HomePublicationsNewsletter ArchiveVolume 25Issue 24HOUSE REGULATORY REFORM COMMITTEE HOLDS HEARING ON SPORTS WAGERING BILLS

On Tuesday, September 10, 2019, the House Regulatory Reform Committee held a hearing and heard testimony concerning the sports wagering bill package (HB 4916-4918).  Rep. Brandt Iden (R-District 61), the sponsor of the primary bill, HB 4916, testified to the committee, noting that Indiana’s sports wagering is up and running and that consumers will go where there are more options.  He noted that the bill currently contemplates using official league data to certify that in-play wagers can be based upon accurate and certified information.  Rep. Iden indicated that the current tax rate for sports wagering is 8%, which is competitive with other jurisdictions that have passed sports wagering legislation.  The committee raised questions about the tax rate and whether the Governor would require a higher tax rate.  Rep. Iden indicated that he is in contact with the Governor’s office and that he will come to a resolution with them before advancing the bill out of the House Ways and Means Committee for a floor vote.  His goal is to try and get legislation passed and to have sports betting up and running in time for the Super Bowl.

The Regulatory Reform Committee only heard testimony on the package of bills and did not hold a vote.  It has scheduled another meeting on Tuesday, September 17, 2019, to consider the package of bills, where if successfully voted upon will then go to the House Ways and Means Committee, chaired by Rep. Iden.  The Ways and Means Committee will also have to consider and vote out the package of bills before they advance to the House floor for consideration.

 

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