Indiana Sports Betting Bill

Legalized sports betting in Indiana took another big step on Tuesday when the House Ways and Means Committee advances the bill (S 552) by a vote of 17-6. The bill will now head to the House floor, making it possible that the Hoosier State could become the next state with legalized sports wagering.

A similar bill was passed in the Senate back in February.

Tuesday’s hearing was centered around a number of amendments. Some of the most notable ones were filed by Representative Todd Huston (District 17), which include:

  • Moving the launch date to September 1, 2019, instead of July 1, 2019.
  • Established a tax rate of 9.5% on revenue.
  • Reduces the license fee to $10,000, as opposed to $100,000.
  • Allocates 3.3% of adjusted revenue to problem gambling.

It took nearly two hours, but the group advanced the amended sports betting bill with a favorable recommendation.

Huston believes that Indiana sports betting could bring in $12 million a year in revenue for the state.

The bill now heads to the House floor. If passed in full, any changes would need to go back to the upper chamber for concurrence. After that, the bill would then head to the governor’s desk.

One major issue that has been going on in Indiana is the lack of mobile wagering. Mobile wagering was taken out of the bill by Public Policy Committee Chairman Ben Smaltz. However, Senator Jon Ford told Legal Sports Report that the effort to get online wagering back in the bill will occur on the House floor, or more likely in conference committee, if the bill passes.

The session ends on April 29, so we will know in the next few weeks what exactly will be happening in Indiana this year in regards to if sports betting will be legalized this year, and what platforms will be available.

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