The sports betting market in Indiana delivered a robust performance to close out the year. According to the latest report from the Indiana Gaming Commission, taxable adjusted gross revenue in the state doubled compared to the same period in the previous year.
Revenue Growth Amidst Handle Decline
Taxable adjusted gross revenue climbed from 31.5 million dollars in December 2024 to 65 million dollars in December 2025. This represents a significant rise of 106.5 percent year on year. However, on a month on month basis, revenue fell by 5.8 percent from the 69.1 million dollars recorded in November.
Interestingly, the surge in revenue occurred despite a drop in overall betting volume. The report shows that the handle fell 3.4 percent year on year dropping from 563.6 million dollars to 544.4 million dollars. Furthermore, the handle decreased by 15.1 percent compared to the 640.99 million dollars wagered in November.
Tax Contributions to the State
The increase in operator retention led to a healthy tax yield for the state. Sports betting taxes in Indiana for the month of December amounted to 6.2 million dollars. The data suggests that while fewer dollars were wagered overall, sportsbooks were significantly more successful in holding a higher percentage of those bets compared to the previous year.
This trend indicates a high hold rate for operators during the busy holiday sporting calendar.
