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Indiana House advances bill proposing sweepstakes casino ban

Regulation

Indiana’s House advanced HB1052 after its second reading and ordered the bill engrossed, according to the report. The proposal would ban sweepstakes games using dual- or multi-currency systems, allow civil penalties of up to $100,000 per violation and take effect on 1 July if approved; it now faces a third reading.

If approved, the proposal would ban specified sweepstakes systems and permit civil penalties for violations.

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Regulation

ARB Interactive CEO urges Indiana to regulate and tax sweepstakes gaming

ARB Interactive co-founder and CEO Patrick Fechtmeyer urged Indiana lawmakers to regulate and tax sweepstakes gaming rather than ban it, according to his remarks reported on 18 February. He said a framework proposed with the Social Gaming Leadership Alliance would register operators, charge a fee and apply sales tax to virtual currency purchases; the group estimates the model could generate more than $20 million annually for the state.

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