The latest monthly revenue report from the Indiana Gaming Commission has revealed that the state’s licensed sportsbooks accepted just over $308.4 million during the month of May.
Combined revenue up by $2 million month-on-month despite lowest wagering handle since August 2021
This represents a drop of 14.3% from April’s sports betting handle of $360 million and is 35.3% lower than the amount wagered in March. This is the second month in a row that the state has reported the lowest handle since August 2021.
Sports betting in Indiana had a new market leader for the first time last month and that continued as Blue Chip Casino reported accepting $92 million in wagers during May. The majority of wagers accepted by the casino came through its online partnership with FanDuel (91.6 million) and resulted in just over $12 million in revenue.
Long-time market leader, Ameristar Casino was Blue Chip’s nearest competitor accepting $87.6 in wagers throughout the month. Of that total figure, just over $84.7 million came through the casino’s online partnerships with DraftKings ($84.1 million) and theScore ($601,354). Meanwhile wagers at the casino’s retail sportsbooks came to $2.9 million.
Hollywood Lawrenceburg was once again the retail market leader accepting over $7.7 million in wagers during May.
Blue Chip posted the highest aggregated gross revenue (AGR) of the month with $12.6 million while Ameristar reported AGR of just over $7.3 million. Combined AGR for the month jumped month-on-month from $28.6 million to $30.6 million. This resulted in state taxes of $2.9 million, a slight increase on the $2.7 million paid in April.
Basketball was once again the most popular sport at Indiana sportsbooks with over $84.4 million wagered on the sport throughout the month.
The state currently has 13 legal sports betting apps – including DraftKings, Caesars and BetMGM – enabling anyone with an account the convenience of being able to wager from anywhere within state lines, without visiting a land-based sportsbook or casino.
Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.