In the latest PricePerPlayer.com news, Indiana bookies are having a better month this March, compared with February’s numbers. This in hardly unsurprising, as the drop in February is quite normal in the industry. And while not a record-breaking number, March’s sports betting handle is still relatively good at $316.7 million.
For those who want to start a bookie business, keep in mind that there are a few months when action will be lower than usual, and February is one of those. There are fewer days, and one less weekend, so its understandable if you get less action in February. Most sportsbooks are more than abl14e to bounce back. Such is the case for Indiana, as they have a 15.6% increase from February’s $271.9 million.
Indiana Bookies Sports Betting Handle
The highest record for the state is still January 2021’s $348.2 million, so the handle for March is close to the record. Mobile sports betting again takes up more shares as the source of wagers at $286.8 million. This is 16.3% higher than February’s $246.6 million. This is around 91% of the total betting handle for the month. The popularity of online sports wagering is a primary driver of growth in most local betting markets in the US.
When it comes to the wagers that residents from Indiana made, there are less options for residents to bet on home teams, so there are probably less people placing these wagers. For the month of March, around $160.7 million of the total handle was made on basketball wagers. This is largely due to March Madness, the most popular collegiate basketball sports event, as well as the ongoing NBA season. They probably could have gotten a bit more wagers on March Madness, if Purdue was able get past the first round (they lost to North Texas).
