Indiana Sports Betting Revenue up for May Despite Drop in Activity

by Olivia Richardson - Monday, June 13th, 2022 10:44

NBA sports betting

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.

Olivia Richardson

Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.