The Indiana Gaming Commission reported a record $51.2 million in sports wagering revenue for September on Wednesday, continuing an early trend of reports showing operators routed the betting public for the month.
The revenue haul topped the previous mark of $47.7 million set last November, which is the only other occasion that monthly revenue cleared $40 million. Indiana also became the eighth state in the post-PASPA era to generate at least $50 million in revenue for a month. The 13.4% win rate was a record for the mobile era and trails only the 23.4% hold from the September 2019 launch that was exclusively retail and generated a $35.2 million handle.
Operators accepted $382.5 million worth of wagers, with the start of pro and college football seasons providing the catalyst for the surge in both handle and record revenue. Of the five handle categories listed by the IGC on its report, football led the way with $153.9 million, with parlays a strong second at $108.7 million. The IGC does not list revenue by category, but anecdotal evidence pointed to the house faring well in the first three weeks of NFL action.
Handle surged 60.7% higher compared to August’s total of nearly $238 million, while revenue more than doubled. In terms of year-over-year numbers, handle increased 7.6% and revenue was 51.1% higher thanks to a hold that was nearly four full percentage points above the September 2021 hold of 9.5%.