Indiana sportsbook’s monthly wagering continued to fall in May, but the state did see year-over-year growth compared to May 2021.
Data from the Indiana Gaming Commission revealed that the Hoosier State’s sportsbooks saw $308.4m in handle, down on April’s $360m, but up on the $254.4m reported in May 2021.
The highest monthly sports betting handle Indiana has declared so far in 2022 was in January when it saw $500.1m in wagering.
This monthly handle drop is an expected lull period for sportsbooks across the US, which isn’t expected to change until the sports calendar picks up again later this summer with the return of college and professional football.
Of the $308.4m in May wagering, operators made $30.7m in revenue, up on the previous year’s $18.9m, as well as on April 2022’s $28.7m.
With a 9.5% tax rate on revenue, operators handed $2.9m to the state’s coffers during the month, up on last year’s $1.8m paid in state tax during the same month. The majority of the tax revenue goes to the state general fund and problem gambling solutions.
With the NBA playoffs in full swing, basketball was once again the most popular sport wagered on during the month at $84.5m, but this was down on the sport’s handle for April of $129.2m.
Basketball was followed by baseball with $69.1m (April: $56.7m), while football saw $2.3m in wagers (April: $3.8m). $73.1m was wagered in parlay bets during the month (April: $91.3m).
Per operator, FanDuel-operated Blue Chip Casino led the way in revenue and wagers with a $91.6m handle and $12.6m in GGR.
DraftKings/theScore-operated Ameristar Casino was next ($84.1m handle, $7.1m GGR), followed by BetMGM-operated Belterra Casino ($40.4m handle, $4.4m GGR).
