Breaking records Indiana sportsbooks handle over 460m for October

Indiana has broken the state record for betting volume for the second consecutive month with over $460m in handle for October

Indiana has broken in the body politic register for betting loudness for the sec sequential month with over $460m inward hold for October. According to PlayIndiana, the body politic is the fifth to gain $5bn in lifetime sports wagers.

Online and retail sportsbooks generated $461.1m for October, easy breaking September’s track record by almost 30%. October’s hold was also upwardly almost 100% from $230.9m for Oct 2020. The rate of betting increased as gamblers placed $14.9m per day over the 31 days of October, $11.8m day-to-day over Sept and $7.4m worth of day-after-day wagers over October 2020.

Jake Garza, an Analyst for PlayIndiana, commented: “Five full weekends of the NFL and college football, the chess opening of the NBA season, and baseball’s postseason gave sportsbooks a rarified converging of betting inventory in October. To surpass the previous enter past so a great deal shows an increasing stand of bettors, too. It’s tough to imagine a break go to the football flavor than what has happened in the utmost II months.”

Online betting generated 89% of October’s total grip with DraftKings leading the online marketplace (with $150.7m). FanDuel followed with $113.3m inwards online wagering and BetMGM came inwards 3rd with a $47.7m handle. Since launch inwards 2019, sportsbooks in Indiana have generated $5.1bn inwards wagering, $412.5m in receipts revenue and $78.3m inward tax revenue.

Eric Ramsey, Analyst for PlayUSA, mentioned: “No body politic has capitalised on its potency as sports betting market meliorate than Indiana. As telling as some of these records have been, it is also of import to call up that Hoosier State as a market place noneffervescent hasn’t full matured.”

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