Indiana became the sixth state in the post-PASPA era to surpass $10 billion in all-time sports wagering handle with the Indiana Gaming Commission’s report on Monday that more than $452.3 million wagers were accepted in November.
The Hoosier State joined New Jersey, Nevada, Pennsylvania, Illinois, and New York in that select group. Indiana reached the milestone in 39 months of wagering, having launched in September 2019. It also became the eighth state to clear $4 billion handle in 2022.
November’s handle ranked sixth all-time in state history, 1.4% higher than October’s $446.2 million but 2.5% lower than the $463.7 million reported in November 2021.
Operators narrowly missed a third consecutive month of $40 million in revenue, falling nearly $30,000 short while posting an 8.8% hold. While November’s revenue ranked fourth all-time, it was a notable falloff from last month’s $46.9 million and the then-record $47.7 million of November 2021, as the sportsbooks’ win rate for both of those months was north of 10%.