Indiana betting revenue and handle dip in June

Indiana’s sports betting market saw a drop in handle and revenue despite the reopening of land-based casinos.

According to the Indiana Gaming Commission’s (IGC) latest figures, bettors wagered $29.8m on sports in June representing a 20.2% month-on-month decrease on the $37.3m wagered in May.

With the reopening of Indiana’s land-based casinos on 15 June, bettors wagered $634,486 at casino sportsbooks.

After paying out winnings, the state’s sportsbooks generated $2.9m in taxable revenue, down from the $3.2m generated in May.

Looking closer at the figures?

Penn National Gaming’s Ameristar East Chicago and its online partner, DraftKings, led the market in June. According to the figures, the licensee accounted for $18.4m of the state’s total handle and generated $1.8m in revenue.

Blue Chip Casino, which is partnered with FanDuel, came in second place after generating $878,755 in revenue from $7.9m in bets.

French Lick Resorts’ BetRivers-branded sportsbook came in third place with $160,220 in revenue after bettors wagered $1.3m with the sportsbook.

Belterra Casino and its online partner BetMGM came in fourth place with $1.1m In betting handle and $127,975 in taxable revenue.

What did people bet on?

As most major league sports have yet to resume, international sporting events once again accounted for the majority of the state’s handle. According to the figures, bettors wagered $20.4m on other sporting events.

Football betting handle amounted to $630,519, a 44% increase on the $6,608 wagered on football in May.

Baseball betting handle jumped to $2m in June up from the $959,023 wagered the month prior.

Sports betting in Indiana

Indiana became the tenth state to legalize sports betting following the repeal of the Professional and Amateur Sports Protection Act (PASPA) in 2018.

The state’s Governor, Eric Holcomb, signed HB 1015 into law in May 2019, legalizing land-based and state-wide mobile sports betting in the state of Indiana. Bettors can sign up for online sportsbook accounts remotely, from anywhere within the state.

Sports betting went live in Indiana on 1 September 2019, at the Ameristar Casino Hotel East Chicago, the Hollywood Casino & Hotel Lawrenceburg and Indiana Grand Racing & Casino

At the time of writing, bettors in the Hoosier State have several online sports betting options which include DraftKings, FanDuel, BetRivers, BetAmerica, PointsBet and BetMGM.

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