DraftKings Secures More Indiana Sports Betting Handle In June

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Indiana sports betting

DraftKings grabbed 40% of Indiana sports betting handle in June, its most significant share of overall betting dollars since February 2021.

Indiana sports bettors spent $88.9 million with DraftKings Sportsbook last month, 99% of which came online. DraftKings was the only major IN sports betting app to post year-over-year handle gains in June, increasing online dollars by 24% from June 2022 ($70.8 million.)

According to figures released Wednesday by the Indiana Gaming Commission, FanDuel Sportsbook handled $69.7 million, or 31% of the market, between its retail and online operation in June. FanDuel’s annual handle dropped 12% from the same month last year ($79.4 million.)

Sports betting handle share grows for DraftKings

DraftKings increased its handle share elsewhere last month, too.

It finished ahead of FanDuel in overall NY sports betting handle in June for the first time.

DraftKings also increased its share of Maryland sports betting handle to 37% last month, up from 31% in March. It still finished second behind FanDuel in overall share of mobile sports betting handle.

Revenue share a different story

DraftKings and FanDuel were running close together in market share of handle for the last several months before DraftKings took a more considerable leap in June. However, the share of IN sports betting revenue shows FanDuel with an edge.

With its $8.3 million in online revenue, FanDuel claimed 47% of the market. DraftKings took 32%, making $5.7 million in online revenue. FanDuel’s hold, or win rate, was nearly twice as high as DraftKings’ in June, at 12% and 6.6%, respectively.

BetMGM made $1.9 million for 11% of all mobile Indiana sports betting revenue. Barstool Sportsbook lost 2.4% online last month, paying out $103,300 more than it took in.

June IN sports betting numbers

Total sports betting handle in Indiana reached $224 million in June, a 13% decline over the same month last year ($256.3 million.)

Revenue surpassed $19 million for the month, a 22% bump over June 2022 ($15.6 million.)

The state also collected $1.8 million in sports betting taxes.