FanDuel’s online sportsbook may soon be available to Indiana residents. That won’t be the only presence of FanDuel in Indiana sports betting, however.
Two casinos operated by Boyd Gaming in the Hoosier State will extend an existing partnership between the two gambling brands.
FanDuel Indiana sports betting land-based components
Boyd Gaming operates Belterra Casino Resort in Florence along with Blue Chip Casino, Hotel & Spa in Michigan City. Boyd also runs Valley Forge Casino Resort in King of Prussia, Pennsylvania.
When Valley Forge opened its sportsbook, it did so in conjunction with FanDuel. The same will occur at both Belterra and Blue Chip.
A statement from FanDuel relayed its excitement about entering the market for sports betting in Indiana.
“We have had great success partnering with Boyd Gaming already with the FanDuel Sportsbook at Valley Forge Casino Resort in Pennsylvania, and we are optimistic we’ll see similar results at our new locations in Indiana. We are applying for retail and online licenses.”
Why the Boyd-FanDuel partnership is a win for both
Boyd is experienced and successful in running a casino and the hospitality industry, but in terms of operating a sportsbook, FanDuel has much more experience. This relationship allows both parties to take advantage of the expertise of the other.
Creating a successful land-based sportsbook experience requires success in several facets of the operation. Not only must the odds offered be competitive and reflect the latest updates on games, but it’s essential for the space to be accommodating to guests, as well.
Co-branding the new sportsbook with FanDuel affords Boyd a degree of confidence and familiarity for bettors. For FanDuel, teaming up with Boyd allows it to maximize its potential share of the market in the Hoosier State.
What bettors can expect from the new sportsbooks
Aesthetically, the spaces at Belterra and Blue Chip will likely resemble the space at Valley Forge. While allowances will be made to keep with the overall atmosphere of each facility, it is safe to say features like dozens of betting windows and televisions along with a bar will be included.
Indiana’s sports betting law is as friendly to different types of bets as Pennsylvania’s, so bettors should expect to be able to place their wagers of all types on all major college and professional sports.
If Belterra and Blue Chip can match the success Valley Forge has had with FanDuel in Pennsylvania, it will be great for the bottom line.
Valley Forge saw a bump in revenue from its sportsbook
According to the PA Gaming Control Board, Valley Forge has taken in over $1 million in gross revenue from FanDuel sportsbook. The real win for Valley Forge is whether revenue in the more lucrative slot and table games has increased.
In January and February of this year, Valley Forge slot revenue didn’t eclipse the $8 million mark. Since opening the FanDuel sportsbook, slot revenue hasn’t fallen below that mark.
For Valley Forge’s table games, revenue in three of the four months since opening FanDuel Sportsbook has outperformed the previous two months.
It’s good news for Indiana that FanDuel sportsbook is coming. Boyd is hoping to bring the same success it has had in Pennsylvania to the Hoosier State.