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Indiana issues 12 temporary sports betting certificates

The Indiana Gaming Commission has issued temporary licenses to 12 land-based gaming operators to enable them to offer in-person and mobile sports betting to players over the age of 21.

Issuance of the temporary certificates of authority follows the signing of Indiana’s sports betting legislation by Governor Eric Holcomb in early May, with the licensing process launching on July 1st.

The Indiana Gaming Commission issued the certificates Friday to the following operators:

Ameristar Casino East Chicago, LLC - Ameristar East Chicago
Belterra Resort Indiana, LLC - Belterra Casino Resort
Blue Chip Casino, LLC - Blue Chip Casino
Caesars Riverboat Casino, LLC - Caesars Southern Indiana
Blue Sky Casino, LLC - French Lick Resort
Indiana Gaming Company, LLC - Hollywood Casino
Hoosier Park, LLC - Harrah’s Hoosier Park
Horseshoe Hammond, LLC
Centaur Acquisition, LLC - Indiana Grand
Centaur Acquisition, LLC - Winner’s Circle Off Track Betting, Clarksville
Hoosier Park, LLC - Winner’s Circle Pub, Grille and Off Track Betting, Indianapolis
Hoosier Park, LLC - Winner’s Circle Brew, Pub and Off Track Betting, New Haven

Each of the applicants paid an initial licensing fee of $100,000 and will be subject to a 9.5 per cent tax on adjusted gross receipts from sports betting.

Indiana expects to generate sports wagering fees of $1.6m in fiscal year 2020 alongside sports wagering tax revenue of $8.6m, with the tax revenue predicted to rise to $11.5m by fiscal year 2022.

The state’s proposed sports betting regulations were released for public comment earlier this month, with adoption of the final regulations scheduled for August 28th. The public comment period ends August 1st.

https://www.gamingintelligence.com

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