WEBVTT 1 00:00:00.000 --> 00:00:04.871 >> HELLO AND WELCOME TO INSIDE INDIANA BUSINESS. I'M GERRY DICK. LEGAL SPORTS BETTING WENT INTO 2 00:00:04.871 --> 00:00:12.779 EFFECT THIS WEEK IN INDIANA. INDIANA GRAND CASINO BECAME THE FIRST CAESARS ENTERTAINMENT PROPERTY IN INDIANA TO OPEN A 3 00:00:12.779 --> 00:00:18.618 SPORTSBOOK, WHICH WILL MAKE THE CASINO IN SHELBYVILLE THE SECOND-LARGEST CAESARS ENTERTAINMENT PROPERTY BEHIND 4 00:00:18.618 --> 00:00:22.522 CAESARS PALACE IN LAS VEGAS. CASINOS IN EAST CHICAGO, MICHIGAN CITY, HAMMOND, LAWRENCEBURG, INDIANAPOLIS, 5 00:00:22.522 --> 00:00:28.128 FRENCH LICK AND FLORENCE ALSO GIVEN THE GREEN LIGHT TO OPEN SPORTS BOOKS. JOINING ME WITH MORE ON 6 00:00:28.128 --> 00:00:35.235 INDIANA'S FORAY INTO SPORTS BETTING AND WHAT IT MEANS, I'M PLEASED TO BE JOINED BY MATT BELL PRESIDENT & CEO CASINO 7 00:00:35.235 --> 00:00:44.277 ASSOCIATION OF INDIANA. WELCOME! >> THANKS SO MUCH FOR HAVING ME. >> BIG NEWS THIS WEEK. CERTAINLY SOMETHING THAT A LOT 8 00:00:44.277 --> 00:00:50.950 OF PEOPLE WERE ANTICIPATING. WHAT WAS THE REACTION IN WEEK ONE TO LEGALIZED SPORTS BETTING IN INDIANA? 9 00:00:50.950 --> 00:00:56.890 >> THE REACTION HAS BEEN TREMENDOUS EXCITEMENT BY THE HOOSIER CONSUMER. I THINK CLEARLY IT'S BEEN 10 00:00:56.890 --> 00:01:04.631 DEMONSTRATED THAT THERE'S A PENT-UP MARKET OF FOLKS WHO WANT TO FIND A WAY TO WAGER LEGALLY ON THE GAMES AND SPORTS AND 11 00:01:04.631 --> 00:01:13.907 EVENTS THAT THEY LOVE. WE'VE SEEN WONDERFUL CROWDS SHELBYVILLE, INDIANAPOLIS, EAST CHICAGO, AS WELL. 12 00:01:13.907 --> 00:01:22.015 IT'S AN EXCITING TIME FOR THE HOOSIER BETTER, AND A GREAT OPPORTUNITY TO ALLOW A REGULATED WAY TO WAGER ON THE SPORTS THEY 13 00:01:22.015 --> 00:01:28.855 LOVE. >> WE SAW IT OFFICIALLY KICK OFF LAST WEEK. GOVERNOR HOLCOMB PLACING INITIAL 14 00:01:28.855 --> 00:01:37.163 BETS IN SHELBYVILLE. AS YOU LOOK AT THE LOCATIONS, BECAUSE ESSENTIALLY YOU HAVE TO GO TO A LICENSED CASINO TO PLACE 15 00:01:37.163 --> 00:01:42.001 THE BETS. TALK ABOUT THE ROLLOUT. NOT EVERY CASINO IS OFFERING IT RIGHT NOW. 16 00:01:42.001 --> 00:01:48.374 BUT THAT ULTIMATELY AT LEAST FOR THE MOST PART WILL HAPPEN. >> IT WILL. WE BELIEVE IT WILL BE PRESENT AT 17 00:01:48.374 --> 00:01:53.980 EVERY INDIANA CASINO AND OFF-TRACK BETTING PARLOR ACROSS THE STATE. OUR PROPERTIES ARE DOING AN 18 00:01:53.980 --> 00:01:59.686 AMAZING JOB OF WORKING AGGRESSIVELY TO MAKE INVESTMENTS THAT GENERATE WORLD CLASS FACILITIES FOR THE HOOSIER 19 00:01:59.686 --> 00:02:07.527 CONSUMER TO COME AND ENJOY SPORTS WAGERING AMENITIES ON PAR WITH THINGS IN LAS VEGAS, ANYWHERE IN THE WORLD. 20 00:02:07.527 --> 00:02:16.870 AND WHAT HAS PREVENTED FOLKS FROM MOVING FASTER IS SIMPLY THE TASK OF CONSTRUCTING THE FACILITIES, MAKING SURE ALL THE 21 00:02:16.870 --> 00:02:22.842 LICENSING IS IN PLACE. IT'S BEEN A TREMENDOUS EFFORT ON BOTH THE PART OF STATE AND OPERATORS TO BE UP AND RUNNING 22 00:02:22.842 --> 00:02:28.414 IN ADVANCE OF THE NFL FOOTBALL SEASON. >> INDIANA WAS AGGRESSIVE IN MAKING THIS HAPPEN. 23 00:02:28.414 --> 00:02:35.321 WHAT IN YOUR VIEW, MATT, IS THE POTENTIAL FROM AN ECONOMIC STANDPOINT OF SPORTS BETTING IN INDIANA, INCLUDING THE POTENTIAL 24 00:02:35.321 --> 00:02:45.632 OF GETTING BETTORS WHO HAVE NOT YET LEGALIZED SPORTS BETTING. >> SIGNIFICANT. WE'LL SEE REVENU -- ADDITIONAL 25 00:02:45.632 --> 00:02:51.271 REVENUE OF MORE THAN $50 MILLION A YEAR. ONCE IT IS FULLY IMPLEMENTED, WHICH WILL INCLUDE MOBILE 26 00:02:51.271 --> 00:03:00.580 WAGERING IN INDIANA, COMING SOONER RATHER THAN LATER. WHAT I THINK SPORTS WAGERING OFFERS IS A NEW AMENITY, A NEW 27 00:03:00.580 --> 00:03:07.620 REASON FOR FOLKS TO EXPERIENCE THE WORLD CLASS PROPERTIES WE HAVE IN INDIANA, NEW OPPORTUNITY TO ENJOY THE TEAMS AND GAMES 28 00:03:07.620 --> 00:03:14.360 THEY LOVE SO VERY MUCH. WE THINK THAT WILL DRIVE INTEREST IN THOSE TEAMS, AND THOSE GAMES, THE BENEFIT WILL BE 29 00:03:14.360 --> 00:03:19.999 FELT BY FOLKS LIKE OUR INDIANAPOLIS COLTS, INDIANAPOLIS PACERS, EVEN OUR COLLEGES AND UNIVERSITIES. 30 00:03:19.999 --> 00:03:25.305 BECAUSE WE BELIEVE THE MARKET WILL DRIVE INCREASED VIEWERSHIP, THERE'S A LOT OF DATA SUPPORTS THAT. 31 00:03:25.305 --> 00:03:30.710 >> WHERE COULD THIS LEAD? YOU MENTIONED MOBILE BETTING, THAT IS GOING TO HAPPEN SOONER RATHER THAN LATER, IT IS NOT 32 00:03:30.710 --> 00:03:36.849 THERE YET. BUT WHAT ABOUT IN-GAME GAMBLING AND SPORTS BETTING, THOSE TYPES OF THINGS, ARE THOSE 33 00:03:36.849 --> 00:03:43.723 POSSIBILITIES, THE 500 BETTING, WHO IS LEADING A PARTICULAR L.A. IS THAT FEASIBLE, REASONABLE? >> INDIANA LEGISLATORS TOOK A 34 00:03:43.723 --> 00:03:51.331 HARD LOOK AT THAT AND DECIDED THAT IN FACT THEY WANTED TO GIVE OUR INDIANA GAMING COMMISSION THE ABILITY TO OFFER WAGERS. 35 00:03:51.331 --> 00:03:58.371 THOSE CAN TAKE DIFFERENT FORMS. PROBABLY THE MOST POPULAR WOULD BE ADJUSTING THE POINT SPREAD AT HALF TIME OF A GAME, BASKETBALL, 36 00:03:58.371 --> 00:04:05.478 OR FOOTBALL GAME, A WAY TO KEEP FOLKS WHO MAY HAVE PLACED A BET EARLY, AND THAT BET MAY NO LONGER BE FEASIBLE TO STAY 37 00:04:05.478 --> 00:04:12.151 ENGAGED IN THAT GAME AND THAT ACTION. ABSOLUTELY, THE DOOR IS OPEN TO THINGS LIKE WAGERING ON 38 00:04:12.151 --> 00:04:19.525 INTERMITTENT ACTION DURING THE INDIANAPOLIS 500. THE KEY BECOMES HAVING RELIABLE DATA, AND WE'VE GIVEN THAT 39 00:04:19.525 --> 00:04:27.033 RESPONSIBILITY TO THE INDIANA GAMING COMMISSION TO DETERMINE WHAT SOURCES OUR SPORTS BOOK OPERATORS CAN USE TO DETERMINE A 40 00:04:27.033 --> 00:04:31.804 BET. AND THEY'RE READY AND WILLING TO TAKE THAT RESPONSIBILITY. >> Gerry: WE ONLY HAVE 15 41 00:04:31.804 --> 00:04:37.910 SECONDS, OTHER NEIGHBORING STATES ARE GOING TO ULTIMATELY BE IN INDIANA HAVE AN ADVANTAGE BEING AT ONE OF THE FIRST OUT 42 00:04:37.910 --> 00:04:43.449 THERE IN THE MARKETPLACE? >> ONCE AGAIN, INDIANA LEADS IN THE MIDWEST. THAT IS A CREDIT TO INDIANA 43 00:04:43.449 --> 00:04:49.489 OPERATORS, A CREDIT TO INDIANA REGULATORS. THEY PUT FORTH A WORLD CLASS SET OF REGULATIONS, PUSHED OUR 44 00:04:49.489 --> 00:04:54.627 OPERATORS TO INVEST AGGRESSIVELY AND LICENSED AGGRESSIVELY AND ROSE TO THE CHALLENGE. IT IS A WIN FOR INDIANA. 45 00:04:54.627 --> 00:04:57.263 >> Gerry: WILL BE INTERESTING TO WATCH THIS DEVELOP.