Indiana Passes $400 Million In Sports Betting Handle Since Books Opened

The Indiana Gaming Commission reported Friday that the state’s retail and internet sportsbooks combined for $161.8 mm in handle during the month of December. The industry had $11.9 mm in taxable adjusted gross revenue off that handle, according to the state.

Indiana retail sports wagering began in early September, followed by a trio of online sportsbook launches in October, and then another in late December. Since legal sports betting began in the Hoosier State, the regulated books have taken $429.6 mm in wagers, according to the state figures.

The Hoosier State has 11 retail sportsbooks.

Mobile handle share increasing

The $161.8 mm handle was up from $147.2 mm in November. Roughly 65% of the handle came via the internet in November, increasing to more than 68% last month ($110 mm). In New Jersey, about 86% of the handle came via cyberspace in November.

Here was handle by online/mobile sportsbook last month:

DraftKings and BetRivers launched in early October, followed by FanDuel a few weeks later. FanDuel is catching up, with its handle growing by more than 50% from November to December. DraftKings’ handle inched up by about $2.7 mm month-over-month.

BetRivers had a rough time relative to its rivals, with its handle falling from $8.3 mm in November to under $8 mm last month. Its brand isn’t as strong as the likes of DraftKings and FanDuel.

DraftKings operates under Penn National’s Ameristar Casino license; FanDuel is active via Boyd Gaming’s Blue Chip Casino; Rush Street Interactive’s BetRivers takes wagers by way of the Cook Group’s French Lick Resort; and Churchill Downs’ BetAmerica launched thanks to Full House Resorts’ Rising Star Casino.