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Indiana Sees Large Dip in Sports Betting Handle for April 2021

The Indiana Gaming Commission recently released the April sports betting numbers, and the state saw a sharp decline in the total sports betting handle. A decline was to be expected after a big month of April, but these numbers were lower than what was anticipated.

The total sports betting handle for April was just $236.4 million after it jumped up to $316.7 million in March. The sportsbooks in the state benefitted from having the NCAA Tournament being played in Indianapolis and surrounding cities. 

This represented a drop of more than 25 percent from Indiana’s impressive betting numbers in March, although April 2021 total was nearly 800 percent higher than it was in April one year ago. Last year, most live sporting events were being canceled due to the pandemic, and retail sportsbooks were shuttered as well.

Mobile betting accounted for over 91 percent of the total monthly handle, and that is a trend that has been established since the very first months. The online sports betting handle did drop to just $214.6 million after it was $286.8 million in March.

The sports betting market in Indiana does continue to grow, but it hasn’t produced a big jump in the numbers. Both WynnBET and TwinSpires launched in Indiana during the month of April, and Barstool Sportsbook is expected to go live in May.

The decrease in the total sports betting handles also had a negative impact on the revenue for the month of April. Gross sports betting revenue fell by nearly 24 percent, down to just $20.1 million. 

It might be several months before Indiana sees another big jump in this industry as this is usually a slow time for sports betting. Indiana will set a new state record for the monthly handle, but it might not occur until the start of the 2021 NFL season. 

Basketball, DraftKings Still Big Winners

Even though the overall numbers in Indiana were not strong for April, there were some positive numbers in the IGC report. Basketball was once again the sport that brought in the most wagers, and DraftKings continues to be the top online sportsbook.

Despite having just three NCAA Tournament games in April, basketball still brought in $76.1 million in total sports betting handle. Parlay wagers accounted for more than $60 million as that continues to be a popular betting option. 

Baseball will soon have to carry the sports betting industry in Indiana, and that sport posted a total handle of $44.5 million in April.

DraftKings Sportsbook took in the most wagers during the month of April, but FanDuel Sportsbook was not too far behind. The Ameristar East Casino has partnered with both DraftKings and theScore Bet, and the total sports betting handle for that property was $79.2 million. 

FanDuel Sportsbook posted a sports betting handle of $67.1 million through a partnership with the Blue Chip Casino. This company has spent some time as the market leader, but that is no longer the case.

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