Gambling Industry News

Indiana Sports Betting Handle Hits $437M in April

Published: Jun 24, 2025, 7:30 AM
3 min read
Updated: Jul 6, 2025, 8:00 AM

April Revenue Insights

Indiana’s sportsbooks booked $437.10 million in wagers during April 2025, an 11% lift on the same month last year and the Hoosier State’s strongest April handle since mobile betting began in 2019. Operators, however, kept a slimmer share of that action: the statewide hold slid to 9.19% (April 2024: 9.92 %), tempering gross gaming revenue (GGR) at $40.17 million. Because Indiana levies a 9.5% tax on adjusted gross revenue, the month’s state transfer still climbed to $3.82 million, up 8.3% year-over-year (YoY).

Indiana YoY Record

YearHandleGGRHoldTaxes
2024$393.86 m$39.08 m9.92 %$3.52 m
2025$437.10 m$40.17 m9.19 %$3.82 m

YoY: Handle +11% | GGR +2.8% | Taxes +8.3%

January–April

 2024 YTD2025 YTDYoY Δ
Handle$1.784 bn$1.962 bn+10.0 %
GGR$168.99 m$178.77 m+5.8 %
Hold %9.45 %9.23 %–0.22 pp
Tax$15.96 m$17.00 m+6.5 %

YoY change (2024 → 2025): Handle +10.1% | GGR +4.6% | Taxes -5.3% | Verified data from the Pennsylvania Gaming Control Board

Compare All U.S. States Sports Betting Revenue

Two Bluegrass Rivals, Two Very Different Playbooks

When Indiana and Tennessee rushed sports-betting bills over the finish line in spring 2019, lawmakers chose paths that now produce strikingly different monthly scorecards.

MilestoneIndianaTennessee
Enabling lawHB 1015 (May 2019)HB 1 (Apr 2019)
Go-liveRetail: 1 Sept 2019; mobile: 3 Oct 2019Online-only: 1 Nov 2020
Operator count (Apr 2025)11 brands12 brands
  • Indiana’s roster includes Bally Bet, Bet365, BetMGM, BetRivers, Caesars, Circa, DraftKings, ESPN BET, Fanatics, FanDuel, and Hard Rock Bet.
  • Tennessee fields Action 24/7, Bally Bet, Bet365, Betly, BetMGM, Caesars, DraftKings, ESPN BET, Fanatics, FanDuel, Hard Rock, and ZenSports.

Comparing Revenue

MetricIndianaTennessee
Handle$437.10 m$463.59 m
Hold %9.19%9.23%
GGR$40.17 m$42.78 m
State Tax$3.82 m (9.5% AGR)$8.56 m (1.85% handle)

What the Numbers Mean

  • Indiana’s 13-month head start locked in cross-border bettors and pushed lifetime handle past $15 B.
  • Tennessee’s 1.85% handle levy turns similar holds into Indiana’s state revenue.
  • Retail-plus-mobile Indiana favors local traffic; Tennessee’s 12-app, mobile-only field boosts promos and volume.
<p><strong>Sol Fayerman-Hansen</strong> is Editor-in-Chief at RG.org with 20+ years of experience in sports journalism, gambling regulation, and tech. His work has appeared in <i>Forbes</i>, <i>ESPN</i>, and <i>NFL.com</i>, covering U.S. and Canadian gambling laws, major sports events, and wagering trends. Since 2023, Sol has led RG.org’s global editorial efforts, focusing on transparency, data accuracy, and regulatory insight. He works closely with researchers and legal experts to uphold E-E-A-T and Trust Project standards.</p><p>📍 Israel/Canada 🌐 English, Hebrew 🎯 Gambling law, responsible gaming, tech in betting</p>
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