After enjoying something of a rebound in May, Indiana’s sports betting revenues fell back last month despite the reopening of land-based casinos.
iGaming Business and Ficom Leisure are delighted to present the Indiana iGaming Dashboard, providing a monthly breakdown of the latest figures from the Midwestern State’s regulated gambling market.
The data will be updated monthly following the official release of figures from the Indiana Gaming Commission.
After adjustments, sports betting operators in the Hoosier state made collective GGR of just $2.9m last month, down 9.3% on May’s revenues of $3.2m.
The fall was particularly disappointing considering the fact that land-based casinos had reopened halfway through June.
It’s clear that punters didn’t rush back to casinos to bet, with retail handle reaching only $634,486 last month, a huge drop from the $14.0m seen in March when lockdowns were introduced.
It’s an even bigger fall when set against the $41.3m of February, the last month that casinos were able to operate as usual.
Activity was also muted on the online front, with GGR falling to $2.8m in June, down from $3.2m in May.
The revenue fall occurred alongside a corresponding drop in online handle, with turnover falling to $29.1m in June, down 28.1% from May’s $37.3m.
The fall in betting activity could signify a wane in enthusiasm among punters for the more niche sports that some had been betting on during the pandemic.
Last month betting on ‘other’ sports accounted for 68.7% of bets, down from 82.3% in May. On the other hand, traditional sports such as football, basketball and baseball saw slight increases, as did parlay.
DraftKings, via its partnership with Ameristar Casino, continued to dominate the market, holding a 60.1% share of the combined online and retail sports betting market.
Fellow DFS giant FanDuel, which is partnered with Blue Chip Casino, had the next largest market share last month at 30.1%, although its share had fallen from 33.4% in May.
Third-placed French Lick Casino held steady at 5.5% last month.
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