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NEWS 19 August 2019

Penn National to launch Indiana sportsbook

By Owain Flanders

Penn National Gaming will launch a new sportsbook at Ameristar Casino East Chicago on 1 September, in its latest move to expand within the US sports betting market.

The sportsbook will include sports betting kiosks and ticket writer stations, along with a betting counter and large odds board.

Timothy J Wilmott, Penn National CEO, said: “Indiana will soon become the 12th state to legalise sports betting following the repeal of the federal ban last year, and our patrons in Northwest Indiana can expect an incredible sports wagering experience at our facility.”

The sportsbook will launch four days before the NFL season begins on the first day permitted under Indiana’s new law, although Penn National has said the launch date is subject to any required regulatory approvals.

To facilitate the drive for a 1 September launch, the state released a draft of emergency regulations for operations last month.

The regulations reassert the details of the legislation passed in May, along with further additions, including a tax rate of 9.5% of adjusted gross revenue and an initial fee of $100,000 for a vendor license.

Penn National opened sportsbooks in its five Mississippi casinos last year and recently reported a 61% year-on-year increase in revenue to $1.32bn for Q2 2019.

RELATED TAGS: Casino | Sports Betting
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