Indiana Sportsbooks Post $463 Million Handle in December
- By: Staff Writer
- January 15, 2022
- LikeUnlikeLike
- 596 Views
December was a busy month for Indiana sportsbooks as operators combined to report a solid $463.0 million betting handle.
The figure is the second-best for the state since the launch of regulated sports betting in September 2019, falling short of November’s record $463.7 million by a slight margin of $669,126. However, when compared to $313.0 million reported in the same period in 2020, the value of bets staked by Hoosiers in December was up by 47.9% year-on-year.
When it comes to revenue, Indiana licensees held $25.8 million of the total bets handled, translating to a win rate of 5.57%. The hold posted in December was a decrease of 45.9% from the record $47.7 million won in the month prior, but it was 6.2% higher than the $24.3 million reported in December 2020.
The revenue report further shows that the state of Indiana collected $2.4 million in sports betting taxes from operators in December, down by 46.7% from the $4.5 million collected in November.
Mobile sportsbooks generate over 91% of Indiana’s handle
According to the latest revenue numbers posted by the Indiana Gaming Commission (IGC), digital sportsbooks took in $422.8 million in bets for the month of December, which was 91.3% of the state’s overall betting handle.
Despite the impressive performance, the internet handle for December was down by 1.69% from the $430.1 million reported by online licensees in the month prior.
The sport that generated the most action in the month was basketball, thanks to a busy NBA schedule as well as a full month of college basketball. According to the IGC report, Hoosiers wagered $148.5 million on the sport in December, beating November’s handle of $132.1 million by 12.4%.
Football betting brought in $141.8 million in handle, up by 4.0% from the $136.3 million wagered in the previous month. Parlay cards generated the third-highest handle at $117.3 million, down from $120.0 million in November.
The handle for baseball dropped from $1.4 million in November to $54,132 in December, while other sports accounted for $52.8 million of sports wagers booked in the state during the month.
The figures for December pushed the state’s betting handle for the year 2021 to $3.8 billion, while the total revenue generated by the industry in the year tallied $306 million. Indiana also hit the $6 billion handle benchmark in December, which makes it the fifth state to achieve the feat after New Jersey, Nevada, Illinois, and Pennsylvania.
>h2>Which are the most popular sportsbooks in the Hoosier State?
Like in the previous months, DraftKings was the sportsbook of choice for most Hoosiers in December.
The brand, which partners with Ameristar Hotel Casino in East Chicago, took in $148.2 million in online sports wagers for the month to remain the top operator in Indiana in terms of handle. The value of bets taken by the sportsbook in November was $166.2 million, indicating a 10.8% decrease month-on-month. The licensee’s revenue for December was $6.4 million.
FanDuel Sportsbook retained the second spot after posting $120.5 million in internet handle, an increase of 9.7% from November’s $109.8 million. In terms of revenue, however, FanDuel had the highest hold in the state at $7.5 million. The sportsbook is tied to Boyd Gaming’s Blue Chip Casino in Michigan City.
BetMGM came in a distant third with $49.9 million in mobile handle and $3.6 million in gross wins, with Caesars following closely with $48.9 million in betting handle and $1.6 million in revenue.
The other mobile sportsbooks that reported more than $10 million in handle for the month were Barstool sportsbook ($16.6 million), BetRivers ($15.2 million), and PointsBet ($10.8 million).
Hollywood Casino Lawrenceburg posted the highest retail handle at $13.9 million, followed by Ameristar Casino at $5.7 million.
Join the Betting Planet team!
Are you passionate about sports betting? Sports news writers required TODAY!
Experienced preferred but not essential. (All apps considered).
View Careers at Race MediaTop Online Casinos
Latest Betting News
- Sabalenka secures year-end No.1 after Swiatek loses at WTA Finals
- ATP Finals field set after Djokovic withdraws from Turin
- Champions League: Milan trounce Real Madrid 3-1 in Spain
- Liverpool thrash Leverkusen 4-0 to top Champions League charts
- UCL: Sporting thrash Man City in Amorim’s final home game
- Bengals @ Ravens NFL Week 10 betting picks | Thursday, November 7
- Miocic says fans don’t want Jones v Aspinall at UFC 309
- WTA Finals: Sabalenka makes semi-finals, Rybakina eliminated
- Tennis: Zverev ends Humbert’s run at Paris Masters
- New Zealand win Mumbai Test to seal series whitewash in India
Casino Guides
- Safest online casino jurisdictions
- How to guides
- How to win at pokies
- How to play online pokies
- PaysafeCard online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- 32Red Casino Review
- All Slots Casino Review
- Boombet Casino review
- Horse racing games at casinos
- Credit card deposits at online casinos
- Films about blackjack
- Live dealer casinos
- How to play live dealer blackjack party
- Online Blackjack
- Top online casinos 2024
- Online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- PaysafeCard online casino deposits
- Online slots
- Playing Pai Gow Poker on the Internet
- Online keno
- Online poker
- Online poker tournament structures
- Real money online roulette 2024
- Online multi-wheel roulette – what is it?
- How to play online scratch cards in 2024
- Sit & Go online poker tournaments
- Skrill e-wallet deposits at online casinos
- Visa online casino deposits
Sports Betting Guides
Casino Games
Deposits & Withdrawals
Football
Basketball
Top Country Betting sites
- Angola
- Antigua and Barbuda
- Armenia
- Australia
- Azerbaijan
- Bahamas
- Barbados
- Belize
- Brazil
- Canada
- Dominican Republic
- Germany
- Ghana
- Grenada
- India
- Indonesia
- Italy
- Kenya
- Malaysia
- Malta
- Ireland
- Netherlands
- New Zealand
- Nigeria
- Norway
- Philippines
- Singapore
- South Africa
- Turkey
- Uganda
- Ukraine
- United Kingdom
- Vietnam
- Zambia
- Zimbabwe