Indiana is the first state to go live in that agreement, which also gives PointsBet access to West Virginia, Louisiana, Missouri, and Ohio. Of those states, only West Virginia currently allows sports betting.<\/p>\n
PointsBet\u2019s launch in Indiana coincides with the start of March Madness, the nickname given to college basketball\u2019s postseason. Some conferences have already started their tournaments this week, and the major conferences will follow suit next week.<\/p>\n
The winners of those tournaments will earn spots in the NCAA Tournament, which starts March 17.<\/p>\n
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Just how big is basketball in Indiana? In January, the state\u2019s sportsbooks took in $59.8 million in bets on hoops games and futures, according to IGC data. By comparison, bettors wagered $36.7 million for football, even though January included the college football championship and NFL playoff games.<\/p>\n<\/div>\n
Those figures combine both college and pro sports, and the IGC accounts for parlays separately. The state’s sportsbooks handled another $40.6 million in parlays across all sports in January.<\/p>\n
Basketball betting in Indiana has likely been helped by the fact that Michigan and Kentucky, two border states that currently do not allow sports betting, have large college basketball fan bases for their states\u2019 teams. Michigan, however, has legalized sports betting and retail sportsbooks may open there later this month.<\/p>\n
College basketball is very big in Indiana, thanks to schools like Purdue, which made the Elite Eight last season, and Butler, which PointsBet lists at +4500 to win the NCAA title this season. And then there\u2019s Indiana, the state\u2019s flagship school, which might find its way back into the NCAA Tournament this year for the first time since 2016.<\/p>\n
About PointsBet<\/h2>\n
While PointsBet offers traditional fixed-odds wagering, it also offers a product called PointsBetting. That allows customers to win \u2013 or lose \u2013 exponentially on their wager.<\/p>\n
For example, if you bet $10 on a nine-point favorite, you\u2019ll win $10 if they win by 10. If they win by 19, you win $100. If your team wins by only a point, you\u2019d lose $80.<\/p>\n
The company also has made headlines for its Karma Kommittee<\/a>, which has offered refunds on bad beats and games that have had controversial plays or endings.<\/p>\nThe company currently operates in Iowa and New Jersey. Agreements are in place to operate in Colorado, Illinois, and Michigan.<\/p>\n","protected":false},"excerpt":{"rendered":"
PointsBet will launch in its third state on Thursday, when the Australian-based sportsbook goes live with its mobile betting application in Indiana. The Indiana Gaming Commission on Wednesday announced that it gave PointsBet clearance to start taking bets as soon as Thursday. The company told Casino.org it plans to treat the first few days of […]<\/p>\n","protected":false},"author":45,"featured_media":129002,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,1074],"tags":[],"acf":[],"yoast_head":"\n
PointsBet Gets Clearance to Start Mobile Sports Betting in Indiana<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n