- Sports betting in Indiana is expected to launch on September 1 once the gaming commission adopts the rules.
- Rising Star Casino will offer retail sports betting and partner with three skins to offer online mobile betting.
- Declining revenues are expected to be turned around once the Rising Star Casino can begin offering betting action.
RISING SUN, Ind. – Sports betting was legalized in Indiana earlier this year and every casino in the state has submitted their paperwork to become a licensed operator.
Assuming the rule adoption by the Indiana Gaming Commission on August 28, the first bets could be placed a few days later on September 1.
Most of the casinos are preparing for this date, though not all are expected to launch on the first day. But one casino, the Rising Star Casino, detailed their preparations for sports wagering in their second-quarter report released on August 8.
“Sports wagering will launch on-site at Rising Star in the fall, followed by online sports wagering shortly thereafter throughout Indiana,” said Daniel Lee, President and CEO of Full House Resorts – the casino’s owner. “Through our online sports wagering partners, anyone in the will be able to conveniently place sports wagers from anywhere in the state via the Internet.”
Lee explained how sports wagering has greatly improved one of Full House’s establishments, the Silver Slipper Casino, which has taken in over $440,000 through 2019, without the aid of mobile betting.
“At Rising Star, we anticipate three online sports wagering partners, each offering an online website, in addition to an on-site sportsbook,” said Lee.
It is assumed that William Hill will be one of the casino’s skins, as the gaming company operates both the sportsbooks for the Silver Slipper Casino as well as the Stockman’s Casino Fallon.
Rising Star was one of the last casinos to apply for their sports betting license, but it was in the plans all along. With the second-quarter report showing a decline in net revenue, Lee believes this will only help turn things around.
Full House’s stock has seen a steady decline since the beginning of the year, but Lee was quick to explain the reasons why.
One of the main reasons was because of the road construction being done on Highway 50 – “the key road leading to the property”.
As Rising Sun is located off the Ohio River bordering Kentucky, those looking to visit the casino must travel to one of the bridges and drive roughly 30 minutes once inside the state. However, both of these bridges are direct routes to two other Indiana casinos, Hollywood Casino Lawrenceburg and Belterra Casino Resort, which are positioned right off the main roads.
Rising Star attempted to combat this issue, though. The casino offers a ferry service to cross the Ohio River, and the company made this a free amenity to those wishing to partake. According to the report, weekday and weekend traffic on the ferry increased by 69% and 56%, respectively, in July compared to June.
Once sports betting is active at Rising Star, it will join Full House’s Mississippi and Nevada properties who already offer sports betting. Assuming voters in Colorado move forward with their ballot initiative, Full House will be able to open another sportsbook in the Pikes Peak market at Bronco Billy’s Casino and Hotel Cripple Creek.
“Given the positive impact of sports wagering at our Silver Slipper Casino in Mississippi over this past year, we expect sports wagering to have a significant impact at Rising Star,” said Lee.
News tags: Belterra Casino Resort | Bronco Billy's Casino and Hotel Cripple Creek | Daniel Lee | Full House Resorts | Hollywood Casino Lawrenceburg | Indiana | Indiana Gaming Commission | Kentucky | Rising Star Casino | Silver Slipper Casino | Stockman’s Casino Fallon | William Hill
Michael began writing as an NBA content writer and has spent time scouting college basketball for Florida State University under Leonard Hamilton and the University of Alabama under Anthony Grant. A graduate of both schools, he covers topics focused on legal sports betting, betting odds, and casino reviews. Michael likes to golf, play basketball, hike, and kayak when not glued to the TV watching NBA games.