By Matthew Enderby

GAN has announced the expansion of its deal with FanDuel to provide the operator with sports betting services in Indiana.

FanDuel has taken its first sports wagers in Indiana after both parties received all necessary regulatory consent, with DraftKings already present in the state.

The state legalised sports betting on 8 May and launched the vertical online on 3 October.

FanDuel and GAN’s partnership already includes Pennsylvania and New Jersey, where the pair have worked together since July 2019 and 2013, respectively.

GAN’s share price reached a six-month high of £1.30 ($1.70) following the announcement of the latest expansion.

Dermot Smurfit, GAN CEO, said: "Rapid deployment into the state of Indiana is a logical extension of our relationship to best support FanDuel in capturing early market share of internet sports betting in Indiana."

The state saw $35m handle in sports betting in its first revenue report since the market regulated.

After launching on 1 September, the state generated revenue of $8.6m for the month.


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