INDIANAPOLIS (WOWO): His official announcement isn‘t scheduled until next Saturday, but Congressman Todd Young has already said he will run for the U.S. Senate.

Young‘s campaign released a YouTube video announcing his entry into the race for Dan Coats‘s Senate seat, making him the third Republican to seek the nomination. Young, 42, has represented the 9th Congressional District that runs from south of Indy to the Kentucky state line since 2010.

“Everything in my life, I owe to God, my family, the Naval Academy and the Marine Corps. And the best way I can think of to give back is to ensure that every Hoosier family enjoys a better future,” Young said at the end of the video filled with endorsements from his wife, parents and others. The video was released just days after Young‘s campaign teased “a very special campaign announcement” to take place July 18.

Coats is retiring at the end of his term, and many Republicans – notably two former chairmen of the State Republican Party – were holding off on announcing support for a particular GOP candidate until Young made a decision on getting into the race. Young‘s campaign had just announced he had raised $1 million over the previous quarter, and he is the only one of the three current candidates to release campaign finance reports that are due by Wednesday.

Young is running against Eric Holcomb, the former state Republican Party chairman who had been chief of staff of Coats‘s Indiana office, and fellow Congressman Marlin Stutzman, who is expected to garner support from the tea party wing of the party.

The only Democrat in the Senate race is Baron Hill, whom Young defeated for his Congressional seat almost five years ago.