Indiana sportsbooks had a banner in September, handling $382.5 million in wagers from the Hoosiers and converting it to $51.2 million adjusted gross revenue (AGR) for tax purposes. This is the most money retained by sportsbooks in the state since they launched in September 2019.
Bettors flocked to place their wagers on NFL and MLB games, as well as other sporting events. Basketball is for from the first two but expected to rise this October due as the NBA regular season commences.
Indiana Sports Betting Last September
After having a rough stretch from April to July, where the handles consistently decline, sports betting Indiana have made a great bounce back in the last two months. It reported $238 million in August which is higher by more than 30 million compared to July, and posted a $382,507,081 million handle last September- a massive 60% jump over a month.
In addition, Indiana sportsbooks translated this handle to a record-breaking $51,173,153 adjusted revenue for a massive 13.4% hold. This is the second-highest hold in the state, just behind the 24.3% hold in September 2019 when there Indiana online sportsbooks are not yet available.
This makes sports betting in Indiana the eighth market to post a taxable revenue of at least $50 million. From the adjusted gaming revenue, the stated levied a total of $4,861,450 in taxes.
Indiana Sports Bets
Football wagers emerge as the top sport in terms of the amount wagered with $153.9 million, followed by Baseball bets with $108.7 million. Football wagers accounted for more than 40% of the total bets in the state.
The start of the NFL regular season and College Football has been a great lift for the Hoosier state while the MLB is still adding to the numbers. Basketball is far from the leading sport as the NBA is still on break but expected to rise this October as the regular season begins.
Indiana Leading Sportsbooks
In terms of gross receipts, FanDuel reclaims its spot as the top Indiana Sportsbook. It posted a $16,567,506 receipts for the month, from the $108,091,701 handle. While DraftKings sportsbook secured $13,677,167 gross receipts from a higher handle of $131,530,020.
BetMGM had a $37,700,976 handle and $5,258,452 gross receipts while Barstoll’s $14,145,749 handle was translated to $1,641,119 receipts.
