Indiana June Sports Betting Numbers Are Out
The Indiana Gaming Commission has announced the June sports betting numbers, and there was a slight dip from what was reported in May.
The total sports betting handle for June was $246.4 million, a decrease of 3.2% from the figures posted in May.
The drop in total handle didn’t hurt the state when it came to revenue, as that portion of the industry saw an increase. The taxable revenue in June came out to $25.5 million after it was just $18.9 million in May.
Indiana was once the biggest sports betting market in the Midwest portion of the United States, but that is no longer the case. Both Michigan and Illinois have become larger, and the Land of Lincoln has turned into one of the biggest in the United States.
The state of Indiana should expect to see a big boost near the start of the 2021 NFL season, and the Indianapolis Colts will help drive the industry. Basketball has been the most popular sport to bet on since the beginning of 2021, and that trend should continue throughout July.
Basketball accounted for $77 million of the total handle in June, and baseball was next on the list at $60.4 million. Baseball will soon be the only professional sport left playing, and that could lead to some low numbers in July and August.
Online and mobile sports betting continues to be the most popular form of betting as it accounted for 91% of the wagers last month.
Barstool Off to Big Start
Barstool Sportsbook launched in the middle of May, but it was able to rack up some pretty impressive numbers during that time. With just two weeks of operations in May, the site posted a total handle of $6.3 million.
There were some big projections for Barstool in the month of June, but ultimately the site fell a little bit short of those expectations. Last month, Barstool had a total handle of $10.4 million, which was still the sixth-highest mark in the state.
In comparison, June was also the first full month of operation for Betway in the state of Indiana. That site saw just $55,000 in total handle last month, which was easily the lowest amount in the entire state.
DraftKings and FanDuel continue to be the leaders when it comes to sports betting in the state of Indiana. BetMGM has continued to be the third most popular option in the state, but it has struggled to close the gap on the leaders.
In June, DraftKings had a total sports betting handle of $83.9 million. FanDuel brought in just $65.1 million in total handle, falling even further behind its top rival in the industry.
All of the sportsbooks in the state are now gearing up for the Summer Olympics as this will be the first time that this form of betting is available. There are a number of ways to bet on the Olympic Games in Indiana, and each sportsbook can determine which betting markets will be offered.
For more sports news and updates on legal sports betting in Indiana, check out more stories on our blog.
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