The Indiana Gaming Commission approved PointsBet’s Indiana sportsbook license. Although it is a temporary license, it will be the Australian gambling firm’s third license in the US. Also, the company submitted all the requirements for a full license.
The temporary license will allow the company to operate in the state. It will go through testing by the regulators before it earns a full license. The company told sportsbook pay per head news sites that Indiana offers many opportunities. They will make sure the state will get a premium sportsbook it deserves.
PointsBet didn’t give any indicators when it launches its online sportsbook in Indiana. At present, it is busy with its US expansion. It is currently running sportsbooks in Iowa and New Jersey. Also, it has mobile sportsbooks in both states and will open its first retail shop in Iowa. According to pay per head sources, the company launched its NJ mobile sports betting app in December 2018.
After getting the license in Indiana, PointsBet will continue its US expansion through sports betting deals in Illinois, Colorado, and Michigan. In Indiana, it is working with Hollywood Casino. It was part of the gambling firm’s agreement with Penn National Gaming.
According to pay per head bookie sources, PointsBet gave 5.3 percent of its company to Penn National Gaming for the right to open sportsbooks in various Penn National locations in Ohio, West Virginia, Louisiana, Missouri, and Indiana.
Only West Virginia and Indiana have legal sports betting. The gambling firm is betting that Louisiana, Ohio, and Missouri will legalize the activity in the future. Since launching online sports betting last September 2019, Indiana saw improved revenues each month.
Also, the state attracted players from Illinois. The state has yet to launch its sportsbooks despite legalizing the activity. In December 2019, the total sports betting handles were $161.8 million.