Since legal Indiana sports betting began in September 2019, bettors in the state have put down over $10 billion on their wagers. The latest numbers from the Indiana Gaming Commission (IGC) for November 2022 confirm sportsbooks reaching the milestone.
November’s action nearly set a new state record for dollars wagered in a month’s time as well. As part of the overall landscape of gambling in Indiana, it’s further evidence that the industry is quite healthy.
November pushes Indiana sports betting over $10 billion mark
The newest report from the IGC show that sportsbooks across the state took over $452.3 million in bets during the month of November 2022. That includes both in-person and online wagers.
That total of $452.3 million is about 10% shy of the state record for sports betting handle in a single month. In January of this year, Indiana bettors plunked down just over half a billion on sporting events.
Leading the way in terms of share of online bets were the usual suspects, DraftKings and FanDuel. Together, those two apps accounted for more than $284.7 million of November’s handle or about 63% of the whole.
All Indiana sportsbooks combined to win just under $40 million on that $452.3 million in bets. As a result, the state collected a little shy of $3.8 million in tax revenue. This performance keeps Indiana on pace to celebrate perhaps its most lucrative year ever.
Indiana gaming set to reach new heights overall
The fiscal year that ended in June was the first to surpass $1 billion in gross gaming revenue for Indiana in about a decade. The revenue reports for the months since suggest the fiscal year ending in June 2023 might set new records.
Most of that potential is due to the fact that there are simply more options for gamblers across Indiana than there were in 2012. Not only are there legal sportsbooks but more brick-and-mortar casinos as well.
As the state has collected over $225.3 million in taxes for the calendar year so far, 2022 could prove to be the best year for Indiana gambling yet. The final numbers for December will close the book on the annual cycle.