(Photo: Eric Berman/WIBC)
Indiana is a step closer to legalized, state-regulated sports wagering.
On Tuesday, the House Ways and Means Committee advanced IN sports betting bill (S 552) by a 17-6 vote, sending it to the floor. The Senate already passed a version of this bill in February with minor differences in language and requirements.
If successful, Indiana would become the ninth state in the United States with legal sports betting.
According to Legal Sports Report, Tuesday’s hearing centered around several amendments, including a comprehensive one filed by Rep. Todd Huston. Huston’s proposal featured some notable changes to the bill’s sports betting provisions:
- Moves the launch date back to Sept. 1, 2019 (instead of July 1).
- Reduces the license fee to $10,000 (instead of $100,000).
- Authorizes a system of temporary licensure.
- Establishes a tax rate of 9.5{be98f16254b36a744f545e63909ce016dd85feb5d217353bac18b3845f1005b1} on revenue.
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Allocates 3.3{be98f16254b36a744f545e63909ce016dd85feb5d217353bac18b3845f1005b1} of adjusted revenue to problem gambling.
WIBC political correspondent Eric Berman joined the Hammer and Nigel show Tuesday afternoon with additional details. Click below to check it out.
