The Indiana Gaming Commission has released the latest sports betting figures for April 2023, providing valuable insights into the state’s sports wagering activity. While the handle exhibited a year-over-year decline, several notable trends emerged, shedding light on the preferences of Indiana sports bettors.
Handle Analysis:
In April 2023, Indiana’s sports betting handle amounted to $321.4 million, representing a 10% decrease compared to April 2022.
The month also saw a 25.8% decline from March’s handle, marking the lowest figure since August 2022.
Adjusted Gross Revenue (AGR):
Operators recorded approximately $29.4 million in adjusted gross revenue in April 2023.
This figure reflects a 2.4% increase from April 2022 but is 31.3% less than the previous month of March 2023.
Most Popular Sports for Betting:
Basketball dominated the sports betting scene, with $91.6 million in wagers.
Baseball followed closely behind with $61.2 million in bets, while football contributed $3.4 million.
Parlay bets gained significant popularity, accounting for $91.6 million in wagers, while other sports received $74 million in bets.
Online Betting Sites:
Among online sports betting platforms, FanDuel emerged as the most popular choice, with a total handle of $106 million.
DraftKings secured the second position with a handle of $101.3 million.
Tax Receipts:
The state of Indiana received nearly $2.8 million in tax receipts from sports betting activities in April 2023.
The Indiana sports betting landscape in April 2023 exhibited a decline in the handle compared to the previous year. Despite the overall decrease, basketball emerged as the top choice for sports bettors, while online platforms like FanDuel and DraftKings continued to lead the market. The insights from these figures provide a valuable snapshot of Indiana’s sports betting industry and its ongoing evolution.