Hoosiers Bet Over $200 Million On Sports Throughout July

In July, Indiana gamblers wagered over $206 million on sports, marking a slight decrease from June’s handle of $256 million.

The yearly cycle of Indiana sports betting is currently unfolding. Gambling markets across the country are presently experiencing the routine summer downturn.

Even so, football is poised to breathe new life into the industry.

MLB boosts Indiana gambling

For the second consecutive month, baseball was the most popular sport for betting in Indiana.

Here’s a brief overview of the sports from which Indiana’s $206 million July handle was derived:

• Football: $2.8 million
• Basketball: $16.1 million
• Baseball: $76.1 million
• Parlay: $53.5 million
• Other: $56.8 million

Currently, Indiana baseball betting may be at the pinnacle of popularity, but this is unlikely to persist into the autumn months. It’s probable that August will be the last month this year that the sport will maintain its leading position.

When the NFL season starts, nothing rivals it for the remainder of the football schedule. Only Indiana’s passion for basketball comes close to matching football’s popularity.

The NFL preseason has already kicked off, yet the intensity is limited in August. The real excitement will start with the commencement of the regular season in September.

Will there be a sports betting record this fall?

The football season invariably triggers a surge in betting across the US, and Indiana is no exception to this trend.

In August of the previous year, Hoosiers wagered only $13 million on football. However, just a month later, this amount skyrocketed to over $148 million.

This year, Indiana will experience a similar jump in sports betting.

This typically results in record-breaking handles during winter. As of January 2022, the all-time high in Indiana is a haul of $500 million.

Wagering half a billion dollars on sports in a single month is indeed significant, and Indiana might be able to exceed this amount in a few months.

NFL betting will be at the forefront, however, baseball will persist until October when the NBA comes into play to fill the voids. This all accumulates rapidly, putting Indiana on track to break records.

To sum it up, the hardest part is yet to come. The $206 million handle in July may appear insignificant in comparison to Indiana’s projected sports betting figures for the rest of 2022.