Sport betting licenses cost $100,000 and will need to be renewed on an annual basis for $50,000. The bill set a tax rate of 9.5% on adjusted gross revenue, with a portion of tax revenue being allocated to combating problem gambling.
With the passage of the bill, HB 1015, land-based and state-wide mobile sports betting was legalized and like Pennsylvania, New Jersey, and West Virginia, residents can sign up with online bookies remotely. This made Indiana the tenth state to legalize sports wagering after the repeal of PASPA. In May 2019, Indiana’s Governor, Eric Holcomb, signed a piece of legislation into law that would legalize sports wagering in the state of Indiana. Yes, land-based and online sports wagering is legal, and live in the Hoosier State.
IN sports betting regulation Is it legal to bet on sports in Indiana?
