Pay Per Head Betting News: The Indiana Sports Betting Handle for November
Much like many pay per head bookies, Indiana is seeing a healthy betting market as we move towards the end of the year. And the Indiana sports betting handle for November actually sets the highest record of handle the state has seen. The state’s $251.4 million handle is the highest Indiana betting handle in its 14 months. Let’s take a look at the numbers.
Indiana’s numbers are similar to other states, like Nevada and New Jersey, in terms of having a steady increase in handle after the betting market reopened mid-year. While the Coronavirus pandemic has caused a lot of problems, the sports and sports betting industry has little trouble recovering, as seen by the billions that people wager across multiple live betting software and retail sportsbooks across the country.
Indiana Sports Betting Handle for November
As mentioned earlier, our betting handle of $251.4 million is 8.9% higher than October’s $230.9 million. Taking a year-on-year comparison, we have a 70.7% increase in handle from November 2019’s $147.3 million. Meanwhile, the state’s adjusted gross revenue for November is also a new record high for the state. We see a $25.3 million revenue, 20.1% higher than October’s $21.1 million. It is also 172.4% higher than November 2019’s revenue of $9.3 million.
Now, we’re taking a look at where the wagers are coming from. A lot of pay per head blog writers are saying that online sports betting is saving the industry, and even a reason why the industry is growing. Indiana’s numbers prove exactly that. The mobile handle for the month of November is $213.7 million. This is 10.7% higher than October’s $193 million, and 122.1% higher than November 2019’s mobile handle. Mobile wagers account for 85% of the total market for the month. This is a good indicator that online sports betting is growing, and will continue to do so for the near future.