IN Sports Betting Generated Over $360 Million Of Bets During April
Indiana gamblers racked up over $360 million worth of sports betting wagers in April. That was a small step back from March’s $476 million haul.
Despite that, April’s handle was still a huge improvement over the same stretch of last year. Hoosiers wagered $236 million on sports in April 2021, so the latest batch of numbers was a 52% increase.
Indiana sports betting is heading into its slow season. The same goes for the rest of the gambling markets around the country.
Things might take a dip until the NFL returns, but basketball betting should be able to hold the line for Indiana in the meantime.
Indiana April 2022 sports betting handle.
April was a solid month for Indiana’s sports betting operators. Gambling companies made over $28 million worth of adjusted gross revenue off of the state’s handle.
That led to about $2.7 million worth of taxes heading directly to Indiana.
|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|
|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|
Indiana holds off slow season
The Hoosier State has done a fine job of holding off the slow stretch of the sports betting calendar.
The wagering numbers might not hold up throughout the summer, but at least for now, basketball is still around to do the heavy lifting.
According to the latest report, hoops were once again the most popular sports betting option during April. That’s no surprise since the Final Four and the start of the NBA Playoffs took place last month.
Here’s a quick breakdown of the state’s $360 million April handle:
- Football: $3.8 million
- Basketball: $129.2 million
- Baseball: $56.7 million
- Parlay: $91.3 million
- Other: $76.5 million
Pro ball’s postseason may have started last month, but the playoffs are still running throughout the NBA Finals in June.
In other words, Indiana still has a little bit more time to enjoy basketball’s boost to its handle.
First real summer for Indiana sports betting
2022 will be Indiana’s first normal summer of legal sports betting.
Hoosiers have been able to bet on sports since fall 2019, but special circumstances have altered the state’s gambling numbers during the summer stretches.
For example, the pandemic made for a strange sports summer in 2020. The world grinding to a halt left gamblers in Indiana with very few options to bet on.
2021 was the complete opposite. The Tokyo Olympics provided a litany of sports to bet on. That gave Hoosiers far more gambling options than they would find in a regular year’s summer.
That overflow of options led to higher handles last year, but that’s a luxury that Indiana’s market just won’t have in 2022.
Despite that, Indiana sports betting is bigger now than ever before. New sportsbooks entering the picture will help keep things fresh over the next few months.