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Iowa, Indiana, Tennessee Move Closer To Legal Sports Betting

All eyes on these three central states, which could usher in complete mobile markets

Brett Smiley by Brett Smiley
April 23, 2019
in Regulation
Shutterstock

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After a somewhat sleepy and uneventful winter and early spring on the sports betting legislation front, lawmakers have awoken with a stir in several central U.S. states as session deadlines loom.

While Montana lawmakers were first to pass new legislation to reach their governor’s desk, Iowa followed suit this week with a more traditional, modern model as seen in Nevada and New Jersey, the two most developed, mobile-friendly markets today in the United States. (Although NJ is not yet a toddler in baby years, the market took notes from Nevada and has already generated a betting handle of $372 million in March — over 80% from mobile/web wagering — not far off the current record $387 mm in January 2019.)

In addition to Iowa, which now only needs the governor’s signature, both Indiana and Tennessee will square up against final hurdles in the coming days. Here’s the current snapshot for each state.

Iowa, Indiana, Tennessee sports betting status checks

Iowa state capitol building (Shutterstock)

Iowa

Size of market: There’s 3.16 mm Iowa residents, an estimated $4 billion betting handle to be brought into regulated markets, and 19 active casinos scattered all across the state, some of which are not far from Minnesota, Illinois, Missouri, Nebraska, the latter three of which are having active discussions about legal sports betting, but only Missouri and Illinois with a real possibility of getting the job done in 2019. All 19 of those properties would be eligible to obtain an Iowa sports betting certificate.

Where they’re at: The bill HF 748 only needs Republican Governor Kim Reynolds’ signature after the companion Senate version passed last week.

Latest on Iowa #sportsbetting: Governor tells @KCCINews this morning when asked if Iowans support legalizing the activity: "That's what we will take into consideration. When I sit down with the policy team and go through the bill, and we will make the decision going forward."

— Brian Pempus (@brianpempus) April 23, 2019

A very good piece of legislation. Well done! https://t.co/jffU4GI7tb

— Sara Slane (@Sara_Slane) April 23, 2019

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Iowa’s legalized sports gambling bill is going to be signed into law by Gov Reynolds later this week. In Iowa, you will be able to legally bet on football this fall.

It is completely mindless that so many Minnesota politicians are blocking the same law from passing here.

— Representative Pat Garofalo (@PatGarofalo) April 23, 2019

Bill highlights and how they got here: Last year the Iowa legislature had a fair amount of discussion, and this year’s debate included all the usual stakeholders, involved five subcommittees and hundreds of hours of effort from various lawmakers, chief among them State Rep. Bobby Kaufmann.

β€œI think we are kidding ourselves if we think we can make this [illegal sports betting] go away [without regulation],” Kaufmann said before the chamber voted 67-31 to pass the bill. β€œDoing nothing is not an option. Sticking our head in the sand is not an option. Hoping that people get help when they are placing bets in dark alleys with bookies whose collection method is a threat to kneecap you isn’t good for anybody.”

The state tax rate on gross sports wagering revenue would be 6.75%, which would tie Nevada for lowest in the nation. An amendment for a requirement for a controversial β€œofficial league data” was withdrawn during the final hours.

The Iowa state lottery made a pitch/plea to become the regulatory body for sports betting, but the bill at hand gives that authority to the Β Iowa Racing and Gaming Commission.

Sessions adjourns: May 3.

Indiana:

Update: The bill passed both chambers at the 11th hour on Wednesday. It’s headed to Governor Eric Holcomb’s desk.

Size of market: There’s 6.7 mm Indianans and 14 casinos in the Hoosier State: land-based and commercial riverboats, racinos, and one tribal casino. The possible new construction of casinos in Gary and Terre Haute, contemplated in this legislation, has proven one of the major sticking points slowing things down and potentially dooming the bill, of which legal Indiana sports betting is just one component.

Where they’re at: In February, after the Indiana Senate passed this so-called β€œhistoric” piece of gambling legislation given its scale, SB 522, and the conversation then entered the House, where it was expected to and indeed did receive more resistance. However on Monday during conference committee, the House, which had stripped mobile sports betting in its vote in favor on April 15, agreed to allow it back in. Why? Consider the estimated impact on sports betting handle (and extrapolate tax dollars and dollars captured by regulated markets with consumer protections, and consider New Jersey’s mobile market):

  • Without mobile: $3 billion in annual wagering
  • With mobile: $6.5 billion in annual wagering

Indiana lawmaker says #sportsbetting legislation needs to have mobile wagering provisions reinserted. "We're better than Mississippi," he says of the Magnolia State's sports betting, which has b&m books but no statewide mobile. pic.twitter.com/CWR6pHX4iD

— Brian Pempus (@brianpempus) April 15, 2019

β€œIf you have sports betting without a mobile app platform, you don’t really have a very usable tool,” said Rep. Mark Messmer on Monday, per CBS Indy.

The new language on mobile sports betting is not (yet) publicly available at the time of this writing, so it’s unclear how many β€œskins” or online betting brands each licensee may be able to offer. Likewise it is not yet known whether remote registration for sports betting accounts would be permitted, as it is in New Jersey and will be soon in Pennsylvania.

How they got here: Indiana was the first in 2018 to see the introduction of a legal sports betting bill — a complete β€œleague bill” and birthplace of the integrity fee — sponsored by Rep. Alan Morrison, pictured above referencing Mississippi’s flagging, mobile-less model. It quickly died. In 2019, the Senate changed course after spending the offseason listening to stakeholders during informational hearings. The gaming bill has become a priority for some in the Senate — with a ride through the House the real hurdle.

What’s next: A vote on the bill with mobile betting provisions reinserted may come as soon as Wednesday or perhaps Thursday or Friday of this week. If all goes right, retail sportsbooks could be ready or at least temporary facilities open in time for football season.

Sessions adjourns: April 29, but the governor may have extra time on it. Clock’s ticking.

Tennessee:

Update: On Wednesday in Nashville, Tennessee lawmakers voted 58-37 to approve a sports betting bill, sending it to the Senate for consideration, a major step forward in the legislative process.

Update 2:

JUST IN: Tennessee Senate approves the nation's first ever mobile-only sports betting bill, a week after House voted to approve it. Vote was 19-12. Legislation close to becoming law. Needs governor's signature.

— Brian Pempus (@brianpempus) April 30, 2019

Size of market: The state is home to 6.77 mm residents. Tennessee law currently does allow daily fantasy sports contests, as of 2016. There are no casinos in the state, which makes this all the more interesting and positions Tennessee to become the first state to license mobile-only operators, separate from needing a casino partnership/channel.

Where they’re at: Both the House (HB1) and Senate (SB16) versions are working their way through their respective chambers. The House version has cleared two committees and awaits a full vote before the full House on Wednesday, the bill’s champion needing time to whip votes, possibly. The Senate version is still in committee.

In case you missed it: Sponsor of the Tennessee #sportsbetting bill (pictured) last night asked the House to move the bill to Wednesday's calendar. Vote expected then. pic.twitter.com/bbqLRdw6Fy

— Brian Pempus (@brianpempus) April 23, 2019

How they got here: Β Tennessee is one of 2019’s surprises on the legislation front as a β€œnon-gaming” state comprised of more conservative legislators and many constituents opposed to gambling on religious grounds. But there’s a lot of (projected) tax revenue at stake with the latest bill version imposing a $750k licensure fee and a tax rate of 20% of gross sports betting revenue, triple Iowa’s but still 16% less than Pennsylvania’s.

What’s next: Several of our sources and some observers opining publicly are quite optimistic, some cautiously so, others calling it a coin flip. In a word, maybe.

I'm hearing mixed reviews from stakeholders on this house vote. Some say 50/50 at best, some point to the easy pass for DFS bill and think most undecideds will vote in favor. Either way, if you live in TN please call or email your reps. I actually had one call me back last night! https://t.co/IpskHWLokG

— Cal Spears (@CalSpears) April 23, 2019

Sessions adjourns: May 15.

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Brett Smiley

Brett Smiley

Brett Smiley is editor-in-chief and co-founder of Sports Handle, which joined forces with the US Bets team in November 2018. He focuses on the sports betting industry and legislation. He's a recreational sports bettor and DFS player himself, focusing on the NFL. In a past life, Smiley practiced commercial litigation in New York City and previously wrote for FOX Sports and SI.com. He lives in New Jersey with his family.

This site contains commercial content. We may be compensated for the links provided on this page. The content on this page is for informational purposes only.

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