Indiana betting revenue tops $100m in first year
| By Daniel O'Boyle
Indiana sportsbooks took in revenue of $9.8m in June, up 47.6% from July, as stakes hit $1.20bn and revenue exceeded $100m for the first 12 months of legal sports betting in the state.
Indiana sportsbooks took in revenue of $9.8m in June, up 47.6% from July, as stakes hit $1.20bn and revenue exceeded $100m for the first 12 months of legal sports betting in the state.
The $9.8m in revenue came on handle of $169.0m, up 138.4% year-on-year, while operators paid wagering taxes of $934,314. All three figures were the highest totals since February, before the impact of the novel coronavirus (Covid-19) in the US.
Before adjustments, revenue came to $12.5m, of which $10.0m was online and the remaining $2.5m from retail.
Online betting handle came to $143.9m, while retail made up the remaining $25.1m. Both the online handle and online revenue figures were records for the Hoosier state.
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