Indiana’s regulated sports betting market kicked off 2026 with an impressive $523.4 million in total wagers, generating $49.28 million in adjusted gross revenue (AGR) along with $4.68 million in state tax contributions.

Although the handle saw a slight decline compared to January 2025, the overall performance remains in line with a stable and mature Midwestern market. Adjusted gross revenue is calculated by subtracting payouts and applicable adjustments from total wagers.

Because the handle includes bets placed on future events, straightforward win percentage calculations might not fully match the reported AGR for any single month. The state’s tax rate on sports wagering AGR stands at 9.5%, which corresponds to the $4.68 million collected in January.

The implied hold rate for the month is just below 9.5%, which aligns with Indiana’s typical winter performance during peak football and basketball seasons. Market leaders FanDuel and DraftKings continue to dominate Indiana sports betting, together accounting for over 65% of the total handle. Their significant scale enables them to secure the majority of revenue, particularly during months with a high volume of parlay bets.