Indiana Sports Betting Handle Declined Again in May
The Indiana sports betting handle decreased 8.1% year-on-year to $283.4 million in May, according to new figures from the Indiana Gaming Commission.
The Hoosier State has seen declining handle figures ever since neighboring Ohio introduced legal sports betting on New Year’s Day.
The trend shows no signs of abating, and Buckeye State residents no longer need to cross the border into Indiana to place legal sports wagers.
The $283.4 million wagered in May was down from $308.4 million in May 2022, and it also represented an 11.9% month-on-month decline compared to the $321.4 million wagered in April 2023.
Basketball was the most popular sport, with $72 million wagered, compared to $64.8 million on baseball. Hoosiers wagered $79.4 million on parlays, $2 million on football and $69 million across all other sports, including hockey, soccer, tennis, golf, MMA, boxing and NASCAR.
FanDuel, which has partnered with Blue Chip Casino, remains the market leader. It handled $96.6 million and generated $13.3 million in revenue during March.
DraftKings was narrowly second, with a handle of $95.6 million and revenue of $10.9 million, while BetMGM and Caesars Sportsbook held onto third and fourth place, with a market share of 9% and 8% respectively.
The total gross revenue reached $33.8 million, which was a 10.1% year-on-year increase compared to $30.7 million in May 2022, despite the smaller handle.