On Monday, the Indiana Gaming Commission issued a mobile launch authorization to BetMGM, an online/mobile sportsbook from MGM Resorts’ Roar Digital. The platform received approval to launch as early as Tuesday, Feb. 25. A time wasn’t disclosed.
The IGC issued Roar Digital a license back in mid-January. BetMGM will be the fifth online/mobile sportsbook live in the Hoosier State.
BetMGM will launch under Belterra Casino Resort, a Boyd Gaming operated casino. The sportsbook comes under an MGM-Boyd partnership dating back to the summer of 2018. Roar Digital is a 50-50 joint venture between MGM and GVC Holdings.
In January, the Indiana sports wagering market saw $170.8 million in wagers, up from $161.8 million in December. Last month, the four online/mobile sportsbooks accounted for $123.3 million in handle (72% of statewide total).
That percentage will only increase over time, thanks in part to the addition of other sportsbooks.
Sizing up the competition
BetMGM will have to compete with the likes of FanDuel, DraftKings, and BetRivers, all of which launched in October. Churchill Downs’ BetAmerica debuted its product in late December.
According to last month’s state figures, DraftKings led the way with $66 million in handle, followed by FanDuel with $49.5 million. BetRivers was third with $7.8 million in handle. BetAmerica was fourth with $90,000.
BetMGM will have some ground to make up.
FanDuel is also a Boyd Gaming partner in Indiana. Indiana law allows up to three online/mobile betting skins per land-based operator. FanDuel operates the retail sportsbook at Belterra Casino Resort, so BetMGM will be confined to an online presence.