Indiana Sports Betting Finishes 2021 With Near-Record Month

Indiana sports betting capped off a year of significant growth with a big December.

Hoosiers wagered $463.0 million during December, according to an Indiana Gaming Commission report released last week. That is just shy of the record $463.7 million wagered in November 2021.

The December bets bring the total Indiana sports betting handle in 2021 to $3.8 billion, which is a 116.4% increase from $1.8 billion in 2020. The December 2021 handle total was a 47.9% uptick from $313.1 million in December 2020.

Indiana sports betting revenue drops

Indiana sportsbooks generated just more than $26 million in revenue, a 5.6% hold. The total was down 45.5% from November’s record $47.7 million in revenue, a 10.3% hold. It is nearly on par with the $27.7 million sportsbooks generated off $461.1 million in October 2021, a 6% hold.

The state collected $2.5 million off Indiana sports betting revenue in December.

In total for 2021, sportsbooks generated $307.6 million in revenue, up 125.5% compared to the $136.4 million in the year prior. The state collected $29.0 million in taxes during 2021, up from $13.2 million in 2020.

Online IN sports betting stays hot

Indiana sports bettors bet $422.8 million online, or 91.3% of the total handle in December.

Of the $40.2 million wagered at retail sportsbooks, Hollywood Lawrenceburg pulled in $13.9 million in bets to remain one of the top retail sportsbooks in US sports betting.

DraftKings tops Indiana sportsbooks

DraftKings Sportsbook controlled 35% of the online market in Indiana, drawing $148.2 million in bets. FanDuel Sportsbook took in 28.5% of the market with $120.5 million in bets and led the revenue column generating $7.5 million.

BetMGM and Caesars remained neck-and-neck for third place. BetMGM took $49.9 million in bets, while Caesars handled $48.9 million.

Online Sportsbook Handle Revenue Hold Market Share
DraftKings $148.2 million $6.4 million 4.3% 35.0%
FanDuel $120.5 million $7.5 million 6.2% 28.5%
BetMGM $49.9 million $3.6 million 7.2% 11.8%
Caesars $48.9 million $1.6 million 3.3% 11.6%
Barstool $16.6 million $1.1 million 6.6% 3.9%
BetRivers $15.2 million $1.0 million 6.6% 3.6%
PointsBet $10.8 million $781,348 7.2% 2.6%
WynnBet $3.9 million $166,736 4.3%
By www.legalsportsreport.com