Indiana Crosses $10 Billion Mark For Lifetime Sports Bets

In November, gamblers in Indiana wagered over $452 million on sports, marking a slight rise from the $446 million total bet in October.

In November, Indiana achieved a significant milestone in sports betting, with Hoosiers surpassing a total of $10 billion wagered on sports since 2019. The figure is expected to continue rising in the future.

Sports betting in Indiana reaches $10 billion

Indiana initiated sports betting just over three years ago. Since its inception, it has grown to become a major entertainment force within the state.

Without a doubt, the $10 billion wagered is a significant amount. This impressive figure clearly underscores the enthusiasm Hoosiers have for sports gambling.

The significant amount has resulted in sportsbooks producing more than $800 million in earnings and nearly $80 million in tax revenue for Indiana.

In 2022 alone, Indiana gamblers bet more than $4 billion, constituting a significant portion of the state’s total lifetime handle of $10 billion.

The latest figures from the Indiana Gaming Commission have helped surpass the milestone achievement of $10 billion.

The amount of sports bets placed in Indiana for November 2022

In November, sports betting in Indiana reached a massive handle of $452 million.

Gambling companies not only generated nearly $40 million in revenue, but also contributed just over $3 million in taxes to the state.

Indiana is potentially on course to break records in the upcoming months. The existing record is a handle of $500 million from January 2022. However, historically, new market records are frequently set during December and January.

To put it differently, the figures for sports betting in Indiana are set to soar in the following months. The upcoming surge in the industry is due to a packed sports calendar.

Welcome back basketball

The sports betting scene in Indiana is currently experiencing its most lively period of the year. The holiday season, characterized by concurrent football and basketball games, provides ideal conditions for gambling.

Betting in Indiana has been predominantly centered around football for the last several months. Nonetheless, the anticipated comeback of basketball is expected to significantly influence this trend moving forward.

Here is a summary of what Hoosiers placed bets on the most in November:

• Football: $137 million
• Basketball: $124 million
• Baseball: $3.7 million
• Parlay: $126 million
• Other: $59 million

Last month, basketball saw a significant surge, escalating from a humble $57 million handle in October. This increase was fueled by a complete month of NBA games and the comeback of college basketball.

Football currently holds the top spot in Indiana sports betting, but basketball is on the brink of taking over as the leading sport soon.

As the NFL Playoffs kick off, the sport’s numbers will start to decline. Despite these games garnering significant attention, the number of games available for betting reduces weekly as they progress into the subsequent rounds.

While football is currently the top sport for betting in Indiana, basketball is poised to soon become the main attraction for the state’s gamblers.