Hoosier State bettors have been kicking back so far this summer.
While sports such as baseball have managed to pick up some of the sports-betting slack in Indiana, it wasn’t enough last month to stop the state from reporting its second consecutive monthly decline in handle.
It was a bit of a steep drop last month as well. The Indiana Gaming Commission reported on Thursday the state's sports-wagering handle for July was approximately $194.5 million, which was a 21-percent decrease from the $246.3 million in wagers taken in June and followed $254.4 million in bets for May.
After paying out winners, Indiana's adjusted gross revenue from sports wagering clocked in at $17.4 million last month, or a hold of 8.9 percent. June's sports-betting revenue and win percentage had been about $25.5 million and 10.3 percent, respectively.
The summertime blues
Indiana hasn't been the only state to fall victim to a sleepier summer sports schedule thus far, as Iowa reported a similar-sized dip in its handle for July.
Still, the leading sportsbook in Indiana last month was DraftKings, which boasted an online handle of $60.2 million. The runner-up was FanDuel, with $54.3 million in internet-based bets.
Indiana’s top retail outlet in July was the Barstool Sportsbook at Hollywood Casino Lawrenceburg, which took $5.9 million in bets that were placed in person.
The sport that drew the most amount of money last month in Indiana was baseball, with $63.5 million in wagers, up a bit from the $60.5 million in bets for June. The sports-wagering tax collected was approximately $1.7 million.
Wagers can be made both online and in-person in Indiana, which launched legal sports betting back in 2019.
