Indiana Sportsbooks Accepted $246.3 Million in Wagers in June

Indiana Online and retail sportsbooks accepted $246.3 million in wagers in June, down 3.2% from $254.4 million in May, according to official reporting released Monday. Despite the drop, average betting volume remained at $8.2 million per day over the 30 days in June, equaling the 31-day average in May.

Sportsbooks generated $26.7 million in gross gaming revenue from June’s wagering, which was up 48.5% from $18.0 million in May. Adjusted gross revenue came in at $25.5 million, yielding $2.4 million in state taxes.

In June, 88.7% of all bets were made online, totaling $218.4 million. DraftKings topped the online market once again by taking in $75.6 million in online bets, down from $81.8 million in April. June’s bets produced $6.2 million in gross receipts. FanDuel remained close on its rival’s heels with $64.2 million in bets, down from $79.3 million in May. Those bets yielded $9.1 million in gross receipts.

In its first full month of operation, Barstool’s online sportsbook settled in sixth place with $10.4 million in bets in June. That produced a win of $33,167. And more competition is coming soon. The PlayUp Sportsbook recently gained market access via Caesars, and 888 will likely bring the Sports Illustrated-branded sportsbook to Indiana, too.

Retail sportsbooks generated the remaining $28.1 million in wagers, up from $26 million in May. Hollywood Lawrenceburg, nearest to Cincinnati, topped retail sportsbooks once again with $9.0 million in wagers, up from $8.4 million in June.