Tag: Indiana sports betting
Indiana Sports Betting Continues to Explode
Indiana sports betting has been kicking ass with as another record month of revenue in October. Sports books in the state measured $230 million last month, according to data from the Gaming Commission. Even in the face of the pandemic there were new highs in revenue and handle as colleges and professional teams played a more normal sports schedule. The previous one-month high was $207 million in September. Analysts say the October handle is up more than 150% from October 2019’s level of $92 million. The month’s revenue yielded $2 million in taxes in October. Online betting accounted for 84%…
Indiana Sports Betting Starts Today
Just in time for the NFL season, Indiana sports betting is up and running! Three sites within the state have been approved for emergency rules that will allow them to offer sports betting on September 1st, with two additional casinos following next week. Sara Gonso Tait, executive director of the commission, told members that her staff has been working hard since to develop the emergency rules that will allow Indiana to join the ranks of states allowing sports wagering. “In order to capture the black market, we have to have a competitive regulatory market,” she said, according to The Statehouse…
Indiana Sports Betting Launch Possibly Delayed
Hoosiers may have wait a little longer than expected for the Indiana sports betting launch. Gaming Commission Executive Director Sara Gonso Tait said last week that state regulators might not be ready by September 1st to allow sports betting, even though a law approved earlier this year makes it legal beginning on that date. Tait said commission members are aiming to have everything in place to start on time but can make no promises. Indiana residents will be able to place bets by using their smartphones or at a casino, horse racing casino or an off-track betting facility, such as…
Governor Legalizes Indiana Sports Betting
Indiana sports betting will become legal under a bill signed by the governor this week. That bill also approves the construction of two new land based casinos in the state. Republican Eric Holcomb signed off on the legislation in the final hours left to act, after lawmakers reached a deal just before the close of this year’s state legislative session. So far 2019 has been good for sports betting reform, as Indiana joins Montana and Tennessee in moving to legalize the activity. Six other states moved quickly last year following a U.S. Supreme Court decision opened the door for regulation….
Another Hope for Mobile Indiana Sports Betting
After disagreement over the possibility of remote gambling, mobile Indiana sports betting is looking more and more like a real possibility. The state conference committee is reinserting provisions for the apps into the bill as it approaches the finish line. Disagreements across chambers primarily involved non-sports aspects of the bill concerning adjustments to casino licenses and location. As expected, most of Monday’s hearing orbited around those provisions. Mobile was one of the few sticking points within the sports betting language. The Senate bill authorized statewide mobile wagering as passed, but narrow opposition in the House nearly killed the bill entirely….