Indiana: Best Sportsbook Bonuses and Promo Codes for November 2022

Quick facts: Indiana promo codes

1. Caesars Indiana welcome offer

Up to $1,250 on Caesars

Code: COVERSBONUSFULL

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Caesars Sportsbook doesn’t shy away from a challenge and has stepped up to the plate with its latest up to $1,250 on Caesars 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 sign-up bonus provides users with a safety net when deciding on their initial wager, an unusually freeing feeling. As an added incentive, 1,000 Caesars Rewards® Tier Credits and 1,000 Caesars Rewards Reward Credits are also attached to the offer.

Caesars Sportsbook’s current promotion lists terms you’ll have to adhere to, including these seven: 

• Use Indiana promo code COVERSBONUSFULL when signing up to redeem the offer.
  
  
• Free bet must be used within 14 days of activation.
  
  
• After losing the initial wager, free bet credit is added to the account within two days.
  
  
• Your account will be credited with the tier and reward credits within seven days of the initial wager being settled. Remember, these credits cannot be withdrawn as real cash.
  
  
• Users must make an initial wager within 30 days of signing up.
  
  
• Must use all of the site credit on one follow-up wager.
  
  
• Winnings paid out on free bet credit, not the stake.

Caesars promo pros and cons

High $1,250 maximum offer 

Promotion guarantees 2,000 combined tier and rewards credits

30 days to make an initial, qualifying wager

Winnings paid out, but not stake on bets using site credit

Must use all site credit on one follow-up wager

Must lose first bet to garner free bet credit

What does up to $1,250 on Caesars Sportsbook mean for you?

This Caesars promo is 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.

Additionally, the 1,000 tier and 1,000 reward credits provide a kickstart on garnering other Caesars rewards. Reach a certain tier or build up enough rewards credits, and you’ll be eligible for tons of perks. 

How much can you make with up to $1,250 on Caesars Sportsbook?

If your initial wager loses, a maximum free bet credit of up to $1,250 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 $1,250. 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 $1,250, then you would secure $312 as withdrawable winnings if you win the bet.

Why is this bonus better than the others?

Like others among the best Indiana betting bonuses, Caesars pours bundles of resources into their welcome offers, facilitating a high $1,250 maximum redemption offer.

2. FanDuel Indiana welcome offer

$1,000 no sweat first bet

No code required

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FanDuel understands what welcome offers make bettors tick. Its current $1,000 promotion yields the highest number of possible sign-ups because of the increased maximum match offer. If you make an initial qualifying wager of $1,000 and your bet loses, FanDuel reimburses the entire stake in the form of free bets.

FanDuel’s current promotion has an extensive list of terms and conditions, five of the most notable are outlined here:

• No FanDuel promo code is required, but you must download the FanDuel sportsbook mobile app and deposit $10 to get started.
  
  
• FanDuel will credit your account with an amount equal to the stake up to a maximum of $1,000 if and only if the first bet loses.
  
  
• Free bet credit will be added to your account within 72 hours of your first bet settling as a loss.
  
  
• Site credit can be used on any sports betting market and expires in 14 days.
  
  
• Site credit cannot be withdrawn. Winnings can be withdrawn after reinvesting site credit on subsequent bets.

FanDuel promo pros and cons

Up to a $1,000 bonus

No betting market restrictions

New bettors can aim for a larger payout than usual

Up to 72 hours for the credits to hit your account

Site credit cannot immediately be withdrawn

What does a $1,000 FanDuel No Sweat First Bet mean for you?

Most bettors revel at the chance to be risk forward. FanDuel’s welcome offer provides the platform for bettors to push the envelope and commit to bets they might ordinarily avoid.

Should you swing and miss on your first wager, FanDuel steps up with free site credit to soften the blow.

Hit a home run on the first wager? You win. No need to worry about using the site credit that would have been credited to your account. 

How much money can you earn with a $1,000 No Sweat First Bet?

You will receive a maximum reimbursement of $1,000 in site credit if you lose an initial wager on which you staked $1,000. The amount of money you wagered determines the amount that you get back in site credit.

FanDuel does not apply minimum odds requirements for this bonus, meaning that you are free to wager on any event. If you like the +400 odds hanging on the Colts game and use the maximum $1,000 amount, you would score a $5,000 payout if your bet hits.

Why is this better than the others?

Any time a sportsbook offers potential reimbursements of up to $1,000, the chances of it being among the best Indiana betting bonuses are high. That is true for FanDuel’s current offer.

3. BetMGM Indiana welcome offer

$1,000 risk-free bet

No code required

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BetMGM enters the scene with an enticing value proposition of a $1,000 risk-free bet. Here's how 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:

• Minimum $10 deposit required.
  
  
• A maximum of $1,000 on the first wager (which must lose) is matched and credited to the account.
  
  
• All free bets are credited to the user’s account within 24 hours of the initial losing wager.
  
  
• Free bets must be redeemed within seven days.
  
  
• Only winnings will be paid out on bets utilizing free credit.
  
  

BetMGM promo pros and cons

High $1,000 maximum match offer 

Site credit disbursed in five equal 20% installments

Site credit deposited within 24 hours

Free bets must be redeemed within seven days

Only winnings paid out on bets utilizing free credit 

If the opening wager wins, promotion stands null and void

What does a $1,000 BetMGM risk-free bet mean for you?

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.

How much can you make with a $1,000 BetMGM Risk-Free bet?

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. 

Why is this better than the others?

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.

4. PointsBet Indiana welcome offer

Up to $800 in free bets

Code: MC4X200

Claim Now

Australian-based operator PointsBet has a simplified sign-up bonus for new Indiana customers. You must use the latest PointsBet promo code — MC4X200 — to claim the offer. Here's how it works:

• Place an initial fixed odds bet, up to $200, each day over four days.
  
  
• How you start depends on your risk tolerance; try a $50 bet or go all-in with the $800 total maximum value.
  
  
• PointsBet Indiana will then refund your wagers wholly — up to $800 in total — in non-withdrawable free bets if you don't hit the mark and lose.
  
  
• As with any risk-free bets, you won’t be eligible to leverage the site credit on the wagers you win. However, you can split each of your free bets four ways, a tremendous variation.
  
  

PointsBet promo pros and cons:

Free bets can be split in four ways

Free bets deposited within 24 hours of wager settling

Fewer payment methods than other sportsbooks

Free bets must be used within seven days

What does up to $800 in free bets mean for you? 

Sports betting sites sometimes overcomplicate the welcome bonus, making it difficult for the player to claim or flat-out off-putting. Four equal risk-free bets, each worth up to $200, comes across as straightforward. Plus, you could win the initial qualifying wagers. Nothing wrong with that outcome. In a scenario where you back the Colts to win at odds of +450 with $200 staked, you're in line for a $900 payout should they pull out the win.

5. Unibet Indiana welcome offer

$100 risk-free bet

No code required

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The $100 risk-free bet welcome offer from Unibet isn’t nearly as lucrative as other elite Indiana sportsbook bonuses, but it's still a solid place to start. Keep in mind that Unibet’s welcome offer comes as bonus money with a 3x playthrough requirement attached.

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:

• Required minimum $10 deposit and no Unibet promo code needed.
  
  
• Unibet matches the initial stake and deposits up to a maximum of $100.
  
  
• If the first bet settles as a loss, a cash refund goes into your account within 72 hours.
  
  
• Eligible players receive bonus money with a 3x playthrough requirement attached. Only bets at odds of -300 or more count towards the bonus.
  
  
• Users have seven days to meet the playthrough requirement.

Unibet promo pros and cons:

Cash refunds are provided on first bets settled as a loss, which can be withdrawn immediately

Free bets can be used on any sports market

Risk-free initial wager

Lower maximum match offer, just $100

If the first bet loses, the refund takes 72 hours to hit your account

Why is this Unibet risk-free bet better than others? 

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. 

Latest Indiana betting news

Most common sign-up bonuses

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 bet

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 match

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 bonus

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. 

This type of offer is regularly used by new sports betting sites and for prominent events, like the NBA Finals, Super Bowl, and March Madness. 

All online sportsbooks in Indiana

Indiana-based bettors have access to 14 regulated and licensed online sportsbooks, ready to accept legal wagers. Here's the complete list of Indiana betting sites — including new betting sites available to players 21 years of age and older:

Indiana's online and mobile sportsbooks

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
BetMGM	Yes	BetMGM	No	Belterra Casino
BetRivers	Yes	Kambi	No	French Lick Resort
Betway	Yes	SBTech	No	Belterra Casino
Caesars	Yes	Caesars	No	Indiana Grand Racing
DraftKings	Yes	SBTech	No	Ameristar Casino East Chicago
FanDuel	Yes	Flutter	No	Blue Chip Casino
Hard Rock	Yes	GiG	No	Hard Rock Casino Northern Indiana
MaximBet	Yes	Kambi	No	TBD
PointsBet	Yes	PointsBet	No	Lawrenceburg's Hollywood Casino
SBK Sportsbook	Yes	Smarkets	No	Rising Star Casino Resort
Unibet	Yes	Kambi	No	Horseshoe Hammond
WynnBET	Yes	GAN	No	Rising Star Casino

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