Indiana sports bettors place over $300m bets in May

Best online casino USA

A new milestone has been reached in Indiana regarding the sports betting sector. The state Gaming Commission recently revealed the latest monthly betting reports, showing just over $308 million wagers were placed in May. This amount helps the state reach more than $8 billion wagers, with Indiana becoming the 5th in the US to reach this milestone.

Only a few states have been able to meet the $8 billion mark when it comes to wagers placed. Also on the list are Pennsylvania, New Jersey, Nevada, and Illinois. Indiana first launched sports betting services in late 2019, so it took just over two years to reach the handle achievement.

May Sports Betting Totals

The totals also revealed that Indiana sports betting operators generated just over $30 million in revenues after a win rate of just under 10%. The month of May was 7% better revenue-wise when compared to April, but the handle fell short from month to month by over 14%.

Best online casino USA

Reviewing May 2021 totals, the state was able to see a nice increase of more than 43% when it comes to the bets placed. Revenues were up 29.3% even though the win rate was down. The top operator for the month was FanDuel with over $12 million in earnings and more than $91 million in wagers placed.

DraftKings came in second with $84.1 million bets and a revenue total of over $7.1 million. BetMGM coveted the third spot, generating over $40 million in eagers and $4.4 million in earnings. Caesars came in at number four, with a $30.4 million handle and $1.9 million in revenues.

  Everygame Poker’s Halloween Surprise Includes Halloween Free Spins On 3 Betsoft’s Slots

Retail Provider Details

While online betting reigns supreme, players are visiting retail outlets too. The top operator in the retail sector for May was Hollywood Casino, generating over $7 million in bets. Revenues came in at $885,512. Ameristar and the Horseshoe Hammond work together, bringing in just under $1 million in earnings with more than $5 million in bets placed.

Hard Rock just launched services in the state’s retail sector, with the casino generating a solid $440,000 for its first month in bets. Revenues came in at over $69,000. Rising Star Casino is low on the totem pole but still fared well. The casino has under $70,000 in bets with a win of $9,910.

Regarding sports betting handle post-PASPA, Indiana sits at the 5th spot, just behind Illinois and Pennsylvania, which have generated $12.26bn and $14.32bn respectively. Nevada and New Jersey take the number two and top spot with well over $24bn and $27bn each. It will be interesting to see if Indiana remains in the 5th position when it comes to bets placed or if they may move up as more players start to get in on the action.

An online casino in the USA is a virtual platform that allows individuals to engage in various casino games over the internet. These games often mimic the experience of traditional brick-and-mortar casinos, offering a range of options such as slots, table games, card games, and more. Players can access these online casinos from the comfort of their homes using computers, smartphones, or other devices with an internet connection.

  OpenBet Expands to Brazil via Major Partnership with Play7.Bet

When choosing an online casino in the USA, players should consider factors such as licensing, security, game variety, payment options, and customer support. Reputable online casinos are licensed and regulated by recognized authorities, employ secure encryption methods to protect user data, and offer a fair and transparent gaming experience.

As the online gambling landscape can change, it's advisable to check the current legal status of online gambling in your state and review the specific terms and conditions of any online casino you are considering. Additionally, practicing responsible gambling is essential to ensure a safe and enjoyable experience.

Leave a Reply