Indiana Handle From Sports Betting Falls 25% in April

The Indiana Gaming Commission reports that sports betting handle in the state fell by over 25% in April, with most sports seeing year-over-year decline.

Last Updated: May 13, 2023 12:45 PM ET Read Time: 4 min
Indiana Hoosiers sports betting
Photo By - USA TODAY Sports

The Indiana Gaming Commission reported that the state saw $321.4 million in legal sports betting wagers last month, a 25.7% monthly decline. Indiana hasn’t seen this low of a handle since August 2022.

Indiana’s tax revenue unsurprisingly also fell, by 30%, to $2.8 million. The hold percentage remained above 9%, but April’s 9.1% was below March’s 9.8%.

Compared to this time last year, April 2022 saw a greater handle ($360 million) but due to a 7.9% hold by the sportsbooks, the revenue difference was negligible and 2023 actually saw a slight increase in tax revenue.

FanDuel pulls ahead

After relatively limited growth in March, DraftKings' handle fell 29.7% to $101.3 million and is now the second-most popular among online betting sites in the Hoosier State.

FanDuel saw its action drop by 22% month over month and is now Indiana’s top sportsbook with $106 million in wagers.

There was also movement in the third and fourth slots. Caesars dropped by 33% and fell behind BetMGM, who declined by just 14.7%.

Baseball saved from April’s slump

Despite April 2023 seeing 10.7% fewer wagers ($40 million) versus April 2022, baseball was the only reported sport to see an increase in action.

Baseball saw 7.9% more bets while football (10.5%) and basketball (30.1%) declined significantly.

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