Leading B2B Supplier GAN Welcomes Internet Gambling Legalization in Indiana

Being the 10th state which opened its doors to sports betting, Indiana officially legalized internet gambling as well. This is closely followed by Montana’s legislation of single-game wagering via the state lottery in the week behind us. The one welcoming this form of entertainment as certified in this state is no other than…

…the award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the US and Europe, GAN plc.

A Significant Contribution to the Industry

Being a state with 6.73 million residents, Indiana will give a valuable financial contribution, increasing the number of residents allowed to place wagers on sports online. As GAN anticipated, the company could handle serving one or more land-based operators in this state, using real money internet gaming technology…

…and ing services. The brand has a strong position to serve suppliers in Indiana. What proves so is the successful entrance in the NJ territory via Parx Casino, as well as an announced opening in Pennsylvania in the months to come.

Indiana’s Journey to Regulation

As numerous countries in the US, this state has been on and off with regulation. The first official hints appeared in February this year. The Bill 552 proposing the regulation was put before the Senate, with the idea to legislate sports wagering in the country. In addition to this, the same proposal aimed to allow a Gary casino license…

…to move across the state and have permission to open in Terre Haute. The Bill went to the State Governor, who officially approved the idea. As for the taxes, all licensed suppliers will have to pay a 9.5% tax rate on their gross revenue coming from sports betting. However, they will have to pay the amount on a monthly basis. The initial fee for the certificate will be $100,000 and each year an additional $50,000.

GAN is Ready to Serve

Ever since the US has started accepting sports and web-based gaming widely, this leading B2B supplier has been preparing to enter the markets. Substantial revenue surge which broke all the records only favors the fact that the company has a strong potential to succeed. As GAN’s CEO, Dermot Smurfit, pointed out:

“With ten States now having ed sports wagering laws in the US, we remain increasingly confident that more states will legalize as the regulatory cycle for sports gambling in the US continues to gain momentum. GAN has been preparing for sports gambling legalization since Q4 2017 and is ready to service casinos and sportsbooks as States legislation moves forward.”

The Company designed a proprietary internet gambling enterprise software system, GameSTACK™. The system is mainly licensed to land-based operators in the States as a turnkey technology solution for certified real-money web-based gambling. It encomes internet gaming, internet sports gaming as well as virtual simulated gaming.

Source:

“GAN Welcomes Regulation of Internet Gambling in Indiana”, George Miller, europeangaming.eu, May 14, 2019.