Sports Gambling Law In Indiana
INDIANAPOLIS (AP) — Indiana legislators have approved a wide-ranging gambling bill that legalizes sports betting in the state and allows new casinos in Terre Haute and Gary.
The House and Senate both voted Wednesday to support the proposal hours after a final agreement was reached adding payments to Evansville and three northwestern Indiana cities that are expecting tax revenue hits from the new casinos competing with those in their communities.
Sports Gambling Law In Indianapolis
A proposed $40 million tax credit to the new owner of the current Gary casinos was dropped, but negotiators say tax changes could save Spectacle Entertainment a similar amount over five years.
Sports Gambling Illegal In Indiana
The wait is over. Indiana has become the 10th state to legalize sports betting. On Wednesday, the Indiana sports betting legislation became law after Gov. Eric Holcomb signed the measure. “Gaming is a highly regulated industry that once had little competition, but now does from surrounding states and new technology,” he said in a statement. Under the Indiana sports betting law, casinos licensed for retail sports betting can kick things off in September. The NFL regular season is slated to start on Sept. Indiana Sports Betting Timeline With the Professional and Amateur Sports Protection Act (PASPA) no longer a barrier to entry, Indiana became the tenth US state to regulate sports betting. Although it took slightly longer than the likes of New Jersey and Nevada, Hoosier country is now a hotbed for regulated bookmakers. After the Indiana General Assembly passed House Bill 1015 to legalize and regulate sports gambling, Indiana Governor Eric Holcomb signed the proposed bill into law on May 8, 2019. ii Shortly after, on September 1, 2019, Indiana went “live” with sportsbooks open to patrons at casinos, riverboats, and “racinos” all around the State.
The bill would also legalize sports betting in the state possibly starting as early as this fall if it is signed into law by the governor. The horse track casinos in Anderson and Shelbyville will be allowed to have table games with live dealers starting Jan. 1, 2020. That's 18 months earlier than allowed under current law.