Pat McAfee lands reported $30M-per-year media deal from FanDuel
Indianapolis-based “The Pat McAfee Show” and online gambling giant FanDuel have agreed to terms on a massive new four-year sponsorship deal, according to media reports.
Indianapolis-based “The Pat McAfee Show” and online gambling giant FanDuel have agreed to terms on a massive new four-year sponsorship deal, according to media reports.
Bill Miller, president of the American Gaming Association—the gambling industry’s national trade association—called the current level of sports betting ads “an unsustainable arms race.”
The company plans a 38,000-square-foot expansion at Hoosier Park that will result in 100 more slot machines, along with restaurant and bar space and a new drive-through area for valet parking.
Gaming Commission executive director Greg Small said the agency hoped to select a company for the Terre Haute license by the end of this year.
As part of the deal, the West Club at the stadium will be renamed the WynnBet Club—a 21-and-up sports bar on the club level.
The Caesars Sportsbook Lounge replaces the former Blue Room as a place in Lucas Oil Stadium where patrons 21 years and older can go to see games in progress on TVs and view live odds while they place bets from their phones.
The boost in revenue will result in the lottery sending a record $375 million in profits to the state—up about $71 million, or 23%, from the year before.
Hard Rock International is assuming at least 85% ownership of a northwestern Indiana casino from an Indianapolis-based ownership group whose top executives have faced criminal and financial misconduct allegations.
Only four states, Nevada, Mississippi, New Jersey and Pennsylvania, took in more gambling revenue than Indiana during the first half of the year.
The Colts FanDuel Pass includes tickets to four preselected regular season home games, along with $25 per game in gaming credit for FanDuel’s sports book app.
The Indiana Gaming Commission voted Thursday not to renew Lucy Luck’s license for a planned casino in Terre Haute after it failed to complete financing for the project.
The casino’s groundbreaking could happen in late June or early July, with an opening by fall 2022, Hard Rock International executive Jon Lucas told the Indiana Gaming Commission on Tuesday.
Officials told the State Lottery Commission this past week that they projected that scratch-off ticket sales would be up almost 27% for the fiscal year ending June 30 compared with a year ago.
The Eastern Band of Cherokee Indians is expecting state regulators to approve its ownership of the casino later this year.
The Hard Rock Casino Northern Indiana’s opening was snarled by a state investigation into allegations of financial wrongdoings by the casino developer’s former top executive.
Teams are trying to earn indirect revenue from mobile sports betting, carving out areas in their facilities that cater to fans who want to follow their bets while taking in a game downtown.
The complaint argues the Indiana Gaming Commission is not permitted to require investors to acquire a Level 1 occupational gambling license, which requires the collection of extensive financial and personal information that would not necessarily be kept confidential.
The 20-year agreement prevents state officials from allowing new casino competition across most of northern and northwestern Indiana, including no future moves by the existing casinos in Hammond, East Chicago, Gary and Michigan City.
Senate Bill 245 would double the prize limits for certain pull-tab games and allow the 1,242 bars and taverns with Type II gaming licenses to offer sports-themed pull-tab games and tip boards.
Casino giant Caesars Entertainment Inc., which operates multiple properties in Indiana, is suing a long list of insurance carriers it accuses of balking at paying its business interruption costs.