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IN HB1325
Bill
Status
1/16/2018
Primary Sponsor
Alan Morrison
Click for details
AI Summary
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Sports wagering authorized at Indiana riverboats, racinos, and satellite facilities once the Indiana Gaming Commission determines federal prohibitions no longer apply or are ruled unconstitutional.
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Interactive sports wagering permitted through Internet platforms offered to patrons physically located in Indiana or in states with reciprocal agreements.
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Initial certificate fee of $75,000 required for licensed owners and operating agents; permit holders pay only one initial fee if operating at multiple facilities; interactive platform providers pay $10,000 initial fee.
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9.25% wagering tax imposed on adjusted gross receipts from sports wagering, with taxes remitted monthly; annual administrative fees of $5,000 and $50,000 reinvestigation fees due every five years.
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Comprehensive integrity requirements including background checks on employees, restrictions on wagering by athletes and sports insiders, age verification (minimum 21 years), self-exclusion policies, and 1% integrity fees to sports governing bodies.
Legislative Description
Wagering on sports. Authorizes sports wagering at riverboats, racinos, and satellite facilities after the Indiana gaming commission determines that current federal prohibitions on sports wagering are no longer applicable. Authorizes interactive sports wagering through the Internet. Provides for the licensing and regulation of interactive sports wagering platform providers that conduct sports wagering on behalf of a licensed owner, operating agent, or permit holder. Provides for the administration, conduct, and taxation of sports wagering. Imposes initial and annual fees on a licensed owner, operating agent, or permit holder conducting sports wagering.
Last Action
Representatives Forestal and GiaQuinta added as coauthors
1/16/2018