Indiana sports betting handle down but revenue rises in July

Indiana’s sports betting handle fell for the fourth consecutive month but revenue climbed to $20.9m.

US.- Indiana’s sports betting handle for July was $206.6m. That’s 19 per cent lower than June’s $256.3m, but 6.2 per cent higher year-on-year, compared to $194.5m in July 2021. Indiana sportsbooks have accepted $2.5bn in wagers through the first seven months of 2022.

According to the Indiana Gaming Commission, Indiana bookmakers generated $20.9m in taxable revenue for July. That’s 32.3 per cent higher than June, when operators generated $15.8m in taxable revenue. July’s revenue was also up 19.4 per cent year-on-year.

The most popular sport for betting in July was baseball, with bets totalling $76.1m. Basketball wagering amounted to $16.1m and football $2.9m. FanDuel led the online operators with $61.5m in wagers and $7.3m in taxable revenue. DraftKings was a close second with a $60.1m handle and $4.1m in revenue. 

Indiana collected $2m in tax, taking the annual total to date to $17.2m, that’s $2.5m ahead of 2021’s pace for the same period.

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