With so much buzz in the Indiana gambling industry, online casinos are still a notable absentee. Indiana is a state which amasses nearly $1 billion annually in tax revenue from gambling, though a significant portion is from retail gambling.
Indiana witnessed a paradigm shift when lawmakers legalized sports betting in the state. This should be seen as a positive cue for Indiana to launch regulated online casinos to make the state gambling heaven.
Of course, we'll see to it and keep you posted about all the updates, but you cannot play real money casinos in Indiana for now. If you’ve still got the itch for casino games, you can legally play at one of the many social casinos until online casinos become legal.
Everything but online casinos is happening in Indiana, with many folks asking: When will online casinos be legal in Indiana?
If we were fortune tellers, we might say that you can expect online casinos to become legal relatively soon because of the success that online sports betting has brought to the state.
Sen. Jon Ford emerged as the flagbearer and presented the bill SB 417 that talks about legalizing online casinos in Indiana. This bill would license Land-based casinos and racetracks to offer online casinos in Indiana.
This bill was presented on the 11th of January.
Sen Ford anticipated that once online casinos are regulated in Indiana, they would generate $45-60 million per year.
Presented by Senator Ford, this bill would ask brick and mortar casinos and racinos to pay $500,000 for the gaming license if they wish to host online casinos.
They also have to pay $50,000 for the renewal of the license annually.
Casinos and racinos are given the freedom to tie up with up to three online brands to provide online casinos.
Sportsbooks and Internet gaming operators need to pay $100,000 for an initial license and $25,000 for the annual renewal of the license.
All the revenue earned by these casinos and racinos is taxable at 18%.
Once this bill gets sanctioned, legal online casinos would be regulated in Indiana; however, it's pretty hard at the moment to give a timeline for it. With the 20-21 legislation session already over, we can expect this bill to pass in 2022 at the earliest.
Land-based casinos are in abundance in Indiana. Indiana has a range of riverboats, racetracks, and tribal casinos that are open 24/7. The following are the most popular casinos in the state:
Though offshore casino sites accept players from Indiana, none of them are regulated by state laws. Someone looking to adopt a 'Safety First' approach should not sign up for these sites.
In Social Casinos, you have an equally exciting alternative to online casinos, where you can flaunt your gambling skills and even win some real cash! That is not all; these casinos don't even ask for any monetary considerations from the players. The tournaments, leagues, and contests organized by social casinos are free to play. These sites have devised a modus operandi that extends them a legal blanket.
These casinos provide virtual currencies to the players, which they can use to join leagues and contests.
While a fair chunk of this virtual currency is offered as a joining bonus, players can earn the same by winning contests and giveaways. Alternatively, players can also write to the casinos requesting them to give them these sweep coins.
Online poker, including Video poker
Texas Hold 'em
With sweepstakes casinos already hosting a massive collection of casino games, it would be reasonably easy for the online casinos to launch their websites with various games straight away because most players would be accustomed to playing those games.
Yes, there is a solid reason to believe that online casinos will provide their respective mobile apps. Mobile apps come with the benefits of extra convenience; players can play anytime right from their smartphones, no matter where they are within the state. Staying within the state's boundaries is essential, as these online casino websites use geo-positioning technology to trace the players' physical location.
Mobile Apps would be available for both iOS and Android at the website of the operator.
Though not saturated, the online casino market is highly competitive; the operators always drive more customers before their competitors run away with their potential customers.
In this quest, they offer massive joining offers for new players. We can expect the operators to provide the following types of sign up offers:
The defining factor that most States are reluctant to gambling is the bad habits and practices people develop. People cannot quit gambling, but they cannot because they are addicted to it; this is called problem gambling.
Indiana, fortunately, has already provisioned for it; the state spends a portion of the revenue from gambling to provide various resources on the Indiana Problem Gambling Help website to help problem gamblers.
Those looking forward to freeing themselves from the clutches of gambling can take help from resources like self-assessment tests and information about warning signs that warn you about the borderline.
Contact information for treatment facilities Contact Information of the various state-run and public recreational centers and support groups.