Lawmakers in the state of Indiana are making a push to legalize online casino gambling after a state representative introduced a bill regarding the activity.
The bill is formally known as House Bill 1406 and was introduced by Rep. Alan Morrison. It would legalize online casino gaming and would see master gaming licenses held by land casinos in the Hoosier State with sub-licenses available to offer skinned brands. Each master license would have a $500,000 upfront fee and then a $50,000 annual fee. Skin licenses would have a $100,000 upfront fee and a $25,000 annual renewal fee afterward.
Taxes would be 18% on adjusted gross revenues, which is higher than the 9.5% rate for sports betting revenues. It's believed that tax revenues for the state could generate between $8.6 million and $17.2 million in its first year.
A sister bill is being introduced in the Senate will be introduced by Senator Jon Ford at some point.
We're following this story and will be updating readers as we learn more.