Despite collecting more wagers, sportsbooks saw a month-to-month drop in revenue, with August earnings coming out to $16.5m. That is down 5.2% compared to July. The operator statewide win rate for August was 7.7% versus 8.2% the month prior.
Sports bettors in Indiana had three opportunities to wager on the Indianapolis Colts in preseason games last month, which certainly boosted handle. College football also held its first weekend of games on August 28 and though hometown favorite Notre Dame wasn’t scheduled to start its season until the following weekend, the return of college football undoubtedly increased bettors’ appetite.
The Indiana Gaming Commission does not break down wagers by sport but does include parlay figures. In August parlays accounted $82.3m, or 38.2%, of all handle.
Among online operators, DraftKings led the market in handle with $74.2m, well ahead of runner-up FanDuel with $52.6m. However, it was FanDuel who came ahead in revenue, earning $4.9m compared to DraftKings’ $4.4m.
BetMGM was third with handle of $26.2m and revenue of $2.5m, while Caesars Sportsbook placed fourth with $16.9m in bets and $977,000 in revenue.
Hollywood Lawrenceburg led all retail sportsbooks with handle of $5.8m, followed by Ameristar East Chicago with $3.4m and Harrah’s Hoosier Park with $3.1m.
