Indiana Sports Betting | SportsBettingInIndiana.com https://www.sportsbettinginindiana.com Just another WordPress site Mon, 14 Dec 2020 17:35:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.7 https://www.sportsbettinginindiana.com/wp-content/uploads/2020/11/favicon-1.png Indiana Sports Betting | SportsBettingInIndiana.com https://www.sportsbettinginindiana.com 32 32 Legalized Sports Betting Nearly At Finish Line In Indiana https://www.sportsbettinginindiana.com/legalized-sports-betting-nearly-at-finish-line-in-in.html https://www.sportsbettinginindiana.com/legalized-sports-betting-nearly-at-finish-line-in-in.html#respond Mon, 14 Dec 2020 17:35:56 +0000 https://www.sportsbettinginindiana.com/?p=401 INDIANAPOLIS – Legal sports wagering is nearly a reality in Indiana as the State Senate passed a sports betting bill on Tuesday. Indiana’s Senate voted on IN SB 552 on Tuesday and it passed with a 38-11 vote. Thanks to that, the bill is now being moved to the House where they will soon cast their vote ... Read more

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INDIANAPOLIS – Legal sports wagering is nearly a reality in Indiana as the State Senate passed a sports betting bill on Tuesday.

Indiana’s Senate voted on IN SB 552 on Tuesday and it passed with a 38-11 vote. Thanks to that, the bill is now being moved to the House where they will soon cast their vote on the bill. The main two sponsors of the bill are senators Mark Messmer and Jon Ford.

“Senate Bill 552 is a once in a generation opportunity to reset the casino industry in Indiana,” Messmer said.

Unrestricted Mobile Sports Betting

The bill carefully lays out what will and will not be allowed in regards to sports betting in Indiana. One of the main points that the bill says is that mobile sports betting will be included when this bill passes. The legislation states that people who wish to use their mobile device to bet on sports can either go to a facility to register in-person, or they just use their smartphone to register their account without having to go anywhere.

This is important it will have a huge effect on how much revenue the state will receive from sports wagering. New Jersey is one of the few states that currently have mobile wagering. It is also one of the few states that allow you to use your mobile device to place your bets without having to be in a gaming facility.

Thanks to mobile wagering, handle that New Jersey has received on sports bets is much higher compared to other states. A report from the New Jersey Division of Gaming Enforcement showed that 80 percent of the taxable money received from sports betting came from mobile wagering. This is good news for Indiana because the bill is planning to take the same path that New Jersey took for mobile wagering.

Esports Are Off The Books

IN SB 552 also has some rules in place on what you can and cannot bet on. The bill does not allow for bettors to wager on amateur games or eSports. Lawmakers also reserve the right to restrict other kinds of bets. An example of this is the state can ban bookmakers from having odds on Major League Baseball Spring Training games. There are also no integrity fees for sports leagues.

Now that the bill has passed, it will move on to the House to be voted on. There could be some trouble because House Speaker Brian Bosma has said that he sees the measure as an expansion of gambling. It could be possible that he could stop the bill from receiving a vote or the legislation will have to go to a statewide ballot. If neither happens, sportsbooks will soon open in Indiana.

The post Legalized Sports Betting Nearly At Finish Line In Indiana first appeared on SportsBettingInIndiana.com.]]> https://www.sportsbettinginindiana.com/legalized-sports-betting-nearly-at-finish-line-in-in.html/feed 0 Mobile Betting Back In Indiana Sports Betting Bill https://www.sportsbettinginindiana.com/mobile-betting-back-in-sports-betting-bill.html https://www.sportsbettinginindiana.com/mobile-betting-back-in-sports-betting-bill.html#respond Tue, 23 Apr 2019 17:21:35 +0000 https://www.sportsbettinginindiana.com/?p=385 Mobile sports wagering back in IN SB 552. The finer details of the bill seem to have been worked out. Sportsbooks expected to open before football season. INDIANAPOLIS – Mobile sports betting was put back into a sports betting bill on Monday in Indiana. The State House came together on Monday to propose one last ... Read more

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  • Mobile sports wagering back in IN SB 552.
  • The finer details of the bill seem to have been worked out.
  • Sportsbooks expected to open before football season.

INDIANAPOLIS – Mobile sports betting was put back into a sports betting bill on Monday in Indiana.

The State House came together on Monday to propose one last round of amendments to IN SB 552. This allowed for mobile sports betting to have another chance in Indiana.

The Life Of Mobile Wagering

IN SB 552 originally started with mobile sports betting. The original bill went through the Senate without too many issues, and it passed with mobile sports betting intact. Once the bill moved toward the House, issues began to arise.

House Public Policy Committee Chairman Ben Smaltz almost killed the bill in its entirety. One of the main reasons is that he questioned the size of the black market for sports betting. Another is that he believed that someone who didn’t register for a sports betting account could end up using their friend's account, leading to underage gambling. The Committee ultimately amended the bill and removed mobile sports betting.

That has now changed thanks to new amendments. A conference was held between the chambers of Congress and mobile sports betting is back in the bill. If the bill were to pass as it is right now, mobile sports betting would be allowed to occur statewide in Indiana.

Other Sports Betting Details Hammered Out

Mobile sports betting isn’t the only detail that got finalized. The sports betting bill has also determined that there will be a 9.5 percent tax on sports betting revenue. Some of that money generated from sports betting will go into gambling addiction programs.

Not everything is going to be determined by the bill. Some rules and regulations will be decided by the Indiana Gaming Commission. In-play sports betting is also coming to Indiana as well. The details about how in-play betting will work will be determined by the Gaming Commission. But, IN SB 552 does seem like it will require for them to use official league data.

One Extra Hurdle To Clear

Indiana has a certain rule when it comes to changing state revenue. Since state revenue will be affected by sports betting, the House must approve of some provisions on their own. The House must pass IN HB 1015 which is a vehicle bill for these provisions.

Lawmakers are not expecting this to take very long though. The legislative session ends next week, but lawmakers are expecting to adjourn this Wednesday. These bills are expected to pass before lawmakers go to recess for this legislative session. Sportsbooks are expected to open before football season this year with sports betting in Indiana.

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