FanDuel Leads Indiana's February Sports Betting Revenue

Indiana's sports betting market is on the rise. Basketball is still the leading sports that local punters wager and the state has seen its betting market handle increase by 31.6% year-on-year to $273.9m. 

The total adjusted gross revenue hit $17.0m, which is a bit down from the January totals, but, still represents 53.2% year-on-year growth. 

Since 2020, basketball betting has grown by 29% to $127.2m in total wagers. Parlay bets were less than half that at $66.4m. 

FanDuel Leads Growth

FanDuel, one of the most popular online bookmakers and operators of Blue Chip Casinos' online sports betting offering, posted figures of $4.96m to lead the pack. Penn National Gaming's Ameristar East Chicago and their DraftKings sportsbook contributed $114.95m, or, 58%, of the total handle. 

However, Ameristar saw its adjusted gross revenue drop by 30% from last year to $4.23m. 

FanDuel also operates the sportsbook offering for Belterra Casinos, which also saw a huge increase of 97% to $33.6m. 

Indiana is embracing legalized online betting and has proposed a bill that would essentially allow online operators to begin offering online casino products, which would significantly increase revenue across the board. 

More and more US states are considering a legal, regulated online betting and gambling industry, heeding lessons learned from neighbor states. The total revenue made by legal operators across the US has been breaking records over the last few months, which gives the states more use of tax revenues for community projects and other things. 

Online sports punters in Indiana have proven time and time again how much they are fans of online sports betting and the addition of casino products would lift the market even further.