December 17, 2021
Sports Betting Guru
Sports Betting Guru
When you talk about online gambling in the US right now it’s typically been all about New Jersey and Pennsylvania but there are other stars in the US that have been quietly going about their business and ramping up their revenue stream to the next level. One of these states has been Indiana. The Indiana online gambling scene has blossomed from month to month and it has just subsequently had one of its stand out months in the history of legal online gambling in the state.
While the start of the NFL season in October has no doubt influenced the revenue figures by the end of November, it is thanks to the start of the college basketball season that the numbers are so high. College basketball brings in tons of sports betting in the US and in particular in Indiana. With consecutive major sporting leagues starting up in recent months, it comes as little surprise that the Indiana Gaming Commission has recorded 3 of their best months in a row.
The Indiana Gaming Commission reported that sportsbooks and online apps have generated a total of $463.7 million for the month of November. This marks the third straight month in which the gambling revenue record has been broken. The month of November outdid October by $2.6 million. Breaking the figure for November down shows a clear betting pattern and where most of the gambling revenue is coming from. According to the IGC, football is still far and away the highest generator for sportsbooks. Basketball, both college and professional, also saw a significant rise in betting. This of course makes sense with the NBA currently still ongoing and college season only just beginning.
The co-founder of DraftKings was quick to play down the rise in Indiana revenue claiming that “this is the way that it works, it swings both ways over the course of time”. This is in response to the rise in revenue from October to November. Essentially, the DraftKings co-founder aimed to show that there are always ebbs and flows when it comes to online sports betting in not only Indiana but the US as a whole. Well, it’s all good and well for the man who has a vested interest in the industry to play down its success but it is becoming more and more evident that online sports betting in Indiana and the US is continuing to swell.
So, what casinos and sportsbooks are currently at the head of the pack for this rapid growth in revenue for Indiana online gambling? DraftKings are currently leading the way for online sports betting and have been for some time now. They generated a total of $166.2 million with $12.6 million as revenue. DraftKings appears to have a firm grip on not online the sports betting scene but the daily fantasy sports scene as well. One market they have not dominated though, has been the online casino gaming world. This title belongs to Hard Rock Casino. Hard Rock is one of the newer online casinos in the state but they have quickly established themselves as the go to for online casino lovers.
With top sportsbooks and online casinos available in the state, it’s difficult to see why the online gambling industry as a whole would ever dip. The fact that record numbers are still being hit in the midst of a global pandemic speaks volumes. This juggernaut of an industry is headed for a bigger and brighter future without a doubt.