Indiana betting market breaks handle record in February
Indiana’s regulated sports betting market reported a 9.6% month-on-month rise in handle in February, breaking the record set in January thanks largely to continued online growth.
Amounts wagered in February rose to $187.2m, of which $145.9m – 77.9% – was staked via mobile apps and websites. After player winnings, revenue of $11.1m, down 13.7% from January 2020.
Looking at the breakdown of handle across sports, basketball proved the most popular in February, with amounts staked rising 50.8% to $90.2m, making it by far the most popular. While the Super Bowl took place on February 2, Indiana bettors still bet $11.6m on the sport, largely over those two days.
Parlay betting also provided popular, with wagers up 8.6% to $44.1m. A further $39.7m was wagered on other sports and events, in the month that saw the Academy Awards take place on February 9.