LAS VEGAS — Indiana became the fifth state in U.S. history to surpass $300 million in bets in a month in December, ending 2020 with four consecutive record months, more than $1.75 billion in bets and passing $2 billion in lifetime wagers.

“Nothing could have recouped the revenue losses from the cancelation of the NCAA Tournament and much of the baseball season,” said Jessica Welman, analyst for

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