Indiana regulator hedges bet on regulated sports wagering

The Indiana Gaming Commission (IGC) has taken a step back from the sports wagering frenzy that has swept many U.S. states this year to get a clearer picture of the game’s full potential in the state.

According to The Statehouse File report, the Indiana state regulator has tapped market advisory firm Eilers & Krejcik Gaming LLC in late July to conduct a full study on the impact of sports betting in the states.

The state reportedly agree to pay Eilers & Krejcik with $74,999 over a two-year period for the sports betting research, including the game’s fiscal impact estimates and policy considerations. Eilers & Krejcik was given an “aggressive timeline” to work on their market research.

IGC Executive Director Sara Gonso Tait said the state regulator took the services of Eilers & Krejcik upon the recommendation of their counterparts in West Virginia, where sports betting is regulated since May. The negotiations between Eilers & Krejcik began in June and was only finalized last month.