July was a good month for Indiana betting revenue. In fact, it showed a nice recovery for the sports betting market.

The states casinos were finally open leading to amounts wagered more than doubling month-over-month at $70.9m. The online sector gets credit for being the biggest contributor followed by retail.

The US major league sports grew strongly. Looking at the figures, football stakes rose to $1.2m. On the top of the heap baseball betting stakes climbed $2.0m in June to $14.5m, not surprising given the return of sport.

Then there is basketball. Its contribution grew from $618,166 in June to the recent $5.,8m. It is expected to stay strong thanks to the return of the National Basketball Association.

The summer months various play winning and adjustments, cranking revenue up to $6.7m, a 127.9% improvement on the prior month’s total of $2.9m.

DraftKings and FanDuel dominated revenues. As for DraftKings (allied with Penn National Gaming’s Ameristar Casino), it brought in $34.0m of stakes across all channels, plus revenues of $3.1m.

FanDuel partners with Blue Chip Casino. It is responsible for stakes of $24.5m, and revenue of $2.5m. Online generated $24.2m and the property’s retail sportsbook took in $246,297.

It’s great to see everyone up and running. Ameristar Casino didn’t do badly with a handle of $1.2m. In fact, it raked in more than $1 million in stakes for the month, one of only two properties to do so.

The other property is Hollywood Lawrenceburg, a Penn National venue. The total stakes were $3.8m with revenue of $456,754.

Note that $2.7m was staked over the counter. Its sportsbook licensing partner, PointsBet, posted wagers of $1.1m.

In next place comes Belterra Casino at $3.6m with revenue of $410,872. The GVC-MGM Resorts BetMGM joint venture operates under its license.

Source: https://www.igamingbusiness.com/news/indiana-betting-revenue-and-handle-recover-strongly-july

Leave a Reply

Your email address will not be published. Required fields are marked *

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.