April’s sports betting slipped a bit compared to the early months of the year, but analysts say wagering still gained more than 50% year-over-year.
The first full month of spring marks the beginning of a seasonal ebb in sports betting that typically lasts until football season.
With the NBA Playoffs, the Final Four, and the first month of baseball spurring bettors, Indiana’s online and retail sportsbooks generated $360 million dollars in bets last month, resulting in $2.7 million in state and local taxes.
Most of the money was bet on basketball. A more thorough analysis of April’s revenue data can be found on www.playindiana.com