The Indiana Gaming Commission has issued temporary sports betting licenses to twelve (update: make that thirteen) casinos and off-track betting locations (OTBs) ahead of a planned September 1st launch date.
The twelve temporary licenses will give each location permission to commence sports betting while the Indiana Gaming Commission makes a final determination on each to award permanent licensure.
Casinos and OTBs that have been approved include:
- Ameristar East Chicago
- Belterra Casino Resort
- Blue Chip Casino
- Horseshoe Southern Indiana
- French Lick Resort
- Hollywood Casino
- Harrah’s Hoosier Park
- Horseshoe Hammond
- Indiana Grand
- Winner’s Circle OTB Clarksville
- Winner’s Circle Pub, Grille and OTB Indianapolis
- Winner’s Circle Brew, Pub and OTB New Haven
- Update: Tropicana Evansville has received a license as well now
Indiana legalized sports betting in May with a law authorizing in-person and mobile betting. A quick analysis of the law concludes it should be conducive to a healthy and competitive sports betting market with local casinos allowed to operate retail sportsbooks and to partner with third-party gaming providers to offer online/mobile betting.
Indiana opted not to require in-person registration for mobile betting, which means residents 21+ can sign up to bet online without having to visit a casino in person. The law also establishes a reasonable tax rate of 9.5% on sports betting.
The Indiana Gaming Commission has moved quickly to implement sports betting, aiming to approve the first wagers by September. The state issued emergency regulations earlier this month for sports betting to give casinos ample time to prepare before adopting formal, permanent regulations.
Wagers on professional and college sports are allowed, but wagers on esports and amateur youth sports will be prohibited. Each casino has paid a $100,000 sports wagering license application fee and will pay a $50,000 annual renewal fee moving forward.
Licensed sports betting operators in Indiana will not be required to buy official data from the leagues or pay an integrity fee.
Previewing the Indiana Sports Betting Market
The plan of action for sports betting in Indiana right now is to have retail sportsbooks cleared for launch on 1 September 2019. Mobile betting will follow after that point, but there is no firm start date for mobile wagers as of today.
The Times of Northwest Indiana reports the Blue Chip Casino sportsbook will be run by FanDuel as a part of a deal reached between Boyd Gaming and Flutter Entertainment (formerly known as Paddy Power Betfair and parent company of FanDuel) last August.
DraftKings also has an inroad into the Indiana market through a deal reached with Caesars Entertainment earlier this year. A press release issued at the time specified Caesars will still retain the ability to offer sports betting services under its own brand name, so it is not clear which Indiana casinos will actually operate under the DraftKings banner.
Caesars operates four casinos in Indiana that have received temporary sports betting licenses: Horseshoe Southern Indiana, Horseshoe Hammond, Harrah’s Hoosier Park and Indiana Grand.
Missing from the list of temporary licensees are Tropicana Evansville and Four Winds South Bend.
Both casinos have been quiet on their sports betting plans, but a LinkedIn job posting for a sportsbook ticket writer appears to reveal Tropicana Evansville has partnered with William Hill US for sports betting.
Update: Tropicana has been issued a temporary sports betting license. That makes it a total of 13 casinos to receive initial IGC approval.