The sports betting states of the US continue to grow even during the pandemic. The Indiana gaming commission reported that the licensed sportsbooks handled a record of $251.4mn in November, more than October’s $231mn and the third straight month of the surge.
Mobile betting accounted for 85% of the sum.
The betting revenue of Indiana is record-setting with $25.3mn in November, $4.2mn more than October. DraftKings and FanDuel combined two-thirds of the state’s revenue.
In Iowa, the Iowa Racing and Gaming Commission betting licenses recorded $87.2mn in November up from $82mn in October. Digital channels accounted for $62.4mn (71.5%). However, the revenue fell by $1.1mn from $8.1mn in October.
In West Virginia, the betting handle for the four weeks ending on November 28 totaled $48.5mn. it is an 8.7% increase from the last four weeks. The revenue of November has also gained by 17.8% to $4.4mn.
The legal online casino market of West Virginia did well in November as well. The revenue rose by 30.3% to $2.1mn on a month-to-month comparison.
However, it did not go well for the lottery-based digital monopoly states. Oregon reported a betting handle of $25mn in November, down from $29.4mn in October. However, the betting revenue improved from $2.75mn to $4.1mn for the same period.
For DC, the handle fell by 7% in November to $3.9mn.
Inspirational Link: https://calvinayre.com/2020/12/15/business/us-sports-betting-november-iowa-indiana-west-virginia/
