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Indiana sports betting market suffers June dip


Indiana’s regulated sports betting market saw revenue and handle decline in June, despite the state’s land-based casinos reopening midway through the month.

Amounts wagered across all licensees fell 20.2% month-over-month to $29.8m, according to the latest Indiana Gaming Commission figures. 

With land-based casinos in the state reopening from June 15, retail again contributed to the monthly handle, accounting for $634,486 of stakes.

While sports outside of the most popular US leagues continued to provide the majority of the monthly total, their contribution dropped 33.0% to $20.4m. 

This was mitigated in part by increased stakes on sports such as football, basketball and baseball, at a time when both the National Basketball Association and Major League Baseball are nearing a return to action. 

Football handle was up 44.0% to $630,519 and basketball stakes jumped from just $9,908 in May to $618,166. Baseball was the standout performer, with stakes jumping from $959,023 in the prior month, to $2.0m.

After winnings were paid out and adjustments, taxable revenue fell 8.1% month-on-month to $2.9m. 

As in May, just four licensees generated taxable revenue for June, with all others seeing online revenue wiped out by retail losses

Looking at market share, Penn National Gaming’s Ameristar East Chicago and sublicensee DraftKings continue to sit atop the rankings, accounting for $18.4m of handle, and $1.8m of revenue. FanDuel and Blue Chip Casino followed in second, with customers staking $7.9m, resulting in revenue of $878,755.

French Lick Resorts’ BetRivers-branded sportsbook followed in a distant third, on stakes of $1.3m and revenue of $160,220. Belterra Casino and BetMGM followed in fourth, with handle of $1.1m, from which it held $127,975.