The Hoosier State finally got sports betting since Governor Eric Holcomb has signed the H 1015 bill on the 8th of May 2019. Holcomb said in an interview that gaming is more competitive than ever due to new technology and the surrounding states. He also shared that the industry employs over 11,000 Hoosiers and that modernising the laws could only ensure positive growth for the country.
WNDU also indicated that sports betting would soon make its debut in Notre Dame, this could be as early as the football season in 2019. On the 2nd of November, the Fighting Irish will travel to Louisville to face the University of Louisville Cardinals. The first Midwest state to finally legalise sports betting is Indiana, although other neighbouring countries such as Iowa, Illinois and Michigan continue their efforts. The new law also includes the legalisation of retail sportsbooks and online sports betting.
The New Sports Betting Law in Indiana
The sports betting law in Indiana include the data restrictions and limits on in-play wagering that for now will be left to the Indiana Gaming Commission’s discretion. The fee for a vendor license is set at $10,000, and the renewal fee is $50,000 per annum. No under 18 is allowed to bet on amateur or esports athletes, and the tax rate is set at 9.5% on the adjusted gross revenue, of which a portion is set aside for problem gambling, while state-wide mobile wagering is legal.
How Soon Can Residents of Indiana Start Betting
The bill was only signed a week ago, and by considering this, it might take another few months to get everything in place and set up. Sports betting will start on the 1st of November in Indiana, which is one day before the first game of the season in Notre Dame.
Casinos will need to pass the application process, test betting and still construct physical sportsbook plus there are still a few requirements to meet. Applications will be accepted from the 1st of July by the Indian Gaming Commission.
Thirteen Possible Locations to Offer Sports Betting in Indiana
The thirteen locations that would be able to apply and add sports betting includes, Tropicana Evansville, Majestic Star II, Rising Star Casino Resort, Majestic Star, Horseshoe Casino, Indiana Grand Casino, Horseshoe Southern Indian, Hollywood Casino Lawrenceburg, Hoosier Park, French Lick Resort Casino, Belterra Casino, Blue Chip Casino and Ameristar.
Sports Betting Types in Indiana
The sports betting option in Indiana will include everything from international to college sports. The different sports types will consist of rugby, cycling, mixed martial arts, golf, soccer, tennis, college basketball, baseball, hockey, college football, boxing and football.
Indiana Sports Team Betting
The bill just signed by the governor allows betting on some of the most popular Indian teams, these include the NBA Indiana Pacers, WNBA Indiana Fever, NFL Indiana Colts, NCAA Notre Dame University, NCAA Butler and NCAA Purdue University.