Indiana Sportsbooks Take $460M In December BetsLast Year Saw About $3.8 Billion In Sports Bets In Indiana |
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The Hoosier State sports betting industry turned in a nearly record month in December.
Per state figures from the Indiana Gaming Commission, the state’s retail and online sportsbooks took about $460 million in bets. That was off from November’s record of $463.6 million. October had about $461 million in bets for Indiana books.
The December performance brought the 2021 handle to about $3.8 billion. The market began in Indiana in late 2019, following a new law authorizing state-sanctioned sportsbooks.
Winnings from bettors in December were about $25 million, bringing the total for the calendar year to nearly $308 million. That came out to a 2021 hold percentage of about 8%.
That hold percentage, which is worse for customers the higher it is, was above Nevada’s roughly 6.6% hold in 2021 (though Nevada’s December numbers aren’t yet in).
For Indiana, December’s handle was up nearly 50% year-over-year. The 2021 handle was up more than 110% compared to 2020, though the comparison is apples to oranges due to the impact the COVID-19 pandemic had on sports in 2020.
The vast majority of bets are placed online in Indiana, with roughly $3.4 billion of the $3.8 billion in total bets in 2021. About $400 million came through retail books.
Indiana is one of more than 30 states in the U.S. with state-sanctioned sportsbooks.
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