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Indiana Governor Eric Holcomb signed a sports wagering bill into law on May 8, 2019, and the state became the 13th US state to officially legalize sports betting in September of 2019.
Governor Holcomb placed the first wagers in the state on September 1st, when he placed a bet on the Colts to with the Super Bowl, the Pacers to win the NBA Championship, and the Fever to win their game that night.
Prior to the start of the 2019 season, BetRivers, DraftKings, and FanDuel were all live and accepting online and mobile bets in Indiana. Indiana's total handle topped $1.7 billion in 2020, its first full year with legal sports betting.
As anyone that has followed the path to legal sports betting in the US is aware of, not all bills are created equal. We have seen states like Tennessee make it difficult for operators to enter the market due to high tax rates. We have also seen states like Illinois ban betting on college teams from the state, while others like Colorado banned betting on e-sports.
Indiana's bill is extremely favorable to both sports bettors and operators. The current tax rate is set to 9.5% on all revenue, and they did not restrict college sports or e-sports whatsoever.
This means Indiana residents and vistors are able to bet on all professional sports including the NFL, NBA, NHL, MLB, and PGA Tour. Additionally, they can bet on every college team for every college sport the operators in the state offer. This includes both college football and college basketball.
As we have seen with most states that have legalized sports betting in the United States, Indiana is requiring online and mobile sportsbooks to partner with one of the state's established casinos. There are 14 casinos in the state, and several have already struck partnerships with online sportsbooks.
In addition to the options listed in the table below, Fox Bet, Penn Sports, and SBK are all expected to enter the market sometime in 2021. It is worth pointing out that casinos may partner with more than one sportsbook if they choose to do so.
|Online Book||Casino Partner||Launch Date|
|BetMGM||Belterra Casino||February 2020|
|BetRivers||French Lick Resort||October 2019|
|DraftKings Sportsbook||Ameristar Casino||October 2019|
|FanDuel Sportsbook||Belterra Casino||October 2019|
|FanDuel Sportsbook||Blue Chip Casino||October 2019|
|PointsBet||Lawrenceburg's Hollywood Casino||March 2020|
|Unibet||Tropicana Evansville||July 2020|
|William Hill||Tropicana Evansville||October 2020|
2021 Kicks Off With Strong Year-Over-Year Growth - The Indiana sports betting industry started 2021 where it left 2020, with record-breaking growth. The state saw $347,325,977 in total wagers on sports. Of course, in the Hoosier state, basketball is king, accounting for over half of all wagers in the state.
Indiana Posts Five Straight Months of Growth - Sports betting revenue was up to $348.2 million in January, from $313.1 million in February. This marked five consecutive months of growth in Indiana. Clearly in-state bettors can carry this state's market forward, as online sports betting launching in Illinois and Michigan has had no effect on Indiana's handle.
In addition to not limiting what sports and teams bettors can wager on in the state, Indiana also chose to allow sportsbooks to offer any type of promotion they wish. This means Indiana sports bettors can take advantage of a wide variety of offers including free bets, risk-free bets, and deposit bonus offers.
Here are some details for each type of offer you will find in Indiana this February:
Deposit Bonus - If you register with a sportsbook offering a deposit bonus, such as PointsBet or Unibet this February, expect to receive a bonus equal to your total initial deposit. These funds are subject to rollover requirements, which can range from 2x at PointsBet and Unibet to 25x at DraftKings.
Free Bets - If you take advantage of a free bet promotion this February you can expect to have a bet voucher added to your account once you make your initial deposit. With PointsBet, the free bet would be equal to your initial deposit, capping at $2,000. With Unibet, the two $10 free bets are in addition to the 100% deposit bonus.
Risk-Free Bets - Risk free bets are the most common offer in Indiana this February. Sportsbooks like William Hill, BetMGM, FanDuel, and DraftKings are all offering a risk-free bet promotion. This promo is very simple, if your first bet does not cash, the book will reimburse you within 48 hours. Rollover requirements apply, refund never eligible for withdrawal at FanDuel.
Our team weighs several factors into determining which promotion to recommend for every state. These include not only the quality of the offer, but the terms attached to the offer and the quality of the sportsbook product (site, app, lines, support). In Indiana, our top-rated offers from Indiana are the $1,000 risk-free bet offer from FanDuel and $500 deposit bonus from PointsBet.