Bloomberg Tax
April 25, 2019, 3:49 PM

Indiana Assembly Passes Sports Betting Bill With 9.5 Percent Tax

Alex Ebert
Alex Ebert
Staff Correspondent

Indiana is close to becoming the latest state to legalize and tax sports betting.

The Indiana House and Senate April 24 passed H.B. 1015 , which would open the state’s gambling centers to betting on professional and collegiate sports. Gov. Eric Holcomb’s (R) office is reviewing the bill and won’t comment on whether he’ll sign it, spokesperson Rachel Hoffmeyer said in an April 25 email.

The state estimates the bill’s 9.5 percent sports betting tax could raise roughly $12 million annually. The provision was sandwiched into a large casino, racetrack, and riverboat gaming overhaul that could net Indiana nearly $100 ...