Indiana sports betting operators generated 38% more basketball wagers compared to the same month in 2023.
, which recently released its June report, doesn’t divide basketball between the NBA and WNBA, but the Indiana Fever and their No. 1 overall draft pick are likely reasons for a 38% year-over-year increase in basketball wagering.
The Hoosier State generated June adjusted gross revenue of $30.5 million, up nearly 57% from the same month in 2023, on a handle of $298.2 million, thanks to a 10.2% hold. While that’s down 17% month-over-month, it’s up 33% year-over-year. The first six months of 2024 have produced $2.4 billion in wagers in the Hoosier State while revenue has increased 25% from the same period in 2023 to $237.4 million.
Sports betting operators paid out $2.9 million in taxes in June, filling state coffers with over $22.5 million in revenue to date in 2024. DraftKings took the top spot with $113.1 million in June handle, besting FanDuel by $29.5 million in the amount wagered. However, FanDuel’s impressive 14% hold gave the online sportsbook the revenue edge.
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