Indiana Sports Betting Handle Sets Record

The Indiana sports betting handle for the month of October hits a record breaking $230.9 million. Many sports betting software users attribute a huge spurt for October due to a good NFL season. In the case of Indiana, we are seeing an 11.3% increase from September’s $207.45 million.

Most of sports betting done in Indiana is through online sportsbooks. With online sports betting rising steadily over the years, it comes as no surprise that many would want to open a sportsbook of their own. It is, after all, a profitable venture that you can do from anywhere in the world.

Indiana Sports Betting

Indiana Sports Betting Handle Sets RecordIndiana’s mobile wagering total for the month is $193 million. This is 7.9% higher than the previous month of $179 million. If we look at the year-on-year data, the growth is quite large, with a 302% increase. October 2019’s mobile handle is only $48 million. Going back to the present, all wagers made online comprise 83.6% of the total handle for the month.

Meanwhile, the adjusted gross revenue is $21 million. This is 47.7% higher than September’s $14.28 million. As for casino gaming, the total for the month is at $166.6 million. This is 2% lower than September’s $170 million.

What Drives the Market

Of course, much of the credit, as mentioned earlier, goes to football season. Football accounts for $84.71 million of the handle for October, especially with the Colts and Hoosiers to bet on. Baseball is the second most popular sport with a $26.59 million handle, with basketball at third with $10.8 million. Other sports come in at $61.12 million.

The Indiana sports betting market celebrated its first year anniversary last September 1. Another thing worth celebrating, is the state hitting its $1 billion total handle in July this year. With online betting options being more accessible, plus a lot of exciting sports for Indiana residents to bet on, experts are seeing good numbers in the near future.

 

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