Indiana Sports Betting: Best IN Online Underscoreg Sites July 2024

Indiana sports betting quick facts

Indiana betting promos and bonuses

The competitive sports betting industry in Indiana is fierce, with each operator vying for new players’ trust and business. To attract sign-ups, the top online betting apps in Indiana offer generous welcome promotions as a marketing strategy. Check out the best Indiana sportsbook promos available from the state’s 12 online sportsbooks and betting apps.

Although the top sportsbook promotions mainly target new players, veteran bettors who already have accounts with multiple mobile sports betting sites may be wondering what’s in it for them. For experienced bettors, there are daily odds promotions, loyalty rewards, and exclusive VIP experiences that operators offer to encourage them to stay and continue betting.

Top Indiana betting sites

All Indiana betting sites strive to differentiate themselves in a competitive market by providing distinctive user experiences. Below are the key features that sportsbooks in Indiana are renowned for, and factors to consider when selecting a new account.

Why FanDuel is the best sportsbook in Indiana

FanDuel started in daily fantasy sports, but now competes strongly with DraftKings and other online sportsbooks in Indiana. The current offer is a bet $5 and get $200 in bonus bets if your bet wins, with no need for a FanDuel promo code.

Searching for FanDuel on Apple and Android devices will show that it is considered one of the top sports betting apps in the country by users of both platforms. FanDuel has gained the trust of its users through generous sign-up offers, daily odds boosts, loyalty rewards, and a reputation as one of the best live betting sites. Throughout the summer, both new and existing users can enjoy daily bonuses and boosts.

FanDuel stands out as one of the few sports betting sites that provide live video streaming of certain events, allowing you to monitor your bets in real-time within the app. Additionally, their account security is top-notch and they offer exceptional customer support to address your inquiries on your own time.

Take a look at our comprehensive review of FanDuel for more information. Compare FanDuel to another well-known sportsbook: FanDuel vs. DraftKings.

Other Indiana online sportsbooks

Caesars Indiana

A renowned Nevada brand has made its debut in Indiana. New players at Caesars can receive up to $1,000 for their first bet by using the promo code SBRBONUS1000 at sign-up.

Caesars is consistently recognized as one of the top five sports betting sites and apps, renowned for its exceptional customer service catering to players, both new and experienced.

• App Store ratings: 4.6 (iOS), 4.1 (Android)
• Sign-up bonus: $1,000 first bet on Caesars
• Payout speed: Within 24 hours

Check out our review of Caesars to find out where you can place sports bets in Indiana.

DraftKings Indiana

DraftKings has adopted a more understated approach to its welcome bonuses for new players. New customers can benefit from a special offer of betting $5 and receiving $150 in bonus bets. No promo code from DraftKings is necessary.

• App Store ratings: 4.8 (iOS), 4.5 (Android)
• Sign-up bonus: Bet $5, get $150 in bonus bets
• Payout speed: Within 24 hours

DraftKings Review: The Best Place to Bet on Sports in Indiana

BetMGM Indiana

You may have already viewed the Jamie Foxx commercials and if he has succeeded, you likely recognize BetMGM as the leading provider of parlay betting in Indiana, offering more parlay betting options than any other operator.

BetMGM is especially proud of its welcome offer of up to $1,500 in bonus bets. Make sure to use the BetMGM bonus code SBRBONUS when signing up. If your first bet is unsuccessful, BetMGM will add bonus bets to your account equal to the amount of the bet. Bets of $49 or less will be given as one bonus bet, while bets of $50 or more will be divided into five equal parts. For instance, if you place a $200 initial bet that loses, you will receive five separate $40 bonus bets.

• App Store ratings: 4.8 (iOS), 4.6 (Android)
• Sign-up bonus: Bet $5, get $150 in bonus bets
• Payout speed: 1-2 business days

Review of BetMGM: The Best Place to Bet on Sports in Indiana

BetRivers Indiana ⚡

BetRivers was among the earliest online sportsbooks to debut in Indiana. New players can receive a second chance bet of up to $500 by entering the BetRivers bonus code SBRBONUS. In the event that your initial bet is unsuccessful, BetRivers will provide you with $500 in bonus bets to utilize.

• App Store ratings: 4.7 (iOS); 3.6 (Android)
• Sign-up bonus: Second chance bet up to $500
• Payout speed: 1-14 business days

Review of BetRivers: A Guide to Sports Betting in Indiana

Fanatics Indiana 

Fanatics, a prominent sports merchandise retailer in the U.S., aims to elevate its status and achieve the same level of recognition as DraftKings, FanDuel, and other competitors. New customers can receive up to $1,000 in bonuses without the need for a Fanatics promo code.

• App Store rating: 4.7 (iOS); 4.2 (Android)
• Sign-up bonus: Up to $1,000 in bonus bets
• Payout speed: Within 24 hours

Indiana sportsbooks honorable mentions

While not making our top five Indiana mobile sportsbooks, these eight operators are still worth your time to review their sportsbook evaluations written by SBR’s editorial team.

• Bally Bet review
• Betway review
• ESPN BET review
• Hard Rock review
• SBK review

How we rate and review Indiana sportsbooks

The SBR editorial team devotes extensive time to evaluating every Indiana sportsbook that emerges in the market. Their objective is to educate players, providing them with thorough information on each operator’s offerings, distinguishing features, and reasons why they stand out as top sports betting sites in Indiana. Throughout their review process, they prioritize several key categories to assess online sportsbooks.

Welcome bonuses and promotions

Have you heard the saying, “You never get a second chance to make a first impression”? Indiana’s sportsbooks are certainly taking that to heart, offering generous welcome bonuses and enticing ongoing promotions to keep new players engaged. Hoosier State players can expect to find popular welcome bonuses such as first deposit matches, first bet insurance, and bonus bets. For existing customers, common promotions include odds boosts, reduced vig, free bets, and loyalty reward programs that offer exclusive experiences and VIP getaways.

User experience

Everyone has their own preferences, but when it comes to the user experience of online sportsbooks and sports betting apps, there are several key factors to consider. These include the ease of the sign-up process, the availability of a generous welcome bonus, the convenience of banking methods, the safety of the platform, the ease of navigation, and the accessibility of customer support.

Sports bet variety

This aspect is often underestimated when evaluating online sportsbooks as a whole. While we are aware that Indiana’s operators offer NFL, MLB, NBA, and NHL betting options, it is important to consider what other sports and events are available on the odds board. Are there opportunities to bet on UFC fights, PGA golf tournaments, international tennis majors, European soccer such as the UEFA Champions League, Aussie rules football, and upcoming pop culture award shows? These diverse markets distinguish a “good” sportsbook from a truly exceptional one. It is crucial to keep the selection of betting options varied and exciting, as the major US leagues can sometimes lose their appeal over time.

Banking options

Prior to the legalization of sports betting in Indiana and across the US, a challenge for new players was the difficulty in finding a reliable and user-friendly banking solution. Nowadays, sports betting sites in the Hoosier State offer a variety of convenient options for deposits and withdrawals, including major credit and debit cards, Paypal, ACH bank wire transfers, and various e-wallet choices.

Payout speed

The most difficult aspect is the wait. Indiana’s mobile betting sites take pride in their quick withdrawal processing times and fast payout speeds. Most operators process requests in less than 48 hours, with funds typically reaching your linked account in under five business days. However, if you opt for a physical check, be prepared for a 15-business-day waiting period before it arrives in the mail.

Security and customer support

The Indiana Gaming Commission ensures the regulation of sportsbooks, with a focus on maintaining the security of personal and financial data. It is important to choose legal Indiana sportsbooks that utilize advanced encryption software to safeguard your information during transactions between bank and sportsbook accounts.

In the event that you come across any issues with your account, banking, betting markets, odds, or forgotten password, a reputable sportsbook will have customer support available 24/7 through email, phone, and live chat. The sports betting industry operates non-stop, and top-notch sportsbooks ensure that every player has access to around-the-clock assistance.

How to start betting in Indiana

After researching the top Indiana online sportsbooks and understanding how SBR’s editorial team evaluates each operator, are you ready to start placing bets? Before you gamble on the Colts winning Super Bowl 58 or the Indiana Hoosiers becoming a Cinderella Story in March Madness, here is a quick guide on how to get started and build your bankroll.

1. Select a sportsbook licensed in Indiana

Congratulations on discovering a top-rated online sportsbook or sports betting app! If you’re looking for additional details on Indiana’s 11 operators, be sure to explore SBR’s unbiased and comprehensive reviews. Once you’re prepared, download the sports betting app onto your Apple or Android device.

2. Register online

Signing up for Indiana online sportsbooks or sports betting apps is quick and simple, typically taking less than five minutes to complete. In order to register, you will need to provide basic personal information such as your full name, home address, email address, date of birth, and social security number. The inclusion of your social security number helps to verify your identity, preventing the creation of multiple accounts in your name. Additionally, providing this information can expedite the payout process when you are ready to cash out your winnings.

The operator will probably send you an email verification for you to click on in order to activate your account. Additionally, you will need to create a unique username and password. For the best security, make sure your password is at least eight characters long and includes a combination of uppercase and lowercase letters, numbers, and special symbols.

3. Deposit and claim a bonus

After finishing the registration and account verification, proceed to the cashier to link your preferred banking method. Indiana sportsbooks typically accept major credit and debit cards, Paypal, and ACH bank wire transfers. Once your banking method is connected to your sportsbook account, you can make your first deposit. Be sure to have a promo code ready if needed to claim the welcome bonus offered by some sports betting sites. Forgetting the promo code could result in missing out on free bonus bets, deposit matches, or first-bet insurance.

4. Select and finalize your bet

The exciting part is here! Begin by exploring the online sportsbook or sports betting app to familiarize yourself with the variety of betting markets offered by your operator. In addition to NFL, NBA, MLB, and NHL odds, every Indiana sportsbook also provides opportunities to wager on international sporting events like PGA golf, European soccer, tennis majors, and UFC fights worldwide.

You will create your bet slip using moneyline, point spread, and over/under odds, as well as explore live in-game betting, parlays, and teasers. Sport-specific player prop odds are gaining popularity among new bettors, and are available in every market except college sports in Indiana.

5. Win and withdraw your payout

After hitting a three-leg parlay, you can cash out by returning to the cashier’s page where you made your initial deposit. Request a withdrawal and enter the amount you want to transfer back to your primary account. You can choose to withdraw via Paypal, bank wire transfer, or other e-banking methods. Keep in mind that if you opt for a physical check to be mailed to your home address, it will take about 15 business days to arrive.

Indiana sports betting handle

Indiana sportsbooks saw a record-breaking $4.44 billion in wagers in 2022, marking a 15% increase from the previous year. Despite losing two online sportsbooks, TwinSpires and MaximBet, Indiana still generated nearly $37 million in tax revenue from sports betting.

It is worth noting that the January 2023 handle saw a slight decrease compared to the previous year, possibly due to Ohio legalizing online sports betting on January 1, 2023. Prior to this, residents of Ohio would often travel to Indiana to place their sports bets legally.

In 2023, the total handle of $4.33 billion was slightly lower than the $4.47 billion handle in 2022. However, 2024 has begun with strong momentum and is on track to break previous records.

2024 handle

2023 handle

Indiana sports leagues and teams to bet on

As the Indianapolis Colts pin their hopes on Anthony Richardson becoming the next star quarterback and the Indiana Pacers aim to capitalize on their strong performance in the 2024 Eastern Conference Finals, it is crucial for newcomers to sports betting to understand that consistently betting on hometown or local teams may not be the wisest strategy. Why? Allowing personal bias and emotions to dictate betting decisions can lead to risky outcomes where rationality is disregarded. Before placing bets on Indiana teams, it is essential to consider factors such as weather conditions, player injuries, suspensions, and changes in the depth chart to make informed decisions.

Betting solely on the big-four sports – NFL, MLB, NHL, and NBA – can easily become a habit. However, Indiana online sportsbooks provide a wide range of betting options beyond just these sports, including PGA tournaments, international tennis tournaments, UFC main events, and college basketball’s March Madness. If you’re not betting on the NCAA tournament, can you truly consider yourself a true Hoosier?

Sports bettors have the option to explore the premier sportsbooks for individual sports, leagues, playoffs, and categories.

Legal sports betting and regulations in Indiana

At the beginning of 2022, Indiana had 15 legal online sportsbooks, but by the end of the year, only 13 were still operating. TwinSpires and MaximBet both closed their platforms, while Betr’s sportsbook and app were set to launch in November 2022. As of March 2024, there are now 12 options for online sports betting in the state.

Retail sportsbooks in Indiana opened just a month before online sports betting became legal in 2019. Currently, there are 15 retail sportsbooks spread across the state, including locations in Gary, Indianapolis, and French Lick, the hometown of Larry Bird.

Who can bet on sports in Indiana?

Legal age

To participate in sports betting in Indiana, individuals must be at least 21 years old, whether betting in person at a retail location or using a mobile sportsbook.

Mobile betting

It is legal to place bets on sports in Indiana using a laptop computer or a sports betting app on Apple/Android devices. The Indiana Gaming Commission closely monitors how operators use the data collected from players who use online sportsbooks or sports betting apps.

Remote registration

Indiana sports bettors are able to register for an online sportsbook or sports betting account without having to visit a physical retail location. Registration can be completed from the convenience of one’s home, or while staying at an Airbnb or hotel.

Within state borders

You do not need to be a permanent resident of Indiana to place sports bets, but you must be physically located within the state when logging in and placing a wager due to geotagging software used by operators. If you are outside of Indiana, your account will be flagged and you will not be able to log in or place a bet.

Retail sportsbooks

Indiana offers 15 retail sportsbooks where you can experience the thrill of March Madness. If you want to feel the excitement, head to a Hoosier State sportsbook!

Taxable winnings

The federal tax rate on sports betting profits is approximately 24%, and Indiana will also receive 3.23% of winnings over $600. It is important to keep track of all wagers throughout the year in order to deduct losses from profits and reduce the overall tax burden.

What you can’t bet on in Indiana

Indiana has a relaxed approach to legal betting markets, with most events being open for wagering. However, there are still some pop culture categories that are a work in progress and not available for betting at Indiana sportsbooks.

Politics ❌

Betting on political events, including the 2024 U.S. election, is prohibited by the Indiana Gaming Commission. As a result, such odds will not be available for wagering on in the state.

Entertainment award ceremonies ✅

In Indiana, it is legal to place bets on award ceremonies such as the Oscars, Emmys, and Grammys. This provides an opportunity for individuals to test their knowledge of pop culture and predict the winners of categories like Best Actor and Album of the Year.

eSports ❌

Despite Indiana’s progressiveness in sports betting, it’s somewhat unexpected that eSports wagering is not allowed in the state. Given the global popularity of video game tournaments, this decision represents a missed opportunity for Indiana to generate additional revenue.

What about Indiana college sports?

You are able to place bets on college sports, including Indiana college teams such as the Indiana Hoosiers, Purdue Boilermakers, Notre Dame Fighting Irish, and Evansville Purple Aces. However, it is important to note that college player props are not allowed to be displayed on sports betting odds boards.

IN sports betting key developments and updates

Responsible sports betting in Indiana

The Indiana Gaming Commission is responsible for regulating and overseeing sports betting in the state. Their goal is to create a fair and transparent environment that promotes economic growth while ensuring integrity in all activities within their jurisdiction. In other words, the IGC aims to use sports betting revenue to benefit Indiana while closely monitoring operators through audits and enforcement of laws. The commission reviews applications, approves licenses, promotes responsible gambling, and issues fines when necessary.

The IGC requires operators to pay an annual fee of $50,000, and both retail and online sportsbooks are subject to a 9.5% tax rate. A unique requirement in Indiana is that online sportsbooks must be affiliated with a retail location.

You can reach the IGC’s gambling problem hotline at 1-800-9-WITH-IT.

National U.S. gambling support hotline: 1-800-GAMBLER

Underscoregs to avoid in Indiana

Prior to the legalization of sports betting in Indiana in 2019, limited options were available to players. Many Hoosiers likely traveled to Las Vegas during events like March Madness or the Super Bowl. Alternatively, some may have turned to unauthorized offshore sportsbooks, which are not licensed to provide betting services in the US and are not regulated by the Indiana Gaming Commission.

Throughout history, offshore sportsbooks have consistently been known for their complex banking processes, especially when it comes to deposits and withdrawals. The three blacklisted sites highlighted in Underscoreg Review demonstrate the lack of ethics in some operators, who fail to pay out winnings or make them disappear entirely. SBR urges Indiana sports bettors to steer clear of offshore and illegal sites.

Growth of sports betting 📈

In 2018, the repeal of PASPA by the U.S. Supreme Court led to a rapid increase in the legalization of sports betting across the United States. Nearly thirty states have now implemented some form of legal sports betting, with many allowing online sportsbooks and mobile betting apps. Use our legal sports betting tracker to explore the status of any state you’re curious about.

In the last two years, states such as Ohio and Massachusetts have seen tremendous success with their online betting launches. This has provided sports fans with an additional way to connect with their favorite teams, while also generating significant revenue for the states through licensing fees and taxes.

The newest addition to legal sports betting in North Carolina was introduced on March 11, 2024, featuring eight top sportsbooks in the nation. With the Copa America and Euro 2024 soccer tournaments scheduled throughout the summer, the excitement and possibilities for sports betting fans are on the rise.