Indiana Sports Betting Revenue Dips In February

• January’s sports betting handle in Indiana was $348.2 million while February’s handle was $273.8 million.
• Before February, Indiana’s sports betting handle had increased for the past five months.
• Indiana sports betting generated $1,610,811 million in tax revenue during February.

INDIANAPOLIS – Indiana’s sports betting handle dipped in February after five consecutive months of record-breaking numbers. The sports betting handle in February for Indiana was $273.8 million which was a sharp decline from the $348.2 million wagered on sports in January.

While the decline in betting handle is alarming, it doesn’t mean that sports betting in Indiana is failing or has fallen out of favor with residents. A possible reason for the lag in sports wagers placed in the Hoosier State could be tied to a lack of sports being played after Super Bowl LV and the fact that there are three fewer days in February than January.

Either way, the decline in Indiana’s sports betting handle won’t stop the state from at least a top-five sports betting handle in the US by the end of the year.

Mobile sports betting continues to be what drives sports betting in Indiana.

In February, mobile betting accounted for $240 of the $273 million handle, which is about 90% of the wagers. DraftKings who is partnered with the Ameristar Casino in Chicago retained the top spot in sports betting handle as $107.4 million was wagered with their mobile retail sportsbook in February. On the heels of DraftKings was FanDuel, who had a handle of $70.9 million for February as they’re partnered with the Blue Chip Casino.

Rounding out the top three highest sports betting handles in Indiana is BetMGM and the Belterra Casino with $33 million.

Another reason the dip in handle for February could be an anomaly is that gambling as a whole declined in Indiana as the 13 casinos reported $135.6 million which was less than the $167.6 million in January. The decrease in casino’s total wins could be because Indiana has not legalized online casino gaming.

Two online casino bills stalled in the political process and will have to wait until 2022 to be considered again by lawmakers. Whenever lawmakers decide to legalize online casino games it could send the Hoosier states gambling handle to astronomical heights.

Nonetheless, with the 2021 NCAA Tournament beginning on Thursday, Indiana could be back to setting new records for sports betting handle when the March numbers are released.

News tags: 2021 NCAA Tournament | Ameristar Casino | Belterra Casino | BetMGM | Blue Chip Casino | DraftKings | FanDuel | Indiana | Super Bowl LV