Indiana sports betting went live in the fall of 2019, and the state has seen plenty of action since legalizing both retail and mobile sports wagering. The Indiana Gaming Commission regulates the sports betting industry in the state, and the state is a hotbed for both sports and sports betting.
There are many terrific sports betting options in Indiana, with more on the way soon. This article will explain how to bet on sports in Indiana as well as highlight some of the best places to bet on sports in Indiana.
What does Indiana sports betting look like?
Brick and mortar sportsbooks first opened in September 2019, with mobile betting launching in October 2019. The tax rate on all sports betting revenue is set at 9.5 percent of all gross revenue.
Only existing land-based casinos or a company partnering with a casino can apply for a sports betting license. Wagering on esports is currently prohibited in Indiana.
What Sports Can you Bet on in Indiana?
The Indiana Gaming Commission has legalized sportsbooks in Indiana to offer sports betting on a wide range of sports. The major professional sports in the United States are obviously included, but other less popular international sporting events are also allowed.
Here is a list of sports you can bet on Indiana:
- Baseball: MLB, NCAA Division I, Minor League Baseball
- Basketball: NBA, NCAA Division I Basketball, Euro League
- Hockey: NHL, Minor League Professional Hockey, NCAA Division I
- Football: NFL, CFL, XFL, NCAA FBS
- Soccer: MLS, EPL, UEFA Champions League, World Cup
- Tennis: WTA, ATP
- Golf: PGA, LPGA, FedEx Cup, Ryder Cup
- Motorsports: NASCAR, Formula One, Indycar
- Boxing: Bouts commissioned by several boxing organizations
- MMA-UFC, Bellator
- Cricket-Various leagues
- Rugby-Various leagues from around the world
- Aussie Rules Football
- Olympic Sports-Varies by sport
This is not a complete list of sports offered in Indiana, but these are the most common. It’s important to check with each individual sportsbook to find a complete list of the sports that they feature.
For a complete list of all sports approved by the Indiana Gaming Commission, check out this link.
Different Betting Options in Indiana
The Indiana Gaming Commission has given sportsbooks in Indiana plenty of freedom in the different types of bets that they can offer. Different sports will offer different betting opportunities, but there are several betting options that are common for all sports. Here are a few of the kinds of bets that can be placed in Indiana.
We will use a matchup between the Indiana Pacers (favorites) and the Chicago Bulls (underdogs) to explain several of the betting options.
A moneyline bet is the simplest bet to understand, and it is a common bet that is placed on a wide range of sports. A moneyline bet simply requires the bettor to pick the winner of a particular matchup.
Sportsbooks will adjust the odds depending on the probability of a certain outcome, and the payouts will likely be much different depending on which side you choose. An example of a moneyline looks like this:
- Indiana Pacers -145
- Chicago Bulls +165
This means that it would take a $145 bet on the Pacers to win $100, while a $100 bet on the Bulls will win $165.
Betting against the spread is most common in football and basketball games, but it is usually offered for other sports as well. Indiana sportsbooks will give points to the underdog to make a bet more competitive. The bettor then gets to choose which team will cover the spread. A spread bet might look something like this:
- Indiana Pacers -4.5
- Chicago Bulls +4.5
In this bet, the Pacers would have to win the basketball game by at least five points to win the bet. The Bulls just must keep the final score within four points if they lose to make it a successful wager.
A total bet is a little bit different from the first two betting options because it deals with the total amount of points scored in a contest rather than the winner or loser. This is another type of bet that is extremely popular in basketball and football games, but baseball and hockey games will feature this option as well. An example:
Indiana Pacers vs. Chicago Bulls
- Over 221.5 Points
- Under 221.5 Points
If the two teams combine to score at least 222 points, then the over hits, but 221 points or less means that the under hits.
A future bet is a wager placed on an event that will happen sometime at a later date. Future bets are popular because there is a chance for a large payout if making a correct pick, but it’s not easy to predict the future. Here are a few examples of common futures bets that are offered by sportsbooks:
- Odds to win the NCAA Men’s Basketball Championship
- Odds to win NBA Finals
- Odds to Win Stanley Cup
- Odds to win NFL MVP
- Odds to win Heisman Trophy
A parlay is a bet that combines several individual wagers into one. The potential payout increases with each wager that is included, but the odds of winning that parlay become less.
Bettors can build a parlay using any of the different types of bets offered above, but some sportsbooks will set limits on the minimum or maximum amount of bets that can be combined.
A teaser bet is a form of parlay, but you can “buy” additional points to help increase your chances of winning. There is a better chance of winning a teaser bet over a straight parlay, but the payouts are not as great.
Prop betting became extremely popular during the Super Bowl, but it has now spilled over into other sports as well. This form of betting focuses on individual player statistics or some other random event occurring at a sporting event.
Most sportsbooks reserve prop betting for major sporting events, but some will offer it on regular-season games.
It took the Indiana Gaming Commission some additional time in allowing live betting to take place, but sportsbooks can now offer this incredibly popular form of betting. Live betting is available on almost all of the betting options offered above, with sportsbooks adjusting the odds in real-time. Live betting is extremely popular through the use of Indiana sports betting apps.
Best Places to Bet on Sports in Indiana
Indiana sportsbooks began taking bets in September of 2019, and there were several locations that were up and running right away. Other casinos took longer to launch sports betting, but there are now 15 locations that offer brick and mortar sports betting in the state.
Indiana sports betting online launched less than a month later, but it has been a much slower moving process. There are just six sportsbooks apps currently live in Indiana, but several more are on the way. Expect this list to get close to 10 by the end of 2020.
Casinos, racetracks, and off-track betting parlors were able to apply for a sports betting license according to the Indiana Gaming Commission, and there are currently 15 sites that offer legal sports betting in the state. All of these locations were forced to partner with a sports betting company of some sort to launch a sportsbook. Here is a list of the 15 locations as well as the partners that are running their sports betting operations.
Caesars Sports has currently locked up the most partnerships with locations in Indiana, although several of these locations are currently on the smaller side. They run the sports betting scene at three different Winner’s Circle locations in Clarksville, Indianapolis, and New Haven.
They have also partnered with four large casinos. These casinos are Horseshoe Hammond Casino, Horseshoe Southern Indiana Hotel & Casino, and Indiana Grand Racing & Casino, Harrah’s Hoosier Park.
FanDuel Sportsbook is partnered with both the Belterra Casino Resort and the Blue Chip Casino.
The six other retail locations in Indiana that are legalized to offer sports betting are as follows (partners in parentheses):
- Ameristar Casino Resort (DraftKings Sportsbook)
- French Lick Resort Casino (Rush Street Interactive)
- Hollywood Casino Lawrenceburg (Kambi)
- Majestic Star Casino (USA Sports Gaming)
- Rising Star Casino Resort (BetAmerica)
- Tropicana Evansville Casino (William Hill)
There are currently six online sportsbooks up and running in the state, with several more expected to join soon. All sportsbooks have to partner with existing casinos or racetracks in some way to obtain a license.
Several off-track betting sites have formed a partnership with online sports betting companies to allow them the opportunity to launch in this growing market.
DraftKings Sportsbook and BetRivers were the first to offer an online sportsbook in the state of Indiana, going live on Oct. 3, 2019. FanDuel Sportsbook was able to launch on Oct. 26, 2019, making the market even more competitive.
BetAmerica was the next online sportsbook to launch, joining the market on Dec. 30, 2019. BetMGM launched its online sportsbook in Indiana on Feb. 25, 2020. PointsBet was the latest online sportsbook in the state, opening up on March 6, 2020.
These are some of the biggest online sportsbook providers in the world, and Indiana is expected to see more big names join the market soon. Fox Bet, William Hill, and Caesars Sportsbooks have all secured licenses to launch online sportsbooks in Indiana, but launch dates have yet to be set.
All of these sportsbooks offer terrific bonuses and promotion opportunities as they try to secure more business. Expect these bonus offers to get even bigger and better as more and more sportsbooks launch.
All of the current online sportsbooks in Indiana have mobile apps available for download on both Android and iOS devices, making it possible to bet from anywhere in the state.
The Indiana Gaming Commission is currently reviewing other applications, and more sportsbooks are expected to be approved in the coming months.
How to Sign Up to Place Bets in Indiana
One of the easiest ways to sign up to place bets on sports in Indiana is to visit one of the retail locations in the state that offers sports betting. These locations will not require you to create an account to bet, and you can start wagering as long as you are of legal age.
If you plan to bet on sports in Indiana through a mobile device or online, you will first have to choose an Indiana sports betting app. Once you have chosen the site or app that you are comfortable with, you will then need to create a sports betting account.
The sign-up process is extremely simple for almost all sportsbooks in the state, and it takes less than 10 minutes. After creating your account, the next step will be to deposit some money into your account so that you have some money to bet with. From there, you can choose the sport and game that you wish to bet on.
Remember that you do not have to be a resident of Indiana to create an account at an online sportsbook, but location services will have to be turned on to ensure that you are trying to bet from within state lines.
Legal Sports Betting Age in Indiana
The legal betting age to place a bet on sports in Indiana is 21 years of age.
Indiana Sports Betting – Frequently Asked Questions
This article helped explain how to bet on sports in Indiana, but this section will give a quick overview of how the sports betting industry works. If you still have some questions about sports betting in Indiana, these questions should provide some answers.
Do you have to live in Indiana to bet online?
No, you do not have to live in Indiana to bet on sports online. In fact, the state sees plenty of action from residents of other states.
The only restriction is that you have to be physically located in the state at the time you place any bets on sports. Mobile devices will require the use of location services to ensure that you are within state boundaries.
Can I bet on teams from Indiana?
Yes, sports betting in Indiana allows you to bet on both professional and college teams from the state. Several states around the country have prohibited betting on collegiate teams are events in the state, but that isn’t the case in Indiana. Betting on high school or other amateur events featuring athletes under the age of 18 are not allowed.
Where can I bet on sports in Indiana?
You can bet online from anywhere in Indiana by downloading one of the available Indiana sports betting apps. We have provided an extensive and comprehensive list above that highlights the available sportsbooks in the state.
What is the best online site for sports betting in Indiana?
The best online site for sports betting in Indiana is a sportsbook that is legal and regulated by the state. Search for a sportsbook that offers bonuses or promotions when signing up so that you can earn some free money or betting opportunities.