Is Sports Betting Legal in Indiana?
In 2019, the state of Indiana legalized sports betting, making it the 13th state in the US to do so. Since then, Indiana has become one of the most active and successful sports betting markets in the country.
The legalization of sports betting in Indiana was made possible through the passage of House Bill 1015 in 2019. This bill paved the way for the Indiana Gaming Commission to oversee and regulate the sports betting industry in the state. The commission is responsible for issuing licenses to sports betting operators, monitoring their activities, and enforcing rules and regulations.
If you're looking to place bets on sports in Indiana, you have several options. You can visit one of the many retail sportsbooks located throughout the state, or you can sign up for Indiana online sports betting. Online sports betting in Indiana has become increasingly popular due to its convenience and accessibility. To participate in Indiana online sports betting, you must be physically located within the state and be at least 21 years old.
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Indiana is the 13th state to legalize sports betting, with the Indiana Gaming Commission approving the measure in 2019. |
Indiana sportsbooks took in $235.5 million in bets in the first six months of operations. |
The Indiana sports betting market has grown to a total of 11 operators in the state. |
The total amount wagered in Indiana in 2020 was $845.2 million, a 253.9% increase from 2019. |
The total amount of sports betting revenue in Indiana in 2020 was $67.7 million, a 536.7% increase from 2019. |
The most popular sports to bet on in Indiana are football (35.3%), basketball (27.3%), and baseball (12.4%). |
Indiana sportsbooks have paid out $711.5 million in winnings since the launch of sports betting in the state. |
Gambling Age in Indiana |
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If you're interested in sports betting in Indiana, it's important to be aware of the state's gambling age requirements. In Indiana, the legal gambling age is 21 years old. This means that if you're under 21, you are not legally allowed to place bets on sports or participate in other forms of gambling in the state.
This age requirement applies to both retail sportsbooks and Indiana online sports betting. When signing up for an online sports betting account, you'll be required to provide personal information to verify your age and identity. If you're not 21 years old or older, you won't be able to complete the registration process and won't be allowed to place bets.
It's important to note that Indiana takes underage gambling very seriously, and there are strict penalties for individuals and businesses that violate the state's laws. So, if you're not yet 21, we strongly advise against attempting to place bets on sports or engage in any other form of gambling in Indiana.
History of Legalization of Sports Betting in Indiana
The journey towards legalizing sports betting in Indiana has been a long and winding one. Since the legalization of sports betting in Indiana, the state has seen a surge of interest and investment in the industry. With a well-regulated and thriving sports betting market, Indiana is now a major player in the US sports betting landscape.
1989 | The Indiana General Assembly passes the Riverboat Gambling Act, which allows for the construction and operation of riverboat casinos in the state. |
1993 | The first riverboat casino opens in Indiana, marking the beginning of a new era in the state's gambling industry. |
2007 | The state of Indiana passes legislation that allows for the operation of land-based casinos. |
2015 | The state's first daily fantasy sports bill is introduced, but it ultimately fails to pass. |
2018 | The US Supreme Court strikes down the Professional and Amateur Sports Protection Act (PASPA), paving the way for individual states to legalize sports betting. |
2019 | The state of Indiana passes House Bill 1015, legalizing sports betting in the state. |
September 1, 2019 | The first retail sportsbook in Indiana opens at the Ameristar Casino in East Chicago. |
October 3, 2019 | Indiana online sports betting officially launches, with several licensed operators going live on the same day. |
Taxes on your Winnings
If you're planning to participate in Indiana online sports betting, you may be wondering whether you'll be required to pay taxes on your winnings. The short answer is yes - any income you earn from sports betting, including online sports betting, is subject to federal and state income taxes.
In Indiana, the state income tax rate is 3.23%, and any gambling winnings are considered taxable income. This means that if you win money through Indiana online sports betting, you'll be required to report those winnings on your state tax return and pay taxes on them.
It's also worth noting that sports betting operators in Indiana are required to report any winnings of $600 or more to the IRS. If you win more than $600 on a single bet, you'll receive a Form W-2G from the operator, which you'll need to report on your federal tax return.
For example, let's say you win $1,000 on a single bet through Indiana online sports betting. You'll receive a Form W-2G from the operator, and you'll need to report that $1,000 as taxable income on your federal tax return. In addition, you'll need to report any other winnings you received throughout the year on your state tax return and pay taxes on them accordingly.
In short, winnings from Indiana online sports betting are subject to both federal and state income taxes.
Top Indiana Online Sports Betting Sites
In this section, we'll take a closer look at some of the best options available, including Barstool sportsbook Indiana, BetRivers Indiana, BetMGM Indiana, FanDuel sportsbook Indiana, and Unibet Indiana. Whether you're a seasoned sports bettor or just getting started, these sites offer a wide range of betting options and features to suit your needs.
Barstool sportsbook Indiana |
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Barstool is known for its fun and engaging approach to sports betting. They offer a wide variety of sports to bet on and have a great mobile app that's easy to use. They also have some of the best promotions and bonuses in the industry, including a welcome bonus of up to $1,000.
BetRivers Indiana |
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BetRivers has a user-friendly platform that's perfect for beginners. They offer competitive odds on a wide range of sports, including some of the more niche options like darts and cricket. They also have a great rewards program, giving bettors the opportunity to earn points for every dollar wagered.
BetMGM Indiana |
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BetMGM is known for its top-notch customer service and extensive selection of sports and betting options. They have a great mobile app that's easy to navigate and offer some of the most competitive odds in the industry. They also have a generous welcome bonus of up to $1,000.
FanDuel sportsbook Indiana |
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FanDuel is a great choice for sports bettors who love live betting. They have a wide variety of live betting options and also offer a cash-out feature, allowing bettors to settle their bets before the game is over. They also have some of the best promotions and bonuses in the industry, including a risk-free bet up to $1,000 for new users.
Unibet Indiana |
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Unibet is a great option for bettors who enjoy niche sports and betting markets. They offer odds on a wide range of international sports and also have a great selection of player and game props. They also have a user-friendly platform and offer competitive odds on all major sports.
Top Indiana Sports Betting Apps
In this section, we'll take a closer look at some of the top Indiana sports betting apps available, including DraftKings sportsbook Indiana, Caesars Indiana sportsbook, Bet365 Indiana, Hard Rock Sportsbook Indiana, and FOX Bet Indiana. These apps offer a convenient and easy way to place bets no matter where you are.
DraftKings Sportsbook Indiana |
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DraftKings is known for its user-friendly app and wide variety of sports and betting options. They offer a range of promotions and bonuses, including a welcome bonus of up to $1,000. DraftKings also has a great live betting feature, allowing users to place bets on games as they happen.
Caesars Indiana Sportsbook |
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Caesars is a great option for bettors who enjoy a wide range of betting options. They offer competitive odds on all major sports and also have a great selection of props and futures. Their app is user-friendly and easy to navigate, making it a great choice for beginners.
Bet365 Indiana |
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Bet365 is known for its extensive selection of sports and betting options. They offer competitive odds on all major sports and also have a great mobile app that's easy to use. Bet365 also has a great live betting feature, allowing users to place bets on games as they happen.
Hard Rock Sportsbook Indiana |
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Hard Rock is a great choice for bettors who enjoy a wide range of promotions and bonuses. They offer a generous welcome bonus of up to $1,000 and also have a great loyalty program for regular users. Their app is also user-friendly and easy to navigate.
Indiana Online Sports Betting
Indiana is a state that's passionate about sports, and sports betting is no exception. But which sports players from Indiana are people betting on the most? In this section, we'll take a closer look at some of the most popular sports and players that Indiana sports bettors are wagering on at online sportsbooks. From basketball to football and beyond, there's no shortage of options for sports bettors in Indiana.
Basketball | Basketball is one of the most popular sports in Indiana, and it's no surprise that the Indiana Pacers are a favorite team to bet on. NBA superstar and Indianapolis native Gordon Hayward is also a popular player that Indiana sports bettors are wagering on. |
Football | Football is another hugely popular sport in Indiana, and the Indianapolis Colts are a favorite team for sports bettors to wager on. Star quarterback Carson Wentz has also been attracting a lot of attention from Indiana sports bettors. |
Baseball | Baseball is a popular sport in Indiana, and the Indianapolis Indians, the Triple-A affiliate of the Pittsburgh Pirates, are a popular team to bet on. Fans of the sport also enjoy betting on major league baseball games and players, with the Cincinnati Reds and Chicago Cubs being popular choices. |
College sports | Indiana is home to a number of college sports teams, including the Indiana Hoosiers and the Notre Dame Fighting Irish. College football and basketball games are particularly popular among sports bettors in Indiana. |
Golf | Golf is a popular sport for betting in Indiana, with the sport's biggest names, including Tiger Woods, Rory McIlroy, and Dustin Johnson, drawing plenty of attention from sports bettors. Major golf tournaments like the Masters, U.S. Open, and PGA Championship are also popular events to bet on. |
Esports | Esports is a growing industry, and Indiana sports bettors are taking notice. Games like League of Legends, Dota 2, and Counter-Strike 2 are popular options for esports betting, with events like the League of Legends World Championship and The International Dota 2 Championship drawing plenty of attention. |
Horse Racing | Horse racing is a long-standing tradition in Indiana, with the Indiana Grand Racing & Casino hosting live races from April to November each year. The Kentucky Derby is also a hugely popular event to bet on for Indiana sports bettors. |
Overall, Indiana sports bettors have a wide range of options when it comes to sports betting, with golf, esports, and horse racing being just a few of the many popular options available. Whether you're a fan of traditional sports like basketball and football or prefer more niche options like esports and horse racing, Indiana's sports betting scene has something for everyone.
Bonuses Offered By Indiana Sportsbooks
The bonuses offered by online sportsbooks operating in Indiana are typically similar to those in other states, although there may be some variations from book to book. Sportsbooks in Indiana typically offer similar types of bonuses to those offered in other states, including welcome bonuses, free bets, deposit matches, and risk-free bets.
Sportsbooks operating in Indiana often offer special bonuses and promotions to coincide with major sporting events, including the NHL playoffs, NBA Finals, and other popular events. These bonuses can take many forms, including enhanced odds, free bets, risk-free bets, and more.
However, the specific terms and conditions of these bonuses may vary from state to state and even from book to book. For example, the size of the welcome bonus may differ between sportsbooks, and the requirements for claiming and using the bonus may also vary. Some sportsbooks may require bettors to wager a certain amount before the bonus funds can be withdrawn, while others may have time limits on when the bonus must be used.
It's important to carefully read the terms and conditions of any bonus offer before claiming it, regardless of which state you're betting in.
Payment Methods Accepted By Indiana Online Sportsbooks
Online sportsbooks operating in Indiana typically offer a range of payment methods for bettors to choose from.
VISA | VISA is a popular payment method for online sports betting, as it's widely accepted and easy to use. Most sportsbooks in Indiana accept VISA credit and debit cards. |
PayPal | PayPal is a popular e-wallet that can be used to make deposits and withdrawals at many online sportsbooks in Indiana. It's fast, secure, and widely accepted. |
Skrill | Skrill is another popular e-wallet that can be used to make deposits and withdrawals at many online sportsbooks. It's fast and secure, and is a great option for those who prefer not to use a credit or debit card. |
Pre-paid VISA | Prepaid VISA cards are a good option for bettors who prefer not to use a traditional credit or debit card. These cards can be purchased at many retail locations and can be used to make deposits at most online sportsbooks in Indiana. |
Netspend | Netspend is a prepaid debit card that can be used to make deposits at many online sportsbooks. It's easy to use and widely accepted. |
Google Pay | Google Pay is a digital wallet that can be used to make deposits and withdrawals at some online sportsbooks. It's fast, secure, and widely accepted. |
Venmo | Venmo is a peer-to-peer payment app that can be used to make deposits at some online sportsbooks in Indiana. It's easy to use and can be a good option for those who prefer not to use a traditional payment method. |
How do I place a sports bet in Indiana?
The process of signing up for Indiana online sports betting is simple and straightforward. You'll need to create an account with a licensed sports betting operator and provide some basic personal information to verify your identity. Once your account is set up, you can make deposits, place bets, and manage your account from anywhere within the state.
Choose a sportsbook:
First, choose the online sportsbook that you want to sign up with. Make sure to read reviews and compare different sportsbooks to find the one that best suits your needs.
Visit the sportsbook's website:
Once you've chosen a sportsbook, visit their website to begin the sign-up process. Look for a "Join" or "Sign Up" button to get started.
Provide personal information:
The sportsbook will ask you to provide some personal information, including your name, address, and date of birth. You'll also need to create a username and password.
Verify your identity:
In order to comply with state regulations, the sportsbook will need to verify your identity. This may involve providing a copy of your driver's license or other identification.
Make a deposit:
Once your account is set up and your identity is verified, you can make a deposit into your account. Most sportsbooks in Indiana accept a variety of payment methods, including credit and debit cards, PayPal, and more.
Place your bets:
With your account set up and funded, you're ready to start placing bets! Browse the sportsbook's offerings and choose the sports and games that you want to bet on.
Frequently Asked Questions
What types of sports betting are legal in Indiana?
Sports betting is legal in Indiana for both professional and collegiate sports, as well as for international sporting events.
How old do you have to be to bet on sports in Indiana?
To bet on sports in Indiana, you must be at least 21 years old.
What types of bets can you make on sports in Indiana?
Indiana sports bettors can make a wide range of bets, including point spreads, moneylines, totals, futures, props, and more.
What sportsbooks are available to bet on sports in Indiana?
There are a number of sportsbooks available to bet on sports in Indiana, including Barstool Sportsbook, BetMGM, DraftKings, FanDuel, and more.
How do you deposit and withdraw money from your sports betting account in Indiana?
Indiana sports bettors can typically deposit and withdraw money using a variety of methods, including credit and debit cards, e-wallets like PayPal and Skrill, and pre-paid cards.
What Indiana sports teams can you bet on?
Indiana sports bettors can bet on a variety of professional and college teams, including the Indianapolis Colts, Indiana Pacers, Notre Dame Fighting Irish, and more.
What are the Indiana sports betting rules and regulations?
Indiana sports betting is regulated by the Indiana Gaming Commission, which sets rules and regulations to ensure the integrity of sports betting in the state.
What are the Indiana taxes on sports betting winnings?
In Indiana, sports betting winnings are subject to state and federal taxes. The state tax rate is currently set at 9.5%.
What happens if you bet on a sports event in Indiana that gets cancelled?
If a sports event that you've bet on is cancelled or postponed, the sportsbook will typically refund your bet or offer an alternate bet.
What consumer protections are in place for sports bettors in Indiana?
Indiana sports bettors are protected by the state's regulatory framework, which ensures that sportsbooks operate fairly and transparently. Additionally, sports bettors can seek assistance from the Indiana Gaming Commission if they have any complaints or concerns.
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