Indiana’s sports betting industry continues to flourish with record handle in January

Pacers fans vs. Bucks, Nov. 16, 2019 (AP Photo Doug McSchooler)
Pacers fans (AP Photo/ Doug McSchooler)
Share on facebook
Share on google
Share on twitter
Share on linkedin

Indiana sportsbooks accepted nearly $171 million in wagers in January 2020, marking the largest handle for a single month in the state since legalized sports betting launched last September, according to a report released Monday by the Indiana Gaming Commission.

Sportsbooks won $12.9 million of the $170.8 million wagered, a hold percentage of about 7.6%, the rest going back into bettors’ pockets. The state collected $1.2 million in sports wagering tax for the month.

Wagering via online or mobile devices continues to account for an increasing percentage of the overall handle in the Hoosier State, as $123.3 million in bets were placed digitally, compared to $51.2 million at brick-and-mortar betting locales, per calculations by Sports Handle.

Handle has grown each month of legal sports betting in Indiana, and January’s figure marks a 5.6% increase from the $161.8 million written in the state in December. With the Super Bowl in February and the NCAA Tournament in March, the next two months also figure to return strong wagering numbers.

Here’s a chart outlining the growth of sports betting in Indiana.

MonthHandleHoldHold%Mobile
Sept$35.2M$8.6M24.4%$0
Oct$91.7M$11.5M12.5%$48M
Nov$147.3M$9.3M6.3%$96.2M
Dec$161.8M$12.0M7.4%$110.6M
Jan$170.8M$12.9M7.6%$123.3M

Indiana gaming regulators have been aggressive and forward-thinking, allowing bookmakers to take bets on events like non-traditional Super Bowl props and the Oscars, for example, to the benefit of both customers and companies.

BetIndiana has received its temporary license from the state, and we and can’t wait to join the party.

Bookmark us: Sports betting industry news

Bitnami