New report shows a 20% reduction in the projected Indiana online poker revenues following regulation, which has been put on hold by the lawmakers for the time being.
No iGaming bill will be introduced in Indiana in 2024 following a massive scandal involving a former Representative and a local gaming company, pushing back the hopes of legal online poker in the state by at least a couple of years.
Like similar legislation submitted for the last two years, HB 1536 failed to make it out of the House Committee on Public Policy.
Should HB 1536 win passage in the General Assembly, Indiana would be authorized to join a multi-state online poker compact like the MSIGA.
In an exclusive, iDEA Growth’s John Pappas said that if IN expands its iGaming options in 2023, several other states with only sports betting could follow suit.
In a 103-page report, Spectrum Gaming Group estimates that Indiana online casinos could generate $469 million in revenue during their first year in operation.
Colorado, Illinois, Indiana, & Iowa are projected to be the next four states where iGaming is legalized. Should that happen, US online casino revenue would reach $7.8 billion in 2025 — about twice that of sports betting.
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