October 9, 2019

Indiana Legalizes Sports Betting

Indiana Legalizes Sports Betting

As of last week, Indiana has officially joined the growing list of states that has legalized online sports betting.

Regulators gave the green light to two sportsbook operators, BetRivers and Draft Kings to launch on October 3, and both did just that.

Indiana is the seventh state in the United States that now has full mobile betting. Other states where sports betting is legal includes:

  • Iowa
  • New Jersey
  • Nevada
  • Pennsylvania
  • Rhode Island
  • West Virginia

An Overview of Indiana’s Sports Betting Market

With a population of 6.7 million, Indiana is a rather small market. Unlike other states where sports betting is legal, it’s just over twice the size of Nevada and half of Pennsylvania’s size. Regardless of this fact, casino operators definitely see a lot of potential in this market.

Indiana is home to a large number of land-based casinos and other gambling establishments. It also has a huge base of passionate sports fans. Thirteen casinos and OTBs have already started operations less than a month into legal sports betting.

Despite the proliferation of gambling, local lawmakers are still less eager to embrace online gambling. Most forms of online gambling are still considered illegal in Indiana, and there are remains no plans to regulate online casinos or poker in the state as well.

But Indiana does not, however, consider games of skill to be gambling. It is, in fact, one of the states where daily fantasy sports are completely legal. This may have been one of the factors that helped gain DraftKings its approval for launch.

Online poker, however, remains illegal in the state (and will continue to be so in the foreseeable future) because lawmakers believe the game’s short-term variance does not qualify for its exemption.

Two Now, More To Go

For now, there are still fewer online gambling options in the Hoosier state.

Online sports betting has more moving parts with regards to managing player balances, geolocation, Know-your-customer (KYC) requirements, and more. For a state that has virtually no experience with regulating online gambling, Indiana has a lot of work to do.

But despite this, Indiana’s Gaming Commission is set to approve a third operator for mobile sports betting by the end of the month. According to Executive Director Sara Gonso Tait, there will probably be another launch come the end of October.

Based on how things worked for other states, the unidentified third operator would probably be a tossup between FanDuel Sportsbook or William Hill. Other possibilities include the following:

  • PointsBet
  • BetMGM
  • Fox Bet
  • Caesars Sportsbook
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