- Indiana’s sportsbooks saw their best month ever from a handle perspective during October, raking in $461.1 million in combined sports betting handle during the month.
- October’s sports betting handle broke the previous record, established just a month before in September, by nearly $105 million.
INDIANAPOLIS – Indiana’s sports betting industry enjoyed its best month ever in terms of overall betting handle in October, according to figures released by the Indiana Gaming Commission on Friday.
The report listed a combined total handle for Indiana’s legal sports betting industry of $461.1 million in October, the first time the state broke the $400 million mark since launching in September 2019.
October’s handle surpassed Indiana’s previous record – set just a month prior in September – by nearly $105 million.
The handle equated to a total revenue of $27.7 million across all of the state’s sportsbooks; the state collected $2.6 million in taxes during the month. This is down $6 million from September despite the record handle.
The top-grossing land-based sportsbooks were located near the border of states without an existing land-based sports betting industry – Hollywood Lawrenceburg, the nearest sportsbook to Cincinnati, reported a handle of $15.6 million.
While the land-based sportsbooks of Indiana recorded solid months, online sportsbooks continued to dominate the Indiana sports betting scene. DraftKings Sportsbook continued its run as Indiana’s top online sportsbook by accumulating a $150.7 million online handle in October, the most of any of Indiana’s online sportsbooks.
FanDuel was not far behind in the handle department, breaking the $100 million mark for the first time as it racked up a $113.3 million online handle in October.
Despite FanDuel seeing almost $40 million less in handle than DraftKings, the former outpaced the latter when it came to revenue: FanDuel reported $9.6 million in revenue while DraftKings reported $7.8 million.
BetMGM ($47.7 million in handle) and Caesars Sportsbook ($40.3 million) rounded out the top four online operators during October in Indiana.
Jerad has been a welcomed addition to the LegalSportsBetting.com writing team. Covering topics regarding the expansion of sports betting in the US, Jerad focuses on legislative efforts, bill signings and other methods for sports betting legalization. Finishing his education as a college baseball player, Jerad has first-hand knowledge of competitive sports, paired with years of personal sports betting as well. As a political science major at the University of Central Florida, Jerad covers the political, legal, and legislative aspects of sports gambling without any issues.