Latest Esports News

Indiana April Sports Betting Handle Dips Below $400 Million

0 246

April sports betting handle in Indiana decreased by a little over $100 million when compared to March, as the Indiana Gaming Commission on Thursday reported a statewide handle of $360 million for last month. That amount breaks a six-month streak of sports betting handle in Indiana reaching at least $400 million, including the March tally of $476.8 million.

For the second consecutive month, FanDuel was the top mobile sports betting handle generator ($112 million) in the state. DraftKings followed in second, reporting an April handle of $97.4 million.

Indiana received $2.7 million in tax revenue from sports wagering in April, giving the state more than $10 million worth of tax receipts in 2022. 

FanDuel, DraftKings lead the pack

FanDuel and DraftKings also led the state’s mobile sports betting operators in gross revenue for the month. FanDuel reported gross revenue of $12.6 million in April, while DraftKings reported $6.6 million. 

BetMGM’s handle of $45.3 million was the third-highest mark in the state last month, while Caesars ($36.1 million) reported the fourth-highest mobile sports betting handle. Caesars saw its monthly handle decrease by about $18 million when compared to its March numbers. Barstool Sportsbook ($11.9 million) and BetRivers ($11.3 million) also reported monthly handles of at least $10 million.

BetMGM reported gross revenue of $3.1 million, while Caesars recorded $1.2 million. Barstool and BetRivers reported gross revenue totals below $1 million.

Hollywood Casino Lawrenceburg reported the highest monthly retail handle of the state’s casinos, at $8.4 million. The retail operation’s gross revenue for the month was just under $1 million. Rising Sun’s retail sportsbook lost $35,456 in April, continuing the retail sportsbook’s trend of losing months. 

Basketball, parlays were popular in April

Basketball was the sport of choice for Indiana bettors in April, receiving $129.2 million worth of wagers. Basketball’s popularity is no surprise, as the NCAA Men’s Final Four took place in April, and the NBA playoffs also began during the month. In the first four months of 2022, Indiana bettors wagered $1.17 billion on basketball. 

Indiana bettors placed $91.3 million worth of parlays in April, and $56.7 million worth of baseball bets were received in the state last month. Parlays have accounted for $1 billion worth of bets in the state this year. 

With several key rounds left in the NBA playoffs, expect basketball to remain a popular sport of choice for Indiana bettors. The MLB season should draw steady handle, although regular-season MLB volume probably won’t drive action quite like the NBA postseason. The NHL playoffs may also be a popular betting event, although the gaming commission’s April report doesn’t include the handle for hockey wagers.



Read the original article Here

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy