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Indiana sports betting handle hits record $513.7m in November

| By Robert Fletcher
Players in Indiana spent $513.7m (£406.6m/€471.8m) betting on sports in November, a new monthly record for the Hoosier State.
Indiana November

The November total edged out the existing Indiana record of $500.1m set in January 2022 by 2.7%. This was also up 13.6% from $452.3m in November 2022 and 19.6% higher than $429.7m in October this year.

Basketball drew the most wagers at $145.7m, helped by the start of the new NBA season in late October. 

American football bets hit $136.9m and baseball $1.1m. A further $169.8m was spent on parlay bets and $59.8m betting on other sports.

In terms of taxable adjusted gross revenue, this reached $30.7m in Indiana in November. This was 23.3% behind $40.0m in the same month last year and 32.1% behind October’s $45.2m haul.

Blue Chip Casino and FanDuel regain the lead in Indiana

Breaking down operator performance, Blue Chip Casino and FanDuel returned to the front of the pack. The partnerships heralded $12.4m in revenue from $176.3m in bets in November.

Ameristar Casino and DraftKings, which led in October, slipped to second with $10.5m worth of revenue. However, players wagered more here, with monthly handle reaching $190.5m.

Belterra Casino, another FanDuel partner, ranked third with revenue of $1.9m. This came from $38.1m in bets during November.

As for tax, Indiana collected $2.9m in sports betting tax in November.

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