Indiana Sports Betting Closes Fourth Year With August Handle Bump

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Indiana sports betting

Indiana sports betting handle reached $238 million in August, completing the market’s fourth full year of legal operations.

According to figures released Tuesday by the Indiana Gaming Commission, last month’s IN sports betting handle was nearly identical to August handle a year ago ($237.9 million.)

It was, however, a 17% increase over July handle, which came in at $203.7 million.

Four-year financials for IN sports betting

Hoosier State sports bettors have wagered $12.98 billion since the first sportsbook opened in September 2019.

With a win rate near 8.5%, Indiana sportsbooks have generated more than $1.1 billion in revenue, while sending the state $105.5 million in taxes.

Indiana ranks as one of the top 10 US sports betting markets by that measure.

Leader of IN sports betting pack

DraftKings handled $94 million online last month, the most of all IN sports betting apps. It accounted for 42% of all sports betting dollars in August, DraftKings’ highest share of handle in Indiana since February 2021.

The most recent monthly total for DraftKings was a 31% year-over-year increase compared to its $71.7 million online handle from August 2022.

DraftKings claimed the top handle spot in Indiana in three consecutive months.

Getting a handle on the books

FanDuel accepted $70.8 million in August bets, good for 32% of the handle market.

BetMGM ($19.9 million) and Caesars ($16.9 million) were the only other online operators to accept eight figures in bets.

WynnBet accepted $666,275 in bets before shutting down its Indiana app halfway through August.

Race for revenue led by FanDuel

Indiana sportsbooks cleared $23.6 million in revenue between online and in-person betting.

FanDuel produced the most online revenue in August at $8.4 million. DraftKings was next with $7.5 million in online revenue.

BetMGM ($2.6 million) and Caesars ($1.3 million) were the only other operators to clear more than $1 million online in August.

The Hoosier State collected $2.2 million in monthly sports betting taxes.