The Indiana Gaming Commission reported a monthly revenue increase of 25.7% from $37.9 million to $47.7 million in February.

Overall sportsbook revenue was up 37.2% compared to February 2023, getting an additional boost of $382,000 worth of adjustments in operators’ favor. It was, however, also off 29% from January’s record haul of $53.5 million.

Handle totaled $408.7 million, an increase of 14.7% from 12 months prior as the state tied a record with six consecutive months of $400 million-plus worth of accepted wagers. It first accomplished the feat from October 2021 through March 2022.

The statewide hold was 9.3%, dragged down slightly by retail sports betting. Brick-and-mortar sportsbooks had a 3.4% win rate against a $10.7 million handle for February as five venues posted losses.

The state received $3.6 million in taxes, lifting the total for the first two months of the year to $8.7 million. Revenue is up 42.6% compared to the first two months of 2023, aided by a 10.3% hold on $889.2 million handle thus far.