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Indiana sports betting handle falls again in May


Consumer spending on sports wagering in Indiana declined again in May, though revenue improved month-on-month.

Players bet $283.4m on sports during the month, down 8.1% from $308.4m in May 2022 and 11.9% lower than $321.4m in April this year.

Basketball drew the most bets with $72.0m wagered in May, while $64.8m was spent on baseball bets an $2.0m football. A further $79.4m was wagered on parlay bets and $69.0m across other sports.

In contrast, adjusted gross revenue reached $33.8m. This was 10.1% more than $30.7m in May last year and also 15.0% ahead of $29.4m in April this year.

Blue Chip Casino and partner FanDuel retained top spot in Indiana with $13.3m in revenue off $96.6m in bets.

Ameristar Casino and partner DraftKings placed second with revenue of $10.9m from a $95.6m handle Belterra Casino and partner FanDuel followed with $3.5m in revenue and a $26.5m handle.

The state collected $3.2m in sports betting tax during the month.