LegalSportsBetting.com https://www.legalsportsbetting.com We Cover the Laws, You Cover the Spread Fri, 06 Sep 2019 12:20:33 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.2 Buffalo Wild Wings Partners With MGM, Offers Free-To-Play NFL Betting App https://www.legalsportsbetting.com/news/buffalo-wild-wings-partners-with-mgm-offers-free-to-play-nfl-betting-app/ https://www.legalsportsbetting.com/news/buffalo-wild-wings-partners-with-mgm-offers-free-to-play-nfl-betting-app/#respond Fri, 06 Sep 2019 12:20:33 +0000 https://www.legalsportsbetting.com/?p=12713
  • Buffalo Wild Wings has made progress in their 2018 goal to enter the sports betting industry.
  • Partnering with MGM Resorts, BWW will feature live odds as well as a predictive betting app.
  • Players can play from anywhere in the country but winning prizes requires visiting a BWW location.
  • TALLAHASSEE, Fla. – Buffalo Wild Wings announced on Thursday that the nationwide restaurant will begin offering a free-to-play app in partnership with MGM.

    The app, called Picks and Props, is the first of its kind for a gaming company and a sports bar-restaurant. It is available for players located anywhere in the country, but to be eligible for prizes, contestants must check in to a Buffalo Wild Wings between Thursday and Sunday of that NFL week.

    Players will be able to win prizes such as an opportunity for Super Bowl tickets, entry into Borgata Atlantic City’s betMGM sports betting competition, and more. Points are awarded by correctly answering prop questions and choosing the week’s best fantasy football players.

    “With more than 1,200 sports bars across the country, Buffalo Wild Wings is firmly established as a ‘go-to’ venue for sports viewing in all of its markets,” said Jim Murren, CEO of MGM Resorts. “Adding access to MGM’s world-class properties and the BetMGM mobile app will create unique customer experiences and redefine how fans enjoy sports.”

    This multi-year partnership will also see Buffalo Wild Wings brandish sports betting odds provided by MGM in states that have legal sports betting. Additionally, the restaurant will find a home in three or more MGM gambling establishments in the upcoming years – with Las Vegas’s Mandalay Bay as the first to open in 2020.

    As MGM is stationed to help Buffalo Wild Wings dip their toe into the sports betting industry, MGM will offer bettors odds and free bets for those who place wagers within a BWW.

    “This is a landmark relationship between two preeminent experience brands that put us in a position to innovate the current sports watching experience to bring the best of sports gaming to our guests,” said Lyle Tick, president of Buffalo Wild Wings.

    While real-money sports betting will not be included in this app’s launch – which happens to be just in time for the kickoff of the NFL’s 100th season – the possibilities now become available with this partnership. Expect BWW to offer beer, wings, sports, and sports betting sometime sooner than later.

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    Betting On The NFL, The League’s Stance On The Issue 100 Years Later https://www.legalsportsbetting.com/news/betting-on-the-nfl-the-leagues-stance-on-the-issue-100-years-later/ https://www.legalsportsbetting.com/news/betting-on-the-nfl-the-leagues-stance-on-the-issue-100-years-later/#respond Thu, 05 Sep 2019 22:18:19 +0000 https://www.legalsportsbetting.com/?p=12706
  • Every NFL commissioner since the 1960s has spoken outwardly against the spread of legal sports betting in the United States.
  • Different NFL teams have taken different stances in regard to betting on the NFL.
  • While the NFL has not made partnerships with legal sports betting businesses, they have made deals with companies involved in the industry.
  • The Oakland Raiders will move to the city of Las Vegas in 2020. Las Vegas is the single largest sports betting market in the U.S.
  • CHICAGO – The 2019 NFL season will kick off this Thursday at Soldier Field when the Green Bay Packers take on the Chicago Bears. It’s fitting that the 100th season of the league starts with one of the oldest rivalries in the sport. It is also ironic that it begins in a place where legal sports betting may soon come.

    In June of 2019, Illinois Governor J.B. Pritzker signed IL SB 690 into law. The bill not only legalized sports betting in Illinois, but it also gave Soldier Field the ability to offer the activity at the stadium.

    The NFL’s stance on sports betting has changed throughout the years, but none more so than after the repeal of PASPA in 2018. The league and its individual teams have all taken a unique approach to the activity.

    The league has taken the approach of lobbying the federal government, teams have lobbied state governments, and teams have even started to offer betting apps of their own. We’ll take a look at how NFL betting has changed throughout the years, and where it can be headed in the future.

    How NFL Commissioners Have Felt About NFL Betting

    Pete Rozelle, who served as the commissioner of the NFL from 1960 to 1989, was the first in his position to have to face NFL betting head-on. He suspended two players in 1963 for betting on NFL games and went on to express his opposition to the activity in an interview with Sports Illustrated in 1963.

    “This sport has grown so quickly and so much of the approval of the American public that the only way it can be hurt is through gambling,” said Rozelle.

    Rozelle’s successor, Paul Tagliabue, took a similar approach to the topic and spoke outwardly against legal sports betting leading up to the signing of the Professional and Amateur Sports Protection Act of 1992 (PASPA). PASPA banned any state from enacting sports betting laws.

    “The issue of sports gambling and the National Football League’s interest in this issue is not an economic or a commercial interest. It is a matter of integrity. It is a matter of the character of our games, of the character of our fans and a matter of values—especially the values that we in professional sports and our athletes represent and transmit to the youth of this country,” said Tagliabue during a U.S. House of Representatives hearing in 1991.

    PASPA limited full-service sports betting to just Nevada for over 20 years, but since it was repealed on May 14, 2018, several other states have made sports betting legal. Roger Goodell, the current commissioner of the NFL, issued a statement following the 2018 ruling.

    “We have spent considerable time planning for the potential of broadly legalized sports gambling and are prepared to address these changes in a thoughtful and comprehensive way, including substantial education, and compliance trainings for our clubs, players, employees, and partners,” said Goodell.

    The NFL Since The Repeal Of PASPA

    The NFL has been making moves floating around legal sports betting for years now.

    In 2007, the league played its first game in London, England, a country and city which allow for sports betting. In 2017, NFL owners approved the relocation of the Oakland Raiders to the historic sports gambling city of Las Vegas, Nevada.

    Now that sports betting has expanded to a quarter of the states in the US, the NFL has taken more subtle approaches to embrace the industry.

    In January of 2019, the NFL named Caesars Entertainment as the official casino sponsor of the league. While not a direct sports betting partnership, the deal allows Caesars to use official NFL trademarks within its casino properties, many of which now have sportsbooks.

    The NFL also expanded its partnership with its data distribution provider, Sportradar. Sportradar can now distribute official league data to US sportsbooks. This week, it was reported that Sportradar is asking for a 1.5% cut of all revenue generated from live NFL betting that was made with the use of official league data.

    While it hasn’t been confirmed whether or not the NFL supports this proposition, the league continues to tip-toe around the sports wagering industry.

    How Teams Have Embraced NFL Betting

    Certain teams across the league have taken a head-on approach to betting on NFL games.

    The Washington Redskins hosted the NFL’s first-ever game with live predictive betting during their first 2019 pre-season matchup. While not traditional sports betting, a telecast of their game on NBC Sports Plus featured questions similar to prop bets that viewers could answer for a chance to win real money.

    The Los Angeles Rams took a similar approach by launching their Pick’em app in August as well. Their app can be used throughout the country and allows fans to make real-time predictions during Rams games. Those that make correct predictions are eligible to win exclusive prizes.

    The Green Bay Packers have taken a similar approach to the NFL and have taken a more indirect route to get involved in the industry. Just last week, the Packers announced an extended partnership with the Oneida Nation. The Oneida Nation operates several sportsbooks and will have a banner advertisement on display at one of Lambeau field’s gates.

    Public perception on sports betting has changed over the past 100 years, and as legal NFL betting starts to spread across the country, the league and its teams will likely have no choice but to embrace the industry.

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    Mobile Rhode Island Sports Betting Launches, Lawsuit Looms https://www.legalsportsbetting.com/news/mobile-rhode-island-sports-betting-launches-lawsuit-looms/ https://www.legalsportsbetting.com/news/mobile-rhode-island-sports-betting-launches-lawsuit-looms/#respond Thu, 05 Sep 2019 16:11:39 +0000 https://www.legalsportsbetting.com/?p=12690
  • Rhode Island mobile sports betting is now active.
  • Sports bettors need to sign up for their mobile account at the Twin River Casino.
  • A lawsuit threatens to shut down Rhode Island sports betting completely.
  • LINCOLN, R.I. – Mobile sports betting became active on Wednesday at the Twin River Casino in Lincoln.

    The Details For Rhode Island Mobile Betting

    The main thing to look out for is that bettors in the state must go to a Twin River Casino to sign up. The Rhode Island Sportsbook app is available for download no matter your location. But bettors cannot register their mobile sports betting account without visiting the casino. At the moment, bettors can only register for mobile sports betting at the Twin River Casino in Lincoln. Registration at the Twin River Tiverton will become active within a few days.

    Registering at one of the casinos is the main restriction with Rhode Island mobile sports betting. Once that is done, bettors are free to bet on action no matter where they go. But the mobile sports betting app will not work outside of Rhode Island’s state borders.

    The Path To Mobile And An Uncertain Future

    Sports betting became legal in Rhode Island on June 2018. Retail sportsbooks at the Twin River Casinos then launched on November 2018. Lawmakers then decided that they needed mobile betting to make sports betting successful.

    That is when they decided to introduce RI SB 37. The bill was signed and made into law in March 2019. Now mobile sports betting is active and legal a year after the legalization of Rhode Island sports betting.

    But a lawsuit threatens to dismantle Rhode Island sports betting completely. A group of former Republican politicians are suing because of how Rhode Island sports betting was legalized. They believe that a voter’s referendum is necessary to legalize sports betting in the state.

    But a 2016 referendum helped to outline that authorization did happen. The plantiffs believe that this was not enough to legalize sports betting. But that is not the only reason why the lawsuit is happening.

    “It’s the integrity issue. Colleges around the country are really concerned about players who aren’t making any money. Will they be tempted to throw a game? So, the best way for us to avoid that is to not allow that kind of betting in Rhode Island,” said Paul Grimaldi from the Rhode Island Department of Revenue.

    But this should not be too big of an issue for Rhode Island. Sportsbooks in the state are already not allowed to take action on Rhode Island colleges no matter where they play. What’s more, state sportsbooks cannot take action on college games that happen in Rhode Island. This includes games that Rhode Island colleges are not a part of.

    It is not clear if this lawsuit will end up being successful. If it is, then sports betting in Rhode Island would be reconsidered or the law could potentially be amended. For now, the soft launch of Rhode Island mobile sports betting means the action is available in time for betting on the NFL regular season.

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    Smarkets, Full House Resorts Partner For Mobile Betting https://www.legalsportsbetting.com/news/smarkets-full-house-resorts-partner-for-mobile-betting/ https://www.legalsportsbetting.com/news/smarkets-full-house-resorts-partner-for-mobile-betting/#respond Wed, 04 Sep 2019 23:32:36 +0000 https://www.legalsportsbetting.com/?p=12670
    • Indiana sports betting is now active and legal.
    • Smarkets will provide mobile sports betting to Full House Resorts.
    • Full House Resorts is operating in multiple states.

    RISING SUN, Ind. – UK sports betting exchange Smarkets announced on Tuesday that they have partnered with Full House Resorts. The European operator will provide mobile sports betting in the coming months at the Rising Star Casino property.

    Sports betting became active in Indiana when Governor Eric Holcomb made the first bet on September 1. At the moment, Rising Star Casino does not have an active sportsbook. However, the casino resort is preparing for sports betting soon.

    That is why parent-company Full House Resorts has partnered up with Smarkets. Smarkets will provide a sports betting app that is affiliated with the Rising Star Casino. Indiana allows for statewide mobile sports betting. This means that so long as you are within state borders, you will be able to use the Smarkets online sportsbook.

    Indiana is not the only state that will benefit from the partnership. Partnering with Full House Resorts will eventually allow Smarkets to provide mobile sports betting in Colorado as well.

    Colorado sports betting is not currently legal right now. Colorado sports betting must first go through a statewide referendum before it can be legal. If the referendum is a success, then Smarkets can provide mobile wagering to Colorado residents as well.

    As mentioned, the Rising Star Casino does not currently have an active sportsbook. The casino is aiming to launch a retail sportsbook sometime in the fall. Afterward, they want to launch mobile sports betting with Smarkets. Patrons of the casino should have the full sports betting experience by late 2019.
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    Resorts World Catskills To Open 7th NY Sportsbook This Week https://www.legalsportsbetting.com/news/resorts-world-catskills-to-open-7th-ny-sportsbook/ https://www.legalsportsbetting.com/news/resorts-world-catskills-to-open-7th-ny-sportsbook/#respond Wed, 04 Sep 2019 22:26:37 +0000 https://www.legalsportsbetting.com/?p=12666
  • Resorts World Catskills was one of four casinos granted permission to open a sportsbook in New York through a state-wide 2013 voter referendum.
  • IGT and Betgenius will power the sportsbook at Resorts World Catskills.
  • Sportsbook 360 at Resorts World Catskills is the closest N.Y. sportsbook to New York City.
  • MONTICELLO, N.Y. – Resorts World Catskills is set to unveil the grand opening of Sportsbook 360 on Thursday, just in time for the first game of the NFL season. It will be the seventh sportsbook in New York to open and the final commercial casino in upstate N.Y. to offer sports betting.

    The opening reception for the event will begin at 6:30 p.m. EST and the first ceremonial bets will be placed at 7 p.m. EST. Former New York Jets wide receiver Santana Moss will be one of the first to wager, along with former New York Knicks players Larry Johnson and John Starks.

    Sportsbook 360 can be found on the casino floor of Resorts World Catskills and encompasses a total of 6,000 square feet. The area features more than 35 televisions that are 75-inches in size each. The screens are organized in a 360-degree arc positioned around a central bar.

    “We are thrilled to offer patrons access to Sportsbook 360 for a unique, integrated gaming and lounge experience within our casino resort,” said Ryan Eller, president and CEO of Resorts World Catskills in a press release sent by the casino.

    Sports betting will be powered by International Game Technology (IGT) and Betgenius. IGT is one of the largest gaming suppliers in the world and provides lottery, casino, and sports betting services. Betgenius is a subsidiary of Genius Sports, which is a data provider for sports leagues such as the NCAA and NBA.

    “We are proud to play a key role in Resorts World Catskills’ new sportsbook offering. Utilizing Betgenius’ premium sports betting content in sportsbook management, Resorts World Catskills will offer its customers the most extensive and engaging sports betting experience,” said Jack Davidson, chief commercial officer of Genius Sports Group in a press release.

    As all other sportsbooks in N.Y. that offer legal sports betting, Resorts World Catskills can only offer onsite betting.

    A mobile sports betting bill was introduced during the state’s 2019 legislative session, but it eventually died in Assembly despite passing through the state Senate.

    However, sports betting in New York is still growing and Resorts World Catskills will still offer its patrons many sports wagering options. Sportsbook 360 will offer pre-match/live betting, 14 self-service betting kiosks, and seating for up to 100 sports bettors.

    Odds for professional, as well as collegiate sports, will be offered at Sportsbook 360. However, betting on in-state collegiate teams or matches is not permissible under the state’s current sports betting laws.

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    Montana Sportsbooks Will Not Launch Ahead Of NFL Season Opener https://www.legalsportsbetting.com/news/montana-sportsbooks-will-not-launch-ahead-of-nfl-season/ https://www.legalsportsbetting.com/news/montana-sportsbooks-will-not-launch-ahead-of-nfl-season/#respond Wed, 04 Sep 2019 18:58:03 +0000 https://www.legalsportsbetting.com/?p=12631
  • Montana was the first state in 2019 to sign sports betting into law.
  • IGT and the Montana lottery signed a seven-year contract in 2016 that allows IGT to expand their services to offer sports betting.
  • The timing of when legal sports betting in Montana will launch is dependent on how soon regulations in the state are finalized.
  • HELENA, Mont. – Those hoping to place a sports bet in Montana in time for the 2019 NFL season opener are out of luck.

    On Tuesday, in a hearing of the State Administrative and Veterans Affairs interim committee, officials said that the launch of sports betting in Montana will likely come at the end of the year or sometime thereafter.

    According to the Associated Press, MT Lottery Director Angela Wong told the committee that the timing of the launch depends on when new regulations are finalized.

    Wong went on to say that “it’s quite a task to implement” sports betting and that Lottery officials never claimed that they would be ready to offer the activity by the NFL season. That goal was set by MT Representative Ryan Lynch, who sponsored the bill which made sports betting legal.

    One of the main areas of concern for state officials is the fact that sports betting will be operated by Intralot, the same company which operates the state’s lottery games. The decision came with controversy, but the Lottery has remained adamant in its approach.

    “You’re awarding a contract that’s worth $4.5 million to $6.1 million over the next four years, each year, to a company on a no-bid contract,” said Neil Peterson of the Gaming Industry Association of Montana in July. “I’m hearing rumblings within the industry that should the Commission go ahead and do a no-bid contract…that you could have some litigation over that.”

    However, during Tuesday’s hearing, Wong reiterated that a seven-year agreement with Intralot made in 2016 allows the company to add games to its existing offerings.

    “The current contract allows room for changes. When it comes to providing gaming services, the Lottery doesn’t contract with individual providers for specific discrete services. Instead, the Lottery has one master contract that covers the whole suite of services,” said Wong.

    During the state’s 2019 legislative session, MT Governor Steve Bullock was given two sports betting bills to sign.

    MT HB 725 put the lottery in charge of overseeing and operating the new gambling activity. MT SB 330 would have allowed third-party vendors to do business in Montana, but it was ultimately vetoed because Governor Bullock believed it would be best to take a conservative approach to this gaming expansion.

    MT HB 725 was signed and MT SB 330 was vetoed, giving the Lottery the final say over sports betting in Montana. The signed piece of legislation also opened the door for establishments with sports wagering to host on-site mobile betting platforms. Implementing those could also complicate and delay the launch of sports gambling in Big Sky Country.

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    AGA Survey Finds Increase In NFL Betting Among Americans https://www.legalsportsbetting.com/news/aga-survey-finds-increase-in-nfl-betting-among-americans/ https://www.legalsportsbetting.com/news/aga-survey-finds-increase-in-nfl-betting-among-americans/#respond Wed, 04 Sep 2019 18:37:43 +0000 https://www.legalsportsbetting.com/?p=12623
  • The American Gaming Association has estimated that over $150 billion is used to wager on sports annually, predominately with the use of offshore sportsbooks.
  • According to the survey by AGA, 23% of bettors would place a $25 wager on the New England Patriots to win the Super Bowl this season.
  • The NFL could potentially make $2.3 billion yearly with the help of a larger legalized wagering market research finds.
  • BOSTON – A nationwide survey done by technology company Morning Consult, for the American Gaming Association (AGA), has concluded that bettors from the United States have a higher interest in NFL betting.

    Results showed that 38.1 million American adults totaling 15% of the population have plans to wager on the game this season. This number has increased significantly due to the legalization of sports betting across the nation, according to survey findings.

    Of the 11,001 people surveyed, 24% expressed an interest in participating in sports betting if their state allowed them to do so. States that have opened up their own sportsbooks has led to a rise in the number of residents interested in wagering on football. The number of bettors that will be placing wagers in person at a local sportsbook has jumped by 1.2 million from last season. Last year, 5.7 million Americans placed bets on the NFL through brick and mortar establishments.

    “It is clear that as jurisdictions enact policies to provide a legal alternative to the dangerous illegal market, consumers follow suit and seek the protection they deserve,” said Bill Miller, AGA president, and CEO about the results of the survey.

    A domino effect is happening when it comes to sports betting. The legalization of the pastime has led to a spike in the number of people that will be wagering on the game this season. Those that have invested their money on a match are more likely to watch the game on television, leading to an increase in network ratings for tv stations. From there, comes a jump in overall NFL sales which includes tickets and merchandise.

    The NFL is one of the leading markets for all sportsbooks. According to another survey done by Eilers & Krejcik, over 93% of all gamblers wager on at least one NFL game a year. More than likely that game is the Super Bowl, but the results themselves show just how big the sport of football is when it comes to gamblers in general, not just those that wager solely on sporting competitions.

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    Oneida Casino Now An Official Sponsor For The Green Bay Packers https://www.legalsportsbetting.com/news/oneida-casino-now-an-official-sponsor-for-the-green-bay-packers/ https://www.legalsportsbetting.com/news/oneida-casino-now-an-official-sponsor-for-the-green-bay-packers/#respond Tue, 03 Sep 2019 22:54:50 +0000 https://www.legalsportsbetting.com/?p=12597
  • The Green Bay Packers have become the fourth NFL franchise to gain sponsorship by a casino.
  • NFL teams becoming officially sponsored by businesses affiliated with gambling is fairly new, beginning last year.
  • Wisconsin has not yet legalized sports betting for its residents.
  • GREEN BAY, Wis. – The Oneida Casino has become the first casino in the franchise history of the Green Bay Packers to sponsor the team. The Oneida Nation has had a relationship with the Packers for over 17 years, with the name “Oneida Nation Gate” emblazoned over Lambeau Field’s east gate entrance.

    The Oneida Tribe has a few casino locations near the stadium, but were unable to sponsor the team fully due to NFL policies on gambling affiliated sponsorships. While there was already a connection to the Oneida Nation, the official casino sponsorship came about when the NFL changed their policies on casinos.

    This policy change only came after the federal ban known as PASPA was repealed in 2018. When sports wagering slowly began its legalization among states nationwide, the NFL began to embrace the idea of profit potential from such partnerships. However, Wisconsin has not legalized sports betting within the state.Many teams have partnered with sportsbooks since the realization of a new revenue stream and broader market range for their general sales. The Dallas Cowboys were the very first to gain a casino sponsorship immediately after the federal ban was lifted. The Cowboys are partnered with Oklahoma’s WinStar World Casino Resort.

    The Baltimore Ravens inked a contract with the local Horseshoe Casino, while the Oakland Raiders will have a 15-year sponsorship with Caesars Entertainment once they move to Las Vegas beginning in 2020.

    Wisconsin Sports Betting Markets

    A study done by Nielsen and the American Gaming Association found projected revenues for wagering on sports to be $2.326 billion annually. With both the sportsbooks and NFL to profit from partnering with one another, more franchises are becoming interested in the prospect.With large fan bases for both collegiate and professional sports, Wisconsin will likely consider regulating sports betting in the future. College football has already kicked off, with the Wisconsin Badgers (favored by 35-points) taking on Central Michigan on Saturday, September 7. The Packers are 3-point underdogs against the Chicago Bears on Thursday as we head into the start of the NFL season. For now, traveling or betting online are the best bets for sports wagering in Wisconsin.

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    Does Sportsradar Want A Payout For Live NFL Data Usage? https://www.legalsportsbetting.com/news/does-sportsradar-want-a-payout-for-live-nfl-data-usage/ https://www.legalsportsbetting.com/news/does-sportsradar-want-a-payout-for-live-nfl-data-usage/#respond Tue, 03 Sep 2019 22:34:57 +0000 https://www.legalsportsbetting.com/?p=12593
  • The NFL and Sportradar agreed to expand their partnership on August 12, 2019. The expansion included the distribution of NFL data to sportsbooks.
  • The NFL does not have a partnership with a US sports betting supplier such as FanDuel or DraftKings.
  • US sportsbooks tend to only hold 5-10 percent of sports betting wagers. The industry is known to be volatile.
  • Tallahassee, Fla. – With the Chicago Bears and Green Bay Packers set to kick-off this Thursday, many around the country will be looking to bet on NFL games. Those located in states with legal sports betting may want to make in-game wagers, and Sportradar is looking to cash-in on just that.

    According to a tweet sent out by ESPN’s David Purdum, “sports betting data distributor Sportradar is asking book makers for a 1.5% cut of net profits from in-game bets on the NFL in exchange for access to the league’s official data feed.”

    The report comes only three weeks after the NFL agreed to expand it’s current partnership with Sportradar to include the distribution of play-by-play data and Next Gen Stats (NGS) to US sportsbooks.

    While it may seem as though the NFL is trying to find a way to profit from legal sports wagering, representatives of the league have recently shown reluctance to the category. This comes despite having made partnerships with Caesars Entertainment and Sportradar.

    “We haven’t opened up the category,” said Christopher Haplin, Chief Strategy and Growth Officer of the NFL in an interview with Reuters just one week ago. Haplin told Reuters that the NFL does not want to “alienate a lot of fans needlessly” by rushing into sports betting.

    Whether or not Sportradar’s demand for sports wagering profits comes from the NFL is unclear. What is clear is the significance of the ask. Sportsbooks in the US tend to only hold about 5-10% of the money wagered on sports.

    Live betting has increased in popularity since the expansion of legalized sports betting. To add to this, betting on the NFL is the most heavily wagered upon sports in the country. When you add all of these factors together it’s easy to see just how large a 1.5% demand can be.

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    Everything You Need To Know About Indiana Sports Betting https://www.legalsportsbetting.com/news/everything-you-need-to-know-about-indiana-sports-betting/ https://www.legalsportsbetting.com/news/everything-you-need-to-know-about-indiana-sports-betting/#respond Tue, 03 Sep 2019 22:06:09 +0000 https://www.legalsportsbetting.com/?p=12587
  • Indiana sports betting was signed into law by IN Governor Eric Holcomb on May 8, 2019.
  • There are now four land-based sportsbooks in Indiana currently accepting bets, with four more scheduled to launch in the coming days.
  • Mobile and online sports betting in Indiana is also legal, though none of the state-licensed sportsbooks have applied for that option.
  • INDIANAPOLIS – As many in the state know, sports betting in Indiana is now active and growing. On Sunday, three separate casinos opened the first sportsbooks in Indiana and Tuesday marks the launch of the first sports betting facility in the capital city of the Hoosier State, Indianapolis.

    Legal sports betting was signed into law on May 8, 2019, when IN Governor Eric Holcomb signed a large gambling expansion bill into law. Indiana became one of the first states in 2019 to accept the activity, and Governor Holcomb was the first to place a sports bet.

    “Sports wagering is now legal in Indiana, and I was excited to be the first Hoosier to place a bet,” tweeted Governor Holcomb.

    Governor Holcomb placed a bet on the NFL, NBA, and WNBA and tweeted that any winnings to come from the bets would be given to the Indiana Canine Assist Network.

    However, other Hoosiers may be wondering where exactly they can find Indiana sportsbooks, what types of wagers they can place, and what the money generated from the activity is actually going towards. All of those answers can be found below.

    Where Can I Place A Sports Bet In Indiana?

    Sports betting licenses in Indiana have been awarded to almost every one of the state’s casinos, however, the Indiana Gaming Commission has only authorized launch dates at eight retail sportsbooks.

    The three that launched on September 1, include the Indiana Grand Casino in Shelbyville, the Ameristar Casino in East Chicago, and the Hollywood Casino in Lawrenceburg. Winner’s Circle in Downtown Indianapolis also started accepting sports wagers on September 3, 2019.

    The following casinos are set to open sports gambling operations in the coming days: Horseshoe Hammond Casino on September 4, the Blue Chip Casino in Michigan City on September 5, French Lick Casino in French Lick on September 6, 2019, and Belterra Casino in Florence on September 9.

    Other notable casinos that plan to open a sportsbook in Indiana include Horseshoe Southern in Elizabeth, Harrah’s Hoosier Park in Anderson, Rising Star Casino in Rising Star, Tropicana Evansville Casino, and Winner’s Circle locations in Clarksville and New Haven.

    An official launch date has not been set for those casinos.

    Is Online Sports Betting In Indiana Legal?

    A launch date for sports betting apps in Indiana is also still unclear. While mobile betting became legal on September 1, no state-licensed gaming facility has applied to offer it.

    Online sports wagering sites will have to be tethered to physical establishments, similar to how mobile sports betting works in New Jersey. Once those gaming facilities begin to offer mobile sports betting in Indiana, the apps and websites will be available anywhere in the state.

    You will be able to register to use those mobile platforms no matter where you are located in Indiana. They will require a bit of person information and will offer the same odds and wagering types as you would find in a retail sportsbook.

    What Types Of Sports Bets Can I Make In Indiana?

    All of the wagering types that were once exclusive to Nevada are now available in Indiana. Traditional sports bets such as moneylines, spreads, over/unders, futures, props, parlays, and more are available at any Indiana sportsbook.

    The types of sports you can bet on are also just as expansive. You can place a sports bet on the NFL, NBA, MLB, NHL, MLS, auto racing, boxing, tennis, etc.

    What may surprise sports bettors in the Hoosier State is the fact that collegiate sports betting, including bets made on teams in Indiana, are available for the taking. The NCAA has long opposed gambling on sports and is based in Indianapolis.

    However, the only power the NCAA has in this case is that they can ask the Indiana Gaming Commission (IGC) to ban wagers on certain events. They have to submit that request in advance and it is up to the IGC if they want to grant them that request.

    Live betting, or in-game wagering, is also available for both the current retail IN sportsbooks and for the upcoming mobile sports wagering apps. The only bets that are outright prohibited are those made on eSports and high school events. A full list of sporting events that are legal in Indiana can be found here.

    What Taxes Are Associated With Indiana Sports Betting?

    There are costs associated with the offering the activity on both the operator side and the sports bettor side.

    According to IN HB 1015 Indiana sports betting operators in the state will have to pay an initial license fee of $100,000 and an annual renewal fee of $50,000.

    A tax rate of 9.5% has been set for any adjusted gross revenue that Indiana sportsbooks generate. Of that percentage, 3.3% will go towards gambling addiction services while the rest will go into the state’s general fund.

    As for the sports bettor, you must report your sports wagering winnings at the time you file your taxes. This works just the same as when you have to report your casino earnings or any other gambling income.

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