In December, Indiana set a new monthly record for adjusted gross revenue, reporting $50.6 million. This narrowly beat the previous record of $50.5 million set in September 2022. The December amount also showed an increase of 18.5% from the $42.7 million reported in December 2022, and an impressive 64.8% jump from the $30.7 million in November 2023.

While the state achieved a new revenue record, it narrowly missed out on setting an all-time high for the handle. Consumers spent $503.1 million in December, the second highest monthly amount since the state launched its legal market in September 2019. This total was 16.6% higher than the amount bet in December 2022, but just 2.1% lower than the all-time high of $513.7 million set in November 2023.

Basketball was the most popular sport among Indiana consumers, with $133.1 million in bets. American football and baseball followed with $118.1 million and $133,791 respectively. An additional $45.7 million was bet on other sports, and $205.7 million was spent on parlay betting.

In terms of market share, Ameristar Casino and DraftKings regained the top spot in December, generating $19.3 million in revenue from $179.8 million in bets. In second place were Blue Chip Casino and FanDuel, reporting $18.1 million in revenue off a handle of $171.8 million. Belterra Casino, another FanDuel partner, came in third with $3.8 million in revenue from $34.4 million in wagers.

Overall, legal sports betting in Indiana generated $4.8 million in tax revenue for the state in December. The impressive month of December demonstrates the popularity and growth of the legal sports betting market in Indiana, with both revenue and handle figures reaching new highs.

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