Tag: Sports betting

Consumer spending on sports wagering in Indiana declined again in May, although 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 and $2.0m on 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.

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In New York, sports betting handle and revenue both increased year-on-year in May, although player spending fell to an eight-month low.

Consumers wagered a total of $1.36bn on sports during the month, up 7.9% from $1.26bn in May 2022 but 11.7% lower than $1.54bn in April of this year.

This was also the lowest monthly amount since September 2022, when handle amounted to $1.26bn.

In terms of revenue, this reached $152.0m for the month, a rise of 38.4% from $109.8m in May of last year and also 9.5% ahead of $138.8m in April 2023.

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Player spending on sports betting in Delaware fell to its lowest monthly total in eight months during April, although igaming wagers improved year-on-year.

The state’s handle in April amounted to $3.4m, down 10.0% from $4.2m in April of 2022 and marginally lower than $3.5m in March this year. This was also the lowest monthly total since August 2022.

Revenue was 19.2% higher year-on-year at $374,568, although this figure was down 31.2% from $544,385 in March.

Delaware Park retained top spot in the market with $195,226 in revenue from $1.9m in bets. Bally’s Dover followed with $93,506 from $873,791, then Harrington Raceway with $46,728 off $458,575.

Read the full story on iGB North America