Indiana April 2025
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
| Year | Handle | GGR | Hold | Taxes |
|---|---|---|---|---|
| 2024 | $393.86 m | $39.08 m | 9.92 % | $3.52 m |
| 2025 | $437.10 m | $40.17 m | 9.19 % | $3.82 m |
YoY: Handle +11% | GGR +2.8% | Taxes +8.3%
January–April
| 2024 YTD | 2025 YTD | YoY 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
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.
| Milestone | Indiana | Tennessee |
|---|---|---|
| Enabling law | HB 1015 (May 2019) | HB 1 (Apr 2019) |
| Go-live | Retail: 1 Sept 2019; mobile: 3 Oct 2019 | Online-only: 1 Nov 2020 |
| Operator count (Apr 2025) | 11 brands | 12 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
| Metric | Indiana | Tennessee |
|---|---|---|
| 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 2× Indiana’s state revenue.
- Retail-plus-mobile Indiana favors local traffic; Tennessee’s 12-app, mobile-only field boosts promos and volume.
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Sergey has been in sports journalism since 2007 as a reporter, editor, and manager. He has covered the Olympic Games, soccer World Cups, the World Cup of Hockey in 2016, the European championships, the Stanley Cup Finals, IOC events, and many others. Sergey interviewed the sport's greatest athletes, coaches, and executives. Since 2016, he has been an Independent Senior Editor of NHL.com/ru.