Indiana reports a record $614 million monthly sports betting handle

Sunday, December 15, 2024 7:30 PM
Photo:  By John Mac - https://www.flickr.com/photos/johnmac612/53857358031/, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=150373696
  • Mia Doyle, Special to CDC Gaming

Indiana’s sportsbooks brought in a record-breaking handle in November, with bettors wagering more than $614 million during the month, which is 14.2 percent higher than the previous record of $538 million set in October, the Indiana Gaming Commission has reported, while casino revenues were more than $186 million, an 8 percent year-over-year increase from last November.

After payouts, sportsbooks collected almost $69 million in revenue, meaning the hold was around 11 percent. This total is almost double the $35 million collected in October. Last November, revenue was $31 million from a $514 million handle.

Blue Chip Casino, which operates the FanDuel online sportsbook, reported the highest monthly handle of $215 million, marking an increase of around 19.6 percent from October. The operator overtook the previous leader, DraftKings, which operates through a partnership with Ameristar Casino. Ameristar reported a nearly $207 million handle, 6.3 percent higher than its October total.

Horseshoe Hammond saw the most significant month-over-month handle increase of 41 percent.

 

Mia Doyle is a news writer for Major League Content, covering the latest stories across the casino and sports betting industry. Mia’s specialties include US gambling business, casino technology, and legislation news. Mia also likes to write about responsible gambling and social responsibility.