Indiana edges closer to legal betting after committee voices support

Indiana edges closer to legal betting after committee voices support

Monday, October 29, 2018 Posted by News Team
Committee voted following testimony from Indiana Gaming Commission, NBA and NCAA, among others

Indiana may join the US states working towards regulating sports betting after a General Assembly Committee voted unanimously in favour of introducing legislation. 

All nine members of the Interim Study Committee on Public Policy voted in favour of the General Assembly considering legislation that permits sports wagering, and attempts to restrict illegal gambling in the state.

The committee took the vote after hearing testimony from a number of bodies at a meeting last week, including an outline of how sports betting systems work from Gaming Laboratories International. 

This was followed by a presentation from Indiana Gaming Commission executive director Sara Tait and deputy director Jenny Reske, based on a report compiled by Eliers Krejcik Gaming. This revealed that the state could generate annual revenue of $256m by the fifth year after regulation, provided it allows sports betting across the land-based and online channels. 

In these first five years, $87m would flow back to the state in the form of licence fees and taxes, the report estimated. 

National Basketball Association senior vice president and assistant general counsel Dan Spillane also testified, using the opportunity to talk up the importance of paying integrity fees to the US professional sports leagues. 

However, Mike McDaniel of the National Collegiate Athletic Association (NCAA) did not echo these calls, instead focusing on the importance of tackling illegal gambling and social responsibility measures. McDaniel recommended an age limit of 21 years and over for legal sports betting, and highlighted the importance of addiction treatment services and safeguards to protect players. 

He also recommended that limitations be placed on who could bet, and also on the types of wagers offered on amateur and collegiate sports. This, he said, could be achieved through close collaboration between the NCAA and state regulators. 

Following the committee’s unanimous vote, the onus falls on Indiana’s General Assembly members to file a bill to regulate sports betting. 

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