Raising the stakes: Momentum builds to allow online casino gambling in Indiana

Summarized by: Live Sports Direct
 

There are growing numbers of states that allow online gambling. Indiana's casinos generated $691 million in wagering taxes last year. A study found that online gaming could bring in $392 million to $883 million over a three-year period. The study was commissioned by the Indiana Gaming Commission. The Casino Association of Indiana supports the study's findings. There are six states with legal online casinos. They are Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia. It is estimated that the state could generate $1 billion in revenue over three years.

Indiana is poised to join the small roster of states to legalize online gambling. Montana became the second state to do so in 2019. The state has realized more than $62 million in sports wagering tax revenues since then. The Hoosier Lottery announced plans to offer internet games earlier this year. Lawmakers passed a bill requiring legislative approval before the State Lotteries Commission can begin online gaming or ticket sales. Some lawmakers introduced online casino bills earlier in the year, but they declined to take up the issue next year as the study is still ongoing.

Indiana Council on Problem Gambling wants to dedicate more money to gambling addiction treatment if online casino gambling is legalized. The most recently proposed online casinos bills mimic the same language as the sports betting legislation. It allocates just over 3% of its revenue stream to such programs. If it becomes legal, Gray hopes lawmakers will consider allocating a larger funding pot to help people struggling with problem gambling.


IN THIS ARTICLE