Best Sports Betting Sites in Indiana

Offering a range of betting options on various sports events, Indiana has attracted numerous sportsbooks to the Hoosier State. Bettors over the age of 21 are allowed to make online, mobile, and retail wagers as long as they are within the state lines.

With legal wagering allowed on all sports, including college teams, Indiana has a thriving sports betting industry. Pair this with land-based casinos, horse racing tracks, and retail sportsbooks, and there really is something for everyone.

Ready to get started betting in Indiana? Keep reading to find out all you need to know - including our recommendations on the best sports betting sites.

Best Legal Indiana Sportsbooks in 2024

Sort by

Recommended

A-Z

Rating

	Name	Score	Play Now	Welcome Bonus	Sports	Payment Methods	Payout Speed	Disclaimer
	1BetMGM Sportsbook Read Review	9.8	Claim OfferBetMGM.com	Bet $5 Get $158 in Bonus Bets	20+	Cash, Venmo, PayPal, Bank Transfer, Apple Pay, Play+	3-8 Days	Gambling problem? Call or TEXT 1-800-GAMBLER. Must be 21+ and present in the state you're wagering in. T&C Apply.
	2Caesars Sportsbook Read Review	8.8	Claim OfferCaesars.com	Get Your First Bet Back If It Loses - up to $1,000		Cash, Venmo, PayPal, PayNearMe, Play+, ACH Transfer, Visa, Mastercard	Hours - 5 Days	Must be 21 or older to gamble. Know When To Stop Before You Start.® Gambling Problem? If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER (1-800-426-2537).
	3DraftKings Sportsbook Read Review	9.4	Claim OfferDraftKings.com	Bet $5 Get $150 in Bonus Bets Instantly!	25+	Cash, Venmo, PayPal, Apple Pay, Play+, ACH Transfer, Visa, Mastercard	Hours - 5 Days	Gambling problem? Call or TEXT 1-800-GAMBLER. Must be 21+ and present in CO. T&C Apply.
	4BetRivers	9.5	Claim OfferBetRivers.com	Get up to a $250 Second Chance Bet	25+	Venmo, PayPal, PayNearMe, Play+, ACH Transfer, Visa, Mastercard	1-6 Days	Gambling problem? Call or TEXT 1-800-GAMBLER. Must be 21+ and present in CO. T&C Apply.
	5Betway USA Read Review	8.6	Claim OfferBetway.com	Up to $250 Back In Bonus Bets If Your First Bet Loses	16+	PayPal, PayNearMe, Play+, ACH Transfer, Visa, Mastercard	Up to 7 Days	Gambling Problem? Call 1-800-GAMBLER. Hope is here. Gamblinghelplinema.org or call (800)-327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or Text HOPENY (467369) (NY).
	6Unibet US Read Review	9.0	Claim OfferUnibet.com	Get a 2nd Chance Bet Up To $250	20+	PayPal, Debit Card, Trustly, PayNearMe, Play+, ACH Transfer	3-10 Days	Gambling Problem? Call 1-800-GAMBLER. Must be 21+ and present in PA. T&C Apply.

Indiana Sports Betting Overview

Here's a quick rundown of the most important facts about sports betting in Indiana.

Key Takeaways

• Indiana sports bettors are one of the few cohorts that can bet on college sports

• Bettors in Indiana can take advantage of bonuses and promotions on mobile betting apps and sports betting sites

• Those looking to play casino games can only do so at Riverboat casinos

Is Sports Betting Legal in Indiana?

Yes, sports betting is legal in Indiana under certain conditions: you must be over 21 years of age, you must only bet at legal online sportsbooks, or licensed retail sportsbooks. Below is a little more information on the laws surrounding sports betting in Indiana.

Sports betting in Indiana became legal on September 1, 2019 following the signing of House Bill 1015 into law by Governor Eric Holcomb. This legislation authorized sports wagering at riverboats, racinos, a Vigo County casino, and satellite facilities across the state. Indiana was quick to adopt this new form of gambling, with three casinos taking bets on the very first day it was legal.

Who Regulates Sports Betting in Indiana?

The Indiana Gaming Commission is responsible for overseeing all gambling activities in Indiana. This includes online sports betting, but also land-based sportsbooks, riverboat casinos, horse racing tracks, and lotteries.

The Sports Wagering and Paid Fantasy Sports Division is a subdivision of the IGC that is responsible for overseeing online sports betting in particular.

What Are the Indiana Sports Betting Laws in 2024?

As of 2024, online sports betting is legal in Indiana. It first became legal in September 2019 and still upholds the same rules today as it did back then:

• Online sportsbooks must be partnered with a physical sportsbook within the state of Indiana

• Minimum age of 21 for bettors

• Live betting is at the discretion of the IGC

• Betting on players who are under 18 is prohibited

List of Recent Legal Indiana Updates to Sports Betting

In May 2019, Indiana became the ninth state to legalize sports betting when Governor Eric Holcomb signed HB 1015. The legalization paved the way for the launch of sports wagering in the Hoosier State on September 1, 2019.

The Governor himself marked this historic event by placing the first bets: $10 on the Indianapolis Colts to win the Super Bowl, $10 on the Indiana Pacers to win the NBA championship, and $10 on the Indiana Fever to win a WNBA game that day.

Timeline:

• May 8, 2019: Governor Eric Holcomb signs HB 1015, legalizing sports betting in Indiana.

• September 1, 2019: The first sports bets are placed, marking the official launch of sports wagering in the state.

• Present: There are now 13 mobile and 15 retail sportsbooks operating in Indiana, offering a variety of options for sports bettors.

5 Best Indiana Sports Betting Sites Reviewed

Since sports betting was legalized in Indiana, a number of reputable sportsbooks have popped up. Here is our pick of the top 6.

• Best Indiana Betting Site for In Play Betting: BetMGM

• Best Indiana Betting Site for VIPs: Caesars

• Best Indiana Betting Site for Bonus Bets: DraftKings

• Best Indiana Betting Site for Competitive Odds: BetRivers

• Best Indiana Betting Site for Fast Payouts: FanDuel

BetMGM Sportsbook

BetMGM - Best Indiana Sports Betting Site for In Play Betting

BetMGM is licensed to offer its sports betting services in Indiana, and bettors have access to major North American leagues and collegiate sports. Residents of Indiana can download the reliable BetMGM app, a handy tool for in-play betting on over 20 sports, and depositing funds through secure payment methods.

BetMGM is not short-changing Indiana players in the bonus department, providing competitive promotions such as a tempting $1,000 in Bonus Bets, packed as a welcome deal.

BetMGM Overview

Welcome Bonus	Up to $1,000 bonus back for your first bet
Licences	Arizona Department of Gaming, Colorado Department of Revenue, Illinois Gaming Board, Indiana Gaming Commission, Iowa Racing and Gaming Commission, Kansas Racing and Gaming Commission, Louisiana Gaming Control Board, Maryland State Lottery & Gaming Control Agency, Michigan Gaming Control Board, Nevada Gaming Commission, New Jersey Division of Gaming, New York State Gaming Commission, Ohio Lottery, Pennsylvania Gaming Control Board, Tennessee Sports Wagering Advisory Council, Virginia Lottery, West Virginia Lottery, Wyoming Gaming Commission
Sports	Soccer, Basketball, Baseball, Football, Boxing, Tennis, Motor Sports, Golf, Rugby, Hockey, Darts, MMA
Payment Methods	Visa, Mastercard, Discover, PayPal, Skrill, Play+, PayNearMe, ACH/VIP Preferred e-check, Bank Transfer, Apple Pay, Gift Cards
Mobile App	Android & iOS
Year Founded	2018

What We Like & Dislike About BetMGM

Pros

• Established US sportsbook
• Live streaming of sports events
• Player-friendly wagering requirements
• Renowned banking methods

Cons

• Outdated design of the desktop version
• Long payouts procedures

Read ReviewPlay Now

Caesars Sportsbook

Caesars - Best Indiana Sports Betting Site for VIPs

Caesars Sportsbook inspires confidence in Indiana bettors by partnering with popular leagues and celebrities. However, the ultimate seal of approval stems from the gambling license issued by the proper authorities in Indiana, ensuring a safe online gambling experience.

Players from Indiana can start betting on their preferred sports with a boost from the operator, packed as a 100% match up to $1,250 as Bet Credit. The bonus bets are eligible for wagering on 20 sports and hundreds of domestic and international competitions.

Caesars Overview

Welcome Bonus	100% bonus match up to $1,250 if you lose your first bet of $10 or more
Licences	Colorado Division of Gaming, Arizona Department of Gaming, Illinois Gaming Board, Indiana Gaming Commission, Iowa Racing and Gaming Commission, Kansas Racing and Gaming Commission, Louisiana Gaming Control Board, Maryland State Lottery & Gaming Control Agency, Michigan Gaming Control Board, Mississippi Gaming Commission, Nevada Gaming Commission, New Jersey Division of Gaming Enforcement, New York State Gaming Commission, Ohio Lottery, Pennsylvania Gaming Control Board, West Virginia Lottery, Virginia Lottery, Wyoming Gaming Commission
Sports	Football, Basketball, Hockey, Golf, Soccer, Tennis, Motor Sports, Boxing, MMA, Horse Racing, Cricket, etc.
Payment Methods	Visa, Mastercard, Discover, PayNearMe, PayPal, ACH e-check, Play+, Skrill, Wire Transfer, Online Banking, Caesars Prepaid Card
Mobile App	Android & iOS
Year Founded	2021

What We Like & Dislike About Caesars

Pros

• Live streaming of sports matches
• Micro-betting options
• SGP bonuses
• Multi-tier VIP club

Cons

• A limited selection of niche sports
• Cumbersome design

Read ReviewPlay Now

DraftKings Sportsbook

DraftKings - Best Indiana Sports Betting Site for Bonus Bets

DraftKings is licensed to operate in Indiana and is the official partner of the NFL, NHL, NBA, PGA Tour, and UFC. In total, 24 different sports are on the menu in Indiana, with hundreds of leagues. Aside from traditional sports, DraftKings also offers DFS betting in Indiana.

Registered members receive a free sportsbook app. Plus, loyalty gets rewarded with access to the Dynasty VIP Club, where exclusive bonuses and invites to special events await bettors from Indiana. At the moment, there's a bet $5 get $200 offer on for new customers only. So there's never been a better time to sign up.

DraftKings Overview

Welcome Bonus	Up to $150 in bonus bets after making your first $5 bet
Licences	Arizona Department of Gaming, Colorado Department of Revenue, Illinois Gaming Board, Indiana Gaming Commission, Iowa Racing and Gaming Commission, Kansas Racing and Gaming Commission, Louisiana Gaming Control Board, Maryland State Lottery & Gaming Control Agency, Michigan Gaming Control Board, Nevada Gaming Commission, New Jersey Division of Gaming, New York State Gaming Commission, Ohio Lottery, Oregon Lottery, Pennsylvania Gaming Control Board, Tennessee Sports Wagering Advisory Council, Virginia Lottery, West Virginia Lottery, Wyoming Gaming Commission
Sports	Football, Baseball, Basketball, Soccer, Boxing, Tennis, MMA, Golf, Hockey, Cricket, Motor Sports, Darts, Snooker, Skateboarding, Volleyball, Cycling, Handball, Lacrosse
Payment Methods	Visa, Mastercard, PayPal, Venmo, VIP Preferred, Wire Transfer, DraftKings gift card
Mobile App	Android & iOS
Year Founded	2012

What We Like & Dislike About DraftKings

Pros

• First deposit match-up bonus of up to $1,000
• No fees on withdrawals or deposits
• Latest SSL encryption
• Reliable payment providers

Cons

• A payout can take up to 5 days
• Customer support needs improvement

Read ReviewPlay Now

BetRivers

BetRivers - Best Indiana Sports Betting Site for Competitive Odds

BetRivers is a trusted sportsbook in Indiana, providing a substantial portfolio of sports betting markets. Indiana bettors can wager on over 25 sports, with the NFL, NBA, MLB, NCAA, and HNL receiving preferential coverage. The odds are, without a doubt, some of the best on the market, especially among rivaling sportsbook operators in Indiana. The same applies to its competitive bonus offer. BetRivers’ trump card is the 100% match up to $500 as a Second Chance Free Bet.

BetRivers Overview

Welcome Bonus	Up to $500 in free bets
Licences	Colorado Division of Gaming, Arizona Department of Gaming, Illinois Gaming Board, Indiana Gaming Commission, Iowa Racing and Gaming Commission, Louisiana Gaming Control Board, Maryland State Lottery & Gaming Control Agency, Michigan Gaming Control Board, New Jersey Division of Gaming Enforcement, New York State Gaming Commission, Ohio Lottery, Pennsylvania Gaming Control Board, West Virginia Lottery, and Virginia Lottery
Sports	Football, Basketball, Hockey, Golf, Soccer, Tennis, Motor Sports, Boxing, MMA, Horse Racing, Cricket, etc.
Payment Methods	Venmo, PayPal, PayNearMe, Play+, ACH Transfer, Visa, Mastercard
Mobile App	Android & iOS
Year Founded	2019

What We Like & Dislike About BetRivers

Pros

Cons

• Wide range of betting markets
• In-play bets
• Same-game parlays
• Streamlined app

• A limited selection of payment methods
• Live chat agents do not connect immediately

Play Now

FanDuel Sportsbook

FanDuel - Best Tennessee Betting Site for Competitive Odds

FanDuel makes Indiana one of its bases in an ever-expanding network of sportsbooks. Residents of Indiana can legally open an account and wager on any of the over 20 traditional sports betting markets or indulge in daily sports fantasy betting, a FanDuel specialty.

This signup offer is consistent across all US states, and bettors in Indiana can snag a Risk-Free bet of up to $1,000. The minimum qualifying wager is $10. FanDuel is one of the most reliable Indiana sportsbooks.

FanDuel Overview

Welcome Bonus	Up to $1,000 risk free bet
Licences	Arizona Department of Gaming, Colorado Department of Revenue, Illinois Gaming Board, Indiana Gaming Commission, Iowa Racing and Gaming Commission, Kansas Racing and Gaming Commission, Louisiana Gaming Control Board, Maryland State Lottery & Gaming Control Agency, Michigan Gaming Control Board, New Jersey Division of Gaming Enforcement, New York State Gaming Commission, Ohio Lottery, Pennsylvania Gaming Control Board, Tennessee Sports Wagering Advisory Council, Virginia Lottery, West Virginia Lottery, Wyoming Gaming Commission
Sports	Football, Basketball, Boxing, Baseball, MMA, Soccer, Tennis, Golf, Motor Sports, Hockey, Cricket, Cycling, Snooker, Handball
Payment Methods	Visa, Mastercard, PayPal, Apple Pay, Venmo, ACH check, PayNearMe
Mobile App	Android & iOS
Year Founded	2009

What We Like & Dislike About FanDuel

Pros

• Plenty of secondary sports markets
• Generous welcome bonus
• Boosted odds available
• Responsive mobile apps

Cons

• Lack of a rewards program
• Live chat response is slow

Read ReviewPlay Now

How We Rate Betting Sites

In order to bring you the best betting apps in your state, it's important to have stringent criteria to evaluate them on. Below are the most important criteria we use to decide which online sports betting sites make the cut.

• Licence and Legality: It goes without saying that we only recommend legal sports betting sites. This means that they have the correct licences to operate in Tennessee.

• Banking and Payout Speed: It’s essential that Tennessee sports betting platforms have a choice of payment providers. We look for credit and debit cards, e-wallets, and bank transfers. We also look for fast payouts, ideally within 48 hours.

• Security, Safety & Customer Support: A licence is enough to determine that a site is safe. However, we also look for SSL encryption and customer reviews. This helps us to find the sportsbooks that really stand out.

• Range of Sports: We require all online sportsbooks to cover popular leagues like the NBA, MLB, and NHL, as well as lesser-known sports and international events. This ensures that you have access to a wide array of betting options, from major games to niche events.

• Bonuses and Promotions: We look for a great welcome bonus, with the addition of regular promos for existing customers. We also check the terms of each bonus to make sure they are fair, as well as good value.

• Odds: Competitive odds are so important. We compare odds across sportsbooks to make sure you're getting good value on every bet.

What's Happening in Indiana? Sports Betting News & Updates

There's a whole lot going on in the world of sports in the Hoosier State. Indiana is home to two professional sports teams, the Indianapolis Colts and the Indiana Pacers. You'll also find three strong college basketball teams that always attract crowds.

We'll take a quick look at those teams and then dive in to some of the different sporting events coming up in Indiana soon.

Indianapolis Colts - this NFL team have a huge fanbase and can be seen playing in the Lucas Oil Stadium

Indiana Pacers - this NBA team can be seen playing at the Gainsbridge Fieldhouse where they've been playing since 1976.

NCAA teams - the Indiana Hoosiers, the Notre Dame Fighting Irish and the Purdue Boilermakers all play in the NCAA. These teams regularly make it to the championships, which is great news, because in Indiana, it's legal to bet on college sports.

Indy 500, May 2024

Without a doubt the biggest event in the Indiana sporting calendar is The Indianapolis 500. It's held every year at the Indianapolis Motor Speedway and usually takes place over the final weekend in May. It brings together the top cars in Indy racing and pits them against each other as they race around the Brickyard. In terms of pedigree, the Indy 500 is billed as part of the Triple Crown of motorsports, alongside the Monaco Grand Prix and 24 Hours of Le Mans. So, if you're looking to enjoy a history-making event, this is the one to attend.

Monumental Yoga, June 2024

Taking things down several notches, Monumental Yoga is set to take place around Monument Circle this year. Rarely is such calmness felt as in this yoga event (the single largest yoga event in the state. Expect to see around 4,000 participants take part in this wellness sport, alongside free mini yoga classes that anyone can join.

Dodge Power Brakes NHRA Nationals, September 2024

How could we forget the most prestigious drag race in the world? The Lucas Oil Raceway plays host to five solid days of high octane car racing. The Dodge Power Brakes NHRA Nationals race is the most historic, the longest, and the largest event on the NHRA tour. With top prizes into the hundreds of thousands of dollars, this is not an event to miss.

Indiana Sports Betting News

Looking for some tips or insight into what's going on in Indiana? We've got all the news you could need right here.

Best Sports Promo Codes & Bonuses in Indiana

There are loads of different promotions that you can enjoy while betting in Indiana. But remember, you can only use sportsbook bonuses, not casino ones. Below are some of the different types of bonus that you can expect to find in Indiana.

Tip: Looking for the most recent promo codes? Check out our regularly updated guided to sports betting promo codes.

Bonus Bet

Also known as a risk free bet, bet tokens, or a free bet. A bonus bet is simply a bet that you can place (usually) on any sport. Your stake is paid for by the sportsbook as a gift to you.

First Bet Insurance

Also known as a first bet safety net, or a second chance bet. This bonus allows you to have your stake refunded if you place a bet and it loses. It's usually offered on your first bet with a new sportsbook. FanDuel, offers a sign-up bonus of $1,000 and a No Sweat First Bet.

Parlay Insurance

This kind of bonus offer allows you to 'insure' certain legs of a parlay, or same-game parlay. This means that if one leg fails, your parlay is still paid out but at a lower rate.

Deposit Match Bonus

Also called a match bonus, matched bonus, or bonus cash. The deposit match bonus sees the sportsbook match your initial deposit, giving you (usually) twice as much money to bet with. Most deposit match bonuses are a 100% match, some are more, others less. DraftKings offer up to a $1,000 deposit bonus.

No Deposit Bonus

A no deposit bonus is where the sportsbook gives you a bonus simply for signing up. You don't need to make a deposit in order to be eligible. It could take the form of a bonus bet, or free cash.

Boosted Odds

Boosted odds, or odds boosts tend to be given to existing customers. They increase the odds on big sporting events, leading to higher payouts.

Below are some of the best Indiana online sportsbook offers available right now.

These are just a handful of the best sign-up bonuses for Indiana Betting Sites in April, 2024. These bonuses can change at short notice, but were correct at the time of writing. For even more bonuses, check out our guide to sports betting promo codes.

Sports Betting Bonus Terms and Conditions

Before you claim any bonus, it's important to be aware of any terms and conditions that come along with it. Below are some of the most common terms that you'll find relating to the sports bonuses we discussed above.

Wagering Requirements

Often bonuses are subject to wagering requirements. These are how many times you need to wager the bonus amount before you can withdraw winnings. Usually, sports promos in Indiana have 1x wagering requirements, meaning you wager the bet once and can withdraw your winnings. Look out for higher wagering requirements as they can be difficult to complete.

Minimum Odds

This refers to the minimum price a bet needs to be to qualify for the bonus. Rarely will you be able to bet on the short priced favorite with a bonus bet.

Maximum Win

This is the absolute maximum amount you can win when using a promo or bonus. Look for high maximum win caps in the bonus terms.

Expiry Date

Most bonuses have an expiry date, after which they are void. Long expiry dates give you plenty of time to find the right bet to place. If your bonus has wagering requirements attached then you must complete these before the expiry date.

Are There Free Sports Betting Sites in Indiana?

Indiana has a growing list of sports betting sites that cater to bettors in the Hoosier State. Many of these platforms offer exciting promotions and bonuses, allowing you to place bets with little or no financial risk. Some of the most popular Indiana sportsbooks that provide free bets and promotions for new customers include:

• DraftKings: This well-known sports betting app offers a generous welcome bonus to new Indiana users. DraftKings often provides generous promotions like free bets and deposit bonuses to boost your betting experience.

• BetMGM: BetMGM is another popular choice for Indiana sports bettors. The platform offers new users a risk-free bet of up to $1,000 as a welcome bonus, giving you the chance to explore the betting options without any initial financial risk.

• Unibet: Unibet provides a second-chance bet of up to $100 for new Indiana customers. This promotion allows users to place a bet and get a refund in case their first bet loses, allowing you to enjoy the thrill of sports betting without worrying about your first wager.

Best New Indiana Sportsbooks

Indiana has seen a surge of new sportsbooks, making it a thriving market for sports betting enthusiasts. In this section, we compare top-rated Indiana online sportsbooks, such as PointsBet, DraftKings, Caesars, FanDuel, BetRivers, BetMGM, and Unibet.

Tip: Looking for a seriously new sportsbook? Fanatics has plans to launch in Indiana this year. Head to the Fanatics Sportsbook homepage to sign up early for the sports betting app.

Land-Based Indiana Sportsbooks

Indiana has a thriving sports betting scene, and a number of land-based sportsbooks offer a great experience. Let’s take a look at some of the best options available in the state and compare their main features.

The Barstool Sportsbook at Hollywood Casino Lawrenceburg is an excellent destination for bettors, with 25 betting kiosks and 20 HDTV screens to watch multiple games at any one time. Open 24 hours, this sportsbook provides a lively atmosphere for sports enthusiasts.

BetRivers Sportsbook at French Lick Resort Casino, on the other hand, offers a state-of-the-art video wall for live game viewing, as well as multiple in-person betting windows and convenient self-service kiosks to place your bets. This combination of modern technology and traditional service makes it an appealing choice for many bettors.

Lastly, DraftKings Sportsbook at Ameristar East Chicago is another top contender, boasting a 5,300-square-foot space filled with self-service kiosks, big-screen TVs, and an exclusive VIP lounge for a premium sports betting experience. Operating 24/7, this sportsbook caters to visitors around the clock.

Online Sports Betting: How Does it Work in Indiana?

Indiana offers sports betting in person, on mobile, on desktop and on fantasy sports. This level of choice is brilliant compared to many other US States. Let's take a look at the different options in detail.

Indiana Sports Betting Sites

Top Indiana sports betting sites include BetMGM, Caesars Sportsbook, and BetRivers. These online sportsbooks offer various promotions and bonuses for new and existing customers, such as up to $1,250 in bonus for new Caesars Sportsbook customers or a $500 second chance bet for new BetRivers users.

Indiana Sports Betting Apps (Mobile Betting)

Mobile betting is widely available in Indiana, with many online sportsbooks offering dedicated apps for iOS and Android devices. Convenience and accessibility are key benefits of mobile betting, as it allows for real-time updates and placing bets from anywhere within the state borders.

Some of the popular sports Indiana betting apps in Indiana include BetMGM, Caesars Sportsbook, and BetRivers, as well as other options like DraftKings and FanDuel.

Sports Betting Shops in Indiana

Retail sports betting locations are also available throughout Indiana, with various casinos and sportsbooks offering dedicated areas for bettors to place their wagers. These locations provide an exciting atmosphere for those looking to experience in-person sports betting.

Major retail sports betting venues in Indiana include locations such as Ameristar Casino, Blue Chip Casino, and French Lick Resort Casino. According to Indiana law, all online sports betting platforms must have a land-based partner in order to operate.

Fantasy Sports in Indiana

Daily fantasy sports (DFS) is a popular form of betting in Indiana, with platforms like DraftKings and FanDuel allowing users to participate in various contests and compete against other players for cash prizes. This alternative form of sports betting focuses on individual player performance rather than the outcome of entire games or events, catering to those who want a more strategic approach to betting.

Indiana Sports Betting Markets

There are lots of different options for sports betting in Indiana. Let's take a look at some of the most common types of sports wager below.

Moneyline

Moneyline betting is simply backing one team to win. You can place moneyline bets on all sports and they remain the simplest option for beginners.

Total

Total bets predict how many points will be scored in a game. They're particularly common in team games, such as the NBA, NFL, and NHL.

Point Spread

The point spread works kind of like a handicap, where the underdog are given an advantage over the favorite using points. For example, in an NFL game there might be a point spread of 5, meaning that the underdog could lose by a margin of 5 or fewer points and the bet would still be paid out.

Parlay Bets

Parlays are a series of 2 or more bets that must all be correct in order to be paid out. For example, you might place a bet on one team to win their football match, another team to lose their baseball game, and a player to score the final touchdown in a different football match. Only if all three things happened would you win your parlay

Same Game Parlays

These work exactly like parlay bets, except all of the bets you make happen in the same game. These are usually paid out at slightly lower odds than standard parlays.

Prop Bets

Prop bets invite you to bet on certain things happening in sporting events. It could be as simple as a player scoring a certain number of points, or even what color Gatorade is poured over the winning coach of the Super Bowl team.

Indiana's Favorite Sports Teams

We've touched on a few of Indiana's favorite sports teams already, but lets go a little more in-depth.

• The Indianapolis Colts, Indiana’s professional football team, is one of the most popular teams to bet on in the state. They have seen success in the past, including a Super Bowl win, which adds to the excitement of betting on their games.

• Basketball fans can place their bets on the Indiana Pacers, who are part of the NBA. Pacers have built a strong following in the state and are known for their competitive spirit and exciting games.

• Baseball enthusiasts in Indiana have the Indianapolis Indians, a Minor League Baseball team. Although not as popular as the professional football or basketball teams, the Indians offer an interesting betting experience for baseball bettors.

• Lastly, hockey fans can also bet on the Indy Fuel, a professional hockey team in the ECHL. The Indy Fuel provides a more niche betting option for Indiana sports bettors.

What Can’t You Bet On in Indiana?

In Indiana, the betting rules are pretty lenient. However, there are still certain restrictions when it comes to sports betting.

Any Sport Where Competitors are Under 18

Bettors cannot place wagers on esports or any sport where the athletes are under the age of 18. Additionally, live betting on NCAA games is not allowed under Indiana sports betting law.

College Sports Prop Bets

While bettors in Indiana can wager on licensed NCAA Division 1 intercollegiate events, they cannot place in-game player prop bets for any collegiate athletes. Player props are bets on individual player performances, such as points scored or rebounds in a basketball game. This restriction is in place to protect the integrity of the game and the athletes.

Politics

It's illegal for any sportsbook to accept bets on politics within the United States. Indiana is no exception to this rule.

Pros and Cons of Sports Betting in Indiana

There are pros and cons to everything, even sports betting. Let's take a look at some of the biggest arguments for and against placing sports bets in Indiana.

✅Economic benefits: The decision to legalize sports betting has generated a great deal of money for the state of Indiana. This money can be used within the state to fund programs that improve the quality of life for residents.

✅Regulation and oversight: Before Indiana legalized sports betting, unlicensed sportsbooks were the only option for Indiana residents. Now, legal sportsbooks can offer safe platforms that are regularly audited for fairness. Alongside this, bettors can make use of responsible gambling tools.

❌Addiction: The easy availability of sports betting could lead to an increase in gambling addiction. While online sportsbooks are required to offer responsible gambling tools to all of their customers, there is still the potential for risk.

❌Match-fixing: Legal sports betting may inadvertently increase the likelihood of match-fixing. Professional athletes could become susceptible to bribes and manipulation for personal financial gains.

How to Sign Up to the Best Sports Betting Site in Indiana

Signing up for a sports betting site in Indiana is a straightforward process. Before you begin, it’s essential to ensure that the site you’re interested in has a license from the Indiana Gaming Commission. Once you’ve found a reputable site such as DraftKings Sportsbook or FanDuel, follow these simple steps to complete the registration. We're using BetMGM as an example.

Head to the site of your choice

First, head to the Indiana sportsbook of your choice. We'll use BetMGM for this example. Once there, click the Sign Up button to start.

Enter your personal information

A pop up will open and ask for your personal information. It's important that you answer this truthfully as it helps the sportsbook to verify your identity. They have to do this to comply with state law.

Enter your desired login details

Next, you'll be invited to choose your login details. Remember to use a secure and unique password that nobody could guess.

Claim a welcome bonus

Before you make your first deposit, consider claiming the welcome bonus. You can find this along with any necessary promo codes on the bonus page.

How to Deposit Money at Indiana Betting Sites

Making your first deposit at any Indiana sportsbook is easy. Let's use BetMGM as an example:

How to Withdraw Money from Indiana Sports Betting Sites

Want to get your hands on your winnings quickly? Follow these steps to learn how to withdraw money from BetMGM.

Best Indiana Sports Betting Deposit and Withdrawal Methods

Debit Card (Visa / Mastercard)

Debit cards are popular and widely accepted at Indiana sportsbooks. Visa and Mastercard are the most commonly used cards for transactions. Depositing and withdrawing funds through this method provides a quick and straightforward process.

• ✅Pros: Widely accepted, fast processing times for deposits

• ❌Cons: Withdrawal processing times may vary, possible transaction fees

Bank Transfer

Bank transfers offer a secure option for funding your Indiana sports betting account. Many Indiana sportsbooks support transactions with various banks, simplifying the process.

• ✅Pros: Secure method, easy to use

• ❌Cons: Slower processing times for withdrawals, possible fees

PayPal

Indiana sportsbooks allow the use of PayPal for deposit and withdrawal transactions. PayPal is a popular and trusted e-wallet that offers a safe and convenient alternative to traditional banking methods.

• ✅Pros: Fast transactions, easy to use, secure

• ❌Cons: Account setup required, potential fees for transactions

Digital Wallets (Neteller, Skrill, Trustly)

Digital wallets like Neteller, Skrill, and Trustly are also accepted at various Indiana sports betting sites. These platforms provide added layers of security and ease of use for bettors.

• ✅Pros: Enhanced security, fast processing

• ❌Cons: Not all wallets accepted by all sportsbooks, possible fees

Cryptocurrency

Some Indiana sportsbooks allow the use of cryptocurrencies like Bitcoin, Ethereum, or Litecoin for transactions. Crypto offers a high level of privacy and security, making it an appealing choice for some bettors.

• ✅Pros: Secure transactions, privacy

• ❌Cons: Not universally accepted by all sportsbooks, potential fluctuations in cryptocurrency value

Still a little unsure? Here's a recap of the most commonly accepted payment methods in Indiana.

How to Choose the Right Indiana Sportsbook

There are all kinds of factors that go into choosing the right sportsbook, but below is our failsafe guide. We think about all of these things before recommending a sports betting site to you, so they're a good thing to have on hand when choosing your own.

• Reputation and trustworthiness are essential when selecting an Indiana sportsbook. Stick to well-established brands like DraftKings Sportsbook and FanDuel Sportsbook that have a strong presence in the industry and are known for their reliability.

• Competitive odds and pricing are crucial for maximizing profits. It’s a good idea to compare the odds offered by various sportsbooks on the same event. Look for a sportsbook that consistently provides favorable odds and offers features like same-game parlays, such as the ones offered by BetMGM.

• User-friendly interface and platform should be easy to navigate. A smooth, user-friendly experience makes placing bets more enjoyable and less cumbersome. Mobile sports betting apps are also important for on-the-go betting.

• Wide range of sports and betting markets is essential for catering to your interests. The best sportsbooks in Indiana will offer a diverse selection of sports, from mainstream events like the NFL and NBA to more niche markets like darts and e-sports.

• Bonuses and promotions can give you extra value when placing your bets. Look for sportsbooks offering promotions like sign-up bonuses, free bets, and boosted odds. For example, some Arizona sportsbooks offer a no sweat first bet of up to $1,000.

• Customer support should be accessible and responsive. If you encounter any issues while betting, it’s crucial to have a responsive customer support team available to assist you.

What Is the Future of Sports Betting in Indiana?

The future of sports betting in Indiana seems promising as the state has already made significant progress since its legalization in May 2019. Indiana has experienced rapid growth in the sports betting market, with multiple sportsbooks operating in the state, both in retail locations and online. The increased accessibility and ease of use of these platforms have brought in more revenue, impacting the state’s economy positively.

One potential area of growth for Indiana sports betting is the introduction of more betting options on popular sports like college football. Currently, the most popular future bet involves predicting the winner of the College Football Playoff national championship. A more diverse range of betting options and prop bets could attract more users and encourage even higher levels of engagement.

The legalization of betting on esports and other emerging markets could lead to further expansion and increased revenue opportunities for the state.

Best Sports Betting Strategies in Indiana

When betting on sports in Indiana, it’s essential to have a strategy in place to increase your chances of success. Below are a few ideas that can help you manage your bankroll and hopefully net some big wins.

Other Ways to Legally Gamble in Indiana

Indiana offers several other legal gambling options apart from sports betting.

• Land-based casinos: The state is home to 13 casinos, providing a wide array of gaming opportunities such as slot machines, table games, and poker rooms. You can enjoy a full-service gaming experience at the variety of Indiana casinos available.

• Horse racing: is another form of gambling you can legally partake in Indiana. There are two racetrack casinos in the state: Indiana Grand and Hoosier Park. Both venues offer live and simulcast horse racing, along with slot machines and electronic table games. Indiana’s horse racing industry is well-established and provides a thrilling experience for racing enthusiasts.

• Lottery Games: The Hoosier Lottery offers a variety of draw games, scratch-offs, and daily games like Cash 5 and Daily 4. You can also participate in multi-state lotteries such as Powerball and Mega Millions. The lottery’s proceeds contribute significantly towards infrastructure, education, and other public initiatives in Indiana.

• Charitable gaming activities: include events like bingo, raffles, and casino nights. Charitable organizations can obtain licenses to host these events, generating funds for their respective causes. Be sure to check the specific regulations and requirements for each type of charitable gaming activity.

• Fantasy sports: are also legal in Indiana, granting sports fans another engaging gambling option. The industry was established by Senate Enrolled Act 339-2016 and allows residents to participate in paid fantasy sports contests on platforms such as DraftKings and FanDuel.

Should I Bet on Offshore and Gray Market Sportsbooks?

Offshore sportsbooks, like Bovada, are legally operating outside of the United States but can accept bets from US residents. While the platforms are within their rights to offer bets, it is still a gray area in terms of the law for bettors. We recommend only betting with a sportsbook that holds a specific license from the Indiana Gaming Commission.

Pros of Offshore Sportsbooks

✅Offshore sportsbooks often offer a wider variety of betting options and odds

✅Since these sites operate outside of US jurisdiction, they may offer unique promotions and bonuses not available domestically.

Cons of Offshore Sportsbooks

❌The legality of offshore betting can be a gray area, and US bettors may face risks associated with using these platforms.

❌Offshore sportsbooks usually have slower payout times compared to state-regulated sportsbooks, and you

❌ There are often inconsistent rules and regulations across different sites.

❌In the case of disputes or issues, you will have limited legal recourse as these sites do not fall under the Indiana jurisdiction.

❌Offshore sportsbooks are not held to the same standards regarding responsible gambling.

Do You Need to Pay Tax on Gambling Winnings (or Losses) in Indiana?

In Indiana you are required to report all of your gambling winnings, including those from sports betting, on your tax return. If you receive winnings over $600, the betting site should send both you and the IRS a tax form.

It’s important to keep track of both your winnings and losses, as you can deduct losses up to the amount of your winnings. To do this, you’ll need to itemize your deductions on your tax return. Remember, deductions for losses are only allowed if you have sufficient documentation, such as receipts, tickets, or statements.

In Indiana, you’ll also be subject to state income taxes on your winnings. The tax rate for gambling winnings in Indiana is currently 3.23%. Keep in mind that this applies to your total winnings, not just the amount above $600.

Here’s a breakdown of tax rates on sports betting winnings in Indiana:

To summarize, you should be prepared to pay both federal and Indiana state income taxes on your winnings. Make sure to report all your winnings on your federal and state tax returns, and maintain proper documentation of your betting activities to substantiate your losses if you choose to deduct them.

Responsible Gambling in Indiana and Where to Seek Help

If you feel like your gambling is getting out of hand, there are lots of ways that you can seek help. A few of the simplest and most effective are below.

Self Exclusion

One of the key measures in Indiana is the self-exclusion program. This allows individuals who believe they have a gambling problem to voluntarily exclude themselves from gambling activities. There are three duration options: one year, five years, or a lifetime. To remove yourself from the list after the chosen period, a visit to the commission office or a mailed request is required.

Take a Break

For some people, a break from gambling is sufficient. If you want to take a pause from sports gambling then this option should be available at any legal sportsbook in the state. You can choose to take a break for 24 hours up to 6 weeks.

Deposit/Loss/Time Limits

Within the responsible gambling tool section of any legal sportsbook, you'll find options to set limits on time, losses, and deposits. These can all help you to manage your bankroll and stay in control of your gambling.

Responsible Gambling Organizations in Indiana

• National Problem Gambling Helpline: Available 24/7, the helpline can be reached at 1-800-522-4700.

• Indiana Council on Problem Gambling: Contact them at 317-632-1364, or visit their website for more resources.

• Sports Wagering and Paid Fantasy Sports Division: This is the official body tasked with promoting responsible gambling on sports and fantasy sports within Indiana. Learn more about their role on the IGC Sports Wagering and Paid Fantasy Sports webpage.

Remember to always gamble responsibly and seek support when needed.

Frequently Asked Questions