Sports betting surpasses $10B mark in Indiana
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More than $450 million in wagers were placed last month at Indiana’s sportsbooks, which helped the state hit a key milestone for sports betting. According to PlayIndiana.com, November’s handle put the total amount of sports betting wagers past the $10 billion mark since 2019.
The November numbers created just over $3 million in taxes for the state and nearly $40 million revenue for gambling companies.
Football and basketball saw the highest amount of wagers at $137 million and $124 million, respectively. PlayIndiana says a full month of NBA games combined with the return of college hoops helped the state grow from just $57 million in basketball bets in October.
For the overall numbers, the $10 billion in wagers has generated more than $800 million in revenue for gambling companies and nearly $80 million in taxes for the state, according to PlayIndiana.
Additionally, the Indiana Gaming Commission says Hoosier casinos recorded $196 million in total revenue for November, down slightly from $207 million the previous month.
Hard Rock Casino Northern Indiana in Gary, which opened in May 2021, was the highest-earning casino with more than $35 million in revenue. Horseshoe Indianapolis and Horseshoe Hammond followed at $28 million and $26 million, respectively.