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Indiana posts year-on-year sports betting decline in October

| By Robert Fletcher
Sports betting handle and revenue in Indiana both fell year-on-year in October, although the US state did report month-on-month growth.
Indiana October

Player spending on betting in October amounted to $429.7m (£349.9m/€401.6m). This was 3.7% less than $446.2m in Indiana last year but 6.3% ahead of $404.1m in September 2023.

With the 2023 NFL season now in full swing, it was little surprise that football drew the most bets. Some $153.3m was wagered on football in Indiana in October.

Indiana players also spent $142.3m on parlay bets, as well as $38.3m on basketball betting, $27.4m baseball and $68.0m across other sports.

Turning to taxable adjusted gross revenue, this declined 3.6% from $46.9m in October 2022 to $45.2m this year. The monthly total, however, was 10.0% higher than September’s $41.1m.

Ameristar Casino and DraftKings lead in Indiana… just

As was the case in September, Ameristar Casino and DraftKings remained the frontrunners in Indiana in October. The partnership generated $17.8m from $172.8m in bets, both of which were the highest in the state.

Blue Chip Casino and FanDuel led in Indiana prior to Ameristar Casino and DraftKings taking the lead. For October, Blue Chip Casino and FanDuel posted $17.4m in revenue off a handle of $147.1m.

Belterra Casino, another FanDuel partner, completed the state’s top three. Revenue from this partnership was $3.7m, with customer spending on betting at $36.7m.

As for tax, Indiana collected $4.3m in sports betting tax in October.

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