Indiana Sportsbooks See $476 Million Wagered In March 2022

• Indiana residents wagered more than $476 million on sports in March
• Indiana’s March sports betting handle increased 50.5% year-over-year
• The majority of March’s sports betting revenue came from March Madness wagers.

INDIANAPOLIS – The regulated Indiana sports betting market finished the month of March on a strong note after Indiana sportsbooks handled more than $476 million in sports bets, many of which came from March Madness betting.

Indiana Sports Betting Handle Growth

This is an undeniable display of the massive popularity surge that sports betting has seen in Indiana, as sportsbooks boasted a 50.5% increase in their March sports betting handle year-over-year.

March Sportsbook Handle Comparison

• March 2022 Handle: $476,802,783
• March 2021 Handle: $316,717,762

The majority of the bets placed in March went towards Basketball according to the latest report from the Indiana Gaming Commission, as Indiana residents went all in on March Madness betting.

Indiana Handle By Sport

• Football: $2,040,296
• Basketball: $274,082,462
• Baseball: $1,586,519
• Parlay: $121,322,333
• Other: $76,545,113
• TOTAL: $475,576,722

Yearly Handle Milestone

In addition to a stellar month of legal sports betting, Indiana also passed $1b in their yearly sportsbook handle in just the first three months of 2022.

Indiana sportsbooks generated more than $32.2 million in March sports betting revenue, divided amongst the active sportsbooks.

This is 22.4% increase year-over-year from the $25.3 million worth of revenue generated in March 2021.

March Sportsbook Revenue Comparison

• March 2022 Revenue: $32,275,331
• March 2021 Revenue: $26,350,639

The regulated Indiana sports betting market is certainly doing well already but continues to expand regardless with multiple new sportsbook operators planning to launch in April.

News tags: Indiana | Indiana Gaming Commission | Revenue