Sportsbooks Ticked Lower in April

Indiana’s sportsbooks ticked lower in April, following a big run during the first three months of the year. The state’s online and retail sports wagering generated $360 million in bets last month, generating $2.7 million in state revenue.
In March, Indiana sports bettors wagered nearly $479 million, according to data from the Indiana Gaming Commission.

Analysts from PlayIndiana.com say April marks the beginning of a seasonal ebb in sports betting that typically lasts until football season.

“Indiana is among the most mature markets in the U.S., but sportsbooks continue to post impressive year-over-year gains, month after month. Even with some economic headwinds, this annual growth should continue through the summer,” said Eric Ramsey, an analyst for PlayIndiana.com.

Despite the drop, sports betting volume in April gained more than 50% year over year, according to PlayIndiana. In April 2021, bettors placed $236 million in wagers.