Indiana Sportsbooks Take Hit as April Sees Big Drop in Sports Betting Activity

by David Burke - Wednesday, May 18th, 2022 8:54

Indiana Sports betting

The Indiana Gaming Commission’s latest monthly revenue report has revealed that the state’s licensed sportsbooks reported accepting just over $360 million during the month of April.
Lowest amount wagered since August 2021

The latest figures represent a drop of 24.5% from March’s sports betting handle of $476.8 million and is the lowest amount wagered in a single month since August 2021.

Sports betting in Indiana had a new market leader for the first time this year as Blue Chip Casino reported accepting $112.4 million in wagers during March. Almost all of wagers accepted by the casino came through its online partnership with FanDuel while retail bets amounted to just $425,850.

Long-time market leader, Ameristar Casino was Blue Chip’s nearest competitor accepting $101.5 in wagers throughout the month. This was a sharp drop from the $145.8 million reported in the previous month. Of that total figure, just over $98 million came through the casino’s online partnerships with DraftKings ($97.4 million) and theScore ($635,654). Meanwhile wagers at the casino’s retail sportsbooks came to $3.4 million.

Hollywood Lawrenceburg remains the retail market leader accepting over $8.3 million in wagers during March, a significant drop on the $12.75 million reported during the previous month.

Blue Chip posted the highest aggregated gross revenue (AGR) of the month with $12.6 million while Ameristar reported AGR of just over $7 million. Despite a much lower overall handle, combined AGR for the month fell by only $3.6 million month-on-month to $28.6 million. This resulted in state taxes of $2.7 million, a slight decrease from the $3 million paid in March.

Basketball was the most popular sport at Indiana sportsbooks with over $129 million wagered on the sport thanks to the NBA playoffs and the Final Four.

Image credit: Christophe95 / CC BY-SA 3.0

David Burke

Reporter covering all aspects of sports, poker, regulation, iGaming business and more.