Indiana’s sports betting markets continues to grow.
On Monday, the Indiana Gaming Commission released January figures from the state’s nascent sports betting industry, which was legalized last year and kicked off in September. Retail wagering began that month, followed by online/mobile in October.
Last month, the statewide total handle was $170.8 million, a new high for the state.
Retail accounted for $47.5 million, with the four online/mobile sportsbooks accounting for $123.3 million handle, a new record for internet sports wagering in the Hoosier State. The industry reported $12.8 million in taxable gross AGR off the statewide total, up from $12 million in December.
Total statewide handle was up about 5.5% compared to what the same books took in December. Retail handle fell by about 7%. Internet handle grew about 11.5%.
Below is a look at Indiana’s sports betting growth since the activity kicked off.
|September||$35.2 million||$35.2 million||$0|
|October||$91.7 million||$43.7 million||$48 million|
|November||$147.3 million||$51.1 million||$96.2 million|
|December||$161.8 million||$51.2 million||$110.6 million|
|January||$170.8 million||$47.6 million||$123.3 million|
Handle by online/mobile book
BetRivers was third with $7.8 million in handle. BetAmerica was fourth with $90,000.
DraftKings’ handle was down from December’s $66.7 million, and BetRivers was also down month-over-month compared to $7.9 million in December. BetAmerica was only live in December for a couple of days.
FanDuel’s handle was up nearly 38% month-over-month from $35.9 million in December.
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.
Horseshoe Hammond, situated near Chicago, led the 11 retail licensees with $13.7 million in handle.
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