Sports betting is legal in some regions of the world and illegal in others.
The legality of sports betting varies from culture to culture, and from state to state.
The role of the type of sport is only of determining the number of bettors and the money spent in the process.
Laws about sports betting vary in all the states across the US. It was declared illegal in the whole of the US, except for some states,
when PASPA was adopted in 1992. The year 2018 saw a dramatic change after this act was made ineffective.
As states in the US are autonomous in framing policies and laws, some states have still not legalized sports betting, while others are in the process of making it legal.
1.The Legality Of Sports Betting In Indiana
Indiana, along with many other states, has legalized sports betting and has become a betting-friendly state.
The bill which declared sports betting legal was signed on May 8, 2019, making it a law that went live on September 1 of the same year.
After betting was legalized, multiple locations in the state started hosting betting.
Sports betting rules and regulations are managed by the Indiana Gaming Commission, which is also responsible for issuing licenses to operators looking to host betting across the state officially.
It is also noticeably crucial that betting in Indiana is only allowed on college and pro world sports.
It is still banned in e-sports and high school sports.
2.Sports Betting Options In Indiana
There are multiple options available for sports betting enthusiasts, and they include both online and offline or retail betting options.
In the age of digitization, online options are most frequently used because they are convenient, efficient, and well-managed.
3.Online Sports Betting Options
With the advent of digital technologies, human lives have also been digitized, and every human activity can be performed online.
With sports betting becoming legal in Indiana, the state has also allowed online and mobile sports betting.
It was legalized in May 2019, after the bill legalizing sports betting was signed. Multiple online platforms and applications have been launched to host online sports betting in the state.
DraftKings Sportsbook, FanDuel Sportsbook, and BetRivers Sportsbook are named as the top three sports betting apps in Indiana.
All these provide distinct features for the users.
DraftKings Sportsbook
This sportsbook is currently operating in a different state across the US and is well-known for its ‘daily fantasy sports contest’.
In each state where DraftKings operates, it has ventured with local companies to attract more users.
A 20% matched deposit bonus of up to $500 is offered to every new subscriber on the website, along with a $500 risk-free bet when a user makes a first real money bet.
Additionally, a $25 free bonus is offered to all new subscribers.
FanDuel Sportsbook
FanDuel Sportsbook was launched in 2018 as an online platform for sports betting.
It offers a variety of sports for bettors to place bets on, including local and international sports and competitions.
To welcome subscribers, FanDuel offers a risk-free bet to start with. This risk-free bet would be up to $500 at the time of placing the very first bet on the website.
The money will be returned to the user if the first bet is lost, with not a single penny deducted.
BetRivers Sportsbook
Rush Street Gaming owns and operates casinos in Pennsylvania and New York, and has now launched BetRivers Sportsbook as an online platform for sports betting in Indiana as well.
It offers one of the best bonuses available online for bettors in Indiana and Pennsylvania. A 100% deposit match bonus of up to $250 is offered to new users.
This offer is straightforward to understand. A bettor earns an additional $250 upon depositing the full amount of $250.
Offline/Retail Sports Betting Options
Along with the online sites and mobile applications dedicated to and specialized for sports betting in Indiana,
offline and retail betting is also on the cards.
These locations include casinos and other places as well. All these retail betting locations will have to apply for licenses to host legal betting.
Applications for permits will be available after July when the new law will be implemented. Casinos have never relied on sports betting for their revenue generation.
Still, as it is legal now and once casinos get the license for betting, it will attract and pull a lot of bettors towards casinos to place bets.
Now that betting has been made legal in Indiana, fourteen temporary sports betting licenses have been issued to different locations so far.
The Indiana Gaming Commission has issued these licenses because this statutory body is authorized to regulate sports betting in the state and issue licenses.
Some of the locations which have got temporary permits are Ameristar East Chicago Sportsbook,
Tropicana Evansville Sportsbook, The Book at Horseshoe Caesars Southern Indiana,
French Lick Resort Sportsbook, and the famous FanDuel Sportsbook at Belterra Casino Resort.
All these mentioned locations and casinos, and those who were not mentioned here are projected to launch their sportsbooks soon.
Frequently Asked Questions
1. What Is The Eld For Betting Within The US And Indiana?
Age limitations and regulations have always been a priority for governments and administrations while declaring something legal or illegal.
People of each cohort need to be considered while making a law, and minors aren’t to be ignored while making laws about gambling and reckoning on sports altogether the states folks.
The age for gambling within the US varies from state to state, and on average, it lies between 18 and 21 years.
The sports betting age in most states is 21 years, and Indiana is one in every one of them.
2. Is Offshore Betting Allowed In Indiana?
Offshore betting in Indiana isn’t allowed through any quiet medium. Several states haven’t any laws regarding this problem,
but Indiana has readily made a law mainly to cater to matters. The law states that gambling or betting on sites, which aren’t licensed within the state, is a crime.
3. What’s The Punishment For Participating In Offshore Betting?
As every committed crime encompasses a specific punishment, offshore betting in Indiana is additionally punished duly.
Though it’s not an awfully serious crime, it’s still punishable for being a minor crime of sophistication B.
Offshore gambling or betting will only be considered a significant offense if someone runs an illegal offshore business of gambling and betting.
the utmost punishment for one-off gambling or betting is 180 days in prison, and a maximum of $1000 fine is asserted for this crime, as stated in Chapter 5, Article 45, Title 35 of Indiana code.
4. Is It Necessary To Be A Citizen Of Indiana To Put Bets Within The State?
The bettor doesn’t necessarily be a citizen of Indiana to position bets in Indiana.
What’s essential is, however, that a bettor must be physically present within the state to position a bet.
People from other states are allowed to jaunt Indiana to put their bets on Indiana and travel back once they are through with it.
Liberty of betting for citizens of other states to position bets in Indiana makes experts and analysts of the betting industry attach lots of hopes to Indiana as far as betting is anxious.
5. Is There Any Integrity Fee On Sports Betting In Indiana?
Integrity fee could also be said as a tax imposed on legal sports betting within the US as proposed by some sports leagues.
The National Basketball Association (NBA) and Majors Basketball (MLB) are the first leagues to form this practice popular.
Indiana was the primary state where these leagues suggested integrity fees within the year 2018.
Indiana’s bill making sports betting legal within the state included a 1% integrity fee, which suggests that 1% of all the cash from sports betting will head to the key sports leagues within the state.
Summary
The US decided to declare sports betting legal in 2018 after PASPA was nullified. Still,
there are some states which have not legalized sports betting, but is one of the betting-friendly states in the US.
The Gaming Commission has been given the authority of regulating sports betting. Betting is only allowed in college and pro sports in the state.
There are several online and offline/retail platforms available for bettors to place bets on any sport of their choice, either national or international.
Licensing will be opened entirely after the implementation of the new law in July.
Still, the Indiana Gaming Commission has already issued temporary licenses to some retail sportsbooks in the state.