IN HB1362

Authorizes permit holders, licensed riverboat owners, and operating agents to conduct sports wagering in sports books located on their premises, with operations regulated by the Indiana Gaming Commission.

Sports wagering receipts are taxed alongside other gaming receipts for riverboats and casinos, but excluded from calculations of racino support for horse racing and county slot machine wagering fees.

Imposes a separate graduated tax on sports wagering receipts at satellite facilities ranging from 25% on the first $100 million to 35% on receipts exceeding $200 million in adjusted gross receipts annually.

Tax revenue from sports wagering is deposited in the state general fund and distributed equally (50/50) to the Indiana secured school fund and the tourism information and promotion fund on a quarterly basis.

Establishes comprehensive regulatory framework including licensing requirements, minimum age restrictions (21 years old to participate), equipment standards, criminal penalties for violations, and gaming agent oversight authority.