Iowa Sports Betting Promos & Bonuses: $7,905 in Bonuses July 2024

Iowa sports betting promos summary

All Iowa sportsbook promo codes and bonuses

Iowa’s sports betting law allows for over 50 online sportsbook licenses to be issued soon. With 18 legal and regulated Iowa sports betting apps already available, competition in the Hawkeye State is expected to be intense in the coming years, leading to more competitive welcome bonuses and sign-up promotions for players.

Currently, only five operators necessitate promo codes during the initial deposit to claim a welcome bonus.

Most online sportsbooks in Iowa offer new players sign-up deals that typically involve first-bet insurance or bonus bets. In many cases, players must have their first bet result in a loss in order to receive any welcome bonus funds. If a player’s first bet is a winner, they may not be eligible for the promotion. Some of these offers can be worth $1,000 or higher.

• BetMGM: Up to $1,500 in bonus bet
• Caesars: Up to $1,000 first bet on Caesars
• ESPN BET: Up to $1,500 in bonuses
• Fanatics: Up to $1,000 in bonus bets

Newcomer Tipico is currently offering a $250 deposit bonus for new players who deposit $200. However, please be aware that you must meet certain wagering requirements before you can withdraw the bonus funds. Be sure to read and understand these requirements before making a deposit.

Gambling Problem? Call 1-800-GAMBLER

Caesars IA Welcome Offer

Iowa has embraced Caesars Underscoreg with enthusiasm, both online and at its five retail locations. New players who sign up for the sports betting product can receive up to $1,000 in bonus bets through Caesars’ first-bet insurance welcome offer. To redeem this offer, players must use the promo code SBRBONUS1000 when making their first deposit.

• First bet must be placed and settled within 30 days of registration.
• Minimum initial wager of $1 or more.
• If your bet loses, you’ll receive a single bonus bet equal to your lost amount (up to $1,000).
• Bonuses will hit your account within two days after your qualifying wager settles.
• Bonus bet cannot be transferred or cashed out, and expires in 14 days.

What’s the promo mean for you?

The Caesars promotion offers incredible value by giving you up to $1,000 in bonus bets if your first real money wager on the sportsbook is a loss. This gives you a second opportunity to choose a winning bet without having to risk additional funds.

How much money can be earned with the promo?

The bonus has a maximum value of $1,000, but that amount only represents the potential bonus bet you could receive if your initial bet is unsuccessful. The actual potential earnings depend on using the bonus bet to select a winning outcome and the associated odds. If your bonus bet is also unsuccessful, you will not make any profit and may end up losing money.

Why is this bonus better than others?

Although losing your first bet is a requirement to qualify for this bonus, few other sportsbook bonuses offer rewards exceeding $1,000. The high maximum potential value of this promotion makes it appealing to both novice and seasoned bettors.

DraftKings IA Welcome Offer

Despite the lack of pressure to offer first-bet insurance, DraftKings is still providing new players in Iowa with the opportunity to earn up to $300 in bonus bets instantly, without the need for a promo code.

• Minimum deposit of $5 or more.
• Minimum first bet of $5 or more.
• Higher bonus amounts are unlocked with increased betting requirements.
• First bet of $5+ will grant $150 in bonus bets.
• First bet of $20+ will grant $200 in bonus bets.
• First bet of $50+ will grant $250 in bonus bets.
• First bet of $100+ will grant $300 in bonus bets.
• Bonus bets are granted instantly, win or lose.
• Bonus bets arrive as multiple $25 slices.
• Bonus funds must be used within seven days.

What’s the promo mean for you?

This promotion is straightforward. Place a bet of $5 or more on DraftKings Iowa and regardless of the outcome, you will receive bonus bets ranging from $150 to $300 (based on your wager amount) for use on future bets.

How much money can be earned with the promo?

The amount you can earn from the DraftKings Iowa promotion is determined by how successful you are with your future wagers. If you use your $25 bonus bets and end up losing all of your picks, you won’t earn any money through the promotion and the welcome bonus period will end. On the other hand, if you bet the bonus money and win, you get to keep the profits and can continue to grow your bankroll.

Why this bonus is better than others?

There are only a handful of Iowa online sportsbooks that provide bonus bets that can be used on multiple future wagers. DraftKings’ welcome bonus has a very low initial risk of just $5, which does not need to be lost to qualify for the offer. If you are willing to bet more initially, you can receive up to $300 in bonus bets immediately.

FanDuel IA Welcome Offer

FanDuel frequently changes its welcome promotions, so be sure to check back regularly before signing up to see if there is a bonus available. Currently, new players in Iowa can take advantage of a special offer where they can bet $5 and win $200 in bonus bets without requiring a FanDuel promo code.

• You must use the FanDuel sportsbook app to receive the sign-up offer.
• Min. deposit of $5 is required.
• Make a first wager of $5 or more on any market.
• If you win, you’ll earn $200 in bonus bets.
• Bonus bets cannot be withdrawn as cash.
• The bonus bets expire after seven days.

What’s the promo mean for you?

By taking advantage of this FanDuel promotion, you have the chance to receive $200 in bonus bets by placing an initial wager of $5 on any market. Just remember, you will only get the bonus if your qualifying bet is successful, so choose wisely.

How much money can be earned with the promo?

Your potential earnings with real cash on FanDuel are directly tied to your success in utilizing bonus bets. If you win all your bets with the bonus, your bankroll will see a significant boost. It’s important to note that any winnings from bonus bets will have the initial bonus amount deducted before being added to your account.

Why this bonus is better than others?

The FanDuel welcome offer stands out from others due to its flexibility, allowing you to divide your bonus into multiple smaller wagers according to your preference.

BetRivers IA Welcome Offer ⚡

New players in Iowa can receive a second chance bet of up to $100 from BetRivers. If your first wager with the sportsbook is unsuccessful, BetRivers will refund your money in the form of a bonus bet, up to $100. There is no need for a BetRivers bonus code to take advantage of this offer.

• New players can wager on any sports market.
• The $100 bonus bet cannot be chopped up into smaller parts.
• You must play through the bonus bet once at odds of -200 or longer.
• If you don’t use the bonus within 30 days, it will expire.

What’s the promo mean for you?

This promotion ensures that new Iowa bettors are protected with up to $100 on their initial bet. While the maximum reward may not be as generous as other competitors, it is still a manageable amount. BetRivers’ promotion provides a great opportunity for beginners to ease into the world of sports betting.

How much money can be earned with the promo?

If your initial bet is unsuccessful, BetRivers will refund up to $100 in lost funds. The potential earnings from your second chance bet will be determined by the outcome of your bonus wager in the future.

Why this bonus is better than others?

New players in Iowa can take advantage of BetRivers’ welcome offer, giving them the opportunity to explore various betting markets risk-free that they may not have considered using their own funds.

BetMGM IA Welcome Offer

New Iowa players can take advantage of the King of Parlays’ great welcome offer at BetMGM. With their welcome bonus, you can get first-bet insurance of up to $1,500 in the form of five bonus bets if your first losing bet is $50 or more. If your first bet is $49 or less and you lose, BetMGM will give you the full amount in a single bonus bet. Don’t forget to use the BetMGM bonus code SBRBONUS when you sign up.

• Min. $10 deposit required.
• First bet must lose to earn insurance bonus.
• First losing bets of $50+ are refunded in the form of five (5) equal bonus bets.
• First losing bets of less than $50 are refunded as a single bonus bet.
• Bonus bets must be used within seven days.

What’s the promo mean for you?

Like other first-bet insurance bonuses, new players can take more risks knowing they have a safety net. If they lose $50 or more, it will be converted into five future bonus bets, giving them five more chances to win their first bet as a bonus.

How much money can be earned with the promo?

If your initial wager is successful, you will not be eligible to earn any money from this promotion.

If your initial bet is unsuccessful, the outcome of subsequent bets will determine your earnings through BetMGM’s promotion. For instance, if you receive five bonus bets and they all result in losses, you will not make any money from the promotion. However, if you use those five bonus bets to achieve five consecutive wins, the winnings from those bets will be added to your bankroll and you can continue to accumulate more earnings. It’s important to note that the bonus bets cannot be cashed out directly.

Why this bonus is better than others?

It is a nice perk that you don’t have to risk the entire bonus bet on one future wager. Breaking it up into five smaller bonus bets allows new players to diversify their insurance funds across different markets.

bet365 IA Welcome Offer

Register with the bet365 bonus code SBRBONUS, deposit at least $10, place a bet of $5 or more on any sports market with odds of -500 or higher, and receive $150 in bonus bets after your bet is settled. Bonus bets must be claimed within seven days of signing up.

• Minimum deposit of $10 or more.
• Ensure your first $5 bet meets the odds requirements.
• Collect $150 in bonus bets, win or lose.
• Bet credits will expire after seven days.

You also have the option to choose the sportsbook’s other welcome offer of a $1,000 First Bet Safety Net. Please remember that you can only redeem one sign-up bonus from bet365.

• Deposit $10 or more within seven days of claiming the offer.
• Redeem the reward within seven days of registration.
• Make your first wager of any amount on any sports market.
• Should your wager lose, you’ll get your stake back, up to $1,000, in bonus bets.
• The bonus bets will arrive in your account within one hour of your qualifying wager settling.

What’s the promo mean for you?

The bet365 welcome offer is straightforward: Place a $5 bet, meet the specified odds criteria, and receive $150 in bonus bet credits. It’s a fantastic deal for such a small investment.

How much money can be earned with the promo?

The outcome is determined by the performance of your selections. The bonus bets totaling $150 cannot be withdrawn as cash, and must be used for placing more bets. If your additional wagers are successful, you can immediately withdraw the profits. Keep in mind that any winnings will not include the amount of the bonus bet stake.

Why this bonus is better than others?

This bonus stands out from the rest due to its extremely low risk. With just a $5 bet of your own money, you can earn credits to use on your bonus bets. You have the freedom to be as bold or cautious as you wish with your picks. It’s a fantastic opportunity to explore bet365’s platform without putting a large portion of your bankroll on the line.

Fanatics IA Welcome Offer 

New customers in Iowa are being welcomed by Fanatics with a $1,000 bonus. To claim it, simply download the Fanatics app, sign up for an account, and make a first-time bet of $5 or more on a market with odds of -200 or higher. Regardless of the outcome, Fanatics will match your bet amount with bonuses up to $200. Repeat this process within the first five days of activating your account, and you could receive up to $1,000 in bonus bets. No promo code is required to take advantage of this fantastic offer.

• Minimum $5 wager required to earn a bonus in each of the five days following account registration.
• After day one, opt-in is necessary to activate the offer.
• If you fail to opt-in on a given day, you can’t gain bonuses that day. However, you can still redeem bonuses on the following eligible days.
• No matter the outcome of your qualifying wager, Fanatics will award you with bonuses equal to the amount wagered (max $200 each day).
• Bonus bets expire after seven days.

What’s the promo mean for you?

Iowans have the chance to receive bonuses ranging from $5 to $1,000 with The Fanatics offer. Whether you prefer a $5 bonus on the first day or want to bet $200 each day to earn the maximum $1,000 in bonuses, this offer caters to a wide range of bettors.

How much money can be earned with the promo?

The Fanatics welcome offer rewards new customers with bonus bets ranging from $5 to $1,000. Your potential earnings in real money will be determined by the outcomes of the wagers placed using these bonuses.

Why is this bonus better than others?

The bonus is perfect for a wide variety of bettors due to the flexibility in the amount of bonuses available. Regardless of whether your bets win or lose, the bonuses will be credited to your account balance.

How we rate and review sports betting promotions

Each Iowa online sportsbook and sports betting app is reviewed and rated by our editorial team for quality, safety, and user experience. Our experts thoroughly evaluate the promotions offered by operators to both new and veteran players. It is important for individuals to research and carefully consider their options before selecting a new online sportsbook, and the promotions offered play a significant role in this decision. Our focus areas include:

• The sign-up offers’ minimum and maximum value.
• Whether the welcome promo is guaranteed or if another action must be performed, such as a minimum deposit or minimum first bet amount.
• Whether the operator is offering a deposit match bonus, bonus bets, or first bet insurance.
• Whether a promo code is required at the time of deposit.
• Details on playthrough requirements and terms and conditions of the sign-up offer or what needs to occur before payout.
• How quickly the expiration date is on the bonus funds or bonus bets.

Types of Iowa betting sign-up offers and bonuses

In Iowa, as in all other states with legalized sports betting, the three most popular sign-up bonuses are deposit matches, bonus bets, and first bet insurance. It is important to familiarize yourself with how these welcome bonuses function before registering with any online sportsbook or sports betting app to avoid any unexpected terms and conditions.

Deposit match bonus

The deposit match bonus is seen as a highly attractive sign-up incentive because new players have the opportunity to earn bonus bet funds regardless of the outcome of their first bet or even if they place a bet at all.

For example, if a new player deposits $500 with a 100% deposit match up to $500, they would receive a $500 bonus, totaling $1,000 in their account wallet. Likewise, a 50% deposit match up to $1,000 would mean a $2,000 deposit earns $1,000 in bonus funds, giving players $3,000 to begin with.

As more operators enter the market, it is increasingly difficult to find the deposit match bonus, which is considered one of the most rewarding sign-up bonuses.

Bonus bets

Certain top executives in the industry favor bonus bet promotions more than deposit matches and first bet insurance. In these situations, new players must deposit a minimum amount, typically around $10, and often place a small initial bet to unlock the bonus bet funds.

At times, bonus bets may be split into smaller amounts, like six (6) $25 bets as part of a $150 bonus bet offer, or the full value of the bonus bets can be used for a single upcoming bet. For example, if a sportsbook offers a $150 bonus bet promotion, a new player might have to deposit $10 and make a $5 initial bet. After the initial bet is settled, the player would receive the $150 bonus, which can then be used for any future bet.

Please remember that there may be additional terms and conditions, as well as playthrough requirements, that must be met before requesting a payout.

First bet insurance

The most prevalent welcome bonus in Iowa is typically a form of first bet insurance, sometimes known as a no-sweat first bet. Unlike other welcome offers, first bet insurance does not necessarily result in additional funds being added to your account. In order for new players to receive any bonus money from first bet insurance, their initial wager must be unsuccessful.

One example is Caesars, which often provides a first bet insurance promotion worth up to $1,000. This allows new players to place a bold first bet, as Caesars will reimburse their account with up to $1,000 in case of a loss. This serves as a valuable safety net for players. If your initial bet is successful, your bankroll increases, but the chance to claim the welcome bonus is lost.

Referral bonus

Underscoregs typically continue offering promotions even after you have already redeemed a welcome bonus. You can earn a referral bonus by sharing a download link provided by the sportsbook with a friend. If your friend registers an account and makes a deposit using that link, you will receive a bonus. For more details, take a look at our compilation of the top sportsbook referral bonuses.

Iowa online sportsbooks

Iowa quickly legalized sports betting after the Supreme Court overturned PASPA in May 2018. By the spring of the next year, legislation was passed by both the Iowa House and Senate. The governor signed the bill into law the following month, and by August 2019, both retail and online sports betting were up and running in the state.

In mid-2023, players have access to 17 online sportsbooks and sports betting apps, but Iowa law allows for over 50 sites to obtain licenses. To stay competitive, operators must continuously update their products and offer enticing welcome bonuses to retain players.

Iowa online and mobile sportsbooks

Latest Iowa sports betting news

Iowa sports teams to bet on

The Iowa State Cyclones, representing Iowa State University, compete in various sports but are primarily focused on NCAA football and men’s basketball when it comes to betting. In Iowa, college betting is permitted, including wagers on in-state teams like the Cyclones, but player props are excluded.

University of Iowa Hawkeyes

The University of Iowa Hawkeyes have the state’s other major college athletic program, best known for its dominant wrestling program which has won 37 Big Ten Conference championships. In addition to wrestling, the Hawkeyes have also achieved success in basketball (11 titles), baseball (9 titles), football (11 titles), gymnastics (8 titles), and various other sports.

Vikings, Chiefs, Bears, Packers

Iowa football fans often support multiple nearby NFL teams, such as the Vikings, Packers, Bears, and Chiefs. Bettors in Iowa can wager on the full NFL betting market through licensed sportsbooks in the state.

Twins, Brewers, Cubs, White Sox, Cardinals, and Royals ⚾

In Iowa, your proximity to various MLB teams in the Midwest depends on your location. Baseball fans in the state tend to support a variety of teams, often taking road trips to neighboring states to catch games. Alternatively, they can wait for the MLB Field of Dreams game, played in a cornfield in Dyersville, Iowa.

Iowa betting resources

• Everything you need to know about Iowa sports betting.
• Where to find the best sportsbooks promos.
• Who we rank as the best sportsbooks to play on.

Before diving headfirst into Iowa’s sports betting promotions, be sure to explore our additional resource guides for the Hawkeye State. Our team of experts has compiled reviews of the top online sportsbooks in Iowa, provided a detailed explanation of how sports betting bonuses function, and highlighted the reasons why Caesars Underscoreg stands out as the premier sports betting app in the state.

Sports betting by category

No matter your preferred sport or league, there is a fantastic sportsbook bonus available for you at numerous legal and licensed sportsbooks in your state. Below is a list of the top sportsbooks categorized to help make your decision even simpler.

Visit our legal sports betting state tracker page for the latest information on sports betting legality in all U.S. states.

Responsible sports betting with Iowa promos

The Iowa Racing and Gaming Commission (IRGC) is responsible for overseeing legal sports betting in the state. The IRGC serves as the governing body, reviewing applications, granting licenses, conducting audits, enforcing laws, and imposing fines when necessary. Committed to protecting the integrity of licensees and the public’s interests in sports betting, the IRGC is dedicated to fulfilling its duties.

Aside from catering to the needs of the betting public, efforts are made to support initiatives aimed at addressing problem gambling and promoting responsible sports betting in the state. A portion of tax revenues generated from sports betting is allocated to fund prevention and treatment programs, as well as other resources to assist individuals struggling with gambling addiction.

The IRGC, in collaboration with the Iowa Department for Health and Human Services, provides a variety of resources to assist individuals and their families in regaining control over their gambling habits. These resources include:

• Self-exclusion programs
• 1-800-BETSOFF hotline available 24/7
• Outpatient counseling
• Financial tools
• Workbooks

Moreover, the online sportsbook operators have included features in each account that allow users to establish monthly budgets and time restrictions for gaming sessions.

National United States gambling helpline: 1-800-GAMBLER

Underscoreg promos and bonuses in other regions

U.S. states with legal sportsbook promos and bonuses

Underscoreg promos and bonuses in international regions

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