Indiana sportsbook market returns to growth in May
Sportsbook stakes in Indiana rose 41.9% month-on-month in May, as players shifted to betting on sports beyond the US major leagues.
The latest figures from the Indiana Gaming Commission reveal amounts wagered rose to $37.0m (£29.0m/€32.6m), of which $30.5m was wagered on sports outside American football, basketball and baseball. While the regulator did not break down this figure any further, it suggests bettors have shifted to sports such as football or table tennis and mixed martial arts, which proved popular in Oregon in May.
Of the major sports, baseball saw the biggest month-on-month improvement, with stakes jumping from $4,981 in April to $959,023 in the month when the Korean Baseball Championship returned. Football’s total dropped 66.8% to $437,753, while basketball stakes declined marginally to $9,908, and parlay bets grew to $5.1m.
After player winnings and adjustments, taxable revenue for May more than doubled to $3.2m.
Looking at the market broken down by operator, DraftKings, via Penn National Gaming’s Ameristar Casino, continued to lead the way. Players wagered $20.1m via the DraftKings app, up 47.5% from April, with revenue for the property amounting to $1.8m after adjustments.
This set it ahead of FanDuel, partnered with Blue Chip Casino, on stakes of $12.3m, up 26.3%. After winnings and adjustments, revenue for the property came in at $1.1m, meaning FanDuel and DraftKings collectively accounted for 86.8% of all stakes, and 90.9% of revenue in May.
Read the full story on iGB North America.