Indiana Sports Betting Drops Below $275M, But State Ready for Once-In-A-Lifetime NCAA Tournament, According to PlayIndiana | State

Indiana Sports Betting Drops Below $275M, But State Ready for Once-In-A-Lifetime NCAA Tournament, According to PlayIndiana | State

LAS VEGAS, March 12, 2021 /PRNewswire/ — A somewhat disappointing Super Bowl for Indiana sportsbooks pushed February’s handle to less than $275 million, snapping a five-month streak of record wagers for the state. But fresh records will almost certainly be coming as Indiana gets set to host the entirety of the NCAA Men’s Basketball Tournament, according to PlayIndiana.

“Indiana remains a shining star among legal sports betting markets, even with a disappointing Super Bowl,” said Jessica Welman, analyst for PlayIndiana.com. “It is eye-popping to see a pullback, especially considering February marked the first full month of online sports betting in Michigan. But the market has continued to expand in spite of increased competition from Illinois, so this is likely a momentary blip explained most easily by the uniqueness of Indiana’s market.”

Indiana…

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