DraftKings trumps FanDuel in Indiana as June sportsbook handle slumps 13%
Heavyweights tussle during traditionally slow sports betting month as effects of legalization in nearby Ohio hit 2023 performance
Indiana sports betting handle dropped 13% year on year (YOY) in June to $224m, according to latest data from the Indiana Gaming Commission (IGC).
The Hoosier State regulator confirmed June sports betting revenue of $19.5m, up 22% YOY from June 2022 but down 42% on a month-over-month basis from May 2023, when the market racked up $33.8m in revenue.
Indiana operated with a sportsbook hold of 8.7% in June, down from May’s hold high of 11.8%.
The top two sportsbook operators in June were DraftKings and FanDuel, accounting for 70% of all bets placed in Indiana during the month.
DraftKings beat FanDuel in respect of Indiana handle during June, notching up $87.8m, compared to FanDuel’s $69.4m. However, the positions were reversed in revenue, with FanDuel generating $8.4m compared to just $5.8m for DraftKings.
June was DraftKings’ ninth consecutive month with a higher betting volume than its rival, although FanDuel has led the way in respect of revenue by some margin in every month since February 2022.
BetMGM took the bronze medal position in Indiana during June despite suffering YOY drops in both its total handle and revenue, each by 40%. The operator racked up $20.3m in handle, with $1.9m in revenue over the month.
Caesars’ handle for June amounted to $15.7m, with its revenue slumping 2% YOY to $751,000.
Rush Street Interactive’s BetRivers Sportsbook received $6m in bets, notching up $530k handle, ahead of PENN Entertainment’s Barstool Sportsbook, which could only manage $4.4m in handle and a negative revenue figure of $103,000.
PointsBet, Hard Rock, and WynnBet all racked up handle of more than $1m in June, with $4.3m, $2.7m and $1.6m, respectively.
Soon-to-be acquired PointsBet generated $416,000 in revenue, while Hard Rock managed $205,000, way ahead of WynnBet, whose revenue reached just $80,000 in June.