Indiana Moves Forward with Sports Betting
August 19, 2019
Indiana residents will soon have to opportunity to bet on sporting events with online sportsbooks. Lawmakers in the state approved online gambling last May, and the first sports betting sites are expected to appear in September or October 2019.
Sports betting online in Indiana is expected bring about 11,000 new jobs to the state as well as revenues from licensing. Online casinos and sports books will also be taxed on their revenue. The decision to make online betting legal is a win-win for the Hoosier State, its residents, and gaming operators.
Indiana has been in a rush to get its sports betting operations started before Iowa. In Iowa lawmakers are also working to get online sportsbooks up and running. The Midwestern US will soon have a number of options when it comes to betting.
In July Indiana issued 13 licenses to land-based casinos and off-track betting parlors that would allow these venues to offer betting on sports. Like many other states, Indiana seeks to tether sportsbooks to existing gambling operations in the state. The licensees were obligated to go through a rigorous testing process that included making sure all betting technology was functioning properly.
As a part of the sports betting bill in Indiana mobile wagering will be permitted statewide. This does not extend to esports or sporting contests which involve individuals under the age of 18.
Some of the most common sports bets that will be available online in Indiana include straight wagers, parlays, and moneyline wagers. It is expected that the online sportsbooks will use Las Vegas lines on sporting events to offer patrons an authentic sports betting experience.
With each passing month it seems as though more states are looking at options for legalizing online casinos and sports betting. The groundswell of support for online betting in the US took off in late 2018 when the federal government lifted restrictions on sports betting.