Another month, another year-over-year decline in handle for Indiana's sportsbooks.
The Indiana Gaming Commission reported sports wagering handle of $356.2 million for the month of February. That was a 12% decrease from February 2022's number of $409 million.
That marked the second straight month of decline from the previous year, and the reason is clear enough: the dawn of legal wagering in neighboring Ohio. This was also the first time since September that wagering didn't hit the $400 million mark.
For the month, Indiana’s operators reported $27.7 million in adjusted gross revenue for a hold of 7.7% The state received $2.8 million in taxes for the month.