Indiana sets $55.6m sports betting revenue record in December

Indiana reported $50.6m (£39.8m/€46.2m) in adjusted gross revenue for December, a new monthly record, while the Hoosier State’s handle fell just short of an all-time high.

Taxable adjusted gross revenue in December narrowly beat the existing record in Indiana of $50.5m, set in September 2022.

The December amount was also 18.5% ahead of $42.7m in December of 2022. In addition, it surpassed the $30.7m posted in November 2023 by 64.8%.

Indiana narrowly misses out on handle record

Turning to handle and Indiana came close to a month of two new state records. Consumers spent $503.1m during December, the second highest monthly amount since the state opened its legal market in September 2019.

The December total was 16.6% ahead of the $431.4m bet in Indiana in the same month in 2022. It was also just 2.1% behind November 2023’s all-time high of $513.7m.

Basketball remained the sport of choice among Indiana consumers, drawing $133.1m in bets. The state is home to the NBA’s Indiana Pacers and also the Indiana Pacers of the WNBA.

Elsewhere, $118.1m was wagered on American football in December and $133,791 baseball. A further $45.7m was bet on other sports, while parlay betting spend amounted to $205.7m.

Battle for Indiana top spot

Ameristar Casino and partner DraftKings edged back into the lead in the Indiana market in December. The partnership generated $19.3m in revenue from $179.8m.

In second were Blue Chip Casino and FanDuel, which led in November ahead of Ameristar Casino and DraftKings. Blue Chip and FanDuel posted $18.1m in revenue off a handle of $171.8m.

Placing third, again, was Belterra Casino, another FanDuel partner, with revenue of $3.8m. This came from a total of $34.4m in wagers in December.

It was also confirmed that the state generated $4.8m in tax from legal sports betting during December.

Original Article