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FanDuel takes top spot as Indiana sportsbooks bring in $17.0m in February

Data | Analysis | News

Indiana’s regulated sports betting market saw handle increase 31.6% year-on-year to $273.9m in February, a growth of almost $100m, although both revenue and handle dipped when compared to January.

Adjusted gross revenue for February came to $17.0m, which represents 53.2% year-on-year growth but is a decrease from the figures posted in January. 

Basketball remains the most popular sport to bet on by some distance, up 29% from 2020 and drawing in $127.2m in wagers. That figure represents almost double what was spent on parlay bets, which totaled $66.4m.

Penn National Gaming’s Ameristar East Chicago and its DraftKings sportsbook proved to be the most successful, contributing 58% – $114.95m – of the total handle.

In terms of adjusted gross revenue however, Ameristar saw a 30% decrease from last year to $4.23m. This coincided with a 58% increase in AGR for Blue Chip Casino, which has a sportsbook operated by FanDuel, and came out on top posting figures of $4.96m.

Belterra Casino – which also has a FanDuel sportsbook saw a massive spike in handle, with its $33.6m figure representing a 97% increase.

After a bill that would legalize online casino gaming was proposed in January, operators may be able bring in further revenue by offering casino products alongside betting in the future.