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Indiana sets new sports betting handle record in December


The Indiana Gaming Commission set a new sports betting handle record in December, while revenue from wagering more than doubled year-on-year.

Adjusted gross revenue for the month amounted to $24.3m, up 102.5% from $12.0m in December 2019, but down from a record $25.3m in November 2020.

Players wagered a total of $313.1m, which was 93.5% higher than in the same month in 2019, as well as a 24.5% increase on the previous monthly record of $251.4m set in November of last year.

The Commission also noted that the state was able to take $2.3m in tax from sports betting activities in December, more than double the $1.1m collected in December 2019.

Football was by far the most popular sport to wager on among consumers in the state, with a total of $101.8m during the month. Basketball ranked second with $89.7m in wagers, ahead of just $19,923 for baseball.

Parlay bets accounted for $79.2m of all wagers placed in December, while other bets made up the remaining $41.5m of the total amount wagered in the month.

Looking at individual operators, the Blue Chip Casino and its FanDuel sportsbook led the market in terms of revenue, generating $7.3m from $80.1m in bets.

Penn National Gaming’s Ameristar Casino and its DraftKings sportsbook, the previous market leader, ranked second with $6.9m in sports be revenue, but a larger handle of $125.0m.

The Penn National Hollywood Casino in Lawrenceburg was the next most successful operator with $3.3m in revenue from $23.4m in bets, then the Belterra Casino, which runs a BetMGM sportsbook, on $2.3m from $45.7m.

Horseshoe Hammond was the only other casino to see revenue surpass $1m in revenue, with this reaching $1.4m off a handle of $9.3m for the month.