Indiana sports betting numbers get a nice August bump

The Indiana Gaming Commission reported Monday that retail and online sportsbooks handled $238 million in wagers for August — a nearly double-digit percentage increase both from the previous month and in August 2021.

Last Updated: September 12, 2022 4:52 PM ET
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Sports betting in Indiana surged in football betting, giving Hoosier State a boost in legal sports betting revenue for the month of August, according to figures released Monday by the Indiana Gaming Commission.

The state took in $238 million for the month of August, a 14.1% increase from July’s $206.6 million and a 9.9% increase year over year. other compared to the August 2021 total of $215.6 million.

August earnings bets ended a four-month streak of monthly handle declines, and they are still well below March’s $476.8 million. Nonetheless, retail and online sports betting revenue provided $25.4 million in taxable revenue – with Indiana’s tax rate for operators at 9.5%, this translated to 2 $.4 million in state taxes.

(Draft) Indiana Kings

There are 13 sportsbooks partnered with state casinos, several of which were launched within a month of betting legalization in September 2019.

FanDuel recently ruled the state in terms of sports betting management…until August.

For the first time since February, DraftKings has overtaken its main rival in online betting. The Boston-based company generated $71.7 million in bets, slightly ahead of New York-based FanDuel, which despite having nearly half of the online sports betting market share in the United States , had a handful of $69.6 million.

BetMGM was third with $28.6m, followed by Caesars with $19.8m (and another $9.1m in retail sports betting), then BarStool Sportsbook, BetRivers and Unibet rounding out the operators above of $5 million.

Football makes big gains

Baseball was again the processing leader, accounting for $77.6 million in August tickets – an increase of $1.5 million from July and $9.3 million more than the August figure. August 2021 of $68.3 million.

The biggest winner, unsurprisingly, was football. With the preseason starting in August, the sport brought in $17.6 million, which is about $15 million more in wagers than in July and a 23.5% increase from August 2021.

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