Indiana Senate approves sports betting, casino moves
The legislation would legalize sports wagering, let horse-track casinos add table games this year as opposed to waiting until 2021 and allow two Gary casinos to move.
The legislation would legalize sports wagering, let horse-track casinos add table games this year as opposed to waiting until 2021 and allow two Gary casinos to move.
Spectacle Entertainment—a company founded by some of the same investors that operated Centaur before it was purchased by Caesars Entertainment—is in the process of buying Gary-based Majestic Star Casino I and Majestic Star Casino. It has said it wants to move one of the casinos to the Interstate 80/94 corridor and the other to Terre Haute.
Caesars owns four of Indiana’s highest-revenue casinos and any sale would need approval from the Indiana Gaming Commission and Indiana Horse Racing Commission.
One of Gary’s two casino licenses could be allowed to operate at any location in Indiana under new legislation. A previous bill limited the casino move to Vigo County.
Senate Bill 552, authored by Jasper Republican Mark Messmer and Terre Haute Republican Jon Ford, would allow the casinos in Gary to relocate, accelerate when horse-track casinos could begin offering live table games and legalize sports gambling.
The bill, filed by Republican Sens. Mark Messmer and Jon Ford, covers a wide range of gambling issues expected to be debated this year.
Several states—but not Indiana—moved to authorize online gambling after an Obama administration decision appeared to allow it. Now, the Justice Department is reversing that opinion.
The Indiana General Assembly is likely to consider a proposal that would allow Gary’s two casino licenses to be relocated this year—one would stay in Gary, while the other could move to another city in the state.
IBJ reporter Lindsey Erdody talks with host Mason King about the sports gambling legislation that will be considered in the Indiana House and Senate this year, including the many details that could complicate passage.
Hate-crimes legislation and increasing teacher pay might be the big talking points at the Indiana Statehouse this session, but it’s a safe bet that gambling will stir up a few debates, too.
Returns in states that have already approved of sports betting have been modest so far. And experts say revenue is likely to be diluted overall as more and more states jump into the game.
The court in a unanimous ruling rejected the claims of former players Akeem Daniels and Cameron Stingily of Northern Illinois University and Nick Stoner of Indiana University, who argued the companies violated their right of publicity.
The Mega Millions jackpot is expected to hit $1.6 billion Tuesday, making it the biggest lottery prize in U.S. history.
The state interim Committee on Public Policy voted unanimously Friday afternoon to recommend the General Assembly consider legislation that allows sports gambling. But it left big details up to lawmakers.
The report commissioned by the Indiana Gaming Commission recommended that lawmakers take action during the 2019 session, saying the risks of delaying it “clearly outweigh the rewards.”
Rules that prevent organizations from providing even small compensation to the volunteers running their charitable games make it hard for these all-volunteer groups to stay in business.
The Catholic fraternal service chapter has held some kind of charity gaming license since 1993. This is the first time the group's been scrutinized by regulators.
The six-story addition will add 56 guestrooms and a sports bar to the southern Indiana tourist destination.
In late July, the Indiana Gaming Commission entered into a two-year contract with Eilers & Krejcik Gaming LLC, a market analysis firm specializing in the nation’s burgeoning sports wagering industry.
The Indianapolis-based NCAA plans to study how the expansion of legalized betting could affect college athletics and member schools.