- Casino
- Bitcoin Casinos
- Blacklist
- Real Money Casinos
- Reviews
- Strategy Guides
- Sweepstakes Casinos
- US Online Casinos
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- Slots
- Free Slots
- Ancient Slots
- Animal Slots
- Buffalo Bounty
- Chase the Turkey
- Fortune Frog
- Four Mighty Beasts
- Genesis Island
- Jungle Stripes
- Kraken Deep Wins
- Panda Playtime
- Polar Heatwave
- Purrfect Pets
- Rabbit’s Riches
- Safari Stampede
- Sea Treasures
- Shark Spin
- Stampede
- The Exterminator
- The Ingot Ox
- Tiger Temple
- Under the Sea
- Wilderness Wins
- Wolf Moon Rising
- Asian Slots
- 4 Seasons
- 15 Dragon Pearls
- Buddha Fortune Hold and Win
- Cai Hong
- Dragon & Phoenix
- Dragon Kings
- Empire of Riches
- Journey to the West
- Lucky Macau
- Make You Rich
- Moon Sisters Hold and Win
- Mr. Macau
- Mythical Creatures
- Oriental Flower
- Prosperous Bloom
- Storm Lords
- Super Rich God Hold and Win
- Thai Blossoms
- Twin Dragons
- Winds of Wealth
- Classic Slots
- Food Slots
- Gold Slots
- Horror Slots
- Jungle Slots
- Magic Slots
- Sports Slots
- Slot Developers
- Poker
- Sports
- Esports
Sports Betting Revenue in Indiana Goes Down In February
Indiana’s sports betting handle went down in February after five consecutive months of record-breaking numbers.
Lack of Football Drags Down Sports Betting Handle
Indiana sports betting experienced a slight decrease in February. After five record months in a row, players in the state wagered $273.9 million, according to figures released by the Indiana Gaming Commission (IGC) on Friday. That corresponds to a 21% decrease compared to the previous month.
Adjusted gross operator revenue amounted to $17 million, down from January’s $29.3 million record. That represents about a 6.2% hold for the month. Some $1.6 million went to the state’s coffers.
The sharp decline might be attributed to the empty sports calendar after Super Bowl LV and the fact that February had fewer days than January. The lack of football was a major setback, as football bets slumped by nearly 76% in February from $77.6 million to $18.8 million.
Basketball stood at $127.2 million, slightly less than the $133.2 million handle in January. Parlays generated $66 million, with other sports accounting for $60 million. Baseball attracted $91,808 in bets.
Mobile sports betting continued as the major driver of handle in the state. In February, mobile betting generated about 90% of the $273.9 million handle or $240 million. DraftKings in partnership with the Ameristar Casino in Chicago was the leader in sports betting handle. The operator posted $107.4 million of wagers through their mobile retail sportsbook in February. DraftKings was closely followed by FanDuel and Blue Chip Casino with $70.9 million for February. The third place goes to BetMGM and the Belterra Casino with $33 million.
Online casino gambling is not legal in Indiana yet, which might be a reason for the decrease in casino revenue. The state’s 13 casinos posted $135.6 million, down from $167.6 million in January.
March Madness to Boost Wagers?
Indiana will be able to bet on March Madness for the first time in 2021 since last year the tournament was canceled due to Covid-19. Moreover, the state could be the biggest benefactor as the whole event will take place in the Indianapolis area over the upcoming weeks.
In addition, residents of Illinois, where betting on in-state college teams is prohibited, could place a bet on their No. 1-seeded University of Illinois men’s basketball team. The 2021 NCAA Men’s Basketball Tournament could boost college basketball betting in Indiana to levels no single jurisdiction has ever achieved.
Experts say that the tournament is expected to generate up to $100 million for Indiana’s struggling economy. Indiana Sports Corp. President Ryan Vaughn said the event was a “tremendous opportunity” for the city especially as it is still recovering from the consequences of the pandemic.
Martina is a veteran writer, analyst in researchers with years of hands-on experience in interpreting, statistics, translation, and creative writing. She has done multiple internships in various related fields and currently takes care of all Spanish and LatAm content at GBN. Martina speaks three languages to top off her array of specialist skills.
Must Read
Industry
October 4, 2024
Massachusetts Orders Bovada to Cease and Desist
More Articles
Legal
October 10, 2024
Kentucky Lawsuit Seeks to Reimburse Gray Machine Gambling Losses
Industry
October 10, 2024
Vegas Hotel Faces Lawsuit Due to Bed Bug Bites
Sports
October 10, 2024
Growing Number of Young Bettors Amid Spike in Problem Gambling
Industry
October 10, 2024
Massachusetts Sets Aside $3.1M to Combat Youth Gambling
Industry
October 10, 2024
Delaware Park Casino Raises $12K Donation for Faithful Friends
Sports
October 10, 2024
Las Vegas Sands SVP and Stepson Injured in Upper East Side Assault
Sports
October 10, 2024
LA Dodgers Pitcher Robbed at California Racetrack
Casino
October 9, 2024
Norfolk City Casino Project Inches Closer to Realization
Casino
October 9, 2024
PA Husband and Wife Hit Jackpots within Minutes of One Another
Sports
October 9, 2024
Study Reveals Gamblers Behind Surge in NCAA Athlete Abuse