Last Updated Jun 21, 2022, 04:26 PM ET
Indiana rolled out legal online sports betting in 2019 and it continues to gain considerable momentum. Claiming sportsbook bonuses remains straightforward: Sign up for your preferred sportsbook, add funds to your wallet and make an initial qualifying wager.
Which of the best Indiana sports betting bonuses is tailor-fitted for you? We dive into the top five Indiana sportsbook bonuses to help inform your decision-making.
Up to $1,500 risk-free bet
Promo code: COVERS15
Caesars Sportsbook doesn’t shy away from a challenge and has stepped up to the plate with its latest $1,500 risk-free bet welcome offer in Indiana. Like a couple of other Indiana sportsbook bonuses, the Caesars Sportsbook promo is predicated on a bettor losing the initial wager. If you win your first bet, the promotion stands null and void.
The risk-free bet provides users with a safety net when deciding on their initial wager, an unusually freeing feeling. Caesars Sportsbook’s current promotion lists terms you’ll have to adhere to, including these five:
Risk-free bets are an excellent way to entice new bettors to get involved. By providing a safety net, bettors can dip their feet into the water before gaining experience and determining whether they want to commit to the chosen sportsbook.
If your initial wager loses, a maximum free bet credit of up to $1,500 is issued as reimbursement. The amount of free bet credit you receive depends on how much you bet with your first wager. In the case of Caesars, its welcome offer checks the lucrative box if you go up to the maximum of $1,500. With no odds requirements in place, you can place a bet on any available market. If you decide to place a bet at odds of -400 using the full $1,500, then you would secure $375 as withdrawable winnings if you win the bet.
Like others among the best Indiana betting bonuses, Caesars pours bundles of resources into their welcome offers, facilitating a high $1,500 maximum redemption offer.
$1,000 risk-free bet
No code required
BetMGM enters the scene with a similar proposition to its direct competitors. Its $1,000 risk-free bet nearly mirrors FanDuel’s offer and varies slightly from Caesars' promotion. While there are a number of slight nuances between the sportsbook’s offerings, the main difference is the way in which BetMGM disburses the reimbursed site credit.
If the first bet wagered costs $49 or less and it loses, BetMGM reimburses the entire stake via a single deposit. However, if the bet’s stake is $50 or higher and it loses, BetMGM disburses the site credit via five separate 20% installments.
So if you wager $1,000 on the initial qualifying bet and lose, you will receive five site credits delivered in $200 denominations. Having the ability to make five subsequent bets using site credit is a beneficial aspect of this welcome offer, where no BetMGM promo code is needed.
Here are five important stipulations placed on BetMGM’s promotion, which expires on Dec. 31, 2022:
BetMGM knows what they’re doing when it comes to welcome bonuses, as evinced by its current $1,000 risk-free offer. The way in which BetMGM, if the user’s initial bet loses, disperses the reimbursement provides bettors the opportunity to reinvest the credit on a number of subsequent bets. For that reason, it’s the preferred option of all the best Indiana betting bonuses.
You can only receive a maximum of $1,000 in free credit, a scenario that occurs when you place a stake of $1,000 and it loses. Like all risk-free bet sign-up promos, the potential money you can earn with BetMGM's bonus depends on the wagered amount of the initial bet. Plus, betting options galore await courtesy of the no odds requirement. If you go for a Cubs bet at odds of -250 and go all-in with $1,000, you'll score a $1,400 payout if it hits.
Its $1,000 maximum match offer is obviously a highlight of the welcome offer, but there’s much more to rave about. The way in which BetMGM deposits site credit on applicable accounts, across five equal installments, is another headlining perk.
$500 risk-free bet
No code required
Australian-based operator PointsBet ranks fourth on the list with its simplified sign-up bonus for new Indiana customers. Here's how it works:
Sports betting sites sometimes overcomplicate the welcome bonus, making it difficult for the player to claim or flat-out off-putting. One risk-free bet, worth up to $500, comes across as straightforward. Plus, you could win the initial qualifying wager. Nothing wrong with that outcome. In a scenario where you back the Colts to win at odds of +450 with $500 staked, you're in line for a $2,750 payout should they pull out the win.
Up to $100 deposit match
No code required
At first glance, the $100 risk-free bet welcome offer from Unibet isn’t nearly as lucrative as other elite Indiana sportsbook bonuses. However, Unibet’s site credit offer comes as withdrawable cash, devoid of rollover requirements.
If you stake $100 on your opening wager and it loses, $100 in withdrawable funds is deposited into your account, placing this offer amongst the best Indiana betting bonuses. Here's the breakdown:
The prospect of receiving credit that is immediately withdrawable significantly elevates Unibet’s overall proposition. Plus, you don’t need a specific Indiana promo code to redeem this offer.
Bet $5, Win $150 in Free Bets
No code required
FanDuel understands what welcome offers make bettors tick. Currently, the sportsbook is dishing out $150 in free bets when you sign up, deposit $10, and place a $5 wager.
FanDuel’s promotion, which expires on Aug. 22, 2022, has an extensive list of terms and conditions, five of the most notable are outlined here:
FanDuel’s welcome offer gives you a guaranteed $150 in free bet credits. You can’t withdraw this amount without wagering it first, but a win at +100 odds would allow you to immediately withdraw the subsequent $150 in winnings.
FanDuel does not apply odds requirements for this bonus, meaning that you are free to wager on any event. For example, taking an underdog at +150 would result in a net gain of $225 (assuming you’ve bet the entire $150 bonus).
While other Indiana offers may give bettors a shot at a more lucrative payday, FanDuel’s sign-up promo caters to beginner and casual bettors looking for a low-cost addition to their bankroll.
There are quite a few common sportsbook sign-up bonuses extended to players to garner a maximum number of new customers. However, risk-free bets, deposit matches, and no deposit bonuses are three of the most popular.
Risk-free bets are advantageous in a number of ways. For starters, they present an opportunity for bettors to wager without assuming too much risk if their respective wagers lose. The only way the promotion activates is through a loss, so there is ample merit in sourcing an underdog that has a viable chance of upsetting the apple cart.
Let's say you like the Indiana Pacers, pegged as underdogs, at home against the Cleveland Cavaliers. Source additional reasons for backing the Pacers. Don’t simply back them because you have a risk-free bet at your disposal.
Are any of Cleveland’s top players tired or hurt? Are the Cavaliers playing on back-to-back nights? Once you find a number of valid reasons to back the Pacers, go for it. If you win, you’ll reap the rewards from the risk-forward wager. If you lose, the sportsbook will reimburse the stake up to a pre-specified maximum. That’s the definition of a win-win scenario.
Deposit matches are a powerful tool used by sportsbooks, as they immediately double a bettor’s original investment. If a new player deposits $200 on a 100% deposit match offer, they will receive $200 in site credit, increasing their overall wallet to $400.
Remember, stipulations and requirements are always placed on these offers, including rollover requirements and potential odds restrictions, so make sure to read the terms and conditions of each welcome offer.
No deposit bonuses are used less frequently than deposit matches and risk-free bets but are just as effective. Bettors love the fact that a sportsbook makes a pre-specified deposit on their behalf, ensuring users don’t initially have to invest their own money. The sportsbook believes the original investment will be enough to convince new bettors to commit long term.
Indiana-based bettors have access to 13 regulated and licensed online sportsbooks, ready to accept legal wagers. Here's the complete list of Indiana betting sites available to players 21 years of age and older:
|Online sportsbook||Mobile app||Odds provider||Online casino||Retail partner|
|Bally Bet||Yes||Bet.Works||No||Bally's Evansville|
|Barstool||Yes||Kambi||No||Ameristar Casino East Chicago|
|BetRivers||Yes||Kambi||No||French Lick Resort|
|Caesars||Yes||Caesars||No||Indiana Grand Racing|
|DraftKings||Yes||SBTech||No||Ameristar Casino East Chicago|
|FanDuel||Yes||Flutter||No||Blue Chip Casino|
|MaximBet (coming soon)||Yes||Kambi||No||TBD|
|PointsBet||Yes||PointsBet||No||Lawrenceburg's Hollywood Casino|
|theScore Bet||Yes||Bet.Works||No||Ameristar Casino East Chicago|
|TwinSpires||Yes||Kambi||No||Rising Star Casino|
|William Hill||Yes||William Hill||No||Bally's Evansville|
|WynnBET||Yes||GAN||No||Rising Star Casino|
Of all the Indiana sportsbook bonuses, Caesars ranks first.
You can claim a welcome bonus for each new sportsbook you sign up for.
When a bettor signs up numerous times for the same offer or offers at the same sportsbook, it’s classified as bonus abuse.
You need to be at least 21 years old to bet on sports in Indiana.
Mike has been researching and reviewing products for more than a decade. The former travel and entertainment publisher is all in on sports betting. When he's not sweating picks or supporting Covers' betting experts in making smarter sports bettors, you can find him by the BBQ, perfecting his cross-hatch marks.