Indiana set another sports betting record during November. Gamblers in the state bet nearly half a billion dollars on sports throughout the month.
Indiana sportsbooks racked up $463 million worth of bets — a small step up from October’s $461 million in total wagers.
That huge number made November the third-straight record month for IN sports betting.
Indiana November 2021 sports betting handle
The vast majority of Indiana’s November handle came from online sports betting.
DraftKings was the most popular betting app last month, with over $166 million worth of wagers.
Indiana sportsbooks also saw record revenue numbers throughout November. Their $47.6 million worth of adjusted gross revenue easily beat out the previous record of $33.8 million.
|Licensee||Online Brand(s)||Total Handle||Online Handle||Retail Handle||Gross Revenue||Taxes (9.5%)|
|Ameristar East Chicago||DraftKings | theScore Bet||$174,803,943||$168,470,582||$6,333,361||$13,590,059||$1,291,072|
|Belterra||BetMGM | Betway||$48,649,388||$47,842,439||$806,949||$4,545,138||$431,795|
|Hollywood Lawrenceburg||PointsBet | Barstool||$42,400,645||$29,658,431||$12,742,214||$4,734,889||$449,833|
|Harrah's Hoosier Park||Caesars||$48,683,586||$43,890,205||$4,793,381||$3,718,093||$344,429|
|Rising Star||TwinSpires | WynnBet||$5,521,387||$5,300,374||$221,013||$534,669||$44,953|
|Caesars Southern Indiana||$3,421,291||$0||$3,421,291||$611,900||$39,127|
Hoosiers are betting on basketball
The state can thank the return of hoops for the bump in its numbers — basketball really moves the needle at Hoosier sportsbooks. That’s particularly true when it comes to college basketball betting, which is finally back in full swing.
It certainly helps that Purdue University is the No. 1-ranked team in the country right now, and the Boilermakers are attracting a ton of betting interest. Having such a good team within state lines also attracts heaps of casual fans that like betting on Purdue.
In general, basketball’s numbers took a big leap last month. Hoosiers wagered over $53 million on basketball during October; that number shot up to $132 million in November.
Basketball betting nearly beat out football’s handle last month.
- Football: $136 million
- Basketball: $132 mllion
- Baseball: $1 million
- Parlay: $120 million
- Other: $69 million
Purdue is the shining star, but other college basketball teams from Indiana have been worth watching.
Trayce Jackson-Davis is one of the leading scorers in the country for IU Basketball. Butler and Notre Dame have also put together fun squads of their own, helping drive betting interest in Indiana. College basketball’s popularity could help drive Indiana sports betting toward another record month in December.
New record for Indiana handle in November 2021
Indiana’s market has come a long way since this time last year.
The state racked up a $251 million handle in November 2020. That’s nothing to sneeze at, but it’s also barely half of November 2021’s $463 million haul. Those numbers are massive, but what do they mean for Indiana?
That $463 million handle translated to over $47.6 million worth of revenue for the sportsbooks taking wagers. Those companies have made over $400 million of Indiana sports betting revenue since 2019.
November’s handle also created $4.5 million worth of taxes for the state. That pushed Indiana’s lifetime tax revenue over the $40 million mark.
Growth has been the status quo for Indiana this year, but new competition from its neighbors could make that more difficult in the future.
What’s next for Indiana sports betting?
It’s been a wildly successful year for sports betting in the Hoosier State.
Indiana gamblers have wagered over $3.3 billion on sports just during 2021. That doesn’t even include December’s numbers since the Indiana Gaming Commission won’t release this month’s data until January.
Regardless, that handle makes Indiana one of the largest sports betting markets in the US.
The numbers are impressive, but they could become harder to maintain going forward.
Indiana’s next-door neighbors will be coming for their pieces of the Midwest sports betting pie.
Illinois will have online sportsbook registration again this spring. Michigan’s market isn’t going anywhere either.
Ohio is the bigger hitter since the state is finally about to join the sports betting party. Once it does, there will be no need for gamblers in the state to travel to Indiana to place their bets.
That might make future growth more of an uphill battle, but Indiana has already proven its ability to hold strong despite nearby competition.
Even with Illinois approaching $1 billion in monthly sports wagers, Indiana still spent the fall months reaching new heights of its own.
November’s $463 million handle made for another great month of Indiana betting. With basketball going at full steam and the NFL well into its season, December should be another huge month for the state.