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May 13, 2022 Sports Betting

FanDuel rules the Hoosier State in April as handle falls in Indiana

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Statewide handle has dropped below $400m for the first time in six months, coming in at $360m.

Handle fell in April for Indiana’s sports betting market, reflecting somewhat of a national trend as the packed sporting schedules of winter and spring petered out.

Handle came in at $357.6m, falling over $100m short of March’s impressive $476.8m. From this sports betting handle, the state recouped approximately $2.7m in taxes. 

Basketball was the state’s favorite sport during April, with $129.2m in total bets. It was followed by baseball, while football came in third with a paltry $3.8m handle. 

The success of basketball can mostly be attributed to a series of NBA playoff games that took place during the fourth month of the year. 

Parlays had an impressive month, accounting for $91.3m of the state’s handle, bringing its yearly total to over $1bn. 

FanDuel reigned supreme in the Hoosier State during April, leading the charts in regard to online sports betting. The operator earned $12.6m in gross revenue, almost double its nearest competitor, DraftKings, who noted revenue of $6.6m.

BetMGM came in third, racking up $3.1m in revenue. Caesars, Barstool and BetRivers all trailed behind at the $1m mark. 

In terms of casino, Hard Rock Northern Indiana was the state’s most successful property with adjusted gaming revenue coming in at $39.6m. Moreover, Hard Rock experienced the most table wins, with $12.7m.

Indiana is one of 31 states with legal sports betting. Since the repeal of PASPA, the industry has boomed, with regions such as New York bringing handles of up to $2bn in a single month.  

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