As sports betting continues to gain popularity across the United States, the Indiana sports betting market continues to expand. The Hoosier State boasts a total sports betting handle of over $16 billion since the market opened with an array of Indiana sportsbook promos in September 2019.
Best Offers in
Here, we’ll cover the available Indiana sportsbook bonuses from the state’s top licensed betting operators – brands like Caesars, FanDuel, and others. We’ll also cover how new players can start betting and what other bonuses they can look forward to from the best online sportsbooks in the state.
Top Indiana Sportsbook Betting Promos
Here are some of our top picks for welcome bonuses from Indiana sportsbooks:
- BetMGM Bonus Code
- bet365 Bonus Code
- Caesars Sportsbook Promo Code
- FanDuel Promo Code
- BetRivers Sportsbook Promo Code
IN Betting Promos Explained
While the betting operators in Indiana all describe their promotions slightly differently, they mostly fall into one of two categories.
The first is bet-and-get bonus bets – sign up, place a bet, and you’ll immediately qualify for bonus bets to play with. Bonus bets can’t be withdrawn and are subject to terms and conditions, but they can be used to place real bets at no additional cost to the player.
The second category is first-bet insurance, which kicks in if a player’s first bet doesn’t win and offers them bonus bets equal to the value of their initial stake. These promos can provide players with up to a generous amount of insurance, but won’t offer more than the player initially bet.
Between these types of bonuses and the number of operators active in the state, there’s no shortage of welcome offers for prospective bettors in Indiana.
How to Claim IN Sportsbook Betting Promos
The process of claiming sports betting promotions in Indiana is simple. Every operator in the state adheres to a similar signup process:
- Download an IN sports betting app or navigate to the sportsbook’s website.
- Follow the on-screen prompt to sign up.
- Complete registration, verify your identity and location, and enter a promo code if applicable.
- Make your first deposit.
- Place your first qualifying bet to redeem your bonus.
Bets may need to meet certain stake or odds thresholds to qualify for the welcome bonus. If your bet meets the criteria, the bonus will automatically be applied.
What are Indiana Sportsbook Promotions?
Each Indiana sportsbook offers a range of promotions – some to draw new players, others to retain existing ones. The former type is more heavily advertised to the general public, but they’re hardly the only offers on the board. Most of these offers fall into one of the following categories.
Bonus Bet Credits
Bet-and-get offers are commonly used as part of welcome bonuses and are highly attractive to new players. With the low buy-in cost, these offers are friendly to players who may have a limited budget or not be entirely sold on betting.
These offers are simple: players sign up, place a bet worth at least a qualifying threshold, and receive a fixed number of bonus bets. The first bet required to redeem these offers typically ranged from $5 to $10, while the bonus bets paid out can be equal to $150 to $200.
Bonus bets can’t be withdrawn and typically expire if not used within 7-14 days. Still, they offer new players a chance to get started quickly at a new sportsbook without a huge initial investment.
Deposit Bonuses
Deposit bonuses are a less common but highly regarded bonus in the sports betting community. These offers aren’t contingent on the outcomes of any future bets made by the player.
With a 100 percent deposit match up to $250, for example, a player could deposit $250 and receive a total of $500 in their account. Similarly, a 50 percent deposit match means that players who deposit $500 would receive $750 in their account.
First Bet Insurance
A common feature of welcome bonuses, first-bet insurance allows players a hedge against making their first bet at a new sportsbook. These offers can insure up to a generous amount, which is usually well-advertised as part of the promotion.
With a $1,000 first-bet insurance promotion, players can sign up at a sportsbook, place a bet worth $1,000, and receive $1,000 in bonus bets if they lose. These promotions can result in a large bonus bet payout, but won’t insure more than the player bets and don’t pay out if the player’s first bet wins.
As with bet-and-get bonus bets, bonuses awarded as insurance generally expire if not used. Regardless, they’re a good fit for players who want to make a big splash on their first bet.
Referral Bonus – IN Sports Betting Sites
After signing up and claiming a welcome bonus, many sportsbooks offer players additional perks if they can successfully refer friends. This usually comes in the form of a referral code or link to share with them.
If your friends register using your code, you’ll typically receive a bonus bet or similar award. Your friend, too, will be eligible for a reward for signing up with your code.
Referral bonuses are typically modest, with bonus bets paid out ranging from $10 to $100 on average. It’s a worthwhile incentive for players who take advantage of the opportunity they present.
Can You Use Multiple IN Betting Promos?
- New players may claim their sign-up bonus from each of the 12 Indiana betting apps only once. Betting operators have several measures in place to prevent fraudulent activity; players won’t be able to make duplicate accounts to cash in on the welcome bonus a second time.
- Other Indiana betting promos are available to players, but these have limits. Welcome bonuses are usually standalone and cannot be combined with other offers.
Indiana Sportsbook Promos: News And Notes
- Mar. 15, 2024: BetMGM announces a change to its Indiana welcome bonus, offering new users up to $1,500 in first-bet insurance.
- Feb. 27, 2024: Fanatics launches in Indiana, taking over for PointsBet.
- Feb. 15, 2024: Indiana’s sports betting handle slightly drops in January 2024 to $480.6 million, despite record-breaking revenues.
- Jan. 30, 2024: bet365 launches its sportsbook in the state, becoming the 12th sportsbook in the state of Indiana.
- Jan. 26, 2024: bet365 announced they will be launching in Indiana on Jan. 30, 2024. It will be the eighth legal state for the U.K.-based sportsbook.
- Jan. 15, 2024: The Indiana Gaming Commission’s December report cites that sports betting operators surpassed the $500 million handle mark for the second straight month.
- Nov. 14, 2023: ESPN BET officially goes live in Indiana, along with 16 other states.
- Oct. 3, 2023: Indiana reports a monthly betting handle of $404.1 million for September 2023, a 5.7% jump from the same month in 2022 and a massive 69.7% jump from the previous month.
- Sept 17, 2023: Indiana reports that its sports betting handle jumped 17% from July to August, hitting $238.1 million.
IN Sportsbook Promos FAQs
Do all betting sites in Indiana offer promotions?
Each of the 12 sportsbooks in the state run some types of promotions. We recommend shopping around to find the sports betting promos that are right for you.
What is the best sportsbook in Indiana?
There are several sportsbook options for Indiana bettors. Every sportsbook we’ve mentioned is legal, licensed, and can provide a quality experience for new bettors in Indiana.
Which is the best Indiana sportsbook promo?
Each Indiana sportsbook promotion caters to different groups of bettors. We recommend browsing your available options to find the best fit for the bets you want to make.
