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Indiana sports betting handle declines in March


Consumer spending on sports betting in Indiana fell year-on-year in March, though the state was able to report an increase in revenue.

Wagering handle for the month amounted to $433.0m, down 9.1% from $476.8m in March 2022 but 21.5% higher than $356.2m in February of this year.

Basketball remained by far the most popular sport among bettors, drawing $224.3m in total wagers for the month. Players also spent $71.7m on baseball betting, $1.6m on football and $71.7m on other sports, as well as $127.9m on parlay bets.

Turning to adjusted gross revenue and this reached $42.8m in March, an increase of 32.5% on the previous year and also 54.5% up from $42.8m in February.

Blue Chip Casino and partner FanDuel again led the market in terms of revenue, reporting $13.8m for the month off a handle of $136.6m.

Ameristar Casino and partner DraftKings had a higher handle of $147.5m, but less revenue at $13.8m, while Belterra Casino, a FanDuel partner, placed third with revenue of $4.7m and a $41.1m handle.

The state was also able to collect $4.1m in sports betting tax during the month.