The Indiana Gaming Commission announced its Feb. 2025 handle and revenue figures, revealing a 13.3 % decline in month-over-month sports wagering adjusted gross revenue (AGR). However, AGR increased by 25.7% yearly — from $37.9 million in Feb. 2024 to $47.7 million in Feb. 2025.
The overall sports betting handle reflects this trend: between January and February, handle declined 19.6 %, but increased 5.9% year-over-year, from $408.6 million to $432.8 million.
Basketball and parlays remain Indiana bettors’ preferred sports, generating $183.4 million and $137.4 million handles, respectively.
Sportsbook handle and revenue comparisons
The revenue report breaks the overall handle and AGR into sportsbook and retail. Of the overall $47.7 million AGR, sportsbook operators generated $45.8 million. Operators’ total February handle was $405.8 — 19.2% less than January.
Despite generating a higher $150.4 million handle, DraftKings was not the highest-grossing book, producing $16.8 million in AGR compared to FanDuel’s $19.1 million. This is a long-standing dynamic between the two top-grossing Indiana sports betting sites and is visible for both month-over-month and year-over-year.
Due to making up such a large part of the state’s overall handle and revenue figures, sportsbook operators generally mirror the trend of the state’s betting market on a smaller, individual scale. All seven operators reported a month-over-month handle decline. However, Caesars and ESPN BET had minor AGR increases from $1.6 million to $1.9 million and $1 million to $1.2 million, respectively.
Reported figures vary year-over-year. DraftKings and FanDuel's numbers were steady, changing only a few percent from Feb. 2024 to Feb. 2025. bet365’s handle increased by 34.7%, while Fanatics Sportsbook’s rose by 299.8%, from $6.4 million in 2024 to $25.9 million in 2025. The respective AGRs reflect these changes.
| Operator | February Handle | February Revenue |
| DraftKings | $150.4 million | $16.8 million |
| FanDuel | $133.4 million | $19.1 million |
| BetMGM | $29 million | $2.8 million |
| bet365 | $28.4 million | $2.1 million |
| Fanatics Sportsbook | $25.9 million | $1.5 million |
| Caesars | $25.2 million | $1.9 million |
| ESPN BET | $13.2 million | $1.2 million |
| Total | $405.8 million | $45.8 million |
Retail AGR comparisons
Retail casinos generated the remaining $27 million handle, with a corresponding $1.9 million in AGR. In February, Ameristar Casino became Indiana’s highest-grossing retail casino, reporting a $93,564 AGR and $623,444 handle.
Horseshoe Hammond, the highest-grossing retail casino in January, retained the largest retail casino haul at over $1.3 million.
