- Sports betting in Indiana generated a $360 million handle.
- Basketball was the most bet on sport in Indiana.
- The top sports betting option in May is the Indy 500.
INDIANAPOLIS – The Indiana Gaming Commission just released their monthly gaming report it shows that Hoosier state sports bettors wagered $360,023,255 in April. That $360 million handle is down from the roughly $477 million handled in March, but when compared to last April’s $236 million handle it is clear how much sports betting in Indiana has grown.
What Was The Most Bet On Sport In Indiana?
Basketball once again led the way for Indiana sports betting, with parlay betting coming in second place among different types of bets.
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The Indiana Gaming Commission report indicates that the football handle is lagging considerably behind basketball in 2022, but that will surely change as the NBA Playoffs wrap up and the NFL season begins in the coming months.
On May 29th the Indy 500 takes place, so the Indiana revenue tracker may not show the steep decline that is expected in May.
The slowest sports betting months are typically May through July, but if the Indy 500 bets pour in, Indiana sportsbooks may not go through such a long dry spell.
Betting Odds On The Indy 500
Four drivers have been deemed the favorite to win the Indy 500: Alex Palou, Colton Herta, Josef Newgarden, and Scott Dixon. They make up four of the six drivers that odds less than +1000 to win the race.
Odds To Win The Indy 500
- Alex Palou+800
- Colton Herta+800
- Josef Newgarden+800
- Scott Dixon+800
- Pato O’Ward+900
- Scott McLaughlin+900
With legal online sportsbooks indicating that it is really anybody’s race this year, it may be a wonder that the 2021 Indy 500 winner Helio Castroneves has long odds at +1600. Those odds may be too long for Indianapolis 500 bettors to pass on.
Brett is a passionate sports writer who majored in Sport Management at Florida State University. He combines his knowledge of stats with his understanding of game theory to find the best values when sports betting. Brett enjoys golfing, playing cornhole, and hanging out by the pool when he’s not locked in watching games.