463.0m in December 2021 and also 4.6% lower than $452.3m in November 2022.

Football was again the most popular sport to bet on, attracting $136.2m in total wagers, just ahead of basketball on $130.0m. Consumers also spent over $46.0m betting on other sports and $119.0m on parlay bets.

In terms of adjustable gross revenue, this amounted to $42.7m for the month, which was an increase of 65.6% from $25.8m in December 2021 and 6.8% ahead of $40.0m in November 2022.

Blue Chip Casino and partner FanDuel remained the market leader with $16.0m in revenue from $138.3m in total wagers.

Ameristar Casino and its DraftKings sportsbook followed in second with revenue of $12.7m and a $137.6m handle, then Belterra Casino, another FanDuel partner, with $5.1m worth of revenue from $42.8m in bets.

The state was also able to collect $4.1m in sports betting tax during the month.