Indiana continued to cement its status as the fourth-largest sports betting market in the United States with a record-setting January. Indiana bettors placed more than $170 million in wagers. Its an almost 10% jump from December’s take of almost $162 million.
The growth may seem moderate compared to some other states. However, when you consider that no new sportsbooks launched in the month of January, the uptick becomes more impressive. Online betting helped boost the numbers and, despite only four betting apps, online bets generated 72% of handle. That is up from just under 70% in December.
This betting activity produced over $12.8 million in revenue for the books and over $1.2 million in taxes for the state.
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