Using the same method for deposits and withdrawals works best. Several, but not all, of those options can also be used for withdrawals. How to Deposit and Withdraw from Indiana Sports Betting Sitesĭeposit options vary by Indiana sportsbook app, but most include credit/debit card, prepaid card, E-wallet such as PayPal or Neteller, online banking, wire transfer and PayNearMe. For information on commission members, meetings, licensing procedures and monthly sports betting and revenue statistical reports, go to in.gov/igc. The commission has seven members, all appointed by the Governor to staggered three-year terms. The Indiana Gaming Commission regulates gambling in the state, including all forms of sports betting. Who Regulates Sports Betting Sites in Indiana? Indiana’s $100,000 initial license fee and $50,000 annual renewal fees are also operator-friendly. In Michigan, the tax rate ranges from 8.4 to 11.4%. By comparison, Illinois sports betting apps pay a 15% tax rate. Indiana online sports betting operators pay a reasonable tax rate of 9.5% of gross gaming revenue.
Indiana Legal Online Sports Betting Tax Rate
