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Indiana sports betting handle increases in May, poised to carry momentum into summer months

Indiana sports betting handle increases in May, poised to carry momentum into summer months

After plummeting to an all-time low in April, sports betting handle in Indiana took a step forward in May.

Mike Roselli
Staff Writer
//images.ctfassets.net/p0ykbbcw3bn6/7b8fatnt0savYXQpGjUFZX/00e35d26bfd9811ce1d5a2a0dbf573cd/14344275_10104074638428869_4255770574277636484_n.jpg
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@michaelroselli
Mike Roselli is a Chicago-based attorney and sports analyst. He runs "The Doggy Juice Podcast" - an analytics-driven podcast that updates listeners on state-by-state sports betting legalization and helps them find value on the betting boards.
After plummeting to an [all-time low](https://www.betchicago.com/indiana-sports-betting-handle-april-2020) in April, sports betting handle in Indiana took a step forward in May. The Indiana Gaming Commission released the state's [May sports betting numbers](https://www.in.gov/igc/files/2020-05%20Revenue.pdf) Wednesday, and sportsbooks showed a boost in betting action despite the absence of major American sports as the nation continues to battle the coronavirus pandemic. Indiana sportsbooks accepted $37,334,940 in wagers in May, up 41.9% from April’s $26,304,128. The $11 million increase in total monthly handle after April’s lows signals that the state is poised to see further rises in betting action as sports make their return this summer. __Also read:__ [Illinois suspends in-person mobile registration rule for sports betting](https://www.betchicago.com/illinois-sports-betting-mobile-registration-rule-change) With casinos closed throughout the state in May, the only way to wager in Indiana continued to be via mobile. Sportsbooks held $3,179,968 in mobile bets, more than doubling the $1,559,884 held in April and resulting in $302,097 in revenue for the state. <style type="text/css"> table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; } </style> <table class="tableizer-table"> <thead><tr class="tableizer-firstrow"><th>Month</th><th>Handle</th><th>Hold</th><th>Hold%</th><th>Mobile</th><th>Mobile %</th></tr></thead><tbody> <tr><td>Sept '19</td><td>$35.2 </td><td>$8.6 </td><td>24.4%</td><td>$0.0 </td><td>0.0%</td></tr> <tr><td>Oct '19</td><td>$91.7 </td><td>$11.5 </td><td>12.5%</td><td>$48.0 </td><td>52.3%</td></tr> <tr><td>Nov '19</td><td>$147.3 </td><td>$9.3 </td><td>6.3%</td><td>$96.2 </td><td>65.3%</td></tr> <tr><td>Dec '19</td><td>$161.8 </td><td>$12.0 </td><td>7.4%</td><td>$110.6 </td><td>68.4%</td></tr> <tr><td>Jan '20</td><td>$170.8 </td><td>$12.9 </td><td>7.6%</td><td>$123.3 </td><td>72.2%</td></tr> <tr><td>Feb '20</td><td>$187.2 </td><td>$11.1 </td><td>5.9%</td><td>$145.9 </td><td>77.9%</td></tr> <tr><td>Mar '20</td><td>$74.8 </td><td>$5.50 </td><td>7.4%</td><td>$60.8 </td><td>81.3%</td></tr> <tr><td>Apr '20</td><td>$26.3 </td><td>$1.56 </td><td>5.9%</td><td> $26.3 </td><td>100.0%</td></tr> <tr><td>May '20</td><td>$37.3 </td><td>$3.18 </td><td>8.5%</td><td>$37.3 </td><td>100.0%</td></tr> </tbody></table> “Online sportsbooks have proven to be resilient,” said Jessica Welman, an analyst at [PlayIndiana.com](https://www.playindiana.com/). “Operators have been remarkably creative in keeping bettors engaged, even with fringe sports as the main attraction. There is no making up for what has been lost, but weathering the storm has always been the priority. And I think most, if not all, have been successful so far in doing that.” The IGC has shown a willingness to adjust with the times, recently adding Professional Bull Riding and the Premier Lacrosse League to its list of approved events that sportsbooks in Indiana can take action on. “Other” sports once again accounted for the majority of money wagered in May, with $959,023 in bets placed on Korean KBO League baseball. With the PGA Tour expected to resume play this weekend and with the potential return of other major American sports on the horizon, Indiana is poised to see a further jump in handle moving forward. __Quarantine Q&A Series:__ [Sara Slane](https://www.betchicago.com/sara-slane-legal-sports-betting-quarantine-qa) | [Rufus Peabody](https://www.betchicago.com/rufus-peabody-pro-bettor-coronavirus-quarantine-qa) | [Gill Alexander](https://www.betchicago.com/gill-alexander-vsin-host-20-questions-during-quarantine) | [Robert Walker](https://www.betchicago.com/robert-walker-billy-walters-lauren-jackson-quarantine-qa) | [Daniel Wallach](https://www.betchicago.com/daniel-wallach-20-questions-during-quarantine-sports-betting-attorney) | [David Purdum](https://www.betchicago.com/david-purdum-20-questions-during-quarantine-sports-betting-reporter) | [Jay Kornegay](https://www.betchicago.com/jay-kornegay-superbook-colorado-quarantine-qa) | [Captain Jack Andrews](https://www.betchicago.com/captain-jack-andrews-sports-bettor-20-questions-during-quarantine)
2020-06-11T00:55:53.764Z2020-06-10T19:53-05:00
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      <div><p>As legalized sports betting expands, so too are the wagering options available to gamblers. Sportsbooks are getting more and more creative in what they’re posting on their oddsboards. While traditional pre-event bets – such as point spreads, moneylines and totals – remain popular, live betting is become a larger part of the sports betting experience.  Also, prop bets aren’t just for the Super Bowl anymore. In fact, there are props to wager on for practically any sporting event around the world.</p><p>Whether it’s on the <a href="https://www.betchicago.com/nfl-betting">NFL</a>, <a href="https://www.betchicago.com/college-football-betting">college football</a>, <a href="https://www.betchicago.com/mlb-betting/home">MLB</a>, <a href="https://www.betchicago.com/nba-betting">NBA</a>, <a href="https://www.betchicago.com/ncaa-basketball-betting">NCAA basketball</a>, <a href="https://www.betchicago.com/nhl-betting">NHL</a>, <a href="https://www.betchicago.com/soccer-betting">soccer</a>, <a href="https://www.betchicago.com/nascar-betting">NASCAR</a>, <a href="https://www.betchicago.com/ufc-betting">UFC</a>, <a href="https://www.betchicago.com/boxing">boxing</a>, <a href="https://www.betchicago.com/horse-racing-odds">horse racing</a>, <a href="https://www.betchicago.com/tennis-odds">tennis</a>, entertainment or eSports, it’s difficult to win long term betting on sports. That’s why it’s important to read up on the news that impacts the markets, dig deep into advanced statistics and hear from oddsmakers about how and why lines are moving.</p><p>Here at BetChicago, we follow sports betting from a national and even international perspective, but we put a special emphasis on Chicago, Illinois and the Midwest region. That means, for example, if you’re interested in where the futures odds of the <a href="https://www.betchicago.com/bears-betting">Bears</a>, <a href="https://www.betchicago.com/cubs-betting-odds">Cubs</a>, <a href="https://www.betchicago.com/white-sox-betting-odds">White Sox</a>, <a href="https://www.betchicago.com/bulls-betting-odds">Bulls</a> and <a href="https://www.betchicago.com/blackhawks-betting-odds">Blackhawks</a> stand, look no further. If you want insight and analysis about the betting lines for <a href="https://www.betchicago.com/big-ten-football-betting-odds">Big Ten football</a> or <a href="https://www.betchicago.com/big-ten-college-basketball-betting-lines-odds-trends-predictions">basketball</a> or <a href="https://www.betchicago.com/notre-dame-football-odds-betting">Notre Dame</a> sports, you’re at the right place.</p></div>