Sportsbook operators in the Hoosier State cleared $20 million in adjusted gross revenue for the sixth time in the last seven months despite a month-over-month drop in handle of more than 25% for April, according to figures released Wednesday by the Indiana Gaming Commission.
The books posted an 8.49% win rate to claim nearly $20.1 million in revenue from more than $236.4 million wagered. That revenue total, however, was still a 23.8% dropoff from March’s figure of more than $26.3 million, the second-highest since Indiana launched sports betting in September 2019.
The backslide from March’s handle of $316.7 million was expected. March features the NCAA men’s basketball tournament…and the 2021 version was an added draw in Indiana since the entire tournament was played in the state as part of COVID-19 mitigation measures.
