National Football League and college games helped push Indiana sportsbook handle to $230.9 million with $21.1 million in revenue in October. Mobile handle hit $193 million, or 83.6 percent of total bets. Overall, sports wagering handle was 150 percent higher than $92 million in October 2019, according to Indiana Gaming Commission data. All despite Covid-19 limitations and few fans in the stands.
Dustin Gouker, lead analyst for PlayIndiana.com, said, “With a schedule that was more comparable to an ordinary October, Indiana’s sportsbooks fared well and offered a clearer read on where Indiana’s market stands. Interest in the Indianapolis Colts, Indiana University and Notre Dame is helping as the state transitions from a market that relies on Chicago to one that is more reliant on local bettors.”
Max Bichsel, group vice president of U.S. business for Gambling.com, added, “Indiana saw another record-breaking handle in October thanks to the NBA Finals, World Series and the return of Big Ten football happening simultaneously. October was a great month for sportsbooks who performed extremely well, meaning record-breaking revenue for the state.”
Bischel noted statewide, casino revenue fell 1.9 percent to $150 million from September to October. “While casinos haven’t quite returned to pre-pandemic numbers, sports betting taxes continue to climb,” Bichsel said.
