Caesars branches out into Indiana’s sports gambling scene, Virginia could be next
By Bob Garcia
The casino giant is looking to make it big with expanded sports gambling operations
Caesars Entertainment is perhaps one of the most iconic casino brands in Las Vegas due to its world-renowned location on the Strip. Amid the coronavirus crisis, one of the biggest gambling facilities is seeking to expand into other states and, so far, the brand has an online sportsbook in its home state, and in New Jersey and Pennsylvania, and another one has now been announced for Indiana. With this new addition, Caesars has a presence in the four states with the largest gambling revenue in the US since the PASPA act was revoked two years ago.
Caesars is now ready to launch an online sportsbook through the Horseshoe Hammond casino. It is powered by Scientific Games, and follows a year after talk about a physical sportsbook at the venue began. FanDuel and DraftKings are already live in the state with their own online sportsbooks, but Caesars is ready to give them a run for the money.
But Caesars’ plan to expand is not stopping there. According to what Virginia Business reported, this past Monday, Caesars won a bid to acquire rights to be the official sportsbook operator for a casino located in Danville. This city is located towards the southern border of the state, so it is much closer to Raleigh, North Carolina than it is to Richmond, VA.
Virginia legalized sports betting just a month ago. This new bill includes online and in-person betting, which is a great opportunity for the state to collect more revenue. States like New Jersey that have embraced online betting are reporting much better results than those in New York, Michigan, or Illinois that only legalized in-person betting.
Virginia hasn’t started yet its sports operations, yet. The regulatory agency is still working on creating the regulations, which should be done by September 15. There is still one step pending for Caesars to take over the sportsbook service in Danville casino – voters will decide on it in the November elections.