Indiana Sports Betting Hits Record $207 Million in September

Spread the Word:

Indiana sports betting has set a new record, hitting $207.5 million in handle and $14.3 million in revenue in September.

The numbers from Indiana and Iowa clearly indicate that the US sports betting industry are eventually returning to normality, with every month bringing more optimism. Both states witnessed record handle in September, thanks to the return of major professional leagues like the NFL, NBA, and NHL, in addition to the last month of the MLB regular season.

Despite only permitting in-person registration, Iowa still managed to hit a record of $72.4 million in handle and $5.2 million in revenue. This was just shy of breaking last October’s record of $5.7 million in revenue.

Indiana Sports Betting Flourishes Amid New Competitor

Indiana’s record $207.5 million in handle is 10.8% higher than the previous record of $187.2 million in February earlier this year. In the following month, much of the sports activity was shut down due to the coronavirus.

Meanwhile, Indiana found a potent rival in neighboring Illinois. Surprisingly, Illinois allowed mobile sports betting registration more than a year before the planned legislation due to casino closures. This unexpected situation made a bigger challenge for Indiana as Illinois sportsbooks did great in August, with a whopping $140 million in handle that month. More impressively, Illinois did it with just one operator, BetRivers.

So far it does not look like the loss of business that flowed to Illinois has affected Indiana too much.

DraftKings Still Reigns in Indiana

DraftKings Sportsbook began operating in Indiana a few weeks before FanDuel last year and capitalized on its partner’s proximity to Illinois’ major city, Chicago.

DraftKings still remains the uncrowned king in Indiana as the market shareholder. The betting operator drew in $89.4 million from its mobile app, taking 43.1% of the total market share. With $56.5 million, FanDuel ranked second, claiming 27.2%. The third, fourth, and fifth top operators were BetMGM ($13.1 million), BetRivers ($6.2 million), and PointsBet ($6.2 million).

Indiana bettors wagered more than 83% of the total handle from mobile devices in September.

Iowa’s Online Betting Share Still Low

Iowa’s online sports betting handle dropped in September to 69%, from 69.6% in August.

The Hawkeye State lags behind in the mobile market race with leaders like New Jersey and Pennsylvania. In August, sports betting in New Jersey drew over 90% handle from mobile betting, while Pennsylvania sports betting had 88% of wagers made from mobile.

Related News

NCAA March Madness 2021
April 13, 2021

Indiana Sports Betting Posts Basketball-boosted $316.7M in March

Indiana sports betting recovered from a sluggish February, with a 15% jump to $316.7 million in handle in March. February brought dips in handle across the entire US market thanks […]

read more
Indianaopolis
February 15, 2021

Indiana Welcomes January With Record Sports Betting Handle of $348M

While building on its sports betting records for the fifth straight month, Indiana posted a handle of more than $348 million in January. According to state figures released Friday by […]

read more
January 20, 2020

Indiana Charitable Gaming Laws

Indiana CHARITY GAMING IC 4-32.2-1 Chapter 1. General Provisions IC 4-32.2-1-1 Application of article Sec. 1. (a) This article applies only to a qualified organization.(b) This article applies only to […]

read more
April 8, 2022

Indiana Online Casinos

Playing at online casinos in Indiana is illegal and there are no regulated sites in the state. However, a few steps were taken towards legalizing the industry in 2020 by […]

read more
April 8, 2022

Indiana Online Sports Betting

Online sports betting is now live in Indiana, with state-wide mobile betting launching in October 2019, meaning there are plenty of opportunities to bet on your favorite sports online. Today, […]

read more
Indiana city skyline
May 17, 2021

Indiana Sports Betting Tops $1bn in First Four Months of 2021

Indiana sports betting has topped the $1 billion mark in the first four months of this year despite a 25% decline in April’s handle. The Hoosier State saw a huge […]

read more
Indiana city skyline
June 16, 2021

Indiana Sports Betting Posts $254M in May Handle, Up 7.6%

Indiana sports betting has emerged from April slumber, witnessing a 7.6% increase to $254.4 million in May handle, compared to $236.4 million a month prior. The modest growth was thanks […]

read more
Indiana city skyline
August 24, 2021

Indiana Regulators Approve Caesars Southern Indiana $250M Sale

The Indiana Gaming Commission has approved the $250 million sale of Caesars Southern Indiana casino to North Carolina-based EBCI Holdings. The decision was taken at the commission’s public business meeting […]

read more
Indiana Hoosiers helmets
March 15, 2021

Indiana Sports Betting Streak Ends as February’s Handle Dips 21%

February has ended Indiana sports betting’s five-month streak of record-setting handles, nosediving 21.4% to $273.9 million for the month. The Hoosier State saw the biggest month in January, which brought […]

read more
Indianaopolis
July 15, 2021

Basketball Keeps Indiana Sports Betting Afloat in June With $246M Handle

Indiana sports betting kept afloat amid the peak of the summer slump as it reported $246 million in June handle, down 3.2% from May’s $254.4 million. Basketball betting and the […]

read more
Barstool retail sportsbook
May 23, 2021

Barstool Sportsbook Launches in Indiana Online Sports Betting Market

Barstool Sportsbook launched its online sports betting app Tuesday in the Indiana sports betting market, ahead of the NBA playoffs and the Indianapolis 500. Penn National Gaming had announced the […]

read more
Hard Rock Casino Gary
August 17, 2021

Indiana Sees $3bn in Sports Betting Handle in Last 12 Months

Though the summer slump pushed Indiana sports betting handle to below $200 million for the first time in almost a year, the state saw $3 billion since July 2020. The […]

read more

Stay Updated & Receive Exclusive Offers

Be the first to know when new states legalize online gambling and gain access to exclusive casino and sports betting promotional offers.