The Indiana Gaming Commission has revealed that the state’s sportsbooks posted a sports betting handle of $273,893,073 for the month of February.
Official figures released by the gaming commission today showed that February’s sports betting handle dropped 21.36% on January’s handle of $348,244,676.
Despite the fact that Super Bowl LV took place in early February, football bets accounted for only $18,759,941 of total wagers in the state.
Given that Indiana will host the March Madness NCAA Basketball Tournament, it’s unsurprising that basketball was the most popular sport with Indiana gamblers placing $127,206,227 in bets on both the NBA and College basketball during February.
Indiana sportsbook operators’ taxable AGR (adjusted gross revenue) amounted to $16,955,904. This resulted in sports wagering tax revenue of $1,610,811 for the month of February down 42.1% on January’s tax revenue of $2,786,357.
Image credit: Keenan / CC BY-SA 2.0