Indiana sports betting handle falls again in May
| By Robert Fletcher
Consumer spending on sports wagering in Indiana declined again in May, although 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 and $2.0m on 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.