The latest monthly revenue report from the Indiana Gaming Commission has revealed that the state’s gamblers helped sports betting operators set another monthly record by placing $463.7 million in wagers during November.
The latest sports betting handle only represents a slight 0.58% increase on October’s figure but is, nevertheless, the highest amount wagered in a single month since the industry’s launch in September 2019.
The market leader was once again the Ameristar Casino as its sportsbook accepted more than $174.8 million in wagers during the month accounting for 37.8% of all bets placed in the state. $168.8 million of this total came through the casino operator’s mobile sports betting partnerships with DraftKings and theScore. Meanwhile retail bets amounted to just $6.3 million during the month.
Blue Chip Casino continues to hold second place in the market with an overall handle of $110.6 million, more than double its nearest competitor, Harrah’s Hoosier Park, that accepted $48.7 million during the month.
Retail sports betting saw Hollywood Lawrenceburg retains its place as the market leader as its sportsbook accepted over $12.7 million, a drop of $3.1 million on the previous month’s figures.
Blue Chip Casino continues to lead the market in terms of adjusted gross revenue (AGR) with the operator posting $15.7 million, a jump of 65.2% on October’s AGR.
The report shows that the state’s licensed sports betting operators posted combined AGR of $47.6 million, a significant increase of 71.8% on October’s AGR of $27.7 million. As a result, state taxes from sports betting for the month of November amounted to $4.5 million, up over 40% on the previous month.
Football continues as the most popular sport attracting $136.3 million in wagers while basketball came a close second with over $132 million in bets throughout November.
Image credit: Baishampayan Ghose / CC BY-SA 2.0
London based reporter covering all aspects of the global regulated and unregulated land-based and online gambling industry - including business news, sports-betting, casinos, poker & regulation