Indiana Sports Betting
Editor’s note: As of Nov. 15, 2019
On Oct. 3, 2019, the Hoosier State introduced mobile betting to its sports wagering menu and its handle increased dramatically – to $91.7 million – nearly triple what it earned in September.
That total was fueled by the introduction of mobile behemoths DraftKings and FanDuel alongside the retail books and in influx of bettors from neighboring Illinois, who are restless for betting to start in the Land of Lincoln.
With more than 6 million people living in the state, and even more willing to cross state lines to drop money on the Chicago Bears, Indianapolis Colts, Cleveland Browns or Detroit Lions, there is great potential for a big windfall to state coffers. A 9.5 percent tax is exercised on adjusted gross wagering revenue.
The sports available for betting are plentiful including the Big Four (NFL, NBA, MLB and NHL), college football and basketball, boxing, baseball, hockey, tennis, golf, mixed martial arts, soccer, cycling and rugby.
Is sports betting currently legal in the state?
Yes. More than a dozen retail venues are operational with sportsbooks such as William Hill, Rush Street, BetAmerica, Scientific Games, USA Sports Gaming and Kambi. Mobile options include FanDuel, DraftKings and BetRivers.
When did Indiana begin accepting bets?
Indiana Gov. Eric Holcomb place the first legal sports bet on Sept. 1, 2019 – a $10 bet on the Indianapolis Colts to win Super Bowl LIV.
What is the legal age to bet on sports in Iowa?
21 years old
What restrictions are there on sports betting in Indiana … is online wagering allowed?
Both retail and mobile wagering (on Android and iOS) are operating in Indiana. Money cannot be bet on esports or on any sport where the athletes are under the age of 18. Live betting on NCAA games is not allowed under Indiana law. The Indiana Gaming Commission, which regulates the betting operation, has the power to set limits on in-play wagers and what data feeds are used.
Where can you open an account in Indiana?
Bettors can open accounts at casinos and by downloading a mobile app on their smartphone.
What do I need to open an account in Indiana?
Bettors will need to provide their vitals including legal name, birthdate, the last four digits of their Social Security number, address, email address, phone number and debit or credit card.
What are the betting-related banking options in Indiana?
There are multiple options for depositing and withdrawing funds from your betting account including: online bank transfer, PayPal, PayNearMe, credit/debit cards and prepaid cards.
