Indiana Sports Betting: NeoGames License Application Under Scrutiny

Indiana Sports Betting: NeoGames License Application Under Scrutiny


Others expressed their concerns that the application review process for NeoGames, which provides iGaming and sports betting solutions, was taking an unusually long time, while the executive director of the regulatory agency raised questions about the legitimacy of the fact that one of the company’s owners is from Tel Aviv.

A lot of people believe that this might spell the end of NeoGames’ Indiana license, but others disagree.

Caesars Sportsbook uses NeoGames as its player account management (PAM) services provider in the state of Indiana. NeoGames is now functioning in this state. Since the meeting that the regulator held on March 9, neither NeoGames nor Caesars have officially addressed the concerns that IGC has raised.

During the discussion, it became clear that the problem has not been fixed in the three years since the application was first sent.

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What had transpired was that NeoGames had been granted a provisional license three months after the initial application, and the review process has essentially been ongoing ever since, given that a full license had never been granted.

The present objective of the regulatory body is to put out a well-defined action plan prior to June, which is when NeoGames’ continued temporary license will be terminated.

As a result, a permanent license for NeoGames is not only difficult to come by, but it now appears to have an even smaller chance of ever being given.

But, at least in theory, there is still a chance to move forward because Indiana’s gambling regulator’s concerns about the company have not been resolved since the application, and the problem was brought up again. Yet, the plans that NeoGames has in store are not entirely transparent.

In the meantime, Indiana’s gaming business is facing its own set of problems. Several studies point to Ohio as the most likely culprit behind the decrease in betting handles that occurred in January.

Sports Betting is Booming in Indiana and Ohio

The Hoosier State took in $427,2 million in bets after its activities in Ohio went online. This was because more people wanted to bet and went to Ohio’s facilities. The results for January 2022 exceeded the mark of $500 million, turning out to be a record-breaking achievement for the state.

Yet, when compared to the $431.4 million that was recorded in December 2022, the figure for January 2023 wasn’t all that terrible, showing only roughly a percentage-point decline.

This means that even though Ohio was able to attract a lot of players to its online launch, the fact that more people can now enjoy their favorite hobby shows that the news might still be good for the industry as a whole.

Despite this, many people were satisfied with how Ohio’s January results turned out. Given that this was almost the first month that sports betting was allowed in the state, Ohio’s $1.1 billion handle in sports betting was incredibly encouraging news for the future of the market in Buckeye State.

It should come as no surprise that almost 99.1% of that revenue came from mobile sports betting; this industry is clearly the engine that drives the state’s economy.

So, it should not come as a surprise that of the 33 states (and the District of Columbia) that have legalized sports betting, 24 states (and the District of Columbia) provide mobile sports betting.

The states of Nebraska, Florida, and Maine are currently making preparations to launch sports wagering, and once again, two of the three states are also planning to launch online, with Nebraska being the only state to hold back at this time.

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About Lou De Aguila

Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time.