September Brings New Sports Betting Record to Indiana
The state of Indiana continues to see tremendous growth in the sports betting industry, setting a new record during September.
The return of the NFL and the loosening of some restrictions against retail sportsbooks led to the huge jump.
Sports betting handle during September in Indiana rose to just over $207.5 million. This is the first time the state has been over the $2 million mark in total wagers.
The state also reported revenue of $14.3 million for September, which is also a record in the state. The growth in the Indiana sports betting industry is similar to what has been reported in other states throughout the US.
The previous record mark in Indiana was $187.2 million, and that took place in February 2020. September shattered that mark by almost 11 percent, proving that the industry is fully recovered from the ongoing COVID-19 pandemic.
The NFL is expected to continue to bring in the most number of bets for the remainder of 2020, but the Big Ten is set to begin football next weekend. Indiana is right in the middle of Big Ten country, and the return of football should provide another nice boost.
DraftKings Continues to Dominate Competition
DraftKings Sportsbook continues to bring in the most betting handle in the state of Indiana, although FanDuel has proven to be stiff competition. DraftKings was the first sportsbook to launch in the state, and the retail location is near Chicago.
DraftKings had a total mobile betting handle of $89.4 million during September, and FanDuel brought in $56.5 million through the sportsbook app. Almost 84 percent of all sports betting wagers in Indiana last month were made via a mobile device or online.
BetMGM brought in $13.1 million in September to finish in a distant third place. BetRivers ($6.2 million) and PointsBet ($6.2 million) round out the top five Indiana mobile sportsbook apps in the state.
Midwest Sees Tremendous Growth
The numbers continue to rise in Indiana despite the state facing some competition from border states. Both Illinois sports betting and Michigan online sports betting have seen tremendous growth in the sports betting industry, but it has not slowed things down in the Hoosier State.
Illinois has made some changes to its sports betting rules and regulations, removing the in-person registration requirement. There are now five online betting apps in the Land of Lincoln, and some of the biggest names in the industry have launched.
Illinois posted a sports betting handle of $140 million during August, and that number is expected to take a huge jump in September. Michigan is set to launch mobile betting later this fall, making things even tougher on the Indiana industry.
Iowa does have an in-person registration requirement, and that has hurt that state. The state of Iowa did set its own record in September, posting $72.4 million in sports betting handle.
For more sports news and legal sports betting in Indiana, check out more stories on our blog.
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