Fantasy Bet
Posted : admin On 7/25/2022Online sports betting and daily fantasy sports are distinct products and regulated as such. Betting on the DraftKings Sportsbook is currently only available in certain states. To find out which states, check out our guide to where sports betting is legal.
Sports Wagering and Paid Fantasy Sports
- Fantasy football and gambling. Fantasy football leagues can require a pool betting operating licence because the prize values are determined by the number of paying entrants. The exception to this is if it is run otherwise than in the course of a business.
- Fantasy sports betting is a different concept from traditional sports betting, as you don’t bet directly on the outcome of any sporting events. Instead you create a fantasy sports team and compete against opponents to try and win money.
The Sports Wagering and Paid Fantasy Sports Division is responsible for administering and regulating sports wagering and paid fantasy sports in Indiana. Paid fantasy sports was established by Senate Enrolled Act 339-2016 and is contained within Indiana Code § 4-33-24. Sports Wagering is established by House Enrolled Act 1015-2019 and is contained within Indiana Code § 4-38.
The IGC will thoughtfully develop an application and regulatory framework for sports wagering. By statute, the earliest date in which sports wagering can be offered September 1, 2019 and is subject to regulatory approval. The IGC is committed to making this process transparent and to creating a strong regulatory environment that ensures the integrity of these activities in Indiana.
Relevant information will be continuously posted to our website. It is recommended that interested parties subscribe to email updates through our website in order to remain apprised of new information as it becomes available.
Please do not hesitate to contact our office with any questions, 317-233-0046.
Fantasy Bet App
If you have information related to a sports wagering integrity issue, you may email the tip line at sportswagering@igc.in.gov or call 1-800-715-3810. We will keep sources of information confidential.
Sports Wagering
List of Current Sports Wagering Licensees
Contact Information for Indiana Sportsbooks
List of Current Sports Wagering Registrants
Paid Fantasy Sports
Fantasybetszone.com
- PFS Game Operator License Application
The cost of investigation or reinvestigation under IC 4-33-24-17 is billed at $65.00 per hour.