Indiana breaks sports betting handle record in October

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Sportsbooks in Indiana have broken the state record for betting volume for the second consecutive month, after taking $461m in bets throughout October.

The previous record, set in September, was just $355.4m. 

In October, operators made an adjusted gross revenue (AGR) from sports betting of $27.7m, and paid $2.6m in sports wagering taxes. 

These figures are lower than those recorded in September, during which operators generated a taxable AGR of $33.9m and paid $3.2m in sports wagering taxes.

In October, the Ameristar Casino continued to take in the greatest volume of bets, at $160.1m in handle. This was followed by Blue Chip, in partnership with FanDuel, on $114.7m, and Belterra Casino, also with FanDuel, on $49.9m. 

Harrah’s Hoosier Park and Hollywood Lawrenceburg also brought in between $45m and $50m each in handle, while the remaining 7 sports betting licensees brought in $15m or less.

Football proved to be the most popular sport for betting, with $175.8m in wagers placed during October. 

Parlay bets accounted for $127.6m of the handle, with basketball, baseball, and other sports accounting for $53.5m, $34.8m and $67.1m, respectively.

Wagers on basketball increased dramatically following the return of the NBA in October, after a short hiatus. In September, Indiana recorded just $5.2m in wagers on basketball, less than one tenth of October’s total.

These figures brought Indiana’s sports betting handle for the fiscal year-to-date (beginning 1 July) to $1.21bn, and made the state the fifth in the US to surpass $5bn in legal sports betting handle since the market’s launch in 2019.

About the author

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Conor Mulheir

Conor entered the gaming industry in 2018 producing high-level live event content for audiences in London, Amsterdam and São Paulo. From 2020, he went on to report news and commission exclusive content for various gaming media brands before joining iGaming NEXT as editor in January 2022.

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