The February sports betting reports are in for Indiana, and the top sport for the month was basketball. With more than $187 million bets placed, over $90 million resulted from basketball wagers. The month was a success as players were betting more than in January, pushing the revenue totals to over $11 million and more than $1 million paid in taxes to the state.
Monthly Big Earners:
For February it was DraftKings and FanDuel that brought the most action. Ameristar came out on top with their DraftKings offering, producing just over $79.9 million in bets. More than $74 million of that amount was generated online. The brand brought in just over $6 million in revenues.
For Blue Chip and partner FanDuel, they earned a little less with $65.9 million in betting handle and $2.06 million in revenues. Around $63.8 million of those bets were placed online.
Online betting is the method of choice for sports fans with February seeing close to $146 million in bets placed via the internet. Amazingly, FanDuel and DraftKings account for close to 95% of the total sports bets placed in the state.
Other operators are having a hard time gaining any ground against the two heavyweights. Many are posting the same numbers instea 7BALL CX d of seeing an increase in wagers or bets placed.
According to the source…
BetMGM launched in February, and is the new kid on the block in the industry. They earned only $70,000 in bets but they launched on the 25th, so they were only operational for a few short days.
The operator launched sports betting services in the state thanks to a partnership with Boyd’s Belterra casino. They were provided a temporary license in January and the official go-ahead to launch in February.
Retail Master:
While online sports betting brings in the most bets, there is one Indiana venue that is dominating the retail sector. The Horseshoe Hammond saw over $12 million in bets placed last month, which is the most for a land-based provider in the state. They earned just over $1 million in revenues from the wagers.