All About Indiana Sports Betting Handle And Revenue
The experts at IndianaBets.com put together this guide to Indiana sports betting so you can better understand terms such as handle, revenue and tax collections.
Indiana launched its legal sports betting market in September 2019. The Hoosier State has wagering via online sports betting operators and also offers sports betting at more than a dozen brick-and-mortar casinos.
People can use their smart phones, laptops or desktop computers to place bets with more than a dozen operators from anywhere. This option offers the utmost convenience and in Indiana, as in most states with online wagering, that’s what most bettors prefer. Indiana is among more than 30 states offering online sports betting and Indiana sportsbook apps are by far the most popular option in the state.
Folks in Indiana can bet on sporting events such as March Madness, Big Ten basketball and football, the Indianapolis 500 and the rest of the IndyCar Series schedule, plus events from across the country and around the world. And in Indianapolis, major wagering interest centers around the hometown Indianapolis Colts in the NFL and the NBA’s Indiana Pacers – but don’t forget soccer wagering, which includes the Indy Eleven of the United Soccer League plus MLS, World Cup, the English Premier League and so much more.
Anyone interested in wagering online for the first time in the state can get Indiana sports betting promo codes as incentive for signing up. You must be physically inside the state to wager at online Indiana sportsbooks.
Indiana Sports Betting, February vs. January
Indiana Sports Betting Handle and Revenue: February 2023
Indiana sportsbooks saw a slight dip in handle and a bigger decline in February compared to January.
Overall, the sports betting handle, or amount wagered, was $408,675,533 in February, down 15.0% from January’s total of $480,573,358. The mobile sports betting handle was down almost as much, declining 14.6% from $468.5 million in January to just over $400 million last month.
The revenue was down even more sharply in the second month of 2024. February’s taxable adjusted gaming revenue was $37,983,488, a 29.0% decrease from January’s $53,469,414.
The sports wagering tax was down by a corresponding percentage, falling from just over $5 million in the first month of the year to $3,608,431 in February.