Basketball Bettors Push Indiana Sports Betting To Dec Hike

Basketball-crazed punters again set a new handle record in January at $170.8 million according to Indiana Gaming Commission’s latest report. That was 5.56 percent higher than last month’s $161.8 million number.

More than 36 percent, or about $60 million, of the overall betting activity came from basketball betting. Football followed at $36.7 million (around 22 percent) so with the NBA and college basketball seasons shifting to their peak months in March through June, Indiana is poised to continue to turn to solid results in 2020. Typically–probably through the long-documented history of sports betting in Nevada –football is driving the market.

In fact, Indiana’s demand for sportsbooks continues to be strengthened by a growing increased interest in mobile betting. For an online handle of $123.3 million, the state saw over 11 percent more bets coming through via mobile sportsbooks over the last month.

Furthermore, over the same timeframe, the State saw revenue growth. The overall net adjusted gross income in January was 7.27 percent higher than it was in December, a total of $12.8 million, the report says.

Together, Indiana’s four mobile sportsbooks accounted for 72 percent of the state’s overall activity. That was 4 percent higher than in December, showing some solid growth for the Hoosier State’s significant mobile betting market that began in September.

Mobile betting has actually proven to be a key component of sport betting markets in other nations. New Jersey sportsbooks saw 83% of their overall handle come from their vast array of mobile betting options during 2019, with up to 88% of the action going that way through the final month of the year.

The booming sports betting market with similar results is Pennsylvania, where 84 percent of bets made in the second half of 2019 came from mobile sportsbooks from the Keystone State. Indiana does not have those states’ population (about 6.7 million compared to nearly 13 million in Pennsylvania and nearly 9 million in New Jersey) but the mobile betting market in the Hoosier State can still help drive the overall numbers to higher results.

DraftKings retained its spot as Indiana’s most popular mobile sportsbook in January but FanDuel quickly made up ground as the new year began.

In October all mobile sportsbooks started taking bets. In January, DraftKings took $66.7 million in handle for internet gaming at Ameristar Casino in East Chicago. FanDuel (with the Michigan City Blue Chip Casino) followed at $49.5million. BetRivers came in a distant third position to complete the market at 7.9 million with BetAmerica worth just over $89,000.

But in terms of market growth FanDuel has been the big winner. After all, in December, FanDuel took just 32 percent of the total mobile betting market but jumped up in January to take nearly 40 percent of the same market. In comparison, DraftKings fell from 60 percent in December to about 53 percent in January.

In Rising Star Casino in Rising Sun, BetAmerica celebrated its first full month of operation in the state after its launch at the end of December, albeit with just $89,622 in online service.

DraftKings retained its spot as Indiana’s most popular mobile sportsbook in January but FanDuel quickly made up ground as the new year continues.

In October all mobile sportsbooks started taking bets. In January, DraftKings took $66.7 million in handle for internet gaming at Ameristar Casino in East Chicago. FanDuel (with the Michigan City Blue Chip Casino) followed at $49.5million. BetRivers came in a distant third position to complete the market at 7.9 million with BetAmerica worth just over $89,000.

But in terms of market growth FanDuel has been the big winner. After all, in December, FanDuel took just 32 percent of the total mobile betting market but jumped up in January to take nearly 40 percent of the same market. In comparison, DraftKings fell from 60 percent in December to about 53 percent in January.

BetAmerica, with Rising Star Casino in Rising Sun, celebrated its first full month of operation in the state since launching late December, albeit with an online handle of just $89,622.