- Indiana sportsbooks saw $254.4 million wagered in May.
- Iowa sportsbooks reported $161.4 million.
- Indiana saw a 7% increase month over month while Iowa saw a slight 2.9% decline.
INDIANAPOLIS – Sports betting markets in Indiana and Iowa have released their official sports betting revenue reports to the public, showing solid numbers all around.
Indiana saw a bit of a boost in betting handle month over month in May, while the Iowa sports betting market saw a slight decline in activity.
Still, both markets reported strong legal sports betting months for May as the summer continues to roll.
Indiana Sports Betting
The Indiana Gaming Commission released their sports betting revenue report and shows that the Hoosier State saw $254.4 million wagered on sports, up 7% from the $236.4 million wagered in April.
Sportsbooks in Indiana took in $18.8 million in May, slightly down from the $20.1 million collected in April.
Mobile betting dominated the market again in Indiana, with DraftKings being the prime sportsbook in May.
$81.8 million came from DraftKings mobile sportsbook alone. Comparatively, the Ameristar Casino that DraftKings operates saw a total of $89.2 million, meaning DraftKings mobile sportsbook accounted for 91.4% of the total wagers for May.
FanDuel saw a similar level of dominance, with $79.3 million wagers collected at its online sportsbook. The Blue Chip Casino that hosts FanDuel only saw $704,224 wagered in person.
Iowa Sports Betting
The report released by the Iowa Racing and Gaming Commission shows that Iowa residents wagered $114.9 million in May, down 2.9% month over month.
In terms of sports betting revenue, Iowa saw $6.1 million collected by local sportsbooks, a 5.3% hold rate. The state saw $414,415 in taxes.
Iowa was also dominated by online betting. William Hill was the big winner in May, responsible for $37.5 million of all bets in the state. DraftKings and BetRivers both tied for second, seeing $33.8 million wagered in May a piece.
Mobile betting dominating both markets is no surprise, as across the country sports betting markets with multiple commercial books are dominated by mobile and online betting.
Both states have seen solid sports betting numbers in May, and both are expected to see growth in the coming months with the NBA post season, NHL post season, and 2021 Summer Olympics in coming.
The future of sports betting is looking bright for these markets.
News tags: Betfred | Caesars Entertainment | Des Moines | DraftKings | FanDuel | Indiana | Indiana Gaming Commission | Iowa | Iowa Racing and Gaming Commission | PointsBet | Revenue | sports betting | William Hill
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.