The fourth month of the year wasn’t particularly kind to Indiana sports betting and casinos, with month-over-month declines in handle and revenue in April.
Overall, Indiana sportsbooks took in $321,404,737 in handle during the month, representing a 21.6% month-over-month decline from March’s total of $410,107,994 and 10.7% year-over-year from the $360,023,255 the state raked in during the same period in 2022.
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Sportsbooks in the state had $29,413,465 in taxable aggregate gaming revenue from sports betting in April, which represented a 31.3% decline from March’s total of $42,842,572 and a 2.6% jump from April 2022’s total of $28,657,433.
As far as sports betting taxes are concerned, Indiana online sports betting apps and retail locations chipped in $2,794,279 during the fourth month of the year, down 31.3% from March’s $4,070,044.
As for Indiana’s casinos, the gaming facilities managed a total casino win of $211,015,952 in April, which was down 6.08% month-over-month from March’s sum of $224,686,951.
The Hoosier State saw a total of $199,183,356 in casino taxable aggregate gaming revenue in April, down 5.8% from the $211,448,416 in March.
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Indiana Sports Betting: April vs. March
| Total Handle | Revenue | |
|---|---|---|
| April | $321.4M | $29.4M |
| March | $410.1M | $42.8M |
| Change | Down 21.6 | Down 31.3% |
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Indiana Sports Betting Part of National Drop
So far, Indiana’s sports betting handle for April is behind national wagering standard-bearer New York and newcomer Maryland.
New York sports betting reported a wagering handle of $1.55 billion during April, while Maryland sportsbooks raked in $328.5 million in wagers during the month.
Iowa ($172.6 million), Kansas ($133 million), Oregon ($55.17 million) and West Virginia ($46.77 million) have also reported figures for the month, which typically ushers in the lull in national sports betting before the return of football season in the fall.
Overall, Indiana sportsbooks have taken in just over $1.5 billion in wagers through the first four months of 2023.
That total represents an 11.9% drop year-over-year from 2022’s sum of $1.746 billion, with all four months of 2023 failing to equal or beat handles from the year before.
