There are few states where FanDuel and DraftKings vie for monthly handle honors as tightly as Indiana, where the two mobile betting app leaders have cleared $1 billion handle for the second consecutive year. Running post-PASPA Top 10 #SportsBetting handle by state (thru Oct in CAPS)

FanDuel, DraftKings lead in different metrics

That’s because the 9.7% hold entering the final two months of wagering is 1.2 percentage points higher than last year at this time. The $3.3 billion handle for the first 10 months of the year is 7.3% lower than 2022, but revenue is up 6% to $322.7 million. The state received just shy of $4.3 million in tax receipts for the month, lifting the year-to-date total to $30.9 million. The Hoosier State handle for October was just enough to enter the state’s top 10 all-time, replacing the $427.2 million worth of accepted wagers in January. This year’s October revenue ranked fourth all-time but was also dragged down by more than $900,000 in adjustments in operators’ favor. Four of the state’s 13 all-time double-digit holds in 50 months of wagering have come in 2023 - all in the last six months - and the October hold ranks seventh overall.ĭespite topping the standard industry hold by some 50% in October, year-over-year revenue was down 3.6% because the $429.7 million handle was 3.7% lower compared to October 2022. It was the third time in the last four months the Indiana sports betting win rate topped 10%, with August’s 9.9% hold the lone outlier. The Indiana Gaming Commission reported Monday that legal sportsbooks earned more than $45.2 million in adjusted gross sports wagering revenue in October, as operators kept the heat on the betting public with a 10.5% hold.

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