Indiana Governor Eric Holcomb signed the sports betting bill last May. As a result, it makes the activity legal in the state. The Gaming Commission is responsible for creating the draft sports betting regulations.
The regulators are working overtime to have the regulations ready in time for a September 1 launch of sports betting in the state. They want to have a system already in place for the start of the NFL season.
September 1 is the first day possible under the new gaming law, according to a political forum. Previously, industry insiders thought sports betting in Indiana will not be ready until the middle of September.
Draft Sports Betting Regulations
Indiana made sports betting news headlines when it became the 10th state to make sports wagering legal. The law will allow betting on sports at retail locations and through mobile apps. However, mobile betting will not be available during the launch.
Earlier this month, the regulators released draft sports betting regulations. Sportsbook agents, industry insiders, and the general public can submit comments and recommendations for the proposed rules until August 1. After the deadline, the regulations will be settled.
One particular rule that the Gaming Commission is taking a closer look at is to allow sports betting at the event venue or not. Bookie solution providers think the rule can hurt attendance of sporting events in the state. Instead of watching the game where they are not allowed to gamble, people might consider watching it at home or from a bar.
In addition, regulators want to ban betting on amateur sports or esports if the participants are under 18 years old. Also, gambling news sites report that sports betting revenue will have a tax rate of 9.5 percent. Regulators also want to create a Sports Wagering Integrity Monitoring Association to ensure fairness at all times.