In Indiana, the Interim Study Committee on Public Policy voted this month to recommend legislation to bring legal sports betting to Indiana, according to an Associated Press new agency report this weekend..
Indiana Gaming Commission Executive Director Sara Tait said sports betting “is something that has been successfully regulated elsewhere for years, so we’re not going to have to reinvent the wheel.”
The commission hired consultants Eilers & Krejcik Gaming to study sports betting, which advised that officials should move quickly to prevent a black market from becoming entrenched.
The report recommends offering mobile online betting and cautions against restricting wagers on college sports or setting taxes too high. The state could see in-person and mobile sports betting in Indiana reach $256 million in five years, which would add about $38 million in annual state tax revenue, the report said.