Gamblers have pushed Indiana sportsbooks to a new high for the third consecutive month. Analysts for PlayIndiana.com says the return of basketball spurred $463 million in betting in November, shattering previous one-month records.
The Indiana Gaming Commission says online and retail sportsbooks generated $463.7 million in wagers, up from $251.4 million in November 2020.
The sportsbook revenue generated $4.5 million in state taxes.
PlayIndiana analysts say the strong interest in sports betting will not ease any time soon.
“Basketball betting, both college and professional, is more important in Indiana than almost every other legal sports betting market in the U.S.,” said Jake Garza, an analyst for PlayIndiana.com. “Indiana’s best months are typically when college basketball and the NBA are in full stride, and the NFL is still in play.”
Online betting accounts for 91% of November’s handle.