Indiana sports betting handle falls again in May

Consumer spending on sports wagering in Indiana declined again in May, though revenue improved month-on-month.

Players bet $283.4m on sports during the month, down 8.1% from $308.4m in May 2022 and 11.9% lower than $321.4m in April this year.

Basketball drew the most bets with $72.0m wagered in May, while $64.8m was spent on baseball bets an $2.0m football. A further $79.4m was wagered on parlay bets and $69.0m across other sports.

In contrast, adjusted gross revenue reached $33.8m. This was 10.1% more than $30.7m in May last year and also 15.0% ahead of $29.4m in April this year.

Read the full story on iGB North America.

Original Article