Fanatics Sportsbook launches in Indiana

Indiana marks the fourteenth state for the Fanatics Sportsbook.

US.- Fanatics Betting and Gaming, a subsidiary of Fanatics Holdings, has launched Fanatics Sportsbook in Indiana. Indiana is the fourteenth state for Fanatics Sportsbook, which has recently launched in Michigan, Iowa, Pennsylvania and Vermont.

In 2023, Fanatics Betting and Gaming began acquiring the US businesses of PointsBet and planning the migration of PointsBet customers to the Fanatics Sportsbook app. PointsBet customer’s username, password, account balance, rewards points and responsible gaming settings will be automatically migrated.

Online gambling operator bet365 also launched in Indiana recently. In partnership with the French Lick Resort, Indiana is its eighth state in the US. The firm has already launched in Kentucky, Louisiana, Virginia, Ohio, New Jersey, Iowa and Colorado.

Indiana sports betting handle reaches $503.1m in December

Indiana’s sports betting handle was $503.1m in December, 16.6 per cent higher compared with the $431.4m bet in the same month in 2022, but just 2.1 per cent behind November 2023’s all-time high of $513.7m. December’s handle was the second-highest monthly amount since the state opened its legal market in September 2019.

According to the Indiana Gaming Commission, taxable adjusted gross revenue in December narrowly beat the existing record in Indiana of $50.5m, set in September 2022. Last month’s figure was 18.5 per cent higher year-on-year and surpassed the $30.7m posted in November 2023 by 64.8 per cent.