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The casino will then send each person their own W-2G. From there, the process is identical to how you would report any individual winnings. How to report your gambling winnings to Indiana. As previously stated, Indiana is a state that allows you to use Form W-2G for your state income tax return as well. Indiana law prohibits wagering on high school and amateur youth sporting events. Betting on NCAA Division I sports, however, is allowed. A complete list of leagues and events you can bet on can be. While Indiana gambling laws allow betting on horse racing and riverboat casinos, most other types of gambling are prohibited in the state. Bona fide contests of skill are acceptable, as are bingo, raffles, and other charitable games. Learn more about Indiana gambling laws in the table below.