April Sees Slight Dip In Sports Betting Activity In Indiana

by | May 13, 2021 11:20 am | Revenue | 0 comments

April Sees Slight Dip In Sports Betting Activity In Indiana

Indiana sportsbook

  • Sports betting dips 25.4% in Indiana in April month over month.
  • Mobile sportsbooks still dominated the market in April with 88.4% of the total market.
  • The biggest retail sportsbook of the month was Hollywood Lawrenceburg.

INDIANAPOLIS – The sports betting market in Indiana saw slight losses in activity and revenue in April compared to the boom in betting activity in March.

This could be attributed to the end of the college basketball betting season, with the March Madness Tournament ending in early April leading to a fall-off in activity for the remainder of the month.

The numbers do show that mobile betting remains the primary way Indiana sports betting fans like to get in on the action.

Indiana Sports Betting Dip

Based on the official revenue report released by the Indiana Gaming Commission, $236,403,308 was wagered on sports in April, down 25.4% from the $316.7 million wagered in March.

In terms of sports betting revenue, the Hoosier State also saw a decline, $20,079,176 was collected by sportsbooks with the state seeing $1,907,522 in taxes.

The big thing that the report shows is that mobile and online betting continues to dominate the overall market.

About $209.3 million of the total betting handle, or 88.4% came from online sports betting operations. Mobile sportsbooks have a slightly larger hold on handle month over month as March saw just 88.1% of the total handle from mobile books.

This has been beneficial for DraftKings sportsbook who topped the online operations market for the second consecutive month, beating out FanDuel $79.3 million to $67.1 million.

Despite the end of the college basketball betting season, basketball remained the most wagered on sport in April with $76,117,419.28 of the total betting handle. This was followed by $60,443,360.26 in parlays, $44,485,645.49 in baseball bets, $3,421,978.88 in football bets, and $50,463,227.51 on other events.

The NBA betting season is heating up as the playoffs are just around the corner, explaining why basketball betting managed to maintain its dominance.

The Indiana legal sports betting market is expected to bounce back once the NBA postseason starts, as the action will ramp up for NBA fans in Indiana with the Indiana Pacers fighting for playoff contention.

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