Governor Holcomb signs gaming bill into law
INDIANAPOLIS, Ind. — Governor Eric Holcomb has signed Indiana’s gaming bill into law.
The new law, among other things, legalizes sports betting in the Hoosier state, including mobile gambling.
It also allows a new casino to open in Terre Haute, and a Gary casino to move further inland.
It’s been estimated that illegal sports betting is a $300 million industry in Indiana. One representative pointed out that Indiana is the capital of the NCAA, and several professional sports teams, like the Colts and Pacers, also call the city home. Legalizing sports betting essentially gives the state a way to control and collect money from it.
Those 21 and over will be able to legally gamble on sports beginning in July, when the law goes into effect.
Governor Holcomb released the following statement after signing the bill.
“Gaming is a highly regulated industry that once had little competition, but now does from surrounding states and new technology. By modernizing our laws, this legislation will spur positive economic growth for our state and for an industry that employs over 11,000 Hoosiers. Additionally, it will bring in new revenue and create hundreds of new jobs – both permanent and in construction. I will direct the Indiana Gaming Commission to monitor for potential effects of this bill so that we can make necessary changes in future legislative sessions.”