Posted on: July 27, 2019, 08:00. Last updated on: November 27, 2024, 12:51.
Several Indiana sports betting events will now be available for bettors in Indianapolis when sports betting goes live in just over a month. The States sportsbook will offer punters several popular events as well as some less popular events such as boxing and darts. The Indiana Gaming Commission (IGC) has approved 19 different sports according to what other US regulated markets offered on their sportsbooks.
State officials are sceptical about their ability to meet aggressive timelines. As of the 1st of September, 13 locations can start taking bets, as permitted by the IGC. These locations include ten casinos as well as three off-track betting sites. Indiana is home to 12 casinos, and the commission is yet to receive applications from the Rising Star Casino and Majestic Star Casino.
Approved Sports Betting Events
Players can place bets on famous sporting events such as the NFL and NBA. Exciting sports such as Baseball, Basketball, Football, Hockey, Rugby, Soccer, Tennis and Mixed Martial Arts will be available to bet on. Some of the less popular sports players can place wagers on include boxing, auto racing, cricket, hockey, golf and softball. But it doesn’t end there; the IGC has also approved a few unconventional sports such as sailing, lacrosse, Olympics, darts and bowling.
Sports betting Rules in Indiana
Regarding legal sports betting, the IGC is yet to adopt the rules in an upcoming meeting. However, there is a draft version of these rules available online. Some of the regulations that stand include refunds on cancelled sporting events. Should an event not be accepting wagers for whatever reasons it can request that the IGC bans or prohibits bets on the event.
Hoosier States Sports Betting Law
The law passed by the state’s legislature includes both mobile and retail sports betting. Only retail sports betting will be launched. The law currently includes:
- Bets cannot be made on amateur athletes under 18 and esports.
- There will be a 9.5% tax rate on gross revenue with an allocation to problem gambling.
- There will be limits in-play betting.
- A $100 000 fee is charged for vendor licence with an annual $50 000 renewal payments.
- Data source restriction will be left to the discretion of the IGC.
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