Indiana Sports Betting

Indiana sports betting is now legal and IN online sports betting will also be coming to the Hoosier State.

Casino
Rating
Bonus
Code
Play
4.50 / 5
$500 Free
App Store Badge
Google Play Badge
CLICK TO CLAIM

Indiana Sports Betting Passes, Second State To Do So In 2019

Indiana sports betting is finally legal after the bill to allow sports betting in the state of Indiana was officially signed into law by Governor Eric Holcomb. Indiana has become the 10th state to offer legalized sports betting and is expected to officially open its doors as early as September 2019 under the Indiana Gaming Commission by way of two new casinos currently under construction.

Holcomb confirms that sports betting would create 11,000 jobs for people of Indiana. The tax rate will be at 9.5 percent for gross revenue and projections show IN sports betting could lead to $12 million in revenue per year.

In addition to land-based wagering, Indiana sports betting will be offered on mobile devices. Indiana Senators worked to have online betting language re-inserted into the legislation. The House Committee bill been removed of all language permitting Indiana online sports betting, but that was later changed and now Indiana online sports betting will be available to those in the state.

Indiana sports betting operators are expected to pay an initial application fee of $100,000 and a $50,000 licensing fee per year. Betting services providers are will be paying $10,000 as an operator vender. The state will also make $20 million extra as a fee being paid by Spectacle Entertainment, which owns two Gary, Indiana-based boat casinos.

Indiana Online Sports Betting Could Be A Hit

With the NFL  and NCAA football seasons coinciding with the launch, Indiana sports betting could see immediate dividends. States with legal sports betting have certainly seen what NFL and NCAA season can do for state revenue on weekends in the fall and winter months.

NJ sports betting online launched during the Summer of 2018, in time to cover an entire NFL football season, and there is no doubt it had plenty to do with the industry seeing $1 billion in handle after just a few months. In total, NJ sports betting has generated $260 million in online handle year-to-date through March 2019, which has translated to almost $53 million in revenue.  

The future is bright for Indiana sports betting.

This web page is purely for entertainment purposes only, and may contain paid advertisements for online casinos, poker sites, and sportsbooks (including DraftKings, Fan Duel, and others.) When you play online or in person at casinos, you are always at risk to lose the money that you are wagering, and Bonus Seeker makes no claim or guarantee that you will win money. When gambling at a casino, only risk what you can comfortably afford to lose. You must be 21 years or older, and a US citizen to register at online casinos in New Jersey and other states in the US. Whilst we try to ensure that this information is correct, we do not warrant its accuracy or completeness. The information provided does not constitute advice and is intended only to provide general information. Bonus Seeker and its partners will not be responsible for any errors or omissions and we will not have any liability or responsibility for any loss that arises from any reliance placed on information obtained from this article including, but not limited to, the comments submitted by third parties. If you should require any advice for gambling-related problems, please CALL 1-800-GAMBLER.

© Copyright 2019 - All Rights Reserved. Privacy Policy