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Indiana breaks handle record in October but revenue dips month-on-month

News

The Indiana Gaming Commission has set a new record for handle with $461.1m in the month of October, a 29.7% increase on the previous record achieved in September.

Ameristar East in Chicago and its DraftKings sportsbook was the biggest contributor to the handle total with $160.8m. The Blue Chip Casino’s FanDuel-operated sportsbook was next with $114.7m, followed by Belterra Casino – another FanDuel operation – with $49.9m.

Sports betting revenue came to $27.7m for October, representing an 18.3% decrease on the previous month.

Although down from September, the revenue figure is still an improvement on the one recorded in October 2020 – $21.1m.

Blue Chip Casino had the highest revenue with $9.5m. Ameristar Casino was second with $8.7m, while Belterra Casino’s $3.6m rounded out the top three.

After the return of the NFL season in September, football continues to be the most popular sport. for betting The $175.8m in handle the sport generated eclipsed the $148.6m it achieved last month.

The handle for parlay bets was $127.6m, while basketball bets attracted stakes of $53.5 and baseball $34.8m.

October also saw the Indiana Gaming Commission reach a settlement with Penn Sports Interactive’s (PSI) Barstool Sportsbook over breaches of sportsbook conduct.