High hopes
This month, Indiana joined a very select group of US states by topping $10bn in lifetime sports betting handle. Now, if new legislation gets approval next year, it could soon add online casino gambling – a market that some believe could generate $1bn in annual revenue for the state.
co-authors Senator Jon Ford and State Representative Ethan Manning
A key element to the fresh bill is the inclusion of the Hoosier Lottery, the state’s lottery arm that tried to migrate its games online earlier this year only for Indiana lawmakers to nix the plans. Bill co-authors Senator Jon Ford and State Representative Ethan Manning are hoping the inclusion will give the proposed legislation a better chance of success than their failed 2022 bill.
The duo have finally finished drafting their latest online casino bill which lawmakers will have their chance to mull when the legislative session gets underway in January. Should the bill pass, games like online poker and blackjack could be legal in Indiana by September 1, 2023.
All-inclusive bill
The new bill will permit the state’s 11 casinos and racinos, which includes one tribal property, to offer online casino games. If the legislation passes, the gambling facilities will get to partner with up to three different iGaming brands. The Hoosier Lottery will then also be able to offer online versions of its games.
Casinos will pony up $500,000 for their initial license, which would then cost $50,000 per year to renew. The bill sets an 18% tax on revenue for the online casino vertical, with 3.33% of this earmarked for the state’s Addiction Services Fund.
While Ford and Manning’s bill still needs to surmount an inevitable mountain of debate in Indiana’s legislature, gambling expansion supporters are hopeful 2023 is going to be the year Indiana rolls out online casino.
Indiana joins $10bn club
Indiana was one of the early adopters of legal mobile sports betting after the repeal of the Professional and Amateur Sports Protection Act in 2018. Governor Eric Holcomb gave the thumbs up to betting in May 2019.
$452.3m in sports wagers for November
Now, Indiana has taken its place among the US’s most bet-thirsty states by clearing the $10bn barrier for lifetime handle. It reported $452.3m in sports wagers for November. Indiana joins New York, New Jersey, Illinois, Pennsylvania, and Nevada as the only US states to reach the $10bn all-time handle mark.
