Indiana Sports Betting Handle. Football was the most wagered on sporting event in september in indiana. The future of mobile betting.
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Lifetime sports betting handle in indiana has passed the $1 billion mark. Indiana's sports wagering handle last month was 5.57% greater than the $161.8 million bet on sports in december, according to data released monday by the indiana gaming commission.in comparison, indiana saw 9.9% growth in its sports wagering handle in december versus november, 60. The indiana gaming commission has revealed that the state’s sports betting handle soared to $91.7m in october, which represents a 160.4% increase when compared to september.
The indiana sports betting numbers did not disappoint as the state’s sports betting handle hit $169 million for august.
Eric holcomb signed indiana’s sports wagering bill into law on may 8, 2019. Legal sports betting went live in indiana on september 1 which was right in time for the start of the nfl season. Indiana went live with sports betting on sept. In the case of indiana, the tax rate is 9.5 percent.
Sports betting in indiana rose by 5.6 percent in january, as the total handle jumped to $170.8 million for the month. The handle represented a 20% decrease from the $37.4 million handle posted in may, while the total revenue was also an 8% decrease.
The stakes were high, as sports betting confined to inside indiana’s casinos would have greatly dimmed the market’s potential. In the first month of legal sports betting, indiana sportsbooks took in $35.2 mm in handle and generated $813,103 in tax revenue, according to a report released by the indiana gaming commission thursday morning.
