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Indiana sportsbook revenue halved by Covid-19 in March


The suspension of sporting action and the closure of the state’s casinos from mid-March has slashed Indiana’s sports betting revenue for the month. 

With all major US leagues, not to mention other popular sports from around the world, shut down as a result of the novel coronavirus (Covid-19) pandemic, and Indiana casinos closed from March 16, betting activity was significantly curtailed.

Market handle across all operators fell from the record high of $187.2m in February to $74.8m, a 60.0% month-over-month decline. Revenue, meanwhile, was down 50.5% at $5.5m. 

Penn National Gaming’s Ameristar Casino, partnered with DraftKings, remained the market leader in March, though it saw handle drop 56.0% to $35.2m, with revenue declining to $2.7, again a 56.0% drop. As usual, mobile accounted for the vast majority of handle – $33.1m – and revenue ($2.4m). 

Blue Chip Casino, with its FanDuel-branded sportsbook, came second with handle of $22.3m, down 66.2%. However it did not see such as steep drop in revenue, which fell 22.6% to $1.6m.

These licensees sat far ahead of all others in the market, even those also offering mobile wagering, with no other venue reporting stakes above $4m for the month. 

Coming in a distant third was Rush Street’s French Lick Resort, which like DraftKings, features a Kambi-powered sportsbook. Handle across mobile and retail stood at $3.7m (of which $3.6m was wagered online), from which it generated revenue of $327,456.

Caesars’ Horseshoe Hammond, which is yet to add a mobile offering to complement its retail book, came in third in terms of handle, on $3.4m, though did not generate any revenue for the month. 

Hollywood Casino Lawrenceburg, another Penn National venue, followed with stakes of $2.9m, of which $334,237 was wagered via the newly launched PointsBet app. Revenue for the property amounted to $245,089.