Indiana Gaming Commission releases iGaming study

(PRESS RELEASE) -- The Indiana Gaming Commission released its long-awaited iGaming study, in conjunction with Spectrum Gaming Group. “Market and Policy Analysis: Prospective Internet Casino Gaming in Indiana” examines legalized iGaming’s potential revenue impact on Indiana and on land-based gaming. It also looks at other states that have legalized iGaming, with a focus on New Jersey, Michigan and Pennsylvania.

Key findings include:

• Sports betting and iGaming create synergies that increase overall revenues for each vertical.
• iGaming would not negatively impact Indiana casino revenues.
• Live dealer games would create new jobs without threatening existing casino dealer jobs.
• Operator revenue could reach more than $830 million by year three.

The study also looked at three potential tax rates (20%, 30% and 45%) with annual state tax revenues ranging from more than $160 million to more than $370 million, depending on the tax structure, by year three.