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Indiana Turns Its Attention To Online Casino After Sports Betting Success By Steve Ruddock Published August 31, 2020 September 2, 2020 Updated September 2, 2020 Don’t look now, but Indiana is suddenly a serious contender to become a legal online casino state.
Three bills for three states
Lawmakers in Indiana, Oregon, and Illinois have backed bills in their respective states which, if passed, would alter gambling legislation in the regions.
In Indiana, Senator Jon Ford introduced Senate Bill 417 this week with the aim of legalizing online casino betting. If made law, the measure would permit casinos and racinos to offer online casino games and online poker in the Hoosier State.
proposed legislation would legalize statewide retail and online sports betting in the Beaver State
Meanwhile, Oregon Governor Kate Brown pre-filed HB 2127 on January 11. The proposed legislation would legalize statewide retail and online sports betting in the Beaver State, appointing the Oregon Racing Commission as the market’s regulator.
Indiana has more than 12 casinos that could, as a result of the agreed-upon sports betting legislation and regulations, have up to three online sportsbook skins each. Add in racinos and off-track betting parlors, and there’s a candy counter of Indiana sports betting promo offers forthcoming. Online Sports Betting Right now, there are 10 active online sportsbooks in Indiana. The Hoosier State is home to DraftKings, FanDuel, BetRivers, BetAmerica, BetMGM, PointsBet, Caesars, Unibet, theScore Bet, and William Hill, which is the latest addition. These sites give Indiana players the ability to wager on single contests or parlays. Jan 29, 2021 Sports betting in Indiana has taken the Hoosier State by storm. The state is established as a regional hub for sports bettors across the Midwest and those making the short journey from Chicagoland or Cincinnati. 21 is the legal sports betting age in Indiana and both retail and online sports betting are allowed in the Hoosier State.
Finally, Illinois lawmaker Mike Zalewski is aiming to legalize sports wagering on state collegiate events. The state representative filed HB 5876 on January 9, which would amend Illinois’s Sports Wagering Act of 2019.
Senator paves way for Indiana online casino
Indiana has boasted an online sports betting market since October 2019. However, the state took its first steps towards legalizing online casino wagering only this week.
On Monday, Senator Jon Ford introduced a new bill which would allow the state’s 14 casinos and racinos to apply for an online casino license. The operations would then be able to offer both online casino and poker gambling.
legislation would permit land-based properties three skins with online casino operators
Casinos would pay an initial fee of $500,000 for an online casino license, which would be renewable each year for a fee of $50,000. The legislation would permit land-based properties three skins with online casino operators. William Hill, Caesars Entertainment, and 888 Holdings already have partnerships with Indiana casinos for mobile sports wagering, among others.
The Senate Public Policy Committee will discuss Ford’s online casino legislation later this month. A legal online casino market could generate $65m to $80m in Indiana tax revenue per year, according to the senator.
Oregon shoots for competitive sports betting
Since launching its Scoreboard mobile app in October 2019, the Oregon Lottery has held a monopoly over the state’s online sports wagering market. Meanwhile, in-person wagering is only available via two tribal casinos. Gov. Kate Brown’s pre-filing of new sports betting legislation on Monday attempts to open up the current market.
In addition to appointing the Oregon Racing Commission as regulator, HB 2127 would set an annual license fee of $50,000. There would be no limit for the number of online or retail sports wagering licenses that can be granted. The bill would also require licensees to use official league data to grade in-play wagers, and would lower the legal age for betting from 21 to 18 years.
Legislators will discuss HB 2127 during the state’s legislative session from January 19 to June 30. If passed, the bill outlines plans for a January 1, 2022 launch.
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Illinois seeks to broaden options
Bill HB 5876, introduced by Illinois state lawmaker Mike Zalewski on Saturday, looks to amend legislation which legalized retail and online sports betting in 2019. If approved, the new bill would also legalize betting on collegiate sporting events, which is prohibited under current law.
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new bill would also legalize betting on collegiate sporting events, which is prohibited
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Illinois lawmakers will discuss the bill during legislative sessions from January 14 to March 16, and it is likely that they could pass the bill before March Madness. However, if Zalewski does not get approval before the 102nd General Assembly’s swearing in, he will need to re-file the legislation. Both the House and Senate must approve the bill before it can become law.