The city of Indianapolis has quickly turned into one of the best host cities of major sporting events across all sports. Located in the heart of the “Hoosier State,” Indianapolis is now known as one of the best sports’ cities in the Midwest. This page will talk through how Indianapolis sports betting looks and works.
It was only a matter of time before the topic of legalizing sports betting made its way into America’s heartland, and the citizens of Indianapolis have been eagerly awaiting a decision from their state legislatures. Major sporting events that are held in Indianapolis bring in a ton of extra revenue to the city and the state of Indiana, but there is still a potential to make a lot more money by legalizing sports gambling.
Everyone that visits the city of Indianapolis seems to be impressed with their visit, and there will now be more entertainment options available. The city of Indianapolis is a growing city located in the heart of Indiana, and there is no doubt that they are about to make a lot more money. Let’s take a look at the current status of sports betting in the city of Indianapolis as well as what it might look like in the future.
Status of Indianapolis Sports Betting
Indianapolis sports betting would have been legalized a long time ago if it were up to their city, but they had to convince the rest of the state to get on board. It has been clear for awhile that Indiana sports betting was going to eventually happen, but it took a lot of debating and negotiating to get the bill pass during this legislative session.
Governor Eric Holcomb signed the bill into law on May 8, and the sports betting industry should be fully operating by September 1. Indiana realized that some of their neighbors in the Midwest were discussing the same thing, and it was important for them to get it done first.
The new law will give current betting establishments the ability to take bets on sports, and will also allow for the relocation for some of their current casinos. The state of Indiana is loaded with casinos, racinos and off-track betting parlors, and those locations will be the main hotspots for future sports betting.
Mobile wagering is also included with this new bill, but that will be rolled out slowly. The states that currently have legalized sports betting have made the most money through mobile betting, and Indianapolis and Indiana are anticipating this bringing in the most revenue as well.
There are some limitations and rules that came along with this law, but Indianapolis sports betting is going to be big very soon. This new law allows for the betting on professional and collegiate sporting events, which is a big key for a city that hosts a number of major college sporting events.
Betting on esports or amateur athletes under the age of 18 are prohibited with this new law, and crazed basketball fans won’t be allowed to place bets on high school basketball games. A vendor can apply for a Indianapolis sports betting license and pay $100,000 the first year, and then must pay the state $50,000 annually to keep their license.
This new law is very similar to laws passed in New Jersey and and Rhode Island, and the city of Indianapolis is going to reap the benefits before long.
Best Places To Bet in Indianapolis
The state of Indiana has 13 casinos currently in operation, but none of them are actually located in the city limits of Indianapolis. This new law targets casinos initially, but you can expect some brick-and-mortar sports betting establishments making their way to the biggest and most popular city in the state.
There are a few “racinos” or racetrack casinos within 45 miles of the city, and that will be the best place for sports fans to place bets starting in September. The NBA and NFL are two professional sports leagues that are closely tied to the sports betting scene, and Bankers Life Fieldhouse and Lucas Oil Stadium will likely have places to take and make bets in the very near future.
Huge sports bars in the city of Indianapolis might also apply for a license as a way to generate more business and revenue when this new bill comes into effect.
Placing bets online through offshore accounts is currently legal in the state of Indiana, and there are always people making bets in the city of Indianapolis. The best place to bet in Indianapolis might still be via mobile device for most sports bettors, but the state of Indiana will make this easier to do as well.
There are going to be other online betting options available in the near future, and Colts and Pacers games will be the best time to place these bets. Now that sports betting has been made legal in the state of Indiana, placing a bet in the city of Indianapolis will be easier than ever.
Sports and Teams That Will Drive Betting in the City of Indianapolis
A pair of professional sports teams will be the key leaders in driving Indianapolis sports betting in the city and state. Since Indiana is a basketball crazed state, the Indiana Pacers are without a doubt the most popular team in the city, and in the entire state as well.
The Pacers play their home games in downtown Indianapolis, and they will play a huge role in bringing in revenue for the city and state. The Indianapolis Colts are a popular NFL team in the city as well, and there is no doubt that NFL teams bring in the most bets throughout the year.
There is a reason that the state of Indiana is targeting September 1 as the start date for this new plan to be unveiled and fully operating.
Even though the Pacers and Colts will be the main teams to drive betting in the city of Indianapolis; other major sporting events will play a huge role as well. Indianapolis has hosted the NCAA Men’s Final Four and the Super Bowl in recent years, and they routinely host major sporting events for the Big Ten Conference.
Fans flock to the city when these events take place, and these events will naturally draw a ton of bets as well. Indianapolis always sees a huge boost in revenue for these events as well, but that number is going to increase greatly when sports betting really takes off in the state of Indiana.