WynnBet Given Go-Ahead for Indiana Launch
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WynnBET Sportsbook has received approval for launch in another state; Indiana.
Gaming operator WynnBET is officially launching its sports betting app in Indiana. Following discussions on Tuesday, the Indiana Gaming Commission gave its approval for Wynn Sports to launch mobile sports wagering activities within the state. The commission declared that WynnBet could go live on Thursday. The Hoosier State will become the fifth state for WynnBet. The sports betting site is already accepting wagers in New Jersey, Michigan, Virginia, and Colorado. The company has been approved to launch in Tennessee but hasn’t done so yet.
Wynn got market access into Indiana via a partnership with Full House Resorts, Inc. The two companies announced they had reached an agreement in 2019. Full House operates five casinos in four states. One of these is the Rising Star Casino Resort in the town of Rising Sun, which is a couple of hours outside of Indianapolis.
Full House CEO Daniel Lee said they are “excited” to be entering a partnership with Wynn Resorts. He added that this agreement would allow the gaming company “to conduct mobile sports wagering throughout Indiana.”
Indiana Sportsbooks Enjoying Success
The WynnBet sportsbook is the 10th Indiana sports betting operator to go live, and the first new site to go live in 2021. There will undoubtedly be more to follow as the year progresses. Last year, during its first full years of operations, Indiana recorded over $1.7 billion wagered on sports. That figure will likely have topped $2 billion if everything wasn’t halted due to the Coronavirus pandemic. Even so, the Hoosier State became one of the biggest sports betting markets in the US and has continued to expand.
January 2021 was the fifth straight month that Indiana set a monthly record for sports betting handle, with figures of $348.2 million. Over 85% of these bets were made online, resulting in $296 million of Indiana’s overall handle.
Unsurprisingly, the established brands lead the market, starting with DraftKings, who came out on top with $122.6 million. They were followed by FanDuel ($89.2 million) and BetMGM ($52.4 million). The run of record handles came to an end in February, as $273.9 million were wagered on sports for the month. The fall in numbers wasn’t a surprise considering February is a shorter month, and there isn’t as much football to bet on.
However, there is a good chance that March could be another record sports betting month for Indiana with March Madness underway. The Hoosier State residents love their basketball, and it is the first chance they have had to wager on the NCAA Tournament. Last year’s event was canceled due to COVID-19 restrictions.
The addition of WynnBet to the current options gives residents in Indiana even more options.
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