Indiana Online Sports Betting - All You Need to Know - HowToBet.com
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Indiana Online Sports Betting

Indiana online sports betting is a reality. While some conservative states held out against the legalization of sports betting and just betting in general, Indiana has done the opposite. With legalized casino gaming in the state since the mid-1990s, as soon as the Supreme Court made its ruling in 2018 that made it possible for states to create their own sports betting laws, Indiana went to work.

This is the state that gave us Notre Dame football and Knute Rockne’s speech, as captured in the movie Rudy. This is a state that is a special place for basketball, as captured in the film Hoosiers. Even the great cycling film Breaking Away was set in Indiana.

This state loves its sports, and now it loves its sports betting.

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Indiana Online Sports Betting Legislation

It was House Enrolled Act 1015 that made sports betting legal in Indiana. But more than that, it brought about a complete change in how Indiana handled its gaming industry. For the first time, Indiana online sports betting, along with mobile betting, was legal. And for the first time, it allowed a gaming license to transfer to another county.

What that means for the future of the industry in Indiana can't be overstated. When innovations come, Indiana has proven that it has the will to act. And that is exactly how legal sports betting came to be.

When the Supreme Court made its ruling in 2018 that removed the federal government from the sports betting equation, it was just a matter of months before Indiana had debated, written, and passed new sports betting legislation. In May of 2019, the governor signed it into law, and by September, regulations were in place, licenses had been granted, and bets were being placed.

If only everything in government could work so efficiently.

Indiana Online Sports Betting Rules

  • You must be at least 21 years old to participate in Indiana online sports betting.
  • When placing bets with an online sportsbook, the customer must be inside the state lines of Indiana. This will be verified through an IP address or geolocation technology located in a customer’s mobile device.
  • Statewide mobile wagering is legal.
  • All licensed Indiana sports betting sites must be a land-based gaming facility or in a partnership with a land-based gaming facility (casino, racino or off-track betting parlor).
  • Betting on high school sports, esports, and all amateur athletes under the age of 18 is not permitted.
  • Limits on in-play and live wagering are left to the discretion of the Indiana Gaming Commission.
  • Sportsbooks pay a tax rate of 9.5% on gross gaming revenue.

Indiana Online Sports Betting Opportunities

You can place wagers on almost any sport you can imagine at Indiana sportsbooks. From the NFL and NBA, right through to MMA, lacrosse, sailing, softball, golf, and bowling. You can also wager on all the big sporting events of the year. For example, the Olympic Games, the Super Bowl, and the NCAA Tournament.

The variety of wagers that you can make at Indiana online sports betting sites is similarly impressive. The main types of bets that can be placed are as follows:

Point Spread

Take the points, or lay them. A point spread is used to determine the favorite and the underdog. True tension is a two-point game, and you laid three, and someone is about to hit a last-second meaningless basket that kills your bet.

Moneyline

A win/loss bet that uses odds to determine the difference between the favorite and the underdog. No spreads to stress over - just win, and you’re in the money. By how much is determined by the oddsmaker.

Over/Under

Also known as a totals bet, this bet is on the total combined points scored, and if the number will go over or under the posted line. This bet also comes with uncontrolled late-game shouting.

Parlays

Small bets combined into one large bet, which, if it wins, pays off big. The big potential payoff is why players love them, but since it takes just one loss to sink the entire bet, bookmakers love them too.

Round Robin

Pick some teams and bet them as parlays in every possible combination. Each winning combo is a win for the player. Unlike an actual parlay bet, not all bets must win.

Proposition Bets

These are individual or team bets inside an event. Prop bets may include the first team to score, which starting running back finishes with the most yards, or how many strikeouts a pitcher records. These are most fun to play on big events like the Super Bowl.

Futures Bets

These are bets on events that have yet to take place, like the winner of the World Series or Stanley Cup Finals.

Live Betting

These are bets placed on sporting events that have already started. Also called in-play betting, these games have multiple buyout options, automatically updated odds and points spreads as the game plays out, and quarter and halftime lines.

Indiana Online Sports Betting Sites

Per capita, Indiana is one of the most casino rich states in the country. And the same can be said about the number of sportsbooks that call the state home. 

If you want options in your sports betting operator, Indiana is great. But narrowing down that list into the best of the best can be a little more challenging. That’s where we come in.

How We Choose the Best Sportsbooks

Ranking the sportsbooks isn’t an exact science, but it is fairly intuitive. The first thing you care about is sports and lots of sports. And then even more sports. 

Football and basketball are obvious. You also want to bet on darts, cricket, cycling, and Australian rugby in the middle of the night.

Along with lots of sports, you need lots of banking options. Ways to make deposits and withdrawals, plus the speed in which those transfers are made is critical to the ranking of a sportsbook.

Finally, you want bonuses. Indiana online sports betting sites are going to fight for your business, and the weapon they use is free money. If a sportsbook gives you lots of free money, and easy-to-use free money, that is obviously a huge plus.

DraftKings

DraftKings has been active in Indiana since Oct. 3, 2019. In fact, they were the very first online sportsbook to open in the state. DraftKings also operates the sportsbook at Ameristar Casino and operates online using the Ameristar license.

DraftKings is at the top of our rankings because there is a huge selection of available sports, an easy-to-use app that is also lightning fast, and up to $1,000 in free bets and bonuses. At DraftKings in Indiana, new customers can get both $500 in free bets and $500 in deposit bonuses.

This longtime daily fantasy sports operator has remade itself into one of the top sportsbooks anywhere in the country, and it’s No. 1 in Indiana.

FanDuel

Normally, FanDuel is right there with its DFS cousin, opening the same day that DraftKings does in almost every state in the country. In Indiana, they opened three weeks after DraftKings. Although really, that’s about the only difference between the two.

FanDuel has a great website and mobile app and a platform that is perfect for in-play wagering. When it comes to the sports they offer, there is almost nothing going on in the world that you can’t play. FanDuel also offers $500 in potential free bets and deposit bonuses.

If the extra bonus money isn’t that important to you, then FanDuel might be your choice. It is a terrific sportsbook. But since we like the additional free money, FanDuel in Indiana comes in second place for us.

PointsBet

A newer sportsbook overall - they opened operations in Australia in 2017 - and newer to the Indiana market - they began online operations in the Hoosier State in March 2020. PointsBet gives a $250 deposit bonus, has a huge selection of sports, and great banking options.

What we like most about PointsBet, however, is its new take on sports betting. Instead of just winning and losing a bet, with PointsBetting, you can have big wins and big losses. 

Let’s say you take the Cowboys -3 points. They win the game by seven, meaning you won your bet by four points. With PointsBetting, you are actually wagering on each point that you win by, so if you bet $20 on the Cowboys, you win $80.

On the flip side, you can also experience bigger losses, but all sports betting is weighing risk and reward. As something unique and new, PointsBet gets a big thumbs up from us.

Indiana Retail Sportsbooks

Along with your Indiana online sports betting sits and mobile options, this is the list of retails sportsbooks if you prefer to place your bets in person.

Ameristar Casino - East ChicagoAmeristar is partnered with DraftKings as a sportsbook provider
Belterra Casino Resort - FlorenceTheir retail sportsbook is operated by FanDuel
Blue Chip Casino - Michigan CityThe retail sportsbook is operated by FanDuel
Caesars Southern Indiana - ElizabethOne of several Caesars’ operated sportsbooks in Indiana
French Lick Resort Casino - French LickPartnered with Rush Street Interactive, which operates the BetRivers brand of sportsbooks
Harrah’s Hoosier Park - AndersonOne of several Caesars-operated sportsbooks in Indiana
Hollywood Casino - LawrenceburgThe sportsbook at Hollywood Casino is powered by Kambi
Horseshoe Casino - HammondPart of the Caesars family of resorts, which operates their retail sportsbook
Indiana Grand Casino - ShelbyvilleAnother Caesars property, and a Caesars-run sportsbook
Rising Star Casino Resort - Rising SunPartnered with BetAmerica as their sportsbook operator
Tropicana - EvansvilleWilliam Hill operates the sportsbook at the Tropicana

There are also three off-track betting locations that have operating sportsbooks. Those are the Winner’s Circle Race Sports Pub in Shelbyville, the Winner’s Circle Sports Pub in Indianapolis, and Winner’s Circle Race Sports Pub in New Haven. All of those OTB sportsbooks are partnered with Caesars.

Indiana Online Sports Betting Bonuses

It’s important to know it is unlikely that you’ll find bonus offers when you visit a retail sportsbook. Since you don’t use an account that can track your wagering totals when wagering in person, it just doesn’t happen. 

But when betting online through one of the legal sportsbooks in Indiana, you will be offered several possible incentives to land your business.

Welcome Bonus

One of the easiest ways a sportsbook will attract new business is with a welcome bonus. Often this is in the form of a risk-free bet that only triggers in the event you lose your first time out, but even that can have a lot of value. Be sure to look for these when choosing an online sportsbook.

Deposit Bonus

Welcome bonuses are usually more modest sums of money, but a deposit matching bonus can be as high as $500 or even up to $1,000. It’s a great way to quickly add money to your account, so never pass it up.

It’s not free money, in the sense that you can’t just withdraw it as cash. But once you complete the playthrough requirement (often 5x the amount of the bonus), then the money is yours to do with what you want. 

One thing about these types of bonuses - often, they are only for your first deposit, so make sure you know the details before putting any money in your account. You’d hate to only deposit $100 when the sportsbook is willing to match your deposit up to $500.

Loyalty Programs

Typically you find loyalty and rewards programs through a casino. It’s not really a sportsbook offering, and almost never through a stand-alone sportsbook. 

But considering that Caesars is such a big player in the state, and they have Caesars Rewards as their loyalty program of choice, you might get lucky. Rush Street Interactive, which partners with the French Lick Casino and runs the BetRivers mobile app, also has a rewards program.

Definitely do your research. If you find a sportsbook that has what you want and offers rewards for the money you spend and the plays you make, that is a sportsbook worth joining.

Other Possible Promotions

You will also find sports-specific promotions, like boosted odds or game insurance. There will be special event promotions, like extra betting on the NBA Playoffs. 

You’re also likely to find a refer-a-friend bonus. In that case, for everyone that signs up for an account and makes a deposit and uses a code that you give them, you will get a free bet (of up to $50), and they will get a free bet.

Signing Up with an Indiana Sportsbook

Whether you are accessing an online sportsbook through its website or mobile app, signing up for your new account will be easy and user-friendly.

The information required in Indiana for registration is:

  • Legal name
  • Legal address
  • Email address
  • Date of birth
  • Phone number 
  • The last four digits of your Social Security number
  • Username 
  • Password 

You will choose your username and password at the time of registration. If there are any issues with confirming your identification through your address and social security number, you may be asked to submit a utility bill in your name as additional documentation. As a last resort, you may be asked to provide a photo ID.

You will also be asked to answer a pair of security questions and decide if you’d like to opt-in for two-factor notification. That means that anytime someone attempts to log in to your account, a PIN will be sent to the mobile number on file. That PIN is then required to gain access to the account and place any bets.

Banking at Indiana Sportsbooks

One of the most important aspects of an online gaming platform is how it processes banking. All of the sportsbooks in Indiana are required to have secure connections for your safety, and they will offer all or most of the following deposit and withdrawal options.

Methods of Deposit

  • Online bill pay/bank transfer
  • ACH/eCheck
  • Credit and debit cards (Visa and Mastercard)
  • PayPal
  • Skrill
  • Play+ prepaid card
  • PayNearMe
  • Personal check
  • Cash paid in person at a retail sportsbook

It is important to note that although credit cards are one of the most popular methods of deposit, many credit card companies treat deposits to casinos and sportsbooks like cash advances. This means that you may get hit with an extra fee. Always check with the issuing bank before making any deposits just in case.

You’ll also find that even though standard e-wallet services like PayPal and Skrill are available in Indiana, not all Indiana sportsbooks will accept both.

Withdrawals

When able, we always recommend using a method of deposit that can be reversed for quick and easy withdrawal. If you aren’t able to do that, most sportsbooks in Indiana will accept the following means of account withdrawal.

  • ACH/eCheck
  • PayPal
  • Prepaid card
  • Personal check
  • Cash received in person at the retail sportsbook

Not all sportsbooks will have a prepaid card - which works just like an ATM card. But if they do, this type of card is a great way to make deposits and withdrawals. PayPal is another fast and easy option.

Obviously, if you have to opt for a personal check, there will be delays in processing the payment at the sportsbook and sending the check through the mail.

Indiana Online Sportsbook FAQ

Who can offer sports betting in Indiana?
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Sports betting operators in Indiana are limited to licensed land-based casinos and off-track betting parlors or vendors who contract through one of these land-based casinos. A sports betting operator’s license is $100,000 to start, and $50,000 for annual renewals.

Only place wagers with one of these licensed and regulated sportsbooks. They undergo regular integrity checks, and in the case of any disputes, the state provides an arbitration process. If you wager with an unregulated sportsbook, you will have no such protections.

Who can place legal sports bets in Indiana?
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If you are 21 years old and inside state lines, you can place legal sports wagers. There is no residency requirement. If you are in Indiana, no matter the reason, you can place a bet. Location is the only thing that matters.

It is worth noting that if you work for a team or league in a capacity in which you might be able to influence the outcome of a sporting event, you are not eligible to wager on those events. If you are a team trainer, you are ineligible to wager. If you sell concessions at the arena, you are fine to place wagers.

If you work for a sports betting operator, you are also ineligible to place sports wagers.

Do Indiana sports bettors pay taxes on winnings?
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Yes. You do have to declare your sports winnings to the IRS when filling out your yearly tax return. The sportsbooks themselves pay a 9.5% tax rate on all sports gaming revenue, which is above and beyond anything a customer might owe to the IRS.

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