The Indiana Gaming Commission reported $500.8 million in sports betting handle for March on Friday, marking just the fourth time in 55 months the Hoosier State has surpassed one-half billion dollars worth of wagers.
More than $485.4 million worth of wagers were placed via sports betting apps as year-over-year handle increased 15.6%, aided by the Purdue Boilermakers making their first Final Four since 1969. They were the only team from the state in the men’s NCAA Tournament, while Indiana and Notre Dame both reached the regional semifinals on the women’s side after hosting first- and second-round games.
Handle was also up 22.5% compared to the $408.7 million in bets placed in February.
Sports betting revenue for March totaled $39.4 million, down 8% from 12 months prior, and included $1.5 million worth of adjustments in operators’ favor. The 7.9% hold was one-tenth of a percentage point higher compared to 2023 as the state received $3.7 million in taxes for the month.