Indiana closing in on legalized sports gambling
The state Senate will discuss the bill today
Indiana’s gambling industry could soon see a number of changes. A bill is making its way through the political obstacle course that would legalize sports gambling, as well as make changes to the casino landscape, and is scheduled to be considered by the Senate today. The bill encompasses three components that would expand the state’s gambling infrastructure and introduce new revenue streams for state and local governments.
The bill, Senate Bill (SB) 552, would allow a casino in Gary to move inland, a plus for aquaphobes. It would also allow a new casino to be built in Terre Haute and would also legalize in-person and online sports gambling. Out of the three provisions, the coverage of sports wagers has, so far, received the greatest support.
If the new Terre Haute casino is approved, it will come at a price. The casino operator will need to pay $3 million annually to the West Baden Springs historic preservation and maintenance fund, as well as $6 million annually to the city of Evansville in order to help fund lease payments of the casino in that city.
SB 552 went before the Senate Appropriations Committee last week and made it through, although several changes were made. If the Senate approves it, the bill will go to the House of Representatives as it continues its legislative trek. Upon approval, it would go before Governor Eric Holcomb and, if approved on the governor’s desk, could soon introduce sports gambling at the state’s ten licensed casinos.