Indiana betting handle falls just short of monthly record in March

Handle was 15.7% higher than $433.0m in Indiana in March last year and 22.5% more than $408.7m in February. The total was also just 2.5% behind the all-time monthly high of $513.7m posted in November 2023.

Basketball again proved the most popular sport to wager on, drawing a total of $167.9m in total bets in March. The state is home to National Basketball Association team the Indiana Pacers.

In contrast, $9.9m was wagered on baseball and just $1.7m American football. A further $173.0m was bet on other sports and $148.1m parlay bets.

Indiana revenue dips to $39.4m

While handle was higher year-on-year, the same could not be said for revenue. In total for March, taxable adjusted gross revenue amounted to $39.4m.

The monthly revenue total was 7.9% lower than $42.8m in March 2023 and only 3.7% more than $39.0m in February. 

Indiana does not publish a sports-by-sport breakdown for monthly revenue.

DraftKings and Ameristar Casino retake the lead

In terms of individual operators, DraftKings and partner Ameristar Casino moved back into the lead in Indiana. The partnership generated $14.5m in revenue from $186.5m in wagers during March.

FanDuel and Blue Chip Casino, which led in February, slipped to second, but only by a small margin. Revenue was only $9,481 lower than DraftKings and Ameristar Casino, while handle hit $153.7m.

Elsewhere, Belterra Casino, another FanDuel partner, posted $3.2m in revenue off $43.5m in total bets. 

Not far behind was Hollywood Lawrenceburg and ESPN Bet with $2.2m from $35.1m. French Lick Resort and Bet365 followed with $2.2m off a $31.3m handle. 

Harrah’s Hoosier Park and Caesars was the only other partnership to generate more than $1.0m in revenue. For March, revenue totalled $1.9m and handle $30.1m.

It was also noted that Indiana was able to generated some $3.7m in sports betting tax during the month.