Indiana legislators give the green light to sports betting

Indiana is the latest state to give the go ahead to sports betting legalisation, following the approval of House Bill 1015 this week. In addition to sports betting becoming legal, state legislators have also sanctioned the introduction of two brand new casinos.  
According to the Associated Press, Indiana Governor Eric Holcomb’s signature on the bill could facilitate sports betting in the state by September. In what is a huge step forward in the development of online gambling and affiliate marketing in the across the state, punters will be permitted to place bets at casinos or on a mobile device across the state.
Quoted by AP, Holcomb said: “Gaming is a highly regulated industry that once had little competition, but now does from surrounding states and new technology. By modernising our laws, this legislation will spur positive economic growth for our state and for an industry that employs over 11,000 Hoosiers.”
He continued: “Additionally, it will bring in new revenue and create hundreds of new jobs, both permanent and in construction. I will direct the Indiana Gaming Commission to monitor for potential effects of this bill so that we can make the necessary changes in future legislative sessions.”
Betting on college sports in the state has, however, been vetoed by Holcomb. The tax level for sports betting in Indiana has been set at 9.5 per cent which, it is hoped, will bring an extra $12m into the state’s coffers each year.
With regards to the proposed casino developments, there are plans for two racecourse venues to be built near Indianapolis for launch by early 2020.

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