March revenue report
The numbers from February sportsbooks were certainly impressive. Handle jumped 10% month-over-month to $187 million. Additionally, while Super Bowl numbers were strong, almost half of wagers were on basketball.
With conference championships and March Madness on the horizon, it looked like March would be enormous for Indiana sportsbooks. Then the world changed. With COVID-19 concerns shutting down basically all sports around the world, March is going to be a dismal month, with two weeks of virtually no wagers, refunded wagers on futures bets, and no idea when there might be something to wager on again.
Meanwhile, a couple of new online books, PointsBet and BetMGM, managed to launch in advance of the scheduled NCAA tournament, but ended up hurrying to market only to still be too late to make the most of it.