The Indiana Gaming Commission reported Monday that sportsbook operators totaled $25.4 million in adjusted revenue for August, with the house enjoying another strong month versus the betting public.
The 10.7% win rate for the month was the third highest recorded in 36 months of sports wagering in the Hoosier State and marked the first time operators had consecutive months with holds above 10% since the first two months of operation in September and October of 2019. Those two months are also the only ones with a higher hold than the percentage reported for August. The first month of sports wagering in Indiana was exclusively retail before mobile launched shortly thereafter. Indiana operators have posted a win rate of 10% or better six times overall, with three coming in the last 10 months.
The revenue claimed – the 12th time Hoosier State operators crossed $25 million – represented a 21.8% increase from July’s haul of $20.9 million and was 53.9% higher compared to the $16.5 million for August 2021. Month-over-month handle ticked 15.2% higher to $238 million, with baseball accounting for nearly one-third of that total at $77.6 million.
The state collected $2.4 million in tax receipts for August, increasing the total for the calendar year to $19.6 million. With year-to-date revenue 20.6% higher compared to the same period in 2021, state taxes are running $3.3 million ahead of last year’s pace.