Indiana sports betting to be ready by September

Regulators in Indiana have set September 1 as a target date to launch sports betting and are confident to achieve their goal after legalising the segment.

US.- The sports betting segment was legalised in Indiana in May, but regulations haven’t been outlined yet. However, state regulators hope to launch the business by September 1 and are hopeful that they will achieve it.

The state issued emergency regulations this week to speed up the process. Those include mobile betting rules and a prohibition for wagers on eSports or amateur athletes under the age of 18.

Indiana sports betting taxes are set at 9.5% of the adjusted gross. Part of it will go to help problem gamblers treatment.

Furthermore, vendors will have to pay an initial US$100k fee, with a US$50 renewal fee.

The segment’s legalisation

Indiana Governor Eric Holcomb signed into law a bill that approves sports betting in the state. This way, Indiana became in May the latest state in the US to legalise and be able to offer sports betting services if it wishes to do so.

The bill was signed on the final day possible for the Governor to act on it. Lawmakers had approved the bill in the final hours of this year’s state legislative session. The state could start offering sports betting from September. Bets could be placed by anyone 21 or older at casinos or mobile once a player registers at local casinos.

“By modernising our laws, this legislation will spur positive economic growth for our state and for an industry that employs over 11,000 Hoosiers,” Holcomb said in a statement. “Additionally, it will bring in new revenue and create hundreds of new jobs — both permanent and in construction.”