Indiana: sports betting recovery in July

Total revenues bounced back by 137%
Total revenues bounced back by 137%

The Indiana Gaming Commission reports improvements in the sports betting market for last month.

US.- July gave sports betting in Indiana its strongest month since March, with revenue up 128 per cent from June to $6.7 million.

Wagers for July reached $71m, an increase of 137 per cent on the $30m staked in June, as the NBA and MLB returned with limited summer schedules.

The main source of income was online wagering, which had suffered massively in May. That state earned $6.7m in tax revenues.

However, despite being the strongest month for sports betting since analysts at note that revenue is still down by around $90 million in comparison with July last year.

Analyst Jessica Welman said: “If the leagues remain healthy, August could help sportsbooks make up some lost ground. But the industry is not out of the woods yet. College football and the NFL still have challenges to overcome, and a significant loss of the football calendar would be a huge hit to sportsbooks.”

Indiana’s casinos reopened in mid-June after three months of closure due to Covid-19, making July the first full month of operations.

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