Indiana’s 14 retail and three online sports books collected $9.3 million in adjusted gross revenues during November, a 19% decline from a month ago.
Online revenues soared by 53% over last month, but retail locations saw their revenues fizzle by 35 percent.
Since the debut of online sports wagering in October (one month after retail sports wagering went live), retail sports wagering revenues have plummeted by 50 percent.
Draft Kings dominated the Indiana market for the second month in a row, generating more revenue than all 14 retail locations combined. Draft Kings also reported more than twice as much revenue as its primary competitor, Fan Duel.
Hollywood Casino Lawrenceburg ranked as the top-performing retail location by gross revenue during November and was the only retail location where gross revenues increased over last month. Gross revenues fell by more than half at five locations, and eight locations have now seen their sports wagering revenues decline in back-to-back months.
Statewide handle blew past the $100 million mark for the first time, as players placed $147 million in sports bets during November, an increase of $56 million (61%) over last month. Online handle more than doubled from $48 million to $96 million.
Draft Kings reported an astounding $64 million in handle, exceeding the combined handle at all 14 retail locations.
Online accounted for 65% of all handle statewide and 61% of all gross revenues.