The Hoosier State saw $500.7 million in wagers last month, nearly $100 million more than the $408.6 million in February.
Purdue's men's basketball team made a strong run in the NCAA tournament and Hoosiers took advantage, as best they could. that the Hoosier State saw $500.7 million in wagers last month, nearly $100 million more than the $408.6 million in February.. While sportsbooks certainly enjoyed the increase in action, bettors improved their luck again.
After holding 11.1% of their wagers in January, the hold percentage dropped to 9.3% in February. Last month, it fell again to 7.8%. From that hold, the operators made $39.4 million in revenue, just 3.6% more than the previous month. DraftKings and FanDuel were the only sportsbooks in March to see more than $100 million in bets, with DraftKings leading the way with $184.3 million versus FanDuel’s $153.2 million. operators.
Purdue rebounded from a loss to a 16-seed in last year's March Madness tournament. This year, the Boilermakers tore through their competition and reached the National Championship game, where they lost 75-60 to UConn. Nonetheless, the five tournament victories were enjoyed by local fans and bettors. Of the 13 online sportsbooks who saw action in March, 12 posted positive revenue. Only Unibet reported a loss of $30,000. If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so. It is your sole responsibility to understand your local laws and observe them strictly.
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