Indiana sports betting handle decline continues in July
Indiana’s sports betting handle fell for the fourth consecutive month during July, with the $206.6m (£170.9m/€202.5m) wagered by players the lowest monthly total of the calendar year.
July’s total was 19.4% lower than the $256.3m spent by consumers in June, but 6.2% higher than the $194.5m bet during July of last year.
Of this total, $76.1m was spent on baseball betting, with $16.1m on basketball and $2.9m on football. A further $53.5m worth of parlay bets were place in the month, while $56.8m was bet on other sports.
In terms of taxable adjusted gross revenue from sports betting, this amounted to $20.9m, which was 32.3% higher than $15.8m in June this year and also 19.4% up from $17.5m in July 2021
Blue Chip Casino and partner FanDuel retained top spot with $7.4m in revenue off $61.7m in bets ahead of the Ameristar Casino and partner DraftKings with $5.0m in revenue and a $61.3m handle.
Belterra Casino and its FanDuel-operated sportsbook placed third with $3.1m in revenue off a handle of $26.3m.
The state was also able to collect $2.0m in sports betting tax during the month.