Indiana sportsbook revenue halved by Covid-19 in March
| By iGB Editorial Team
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.
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.
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