Indiana sports betting sees year-over-year increase in June
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June brought about a significant increase in Indiana sports betting revenue and handle year-over-year, but a decrease from last month, according to analysts at PlayIndiana.com.
Hoosiers wagered a total of $298.2 million last month, a 33% increase over June 2023, but a 17.5% drop from May. The drop in numbers was an expected part of the sports betting cycle, as there are fewer popular sports to bet on during the summer months.
Baseball was the most popular sport for Indiana bettors last month, accounting for $83.5 million in wagers, nearly 28% of the state handle.
It was followed by basketball, which brought in $33.3 million in wagers, 11% of the total handle. This is a 38% jump in the basketball handle year-over-year, and analysts suspect the increase is partly due to the increase in eyes on the Indiana Fever with the addition of basketball star Caitlin Clark to the team.
Sports betting operators collected $30.5 million in adjusted gross revenue (AGR), a 56.8% increase over last year, and a 21% decrease month-over-month. The most popular sportsbook in the state this month was DraftKings Sportsbook Indiana, which brought in $113.1 million in bets and $9.9 million AGR last month.
June’s sportsbooks show that Indiana sports betting continues to thrive. With the addition of June’s numbers, the lifetime sports betting handle of the state rose to $17 billion. Indiana is one of only 8 states to go over that mark.