Indiana Sports betting Update
Indiana became the 10th state to legalize sports betting in the United States. Governor Eric Holcomb signed HB 1015 into legislation back in May of 2019, in the final minutes of the legislative session. Legal sports betting officially launched in The Hoosier State four months later in September of 2019.
HB 1015 allows for both retail and online sports betting. The first legal sports bet placed at a retail sportsbook came on September 1, 2019 by Holcomb himself. A month later, online/mobile sportsbooks began to launch in Indiana. DraftKings was among the first mobile sportsbook to open in the state.
Indiana had its best single-month betting handle in September 2020. Indiana Sportsbooks took in $207.5 million in legal sports wagers. As a result, the state also saw a record $14.3 million in sports wagering tax revenue.
DraftKings Sportsbook Growth in the US
In May of 2018, the Supreme Court ruled 6-3 that the Professional and Amateur Sports Protection Act (PASPA) was unconstitutional. This meant that each state now had the power to legalize sports betting if they so choose. Since then, over 20 states have now legalized sports betting. As a result, DraftKings Sportsbook has been growing exponentially since.
DraftKings started as a Daily Fantasy Sports website back in 2012. In August of 2018, they launched DraftKings Sportsbook in New Jersey, becoming the first legal online sportsbook in the United States outside of Nevada. Now, DraftKings Sportsbook is available online in New Jersey, Indiana, Pennsylvania, West Virginia, and New Hampshire. They also have retail sportsbooks in three other states, Iowa, New York, and Mississippi.
DraftKings ended the second quarter of 2020 with over $1.2 billion in cash and no debt. The Company is introducing fiscal year 2020 pro forma revenue guidance of $500 million to $540 million which equates to year-over-year pro forma revenue growth of 22% to 37% in the second half of 2020.
DraftKings is projected to post over $1 billion in revenue in 2022. Some expert projections have that number above $4 billion come 2030.
DraftKings Sportsbook Promo Code
Lineups.com is home to the best DraftKings promotion available. New DraftKings Sportsbook users can take advantage of a sign-up bonus worth up to $1,000. All you need to do is click through any of our links and banners and the bonus will automatically be applied to your account when you deposit. We test and guarantee our links with DraftKings staff to provide the highest bonus.
For the deposit bonus up to $1,000, your initial deposit is matched at 20%. In order to receive the full $1,000 bonus, you must deposit $5,000. You will need to play through the awarded bonus 25X before you can withdraw.
How to Redeem $1,000 Bonus
– Create a new account
– Must meet age requirements in your state
– Deposit a minimum of $5. However, if you want the full $500 deposit match, you must deposit $2,500
– Place your first bet within 30 days. In order to use the $500 risk-free bet, you must bet $500 on your first bet.
How to use DraftKings Sportsbook
For those who are new to online sports betting, it is very simple. All you have to do is create an account, deposit some money and you can begin betting right away. There are two options for online betting. You can either bet from your desktop on the DraftKings Sportsbook website or you can bet from the mobile app on your phone.
How to Create an Account
To get started with DraftKings Sportsbook, you must first create your account. To do so, head over to the DraftKings website. On the home page, you will notice a green icon in the top right corner that says “Log In”. Once you click that you will be taken to the page to log in. Since you do not yet have an account, click the “Sign Up” button.
You will be redirected to a page where you will begin your registration.
– Email Address
– Promo Code (Optional)
*Check the box to agree to terms and conditions
– First Name
– Last Name
– Home Address
– Zip Code
– Date of Birth
– Social Security Number (Last Four Digits)
After entering this information, DraftKings will need to verify your location so that they can confirm you are located in a state where they are eligible to operate legally. You may also be required to provide additional documentation to verify your identity (such as a photo ID or driver’s license).
If you are creating your account on your mobile phone, DraftKings will ask to use your current location. You will not be able to place a wager unless they are able to verify your location. For desktop users, you will have to download and install a player geolocator, which they will offer to you to download (free).
How to Deposit/Withdraw Money
In order to start betting on your DraftKings Sportsbook account, you will need to deposit funds to bet with. Depositing on DraftKings Sportsbook is both a quick and simple process. In order to add funds to your DraftKings Sportsbook account, click the green box that says “Deposit”, located where the log-in icon from earlier was. If you are on your mobile phone, you will see a green “+” in that same top right corner.
Once you click on the deposit icon, you will be taken to a page with all of the available deposit options. Currently, DraftKings is offering eight different ways to deposit.
– Credit or Debit Card
– Online Banking
– VIP Preferred e-Check
– Play+ Prepaid Card
– Wire Transfer
– DraftKings Gift Card
– Cash at Cage
Once you select the method you prefer to deposit with, you can then select the amount you wish to deposit. Then, once the deposit is approved, you will then have money to begin betting.
So you have won some money and now you want to withdraw it. The good news, it is as simple and quick as depositing. In order to begin your withdrawal request, click the account icon in the top corner of the page. Then, scroll down until you see “Withdrawal” and click that. You will then be redirected to the withdrawal page.
Once you are on the withdrawal page, you will be shown your “Available to Withdraw” balance. This is the amount of money you can withdraw at that time. Type in the amount you wish to withdraw and then click “Continue”. DraftKings will then show you the methods that you are able to withdraw. These methods include PayPal, Check, or Online Banking. Select the method you prefer and then click “Request Withdrawal”.
DraftKings will then email you notifying you that your withdrawal request has been received. They will also notify you when the withdrawal has been processed. Make sure to check out their site for more information on withdrawal policies and timelines.
How to Place a Bet
So now that you have money on your account, it is time to start placing some bets. On the homepage, you will notice some popular betting options available. If the game you are looking to bet isn’t on the homepage, you can navigate to the sport of your choosing by using the column on the left side of the screen. For mobile users, there will be an icon at the bottom of your screen that says “All Sports”.
Once you find the sport you want to bet on, it is time to choose a game. Once you have chosen your game, you can see the spread, total, and moneyline options to bet on for that game. If the bet you want is a prop bet or something other than the spread, moneyline, or total, then click on the game of your choosing and you will be taken to a page with all of the available betting options for that particular event.
Once you choose your bet, you will be taken to your bet slip where you can either add more bets, enter a bet amount or checkout. When you have selected the bet or bets that you want, simply type in the amount you want to wager and then press “Enter Wager Amount”. Now, your bet has been placed.
Physical DraftKings Sportsbook Indiana
DraftKings Sportsbook first came to Indiana via a mobile platform. They operate under the casino license of the Ameristar Casino Hotel. Their easily accessible Sportsbook features five sports wagering terminals, several HDTV’s, and 23 sports wagering kiosks throughout the property. The Sportsbook area is located conveniently inside of the Pavilion, close to Stadium Sports Bar.
Ameristar Casino Hotel
Address: 777 Aldis Ave, East Chicago, IN 46312
Phone: (219) 378-3000
DraftKings Online Sportsbook Review
The DraftKings Online Sportsbook is arguably the best legal online sportsbook available in the United States. Not only are both the website and app easy to navigate but DraftKings Sportsbook also has the best betting options available in the legal US market. While other sites limit the amount of betting options, DraftKings Sportsbook offers more options for teasers, parlays, prop bets, and more. They also have one of the largest sports offerings in the country.
DraftKings has excellent customer support as well. You can either email them with an inquiry or use their message feature. You can leave them a detailed message on a private chat message between you and them and they will get back to them as soon as they can. Unlike a typical live chat feature, you don’t need to wait around for a response, you can log out and come back later and then continue on with your issue.
DraftKings is also one of the industry leaders in live-betting. They offer a large amount of live-betting action from a number of sports across the world. Their fast updates are the most accurate of any legal online sportsbook in the US, making for quick and smart betting.
DraftKings has done well to partner with major companies across a number of different platforms. From media conglomerates to professional sports teams, DraftKings is constantly adding more partnerships to its portfolio.
– Turner Sports
– Michael Jordan
– New York Giants
– Dallas Cowboys
– New England Patriots
– Philadelphia Eagles
– Chicago Cubs
– Boston Celtics
– Indiana Pacers
– Philadelphia 76ers
– Fox Sports
– Madison Square Garden
– Staples Center
– New York Liberty
– Bleacher Report
– And More!
- Is DraftKings Sportsbook Legal in Indiana?
- What is the Deposit Bonus at DraftKings Indiana?
- What is the gambling tax rate in Indiana?
- Can I deposit using PayPal on DraftKings Indiana?
- Can I withdrawal using PayPal on DraftKings Indiana?
- Is it safe to bet on DraftKings Sportsbook in Indiana?
- Does DraftKings Sportsbook Indiana offer free to play contests?
- How long does it take to get my money after withdrawing from DraftKings Sportsbook Indiana?
- What information is required to open a DraftKings Sportsbook account in Indiana?
- Why do I have to complete a W-9 form prior to withdrawing?
Yes, DraftKings Sportsbook launched in Indiana in October of 2019. Users can bet both online from their desktop or online from their mobile phones. DraftKings Sportsbook also has a sportsbook at the Ameristar Casino Hotel in East Chicago, IN.
DraftKings Sportsbooks offers new users a chance at a $1,000 bonus. New players receive a deposit bonus up to 20% of their deposit amount ($500 max) and a risk-free bet on their first bet ($500 max).
The Indiana gambling tax rate is 3.23%. Even if you don’t get a W-2G, you still have to claim your winnings as income if they qualify.
Yes, PayPal is one of the many deposit options that DraftKings Sportsbook offers in Indiana. It is also one of the fastest and easiest ways of depositing.
Yes, you can use PayPal to withdraw as well as deposit on DraftKings. PayPal is the fastest and easiest way to both deposit and withdraw. Funds can be added instantly to your account and withdrawn into your PayPal account within hours.
Yes, DraftKings Sportsbook is perhaps the safest legal online sportsbook in the United States. DraftKings has an excellent security department that does well to make sure your information is safe and secure.
Yes, DraftKings Sportsbook offers free-to-play contests all the time. They offer contests that are free to enter that have prize pools anywhere from $500 to over $100,000! These contests can vary from weekly weather predictions to the Presidential Election.
Once your withdrawal request is confirmed, it typically takes anywhere from 2-8 business days for your funds to appear in your bank or PayPal account. If you request a check under $2000 it can take 2-3 weeks for delivery. All FedEx checks will be delivered in 1-3 business days. If you request a check of any amount to a PO Box, it will be sent via USPS and arrive in 2-3 weeks.
In order to register an account, you are required to provide your full name, address, date of birth, email address, and telephone number. If your identity cannot be validated, you will be required to submit additional information or documentation which may include your valid state-issued ID.
DraftKings compliance and identity verification requirements require DraftKings clients to complete a W-9 form prior to withdrawing funds. They use the information on this form to then issue the appropriate tax form if necessary.
DraftKings Sportsbook Indiana Mobile App
Name: DraftKings Sportsbook Indiana Mobile App
Description: The DraftKings Sportsbook mobile app is the best legal online sports betting app in the industry. For those who like to make quick bets and move on, this is the perfect app for you. You can add funds, place bets, and withdraw funds simply and easily.The mobile app is easy to navigate as everything you need is just a click or two from the homepage. You can find any sport you want and any bet you want within seconds. For those who like to place live-bets, this is the app you want to use.
Operating System: Windows, Android, Apple, iOS
Application Category: Game
Author: DraftKings Sportsbook
- Apple App
- Android App
- Welcome Bonus
- Sports Offered
- Bet Variety
FanDuel Sportsbook Indiana Mobile App
Overall, you can’t ask for anything better than the online DraftKings Sportsbook. It doesn’t matter if you use the desktop website or the mobile app, everything is fast and easy. DraftKings Sportsbook offers the widest range of sports to bet on as well as the widest range of betting options. They also have tons of promotions and odds boosts going on all the time for customers to take advantage of.
When it comes to banking options, DraftKings offers the best options. They have a number of different options to deposit and withdrawal money and they do so in a timely manner. Among all of the mobile sports betting apps currently available in the United States, DraftKings Sportsbook is the best.
– Betting Options
– Deposit/Withdrawal Methods
– Customer Service
– High Bonus Rollover Requirement
– Weak Rewards Program