Indiana sports betting revenue and handle rebound in March
| By Daniel O'Boyle
Indiana’s sports betting market saw handle increase to $316.7m in March, an increase of over $240m, or more than 300%, from March 2020 when casinos were forced to close due to the novel coronavirus (Covid-19) pandemic, and up 15.6% from last month.
Adjusted gross revenue for the month came in at $26.3m, an increase of $9.3m from February and $20.8m from the previous March. However both figures were short of January’s records.
Sports wagering tax paid by operators more than doubled compared to February, with a 55.4% increase to $2.5m in March.
Basketball led the way as the most popular sport to bet on, with bets totalling $160.7m, thanks in part to the NCAA Basketball Tournament, which was played in Indiana. Basketball bets were up 28.8% from February and 359.1% from March 2020.