The Indiana sports betting market set new records for betting processing and revenue in January.
According to the Indiana Gaming Commission latest figures (IGC), sports betting handle in Hoosier State, hit a new record of $ 348.2 million in January.
The January handle is a significant increase from the previous record of $ 313.1 million reported in December 2020. This is also the fifth straight month that the Hoosier State sports betting broke their handle record.
At this time last year, Indiana sports betting processed only $ 171 million in legal sports betting.
Sports betting in Indiana also set a new sales record in January after generating $ 29.3 million in sports betting revenues. Sales in January were 15.8% above the previous record of $ 25.3 million in November 2020.
Online betting was again the most popular way of betting in January. Online sports betting accounted for $ 296 million of the total bets placed in Indiana.
As each operator has performed
Ameristar Casino, partnering with DraftKings for sports betting, has completed $ 134.4 million in sports betting, with $ 122.6 million wagered through the DraftKings online sportsbook. The licensee had total sales of USD 10.7 million in sports betting.
Blue Chip Casino and its sports betting partner FanDuel finished second in January after posting $ 6.2 million in revenue from bets of $ 90.6 million. FanDuel's online sports betting accounted for $ 89.2 million of the licensee's handle.
Belterra Casino and its BetMGM sportsbook took third place after processing bets of $ 57 million and generating revenues of $ 5 million. Similar to the state's other operators, online sports betting made up the bulk of the betting after bettors staked $ 52.4 million on the online BetMGM platform.
Penn National Gaming's Hollywood Lawrenceburg was the only other operator in the state to have sales in excess of $ 1 million. According to the report, the licensee earned $ 3.2 million from sports betting of $ 26.8 million.
What did people bet on?
According to the state report, basketball was the most popular sport bet on in Indiana in January after residents wagered $ 133.2 million on basketball events.
Bettors, in the state, bet $ 77.3 million on football events and only $ 56,797 on baseball games.
Parlay bets accounted for $ 86.1 million in the state's January handle, while bettors bet $ 50.3 million on other sports.