Strong Indiana and Iowa Sports Betting Numbers Posted
Indiana and Iowa sports betting had a pretty good month, even though June is always a slow month for the legal sports betting industry in the United States. There just aren’t enough sporting events to attract bettors, and states usually see a dip in the total handle and revenue throughout the summer.
Both Indiana and Iowa sports betting recently reported totals for June, and each state actually did better than expected. The numbers were not on par with what was brought in during the month of May, but each state has seen growth compared to 2021.
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FanDuel, DraftKings Leading in Indiana
There is a competitive online sports betting industry in the state of Indiana, but FanDuel and DraftKings continue to lead the way. Those two online sportsbooks combined for a handle of more than $153 million to help the state post an impressive total.
The total sports betting handle for the state of Indiana was $256 million, and that was a dip from the $308 million that was reported in May. Indiana posted a total handle of 4% higher than what was reported in June 2021, showing that the market is still growing.
Baseball was the most popular sport to wager on during the month of June as it brought in $84.6 million in bets. Basketball had been carrying the state since January, but the NBA action dipped off during the month.
Indiana bettors are also likely to see some new sportsbook options soon as there could be up to six new sportsbooks set to enter the state. Hard Rock Sportsbook, SI Sportsbook, and MaximBet are all planning to launch in Indiana, and a launch is likely before the NFL season.
Iowa Sports Betting Experiences 10% Jump
Iowa is a much smaller sports betting market than Indiana, despite having more sports betting options available. The 18 online sportsbooks of Iowa sports betting combined to bring in $122.4 million in wagers in June, and that was an increase of 10% from the June 2021 total.
The sports betting handle has been on a pretty sharp decline since March, and the total handle in June was significantly less than the $147.9 million that came in during the month of May. The sports betting revenue for the month of June was $6.6 million, bringing in over $440,000 in tax revenue for the state.
Iowa bettors have plenty of retail options to choose from, but over 85% of all wagers were placed online last month. Just like with Indiana, there are a couple of sportsbooks that lead the way and attract the most betting action.
DraftKings Sportsbook actually took the top spot in Iowa as it posted a total sports betting handle of $32.3 million. FanDuel was a close second with $30.6 million, and Caesars and BetMGM combined for close to $34 million.
