Sports betting in Indiana took a turn for the better in August, with the Indiana Gaming Commission (IGC) reporting its highest sports wagering figures since May.
Bettors in the Hoosier State wagered a total of $307.9 million while Indiana sports betting operators took home $32.1 million in revenue (10.42% hold). This marks the fifth month of the year where sportsbooks in Indiana have hit a double-digit hold percentage.
Handle beat out July’s $261.1 million by 17.9%, while revenue improved 10.4% month-over-month.
Total sports betting action has now eclipsed the $3 billion mark through the first eight months of 2024, which is 21% better than the same period last year.
Year-to-date revenue also jumped 26.3% compared to the first eight months of 2023, with the $298.6 million falling just shy of $300 million.
More than $3 million in tax contributions brought the year-to-date total to $28.4 million, which is $5.75 million better year-over-year.
Retail sportsbooks in Indiana win big
Only $7.86 million was wagered through Indiana’s retail sportsbooks, but the in-person operators sure made the most of that relatively small piece of the pie thanks to a 21.35% win rate churning out $1.68 million in retail revenue.
Retail sportsbooks in Indiana have held onto a 9.40% hold for their year-to-date performance, so August’s was a significant gain. Overall, Indiana bettors have wagered $83.43 million this year at retail locations.
Best online sportsbooks in Indiana
DraftKings came out on top in terms of handle and revenue for the first time since November 2023.
It was the only operator to reach a nine-figure handle mark ($111.47 million) and finished with $9.86 million in revenue, but its rival FanDuel still came close in revenue ($9.24 million) despite having a slightly lower handle ($93.08 million).
BetMGM sits on an island in third place being the only sportsbook to hit $30 million.
Caesars, bet365, and Fanatics rounded out the Top 6, all being within about $4 million in handle of one another.
ESPN BET, BetRivers, and Bally Bet were the only other Indiana sports betting operators to top $1 million in handle too.
| Operator | August Handle | Revenue |
|---|---|---|
| DraftKings | $111.47 million | $9.86 million |
| FanDuel | $93.08 million | $9.24 million |
| BetMGM | $30.8 million | $3.03 million |
| Caesars | $16.82 million | $1.44 million |
| bet365 | $14.8 million | $1.1 million |
| Fanatics | $12.68 million | $1.09 million |
| ESPN BET | $8.21 million | $812,200 |
| BetRivers | $5.11 million | $521,000 |
| Bally Bet | $1.85 million | $169,900 |
