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Indiana Sportsbooks Post $463 Million Handle in December

Indiana betting news

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.

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