Sports betting comes to the Midwest; first law signed in Indiana

Indiana Gov. Eric Holcomb signed a sweeping gambling expansion into law in May, legalizing sports betting at the state’s casinos and “racinos” (racetracks with casino games), as well as on mobile devices.

HB 1015 imposes a 9.5 percent sports wagering tax on gross receipts. It also lets the owner of a riverboat casino in Gary, Ind., relocate inland by paying a $20 million fee and opens the possibility of a new casino being built in Vigo County (in southwest Indiana).

The signing of HB 1015 made Indiana the first state in the Midwest to legalize sports betting. Iowa followed a week later when Gov. Kim Reynolds signed SF 617. According to The Des Moines Register, the law allows individuals to wager on sports at any of Iowa’s 19 casinos, as well as online. Legislators set the tax rate at 6.75 percent.

As of mid-May, bills to legalize sports betting remained under consideration in states such as Illinois (HB 1260), Michigan (HB 4311 and SB 186), Minnesota (HF 1278 and SF 1894), and Ohio (HB 194 and SB 111).

Stateline Midwest: May 20194 MB