Indiana Sportsbook Promos: $7,650 in Best Offers for Dec. 2024

All Indiana sportsbook promo codes

The best Indiana sports betting apps all know that the best is yet to come, and new players are the key to success. So, they’ve made it easy to earn various sign-up welcome bonus offers with and without promo codes.

Only BetMGM, BetRivers, bet365, and Caesars require promo codes to be entered during the first deposit. Most of the 11 sports betting apps available in the Hoosier State each offer welcome bonuses that fall into three categories -- first bet insurance, deposit match bonus, and bonus betting credits.

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FanDuel IN welcome offer 🔵

As an industry leader, FanDuel could rest on its laurels and allow its reputation to speak for itself. Still, the operator is offering new players in Indiana a bet $5, win $150 in bonus bets reward. No FanDuel promo code is required to redeem 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 it wins, you'll get $150 in bonus bets.
• You will have seven days to use the bonus bets.

Why FanDuel's bonus is better than others

While many sportsbooks with first-bet insurance or 'bet & get' offers force you to use your bonus all at once, FanDuel permits you to split its reward into multiple smaller wagers, providing you with top-tier flexibility. All you need to do is bet $5 (and win) and you'll get $150 in bonus bets to split up for as many wagers as you like. Just remember, you only have seven days before the bonuses expire.

DraftKings IN welcome offer 👑

DraftKings Indiana, one of the top-tier operators in the country, is targeting new players with its latest welcome bonus. First-timers can earn $150 in bonus bets instantly. No DraftKings promo code is required at 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.

Additionally, DraftKings lets you claim a 20% first deposit bonus, up to $1,000 as part of its welcome offer.

Why DraftKings' bonus is better than others

Betting $5 to get $150 in bonus bets, win or lose, is one of the best deals in Illinois. DraftKings doesn’t force new bettors to use all $150 in bonus bet funds on a single wager. Rather, players will get up to six more chances to earn money and build their bankroll. This flexibility, combined with the fact that you can claim an additional $1,000 first deposit bonus, makes this one of the best Illinois sportsbook promos.

BetMGM IN welcome offer 🦁

The “King of Parlays” hopes to become Indiana’s go-to sports betting app with an aggressive welcome bonus. New players can earn an up to $1,500 First Bet Offer. Ensure you use BetMGM bonus code SBRBONUS during registration.

• Minimum deposit of $10 is required.
• First bet must lose for BetMGM to pay out any bonus 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.

Why BetMGM's bonus is better than others

While the $1,500 maximum is the highest in the state, you do have to lose your first bet to earn any bonus bets. That being said, BetMGM doesn't require bonus bet monies to be risked on a single wager and allows new players to spread bonus funds over five bets in most instances. So, if you received the maximum $1,500 worth of bonus bets, you would get them in five $300 pieces. It gives you a lot of flexibility to try out different betting markets as a new BetMGM customer. 

Caesars IN welcome offer 🏛

Caesars isn’t messing around regarding marketing towards prospective Indiana sports bettors. The name brand is global, offering new players 10 100% Profit Boost Tokens that can be applied to any of their bets within the first 14 days of activation. All news users need to do is deposit $10, place a $1 wager, and enter the Caesars Sportsbook promo code SBRBONUSDYW to snag the offer. 

Below find a step-by-step process for how to acquire this bonus:

1. Register with promo code SBRBONUSDYW
2. Make a deposit of at least $10
3. Place a wager of $1 or more via the Caesars mobile app or desktop site
4. Your account will be credited with 10 100% Profit Boost Tokens to use on any market
5. The max wager for each rewarded Profit Boost is $25
6. The max additional winnings for each rewarded Profit Boost is $2,500
7. Profit Boosts expire after 14 days.

Why Caesars' bonus is better than others

If you can max out this bonus, which is very unlikely, then you can net $25,000 in bonuses. This is the largest bonus available anywhere by a wide margin. But even if you're not looking to max out this bonus, getting 10 100% Profit Boost Tokens allows you to elevate your bankroll. Plus, if your first bet loses, you still have nine more Profit Boost Tokens to work with.

Fanatics IN welcome offer 🧢

Fanatics is bursting onto the scene in a major way with its $1,000 in No Sweat Bets bonus on wagers made in the first ten days after account creation. This welcome bonus is a bit more intricate than the rest, but our breakdown ensures you'll have no problem learning the ins and outs. There is no Fanatics promo code required to activate the offer.

• After downloading the Fanatics app and creating your account, you must make a real money deposit and place a wager of $1 or greater (min. odds -500 or longer).
• If your first daily bet loses, Fanatics will refund your stake as a bonus bet, up to $100.
• Follow the same process for ten straight days, with up to $1,000 in potential bonus bets.
• 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.

Why Fanatics' bonus is better than others

The Fanatics welcome offer is perfect for all bettors given the wide range of bonus values you can earn. You can wager as little as $1 a day and still collect the bonus (if you lose). For bettors with a larger budget, up to $100 in bonus bets can be awarded each day for 10 consecutive days. This is truly a promo for everyone.

BetRivers IN welcome offer ⚡

The BetRivers welcome offer is among the sweetest in the Indiana sportsbook market. The pride of Rush Street Interactive, BetRivers, is offering new players a second chance bet of up to $500. You won't need a BetRivers bonus code of any kind to claim this deal.

• Make an initial bet of up to $500 with odds of -200 or longer.
• If you lose, bonus funds will appear within 24 hours.
• Bonus bets cannot be withdrawn as cash and expire after 30 days.

Why BetRivers' bonus is better than others

A $500 second-chance bet is a potentially lucrative offer, especially if you're actively pursuing multiple bonuses from multiple sportsbooks. However, the BetRivers welcome bonus is a mid-tier bonus. It has a higher dollar value than FanDuel and DraftKings, but a lower value than BetMGM, Fanatics, and Caesars. You also have to lose your first bet for this offer to kick in.

More sportsbook promo codes

We've covered our top six IN sportsbook promos in-depth, but there are a few others still worth your time. Check out any of these options for further bonus opportunities:

The bet365 bonus code unlocks additional rewards with your initial deposit and is an excellent choice with great bonuses all year.

The ESPN BET promo code works a little differently, with up to $1,500 in bonuses + a 200% deposit match (max. $500) available to new users.

Hard Rock Bet is also a good choice, with a straightforward welcome bonus. Use our Hard Rock Bet promo code to get up to $100 No Regret First Bet when you sign up and bet at least $10 or more. 

For more information on these sportsbooks and other promotions, visit our Indiana sports betting apps page.

Indiana sports betting promos summary

How we rate and review sports betting promotions

Our editorial team spends an incredible amount of time independently reviewing every Indiana online sportsbook and sports betting app for quality, safety, and user experience. Our team of experts applies the same stringent grading process when rating Indiana sports betting promotions. The last thing new players want after signing up for a new account is surprises regarding assumed welcome bonus monies.

So, here are some of the factors we consider when rating IN 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 created equal. Some are easier to obtain than others, depending on the betting requirements or playthrough terms. You should always read the terms and conditions of any welcome bonus you're trying to collect to ensure you know exactly how to be successful in claiming it. 

Types of Indiana betting sign-up offers and bonuses

Indiana sports betting sites and apps offer a variety of sign-up bonuses and promotions. Still, these days, the most common offers fall into three categories: a deposit match bonus, bonus bet credits, and first bet insurance.

1. Deposit match bonus

Operators that offer deposit match bonuses are beloved by the sports betting community because the promotion isn’t contingent on any future wager.

For example, a 100% deposit match up to $250 would convert a $250 first-time deposit into $500 in a player’s account. A 50% deposit matchup up to $1000 would mean a $500 deposit unlocks a welcome bonus of $250 for a total of $750 in available funds.

2. Bonus bet credits

Sign-up offers that market bonus credits are outstanding for new players. Here you’ll be asked to make a small minimum deposit of as little as $5-$10 and wager on any event. Once the initial bet settles, operators will issue bonus credits up to a certain dollar amount.

For example, many sportsbooks offer $150 in bonus bets in exchange for a first bet of $5 or more. Some books may force you to use all $150 at once, but most of them split the bonus up into smaller chunks, like six $25 slices. Bonus bets cannot be cashed out, only used to make additional wagers. 

3. First bet insurance

The first bet insurance welcome promotion is found at most Indiana sports betting sites. Operators tend to offer a higher dollar amount on these offers because you can only redeem them if a new player’s first bet settles as a loss, and you will not receive the bonus if the first bet wins.

First bet insurance bonuses often come with a strict set of terms, conditions, and playthrough requirements. For example, you can't withdraw them as cash, you may not be able to split the amount up into smaller wagers, and the bonus bets might expire quickly.

4. Referral bonus

Once you've become a customer and taken advantage of a welcome bonus, most sportsbooks will offer you additional perks if you can recruit your friends to sign up. You'll sometimes be given a unique code or customized link to pass along. If your friends sign up using your referral, the sportsbook will toss a small bonus bet or cashback amount your way. In some cases, your friend may also get a small bonus for using your referral code, making it a win-win situation for everyone. 

These bonuses are often smaller amounts; $10 to $100, on average. However, you might as well take advantage if the opportunity presents itself. Read our guide on the subject to find out which platform offers the best sportsbook referral bonus.

Indiana online sportsbooks

Indiana Governor Eric Holcomb signed House Bill 1015 into law in May of 2019, a year after the United States Supreme Court overturned the Professional and Amateur Sports Protection Act, which allowed individual states to legislate sports betting matters. A few months later, just a few legal sports betting sites launched, like BetRivers and DraftKings. By 2022, Indiana had issued a total of 15 licenses for online sportsbooks and sports betting apps.

However, in 2022, two operators — TwinSpires and MaximBet — left the marketplace. WynnBET left in 2023, and Betway shuttered in mid-2024.

Indiana online and mobile sportsbooks

Indiana sports betting legal news updates

Indiana betting resources

Indiana sportsbook promos are just one piece of the puzzle. For new players to become well-informed, they should check out our other Indiana sports betting resource guides. These include a full review of the best Indiana betting apps, a more extensive overview of all the best sportsbook promos, and an in-depth review of Indiana’s best online sportsbook, FanDuel.  

Sportsbook by category

Check out our resources on the best sportsbook for specific sports and leagues:

Responsible sports betting with Indiana promos

The Indiana Gaming Commission is the state’s governing body overseeing legal sports betting oversight, regulation, and law enforcement. In addition to reviewing operator applications, issuing licenses, and performing site and app audits, the IGC is responsible for problem gambling education, resources, and treatment options.

When you visit the commission’s website, you’ll notice a vast library of problem gambling resources, including the hotline 1-800-994-8448. With thousands of dollars in welcome bonuses, sign-up offers, and ongoing promotions, those addicted to sports gambling may need assistance maintaining a healthy relationship with the hobby. The IGC also offers the following:

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

National U.S. gambling helpline: 1-800-GAMBLER

Sportsbook promos and bonuses in other regions

Sportsbook promos & bonuses in legal U.S. states

Every state makes its own laws about gambling of any kind, including betting on sports and whether it's available online. For a more detailed explanation, check out SBR's legal sports betting states tracker or any of the state-specific pages below. 

Sportsbook promos & bonuses in international regions

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