In the first month since neighboring Ohio enjoyed legal sports betting, Indiana took a noticeable hit compared to the same time last year.
With sports bettors in the Buckeye State no longer needing to cross into Indiana to place bets, the Hoosier State’s handle dropped 14% in January 2023 compared to January 2022 when Indiana hauled in a record $500 million handle.
Sports betting in Indiana saw its handle drop for the second consecutive month from $431.4 million in December 2022 to $427.1 million to start 2023, according to figures released Friday by the Indiana Gaming Commission.
January 2023’s revenue decreased as well from $40 million to $36.4 million while claiming an 8.5% hold — a 1.4% drop from December. The state also received $3.4 million in taxes for January.
Rivalry edge goes to…
FanDuel — which operates through Blue Chip Casino — edged rival DraftKings $142.3 million to $139.6 million in online sports betting handle. FanDuel also made a much bigger revenue difference as it hauled in $17.5 million compared to DK's $9.2 million.
BetMGM had the third-highest mobile handle in Indiana with $38.2 million, while Caesars didn’t lag far behind at around $34 million.
Hoops is king
Basketball dominated Indiana as bettors racked up $155.5 million in wagers in January. With the NFL shifting to the playoffs and college football coming to an end, football fell to second in individual sports as it went from generating $136 million in handle in December to $90.6 million in January.
The Hoosier State also brought in $124 million in parlay wagers.
