Browse articles by topic

Indiana betting revenue and handle rocket YoY but down from March


The sports betting market in Indiana saw handle come to $236.4m in April, a 25% decrease from March, but a 798.7% increase compared to the low handle in April 2020 due to the novel coronavirus (Covid-19) pandemic.

Total adjusted gross revenue (AGR) came to $20.0 for the month, a 23.8% drop from March but a staggering 1187.2% increase from just $1.5m in April 2020.

The state took in a tax amount of $1.9m this month, a rise of $1.7m from April last year but a decrease of $595,789 from March 2021.

Basketball totaled the most handle this month with $76.1m, a drop of $84.6m compared to March, as the NCAA Basketball Tournament concluded.

Parlay cards saw second highest handle, at $60.4m. a 22.0% decrease from the previous month. In third was baseball, at $44.4m, a $43.2m increase from March.

DraftKings partner Penn National Gaming’s Ameristar Casino brought in $7.1m in operator revenue, a drop of 2.0% from $9.1m in March.

Blue Chip Casino and its FanDuel sportsbook came in second with $5.7m in operator revenue, a decrease of 1.2% from $6.9m the previous month.

In third was Belterra Casino and its BetMGM sportsbook, which made $3.1m in operator revenue. This was a decrease of $629,062 compared to March.