Indiana Online Sports Betting Launches In Time For MLB Playoffs

indiana mobile betting draftkings

Indiana legalized sports betting on May 8, 2019, allowing the practice to take place at any of the state’s 13 riverboat casino venues. Less than four months later, on September 1, the first wagers were accepted.

Now, online sports betting is finally in play, too.

On Thursday, right in time for the heart of the NFL season and the start of the 2019 MLB playoffs, Indiana casinos were formally enabled to offer their gambling patrons betting odds over the Internet.

Though the approval for online gambling was in the text of SB 552 passed earlier this year, it’s taken several months for Indiana to set up a regulatory rubric to oversee that aspect of the industry.

Fortunately, it’s been worth the wait, as Indiana’s mobile betting situation appears to be reasonably customer friendly. While some states require bettors to be on the physical premises of a given gaming venue to participate in their mobile betting options, Indiana law allows for bettors to wager from anywhere in the state.

The typical KYC (Know Your Customer) and geo-fencing hurdles are in play in Indiana, with the latter being in line with the Interstate Wire Act of 1961.

In order to use online betting apps, Indiana customers will have to prove that they’re at least 21 years old and are physically located inside the state’s borders. Luckily, the technology for this is reasonably mature and shouldn’t be a hindrance to the rollout of the industry.

Currently, all of the established Indiana casinos are planning to offer mobile sports betting apps, but book launches will be staggered. The bigger companies, like DraftKings and Rush Street Gaming, are first in line.

Richard Schwartz, president of Rush Street Interactive, explained that the company’s primary goal is to attract Indiana-based bettors.

The vast majority of [Rush Street] marketing will be targeted to people within the state who are going to have access to begin playing with us as soon as they’re interested.

But thanks to the reach of mobile, that audience might extend to gamblers in nearby cities outside of Indiana, like Cincinnati and Chicago. Sports bettors from these areas could simply drive across the border into Indiana, use their chosen books’ apps to verify their locations, and place wagers freely.

As Indiana is the first state to offer sports wagering in the Midwest, their mobile implementation should attract this outside clientele. After all, such is the case in New Jersey, and there’s no reason the model won’t see a successful parallel in Indiana.

That said, mobile sports betting is just a small piece of the puzzle.

All of Indiana’s casinos intend to offer online sports betting eventually, but one thing they can’t offer any time soon is legal online casino gaming or poker.

Many industry analysts view these latter pastimes as the real reasons behind the rise in domestically regulated Internet-based sports wagering, as traditional gambling has a much higher margin.

By successfully offering online sports betting, Indiana hopes to convince its legislators to draft rules for and approve online casino gaming. It’s a long-haul proposition, but with Thursday’s developments, Indiana is well on its way.

Nevertheless, it could be years before Indiana and most other states offer their own legitimate online casinos. The barriers are higher, and regulators are far more wary of digital slots and table games than they are of sports betting.

As is commonplace in the context of US gambling laws, however, Indiana legislators have not addressed external competition in structuring their state statutes. For example, despite legalizing land-based and domestic online sports betting, Indiana did not simultaneously bar offshore casino gambling or sports wagering.

The logistics of doing so are possibly prohibitive, but until the state is able to keep all Indiana betting inside Indiana, local venues and online operations will continue to lose out to bigger and better options offshore.

Today, if you want to wager on sports online in the Hoosier State, you can do so with a local provider. However, if you want to enjoy any other kind of casino or cardroom action, you’ll need to see what the unregulated market has to offer.

And right now, that unregulated market is much bigger and much better.

NJ Allows NBA Betting At Golden Nugget Despite Owner’s Team Stake

golden nugget nba betting

In May 2018, New Jersey made history as the winning party in the Supreme Court case that led to the overturn of the Professional and Amateur Sports Protection Act (PASPA, 1992).

Last week, some 15 months later, New Jersey is again making history. This time, the Garden State has set a new standard on transparency that has positive implications for the entire American gambling market.

On Friday, September 13, New Jersey Gov. Phil Murphy (D) signed A-5463 (aka S-3972) into law.

Here’s why that matters.

For more than a year, gamblers and sports bettors in New Jersey have not been allowed to wager on NBA games at the Golden Nugget Atlantic City.

Now, with the passage of A-5463, that’s finally changing.

Of course, this entire episode might sound like a curious and unfair exclusion. All the other casinos and racinos in the Garden State have had NBA betting since Day One, after all. So what’s the deal?

Well, the Golden Nugget is owned by Texas billionaire Tilman Fertitta, who also owns the NBA’s Houston Rockets franchise.

As a result, even as the rest of the AC Strip, The Meadowlands, and Monmouth Park welcomed sports betting and profited immensely from the pastime, the Golden Nugget was left without professional basketball wagering thanks to that potential conflict of interest.

And though football commands the lion’s share of sports betting action in the US, a lot of money is also bet on NBA games. Overall, the league sees billions of dollars of betting handle nationwide, second only to the NFL and collegiate football. In other words, the Golden Nugget has lost out on a non-trivial amount of money.

For anyone paying attention to the legal casino industry in the United States, it’s interesting that this development took as long as it did, particularly given the scope of most professional team owners’ portfolios.

That said, perceived conflicts of interest go hand-in-hand with discussions about legitimacy, and the latter is of chief importance for casinos looking to maintain good faith with both their local governments and clientele.

In this context, it makes sense that it took New Jersey over a year to clarify the state’s stance on the Golden Nugget’s ownership status and gambling eligibility.

The new rules, per A-5463, as fairly straightforward: If a casino owner also owns at least 10 percent of a professional sports team, his or her casino may take bets on the sport in which their team is a member club. However, the casino may not take bets on games involving the specific team in question.

Thus, Golden Nugget patrons can now wager on NBA action, though they will not be allowed to bet on any Rockets games. Given that Houston is 1600 miles from Atlantic City, that shouldn’t be a big deal.

What is a big deal, however, is what the new law means going forward.

While it only affects casinos and racinos in New Jersey, states have a tendency to model their own US gambling laws on other states’ legislation, and that could have huge implications for other teams and owners going forward.

Indeed, the two highest-profile team owners in America – Jerry Jones of the Dallas Cowboys and Robert Kraft of the New England Patriots – also have gambling interests. In fact, Jones’ hospitality company is looking to actively develop an Arkansas casino, which is doubly relevant given that Arkansas’ first legal sports bets were taken just last week.

All in all, team owners (or partial team owners) having stakes in casino enterprises isn’t uncommon. Boston Celtics partial owner Gary Loveman sits on the Caesars Entertainment Board of Directors, while the Maloof family – who previously owned the Sacramento Kings and had various casino interests – now own a part of the Vegas Golden Knights (and may pursue new casino ownership in the future).

Heck, the Mohegan Tribe owns the Connecticut Sun of the WNBA, and the team plays its home games at the Mohegan Sun casino.

If New Jersey’s A-5463 has legs and is adopted by more municipalities in the future, the Garden State may have planted yet another seed that’s here to stay.

Maryland On Its Way to Passing Online Casinos and Sports Betting

Maryland Dying Casino Industry

Expanded forms of gambling are coming to Maryland via pending bills in the state legislature but is the state ready?

New enterprises in Maryland often take a long time to come to fruition. A law permitting casinos in the state has been on the book for eleven years. However, success for land-based casinos in MD come few and far between and now a new enemy threatens these physical venues – online casino gambling platforms licensed domestically, and offshore.

The geography of the state has not made getting Marylandians out of their house to one of the six casinos offered easy. The state’s population is split in two by the Chesapeake which divides the community, where the most significant share resides in the Washington-Baltimore area.

The state has long tried to raise attendance by expanding forms of gaming allowed in these legitimate casinos. At first, only electronic games like video poker and slots were permitted. In 2012, the state expanded their allowed casino gaming list to include table games like poker, roulette, and blackjack. Through examining the first seven years of Maryland’s casino operations, we can see a steady revenue stream and gaming tax revenue allocation of $1.7 billion to the state’s Education Trust Fund.

Some critics, economic experts, and lawmakers’ reason that while physical casino has not produced the same wealth of success it has in other states, online applications could remedy some of these attendance and spending issues. The idea is that online casinos licensed and regulated by the state of Maryland would reach people in rural areas too far to reach any of the six-current land-based casinos.

Nearby states like New Jersey and Pennsylvania have seen their gambling revenue increase dramatically once online gaming was legalized and introduced.

Maryland is not just betting on online casino gambling to improve its revenue and attendance. The state has also considered a bill introduced in February of 2019 which would allow the Maryland Lottery to oversee sports gambling operations.

However, the likeliness of expanded gambling coming via legislature and seeing swift implementation is zero to none as the state’s voters approved of a measure which only allowed commercial gambling expansion to go on the ballot. In that case, Marylandians looking for legal online casino gambling right now can enjoy licensed offshore online legitimate casinos.