Indiana lawmakers are hurrying to get sports betting up and running in-state, and in time for the NFL season in September.
Indiana governor Eric Holcomb only signed sports betting into law in May – which prescribed that sports betting could start no earlier than 1 September. However, with most states taking closer to a year to formulate the licensing framework and certification, three months is a tall order.
A neat tax rate of 9.5 percent has been agreed, as were licence fees of $100,000 – but beyond that the state launched draft regulations and a consultation process where stakeholders and the public and invited to comment on the finer details.
To get the ball rolling in the meantime however, the Indiana Gaming Commission has fast-tracked 12 temporary betting licences to the embedded gambling interests – so they can start taking bets whether they ultimately agree with the end regime or not.
Penn National’s Ameristar Casino East Chicago, Boyd Gaming’s Belterra Casino Resort and Blue Chip Casino and four Caesars Entertainment casinos – have all been given the green light to launch betting next month..
Mobile regulations are currently not in the draft however, but could be adopted later on.
Another point of contention was where bets could be taken, specifically on-site betting. The regulator is said to be leaning towards a ban on sports-books where games are played – even online, which could be facilitated through geo-location technology.
Regulations aside, all sports-books will have to complete testing before anyone can bet on the NFL’s first match.