Study committee will take up sports gambling in Indiana

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(WTHR) — An interim committee on public policy will study sports gambling in the state.

The committee will determine what types of financial impacts sports gambling will have on governmental entities as well as the gaming industry.

The study will also make a determination as to what kinds of consequences sports gambling will have on professional and collegiate sports.

On Monday, the Supreme Court struck down a law that effectively banned commercial sports betting in most states, according to the New York Times.

The law the decision overturned — the Professional and Amateur Sports Protection Act — banned states from allowing sports gambling and has opened the door to legalizing the $150 billion industry.

Among the bill's sponsors were Senator Bill Bradley, Democrat of New Jersey and a former college and professional basketball star.

The committee plans to study the effects of sports betting this summer.