Indiana Sports Betting Handle on the Rise

indiana gaming commission

On Wednesday, the Indiana Gaming Commission released their May revenue numbers. The Hoosier state saw their gaming handle come in at $37.3 million for the month. The May handle is a 42% increase from their April handle of $26.3 million.

Mobile betting was the lone driver in May, as Indiana casinos remain closed due to Covid-19. Overall, Indiana saw their revenue numbers come in at $3.2 million for May. An increase from $1.6 million in April.

Despite the increase in wagering and revenue, Indiana saw projections of $200 million in wagers if May was a normal sports month, according to PlayIndiana.

The Future of Mobile Betting

Indiana did not lose out on revenue thanks to mobile sports betting. The state’s casinos have been closed due to the coronavirus outbreak. However, sports bettors were still able to wager on events that are again happening.

The DraftKings Sportsbook at the Ameristar Casino saw $20.1 million wagered on their online Indiana site, which grossed $1.8 million in receipts. The FanDuel Sportsbook at the Blue Chip Casino brought in $12.3 million for the month of May, and $1.1 million in recepits.

Overall, mobile sports betting is showing strong numbers during the pandemic. Iowa, West Virginia, and Oregon are all showing increases in revenue from April to May numbers. In Indiana, the mobile handle for March was $60.8 million, which was 81% of the total handle. February saw $145.9 million bet mobile and 78% of the handle.

Online sportsbooks have been surviving through the pandemic. With many casinos across the U.S. still closed, mobile sportsbooks are finding ways to make sure their customers getting in on the action. The Hoosier state was able to bring in some revenue due to legalized mobile betting.

Also, Caesars Sportsbook launched its mobile betting app at the end of May. Despite sports betting numbers down across the U.S., Caesars sees potential in the state of Indiana to grow their business. An encouraging sign for the sports betting industry.

Casinos and Sports Coming Back

Casinos are allowed to start opening up June 15 in Indiana, under the COVID-19 health guidelines. Opening up casinos should help sportsbooks attract some revenue streaming from their retail locations. However, mobile betting will most likely be the go-to right now.

Also, the NHL and NBA are returning next month, while the MLB is finalizing a plan to start their season. With major U.S. sports coming back, Indiana should continue to see its revenue rise as the country begins to open up.

On June 1, the Indiana Gaming Commission added professional bull riding and the Premier Lacrosse League to the board, so bettors have a variety of sports to bet. Also, the PGA restarts their tour on June 11, which will be another event sports bettors can wager on.

In May, “Other” sports had the most wagered money at $30 million of the handle, and “Parlays” followed it at $5.1 million. The Korean Baseball League (KBO) saw the third most action in the state of Indiana, as $959,023 was wagered on the sport.

Overall, Indiana is showing a rebound in sports betting. Despite missing out on bigger estimates, the Hoosier state should continue to grow as casinos open up, and major U.S. sports return this summer.

I fell in love with handicapping right away. Sports betting is a lot more enjoyable when going through advanced data to find an edge on a Vegas line. Situational plays is a focus of mine and study stats and data analytics to go along with certain situations to make myself a more well rounded capper. College football and college basketball are my favorite to bet.

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