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Indiana Sportsbooks Hit New Betting Handle Record in November

Indiana Sportsbooks Hit New Betting Handle Record in November

Last updated on December 11th, 2021 at 05:13 am

Indiana sportsbooks are on a roll. For the third month in a row, the state’s betting industry reports a new total monthly handle record at $463.7 million. Many in the pay per head services sector believe that this will only continue to grow, and that we may see Indiana set new records in the months to come. Local bookies agree.

Indiana’s residents love betting on NBA and college football, and, of course, the NFL. College basketball could be a great sport for bookies with sports betting software who promote NCAA basketball, as Purdue is enjoying a great start into the season.

Indiana Sportsbooks: Numbers are Growing

Indiana Sportsbooks Hit New Betting Handle Record in NovemberThe $463.7 million handle for November gives us a whopping 84.4% year-on-year increase in betting from November 2020’s $251.4 million. So far, we have $3.4 billion worth of wagers for Indiana this 2021. This results in $419.2 million in revenue for the year so far. This is the first time that the states has crossed the $3 billion mark in its year-to-date numbers as well. If the state’s sportsbooks continue to do well, they could double the previous year’s $1.8 billion in total annual handle this year.

Historically, football takes in the highest action during December and January. This could help increase the volume of wagers that we are currently seeing. For college sports, we have basketball and football. For professional sports, we have the NBA and the NHL generating a lot of action. And since things look like they are still picking up, you may want to start looking for a cost efficient sportsbook pay per head and be a bookie.