FanDuel To Launch Its Mobile Sports Betting App In Indiana On Tuesday

FanDuel To Launch Its Mobile Sports Betting App In Indiana On Tuesday

Fanduel is all set to launch its mobile sports betting application in Indiana on Tuesday.

Starting on Tuesday, sports bettors in Indiana will have a third option for a mobile application as FanDuel will launch its online platform in the state.

Fanduel already operates two retail sports betting outlets in the state which it opened last month. The Indiana Gaming Commission has allowed Fanduel to launch mobile sports betting app under the license awarded to the Blue Chip Casino in Michigan City near the Michigan state line.

Earlier in October, Chicago-based Rush Street Interactive and Boston-based DraftKings were the first to launch online sports betting operations in Indiana.

Indiana’s gambling revenue has dropped by about 18 percent since 2012 and the state is hoping to generate about $13 million additional revenue per year by launching sports betting operations. Indiana’s sports betting tax regime imposes a state tax of only 9.5% of gambling establishment’s sportsbook winnings.

Indiana launched legal sports betting from September 1.

According to the figures released by the state gambling regulator, Indiana grossed $35,215,416 in the very first month of its legalized sports betting operations.
The state’s total taxable Adjusted Gross Revenue (AGR) was $8,558,974. There are a total of 19 licensed casino operators in the state and it is expected that all 19 casinos offer sports betting.

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