Indiana Hits Record Betting Handle in November
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The Hoosier State continues to put up impressive numbers from the sports betting industry. The Indiana Gaming Commission released its report last week and reported that $250,872,627 was bet in November, breaking the betting handle record for a third straight month.
The Hoosier State had the fifth-largest betting handle for November. Despite the majority of the month being football only, the state continues to put up impressive numbers. College basketball did begin the day before Thanksgiving last month, which did help the state since basketball is one of the more popular sports in Indiana.
Indiana will look to continue the success through the winter and try to make it four straight record-setting months with football and basketball geared up for the final month of 2020.
Indiana by the Numbers
Indiana saw the sports betting handle hit $250.9 million in November and also collected $2,406,551 in taxes for the month. The state’s YTD betting handle is now at $924,227,148 for the year and will most likely get them over the $1 billion mark in 2020.
These numbers also come in a year when the coronavirus pandemic shut the sports world down for a few months, making the betting year for Indiana that much more impressive.
Football and basketball were the two sports major playing in the month. Football led the way with a $113.5 million betting handle, and basketball had a $17.7 million betting handle. Parlays and ‘Other’ sports combine for $119.2 million of the betting handle.
DraftKings Sportsbook, located at the Ameristar Casino in East Chicago, had the largest handle among the state’s sportsbooks. DraftKings saw $103.7 million in bets through its sportsbook and mobile betting app.
The next highest was FanDuel Sportsbook at the Blue Chip Casino, which saw $66 million in bets for the month, and BetMGM at Belterra Casino rounded out the top three. BetMGM had a $26.2 million betting handle in November.
Indiana did not have in-person, and mobile betting splits in the report. If the Hoosier State is similar to other states, then there is a good chance that nearly 90% of the bets came in on mobile devices due to casinos and sportsbooks operating at limited capacity.
Can Indiana Continue the Success?
With another month of football and college basketball to capitalize on, Indiana should finish off 2020 strong and potentially break another handle record for a fifth straight month. The NBA is also set to return on December 22, so other sports bettors will be looking to get action on.
Basketball and football are the two most popular sports in Indiana, and the state will have a full month of college and pro ball to take advantage of.
With the Hoosier State being less than $100 million away from hitting the $1 billion mark for the year, it is most likely the state will be able to hit that achievement in 2020. This year was the first full year of sports betting in Indiana, which makes the feat more impressive, especially with COVID-19 still being an issue in the U.S.
Look for a final strong month out of Indiana. With nine sportsbooks operating in the state, there is no reason for it not to hit a fifth straight record month to cap off 2020.
