Indiana Sportsbooks & Sports Betting Apps
Sports have been engrained in the social framework of the state of Indiana for a long time. Basketball, both college and the NBA, has extremely deep roots in the Hoosier State. For a state so invested and engaged in sports, it was only a matter of time until legalized sports betting would begin.
That time was September 1, 2019. The Supreme Court decision to overturn the Professional and Amateur Sports Protection Act (PASPA) opened up the market for states that were previously not permitted to offer wagering on sports. Indiana was one of them and the state moved quickly to find an agreeable solution for all sides to drum up more revenue from its casinos.
It was HB1015 that Governor Eric Holcomb signed into law on May 8, 2019, less than a year after the landmark Supreme Court decision. That bill allowed licensed sports betting operators to take wagers on professional sports and college sports. The bill also included provisions for mobile sports betting, which will start in the state in October. Interestingly, the bill would have gone into law with or without Holcomb’s signature, but he did ultimately sign the proposal. As a corollary effect, the bill also included provisions to add table games to the existing race tracks.
The process in the state was accelerated because of industry-imposed deadlines regarding the football season. Even though Indiana is a true blue basketball state, football drives the bus in the sports betting industry and the operators wanted to get up and running before the kickoff of the 2019 NFL season. That goal was reached and now the Hoosier State is fully invested on Sundays and every other day of the week.
The process was expedited to get going before the football season, but basketball, hockey, baseball, auto racing, and all of the major US and European markets are open for wagering. Imagine that. You can bet on the Indianapolis 500 while sitting AT the Indy 500. Or the Brickyard. Or you can bet the Final Four at Lucas Oil Stadium. Or, of course, a Colts game.
Like the other states that have adopted legalized wagering, use of the apps is restricted to those that are physically in the state of Indiana. Those in bordering states like Ohio, Kentucky, Michigan, and Illinois are able to sign up in person for an account and then download the apps, but they cannot place bets unless geolocation technology places them in the state of Indiana.
Indiana’s casinos moved quickly because of a low $100,000 licensing fee to start and a reasonable $50,000 annual renewal fee. Furthermore, the 9.5% tax rate, which is somewhere in the middle as far as most states go, isn’t too bad for the operators.
Many of the same names that you recognize in states like New York, New Jersey, Iowa, and Pennsylvania are also partnering up with Indiana casinos for sports betting. In total, there are 14 casinos in Indiana and all of them are either authorized to take sports bets or are in the process of being cleared.
As far as those partnerships, Scientific Games appears to be the big winner in Indiana. DraftKings, FanDuel, Rush Street Interactive, Kambi, BetAmerica, and William Hill are also major players in the state. All casinos are governed by the Indiana Gaming Commission.
The partnerships are as follows:
Harrah’s Hoosier Park
Horseshoe Hammond Casino
Horseshoe Southern Indiana Hotel & Casino
Indiana Grand Racing & Casino
Winner’s Circle Clarksville
Winner’s Circle Indianapolis
Winner’s Circle New Haven
Caesars is also partnered with their properties Harrah’s, Horseshoe, and Indiana Grand.
Ameristar Casino Resort
Belterra Casino Resort
Blue Chip Casino
Rush Street Interactive
French Lick Resort Casino
Hollywood Casino Lawrenceburg
Rising Star Casino Resort
Tropicana Casino Evansville
Majestic Star Casino and Four Winds Casino South Bend were still negotiating partnerships at time of writing.
The law in Iowa states that casinos can have two partnerships, or “skins”. The law in Indiana expands that to three, so we could see several sportsbook operators setting up licensing with these casinos in the not too distant future, which would create an extremely competitive betting market in the state. Operators like PointsBet, Fox Bet, theScore, and SugarHouse could be getting involved down the line.
The expansion of mobile betting in the state is unlikely to include casinos or poker anytime soon, but the convenience of being able to bet from your couch, a restaurant, a bar, or anywhere else that Indianans are located will bring a big financial windfall to the state. Mobile sports betting also opens the state up for action from residents of border towns.
Indiana was the 10th state to adopt sports betting and the early returns now that the law has gone into effect have been impressive. If you are in Indiana or one of the neighboring states, take a trip to one of the physical sportsbooks. When mobile wagering starts in October, download the apps, sign up for an account, and start betting in the Hoosier State!Read more