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Sports Betting

10 Things You Need to Know About Indiana Sports Betting, IN Online Sports Betting

Chris Spags

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Everything you need to know about Indiana sports betting and legal online sports betting in Indiana, with free bet offers & promo codes

States across the United States continue to embrace sports betting, with many having it fully legal and most having some sort of bill proposed in order to get there. Sports betting has officially come to the state of Indiana, a state rich with its sports history. Indiana sports betting launched days before the start of the 2019 NFL season. That early September date was only for in-person retail sportsbooks at Indiana casinos, and off-track betting parlors. Here is an overview of the sports betting landscape in the state of Indiana.

1) Is Indiana Sports Betting Legal?

Yes! Indiana’s sports betting bill became active on September 1, 2019. This meant betting was live for the kickoff of the NFL season, which allowed them to start their sports betting era off with a bang. Everyone over 21 years old and within state lines are free to put some money down.

Indiana benefited early from its geographic location, becoming the first state in the area to legalize sports betting. This attracted bettors from places like Chicago and Cincinnati, only pushing the gaming industry in Indiana up further.

2) Is Indiana Sports Betting Also Legal Online?

Yes! Online sports betting became legal in Indiana on October 3, 2019, which is a little over a month after the sports betting bill became active. With speedy legalization of mobile betting, it became a popular option immediately and it continues to see steady growth.

As of February 2020, the mobile betting accounted for 77.9 percent of all bets placed in Indiana, which was up 9.6 percent from January.

3) What Promo Codes / Deposit Bonuses are available for me and How Can I Use Them?

DraftKings

On October 3, 2019, DraftKings launched it’s mobile sportsbook in Indiana.  Make sure to check out DraftKings latest offer: a Deposit Bonus up to $1,000 for new users. 

JOIN HERE

To read our review of the DraftKings Indiana Sportsbook, click HERE.

If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) (IL) Gambling Problem? Call 1-800-GAMBLER (NJ/WV/PA), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO), 1-800-BETS OFF (IA), or TN REDLINE: 800-889-9789. 21+. NJ/PA/WV/IN/IA/CO/IL/TN only. Deposit bonus requires 25x play-thru. Deposit Bonus issued as site credits. Eligibility restrictions apply. See DraftKings.com/sportsbook for details.

Bet Rivers Casino

On Wednesday, September 25, 2019, the Indiana Gaming Commission authorized Rush Street Interactive to launch a mobile Indiana sports betting app on Oct. 3, 2019. Rush Street operates the retail and online sportsbook for French Lick Casino.  Stay tuned for an exclusive Indiana sports betting deposit bonus from Rush Street.

Join Here and get a $250 first deposit match bonus. 

FanDuel Sportsbook

FanDuel recently announced that they’ve launched their mobile sportsbook in Indiana. Make sure to take advantage of the FanDuel deposit bonus below.

Risk Free Bet up to $500

BetMGM Sportsbook

100% Deposit Match offer on first deposit up to $500.

PointsBet Sportsbook

A newcomer to the sports betting scene, PointsBet has quickly emerged as one of the favorite platforms among sports bettors.  Make sure to check out the PointsBet sportsbook promo code below.

PointsBet Offer: 2 Risk Free Bets Up To $1,500 (1 Fixed Odds Risk Free Bet up to $500 and 1 Risk Free PointsBet up to $1,000). 

4) Which Online Sportsbooks and Sportsbook Apps are Legal in Indiana?

Online sportsbook providers needed to partner with physical Indiana entities in order to offer Indiana sports betting. Here is a list of the online books you can play at within Indiana:

  • DraftKings Sportsbook
  • FanDuel Sportsbook
  • BetRivers
  • BetAmerica
  • BetMGM
  • PointsBet
  • Caesars Sportsbook
  • William Hill

5) Where Are the Best Options for IN Sports Betting in Person?

Though there will be a bevy of locations to choose from, many bettors will want the best of the best when placing their first sports bets. Places like Hammond’s Horseshoe Hammond is a perennial favorite according to visitors with scenic Lake Michigan views as well as one of the best Indiana casino buffets. The Indiana Grand Racing Casino in Shelbyville is also expected to be a popular locale for bettors with the expected sportsbook bells and whistles as well as thriving social hubs like their Winners’ Circle Brewpub.

For players looking to combine some live action with their casino, Harrah’s Hoosier Park Racing and Casino can combine the thrill and camaraderie of live horse racing with the new sportsbooks  as well as classic old-school poker rooms. With visitors who say they’d go out of their way for the weekend buffet’s crab legs and prime ribs, there’s a little something for everybody who wants to gamble their face off and eat their emotions afterwards.

There are a number of different casinos you can go to and place bets on sports. The following is list of physical casinos you can visit in Indiana, followed by the sportsbook they use there:

  • Ameristar East (DraftKings)
  • Belterra (FanDuel)
  • Blue Chip (FanDuel)
  • French Lick Resort Casino (SugarHouse)
  • Hollywood Casino Lawrenceburg (Kambi)
  • Hoosier Park (Caesars)
  • Caesars Southern Indiana (Caesars)
  • Horseshoe Casino (Caesars)
  • Indiana Grand Casino (Caesars)
  • Majestic Star (BetIndiana)
  • Rising Star Casino Resort (BetAmerica)
  • Tropicana Evansville (William Hill)

In addition to these casinos, Caesars has three off-track betting shops that offer sports betting in Indianapolis, New Haven and Clarksville.

The usual suspects of casinos, race tracks, and off-track betting locations will be among the most readily available locations to take bets in the state.

Though it’s worth noting that bettors will not be able to partake in any eSports based wagers despite the rise in popularity of the genre. And, more logically, bets will be unable to be accepted if they involve amateur athletes under the age of 18. Shooter from Hoosiers would likely be very disappointed by the news but it certainly makes sense to protect the sanctity of this new world of Indiana sports betting.

6) How Do I Make Deposits and Withdrawals for Online Sports Betting in Indiana?

Shown by the speedy legalization of in-person and mobile sports betting, the state of Indiana is behind this market. They have also made it easy to deposit and withdraw money, making online sports betting the most popular option to bet.

The following are common methods to deposit or withdraw money for sports betting in Indiana:

  • Debit/Credit Card
  • ACH (Online Banking)
  • PayPal
  • Prepaid Sportsbook Cards
  • PayNearMe
  • Cash at the Cage
  • Check

7) What are the Most Common Types of Sports Bets Can I Make in IN?

Straight bet

This is the most common bet type and it is just a straight up single bet on a game. A point spread is determined by the oddsmakers with one team being favored by a certain amount of points. Let’s take a look at an example line below to give a clear indication of what a straight bet would be:

Boston Celtics -6.5 (-110), moneyline -320

at Cleveland Cavaliers +6.5 (-110), moneyline +260

O/U 206

The Celtics are favored by 6.5 points in this example. This means that if you bet the Cavaliers, you are getting 6.5 points, so if the Cavaliers win the game, or lose by fewer than seven points, you will win the bet because of your 6.5-point cushion. On the other side, when you are laying 6.5 points as the favorite, you would need the Celtics to win by seven or more to win the bet.

Final Score: Celtics 102 Cavaliers 98. Cavaliers would cover even though the Celtics won the game because the +6.5 point spread is enough to cover a four-point defeat.

Moneyline Bet

The moneyline is a bet where there is no spread; you are just picking the winner of the game. In the example above, the Cavaliers ML is +260, which means that for every $100 wagered, you win $260 if the Cavaliers win the game outright. They receive the plus side of the moneyline since they are the underdog and picking them rewards you with nice odds since they are projected to likely lose the game. On the flip side, if you bet the Celtics ML at -320, you have to bet $320 to win $100. They are the favorites so if you decide to bet the moneyline instead of the point spread, you are forced to bet additional money to win $100.

In the example above, the Celtics ML would be the winner as they won the game outright. The spread is irrelevant for a moneyline wager.

Over/Under

This is a straight bet wagering on how many total combined points will be scored in a game by both teams. For example, an NBA game may have an over/under of 210 points, which means that the oddsmakers are projecting a combined points total of 210 between the two teams. If you think the teams are going to score more than 210 points total, you bet the over, and conversely, if you think it’s going to be a defensive struggle, you can bet the under hoping that the total points scored equals 209 points or less.

Parlay

A parlay is a bet where you combine multiple bets into one bet and you get increased odds because you only win your parlay wager if all of your bets win. If you do a three-team parlay, you select three different teams from three different games and if you win all three of the bets you hit your parlay for longshot odds (6-1 so $100 to win $600). Going 0/3, 1/3, or 2/3 is all the same and you lose the parlay bet. It’s all or nothing which makes them tough to hit and is more of a home run type bet than a regular straight bet since there’s a chance for a big payoff.

8) Where’s a Good Place to Start Learning How to Online Sports Bet in IN?

Update coming shortly.

9) What are the Most Popular Sports Teams to Bet on in Indiana?

As stated above, Indiana has attracted bettors from popular, nearby sports cities that do not yet have legalized sports betting. So, along with local teams like the Indianapolis Colts, Indiana Pacers, Notre Dame Fighting Irish and Purdue Boilermakers, Chicago and Cincinnati-based sports teams have become popular betting options as well.

10) Is There Anything Else to Know About IN Sports Betting?

Now that you know that Indiana sports betting is just a few short weeks away from its rollout, all that’s left to do is get out there and play. Take advantage of the Indiana sportsbook app promo codes out there for some generous bonuses to new users to help build your bankroll and check out the local casinos who’ll no doubt be thriving with the new gaming options available to all the fine people of Indiana. Use the sports betting resources we provide here at Awesemo to help guide your bets and bet responsibly!

How Much Does Indiana Sports Betting Generate for the State?

MonthSept 2019Oct 2019Nov 2019Dec 2019Jan 2020Feb 2020Mar 2020Apr 2020
Handle$35,215,416$91,697,393$147,276,912$161,808,924$171,049,250$187,186,221$74,818,802$26,304,128
Revenue$8,558,974$11,538,533$10,593,321$12,068,114$12,223,222$10,381,954$5,495,640$1,559,884
Hold24.3%12.6%7.2%7.5%7.1%5.5%7.3%5.9%
Taxes$813,103$1,096,161$1,006,365$1,146,471$1,161,206$986,286$522,085$148,189

As you can see, sports betting in Indiana was seeing steady growth through February. Unfortunately, the COVID-19 outbreak in March has cause the sports betting industry to nosedive. Between the restrictions of large gatherings and the sports seasons on hiatus, this was the perfect combination to disrupt the growing sports betting industry in Indiana.

If you have an issue with betting or a gambling problem, please contact 1-800-GAMBLER to speak with someone right now and get help.

IN Sports Betting FAQs

  1. Is Sports Betting Legal in State?
  2. How Can I bet in state?
  3. Will State have Online Sports Betting?
  4. How Do I Open an Account?
  5. How Do I Deposit and Withdraw?
  6. Do I have to be in state to place a bet?
  7. What Games Can I bet on?
  8. What Companies Will be Offering Sports Betting?
  9. What Kind of Taxes Do I have to Pay?
  10. How Old Do I have to Be to Bet in State?
  11. What are the Betting Limits?
  12. Where Do I go if I have a problem?

If you have an issue with betting or a gambling problem, please contact 1-800-GAMBLER to speak with someone right now and get help.

Chris Spags is the senior director of editorial strategy at Awesemo.com and contributes to the site's NBA, NFL, and MLB coverage as a writer and host of video content. Chris's content background from sites like Guyism, Uproxx, and Barstool Sports allows him to bring a unique spin to the world of daily fantasy sports analysis. Chris writes regular columns with NBA and NFL analysis as well as his inimitable style and his 'Four Corners' videos for basketball, baseball, and football DFS are the primary short form content offering on Awesemo's YouTube channel. You can find him on almost any given night providing analysis right up to slate lock on Awesemo's flagship Live Before Lock livestreams or on Twitter @ChrisSpags. You can contact Chris by emailing support@awesemo.com.

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