Indiana's ban on online sweepstakes casinos using a dual-currency model took effect on Wednesday after House Bill 1052 became law, prompting many of the industry's largest operators to stop offering redeemable sweepstakes games in the state.
Indiana implemented a ban on online sweepstakes casinos that utilize a dual-currency system, leading to the exit of major operators following the enactment of House Bill 1052. The law specifically targets platforms offering sweepstakes casino-style games using Gold Coins and Sweeps Coins, which can be exchanged for cash prizes.
The new legislation effectively prohibits online platforms in Indiana from hosting sweepstakes games that involve the use of two different currencies for gameplay and prize redemption. This move has resulted in a significant number of leading sweepstakes casino operators ceasing their services in the state to comply with the updated regulations.
