Indiana sports betting revenue decreased in June

Simona Boshkova | Published 14 Jul 2020, 10:03 a.m.

As it seems, a week cannot go by without the United States being included in the gambling news. At the beginning of this month, we gave you sports betting updates on the situation in Michigan and Illinois. As announced, the Michigan Gaming Control Board started accepting sports betting licence applications, while DraftKings entered Illinois sports betting market.

While more and more US states are welcoming sports betting, some of them have released the revenue numbers for May and June. Today we’re bringing you news about Indiana, which saw a revenue decrease in June. On the other side, the Colorado sports betting market is only getting stronger and reported huge revenue figures for May.

Indiana sports betting fell more than 20% in June

According to the figures that the state released the previous week, sports betting at Indiana sportsbooks fell more than 20% in June, regardless of the fact that the casinos started working again and sports events started to return. The final figures show that the sports betting handle in June was $29m, a 20.2% decrease from $37m revenue in May, in terms of mobile sports betting. The wagering was down at almost 50% at both Hollywood Lawrenceburg (PointsBet) and French Lick Resort (BetRivers). This led to a decline of more than $8m in mobile sports betting in June.

Furthermore, land-based casinos in Indiana reopened in the middle of the month after being closed for months. Still, casino reopenings boosted the overall revenue for Indiana in June. The state reported $634,486 retail sports betting revenue in June. The casino revenue figures were 0$ in both April and May due to their closure.

Even if many casinos and sports events were closed this spring, Indiana continued to draw revenue thanks to the mobile sports betting market. During April and May, Indiana sportsbooks offered options like German basketball and Korean baseball, from which they draw more than $37m in sports betting handle. Indiana sports bettors are still waiting for major sports leagues to return, so they’ve turned to other sports, from which they received $20m revenue in June.

Colorado sports betting reported great revenue figures after launching in May

Colorado’s online sports betting made its launch in May and it’s only getting stronger. After launching on May 1st, the Colorado Limited Gaming Control Commission reported $25.6m in total sports revenue for the month. All of the revenue was from online betting since there were no retail sportsbooks opened in May. According to the figures, the top sport in May wagering was table tennis that draw over $6m in revenue. Next are martial arts, football, and golf.

When sports betting was launched in Colorado, four online sportsbooks went live and there were limited betting options - only eSports and table tennis. However, the number of online sportsbooks and betting options has increased since May. For example, we’ve reported that Betsson entered the Colorado sports betting market at the end of June. Now, the land-based casinos in Colorado are opened as well, so it’s expected that the state will see even bigger revenue figures in the upcoming months.

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