A former Senate budget writer said the hit to the state budget could be bigger than during the Great Recession, when state revenue dropped 15% over two years.
At nearly every turn, Rod Ratcliff or his companies or his associates have run into questions and concerns about the way they interact with the public officials who make the rules associated with the industry.
The XFL is baking sports betting into its operations as a crucial part of the recipe. Indiana is one of at least nine state where gambling regulators have approved wagering on XFL games.
Indiana Gov. Eric Holcomb on Monday said he backs the Indiana Gaming Commission’s probe into casino executives who have been implicated in a federal campaign finance scheme. The investigation has delayed action on a proposed new Indiana casino.
The Indiana Gaming Commission on Tuesday gave the final approval to Harrah’s Hoosier Park in Anderson and Indiana Grand Racing and Casino in Shelbyville to launch live-dealer table games.
The $91.7 million that Indiana sportsbooks accepted last month is almost triple the amount wagered in September when sports betting became legal.
Participants at the forum cautioned that while the industry is growing quickly, the high cost of acquiring customers and promoting a new business could lead to some current operators failing.
PlayUSA.com Network, a news and research organization that follows sports gambling and operates PlayNJ.com and PlayIndiana.com, called the first-month data “impressive.”
Indiana Grand Racing & Casino in Shelbyville, Ameristar Casino in East Chicago and Hollywood Casino in Lawrenceburg opened their sports books Sunday, the first day they were allowed by law.
The Indiana Gaming Commission voted Wednesday to allow the operator of Gary’s two casinos to relocate the properties inland, setting up the possibility for a casino near Terre Haute.
Indiana will become the 12th state—and the first in the midst of major Midwest markets—with sports betting when a new state law takes effect Sunday.
Indiana casinos are racing ahead with preparations to launch legalized sports betting in early September, looking to seize an advantage over competitors in Chicago and other nearby large markets where such wagers aren’t yet allowed.
At the Winner’s Circle in downtown Indianapolis, Caesars will add extra bar seating and televisions. It also is adding an activity area with cornhole boards and shuffleboard to create more of a sports-bar-like atmosphere.
Indiana casinos will compete effectively against a slew of new casino sites in Illinois, Gov. Eric Holcomb said Monday.
Eldorado Resorts Inc. announced Monday that it plans to buy Las Vegas-based Caesars Entertainment Corp., creating the largest gambling operator in the United States—and in Indiana.
By year's end, legalization is possible in a dozen states in the Northeast and Midwest. But most states in the Deep South and far West are staying on the sidelines, at least for now.