FanDuel Indiana
Industry Updates

FanDuel Sportsbook Goes Live with Mobile Betting in Indiana

FanDuel Online Sportsbook is now live in Indiana. After receiving approval from the Indiana Gaming Commission on Saturday to commence mobile sports betting, FanDuel Sportsbook opened its doors to Hoosier State residents today.

Indiana sports fans can visit the FanDuel website starting today to sign up for an account and download the official mobile apps for iOS or Android devices. Desktop users can also place their bets online at sportsbook.fanduel.com with no download necessary.

FanDuel Indiana is the third mobile sportsbook to launch in Indiana to date. BetRivers and DraftKings preceded FanDuel with both launching back on October 3rd. Indianans now have three betting sites to choose from, and more are likely coming soon.

In addition to online betting, FanDuel operates two retail sportsbooks at Boyd Gaming properties in Indiana. Blue Chip Casino in Michigan City and Belterra Casino in Florence each hosts a FanDuel-branded sportsbook for in-person wagers.

According to the IGC launch notice, FanDuel mobile operates off the Blue Chip Casino sports wagering certificate.

Here’s FanDuel Group CMO Mike Raffensperger on the launch of FanDuel Indiana:

We’re seeing incredible momentum at our Indiana retail sportsbooks and bringing our online sports betting platform to the state of Indiana is a natural next step. Now all sports fans in Indiana can see for themselves why we’re the number one online sportsbook in the country.

Additional Operators Waiting in the Wings

FanDuel is the latest online sportsbook to join the party in Indiana, but it will not be the last. Multiple other operators already hold Indiana Gaming Commission licenses and are partnered with local casinos to offer sports betting.

The full list of licensed betting providers (pg. 2) currently includes:

This list could grow over time as well. Indiana sports betting law allows each land-based casino or off-track betting facility to launch up to three independent online sportsbooks in partnership with third party providers.

Fifteen venues are licensed for IN sports betting, which creates 45 slots for online betting providers. It is doubtful Indiana will ever come close to filling all 45 slots, but the point is there is still plenty of room for more to join the fray over coming months.

Five other betting operators that are likely to enter Indiana at some point include:

  • BetIndiana: BetIndiana.com recently announced it plans to enter the sports betting market pending Indiana Gaming Commission approval. BetIndiana is operated by USA Sports Gaming LLC, which has partnered with Indiana’s Spectacle Entertainment to offer online betting under the Majestic Star Casino license.
  • FOX Bet: FOX Bet was formed out of a partnership between FOX Sports and The Stars Group. The Stars Group in turn has sports betting partnership agreements in place with Penn National and with Eldorado Resorts, both of which operate casinos in Indiana.
  • PointsBet: PointsBet also has a deal in place with Penn National that could be leveraged to partner on a mobile sportsbook in Indiana.
  • Wynn Sports Interactive (WSI): Wynn Resorts has plans in motion to bring the highly regarded Wynn Bet name to Indiana through a partnership with Full House Resorts, which operates the Rising Star Casino in Rising Sun.
  • Smarkets / SBK: International betting exchange operator Smarkets has also reached a deal with Full House Resorts to operate online betting in Indiana and Colorado. According to Smarkets CEO Jason Trost, Smarkets plans to launch SBK Sportsbook in the US with superior odds derived from the company’s exchange betting business.

None of these hold an Indiana sports betting license yet, though. Each would each need to acquire a license from the IGC and then receive a Mobile Go Live Authorization prior to launching in Indiana.

FanDuel Comes to Indiana with Momentum on Its Side

FanDuel comes to Indiana with all the momentum on its side following strong starts in New Jersey, Pennsylvania and West Virginia.

In all three states, FanDuel Sportsbook ranks first or second among mobile betting operators by total revenue earned since launch. Brand recognition combined with a database of engaged sports fans courtesy of its preexisting daily fantasy operations have helped FanDuel get off to a running start in every state it has entered to date.

  • FanDuel NJ Revenue: FanDuel reigns supreme in the bustling NJ market. The NJDGE does not break down revenue reports by individual operator, but FanDuel is partnered with Meadowlands Racetrack and we can safely assume FanDuel accounts for the vast majority of the track’s year-to-date online betting revenue of $75,006,751. In second place is DraftKings, which likely accounts for the majority of Resorts Digital’s year-to-date online betting revenue of $50,586,935.
  • FanDuel PA Revenue: FanDuel is the dominant mobile brand in Pennsylvania by a wide margin. According to the latest PA Gambling Control Board filing, FanDuel generated $4,736,979 in revenue from online betting. FanDuel’s closest competitor last month was SugarHouse Online with $1,842,228 in revenue.
  • FanDuel WV Revenue: FanDuel ranks second in West Virginia with $637,285.34 in mobile betting revenue since its August launch. This is second only to DraftKings, which has generated $1,284,613.77 since going live.

Indiana is shaping up to be a competitive online sports betting market with relatively low licensing fees, a reasonable tax rate of 9.5% and plenty of room for additional operators to enter the market.

FanDuel will have its work cut out for it in the Hoosier State, but if its successes in other states are any indication of what’s to come in Indiana, FanDuel will be operating somewhere near the front of the pack in little time.

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