Loading chat...
IN HB1073
Bill
Status
1/6/2015
Primary Sponsor
Alan Morrison
Click for details
AI Summary
-
Authorizes permit holders, licensed riverboat owners, and operating agents to conduct sports wagering in sports books located at satellite facilities, racinos, and riverboats effective July 1, 2015.
-
Establishes the Indiana Gaming Commission as the regulatory body with authority to administer, regulate, and enforce sports wagering operations through licensing, investigations, and disciplinary actions.
-
Restricts sports wagering to wagers on collegiate and professional sports events, prohibits wagering with currency, and requires all participants to be at least 21 years old (employees can be 18 but cannot perform wagering functions).
-
Makes implementation contingent on the Gaming Commission determining that sports wagering is permissible under federal law, with implementation required within 6 months of such determination.
-
Establishes civil penalties up to $5,000 for occupational license violations, up to $10,000 (or daily gross receipts) for licensee violations, and up to $25,000 for supplier license violations, with criminal penalties of Class A misdemeanor for false statements and unauthorized wagering operations.
Legislative Description
Sports wagering. Authorizes a permit holder, a licensed riverboat owner, or an operating agent to conduct sports wagering in sports books located on the premises of the satellite facility, racino, or riverboat operated by the permit holder, licensed riverboat owner, or operating agent. Provides that the implementation of sports wagering is subject to the gaming commission's determination that sports wagering is permissible under federal law.
Last Action
First Reading: referred to Committee on Public Policy
1/6/2015