The Indiana Gaming Commission on Monday reported a sports betting handle of $283.4 million for May 2023, a year-over-year decrease of nearly $25 million. This continues an ongoing trend for the Hoosier State, as handle has dropped in comparison to 2022 each month since Ohio launched sports betting in January.
Despite the drop in handle, the operators took in about 10% more in adjusted gross revenue than in May 2022, with a haul of nearly $33.8 million, for a robust hold of 12%.
The state received over $3.2 million in taxes associated with sports betting for the month.
FanDuel held on to the top spot in handle for the second consecutive month, posting $96.2 million in total bets.
