Indiana had a disappointing month of April in the sports betting industry, but that was to be expected. The Hoosier State still had big numbers, and a new sportsbook has launched.
The state of Indiana is usually one of the first to announce sports betting numbers for each month. That was the case once again in April. After a massive month of March with sports betting, April saw a significant drop in the overall numbers.
The total sports betting handle in the month of April was right around $360 million. That was a drop of more than $100 million from the massive haul that came in during March. Indiana usually gives a pretty clear idea of how the rest of the country performed, and it could be a disappointing month for many states.
Despite the slow month of April, the Indiana sports betting handle still grew 52% year over year. The total sports betting handle in April 2021 was just $236 million.
Even though Indiana sportsbooks saw less action in April than in March, it was actually an impressive month for those sportsbooks. The total sports betting revenue was over $28 million, and Indiana collected $2.7 million in tax revenue.
FanDuel Sportsbook was once again the sportsbook that led the way in Indiana as it posted a total handle of $112.4 million. DraftKings was once again in second place in April with a total handle of $101.5 million.
Basketball was the popular sport to wager on in April, but that isn’t a surprise in Indiana. This sport brought in over $129 million in bets, and parlay betting was next on the list at $91.3 million.
Hard Rock Goes Live in Gary
There is a new retail sportsbook in Indiana as the Hard Rock Sportsbook is now live in Gary. The Hard Rock Casino Northern Indiana is a popular wagering spot in the state, and it should attract sports bettors from the state of Illinois as well.
The Hard Rock Sportsbook will also be launching a mobile app and sportsbook at some point, but an official launch date has not been set. This property has been open for over a year, but the retail sportsbook is finally complete.
There are 13 sports betting apps in the state of Indiana, and Hard Rock Sportsbook will have to work hard to become competitive.
Caesars Partnering With Indy 500
Caesars Sportsbook is looking to make a big move in the state of Indiana as it has partnered with one of the most well-known racetracks in the world. They are now the official sports betting partner of the Indy 500.
The 2022 Indianapolis 500 will take place on May 29, and Caesars is expected to feature some big promotions around the big race. Betting on the Indianapolis 500 will be popular at all sportsbooks throughout the state, but Caesars will have specific and unique options.
All new customers that sign up at Caesars Sportsbook will also be invited to receive VIP access at Caesars Sportsbook Lounge at Pagoda Plaza.
