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Indiana Issues 12 Betting Permits

Twelve temporary sports betting permits were issued to casinos and off-track betting facilities in Indiana by the Indiana Gaming Commission. These temporary permits allow for these gambling facilities to launch sports betting while the Commission still considers their applications for a full license.

Retail sports betting is expected to launch in Indiana on Sept. 1. This will give Indiana bettors a chance to start betting in time for the start of the upcoming NFL season. NFL is king when it comes to sports betting, so sportsbooks all around the country are targeting launches prior to kickoff of the 2019 NFL season.

New York, Pennsylvania, and Iowa all are joining Indiana in a desire to launch by September. Pennsylvania already has three sportsbooks operating in the state, but the biggest operator in the state, FanDuel, is still not up and running online just yet.

Mobile sports betting is legal in Indiana as well. However, moile is not expected to launch on Sept. 1. Instead, Indiana residents can expect mobile to launch sometime later in the year, assuming everything goes as planned.

Sports betting is legal in Indiana thanks to House Enrolled Act 1015. Regulations for sports betting in the state still don’t have final approval. A meeting is scheduled for Aug. 28, when the Indiana Gaming Commission is expected to set and approve regulations. Assuming these regulations don’t change, bettors will be able to bet at betting windows or betting kiosks throughout each gambling facility.

Where To Bet

The sportsbook at the Blue Chip Casino in Michigan City will be home to FanDuel Sportsbook thanks to the partnership between FanDuel and Boyd Gaming (owner of Blue Chip). Other major properties to be granted temporary permits include:

* Ameristar Casino East Chicago

* Belterra Casino Resort

* Caesars Riverboat Casino

* French Lick Resort

* Harrah’s Hoosier Park

* Hollywood Casino

* Horseshoe Hammond

* Indiana Grand Racing & Casino

The remaining permits were issued to off-track betting facilities located in Clarksville, Indianapolis, and New Haven.

First In The Area

Indiana stands to benefit from their quick turnaround to launch sports betting so quickly after legalization. Neighboring Illinois has also legalized sports betting this year, but they aren’t expected to be operational by the start of the 2019 NFL season. Illinois still needs to get regulations put into place before any further steps can be taken, which makes it highly unlikely that sports betting will launch in Illinois before 2020. Indiana has the opportunity to attract a lot of NFL and NCAA football betting revenue from Illinois.

Michigan, Ohio, and Kentucky also border Indiana and could help add to the Hoosier State’s sports betting revenue. None of the three have legalized sports betting yet, but all are taking steps towards legalization, with Michigan and Ohio acting a little more aggressively than Kentucky.

Indiana has some of the lowest tax rates and licensing fees in the country. Gross revenue on sports betting will be taxed at 9.5 percent with licensing fees costing $100,000. Operators in Pennsylvania are no doubt envious as they had to pay $10 million in licensing fees as well as taxes totaling near 40 percent of gross revenue.

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