{"id":1600049,"date":"2024-10-14T09:27:53","date_gmt":"2024-10-14T13:27:53","guid":{"rendered":"https:\/\/www.sportscasting.com\/?p=1600049"},"modified":"2024-10-14T09:27:53","modified_gmt":"2024-10-14T13:27:53","slug":"in-september-indiana-sportsbooks-generated-53-million-in-revenue","status":"publish","type":"post","link":"https:\/\/www.sportscasting.com\/news\/in-september-indiana-sportsbooks-generated-53-million-in-revenue\/","title":{"rendered":"In September, Indiana sportsbooks generated $53 million in revenue"},"content":{"rendered":"

Last week, the Indiana Gaming Commission<\/a> reported $53 million in adjusted gross sports betting revenue. In 61 months of legal wagering in the state, the $53 million was the second-best handle. The state accepted $53.5 million worth of wagers to begin the year in 2024. This was the fourth time this year that Indiana sportsbooks went over $50 million in monthly revenue.\u00a0<\/span><\/p>\n

It\u2019s happened three times in the last 10 months. Compared to their figures from 2023, Indiana\u2019s handle was up 19.7%. The $483.3 million was the fifth-highest monthly handle of all time in the state. Through the first nine months of 2024, wagering is just shy of $3.5 billion, up 20.9% YoY. Additionally, Indiana became the eighth state in the post-PASPA era to clear an $18 billion handle.\u00a0<\/span><\/p>\n

Indiana collected over $5 million in taxes and became the 10th state all-time to surpass $150 million overall. In 2024, state coffers have seen $33.4 million. That is $6.8 million ahead of their pace from 2023. Of the nine states that have posted their revenue figures from September, all have hit $10 million in revenue. However, their 11% hold is the lowest so far of the states that have shared their figures. Indiana sportsbooks have had a double-digit hold in each of the last five months.<\/span><\/p>\n

What Indiana sportsbook saw the most profit in September?<\/b><\/h2>\n

During September, DraftKings<\/a> had their second straight month with the largest handle and revenue for Indiana sportsbooks. From a 10.3% win rate, DraftKings posted an all-time high of $190.3 million handle and $19.7 million in revenue. The company\u2019s previous monthly high was $188 million in wagers from last November. DraftKings is within $12.5 million of the $133.5 million in wagers they accepted in all of 2023.\u00a0<\/span><\/p>\n

After a sub-10 % win rate in August, FanDuel bounced back with a 12.3% hold in September. They collected $18.2 million in revenue from $148.4 million worth of wagers. FanDuel is now over $1 billion in year-to-date action after September’s figures were released. In September, BetMGM\u2019s $5.1 million in revenue was the second time in 2024 they\u2019ve crossed the $5 million threshold.\u00a0<\/span><\/p>\n

BetMGM had a 13.9% hold and accepted $36.9 million worth of wagers. September has been a historically solid month for BetMGM. In five years of wagering for September, they have $19.8 million in revenue from a 12,6% hold and $157.5 million worth of wagers. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Last week, the Indiana Gaming Commission reported $53 million in adjusted gross sports betting revenue. In 61 months of legal wagering in the state, the $53 million was the second-best handle. The state accepted $53.5 million worth of wagers to begin the year in 2024. This was the fourth time this year that Indiana sportsbooks […]<\/p>\n","protected":false},"author":304,"featured_media":1600052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[447316],"tags":[],"class_list":["post-1600049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports-betting"],"acf":[],"yoast_head":"\nIn September, Indiana sportsbooks generated $53 million in revenue<\/title>\n<meta name=\"description\" content=\"The Indiana Gaming Commission reported $53 million in adjusted gross sports betting revenue in September 2024.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sportscasting.com\/news\/in-september-indiana-sportsbooks-generated-53-million-in-revenue\/\" \/>\n<meta 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