Indiana Underscoreg Promos and Bonuses: Best Offers for July 2024

Indiana sports betting promos quick facts

All Indiana sportsbook promo codes

The top Indiana sports betting apps understand that the future holds even better opportunities, and attracting new players is crucial for growth. That’s why they offer a variety of sign-up welcome bonuses, with or without promo codes, to make it easy for users to get started.

Out of the 12 sports betting apps in the Hoosier State, only BetMGM, BetRivers, bet365, and Caesars mandate the use of promo codes during the initial deposit. These apps typically provide welcome bonuses in one of three categories: first bet insurance, deposit match bonus, or bonus betting credits.

Here are some of the top welcome promotions available:

• FanDuel: Bet $5, win $200 in bonus bets
• Caesars: $1,000 first-bet bonus
• ESPN BET: Up to $1,500 in bonuses

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FanDuel IN welcome offer

Despite being an industry leader, FanDuel is not content to rely solely on its reputation. The operator is now providing new players in Indiana with the opportunity to win $200 in bonus bets by simply betting $5. There is no need for a FanDuel promo code to take advantage of this sign-up offer.

• You must download the FanDuel app to claim the offer.
• Minimum first deposit of $5 is required.
• Place a qualifying wager of $5 on any available market.
• If you win, you’ll get $200 in bonus bets.
• You will have seven days to use the bonus bets.

What’s the promo mean for you?

Get your sports betting journey started with a bang with this promo from FanDuel. Simply place a first bet of $5 or more and if it wins, you’ll receive $200 in bonus bets. These bonus bets can be used for additional wagers, but remember they expire after seven days.

How much money can be earned with the promo?

The promotion has an initial maximum value of $200, but with the potential to increase if you use the bonus bets wisely and choose winning selections, thereby maximizing your profits.

Why this bonus is better than others

FanDuel stands out from other sportsbooks by allowing you to divide your bonus into smaller bets instead of requiring you to use it all at once, giving you more flexibility in your wagering.

DraftKings IN welcome offer

DraftKings Indiana, a leading operator in the nation, is offering a new welcome bonus to attract new players. New users can receive $150 in bonus bets right away without the need for a DraftKings promo code during sign-up.

• You must make an initial deposit of $5 or more.
• Your $5+ qualifying wager can be on any sport, with any odds.
• $150 in bonus bets will arrive instantly, win or lose.
• Bonus bets arrive as six (6) $25 slices.
• You can’t withdraw bonus funds as real cash.
• Bonus bets will expire after seven days if unused.

What does the promo mean for you?

This promotion offers $150 in bonus bets when you place your first wager of $5 or more. It is one of the top welcome offers on the market, providing great value for a small initial investment.

How much money can be earned with the promo?

If your initial bet is successful, you can use all six (6) bonus bets worth $25 each to increase your winnings and grow your bankroll. While you cannot cash out the $150 in bonus bet funds directly, any profits you earn from using them belong to you.

Why this bonus is better than others

DraftKings offers new bettors the flexibility to use their $150 bonus bet funds across up to six separate wagers, allowing players multiple opportunities to grow their bankroll. Unlike other promotions, you do not have to lose your first bet to qualify for this bonus, making it a more appealing option for potential bettors.

BetMGM IN welcome offer

The King of Parlays aims to establish itself as Indiana’s top sports betting app by offering a generous welcome bonus. New players have the opportunity to receive up to $1,500 in bonus bet insurance. Don’t forget to enter the BetMGM promo code SBRBONUS when signing up.

• Minimum deposit of $10 is required.
• First bet must lose for BetMGM to pay out insurance funds.
• First bet losing wagers of $50 or more will be paid out in 20% increments.
• For example, a $1,500 first bet loss would earn five (5) $300 bonus bets.
• These must be used within seven days of receiving them.
• Bonus funds cannot be withdrawn as cash.

What’s the promo mean for you?

This offer gives you two possible outcomes: either you win your first bet and don’t receive the welcome bonus, or you lose and get the value of that bet credited back to your account as a bonus bet (up to $1,500). It acts as a safety net, providing you with a second opportunity to place a successful bet.

How much money can be earned with the promo?

If you win your initial bet, you will not receive any extra money from BetMGM’s welcome bonus.

In the event that your initial bet is unsuccessful, there is potential to earn significant profits from bonus bets. For instance, if you receive a $200 bonus bet credit and place a wager on an event with 2-to-1 (+200) odds, and it is successful, you can keep the $400 profit. This means that the more you win, the greater your potential earnings through bonus bet insurance wagers.

Why this bonus is better than others

BetMGM offers flexibility by allowing new players to spread bonus funds over five bets instead of requiring them to be risked on a single wager. For example, if you receive the maximum $1,500 worth of bonus bets, you would get them in five $300 pieces. This allows you to explore different betting markets as a new BetMGM customer.

BetRivers IN welcome offer ⚡

The BetRivers welcome offer is one of the most attractive in the Indiana sportsbook market. BetRivers, the flagship brand of Rush Street Interactive, is giving new players the opportunity for a second chance bet worth up to $500. To take advantage of this offer, players must enter the BetRivers bonus code SBRBONUS when registering.

• Make an initial bet of up to $500 with odds of -200 or longer.
• If you lose, bonus funds will appear within 24 hours.
• Don’t forget the promo code SBRBONUS before making the deposit.

What’s the promo mean for you?

When you place your first bet at BetRivers, you are covered by insurance. If you win, you get to keep the profits from your initial bet. If you lose, you can keep playing with bonus bets and work on growing your bankroll without having to add more money.

How much money can be earned with the promo?

Similar to other second-chance offers, if your initial bet is successful, you will not receive any benefits from this promotion. However, if your bet is unsuccessful, you can use the bonus bets to place further wagers, although there are rollover conditions to be met. This implies that the bonus bets cannot be withdrawn as cash, but must be utilized for additional betting opportunities.

Why this bonus is better than others

The BetRivers welcome bonus offers a greater dollar value than FanDuel, but falls below the bonuses offered by BetMGM, DraftKings, and Caesars. To take advantage of this offer, you must lose your first bet. However, the $500 second-chance bet presents a potentially lucrative opportunity, especially for those seeking bonuses from multiple sportsbooks.

Caesars IN welcome offer

Caesars is serious about targeting potential Indiana sports bettors with their marketing efforts. As a global brand, they are enticing new players with a $1,000 first bet on Caesars. To take advantage of this offer, new users must enter the promo code SBRBONUS1000 at checkout.

• Minimum deposit of $10 is required.
• Your first bet must lose in order to qualify.
• If your bet loses, you’ll get your stake back, up to $1,000, as a single bonus bet.
• The bonus bet expires within 14 days, so use it promptly.

What’s the promo mean for you?

Signup with Caesars using promo code SBRBONUS1000 to receive a bonus bet of up to $1,000 when making your first bet on any sports market. If you happen to lose, Caesars will refund your money as a bonus bet.

How much money can be earned with the promo?

Your potential earnings are directly tied to the success of your picks. Winning bets made with bonus funds could result in significant profits of hundreds or even thousands of dollars. However, if your picks are not successful, you will quickly deplete the bonus funds and be left with minimal returns.

Why this bonus is better than others

Caesars provides a generous amount of bonus bets, surpassing competitors such as FanDuel and BetRivers. While you must be willing to risk up to $1,000 to fully take advantage of this offer, it remains a highly rewarding welcome bonus that has the potential to boost your earnings significantly.

Fanatics IN welcome offer 

Fanatics is making a big splash with its $1,000 bonus match for wagers placed within five days of creating an account. This unique welcome bonus may seem complex, but our detailed explanation will help you understand it easily. No promo code is needed to redeem this offer from Fanatics.

• After downloading the Fanatics app and creating your account, you must place a wager of $5 or greater.
• Win or lose, Fanatics will match the amount wagered in bonuses up to $200.
• Follow the wagering process for five days and you can score between $200 and $1,000 in bonuses.
• After day one, you must opt in before placing your eligible wager – failing to opt in forfeits your opportunity to gain bonuses for that day.
• Bonuses expire seven days after issuance.

What’s the promo mean for you?

Fanatics’ promotion allows you to start your sports betting adventure with bonus bets. For beginners in sports betting, using these bonuses is a great way to join in on the excitement without the risk of losing actual money.

How much money can be earned with the promo?

The promo offers a $5 bonus for those who choose to participate on the first day with the lowest wagering requirement. Bettors have the opportunity to earn up to $1,000 in bonuses by receiving the maximum $200 bonus each day for all five days.

Why this bonus is better than others

The bonus offer at FanDuel is ideal for customers seeking a bonus with a low wagering requirement. On the other hand, BetMGM, DraftKings, and Caesars offer bonuses in the four-figure range for those looking for maximum value. The Fanatics welcome offer caters to all types of bettors with its diverse range of bonuses available.

How we rate and review sports betting promotions

Our editorial team dedicates a significant amount of time conducting thorough reviews of each Indiana online sportsbook and sports betting app to ensure they meet high standards for quality, safety, and user experience. We also carefully evaluate Indiana sports betting promotions using a rigorous grading process to prevent any surprises for new players who sign up for an account and expect a certain welcome bonus.

These are the factors we take into account when evaluating sports betting offers.

• The maximum overall value of the welcome bonus.
• If the sign-up offer is guaranteed or not.
• Verifying the promo code, if required.
• What are the minimum deposit requirements, if any.
• Examining playthrough requirements and withdrawal policies.
• The potential expiration date of the welcome bonus.

Not all bonuses are the same. The ease of obtaining them varies depending on the betting requirements or playthrough terms. It is important to carefully read the terms and conditions of any welcome bonus you are interested in to ensure you understand what is required to successfully claim it.

Types of Indiana betting sign-up offers and bonuses

Indiana sports betting platforms provide a range of sign-up incentives and promotions, with the most prevalent options falling into three main categories: deposit match bonuses, bonus bet credits, and first bet insurance.

1. Deposit match bonus

Sports bettors love operators that provide deposit match bonuses because they don’t have to make any additional bets in order to take advantage of the promotion.

For instance, if a player makes a first-time deposit of $250, a 100% deposit match up to $250 would double their funds to $500. Similarly, a 50% deposit match up to $1000 would allow a $500 deposit to unlock a $250 welcome bonus, resulting in a total of $750 in available funds.

2. Bonus bet credits

New players can take advantage of sign-up offers that include bonus credits. Simply make a small minimum deposit of $5-$10 and place a wager on any event. After the initial bet is settled, operators will provide bonus credits up to a specified dollar amount.

For instance, numerous sportsbooks provide $150 in bonus bets when you place a first bet of $5 or more. While some books may require you to use the entire $150 at once, most will divide the bonus into smaller portions, such as six $25 increments. It is important to note that bonus bets cannot be withdrawn as cash and can only be used for making additional wagers.

3. First bet insurance

Most Indiana sports betting sites feature the first bet insurance welcome promotion. Operators typically provide a higher dollar amount for these offers, as they can only be claimed if a new player’s first bet results in a loss. If the first bet wins, the bonus will not be awarded.

Initial bet insurance bonuses typically have stringent terms, conditions, and playthrough requirements attached. These may include limitations on withdrawing the bonus funds as cash, restrictions on dividing the amount into smaller bets, and a short expiration period for the bonus bets.

4. Referral bonus

After becoming a customer and receiving a welcome bonus, many sportsbooks will reward you with extra benefits for referring friends to sign up. You will often receive a unique code or personalized link to share. If your friends sign up using your referral, you may receive a bonus bet or cashback. Sometimes, your friend may also receive a bonus for using your code, creating a mutually beneficial situation for all involved.

Typically ranging from $10 to $100, sportsbook referral bonuses may be on the smaller side, but it’s still worth seizing the opportunity if it arises. Check out our guide to discover the platform with the top sportsbook referral bonus.

Indiana online sportsbooks

In May 2019, Indiana Governor Eric Holcomb approved House Bill 1015 into law, following the overturning of the Professional and Amateur Sports Protection Act by the United States Supreme Court. This decision allowed individual states to regulate sports betting. Shortly after, legal sports betting sites such as BetRivers and DraftKings were launched. Over the next few months and years, Indiana issued licenses for 15 online sportsbooks and sports betting apps.

Nevertheless, in 2022, the marketplace saw the departure of two operators, TwinSpires and MaximBet. WynnBET followed suit in 2023. Despite these exits, there are still 12 operators in Indiana that continue to offer welcome bonuses to new players. The state is soon to welcome its 13th mobile sportsbook as Betr was recently granted a license.

Indiana online and mobile sportsbooks

Indiana sports betting legal news updates

Indiana betting resources

Indiana sportsbook promotions are an important component, but new players should also explore our other resources for a better understanding. This includes detailed reviews of the top Indiana betting apps, an extensive look at the best sportsbook promotions, and a thorough analysis of Indiana’s premier online sportsbook, FanDuel.

Underscoreg by category

Explore our collection of resources that highlight the top sportsbooks for individual sports and leagues.

Responsible sports betting with Indiana promos

The Indiana Gaming Commission is responsible for regulating legal sports betting in the state, overseeing operator applications and licenses, conducting audits of sites and apps, and enforcing laws. Additionally, the IGC provides education, resources, and treatment options for problem gambling.

Upon visiting the commission’s website, you will find a plethora of resources for problem gambling, such as the hotline 1-800-994-8448. Given the abundance of welcome bonuses, sign-up offers, and ongoing promotions worth thousands of dollars, individuals struggling with sports gambling addiction may require support to maintain a healthy relationship with the activity. Additionally, the IGC provides the following services:

• Voluntary self-exclusion programs
• Internet self-restriction program
• Self-assessment tests
• Treatment center providers
• Gamblers Anonymous meetings in Indian

The national gambling helpline for the United States is 1-800-GAMBLER.

Underscoreg promos and bonuses in other regions

Underscoreg promos & bonuses in legal U.S. states

Each state has the authority to establish its own regulations regarding all forms of gambling, such as sports betting and online availability. For further information, please refer to SBR’s legal sports betting states tracker or visit the state-specific pages listed below.

Underscoreg promos & bonuses in international regions

• Canada sportsbook promos (excluding Ontario)
• U.K. sportsbook promos