Indiana August Sports Betting Handle Up 11%, Posts $215.6M

Indiana August Sports Betting Handle Up 11%, Posts $215.6M
© USA Today

The return of the NFL and college football helped boost Indiana sports betting in August, a good sign for the rest of the year.

After a 21% handle drop in July, Indiana saw a 10.9% increase in sports betting, reporting $215.6 million in handle for the month. July’s total handle was $194.5 million.

Despite the higher handle, adjusted gross sports wagering revenue decreased 5.2% to $16.5 million, down from July’s $17.4 million. The state received $1.57 million in sports wagering tax, also down 5.2% from July’s $1.7 million.

On the casino side of Indiana gambling, the total casino win for the month was $209.3 million, down 8.9% from July’s $229.8 million. Taxable adjusted gross revenue was $190.4 million, down 10.3% from July’s $212.2 million.

Indiana Sports Betting Revenue & Handle, August vs. July

Total handleMobile handleRevenue (taxable AGR)
Change Up 10.9% Up 11.6% Down 5.2%

DraftKings, FanDuel Lead Way on Mobile

DraftKings Sportsbook and FanDuel Sportsbook continue to be the dominant online sportsbooks in Indiana, topping the handle charts once again. Ameristar Casino is partnered with DraftKings and reported $74.2 million in handle and $4.4 million in gross receipts for August.

FanDuel took in $52.6 million in bets and had $4.9 million in gross receipts, while BetMGM and Belterra was the next closest operator. BetMGM Sportsbook had $26.2 million in handle and $2.5 million in gross receipts.

The Barstool Sportsbook was fourth in handle at $8.6 million, while PointsBet ($6 million) and BetRivers ($5.7 million) came next. Barstool and PointsBet are both partners with Hollywood Lawrenceburg. BetRivers is partnered with French Lick Resort.

Mobile Dominates State Handle

Indiana has 11 casinos that offer online sports betting, retail sportsbooks or both. Similar to July, just over 92% of all sports bets in August were placed on a mobile device. The total online handle for the month was $199.8 million, up 11.6% from July’s $179 million.

Baseball was the most bet on individual sport, taking in a total of $68.3 million in bets, while football was second at $13.9 million. Parlay bets accounted for $82.4 million of the overall handle for the month.

Indiana will likely continue to see boosts to its overall sports betting handle in the coming months. The NFL betting and college football wagering are regularly two huge draws nationally.

It’s telling that football was the second-most wagered on sport in Indiana for August despite having a limited number of games. Going forward, both the NFL and college football will have full schedules every weekend for months, with games also on during the week.

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