Sports Betting Now Live in Indiana
02 September 2019
Last updated: 07 January 2021 at 9:21 am
The beginning of September marked the start of the new era in Indiana’s betting culture. Three of their land-based casinos opened the doors to sports betting. Officially, it was introduced on September 1st when the maiden legal sports bet was placed.
The initiative dates back to a couple of years ago. A bill allowing sports wagering was signed only in May 2019, though. Betting license applications were not accepted by the Indiana Gaming Commission before July 1st. Since then, 13 sites were permitted to run Indiana sports betting, including ten casinos and three other betting facilities.
Three casinos took advantage of the aforementioned permission to introduce sports betting as early as possible, on Sunday, September 1st. The other casinos are expected to do the same in days/weeks to come. Horseshoe Hammond thus announced going live with sports betting on Wednesday, September 4th, while French Lick Resort will take sports bets as of Friday, September 6th.
Governor placed the inaugural sports bet
Indiana’s governor Eric Holcomb added on the significance of the change in the state’s gambling law by making an appearance at Indiana Grand Casino on Sunday. He was the one who placed the maiden sports bet in the state. Symbolically, Gov. Holcomb backed local teams to have success in the upcoming NFL and NBA seasons.
Indiana’s top official placed three different sports bets, each in singles. He staked $10 on Indiana Pacers to make a big upset and win the NBA Finals in 2019/20. The second pick saw him back Indianapolis Colts to go all the way and win the 2020 NFL Super Bowl, also with a $10 stake. Apart from these outright picks, the governor backed Indiana Fever to stun Minnesota Lynx in their WNBA clash on Sunday evening. Sadly, the Fever lost the tie 81-73, meaning Indiana’s maiden outcome bet ended up as losing.
State’s main official announced that all potential winnings from his bets would be donated to the Indiana Canine Assistant Network. It is a non-profit organization which secures service dogs for disabled adults and children.
Gov. Holcomb also underlined the significance of the new law. He confirmed that gambling is a highly-regulated industry and stated the introduction of the sports betting will open plenty of new job opportunities and create clear revenue moving forward.
The change in Indiana’s gambling law now allows the state’s casinos to provide sports betting services both in land-based facilities and online. Indiana’s residents are now free to place wagers on any of the most popular sports in the United States. The sports betting introduction to the state came just at the perfect time for NFL admirers as the new season kicks off on Thursday, September 5th.
Bettors can already back their favorite outfits to win the NBA, NHL, NFL, or MLB trophy. On top of these future bets, they are allowed to place a different kind of wagers on individual sports events. Chicago Bears and Green Bay Packers will raise the curtain on the new NFL season on Thursday evening and it is an ideal opportunity for Indiana’s residents to predict a winner in what is expected to be an evenly-matched contest.
On top of the top-notch leagues, Indiana’s casinos will accept bets on the less popular sports such as soccer, tennis, golf, boxing, cricket, darts, etc. Bets on college sports are also accepted while betting on high school and amateur youth events remain prohibited.
Operators who applied for the sports betting license had to pay a fee of $100,000. They are also due to pay $50,000 each year to renew their licenses. They will have to cover the 9.5% of gross revenue for taxes under the state’s gambling law.