A new study commissioned by several trade organizations shows that the state of Indiana could generate $500 million in gross revenue and more than $100 million in tax revenue per year by legalizing iGaming.
The study goes on to explain that since Indiana already has the infrastructure for digital sports betting in place, it could easily add iGaming. Indiana lawmakers legalized sports wagering in the spring of 2019 and launched operators later that year. Since go-live in September 2019, the state has collected nearly $44 million in tax dollars based on a 9.5% tax rate.
Industry groups support legislation for legal iGaming filed last week. HB 1356, sponsored by Representatives Douglas Gutwein and Ethan Manning, would tax iGaming at 18%, and there is traditionally a bigger consumer base for online casino than sports betting. A second bill, HB 1337, filed by Rep. Alan Morrison, calls for an 18% tax rate and an expansion of the gaming commission board from seven members to nine. Both bills were assigned to the Committee on Public Policy.
