Indiana reports July sports betting handle of $195m
Indiana sportsbooks generated July handle of $195m, a 21% drop from June.
Sportsbooks accepted $6.3m in wagers per day in July, compared to $8.2m in June. The drop in handle reflects a slowdown of the US sports calendar during the summer months, particularly in states like Indiana that lack a Major League Baseball team.
Online wagers accounted for $175m, or 90%, of July handle.
Even with the drop in wagers, Indiana surpassed $4bn in lifetime handle, including $3bn placed in the last year. Indiana is the state with the second smallest population to top $4bn in lifetime handle, following Nevada.
Baseball led all sports in handle with $63.5m, an increase from $60.5m in June. Basketball accounted for another $26.8m as hoops-crazed Hoosiers put plenty of money on the NBA Finals.
Revenue expectedly fell in July, with adjusted gaming revenue reaching $17.5m, which yielded $1.7m in state taxes.
DraftKings led the online market with $60.2m in wagers and was second in revenue with $4.7m. rival FanDuel took in $54.3m in handle but topped the state in revenue with $5.3m. FanDuel’s revenue was down from $9.1m in June.
BetMGM was a distant third in handle with $25.6m. The operator took in $2.2m of revenue.
From there, several operators tightly battled for marketplace standings. William Hill (now Caesars Sportsbook) took in $7.9m in handle, followed by Barstool ($7.2m), PointsBet ($7m) and BetRivers ($6.9m).
Sportsbooks should see an increase of football wagers in August as the NFL preseason returns to action. The Indianapolis Colts play three preseason games between Aug. 15-27.
The Colts recently announced a ticket promotion with FanDuel. The team is offering $100 in FanDuel site credits to fans who purchase a four-regular season game ticket package.
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