Indiana General Assembly Debates Pair Of Bills To Expand Access To Online Casinos

Indiana’s ban on online casino games will once again be at the center of the state’s General Assembly, with a pair of bills already introduced that would allow river casinos and horse racing facilities to d ‘offer iGaming.

The bills – Indiana House Bill 1337 and Indiana House Bill 1356 – both make their way through the lower house of the legislature.

The potential legislation comes 18 months after the launch of the Indiana sports betting market, with betting permitted in one of the state’s casinos or “racinos,” which are casinos located on racetrack property. . And the new bills come a year after the failure of a similar push to extend iGaming to the General Assembly.

Indiana allows mobile sports betting, with DraftKings, FanDuel, BetRivers, BetMGM, PointsBet, theScore Bet, TwinSpires, Unibet, WynnBET, Barstool Sports / Penn National Interactive, Betway, and Caesars Sportsbook all living in the state.

Similar iGaming legislation is currently being debated in neighboring states, such as Iowa and Illinois, while Michigan has allowed iGaming since January 2021.

What Indiana iGaming Bills Involve

The pair of iGaming bills going through the state legislature would transform the state gaming market.

HB 1337 allows licensed owners of river casinos, those who operate a river boat in a historic hotel district and holders of “racino” racetrack licenses to manage and conduct interactive games.

The legislation, which is sponsored by Republican Representative Alan Morrison, sets an 18% tax rate for all interactive gaming activities, with appropriate revenue sharing between the operators and their respective cities and counties.

The bill would also repeal the historic district community support fee in place for casinos and racinos in the state.

The bill passed first reading in the Indiana House on Tuesday and has plenty of time to be heard by all 100 members of the House, as the legislative session ends in March.

HB 1356 would also pave the way for the start of interactive games – starting in July for owners of licensed river casinos – as well as river casino operators in a historic hotel district and license holders on racetracks. of State.

The bill also sets an 18% tax rate on all interactive sports betting transactions and provides for revenue sharing between facilities and the cities and counties where they operate.

The second interactive gaming legislation is drafted by Rep. Doug Gutwein and Rep. Ethan Manning and was presented to the State House on Tuesday for a first reading by the house’s public policy committee.

Indiana Sports Betting Revenue & Handle, December vs November

Total handle Movable handle Income (taxable AGR)
December $ 463.016M $ 429,802 M $ 25.772 million
November $ 463.685 M $ 430.135 million $ 47.654 M
Change Down 0.1% Down 0.1% Down 45.9%

Indiana sports betting thrives

Indiana released its December sports betting numbers on Wednesday. The full grip ($ 463.0 million) nearly kept pace with November’s record pace ($ 463.7 million). It’s a sign that the start of 2022 could be huge for Indiana sports betting.

Mobile sports betting in Indiana made up nearly 93% of total transactions in December.

But Indiana’s December sportsbook revenue ($ 25.8 million) was down 45.9% from November ($ 47.7 million) while taxes collected for December (2, $ 45 million) were down the same percentage from November. The state collected $ 355.4 million in September.

For the 2021 calendar year, total sports betting in Indiana was $ 3.8 billion, of which $ 3.5 billion was mobile. Revenue for the year was $ 306 million.

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