The month of December was a successful one for Indiana sports betting, with a total handle of $431.4 million.

In the last month of 2022, Indiana released data regarding the performance of its sports betting sector. Despite a noticeable decrease in handling, the industry produced profitable sales.

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Indiana bares report on state’s sports betting industry

According to recent reports, the industry of sports betting in the Hoosier State has experienced a minor decrease. The official statistics show that the vertical raked in a total of 431.4 million dollars throughout the time period in question. 

This number indicates a month-on-month rise of 4.6%, as compared to the previous month of November, when the industry earned a total of $452.3 million.

 In addition to this, it shows a reduction of 6.8% year-on-year from the month of December 2021, when the vertical reported a handle of $463 million.

The operators of sports betting in Indiana actually showed greater income for the period, despite the reduced handle that was seen during the period. The monthly adjusted gross income for sportsbooks came in at $42.7 million for the month of December. 

In December 2021, the industry earned a total of $25.8 million, therefore this number represents a spectacular gain of 65.6% over that amount. It also reveals a minor month-on-month growth of 6.8%, from $40 million recorded in November 2022 to $42 million in December 2022.

The successful operation of sportsbooks in Hoosier State has resulted in a contribution of $4.1 million to the state and local governments in the form of taxes. 

In the meantime, the total amount of money wagered on sports in Indiana over the entire year 2022 was estimated to reach $4.4 billion.

Additional Details About Indiana Sports Betting Performance in December

When the company considers which sporting events were the most successful, they find that football is, and always has been, the sport that is most popular with the residents of Indiana. 

The well-liked sport was single-handedly responsible for more than a quarter of the total handle in December, as fans wagered a total of over $136.2 million on their preferred teams and players in the leagues they follow.

Basketball was not far behind, as it had a handle of $130 million across all of the state’s sports betting companies. During this time, a total of $119 million was gambled on parlay bets, while an additional $46 million was wagered on wagers involving other sports.

Planning to Maintain its Efforts in the Gaming Market 

According to the survey, Blue Chip Casino and FanDuel, with whom it is affiliated, was the most popular operator among players, with a total handle of $138.3 million. 

This resulted in 16 million dollars in revenue for the company. During this time, the DraftKings sportsbook located inside the Ameristar Casino reported a total of $137.6 million in the handle along with $12.7 million in income. 

The third spot goes to Belterra Casino, an additional business that has partnered with FanDuel. It had a total handle of $42.8 million, which resulted in earnings of $5.1 million.

Planning to Expand its Business in Gambling This Year 

In the meantime, residents of Indiana are maintaining their efforts to have the state legalize the playing of casino games online. 

The state’s legislative representatives are working at expanding the gambling business in 2023 and introducing new verticals. 

In the next few of months, if everything goes according to plan, legal online casinos and racinos could potentially become a reality. If it is legalized, internet gambling is expected to go live on September 1st, 2023. This date is only an estimate, though.

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