Indiana November Sports Betting Handle Soars
Indiana Sports wagering set a new record with its November handle.
Indiana sports betting continues to enjoy massive growth, as both handle and revenue soared once again in November, setting new records for both in the process. Sports betting launched in Indiana around 14 months ago and has now reached a new high in terms of handle with $251.4 million in November. This was a jump of 8.9% from October’s 230.9 million, which itself at the time was a new record. Last month’s handle was up 70.7% in terms of a year-on-year comparison, compared with November’s 2019 total of $147.3 million.
The adjusted gross revenue for November 2020 in the Hoosier State was also a record, $25.3 million, which was an increase of 20.1% from the October total of $21.1 million. Additionally, this was up 172.4% from November 2019’s total of $9.3 million.
Mobile sports betting also enjoyed a fruitful November in Indiana. The figures for mobile sports betting were $213.7 million, up 10.7% from October’s $193 million and a huge increase of 122.1% from November 2019’s $96.2 million. Mobile betting continues to be popular among bettors, and it accounted for 85% of Indiana’s total sports betting market in November 2020. The Indiana Gaming Commission has released these figures.
Other Notable Numbers in Indiana
Regarding individual online sportsbooks, DraftKings and FanDuel remained on top. DraftKings has a partnership with the Ameristar Casino, while FanDuel has an agreement with Blue Chip Casino. Their combined figures made up 63.4% of the total mobile sports wagering market in November. The DraftKings handle was $95.2 million, with FanDuel not far behind with a total handle of $64.2 million.
Football remained the dominant sport in terms of activity, bringing in a handle of $113.48 million. Parlays accounted for $66.05 million and ‘other’ bets $53.29 million.
Regarding the overall Indiana gambling market, the total casino win was $148.2 million last month. This was a decrease of 11% from October’s total of $166.6 million. The taxable adjusted gaming revenue for November was $133.3, which was a decrease from the previous month.
888 Launching in Indiana in 2021
A big name in the international gaming community, 888 Holdings, operator of 888sport in the U.S. market, revealed earlier this month that they would enter the Indiana sports betting industry next year. The company announced it had signed a multi-year agreement with Caesars Entertainment’s Harrah’s Hoosier Park.
As well as Indiana, 888sport will also launch a platform in Iowa and Colorado, signing deals with the Catfish Bend Casinos II LLC in Iowa and the Grande Casino in Colorado. Including those three states, 888sport will have a presence in six states. The other three states are New Jersey, Nevada, and Delaware.
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