Indiana reported a year-on-year increase in both handle and revenue for its regulated sports betting market in April, though the state also posted month-on-month declines.
Indiana sports betting handle and revenue up in April
Total handle in Indiana in April amounted to $393.9m (£314.4m/€365.7m). This is 22.6% ahead of $321.4m last year but 21.4% short of March’s $500.8m figure.
Basketball was once again the sport of choice for bettors in the state, attracting $121.5m in total wagers. Indiana is home to NBA franchise the Indiana Pacers and Indiana Fever of the WNBA, as well as a raft of college teams.
Meanwhile, players spent $67.7m betting on baseball during April and a further $2.9m on American football. Some $84.8m was bet across other sports while parlay betting totalled $116.8m.
In terms of revenue, taxable adjusted gross revenue for April hit $37.1m. This is 26.2% up from $29.4m in April 2023 but 5.8% less than $39.4m in March of this year.
Indiana does not publish a sports-by-sport breakdown for monthly revenue. However, it was revealed that total tax generated from sports betting in April totalled $3.5m.
FanDuel and Blue Chip Casino edge ahead in Indiana
Looking at licensed operators in Indiana, FanDuel and Blue Chip Casino retook the lead in April. Revenue from the partnership amounted to $15.3m after players spent $129.1m.
DraftKings and Ameristar Casino, which led the market in March, placed second with $12.6m in revenue. This is despite taking more bets – $145.7m – than FanDuel and Blue Chip Casino.
Retaining third place was Belterra Casino, which is also partnered with FanDuel. Revenue for the month hit $3.0m from $31.7m in sports wagers.
Elsewhere, Hollywood Lawrenceburg and ESPN Bet posted $2.2m in revenue from a $25.2m handle. Next was French Lick Resort and partner Bet365 on $1.7m from $23.9m.
Harrah’s Hoosier Park and Caesars rounded off the major partnerships in Indiana with $1.2m in revenue from $20.3m in bets.
