Boosted by Basketball, Indiana Again Sets Sports Betting Mark

Boosted by Basketball, Indiana Again Sets Sports Betting Mark
© USA Today

Indiana set a new state record for sports wagering handle in January at $348.2 million with the vast majority of it done through online betting. It was the fifth consecutive month that Indiana sports betting handle set a record.

Driven by the NBA and college basketball seasons ramping up and the NFL Playoffs starting, the January sports betting handle in Indiana eclipsed the old record set the previous month of $313.1 million for a month-to-increase of 11.2%. In the year-over-year comparison (from January 2020 to last month), the increase was 103.9% from $170.8 million.

CHECK OUT: Top Indiana sportsbooks

Of the monthly overall sports wagering handle total of $348.2 million, 87%, was done online ($303.1 million). The January 2021 online handle was an increase of 12.6% from December 2020 ($269.2 million) and up 145.7% from January 2020 ($123.4 million), according to the report posted Friday by the Indiana Gaming Commission.

The state collected $2.78 million in taxes from January’s action. That was up 20.7% from December 2020 ($2.3 million) and up 128.1% from January 2020 ($1.2 million). Total tax money collected from gaming in Indiana for January was $49.6 million including the wagering tax ($43.5 million), supplemental tax ($3.3 million) and the sports wagering tax.

As for revenue, the January taxable gross revenue for sports wagering was $29.3 million, up 20.7% from December’s AGR of $24.3 million and up 128.1% from January 2020 ($12.8 million). The revenue figures for January indicate a hold of about 8.4%.

For Indiana casinos overall, the total win (tables and slots) was $167.6 million, up 10.8% from December ($151.2 million). Taxable AGR for gaming was $156.8 up 12.7% from December ($139.1 million).

Indiana Sports Betting Revenue & Handle, January vs December

Total handleMobile handleRevenue (taxable AGR)
ChangeUp 11.2%Up 12.6%Up 20.7%

Basketball-Crazy State

Among sports, the Hoosier State lived up to its reputation as a hoops hotbed with basketball attracting the most handle, $133.3 million. Parlay bets was the second category in handle with $86.1 million. Football (NFL and college) was third ($77.6 million). The rest of the handle was attracted by “other” ($50.3 million) and baseball ($56,797).

For Colts fans, the season ended on Jan. 9 with a 27-24 loss to the Buffalo Bills in the wild-card round of the NFL Playoffs. But February’s numbers should reflect Super Bowl wagering, which was up significantly in the U.S. over last year.

Basketball should continue to drive wagering in February and especially with March Madness betting as college basketball's conference tournaments set the stage for the NCAA Tournament. In January, the NCAA announced that the entire Division I men’s basketball tournament would be played in Indiana.

As far as the NBA is concerned, the Indiana Pacers are in the middle of the Eastern Conference playoff race. They sit fifth in the conference going into Friday's games.

Top Sportsbooks in Indiana

Among sportsbooks, DraftKings and FanDuel continued to dominate in Indiana in January.

DraftKings, affiliated with Ameristar Casino (East Chicago), had $122.6 million in total handle in January, up from $112.7 million in December handle. FanDuel, partnered with Blue Chip Casino (Michigan City), had a January handle of $89.2 million, an increase of more than $10 million from December’s total.

BetMGM, in association with Belterra Casino in Florence, showed a January handle of $52.4 million while PointsBet (Hollywood Casino Lawrence) had a handle of $13.5 million and BetRivers (French Lick Resort) showed $9 million in handle for January.

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