Since 2018, when the United States Supreme Court lifted the federal ban, the sports betting industry has taken off. Multiple states wasted very little time in legalizing sports betting, and that included the state of Indiana.
The Midwest portion of the country has turned into a hotbed of sports betting markets. Indiana was among the first states in that part of the country to allow wagering. Indiana has since been passed by some other states in the Midwest. However, this is still a terrific sports betting market.
Sports betting has been legal and live in the state since 2019, and there has been significant growth in the market since that time. Both online and retail sports betting are available in the state. There are several options for each type of sports betting.
Basketball is the most popular sport with Indiana sports bettors, but there are plenty of other sports betting options to choose from.
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History Behind Legal Sports Betting in Indiana
Indiana was one of the first states to explore legalizing sports betting in 2019. There was plenty of support behind the new industry. After a bill quickly made its way through the state legislature, House Bill 1015 was signed into law in May 2019.
The Indiana Gaming Commission didn’t waste much time at all in legalizing sports betting, as the first sportsbooks went live just a few months later. To this day, the state is still near the top of the list when it comes to going from legal to live.
Indiana sports betting was once the clear leader in the Midwest portion of the United States. However, that is no longer the case. The sports betting rules are pretty favorable for both the sports bettor and the sportsbook operators.
Not only can sportsbooks offer betting on professional sporting events, but betting on college events is allowed as well. The sports betting tax rate in Indiana is low. So, sportsbook operators in the state are more inclined to offer big welcome bonuses and promotions.
Financial History Behind Legal Sports Betting
The sports betting numbers in the state of Indiana were not immediately impressive, but things started to turn around in a big way. As more and more sportsbooks launched in Indiana, the total sports betting handle and revenue numbers just kept climbing.
The total sports betting handle since September 2019 in Indiana is now over the $10.9 billion mark, and it will go over $11 billion right away in 2019. The total sports betting revenue through January 2023 now sits at over $909 million, and that is another number that will only continue to improve.
The national hold rate for sports betting throughout the country is between 7-8 percent, but sportsbooks in Indiana have performed better than that, as they have won 8.3% of all bets made since September 2019.
Sports betting was ultimately legalized as a way to find a new source of revenue, and the amount of tax dollars brought in has been impressive. Indiana has brought in over $86 million in tax revenue through legal sports betting.
Sportsbook Apps in Indiana
When online sports betting officially launched in the state back on October 3, 2019, two different mobile sportsbook apps launched. Those two companies included BetRivers and DraftKings, but it wasn’t long before they were joined by other options.
By the end of 2020, there were seven mobile sportsbook apps available in the state. Now, that number has grown to more than a dozen. One reason that Indiana has continued to put up impressive sports betting numbers is the fact that this market just continues to get bigger.
2022 was a relatively slow year for growth in the Indiana online sports betting market as there were just two new options that emerged. You should expect to see similar numbers in 2023, but a couple of sportsbook operators have already confirmed gaining access to the state.
Here is a complete list of mobile sportsbook apps available in Indiana as of November 2023:
- Bally Bet
- BetMGM Sportsbook
- Caesars Sports
- DraftKings Sportsbook
- ESPN Bet
- FanDuel Sportsbook
- Hard Rock Sportsbook
- SBK Sportsbook
Welcome bonuses are available at most online sportsbooks including BetMGM, Caesars, DraftKings, and Hard Rock. Just like with many other states with online sports betting, DraftKings and FanDuel Sportsbook continue to control the market. Indiana has seen some online sports betting operators leave the market over the last few years, but all of the biggest names in the industry remain. Online sportsbooks that left Indiana include TwinSpires, WynnBet, MaximBet, and TheScore.
Retail Locations to Bet on Sports in Indiana
When retail sports betting kicked things off in the state, there were plenty of locations that offered betting right away. Retail betting can be offered at a variety of different types of places in Indiana, and all of them can offer a full and wide range of sports betting.
The types of businesses that can offer retail sports betting in Indiana include casinos, racetracks, off-track betting sites, and riverboats. These retail sportsbooks are scattered throughout the state, giving people from throughout Indiana the chance to make a wager on a sporting event.
These retail sportsbook locations are typically run by a large sports betting operator as the local business has partnered with one of these companies. Some sportsbook operators have multiple partners in the state, allowing them to offer bets in different places.
- Ameristar Casino East Chicago
- Bally’s Evansville
- Belterra Casino Resort
- Blue Chip Casino
- Caesars Southern Indiana
- French Lick Resort Casino
- Hard Rock Casino Northern Indiana
- Harrah’s Hoosier Park
- Hollywood Casino Lawrenceburg
- Horseshoe Casino Hammond
- Indiana Grand Casino
- Rising Star Casino Resort
- Winner’s Circle OTB Clarksville
- Winner’s Circle Pub, Grille and OTB, Indianapolis
- Winner’s Circle Brew, Pub and OTB, New Haven
The Indiana gambling law does allow for more casino expansion, and some projects are going on throughout the state. When those new casinos do open up, that will add to the sports betting options that can be found throughout the state.
Sports Teams to Bet on in Indiana
The National Football League tends to dominate the betting action throughout the country, and Indiana is home to an NFL team. This state is known to love basketball, though, and there is also an NBA team that is extremely popular with sports fans.
The Indiana Pacers are the most popular team throughout the state as they are the local NBA team. The Pacers always have some impressive attendance numbers, and that team tends to drive sports betting.
The Indianapolis Colts are the hometown NFL team, and sportsbooks in the state accept plenty of wagers on this team during each NFL season. The Colts were a bigger draw when they had Peyton Manning at quarterback, as things haven’t always gone well of late.
Since betting on college sporting events is legal in the state of Indiana, sportsbooks are also able to cash in on NCAA wagers. College football and college basketball are the biggest draws, and three schools are the most popular in the state.
The Notre Dame Fighting Irish are one of the most storied college football programs in the country, and that team will attract plenty of wagers. Notre Dame is independent when it comes to football, but they are in the ACC for other sports.
The other two popular college programs both compete in the Big Ten Conference, and there is a great rivalry on the football field and basketball court. Those two teams would include the Purdue Boilermakers and Indiana Hoosiers, and it’s always a huge matchup when they take the court against one another.
FAQ for betting in Indiana
When did sports betting launch in Indiana?
The first retail sportsbook in Indiana officially launched in September 2019. Online sports betting became a legal option in October 2019 as the first mobile sportsbook app went live.
What is the legal gambling age in Indiana?
The legal gambling age in the state of Indiana is 21.
Is mobile sports betting legal in Indiana?
Yes, online or mobile sports betting is legal in the state of Indiana and has been since October 2019. Nearly all of the wagers that are placed in Indiana are done through an online sportsbook or mobile app.
Can I place a wager on Indiana college sports teams?
Yes, sportsbooks in Indiana can accept wagers on collegiate sporting events. Sportsbooks can also accept wagers on in-state college teams, and that’s not the case throughout the United States.
Are there any Indiana promotions or bonuses available?
Yes, sportsbooks located in the state have some sort of bonus or promotion available. The biggest bonuses are typically handed out to new customers with the best wagers offered through the mobile sportsbook apps.