Browse articles by topic

Indiana betting revenue soars year-on-year to $17.5m but down from June


The state of Indiana recorded sports betting revenue figures of $17.5m, representing a 161.2% increase from the same month last year. 

The easing of novel coronavirus (Covid-19) restrictions has seen increased activity in venues, leading to a statewide handle increase to $194.5m – up 174.7%. However, revenue was down from June, when operators took in $25.4m.

Handle and revenue are down from the previous month however, falling 21.0% from $246.3m and 31.4% from $25.5m respectively.

Blue Chip Casino, using a FanDuel sportsbook, continued to be the best performer in the state generating $5.3m of revenue. It was closely followed by Ameristar Casino and its DraftKings sportsbook, who raised $5.2m.

Hollywood Lawrenceburg and its Barstool product rounded out the top three with $2.4m. It experienced the largest year on year increase compared to other casinos in the state, with its revenue rising 380.0%.

Ameristar took the most money, recording a handle of $66.6m. Blue Chip were second with $54.8m, while Belterra took $25.9m.

Baseball overtook basketball as the most popular sport to bet on during July, with customers staking $63.5m. Other bets accounted for $53.8m, followed by parlay with $45.3m.

Basketball fell to fourth in the rankings with $26.8m following the completion of the NBA play-offs. A further $2.2m was wagered on football.