Basketball Keeps Indiana Sports Betting Afloat in June With $246M Handle

Spread the Word:

Indiana sports betting kept afloat amid the peak of the summer slump as it reported $246 million in June handle, down 3.2% from May’s $254.4 million. Basketball betting and the addition of two operators – Barstool Sportsbook and Betway – kept the market somewhat stable during sleepy months in US sports betting.

The Hoosier State started sports betting in September 2019 and posted its highest-ever sports betting handle in January when the sportsbooks’ took in $348.2 million.

Mobile betting accounted for more than 90% of the total sports betting action in June.

Revenue Increased in June

Despite the lower handle, Indiana sportsbooks could be able to extract more revenue for the month of June. Last month’s adjusted gross revenue (AGR) – or taxable sports betting revenue – was $25.5 million, up 35% from May’s $18.9 million. The higher AGR led the state to generate increased sports betting tax of $2.4 million, which was also up 35% from May.

According to the monthly figures released Monday by the Indiana Gaming Commission, the June handle pushed the lifetime revenue for Indiana sportsbooks over the $300 million mark.

Online Sports Betting Clear Winner

Despite having nine casinos and two racinos with retail sports betting facilities, online sports betting in Indiana clearly dominated as it did in May. According to the official report,  the mobile sports betting handle in June was $224 million. Though it was slightly less than May’s $234 million, June’s mobile betting accounted for 91% of the overall sports bets placed during the month.

Meanwhile, the Indiana casino industry won $205 million for June, representing a 15% decline from May’s $241.4 million.

Operators By Numbers

DraftKings – which partners with Ameristar Casino – saw the largest handle for any sportsbook in the Hoosier State in June. The Boston-based operator reported $83.9 million in total bets last month.

The rival FanDuel – which serves as a Blue Chip Casino skin – posted the second-highest handle of $65.1 million. Despite the lower handle, FanDuel posted a larger AGR of $9.2 million compared to DraftKing’s $5.9 million.

DraftKings piled up its gain at the expense of FanDuel in June as the difference between the two leading giants was not more than $2.5 million in May, with DraftKings leading slightly at $81.8 million.

BetMGM reported a handle of $29 million for the second straight month, had a taxable AGR of $3.3 million.

Barstool Factor in Indiana

While DraftKings and FanDuel remain the top two – like in most other legal sports betting states – Barstool’s partnered casino came in at third in Indiana sports betting last month. Hollywood Lawrenceburg – which has PointsBet as its other digital partner – took in $34.1 million in June.

Barstool Sportsbook launched in the Hoosier State in May amid the NBA playoffs and the Indianapolis 500. June was the first full month of operation for the digital media company, which reported more than $10.4 million in handle throughout the month, making it the sixth-most wagered on operator in the state.

Barstool, which went live May 18, had reported a $6.3 million handle during its launch month. Though Barstool’s handle resulted in only $33,000 worth of gross receipts, the Penn National Gaming’s subsidiary clearly outperformed Betway, which also had its first full month of operation last month and posted only $55,000 in the monthly handle.

Basketball Most Popular Again

Basketball continues to be the most favorite sport among Hoosiers, who wagered more than $77 million on the game last month.

Baseball took in $60.4 million, the second-highest handle for the month, while football posted just $1.5 million in June handle.

Parley bets accounted for $58.8 million, while the ‘Other’ category took in $52 million worth of bets for Indiana sports betting in June.

Basketball has been leading the Indiana sports betting scene throughout this year except for the NFL season. The sport continues to lead the trend through July as the NBA Finals are currently taking place.

Related News

Indiana city skyline
August 24, 2021

Indiana Regulators Approve Caesars Southern Indiana $250M Sale

The Indiana Gaming Commission has approved the $250 million sale of Caesars Southern Indiana casino to North Carolina-based EBCI Holdings. The decision was taken at the commission’s public business meeting […]

read more
NCAA March Madness 2021
April 13, 2021

Indiana Sports Betting Posts Basketball-boosted $316.7M in March

Indiana sports betting recovered from a sluggish February, with a 15% jump to $316.7 million in handle in March. February brought dips in handle across the entire US market thanks […]

read more
Barstool retail sportsbook
May 23, 2021

Barstool Sportsbook Launches in Indiana Online Sports Betting Market

Barstool Sportsbook launched its online sports betting app Tuesday in the Indiana sports betting market, ahead of the NBA playoffs and the Indianapolis 500. Penn National Gaming had announced the […]

read more
January 20, 2020

Indiana Charitable Gaming Laws

Indiana CHARITY GAMING IC 4-32.2-1 Chapter 1. General Provisions IC 4-32.2-1-1 Application of article Sec. 1. (a) This article applies only to a qualified organization.(b) This article applies only to […]

read more
Indiana
January 16, 2021

Indiana Becomes Fifth State to Ever Cross $300M Monthly Handle in December

Indiana has become the fifth US state to ever cross $300 million in monthly sports betting handle with its record-breaking handle in December. The Hoosier State also concluded 2020 with […]

read more
Indiana city skyline
June 16, 2021

Indiana Sports Betting Posts $254M in May Handle, Up 7.6%

Indiana sports betting has emerged from April slumber, witnessing a 7.6% increase to $254.4 million in May handle, compared to $236.4 million a month prior. The modest growth was thanks […]

read more
Indiana Hoosiers helmets
March 15, 2021

Indiana Sports Betting Streak Ends as February’s Handle Dips 21%

February has ended Indiana sports betting’s five-month streak of record-setting handles, nosediving 21.4% to $273.9 million for the month. The Hoosier State saw the biggest month in January, which brought […]

read more
April 8, 2022

Indiana Online Sports Betting

Online sports betting is now live in Indiana, with state-wide mobile betting launching in October 2019, meaning there are plenty of opportunities to bet on your favorite sports online. Today, […]

read more
Hard Rock Casino Gary
August 17, 2021

Indiana Sees $3bn in Sports Betting Handle in Last 12 Months

Though the summer slump pushed Indiana sports betting handle to below $200 million for the first time in almost a year, the state saw $3 billion since July 2020. The […]

read more
Indianaopolis
February 15, 2021

Indiana Welcomes January With Record Sports Betting Handle of $348M

While building on its sports betting records for the fifth straight month, Indiana posted a handle of more than $348 million in January. According to state figures released Friday by […]

read more
April 8, 2022

Indiana Online Casinos

Playing at online casinos in Indiana is illegal and there are no regulated sites in the state. However, a few steps were taken towards legalizing the industry in 2020 by […]

read more
Indiana city skyline
May 17, 2021

Indiana Sports Betting Tops $1bn in First Four Months of 2021

Indiana sports betting has topped the $1 billion mark in the first four months of this year despite a 25% decline in April’s handle. The Hoosier State saw a huge […]

read more

Stay Updated & Receive Exclusive Offers

Be the first to know when new states legalize online gambling and gain access to exclusive casino and sports betting promotional offers.