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Five month streak of sports betting records ended in Indiana

Hoosiers only made $273 million in sports wagers in February, ending a five-month streak of the state breaking new records. For comparison, Indiana set a new monthly high in January with nearly $350 million in bets.

Jessica Welman with PlayIndiana.com says a lackluster Super Bowl was the main cause for a drop in numbers last month.

“There’s not as much going on in February,” Welman said. “You have a big falloff, going from a bunch of football games to just one.”

However, Welman believes the state will bounce back this month, especially with all of March Madness being played in Indiana.

“The fact that there is going to be 25% capacity at these games means people will travel for it,” she said. That includes people from states that might not have legal sports betting, which might entice them to try it in Indiana.

“You get to go to the games and you know sports betting is an option, plus downloading that app on your phone and setting up an account only takes five minutes, really.”

Add those group of curious people to the Hoosiers who are already placing bets on college basketball, and Welman says March could be the best month ever when it comes to Indiana sports gambling, saying $400 million in wagers isn’t out of the question.

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1 comment

Charles U Farley March 15, 2021 at 8:27 am

Good! Maybe it will decline to the point that they stop running those annoying ads on the radio…

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