New High for Indiana Sportsbooks

Legalized sports betting in Indiana began in September 2019. (IIB Photo/Wes Mills)

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Indiana sportsbooks are one step closer to busting the half-billion-dollar mark for monthly sports betting. The Indiana Gaming Commission says bettors placed more than $460 million in wagers in October, which is a new one-month high according to gaming analysts.

The previous high was set In September when customers placed $355 million in bets.

“Five full weekends of the NFL and college football, the opening of the NBA season, and baseball’s postseason gave sportsbooks a rare convergence of betting inventory in October,” said Jake Garza, an analyst for PlayIndiana.com. “To surpass the previous record by so much shows an increasing base of bettors, too.”

PlayIndiana says the state took in $2.6 million in tax revenue in October. Since the sportsbook launch in 2019, Indiana has received approximately $78 million for state coffers.