Indiana to launch sport betting in time for NFL season

Indiana to launch sport betting in time for NFL season


CAUGHT UP WITH THE GOVERNOR WHO DOES NOT A. TO BE WORRIED. CRAIG: IOWA HAS LAUNCHED ONLINE BETTING IN INDIANA IS UP AND RUNNING AN EARLY SEPTEMBER BUT THE ONLINE GAMING BOARD IS WORKING ON RULES. ALL BETS ARE OFF AS TO WHEN THAT WORK WILL BE DONE. THE BEARS AND HACKERS WILL KICK OFF THIS SEASON ON THURSDAY, SEPTEMBER 5 BUT FANS WHO WANT TO PLUNK DOWN A LEGAL BET WILL HAVE TO HEAD TO INDIANA. HORSESHOE CASINO PLANS TO OPEN THE BOOK JUST IN TIME FOR THE GAME. THE 5000 SQUARE-FOOT SPORTS BETTING FACILITY IS STILL UNDER CONSTRUCTION, BUT RENDERINGS SHOW WHAT IT WILL LOOK LIKE WITH SIX COUNTERS AND A WALL FULL OF TV’S AND A LOUNGE.>>REMEMBER, INDIANA ALSO STARTED BEFORE WE DID. THEY PASS THEIR BILL BEFORE WE DID. I’M NOT WORRIED ABOUT THEM GETTING UP AND GOING. YOU KNOW, WEEKS OR MAYBE A COUPLE OF MONTHS BEFORE WE GET IT GOING. REPORTER: THE GAMING INDUSTRY ESTIMATES THAT AMERICANS ILLEGALLY WAGER $150 BILLION ON SPORTS EVERY YEAR AND ANOTHER $5 BILLION LEGALLY. WHILE THE ILLINOIS GAMING BOARD SCRAMBLES TO DRAFT THE RULES WITH NO TIMEFRAME SET FOR WHEN IT WILL BE DONE, ILLINOIS STANDS TO LOSE OUT TO NEIGHBORING STATES. IT’S A GAMBLE THE GOVERNOR IS WILLING TO TAKE.>>>>WHAT IS IMPORTANT IS THAT WE GET IT RIGHT, THAT WE DO IT RIGHT AND THERE IS INTEGRITY IN THE PROCESS. CRAIG: ALSO STILL ON NOT IN THE CARDS — A COMPROMISE FOR A CASINO IN CHICAGO. A RECENT STUDY SHOWS THAT THE 72% TAX RATE WAS TOO ONEROUS FOR INVESTORS TO MAKE ENOUGH MONEY. PRITZKER WAS ASKED OF CHICAGO NEEDS TO BE WILLING TO TAKE A SMALLER CUT.>> I THINK EVERYBODY IS GOT TO LOOK AT THIS — REMEMBER, THERE IS A COMMON INTEREST IN MAKING SURE THAT WE GET THIS RIGHT. SO, I THINK EVERYBODY IS GOING TO BE REASONABLE AND RATIONAL IN ORDER TO GET THERE. CRAIG:

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