The Indiana gambling market sees an increase in handle for both its casino and sports betting markets in May. Retail and online betting and casino gaming are continuing to grow in activity over the past few months. Online gambling software continues to be the top source for betting action in the state, showing a continuous growth in the online sports betting industry.
The Hoosier state is growing to be one of the biggest sports betting markets in the country, and its retail casinos are also showing a significant increase in handle. Currently, however, Indiana does not have a regulated online casino market, and is limited to sports betting only. If you will start an online gambling business, it would be wise to consider adding an online casino, something most pay per head providers offer.
Indiana Gambling Market Data for May
Casino operations in Indiana are only found in retail casinos, but this is not stopping residents from playing more. May casino numbers give us a total of $241.4 million in handle (table games and slots combined). This is 14.1% higher than that of April’s $211.7 million. If restrictions on retail and recreation services will be lessened, this number could increase this June. As for retail sports betting, the numbers only take up a bit of the total, around 8% of the total handle at above $20 million.
The total sports betting handle for the state for May is at $254.4 million. This is 7.6% higher than April’s $236.4 million. As mentioned earlier, retail betting only takes up around 8% of the total handle, so around 92% of the handle, which is at $234 million, comes from online sportsbooks. The mobile betting handle increased by 9% from April’s $214.585 million. The highest total monthly handle Indiana has was back in January, with a total handle of $348.2 million.