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Indiana sports betting revenue grows 35% month-on-month in June


Sports betting revenue in Indiana increased by 35.0% month-on month in June, and grew sharply by 771.4% year-on-year.

Revenue grew to $25.4m, an increase of $6.6m compared to May this year. When comparing revenue year-on-year, Indiana experienced a rocket growth of 771.4%. This is due to the effects of the novel coronavirus (Covid-19) pandemic, with almost all sports events cancelled or postponed in June 2020.

Sports betting handle for the month was $246.3m, a decrease of $8.1m month-on-month. However, year-on-year, the handle increased by 727.0% from $29.7m in June 2020.

Basketball was the most popular sport to bet on in June, with bets worth $77.0m. This was a slight decrease of 6.4% month-on-month, when basketball betting totaled at $82.3m. Year-on-year, this increase was a staggering $74.6m.

Baseball was the second most popular sport, with a total of $60.4m. This was a monthly increase of 19.0% and an increase of $52.4m compared to the previous June.

Elsewhere, $58.8m was spent on parlay betting, $1.5m was spent on football and $52.0m was spent betting on other sports. This amounted to $250.0m in total.

In terms of individual casino performances, Blue Chip Casino and its FanDuel sportsbook took the top spot again with $9.2m in revenue from a handle of $65.1m.

Next was the Ameristar Casino and its DraftKings sportsbook, which made $5.9m in revenue with a handle of $83.9m.

Balterra Casino, with its BetMGM sportsbook, ranked third with $3.2m in revenue from $27.9m in handle. Tropicana Evansville and its William Hill sportsbook narrowly came in fourth, with a revenue of $3.1m in June from a handle of $11.8m.