Land Based Gambling
In the US you will find that each state comes with different rules and regulations. Many states have a lenient approach towards gambling activities, choosing to embrace it. Indiana is considered a more conservative Midwestern state slow to add gambling avenues.
That being said, you will find widespread gambling within the state. Unlike most other states Indiana didn’t start with horseracing. Instead, this state chose to legalise the lottery first from there Bingo, racing and off-track betting following.
Now there are legal casinos spread across the state too. When casinos were first legalised they were bound to the waters much like the laws of Illinois. The Riverboat casinos were the only casinos allowed but later on, casinos were able to run through racetracks.
Indiana might be slow to the party but they are moving towards becoming a more progressive gambling state. The most recent addition to their legal gambling forms was sports betting and online sports betting. While they remain closed off to online gambling at the current stage the massive success of the sports betting sector could lead to a change of heart.
Gambling brings in an estimated $3,800,000,000 in revenue per year. With online sports betting added to the equation the revenue numbers will only grow in the next few years.
According to reports, the online sportsbook of Indiana made a record of $170,800,000 in bets in January 2020, which is a 9.5% increase from December. The adjusted gross revenue from these bets were $12,500,000, which yielded $1,200,000 in tax revenue for the state. This is a single month of betting revenue from online sports betting.
With online sports betting proving to be a rapid revenue booster there is hope that the state could ease up on laws and regulations. And soon add new legislation to open the market to more online gambling activities. That being said it can be quite a while as the state’s near-monopoly of the online sports betting industry in the Midwest has them saturated for the current time. Change is good but in Indiana all good things take time.