Study Committee Unanimously Backs Legalized Sports Betting In Indiana

Monday, October 29, 2018 at 10:02 AM

By Mike Perleberg @mikedup84

A report projects millions in new tax revenue for Indiana.

(Indianapolis, Ind.) - State lawmakers will consider legalizing sports gambling in Indiana when the 2019 legislative session begins.

And there’s a good indication that lawmakers will make it law.

Earlier this month, the Interim Study Committee on Public Policy voted 9-0 to recommend legislation to allow sports betting. This follows a U.S. Supreme Court ruling in May to disallow a federal wagering ban.

Indiana Gaming Commission executive director Sara Tait and deputy director Jenny Reske made a presentation to the committee. It included information from an Eliers Krejcik Gaming which estimates $256 million in in-person and mobile sports betting within five years. Annual state tax revenue from sports betting taxes and licenses fees could reach about $87 million.

If legislators approve a sports betting bill, Indiana would be following in the footsteps of six other states.

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