Indiana Officially Bans Sweepstakes Casinos as Gov. Braun Signs HB 1052

Indiana has officially moved to ban sweepstakes casinos. Gov. Mike Braun recently signed House Bill 1052, effectively making the "gold coins” and "sweeps coins” used by virtual platforms a no-go in the Hoosier State.

Operators have long argued that because these sweepstakes casinos use a dual-currency model and allow "free” play, they don not constitute gambling. Indiana lawmakers disagreed, deciding that if a game looks, spins, and pays out like a slot machine, it should not dodge state oversight or taxation.

Inside HB 1052: New definitions and penalties

Under the statute, operators caught violating the rules face civil penalties of $100,000 per violation.

The Social Gaming Leadership Alliance (SGLA) criticized the move. In a statement, Managing Director Sean Ostrow expressed frustration while highlighting the industry’s economic potential.

"We are disappointed that HB 1052 has become law but are grateful to the many Indiana lawmakers who engaged thoughtfully on the merits of regulating this long-standing industry,” Ostrow said.

Despite the outcome, the legislative record shows meaningful bipartisan support for a smarter approach that embraces innovation and economic growth.”

Ostrow added that the SGLA hopes to work with the state on a framework that protects the "hundreds of thousands of Hoosiers” who play these games while generating "tens of millions in annual tax revenue.”

Market outlook: 2027 projections and public sentiment

Clearing out unregulated competition might seem like a win for industry giants like DraftKings and FanDuel, but the reality for the Indiana market is mixed.
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