Indianapolis Sports Betting
- Downtown Indianapolis Sports Betting
- Indianapolis Sports Books Indiana Betting
- Indianapolis Sports Betting Bar
- Indianapolis Sports Teams
- Indianapolis Pacers
- Sports Betting Online
Indianapolis, more specifically, Indiana, has also become a hub for the sports betting world. It is the largest city and the capital of the Hoosier State, and the seat of Marion County, which is home to lots of people and lots of sports bettors. Sports betting is legal in Indiana and you can place wagers on your favorite sports via betMGM, Pointsbet and other mobile apps. Enjoy and play responsibly! Online sports betting Indiana. Free sports betting games and online sports betting odds for the Indianapolis Colt in NFL, 2019. “The legalization of sports betting in Indiana presents a huge opportunity for Horseshoe Hammond,” said Dan Nita of Caesars. “We are proud to be among the first in Indiana to offer sports betting. I’m optimistic of the positive effect this will have on attracting new customers to our casino.”.
Indianapolis is a popular sports town with the Colts (NFL) and Pacers (NBA) both being successful teams in the two most bet on sports leagues in the United States. The Indianapolis Motor Speedway is also the most well known automobile racetrack in the USA, hosting the Indy 500 each year.
Sports betting has continued to increase in popularity among Indianapolis residents over the past decade. On this page I will try to dispel some of the myths surrounding the legality of sports betting in the state and give a couple suggestions of where to bet on sports from Indianapolis.
Is Sports Betting Legal in Indianapolis
Regulated sports betting began in Indiana on September 1st, 2020, with a few locations opening sportsbooks on that date. The Indiana Gaming Commission oversees the sports betting regulations in the state and issues licenses to sportsbook operators. You can now place bets at these regulated bookmakers who have obtained a license to operate in Indiana. Both online and in-person betting is allowed in the state.
As an Indiana resident you also have the option to bet through offshore betting sites that are licensed and regulated outside of the state of Indiana. Offshore betting sites, like the two I recommend below, continue to accept Indianapolis residents. They are relying on their reputation and experience serving US bettors to provide an alternative to the state licensed sportsbooks.
Best Sportsbooks for Indianapolis Residents
- Built for American bettors
- Wide variety of competitive betting lines
- Easy to navigate betting platform
- Accepts players worldwide
- Competitive betting lines
- Fast & easy deposits and withdrawals (including Bitcoin)
These are our top rated sportsbooks for Indy residents. Both of these sites are popular across the entire country and offer a safe, secure and trusted platform to place your sports wagers. Check out the reviews of either site for a more detailed overview of their bonus, promotions, banking options and customer service.
Offline Sports Betting in Indianapolis
Winner’s Circle Sports Pub
The Winner’s Circle Race, Sports, Pub is a sportsbook in the heart of downtown Indianapolis. The Caesars Sportsbook is built into a pub environment at Winner’s Circle Indianapolis. There is a video wall and several HD televisions allowing you to watch the game while placing bets, eating food and lounging with friends.
Hoosier Park
Hoosier Park Racing & Casino is a popular horse racing track in Indiana, located about a half hour north east of Indianapolis. The track and casino is owned and operated by Caesars Entertainment and it’s a very new facility in horse racing terms, having opened just over 10 years ago in 2008.
Hoosier Park features live harness racing from April to October, while also offering simulcast racing on all top tracks from across the USA all year-round. In addition to the racebook, Hoosier Park is also home a popular casino that features plenty of slots and e-table games to allow you to continue to gamble away from the track.
Hoosier Park also added a sportsbook in 2020 called The Book.
***I should also note that you can wager on every live race at Hoosier Park at BetOnline.ag.
Indy Major Pro Sports Teams
- Indiana Pacers (NBA)
- Indianapolis Colts (NFL)
Sports Betting Market Leaders By State
by Matias Dorta / November 12th, 2020
Introduction
U.S. online sports betting is akin to a digital gold rush. Each new state that legalizes online sports betting becomes a new frontier for the companies and operators competing for the U.S. market. In this blog, we will cover the states that have legalized online sports betting as of September 2020 and break down the current state of each market.
This blog will be updated monthly as new data becomes available (feel free to bookmark).
Sports Betting Market Leaders By State
The information below is based on the most recent data as of October 31, 2020, representing the various states that have regulated online sports betting markets. Market Leader refers to the leader for online sports betting. This is not a recommendation to buy or sell securities.
New Jersey
October 2020 Total Handle: $803 million
Online Percentage: 93%
Market Leader: FanDuel/Pointsbet
The Garden State has become the success story in U.S. online sports betting. New Jersey, which launched its first legal online sportsbook in the summer of 2018, is now the U.S. leader in online sports betting. The state set a record for single state monthly sports betting handle in the U.S. in August with a total handle of $667.9 million, and then broke its own record in September with a $748.6 million handle, and again in October passing $800M.
The state currently has over 10 live online sportsbooks, including DraftKings, FanDuel, BetMGM, William Hill, bet365 and more.
The market leader in New Jersey is FanDuel/PointsBet. FanDuel and PointsBet are both partnered with license holder Meadowlands, therefore, their revenue is reported together. The tandem recorded just under $30 million in revenue from online wagers in October. According to NJ Gambling Sites, FanDuel Sportsbook is responsible for a majority of that revenue. The runner-up in the New Jersey market is DraftKings/BetStars operating under Resorts license, the duo generated ~$14.6 million in revenue in October.
Related Companies: Flutter Entertainment, PointsBet, DraftKings, William Hill
Nevada
October 2020 Total Handle: $659.6 million
Online Percentage: 57.1%
Market Leader: William Hill
Nevada has a rich history of gambling as the first state to legalize most forms of wagering in 1931. In 2010, Nevada allowed sports betting apps to go live, which opened the door to wagering outside of a physical sportsbook. In October 2020, Nevada posted a $659.6 million sports betting handle. Despite seeing fewer tourists than last year, sports betting increased 21.3% from October 2019. Online mobile sports betting was responsible for a little over half of the handle in October 2020.
The market leader in Nevada is William Hill. The company boasts 32% of the total gross revenue market share in the state and attributes 69% of its bets taking place through its online channels. William Hill was recently acquired by Caesars Entertainment in a deal that values the company at $3.7 billion.
Related Companies: William Hill
Pennsylvania
October 2020 Total Handle: $525.8 million
Online Percentage: 89.8%
Market Leader: FanDuel
Pennsylvania is becoming one of the hottest online sports betting markets in the United States. I was in Philadelphia in September and every street corner had some sort of sports betting advertisement. The state set a sports betting handle record in September and followed that up with another record in October, reaching $525.8 million.
Online sportsbooks are aggressively going after the market with Penn National Gaming debuting the Barstool Sportsbook app in the state and DraftKings partnering with the Philadelphia Eagles to bring a premium lounge to Lincoln Financial Field.
However, the current market leader in the state is FanDuel. FanDuel sportsbook was responsible for $185 million of the October handle, followed by DraftKings ($123.4 million).
Related Companies: Flutter Entertainment, DraftKings, Penn National Gaming
Rhode Island
September 2020 Total Handle: $31.3 million
Online Percentage: 44.7%
Market Leader: William Hill
Rhode Island set a record in September 2020 for online betting with a total mobile handle of $14 million. The total handle in September topped $30 million, setting a 2020 record for the state. Rhode Island only has two sportsbooks in the entire state, and both are powered by William Hill, giving William Hill the entire market share.
If you are wondering why Rhode Island only has two sportsbooks in the entire state, taxes could be playing a role. Rhode Island imposes a whopping 51% tax on operators, making The Ocean State the highest taxed sports betting jurisdiction in the world.
Downtown Indianapolis Sports Betting
Related Companies: William Hill
Indiana
October 2020 Total Handle: $207.5 million
Online Percentage: 83.5%
Market Leader: DraftKings
Indiana, like many other states on this list, hit a sports betting handle all-time high in September, surpassing $200 million for the first time. Sports betting in Indiana launched in October 2019 with three books, DraftKings, FanDuel, and BetRivers, and the former is the current market leader.
In October 2020, DraftKings ($90.5 million) and FanDuel ($63.6 million) accounted for close to 80% of the total online handle in the state. BetMGM came in third boasting a $20.1 million monthly handle.
The current market leaders will need to keep an eye out for William Hill / Caesars who made their intent to enter the market clear by signing a multi-year deal with the Indianapolis Colts.
Related Companies: Flutter Entertainment, DraftKings, William Hill
Iowa
October 2020 Total Handle: $81.9 million
Online Percentage: 69.1%
Market Leader: William Hill
Iowa legalized sports betting in May 2019 and William Hill, Elite Sportsbook, and PointsBet launched later in the year. In October 2020, the state hit a sports betting all-time high with $81.9 million in total handle. The overall online handle of $56 million during the month was also a record high for the state. William Hill, the market leader, accounted for close to $35 million in bets.
Related Companies: DraftKings, William Hill
Illinois
September 2020 Sports Betting Handle: $305 million
Online Percentage: 92%
Market Leader: BetRivers
The sports betting handle in Illinois rose to $139.8 million in August, a 166.7% increase from July. The market leader for the month was BetRivers, which accounted for around 85% of the total handle during the month. However, this type of market share should not be expected to be maintained. Due to pandemic related in-person registrations closures and a complicated executive order by the governor, FanDuel and DraftKings were essentially unable to register new users for the entire month.
September should look different as it will be the first full month where FanDuel and DraftKings can freely onboard users. Also, William Hill and PointsBet entered the market in September. All this new competition should cut into BetRivers’ 85% market share from August.
September Update: As expected, in September 2020, BetRivers market share was reduced by new competition in the Illinois market. DraftKings brought in more than $95.8 million in wagers and nearly passed BetRivers, which led all online sportsbooks in September with a $98.5 million handle.
Related Companies: Flutter Entertainment, DraftKings, William Hill
West Virginia
September 2020 Total Handle: $76.9 million
Online Percentage: 77%
Market Leader: DraftKings
Sports betting in West Virginia saw a major boost from August to September. Total handle increased 90%, while revenue jumped 133% month-over-month. Currently, there are four major players operating in the state - William Hill, FanDuel, BetMGM, and the market leader, DraftKings.
Since launching in August 2019, DraftKings and its partner in the state, Hollywood Sportsbook, have seen $296 million in handle, with $94 million of that total coming from online bets.
BetMGM and FanDuel operate under the same license with The Greenbrier. The combined groups have brought in a total handle of $143 million, with $131 million of that total taking place online.
Related Companies: Flutter Entertainment, DraftKings, William Hill
Indianapolis Sports Books Indiana Betting
Colorado
October Total Handle: $210 million
Online Percentage: 98%
Market Leader: DraftKings
Colorado sports betting has been on fire since its launch in May 2020. Sports betting in the state has seen a month-to-month increase in overall betting handle for five consecutive months. In July, CO passed $50 million in total handle for the first time; in September, the monthly handle surpassed $200 million. The growth can be attributed to a surge in online app accessibility. Bettors in Colorado can already wager on over ten different mobile apps, including DraftKings, FanDuel, BetMGM, BetRivers, and more. Users seem to be buying into the digital experience with over 98.4% bets being placed online since July 2020.
Estimates suggest that DraftKings is the market leader in Colorado followed by FanDuel, with both operators accounting for 84% of the state’s total gross gaming revenue since sports betting went live in the state in May.
Related Companies: Flutter Entertainment, DraftKings, William Hill
Oregon
September 2020 Total Handle: $26 million
Online Percentage: 100%
Market Leader: DraftKings-SBTech / Oregon Lottery
Oregon sports betting is complicated to say the least. The state only allows bettors to wager online through one app, Scoreboard, which is a partnership between the Oregon Lottery and SBTech. The app launched in October 2019 and as of March 2020, the Oregon Lottery had lost $2 million on the venture despite seeing ~$6 million in revenue. This is due to a complicated arrangement between the Oregon Lottery and SBTech who, according to Legal Sports Report, may have the better end of this deal. DraftKings and SBTech merged back in April 2020.
Oregon set a sports betting all-time high in September with $26 million in handle with football responsible for the majority of the action.
Related Companies: DraftKings
Washington DC
September 2020 Total Handle: $15.4 million
Online Percentage: 20%
Market Leader: GameBet
Just like Oregon, online sports betting in Washington DC is only allowed through a government operated app. Washington DC allows bettors to wager online through GameBetDC, an app operated by the DC Lottery. The app has a 1.6 out of 5 rating in the Apple Store and is being dominated by the only alternative in the city, the land-based William Hill sportsbook in the Capital One Arena.
In September, the William Hill retail sportsbook saw $12.2 million in wagers, close to four times more than the $3.2 million wagered on GameBetDC during the month.
Despite having the advantage of being the exclusive online offering, GameBetDC’s competition is only getting stronger. William Hill is opening a brand new luxurious sportsbook and premium lounge in the Capital One Arena in 2021 (the current set up is temporary due to the pandemic) and FanDuel is set to launch a retail sportsbook with D.C. United inside Audi Field.
Related Companies: William Hill
New Hampshire
October Total Handle: $47 million
Online Percentage: 85%
Market Leader: DraftKings
New Hampshire set a state record in October by reaching $47 million in total sports betting handle, with 85% of that handle coming online. 100% of the online handle was placed on the state’s only mobile sportsbook, DraftKings. The DraftKings Sportsbook app saw $40 million in handle during the month of October in New Hampshire.
Related Companies: DraftKings
Table
Indianapolis Sports Betting Bar
| State | Monthly Handle | Online Percentage | Market Leader |
| New Jersey | $803 million | 93% | FanDuel/Pointsbet |
| Nevada | $659.6 million | 57.1% | William Hill |
| Pennsylvania | $525.8 million | 89.8% | FanDuel |
| Rhode Island | $31.3 million | 44.70% | William Hill |
| Indiana | $230.9 million | 84% | DraftKings |
| Iowa | $81.9 million | 69.10% | William Hill |
| Illinois | $305 million | 92% | BetRivers |
| West Virginia | $76.9 million | 77% | DraftKings |
| Colorado | $210 million | 98.40% | DraftKings |
| Oregon | $26 million | 100% | DraftKings-SBTech / Oregon Lottery |
| Washington DC | $15.4 million | 20% | *GameBet |
| New Hampshire | 47 million | 85% | DraftKings |
Indianapolis Sports Teams
* Information based off of September 2020 / October 2020 data. William Hill is the overall market leader in Washington DC, GameBet is the market leader for online betting because it is the only option allowed in the DC for online betting.
Indianapolis Pacers
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