Sports Betting Dive Continues

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    • While the major states in sports betting have yet to report April numbers, smaller states lost big.

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With very few live events, sports betting dollars have continued to dry up. While hopes were high surrounding betting on the NFL Draft, early numbers don’t look promising. Nevada, New Jersey and Pennsylvania haven’t reported yet, but three smaller states saw dramatic declines.

April State Betting Handles:

  • Indiana: $26.3 million, down 64% from March
  • Iowa: $1.6 million, down 92%
  • West Virginia: $2.96 million, down 79.8%

West Virginia reported that the week ending May 2, which contained the NFL Draft, generated $1.06 million in handle, double any of the previous four weeks. While Pennsylvania’s numbers from April aren’t yet reported, Rush Street Interactive said 75% of its April Pennsylvania betting volume came from table tennis.

Though traditional action is limited, some horse racing circuits have managed to remain open during the shutdown, the New York Times reported. Nebraska’s Fonner Park has averaged $2.8 million in bets each day. Its February to April wagers were $71.3 million, up from $7.5 million the same period last year.