Data published by the Indiana Gaming Commission has revealed that in July 2022, Indiana sportsbooks recorded $206.6m in handle, down 19.4% on June’s total of $256.3m, but up 6.2% year-over-year.
Reflecting on Q1’s dominant position in the sporting calendar, Indiana’s highest monthly handle declared so far this year was in January when it saw $500.1m.
From the monthly handle, sportsbooks totaled $20.9m in taxable AGR, up significantly from the $15.8m in June, indicating that sports results went more favourably for the sportsbooks.
July’s taxable AGR was also up YoY, with July 2021’s taxable AGR standing at $17.5m.
With a 9.5% tax rate set in stone under the Hoosier State’s sports betting legislation, Indiana sportsbooks contributed $1.98m in tax to the state in July, up 32% on June’s figure of $1.50m and up 19.3% from July 2021’s tax contribution of $1.66m.
The majority of the tax revenue goes to the state general fund and problem gambling solutions.
Breaking down the handle by sport, baseball was by far the most popular in July with the MLB currently in season. Baseball contributed $76.1m in wagers during the month, and was followed in popularity by basketball ($16.1m) and football ($2.9m). Furthermore, $53.2m was wagered on parlay bets, whilst the additional $56.8m was wagered via ‘other’ bets.
Per operator, FanDuel led the way, handling $61.7m and earning $7.4m in AGR during July. DraftKings was next, handling $61.3m and earning just under $5m in AGR. Caesars Sportsbook completed the top three, handling $21.8m and earning $1.8m in AGR.