Indiana became just the sixth state in the post-PASPA era to reach $1 billion in adjusted sports wagering gross revenue when the state’s gaming commission on Friday reported $29.4 million in AGR for the month of April.
The Hoosier State joined New Jersey, New York, Nevada, Illinois, and Pennsylvania in this select circle, having reached the benchmark in 44 months of wagering after accepting its first bets in September 2019. Indiana has consistently been a top 10 state nationally for handle, often punching above its weight even as other more populous states have since launched commercial wagering.
April’s revenue total came from $321.4 million handle, resulting in a 9.2% hold. Though year-to-date handle is down 11.9% from 2022 at $1.5 billion, operator revenue has climbed 20.2% to $136.4 million. Operators have posted an 8.9% win rate through the first four months of the year, nearly 2.4 percentage points better than 2022.
