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