Indiana-based sportsbooks including both land-based and online operators active within the state’s borders had an extremely successful December according to the latest financial reports. It was revealed that Indiana land-based and online sportsbooks saw a massive increase of around 29% in their gross gaming revenues for December which equals to around $12 million as well as to around $1.1 million in taxes.

According to one report from PlayIndiana.com from several days ago, sportsbooks that are active in the state processed around $161.8 million in wagers in December which equals an amazing rise of around 10%. According to the main gaming authority in the state, the Indiana Gaming Commission, around 69.5% of these bets were placed at the state’s four fully licensed and regulated online bookies.

Indiana Becoming the Fourth-Biggest USA Sports Betting Market

Speaking of the Indiana sports betting industry, it is definitely thriving in every sense. The very first land-based sportsbook in the state opened its doors in September of last year, while the state’s online sports betting market finally went live one month later in October. As in other states, online sports betting operators that want to operate within the state’s borders must partner with brick and mortar operators in order to fully legally provide their online sports betting services.

While almost every major online sports betting operator has a certain path into this growing market, only several of them including DraftKings, FoxBet, PointsBet, William Hill, Caesars, FanDuel and BetMGM among several other are running so far. When it comes to land-based sportsbooks, a number of brick and mortar casino operators offer sportsbooks within their facilities including Ameristar Casino Resort, and Blue Chip Casino.

All in all, with so many profitable online and land-based sportsbooks thriving in the state, Indiana has become the fourth-biggest USA sports betting market its land-based and online sportsbooks have generated around $433.4 million in wagers as well as around $42.7 million in gross gaming revenues since sports betting has been legalized in the state of Indiana in September of 2019.

According to local news outlets, this massive success of the state’s sports betting market can only become even bigger as the National Football League’s playoff season starts and as college football, and the National Basketball Association games intensify in the months to come. As reported by Dustin Gouker, the state may surpass that $1 billion mark in wagers by the month of March with the National Football League’s playoff season. If this happens, Indiana will become of the biggest legal sports betting jurisdictions in the United States to reach this mark.

Thriving Online Sports Betting Market

Aside from the growing popularity of land-based sportsbooks in the state, the state’s online sports betting market is following the same steps. As reported by PlayIndiana.com, one of the state’s most popular online bookies DraftKings led the online market in December as its widely visited domain licensed by Penn National Gaming Incorporated’s of Ameristar Casino and Hotel East Chicago generated around $66.7 million in wagers and around $5 million in gaming revenues.

DraftKings is followed by the FanDuel online sports betting service which is operated in a business partnership with Body Gaming Corporation’s Blue Chip Casino Hotel and Spa which generated around $36 million in wagers and around $2.2 in revenues.

Moreover, the latest financial results for the previous month also suggest that the sportsbook within Caesars Entertainment Corporation-operated Horseshoe Hammond facility had led the state’s land-based sports betting industry in December as the venue processes wagers worth around $13.4 million while it also generated around $1.1 million in gross receipts.

The very first land-based sportsbooks opened their doors on the 1^st of September in the state of Indiana. One month later on the 3^rd of October, the very first online bookies opened their virtual doors. The industry within the state’s borders is fully regulated by the Indiana Gaming Commission. Just like in other states, sportsbook providers and operators who want to offer their service to the state’s residents need to partner with some brick and mortar entities.

Despite the fact that almost every major sportsbook operator has a way of entering this market, just several of them have managed to do so and these are all fully reliable, and reputable vendors. The very first to hit the industry was BetRivers and DraftKings which opened their online sportsbooks to the residents of Indiana on the 3^rd of October.

Their moves were soon followed by FanDuel which opened its sportsbook in the state on the 26^th of October. As of today, several big brands are working on establishing their venues including Caesars, William Hill, BetMGM, and PointsBet. All things considered, the state’s residents can expect many both online and offline sports betting activities offered by the best brands.

Sports Betting in Indiana

When it comes to sports betting activities in the state, the industry launched just before the beginning of the new NFL season which was early September. This September date was for retail in-person sportsbooks, off-track betting shops, racinos and casinos at Indiana-based venues. When it comes to the state’s gambling laws and regulations, they are all conducted by the Indiana Gaming Commission.

According to the commission’s laws and regulations, statewide mobile betting is allowed, everyone who is over the age of twenty-one can register from any place in the state, the tax rates for such activities include 9.5% of generated gaming revenue, wagering on amateur athletes and eSports is not allowed and they are some limitation on live betting.

All in all, the sports betting opportunity for the state is rather massive as the state of Indiana is home to over six million residents. Many experts and professionals agree that the state’s potential market could create a big, vibrant industry. When it comes to the handle, it could go up to $6 billion yearly depending on how the industry evolves and depending on what the state’s neighbors do in terms of legalizing sports betting.

Land-Based and Online Sportsbooks Had a Successful October

One of the latest researches done on the subject has shown that both land-based and online sportsbooks active in the state had an extremely successful October due to a massive increase of 161% in the aggregated handle which amounts to around $91.7 million. The industry has also seen a great 34% rise in gross gaming revenues which amounts to around $11.5 million.

According to the Indiana Gaming Commission, this massive improvement was mainly fueled by the newly-launched bookies including DraftKings and FanDuel. The commission’s official press release also details that the industry had a great October also thanks to out-of-state wagers who were traveling from the Cincinnati and Chicago areas.

All things considered, Indiana is rapidly becoming a major star among fully legalized sports betting markets in the states. In fact, it seems that the state is far ahead of the neighboring states including Michigan, Kentucky, Ohio, and Illinois considering the industry’s success from the previous month. If things continue in this manner, Indiana will become the Midwest gambling capital in the near future.