Australian gambling firm PointsBet officially entered its third US market this week. On Monday, the Gaming Commission of the state of Indiana (IGC) announced that the company had been granted a temporary vendor license.
Hoosier State to get PointsBet offers
After receiving the license approval, PointsBet can finally bring its sports betting offering to the state. However, it appears that the company is not in a hurry to launch in the state. According to PointsBet’s director of communications, Patrick Eichner, they haven’t decided on a timeline for rolling out their services. He noted that Indiana would present new opportunities for the company and they are excited to increase their US footprint. He indicated that the Midwest state would get a premium product for sports wagering.
The firm is already active in the mecca of sports betting- New Jersey, where a thriving multi-million gambling market has already taken shape. It has operations in Iowa as well, where it recently opened its first American retail sportsbook. Apart from Indiana, it will also set operations in the states of Michigan, Illinois, and Colorado.
What should Indiana expect?
Sports betting lovers in Indiana may see a PointsBet skin affiliated with Lawrenceburg’s Hollywood Casino. The company signed a 20-year contract with Penn National Gaming in July 2019, which will allow it to run its sportsbooks in the states of Ohio, West Virginia, Missouri, Louisiana, and Indiana. Penn Interactive Gaming, a subsidiary of Penn National Gaming, acquired a 5.3% stake in the company as part of the deal. It will give the gambling firm an edge over its competitors in Ohio, Missouri, and Louisiana, where sports betting is yet to be legalized.
PointsBet now has a one-year experience working in the US market, as it has been working in New Jersey since December 2018. The company’s Karma Committee is popular amongst users as it allows the review for bad beats and provides credits and refunds to the users. It also offers the PointsBetting system where the losing wagers’ payouts are made exponentially. It also allows users to set limits for losses.
Roar Digital, which operates BetIndiana and BetMGM, also received a temporary license from the Gaming Commission earlier this month. It will operate a skin with Spectacle Entertainment.