Indiana sports betting handle has continued to grow through November. On Tuesday, Indiana Gaming Commission (IGC) announced that the revenue reported by sportsbooks in November was $147.3 million. This represents a 61 percent growth from the previous month’s revenue of $91.7 million. The increase was more prominent in football betting, which recorded a 40 percent growth on the month to month basis; basketball also posted a big leap.
November was the first month of the NBA and college basketball, and Indiana sportsbooks received a total stake of $33.6 million, which is more than five-time increase from the previous month. The amount is also higher than the combined months of October and September, when the sports betting formally commenced in the state. However, the taxable adjusted gross revenue (AGR) has remained dormant. In November, the AGR was $9.3 million, which is lower than October’s $11.5 taxable revenue. The state revenue share in November was $883,361, a decline from $1.1 million in the previous month.
Casino.org reported that mobile sports betting continued to dominate the sports betting industry in Indiana. Three of the state’s mobile application posted a third of all money wagered in November. DraftKings led once again among sportsbooks, followed by FanDuel. DraftKings’ online app, which is tied to Ameristar Casino in East Chicago, reported a total handle of 64.1 million and revenue of $4.3 million while the FanDuel Blue Chip app handle generated $23.7 and revenue of $1.7 million. Rush Street app BetRivers posted a handle of $8.4 million and $476, 284 in revenues.
Although mobile sports betting registered the most significant growth, retail sportsbooks also posted growth in November. Horseshoe Hammond took $13 million in stakes, which is above October’s $10.7 million. Hollywood Lawrenceburg revenue leapt from $1.9 million to $8.8 million in November handle.