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Indiana sports betting revenue rises in February despite handle decline


Adjusted gross revenue from sports wagering in Indiana increased year-on-year in February despite a drop in the US state’s handle.

Player spending on betting during the month amounted to $356.2m, which was 12.9% lower than $409.1m in February 2022 and also 16.6% behind the $427.2m wagered in January this year.

Basketball remained by far the most popular sport among consumers, drawing $166.0m in total wagers during February, some way ahead of football on $20.6m and baseball with just $441,296. A further $69.3m was spent on parlay bets and $99.6m on other sports.

In terms of adjusted gross revenue, this amounted to $27.7m for the month, which was up 62.9% from $17.0m in February last year but 24.1% lower than $36.5m in January 2023.

Looking at individual operator performance, Blue Chip Casino and partner FanDuel retained top spot in terms of revenue, posting $13.4m for the month off a handle of $113.2m.

Ameristar Casino and its DraftKings were second with $8.2m in revenue, but a higher handle of $121.8m. Belterra Casino, another FanDuel partner, placed third with revenue of $2.8m and a $32.3m handle.

The state was also able to collect $2.8m in sports betting tax during the month.