IN Sports Betting Generated Over $360 Million Of Bets During April

In April, gamblers in Indiana placed sports betting wagers exceeding $360 million. This was slightly less than the $476 million accumulated in March.

Despite this, April’s handle showed a significant improvement compared to the same period last year. Hoosiers placed bets on sports amounting to $236 million in April 2021, indicating that the most recent figures represented a 52% increase.

Sports betting in Indiana, along with other gambling markets across the country, is entering its slow season.

Indiana may experience a downturn until the NFL returns, but basketball betting should help maintain stability in the interim.

Sports betting handle in Indiana, April 2022.

Indiana’s sports betting operators had a strong performance in April. The state’s handle yielded over $28 million in adjusted gross revenue for gambling companies.

This resulted in approximately $2.7 million in taxes going directly to Indiana.

Licensee	Online Brand(s)	Handle	Revenue	Hold	Taxes
Blue Chip	FanDuel	$112,437,291	$12,677,237	11.3%	$1,204,337
Ameristar East Chicago	DraftKings | theScore Bet	$101,579,801	$6,719,330	6.6%	$672,005
Belterra	BetMGM | Betway	$46,708,743	$2,999,979	6.4%	$317,863
Harrah’s Hoosier Park	Caesars	$37,065,642	$1,314,765	3.5%	$124,903
Hollywood Lawrenceburg	PointsBet | Barstool	$28,246,846	$2,070,327	7.3%	$199,228
French Lick	BetRivers	$11,715,772	$532,561	4.5%	$51,738
Horseshoe Hammond	Unibet	$9,233,457	$547,516	5.9%	$45,383
Rising Star	WynnBet | TwinSpires | SBK	$4,135,295	-$37,564	-0.9%	$6,661
Winners Circle Clarksville		$2,740,048	$228,269	8.3%	$22,039
Caesars Southern Indiana		$1,908,743	$180,429	9.5%	$20,106
Winners Circle Indianapolis		$1,410,357	$257,817	18.3%	$24,493
Winners Circle New Haven		$1,274,865	$86,934	6.8%	$34,304
Bally’s Evansville	Bally Bet	$1,135,341	$62,841	5.5%	$0
Horseshoe Indianapolis		$431,055	-$6,348	-1.5%	-$603
Total		$360,023,255	$27,634,092	7.7%	$2,722,456

Indiana withstands slow season

The Hoosier State has been successful in resisting the slow progression of the sports betting calendar.

The betting figures may not remain steady over the summer, but at least for the time being, basketball is still available to carry the bulk of the load.

The latest report reveals that once again, hoops were the top choice for sports betting in April. This comes as no surprise considering the Final Four and the onset of the NBA Playoffs occurred in the same month.

Here’s a swift summary of the state’s $360 million handle for April:

• Football: $3.8 million
• Basketball: $129.2 million
• Baseball: $56.7 million
• Parlay: $91.3 million
• Other: $76.5 million

The postseason of professional basketball may have kicked off last month, but the playoffs persist up to the NBA Finals in June.

In simpler terms, Indiana still has some more time to benefit from the increased interest in basketball.

Indiana’s sports betting experiences first real summer

2022 will mark the first regular summer of legal sports betting in Indiana.

Since fall 2019, Hoosiers have had the ability to place bets on sports. However, unique situations have changed the state’s gambling statistics throughout the summer periods.

For instance, the 2020 summer sports season was bizarre due to the pandemic. With the world coming to a standstill, Indiana gamblers were left with minimal betting options.

In stark contrast, 2021 presented a multitude of betting opportunities for the Hoosiers due to the Tokyo Olympics, which offered a wide range of sports to bet on. This provided them with significantly more gambling options than they would typically encounter during a regular summer year.

The abundance of options contributed to increased handles last year, however, such a luxury won’t be available for Indiana’s market in 2022.

Even so, sports betting in Indiana is now more popular than ever. The entrance of new sportsbooks will ensure variety and excitement in the coming months.