Indiana November Sports Betting Handle Hits Record $251.4M

Indiana November Sports Betting Handle Hits Record $251.4M
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Indiana sports wagering continued to enjoy growth in handle and revenue in November, establishing new highwater marks in both categories.

Sports betting in Indiana, which began about 14 months ago, reached a record handle of $251.4 million in November. That was an increase of 8.9% from October ($230.9 million), which was then a record. The recent November handle was up 70.7% in the year-to-year comparison with November 2019 ($147.3 million).

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Indiana's adjusted gross revenue for November 2020 was also a record, $25.3 million, an increase of 20.1% from October ($21.1 million), and up 172.4% from November 2019 ($9.3 million).

November's mobile sports betting total was $213.7 million, up 10.7% from October ($193 million) and up 122.1% from November 2019 ($96.2 million). The mobile handle accounted for 85% of Indiana’s total sports wagering market in November 2020, according to the November report from the Indiana Gaming Commission.

Indiana Sports Betting Revenue & Handle, November vs. October

Total handleMobile handleRevenue (taxable AGR)
ChangeUp 8.9%Up 10.7%Up 20.1%

Other Key Numbers in Indiana

Among individual Indiana online sports books, DraftKings and FanDuel remained the dominant players.

DraftKings is affiliated with Ameristar Casino (East Chicago) and FanDuel is with Blue Chip Casino (Michigan City). Combined, DraftKings and FanDuel accounted for about 63.4% of the total mobile sports wagering market in November. The DraftKings handle was about $95.2 million and the FanDuel handle was about $64.2 million.

Among individual sports, football was the obvious runaway leader, attracting a handle of $113.48 million, followed by parlays ($66.05 million) and “other” ($53.29 million).

Looking at the larger Indiana gambling market, total casino win (tables plus slots) was $148.2 million in November 2020. That was down 11% from the previous month ($166.6 million). The taxable adjusted gaming revenue for November was $133.3 million, down 10.8% from October ($149.4 million).

888 Coming to Indiana in 2021

International gaming company 888 Holdings, which operates in the US market, announced on Dec. 2 that it will enter the Indiana sports betting market in 2021.

The company said it reached a multiyear agreement with Caesars Entertainment’s Harrah's Hoosier Park in Anderson, about 30 miles northeast of Indianapolis.

In addition to Indiana, 888sport US will also enter the Colorado and Iowa sports betting markets, agreeing to partnerships with the Grande Casino in Cripple Creek, Colorado and Catfish Bend Casinos II LLC in Burlington, Iowa.

With those three states, 888sport will have a presence in six states, joining the Delaware, Nevada and New Jersey online casino gambling markets. 888Holdings, listed on the London Stock Exchange, is based in Gibraltar.