April revenue report
As expected, April was a tough month for Indiana’s casino industry. With all of the major sports leagues shut down for the entire month, the Hoosier State recorded a record-low sports betting handle.
Indiana sportsbooks pulled in a meager $26 million in wagers throughout the month. That’s down from $75 million in March, and a record-high $187 million in February. COVID-19 didn’t start to shake things up until halfway through March. That gave the month an advantage that April just didn’t have.
The NFL Draft didn’t provide April the kind of boost that sportsbooks were hoping for. Overall, football barely accounted for $1 million of Indiana’s handle. Instead, Hoosiers spent April betting on non-major sports like table tennis and Belarusian soccer. Indiana bettors wagered over $21 million on those more obscure sports throughout the month.
Other states have been tossing out some lifelines that Indiana is missing out on. In particular, regulated online casinos and esports have helped boost the numbers in other states. Since Indiana doesn’t allow wagers on either of those, sports betting is the state’s only source of gambling income while land-based casinos are still shut down.
However, May could be the start of some things returning to normal. NASCAR and the UFC are working on getting back to business. Tiger versus Phil round two could also provide a boost. As more sports return to action, hopefully they’ll be able to generate some interest for Indiana’s bettors and sportsbooks.