Both revenue and handle fell further in Indiana’s sports betting market as closures related to the novel coronavirus (Covid-19) continued to wreak havoc on the nascent regulated market.
iGaming Business and Ficom Leisure are delighted to present the Indiana iGaming Dashboard, providing a monthly breakdown of the latest figures from the Midwestern State’s regulated gambling market.
The data will be updated monthly following the official release of figures from the Indiana Gaming Commission.
After falling dramatically in March when a lockdown was first put in place, sports betting GGR dropped again in April as residents of the Hoosier state largely continued to stay at home.
Retail handle and revenue fell to zero as the state’s casinos remained shut, while online fared only slightly better.
Online GGR was just $1.6m last month, down from $4.7m in March. This represented a 66% month-on-month fall, which came on the back of a 46% month-on-month fall the previous month.
These revenues came from handle of $26.3m in April, with this total down 56.7% on March’s turnover.
Unlike some other US states, Indiana residents can register online at sportsbooks, however the lack of sporting events taking place worldwide has meant there is little for punters to bet on.
Indeed, the handle by sport breakdown looked very different last month compared with pre-crisis periods. While the chart is typically dominated by football or basketball, depending on the season, last month 79.9% of bets were placed on ‘other sports’.
The market disruption has led to DraftKings-branded Ameristar Casino extending its market share for both online-only and the combined retail and online market to 61.4%. However, this is likely to prove temporary as a number of the leading retail operators in Indiana have no online presence.
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A European corporate advisory firm, Ficom Leisure is a specialist in all segments of the betting and gaming sector.