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Indiana Sports Betting Handle Exceeds $400 Million in February

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Indiana’s sports betting revenue and handle increased year over year in February. However, the state posted a decline month over month, despite Super Bowl weekend, the NFL showpiece at the end of the season.

Total handle for February reached $408.7m (PS319.6m/EUR374.0m). It was up 14.7% from $356.2m the previous year but down 14.9% compared to $480.3m Indiana had in January.

Super Bowl LVIII, the highlight sporting event of the month did not translate into increased betting. Just $14.1m of all bets were placed on American Football.

Baseball was only $2.1m, while basketball attracted $117.6m in bets. Parlay betting totaled $191.0m, and wagers on other sports reached $83.6m.

In February, revenue reached $38.0m. This is 37.2% more than the $27.7m of February 2023, but still 29.0% less than January’s $53.5m record.

FanDuel has regained the lead on Indiana.

Blue Chip Casino and FanDuel topped the revenue charts in February. The partnership brought in $13.8m from a total of $126.5m.

DraftKings, Ameristar Casino and the Indiana market leader, Ameristar Casino (which led in Indiana in January), were only a few dollars behind, with revenues of $13.6 million. The handle was higher here at $153.5m.

The French Lick Resort also had a strong month, as it was the first time that the new partnership between Bet365 and the resort has been in place for a full calendar year. The revenue reached $3.5m on a handle of $30.7m.

Belterra Casino is another FanDuel Partner, with a revenue of $3m from a total bet of $31.3m.

Fans enter the fray

Fanatics Betting and Gaming launched its online sportsbook in Indiana at the end February.

Fanatics is replacing PointsBet in Indiana. PointsBet’s Indiana customers will have their account information, reward points, and settings for responsible gambling migrated automatically to Fanatics.

FBG is phasing-out the PointsBet in all states in the US since its August 2023 acquisition of PointsBet US. Since then, the brand is also available in New York. This brings its state total to 15

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