Indiana recorded its lowest wagering month of 2022 so far in April, with the state only achieving a handle of $360m.
However, according to data from the Indiana Gaming Commission, the month’s wagering total was a significant improvement on the figure the state achieved during the same month in the previous year.
April’s $360m easily surpassed the handle the Hoosier State accomplished during the same period in 2021 of $236.4m. However, the figure didn’t come anywhere close to what the state reported in March 2022 of $476.8m.
Yet, a drop in state handle is widely expected across the US during this time of the year due to the end of the NCAA March Madness basketball tournaments and only future college football and NFL bets being made.
Of the $360m in April handle, operators made $28.7m in revenue, up on the previous year’s $20.1m, but down on March 2022’s $32.3m.
With a 9.5% tax rate on revenue, operators handed $2.7m to the state’s coffers during the month, up on last year’s $1.9m paid in state tax during the same month. The majority of the tax revenue goes to the state general fund and problem gambling solutions.
As the NBA playoffs roll on, it comes as no surprise that basketball was the most popular sport wagered on during April, recording $129.2m in bets. Basketball was followed by baseball with $56.7m, while football saw $3.8m in wagers. $91.3m was wagered in parlay bets during the month.
Per operator, FanDuel-operated Blue Chip Casino led the way in revenue and wagers with a $112.4m handle and $12.7m in GGR.
DraftKings/theScore-operated Ameristar Casino was next ($101.6m handle, $7.1m GGR), followed by BetMGM-operated Belterra Casino ($46.7m handle, $3.3m GGR).