WynnBET Sportsbook Receives Clearance to Launch in Indiana
WynnBET is officially coming to Indiana.
On Tuesday, the Indiana Gaming Commission authorized Wynn Sports to conduct mobile sports wagering activities within the state. WynnBET can go live on Thursday.
Indiana will become the fifth state for WynnBET. Its sports betting platform has already launched in Colorado, Michigan, Virginia and New Jersey. It has been approved in Tennessee but has yet to launch.
Wynn earned market access to Indiana through its partnership with Full House Resorts, Inc. The two announced their deal in 2019. Full House operates five casinos in four states, including its Rising Star Casino Resort in the town of Rising Sun, which is about two hours southeast of Indianapolis.
“We are excited to partner with Wynn Resorts, allowing them to conduct mobile sports wagering throughout Indiana,” Full House CEO Daniel Lee said in a statement.
Indiana Sportsbooks Booming
WynnBET becomes the 10th sportsbook to launch in the Hoosier state and is the first new book to go live in 2021.
In 2020, its first full year of operations, Indiana saw over $1.7 billion wagered on sports. The number likely would have eclipsed $2 billion if it wasn’t for the COVID-19 pandemic. Still, the state became one of the biggest sports betting markets in the country and has continued to grow recently.
January 2021 marked the fifth straight month that the state set a monthly record for sports betting handle, topping out at $348.2 million. More than 85% of those wagers came online, resulting in $296 million of Indiana’s overall handle.
The well-known brands topped the handle charts, with DraftKings first at $122.6 million, followed by FanDuel ($89.2 million) and BetMGM ($52.4 million).
February marked the end of Indiana’s run of record handles, with $273.9 million wagered on sports for that month. The decline isn’t all that surprising given it’s a shorter month and there is not as much football to bet on.
But with March Madness taking place now, March figures to be another record sports betting month for Indiana. It’s the first NCAA Tournament residents in the basketball-crazed state are eligible to bet on; the coronavirus pandemic led to the cancelation of last year’s event.
The addition of WynnBET will also likely help the state garner a larger handle, with players having another betting option at their disposal.
Representatives of WynnBET declined to comment Wednesday.
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