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Indiana sports betting revenue and handle rebound in March


Indiana’s sports betting market saw handle increase to $316.7m in March, an increase of over $240m, or more than 300%, from March 2020 when casinos were forced to close due to the novel coronavirus (Covid-19) pandemic, and up 15.6% from last month.

Adjusted gross revenue for the month came in at $26.3m, an increase of $9.3m from February and $20.8m from the previous March. However both figures were short of January’s records.

Sports wagering tax paid by operators more than doubled compared to February, with a 55.4% increase to $2.5m in March.

Basketball led the way as the most popular sport to bet on, with bets totalling $160.7m, thanks in part to the NCAA Basketball Tournament, which was played in Indiana. Basketball bets were up 28.8% from February and 359.1% from March 2020.

Football brought in $13.5m, while $77.5m was bet on parlay cards. Other sports came in at a total of $62.5m.

Penn National Gaming’s Ameristar Casino and its DraftKings sportsbook topped in operator revenue, totaling $9.1m with handle of $120.4m.

In second was Blue Chip Casino and its FanDuel sportsbook, taking in $6.9m at $92.4 in stakes, while Belterra Casino and its BetMGM sportsbook took third place at $3.7m with $40.2m in bets.