- Online sports bettors in Indiana have just been given two more sportsbooks to access for their betting needs.
- BetMGM and BetIndiana will be launching in the Hoosier State sometime in the near future.
- Internet and mobile sports betting applications have accounted for more than half of all wagers taken in the state.
INDIANAPOLIS – The state of Indiana will have a total of six online sportsbook offerings once they launch BetMGM and BetIndiana.
Both platforms have received the green light to move forward with their businesses under temporary licenses. The latest additions to the internet sports betting presence in Indiana will be in the company of industry leaders like FanDuel and DraftKings.
The Online Sports Betting Market In Indiana
BetMGM will be working with Belterra Casino in Florence. Belterra already has a FanDuel operation which makes BetMGM their second mobile sports betting operator. As it stands, FanDuel is the second biggest online sportsbook in the state, falling behind to DraftKings. There is no set date as to when BetMGM will officially launch in the state.
BetMGM is a collaboration between the MGM Resorts and GVC, a UK sportsbook. They have not yet been properly integrated into the U.S. market and are slowly making moves to do so. They are only active in New Jersey so far and this particular deal with Belterra is another one of those moves.
The mobile application itself still has a few kinks to smooth out as it’s not been geared toward an American audience but the company is working on those factors.
DraftKings has had a monopoly on the sports betting industry in Indiana and its partnership with Penn National’s Ameristar Casino in East Chicago. They have taken more wagers on sporting events than any other sportsbook in the state. This allows them to remain perched at the very top of the market.
BetIndiana is its own independent sports wagering application that will be working with the Majestic Star Casino in Gary. This sportsbook company is a product of Ameico. They are the underdog of sportsbooks in a state where bigger names are available. There is no date yet for the official launch of BetIndiana.
What Online Sports Betting Means To Indiana
Three of the state’s largest online sportsbooks, DraftKings, FanDuel, and BetRivers made up for 52% of the total handle and saw $4.2 million in revenue for the month of October alone. DraftKings took in the most wagers that month to the tune of $39.4 million, their very first month of being operational in the state.
With online mobile sports betting bringing in the most business for Indiana, adding two more sportsbooks will only help the revenue to expand even further. And with neighboring states not offering all that the Hoosier State does when it comes to the legal wagering on sports, it only helps for potential revenue gains that much more.
Sports betting in Indiana has become very lucrative for the Hoosier State. But it’s a trend among all states that have legalized the wagering on sporting competitions that the mobile side of the game is what brings in the most revenue.
Indiana has come to this realization, which is why they will soon have six different options for mobile applications in the near future.
Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.