Indiana Legalizes Sports Betting, Joins 9 Other States

May 08, 2019 06:06 PM EDT
Credit:

Brian Spurlock-USA TODAY Sports. Pictured: Lucas Oil Stadium

  • The Indiana governor signed a sports betting bill into law on Wednesday.
  • The Hoosier State will offer full mobile wagering and becomes the 10th state overall to make the move toward legal betting.

Indiana Governor Eric Holcomb signed a sports betting bill into law on Wednesday, becoming the 10th state to offer legal wagering.

The law will go into effect in July.

The bill includes a full mobile offering — bettors can register for an account and place wagers on a their phones, so long as they are within the state’s borders.

These rules are very similar to what we’ve seen adopted in New Jersey, which has drawn the most betting volume of any state outside of Nevada, thanks to mobile betting.

Nearly 80% of Jersey’s $2.32 billion sports wagering handle to date has come via mobile devices.

In May 2018, the U.S. Supreme Court overturned the federal ban on sports betting. The following states are now legal: Indiana, Nevada, New Jersey, Indiana, Rhode Island, West Virginia, Pennsylvania, Delaware, Mississippi, New Mexico and Montana — which just passed a bill last Friday.

There are sports betting bills on the desks of the governors in Iowa and Tennessee. Governor Bill Lee in Tennessee has said that he won’t veto the bill and will let it become law without his signature. Iowa Governor Kim Reynolds remains uncommitted — one way or another — on the bill.

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