Indiana Sports Betting Soars to $238.1 Million in August

Date: 2023-09-13 Author: Dima Zakharov Categories: SPORTS BETTING
news-banner

In the world of sports betting, Indiana is making headlines once again. The state's sports betting handle for the month of August reached an impressive $238.1 million, creating a buzz in the industry. What's even more remarkable is that this figure closely mirrors the handle from August 2022, which stood at $238 million. Additionally, it marks a substantial 16.8% increase compared to July of this year, when the handle was $203.8 million.


The Indiana Gaming Commission reports that the taxable adjusted gross revenue for August amounted to $23.5 million. While this represents a decrease of 7.5% compared to last August's revenue of $25.4 million, it's still a substantial sum.


Leading the charge in Indiana's sports betting market are Blue Chip Casino and their partner FanDuel, who raked in $8.5 million in revenue with a handle of $71.1 million. Ameristar Casino and DraftKings, on the other hand, boasted a higher handle at $95.6 million but fell slightly behind in revenue with $7.7 million. Notably, Belterra Casino, in partnership with FanDuel, secured the third position with $2.7 million in revenue generated from $20.5 million in bets.


When it comes to the sports that captured the hearts of Indiana bettors, baseball emerged as the clear favorite, attracting $66.8 million in bets. Basketball followed closely behind with a total of $19.8 million, and football wasn't far behind with $17.3 million in bets. Meanwhile, other sports collectively drew in $63 million in wagers, demonstrating the diverse interests of Indiana's sports enthusiasts. Additionally, a significant $70.7 million was spent on parlay bets, highlighting the popularity of this particular betting style.


It's worth noting that the state benefited from this surge in sports betting activity, collecting $2.2 million in sports betting tax revenue during the month. The Indiana sports betting landscape continues to thrive, with no signs of slowing down.
image

Leave Your Comments