Indiana Sports Betting Report Shows Dip in Handle for February

In the latest gambling news, we are taking a look at the Hoosier state, as the latest Indiana sports betting report shows a 16.7% decline in handle in February. The handle is in $356.1 million, lower than January’s $427.1 million. And the numbers are not good, as the hold percentage and tax revenue decreases as well.

The hold percentage dropped from 8.5% to 7.7%, while tax revenue is down by 18.3% to $2.7 million. If we compare it to last year, there is a year-on-year decrease in handle by around 12.7%. There is one silver lining: there is a rise in revenue by 42% compared to February of last year. So, even if sportsbooks saw less wagers, they still earned more than last year.

Indiana Sports Betting Report: Breakdown of Sports

If you look at your sportsbook PPH reports, you will be able to look at the numbers and look at the trends. You will need to pay attention to how much wagers you get, how many players placed wagers, and where they placed bets. The sports calendar will be a guide for you to have an idea of where people will be betting, though.

February is considered to be a popular month for sports betting.  A lot of bookies use a pay per head bookie solution to handle the action for this busy month. This is mainly due to the Super Bowl, which is the biggest betting event of the year. But, a lot of markets still see a lower handle for this month.

This is because while you have the Super Bowl, it technically ends the football season. Professional football is always in the top 3 sports leagues in the US for sportsbooks, so this will be a big loss of wagering opportunities. Around February, you will, however, still get a lot of action on basketball, both college and professional, and hockey as well.

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