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Indiana sports betting handle soars in October


The Indiana Gaming Commission has revealed that players in the state staked $91.7m on sports in October, a month-on-month increase of 160.4%.

The second full month of legal wagering included the first contributions from mobile wagering, which accounted for $48.0m (52.4%) of total handle despite just three sportsbooks launching offerings in the month. 

DraftKings, operating under Penn National’s Ameristar Casino, and the Rush Street-operated French Lick Casino were the first, on October 3, with FanDuel, partnered with Blue Chip Casino Hotel & Spa, following on October 22.

Across all licensees and channels, the $91.7m handle resulted in adjusted gross revenue of $11.5m, up 34.8% month-on-month. Mobile revenue amounted to $4.2m in October, of which DraftKings generated $3.5m, followed by Rush Street’s BetRivers-branded offering with $496,744, then FanDuel with $197,786.

Looking at the leading operators in the market, Ameristar Casino ruled the roost, with total handle of $46.2m. The venue benefitted significantly from the mobile roll-out, with the channel accounting for $39.4m of amounts wagered. Its total taxable revenue of $5.0m gave it a comfortable lead over all other licensees. 

Caesars Entertainment’s Horseshoe Hammond followed in second, despite not launching a mobile product during the month. Retail stakes at the venue rose to $10.7m, though revenue declined marginally to $1.7m for the month. 

French Lick came in third, with handle of $7.1m, including a $6.3m mobile contribution. However, total revenue for the month was $554,653. Blue Chip and FanDuel were next, with a $4.6m contribution from retail complemented by $2.4m in online wagers. A weaker hold saw total revenue amount to $903,326. 

Another Penn National-owned venue, Hollywood Casino Lawrenceburg, also saw handle hit $6.9m, but with a higher win percentage generated revenue of $1.1m. 

Harrah’s Hoosier Park, meanwhile, benefitted from contributions from off-track betting facilities in Indianapolis and New Haven, with total handle of $6.2m and revenue of $1.1m. 

From the total monthly revenue of $11.5m, operators paid $1.1m in wagering taxes.