The recently regulated sports betting market in Indiana has shown significant growth in November. The state’s sportsbooks posted a 60.9% increase in handle in November.
The 11 licensed gambling facilities that have launched sports betting operations reported an overall betting handle of $145.496 million. In October, the overall betting handle was $90.439 million.
The majority of the sports betting revenue comes from the state’s three casinos, Ameristar East Chicago, Blue Chip Casino, and Horseshoe Hammond. It should be noted that the three consistently best-performing sportsbooks are closest to Chicago which is already battling to have a feasible casino project.
While the Draftkings sportsbook at Ameristar East Chicago reported $72.071 million total handle the Blue Chip casino posted $28.198 million.
Online Betting Is The Key
The majority – 80 percent of the bets at the two top-grossing sportsbooks were placed online. Ameristar East Chicago, a DraftKings partner, grossed 88.9% of its November handle through mobile.
The fact that mobile sports betting is the key is also evident from the fact that the sportsbook at Caesars’ Horseshoe Hammond casino despite being relatively closer to Chicago reported a betting handle of just $12.9 million in November.
The three top sportsbooks DraftKings, FanDuel, and BetRivers Online together pulled in 65 percent of the state’s handle.
Indiana launched mobile sports betting earlier in October. State governor Eric Holcomb had signed sports betting legalization bill in May paving way for the first major change in the gambling landscape in the city since 1993 when two riverboat casinos were first authorized in Indiana.
In October, the total betting handle tripled when compared with what the state saw in sports betting handle for September when it launched regulated sports betting operations. It was in October that the state’s sportsbook launched mobile betting operations.