Indiana has become the latest US state to legalise sports betting after Governor Eric Holcomb signed off on House Bill 1015. It brings the total number of states with legal wagering to ten.
Approved by both the House and Senate last month, HB1015 allows betting both in-person at licensed state casinos, racinos and off-track betting shops, as well as on mobile from anywhere inside Indiana’s borders.
HB1015 includes a tax rate of 9.5%, while licences will cost an initial $100,000. Applications for them can be submitted starting on July 1st, and state officials hope actual betting (the land-based at least) will get underway on September 1 through the issuing of temporary certificates.
Betting will be permitted across a range of professional and collegiate sports event. Consumers must be at least 21 to bet on sports, but wagers on esports or amateur athletic contests featuring competitors under the age of 18 are prohibited.
“By modernising our laws, this legislation will spur positive economic growth for our state and for an industry that employs over 11,000 Hoosiers. “Additionally, it will bring in new revenue and create hundreds of new jobs – both permanent and in construction,” explained Governor Eric Holcomb.
Holcomb also hinted that more changesFollow us on