Skip to player
Skip to main content
Skip to footer
Search
Connect
Watch fullscreen
Like
Comments
Bookmark
Share
Add to Playlist
Report
Indiana's Sports Betting Market Continues to Thrive in 2024
SportsGrid
Follow
8/19/2024
Category
🥇
Sports
Transcript
Display full video transcript
00:00
It has to be Indiana and their sports betting success as well, because as we're closing
00:07
out the summer and moving into the fall here, it appears as though this market is one of
00:12
the nice success stories of the year, rising in popularity and revenue across the board.
00:18
Yeah, and perhaps I'm the only one that seems mostly interested in this Indiana market,
00:26
but tracking it over the last year and a half or so and seeing how they felt a little
00:32
bit of a pinch last year with Ohio coming online at the beginning of 2023 in January,
00:40
and then you had, like we just talked about, the Kentucky market coming on in September,
00:47
the numbers did seem to shrink a little bit with that added competition.
00:53
So this year, so far, we've seen Indiana return to those 2022 figures, like we've
01:00
talked about a bunch here, Craig.
01:02
We've talked about it for a handful of months consecutively now, and the Indiana sportsbooks
01:08
in July, they won more than 11%.
01:11
They kept more than 11% of the sports betting dollars there, and that 11.3% win rate in
01:18
July was the highest so far this year, and even going back to last July.
01:23
So when we typically see the volume of betting, the betting handle come down June, July, in
01:31
the summer months when a lot of the major sports aren't in action, it's baseball, and
01:38
of course, we had the Olympics this year, but it doesn't have the power that the NFL
01:44
obviously has or the NBA obviously has.
01:47
So we tend to see those handle figures come down, but it is a positive sign to see that
01:53
the sportsbooks are, at least for them, maybe not necessarily for the bettors, but it is
01:58
a positive sign on the revenue end for the sportsbooks to see that double-digit hold,
02:05
and again, the revenue, nearly $29.5 million in July in Indiana, that's up 2022 numbers,
02:16
and the handle, $261.1 million in July, also up over 2022 numbers in July.
02:24
So a positive trend in the right direction for Indiana, kind of shaking off those two
02:29
states, Ohio and Kentucky, that legalized sports betting last year.
Recommended
4:39
|
Up next
Missouri's Pivotal 2024 Sports Betting Legalization Push
SportsGrid
9/26/2024
4:03
Legalization Trends for Sports Betting in the U.S. 2023
SportsGrid
12/30/2024
2:53
Missouri to Make Push for Legal Sports Betting in 2024
SportsGrid
9/9/2024
3:04
California Sports Betting Delayed Until at Least 2026
SportsGrid
1/27/2025
2:59
Ohio Reconsiders Its Sports Betting Tax Increase for 2024
SportsGrid
11/18/2024
1:32
NFL Point Spread Trends & Betting Insights for 2024
SportsGrid
9/18/2024
3:10
Nebraska Sports Betting Legislation Updates for 2025
SportsGrid
4/27/2025
3:30
Record Sports Betting Totals in 2024 Reached $150 Billion
SportsGrid
1/3/2025
4:33
Georgia's Progress Towards Legalizing Sports Betting
SportsGrid
1/30/2024
1:58
Fanatics Launches Sports Betting in Connecticut Market
SportsGrid
12/4/2023
2:11
Missouri Sports Betting Legalization Timeline and Updates
SportsGrid
12/9/2024
2:39
Rising Promo Spending in Pennsylvania Sports Betting
SportsGrid
9/27/2024
2:03
Texas on the Brink of Legalizing Sports Betting by 2025
SportsGrid
12/4/2024
3:30
An Update on the Legalization of Sports Betting in California
SportsGrid
10/10/2023
2:28
Rising Demand for Sports Betting in Georgia Amid Legal Hurdles
SportsGrid
11/20/2024
1:43
Ohio's Sports Betting Market Sees 43% Growth in July
SportsGrid
9/6/2024
3:07
Missouri Sports Betting Legalization Nears Decision Day
SportsGrid
10/9/2024
2:48
Sports Betting Verbage Continues To Be Tweaked In The United States
SportsGrid
6/5/2023
2:36
Wyoming Sports Betting & Online Casino Expansion in 2024
SportsGrid
11/25/2024
3:19
Colorado Sports Betting Revenue Increases Dramatically
SportsGrid
12/29/2023
2:16
Update on Sports Betting Legalization in Key US States
SportsGrid
10/15/2024
4:01
Minnesota's Delay in Legalizing Sports Betting Beyond 2026
SportsGrid
5/24/2025
2:21
Georgia's Push for Legalized Sports Betting Stalls
SportsGrid
3/10/2025
2:43
Missouri Sports Betting Stalls Amid Legislative Gridlock
SportsGrid
5/22/2024
3:21
2024 Record Highs in Sports Betting: An Unanticipated Surge
SportsGrid
12/27/2024