Indiana’s sports betting landscape demonstrated resilience in August as the state reported a sports betting handle of $238.1 million. This figure was nearly on par with August 2022, which recorded a handle of $238 million, and marked a 16.8% increase from July 2023 when the handle was $203.8 million. The Indiana Gaming Commission disclosed that taxable adjusted gross revenue for August amounted to $23.5 million, representing a 7.5% decrease compared to the same month last year when it stood at $25.4 million.
Market Leaders:
Blue Chip Casino, in partnership with FanDuel, continued to lead the Indiana sports betting market, reporting $8.5 million in revenue and a handle of $71.1 million. Ameristar Casino and DraftKings, despite having a higher handle at $95.6 million, trailed slightly in revenue with $7.7 million. Completing the top three was Belterra Casino and FanDuel, generating $2.7 million in revenue from bets totaling $20.5 million.
Preferred Sports and Betting Trends:
Baseball emerged as the preferred sport among Indiana bettors, attracting $66.8 million in wagers, while basketball bets amounted to $19.8 million, and football wagers reached $17.3 million. Other sports collectively drew $63 million in bets. Parlay bets also garnered attention, with a total spending of $70.7 million. During the month, the state collected $2.2 million in sports betting taxes.
Indiana’s sports betting industry exhibited stability and maintained a strong handle in August, reflecting the enduring appeal of sports wagering in the state. Despite a slight decrease in taxable adjusted gross revenue compared to the previous year, the consistent handle suggests a healthy and engaged sports betting community in Indiana. As the industry continues to evolve, Indiana remains a noteworthy player in the sports betting landscape, with promising prospects for future growth and innovation.