Indiana Sports Betting Bounces Back in May, But Revenue Shrinks

The Indiana Gaming Commission recently reported a handle of $254.4 million for the state's sportsbooks in May, up from $236.4 million in April. The state's revenue, however, did drop from the previous month.

Geoff Zochodne - Sports Betting Journalist at Covers.com
Geoff Zochodne • Senior News Analyst
Jun 14, 2021 • 14:39 ET • 2 min read
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Sports betting bounced back in Indiana in May, with wagering in the Hoosier State rising again after a dip in April. 

The Indiana Gaming Commission recently reported a handle of $254.4 million for the state's sportsbooks in May, up from $236.4 million in April.  

After paying out winners and making other adjustments, sports wagering revenue was $18.8 million last month, down from nearly $20.1 million the month prior and making for a hold of about 7.4 percent. Tax collected from the sportsbooks in May was nearly $1.8 million, which was also down from April’s $1.9 million.

According to the gaming commission, the most popular sport among Indiana bettors in May was basketball, as it garnered about $82.4 million in wagers. 

DraftKings on top 

The top sportsbook in Indiana last month, in terms of handle, was the Ameristar Casino in East Chicago, with approximately $89.2 million. 

Of that, $81.8 million in handle for the Ameristar came from one of the casino's digital partners, DraftKings Sportsbook. Another $2.9 million went to the casino's other digital partner, Score Media and Gaming Inc., and its theScore Bet app. Retail sportsbook wagers for the Ameristar were approximately $4.4 million.

The Blue Chip Casino in Michigan City and partner FanDuel finished second in handle once again last month, with the pair taking approximately $79.3 million in wagers online and $704,224 in bets placed in person.

Legal sports betting began in Indiana back in 2019, making it the 13th state in the United States with legal wagering. Bets can be placed both online and in-person in the state.

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Geoff Zochodne, Covers Sports Betting Journalist
Senior News Analyst

Geoff has been writing about the legalization and regulation of sports betting in Canada and the United States for more than three years. His work has included coverage of launches in New York, Ohio, and Ontario, numerous court proceedings, and the decriminalization of single-game wagering by Canadian lawmakers. As an expert on the growing online gambling industry in North America, Geoff has appeared on and been cited by publications and networks such as Axios, TSN Radio, and VSiN. Prior to joining Covers, he spent 10 years as a journalist reporting on business and politics, including a stint at the Ontario legislature. More recently, Geoff’s work has focused on the pending launch of a competitive iGaming market in Alberta, the evolution of major companies within the gambling industry, and efforts by U.S. state regulators to rein in offshore activity and college player prop betting.

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