Indiana sports betting revenue grows 35% month-on-month in June
| By Daniel O'Boyle
Sports betting revenue in Indiana increased by 35.0% month-on month in June, and grew sharply by 771.4% year-on-year.
Revenue grew to $25.4m, an increase of $6.6m compared to May this year. When comparing revenue year-on-year, Indiana experienced a rocket growth of 771.4%. This is due to the effects of the novel coronavirus (Covid-19) pandemic, with almost all sports events cancelled or postponed in June 2020.
Sports betting handle for the month was $246.3m, a decrease of $8.1m month-on-month. However, year-on-year, the handle increased by 727.0% from $29.7m in June 2020.
Basketball was the most popular sport to bet on in June, with bets worth $77.0m. This was a slight decrease of 6.4% month-on-month, when basketball betting totaled at $82.3m. Year-on-year, this increase was a staggering $74.6m.