PointsBet Indiana Launch Imminent
PointsBet will go into its third state when it launches a mobile sportsbook in Indiana…read more
Legal Sports Betting is now live in the state of Indiana and bettors in the Hoosier State can bet Online, via their mobile or even in person at any of the state’s authorized casinos.
We take an in depth look at what are the best Sports betting apps to use in Indiana. No need to register in a Casino, you can download and join any of the operators straight from your mobile.
Such familiar names as FanDuel and DraftKings are expected to be big players in the state of Indiana. The pair of fantasy heavyweights are already dominating the market in New Jersey, where 85% of betting originates online. That they already possess significant user bases for DFS gives them a head start over other operators.
That hasn’t deterred other entrants into the online market, though, and it’s not hard to envisage a situation in the near future when Indiana bettors have as much choice as those in the Garden State, where as many as 16 mobile & online sportsbooks are now operating with more on the way. Many of these already have long-term partnerships with the parent companies of Indiana casinos.
BetRivers was early to the online sports betting market and was actually the joint-first to launch in Indiana. BetRivers lets you wager on all of your favorites like the NFL, NBA, MLB, Premier League, Golf, The Oscars, etc. As far as promotions are concerned, Indiana bettors enjoy a lucrative rewards program, deposit match bonuses, odds boosts, and more.
FanDuel partnered with Boyd Gaming to bring its popular sportsbooks to Indiana. Bettors can utilize the FanDuel mobile app, available on iOS and Android devices, or by accessing the sportsbook through a web browser. It is really easy to place bets with FanDuel and they offer traditional odds on the most popular sporting events.
DraftKings is known for its fantasy sports gaming and offers a great online betting experience. It offers traditional odds and live wagering on all major sporting events. They also have a feature called Flash Bets feature boasts unmatched wagering speed and specificity.
Partnered with: Horseshoe Hammond.
Partnered with Penn National.
Partnered with: Tropicana Evansville.
BetAmerica went live with online sports betting on December 30th, 2019. The sportsbook is easy to navigate with easily viewable odds, live betting, and regular promotional offerings to add extra value.
Two entry points into the market via deals with Eldorado Resorts (who run Tropicana Evansville) and Penn National (Hollywood Casino Lawrenceburg).
Partnered with Penn National.
It was all made possible by the Supreme Court’s decision in May 2019 to strike down a federal law (PASPA) that prohibited sports betting, deeming it unconstitutional in a 6-3 decision.
That federal law had essentially limited sports betting to one state – Nevada – for 25 years and lawmakers in several states have since seized the opportunity to legalize activities, giving bettors a safer alternative to shady offshore books – and bring in some much needed tax revenue of course.
The first retail sportsbooks went live on September 1, with the first bets being placed by Gov. Holcomb. Incidentally, the Governor’s bets were one on the Colts and Pacers to win their respective championships, and another on the Indiana Fever (WNBA) to win their contest that night (they lost).
The Hollywood Casino Lawrenceburg was the first casino to open the doors to its sportsbook on September 1 – 13 more have since followed suit and below is a full list.
In order to be able to offer sports betting in Indiana, Sportsbook providers in the state needed to partner with land-based entities. Indiana law allows for each sportsbook that holds a license to host up to three “skins,” or unique/separate online brands under its operation.
A total of 19 different sports have been approved by the IGC for wagering, and they include the following:
If you are interested in mobile sports betting it is worth your while downloading the app from your sportsbook of choice. Please remember that you can download an app from anywhere, but you will need to be in Indiana to bet.
The Google Play Store do not have betting apps available due to strict protocols. However, you can just download the app directly from the sportsbook website. You will then need to register for an account with the app once it has downloaded. This comprises of a few mandatory fields such as name, age, location, email address etc. You will be required to verify you are who you say you are and then you will be good to go.
The download process is a little bit easier for those who own an iPhone or iPad. Most sportsbooks will have an iOS app that is available to download from the app store. The registration process will be the same as the one outlined above for Android users.
Each sportsbook will have its own payment methods, but there are often ones you will find are commonly used by the majority. You will need to add funds into your account to start betting with, and you will see methods to do this such as:
It is just a case of each individual player choosing the best most convenient payment method for them. Make sure to read the terms and conditions, each sportsbook will have a detailed information page for all monetary transactions.
So, you are all set up, have money in your account and are ready to bet. If you are used to sports betting, you will know what you want to bet on and will find whatever market you are interested in very easily.
There are different types of bet available such as moneyline (who will win), betting a point spread, futures (who will win a division or championship, for example), and proposition bets (Will Russell Wilson throw for 4 touchdowns in a game).
Bettors often really like to explore the live in-play betting feature, which basically means you can bet on a game whilst it is still going on. The good news is Indiana sportsbooks have this option ready and available to use.
Here are the rules that bettors must abide by to legally place a sports bet in Indiana:
Now that sports betting is legal in Indiana, what is the potential of the market in terms of revenue and what will bettors be able to place a wager on? Well, with a population of more than 6 million people, there definitely a huge opportunity here.
It is anticipated that the handle in the state could eventually range from $3 billion to $6 billion annually, but this would depend on other factors such as what surrounding states do in terms of legalizing wagering and how the market takes off. Neighboring Chicago hasn’t yet started, even though Illinois has legalized sports betting.
Michigan joined the list of states that have legalized sports betting at the end of 2019. The state plans to roll out MI sports betting gradually though. There is not much competition beyond that, other states relatively close by have yet to legalize sports betting so Indiana could be set to benefit.
In terms of the choice of markets or teams’ bettors will have to place a wager on, there should be plenty of interest. They will have available to them:
You will be able to place bets on loads of different sports in the state, including basketball, baseball, hockey, soccer, football and golf. There will also be international markets open as well, for sports like cricket.
There would have to be a further change in the law to allow this as the 2019 gambling bill only legalized sports betting. Watch this space for further updates on legalized poker in Indiana.
Lawmakers set the tax rate on adjusted gross sports betting revenue at just 9.5%, which is a friendly rate to operators, who consider anything around 10% to be workable. Only Nevada is lower at 6.75% and it’s as high as 36% and 51% in Pennsylvania and Rhode Island respectively.
The fees for an operator license are also reasonable at $100,000, with a $50,000 annual renewal fee.
That should ensure plenty of healthy competition among operators and the revenue collected will go to the state’s general fund for education, prisons, health care, state parks and more.
Hopefully, that’s covered any questions you might have relating to online/mobile sports betting in Indiana – but feel free to hit us up with anything you like on Twitter or get in touch.
It sure is! Most Sportsbooks will have an app which you can download which are easy to use, or a mobile site that you can bet on directly.
The state’s Casinos, racetracks, and off-track betting parlors all have a sports betting license so you can bet there. You can also wager online as well as on mobile devices.
The Indiana Gaming Commission (IGC) oversees both live and online sportsbooks.
Yes, it sure is. It has been legal since September 2019, with online betting joining the month after.
You have to be physically located in Indiana to be able to bet there. You don’t need to be a resident to play, you can download the app from anywhere then travel into the state to bet as people often do who live close to New Jersey.