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The handle for Indiana sports betting will soar to over $5 billion in 2023. So, to earn a bigger slice of a competitive field, the best sportsbooks, like DraftKings, FanDuel, bet365 and Caesars, generate competitive Indiana sportsbook promos and bonuses. This guide will dig into the best betting offers and IN sports betting promos available today.

Top Indiana sports betting promos

#1

Bet $5, Win $150 in Bonus Bets

Features

  • Top-tier app experience.
  • Same Game Parlays and SGP+.
  • Extensive promos and odds boosts.

FanDuel Review

FanDuel reigns supreme right now as the No. 1 betting site in America. And it has largely earned that spot on the strength of superior brand recognition, an easy-to-use product, an overwhelming number of markets for North America’s most popular sports, and representation in every state in which it is permitted to offer legal sports betting.

Features

#2

$1,000 First Bet on Caesars

Features

  • Earn Caesars Rewards from betting activity.
  • Live streaming of NFL games.
  • User-friendly mobile app.
Bet Now

Caesars Review

Caesars is proving to be one of the most aggressively expanding brands in sports betting. Unfortunately, like all major U.S. sportsbooks, they are quick to limit you if you go on a tear and their odds boost promos offer low maximum bet limits.

Features

#3

Bet $5, Get $150 in Bonus Bets

21+. Gambling Problem? Call 1-800-9-WITH-IT

Features

  • Extensive live betting options.
  • More markets than any other sportsbook.
  • One of the best apps in the industry.
Bet Now

bet365 Review

bet365 is one of the largest and most popular sportsbooks globally. With a well-received mobile app, popular same-game parlays, and a wide variety of sports leagues to bet on it’s no wonder 80 million sports bettors worldwide continue to use bet365.

Features

#4

No Sweat First Bet up to $1,000

Features

  • Lots of promos and odds boosts.
  • Wide range of sports and bet types.
  • Seamless integration with DFS.

DraftKings Review

DraftKings had a solid reputation as the leading DFS provider in the country, so the shift to legal sports betting felt natural. They offer one of the most voluminous collections of ongoing promos and odds boosts in the industry as they cater to the beginner crowd. However, their reputation has dwindled as outspoken CEO Jason Robins leads the charge of the anti-profitable bettor mentality that runs rampant amongst sportsbooks that are quick to limit winning players.

Features

#5

Up to a $500 Second Chance Bet

Features

  • Competitive odds across all markets.
  • Live betting section is well organized.
  • Earn iRush Rewards from betting activity.
Bet Now

BetRivers Review

With its solid lines and user-friendly promos, adding BetRivers to your sportsbook rotation makers a lot of sense.

Features

#6

Bet $5, Get $150 in Bonus Bets

Features

  • Some of the best live-betting odds.
  • Casino Operator of the Year in 2021 and 2022.
  • Earn MGM Rewards from betting activity.
Bet Now

BetMGM Review

BetMGM is one of the top-rated sportsbooks in the U.S. offering some of the best live betting odds in the industry. They’re also the largest iGaming operator across the U.S.

Features

#7

Up to a $250 Bonus Bet

Features

  • Massive selection of markets.
  • Easy-to-use interface.
  • Wide variety of banking options.

Betway Review

While this book won’t wow you with its design, you won’t find many apps easier to navigate – or with the sheer volume of sports markets Betway offers. And although you'll find more generous signup offers elsewhere, Betway remains a strong global sports betting brand that deserves to be mentioned among the second-tier sportsbook options in the U.S.

Features

Affiliate Disclosure: Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site.

21+. Gambling can be addictive, please play responsibly

Indiana sports betting promos quick facts

🚀 IN apps launch dateOctober 2019
➡️ Legal betting age21+
🥇 Best IN bonusFanDuel bet $5, win $150 in bonus bets
📱 Sports betting apps12
🤔 Do promos require codes?Sometimes
🤔 Can you withdraw bonus funds?No
🏆 Biggest IN bonusUp to $1,000 first bet on Caesars
🎰 Online casinosNo
🃏  Online pokerNo
🎮 esports bettingNo
☎️ Problem gambling hotline1-800-994-8448
🧑‍🤝‍🧑 Gambling addiction counselingYes 
🔔 IN regulatorIndiana Gaming Commission

All Indiana sportsbook promo codes

We’re several months into the year, but 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 12 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.

Some of the best welcome promos are:

Indiana sportsbook 🏆Promo code ✅Welcome bonus 💰
⭐ BetMGMSBRBONUSBet $5, get $150 in bonus bets
⭐ BetRiversSBRBONUSSecond chance bet up to $500
⭐ CaesarsSBRBONUS1000$1,000 first bet on Caesars
⭐ PointsBetN/AUnique bet types
⭐ bet365SBRBONUSBet $5, get $150 in bonus bets
⭐ Bally BetNo code required$550 bonus bet
⭐ BetwayNo code required$250 bonus bet
 DraftKingsNo code requiredUp to $1,000 No Sweat first bet
ESPN BETNo code requiredGet $100 in bonus bets
 FanDuelNo code requiredBet $5, win $150 in bonus bets
 Hard RockNo code requiredNo regret first bet up to $100
 SBK SportsbookNo code requiredBet $20 get $100 in bonus bets

Gambling Problem? Call 1-800-GAMBLER

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 $10 is required.
  • Place a qualifying wager of $5 on any available market.
  • If your bet wins, you'll get $150 in bonus bets.
  • You will have seven days to use the bonus bets.
Screenshot of the FanDuel Sportsbook app for Android. 
FanDuel Android App
ProsCons
✅ Low initial risk❌ Available in app only
✅ Can use bonus on any markets❌ Quick expiry once released
✅ Bonus can be split into smaller bets❌ First bet must win

What’s the promo mean for you?

This promo allows you to potentially start off your sports betting journey with a handful of bonus bets. If your first bet of $5 or more turns out to be a winner, FanDuel will credit your account with $1560 of bonus bets. You can use those bonus bets to make additional wagers, although they expire within seven days. 

How much money can be earned with the promo?

The immediate maximum value of this promotion is $150. However, it could end up being worth more if you can use the bonus bets to pick winners, expanding your potential profit. 

Why this 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.

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 up to $1,000 in bonus bets via a No Sweat first-bet insurance welcome offer. No DraftKings promo code is required at sign-up.

  • You must make an initial deposit of $5 or more.
  • Your qualifying wager can be on any sport, at any odds, but must be $1 or more.
  • If your qualifying wager loses, you'll receive a bonus bet equal to that amount.
  • The bonus bet is delivered as a single bet, so you cannot split it up further.
  • You can’t withdraw bonus funds as real cash.
  • Bonus bets will expire after seven days if unused.
Screenshots of the DraftKings Sportsbook iOS app.
DraftKings iOS app
ProsCons
✅ No promo code required❌ First bet must lose to claim
✅ Only $5 initial wager required❌ Only 7 days to use bonus
✅ High maximum value

What does the promo mean for you?

This promo means that your first qualifying wager on DraftKings is insured against any kind of loss. If your pick ends up wrong, you'll receive a bonus bet refund for the exact amount you lost, up to $1,000. 

How much money can be earned with the promo?

The maximum face value of this promotion is $1,000. It might sound like a lot, especially compared to other sportsbooks that have top bonuses totaling $150 or $200. Remember, though, that you must first lose a $1,000 bet in order to maximize this DK bonus. The bonus bet merely gives you a second chance to pick a winner. If your first wager and bonus bet picks both lose, you'll end up with nothing. 

Why this bonus is better than others

This bonus is better than others because of its sheer maximum value. Very few sportsbooks offer potential four-figure welcome bonuses. 

BetMGM IN welcome offer 🦁

The “King of Parlays” hopes to become Indiana’s go-to sports betting app with a solid welcome bonus. New players can earn $150 in bonus bets after a first qualifying wager of just $5. Ensure you use BetMGM promo code SBRBONUS during registration.

  • Minimum deposit of $10 is required.
  • First bet can win or lose; BetMGM will pay out the bonus funds either way.
  • Bonus funds come in six chunks of $25 each.
  • Bonus bets cannot be withdrawn as cash.
  • These must be used within seven days of receiving them.
Screenshot of BetMGM Sportsbook app on Android.
BetMGM Android App
ProsCons
✅ Low minimum deposit❌ Bonus bets aren't very flexible
✅ First bet doesn't have to lose❌ Quick expiration
✅ Small initial risk

What’s the promo mean for you?

This promo means you'll get $150 in bonus bets after you make a first wager of $5 or more. That's pretty much it. It's quite simple. Your first bet doesn't have to win (or lose) to qualify, so pick whatever you want. Just make sure it's at least a $5 stake.

How much money can be earned with the promo?

The total value of this bonus is technically $150, but it could be worth much more (or less) depending on how you use it. Since you can't cash out the bonus bets directly, you'll have to use them to make additional wagers. Depending on the odds and outcomes of those wagers, you could be left with a decent account balance or be back to zero.

Why this bonus is better than others

BetMGM is embracing the trend of guaranteed bonus bets, giving new users promotional funds no matter how their first wager turns out. It's a nice change from offers that require that same bet to lose in order to pay out.

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. The BetRivers bonus code SBRBONUS is required at the time of registration.

  • 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.
Screenshot of the BetRivers Sportsbook app on Android.
BetRivers Android App
ProsCons
✅ Solid dollar value at $500❌First bet has to lose
✅ Second chance first bet❌ Other books have larger first bet insurance offers
✅ Trusted brand in sports betting

What’s the promo mean for you?

You are insured with your first bet at BetRivers. If you win, you can keep the profits of your initial bet. If you lose, you can continue to make additional wagers with the bonus bets and try try to build up your bankroll without making additional deposits. 

How much money can be earned with the promo?

Like other second-chance bets, you will earn nothing from this promo if your first bet wins. If it loses, you can use them to continue to bet, albeit with rollover requirements. That means you can't withdraw the bonus bets as cash, but must use them for additional wagers.

Why this bonus is better than others

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

Caesars IN welcome offer 🏛

Caesars isn’t messing around regarding marketing towards prospective Indiana sports bettors. The name brand is global, offering new players a $1,000 first bet on Caesars. New users must enter the Caesars Sportsbook promo code SBRBONUS1000 to snag the offer.

  • 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.
Screenshot of Caesars Sportsbook for Android. 
Caesars Android App
ProsCons
✅ High-value bonus❌ First bet must lose
✅ Only a $10 minimum deposit❌ Bonus bet expires quickly
✅ Great for more veteran bettors❌ Can’t withdraw as cash

What’s the promo mean for you?

Caesars gives you the chance to jump-start your bankroll with up to a $1,000 bonus bet. Just register a new account using the promo code SBRBONUS1000 and make a first bet on any sports market. Should you lose, Caesars will return your money, up to $1,000, as a bonus bet.

How much money can be earned with the promo?

The amount you can earn entirely depends on how your picks pan out. If you win the wagers you make with bonus bets, you can potentially profit hundreds or thousands of dollars. If your picks end up as losers, though, you'll burn through the bonus bets fairly quickly and be left with little.

Why this bonus is better than others

Caesars offers one of the largest amounts of bonus bets, more than competitors like FanDuel and DraftKings. You do have to risk up to $1,000 in order to maximize its value, but it's still a lucrative welcome bonus with great potential to pad your profits.

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.

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.

At BetMGM, a $5 first bet settled unlocks $150 in bonus bet credits. These bets are divided into six (6) $25 individual bonus bets that you can use on most future events and parlays.

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 State 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. Indiana would issue licenses for 15 online sportsbooks and sports betting apps in the following months and years. 

However, in 2022, two operators — TwinSpires and MaximBet — left the marketplace. WynnBET also left in 2023. With 12 operators still offering welcome bonuses to new players, Indiana is about to get their 13th mobile sportsbook here shortly as the state recently granted Betr a license.

Indiana online and mobile sportsbooks

Indiana sportsbookBest known for
Bally BetEarly cash out
BetMGM“King of Parlays”
BetRiversAward-winning parent company
BetwayDaily odds boosts
CaesarsRewards program
DraftKingsIndustry leader
ESPN BETUnique personality promotions
FanDuelTop-rated Apple/Android app ratings
Hard RockSelect live streaming
PointsBetPoints Betting™
SBKPrice + best odds
bet365Great app and available in 8 states in US

Indiana sports betting legal news updates

Jan. 30, 2024: bet365 launches their sportsbook in the state, becoming the 12th sportsbook in the state of Indiana.

Jan. 26, 2024: bet365 announced they will be launching in Indiana on Jan. 30, 2024. It will be the eighth legal state for the U.K.-based sportsbook. 

Nov. 14, 2023: ESPN BET officially goes live in Indiana, along with 16 other states.

Oct. 3, 2023: Indiana reports a monthly betting handle of $404.1 million for September 2023, a 5.7% jump from the same month in 2022 and a massive 69.7% jump from the previous month.

Sept 17, 2023: Indiana reports that its sports betting handle jumped 17% from July to August, hitting $238.1 million.

Aug. 11, 2023: WynnBET announces they will cease operations in Indiana, along with seven other states. 

June 6, 2023: The NFL announces they are investigating Indianapolis Colt cornerback Isaiah Rodgers for allegedly placing over 100 bets on an unnamed sports betting site.

March 29, 2023: DraftKings launches their DK Horse app, a mobile betting app specifically for horse racing, ahead of the annual Kentucky Derby.

Feb. 21, 2023: Indiana HB 1536 — a bill that would legalize online casinos in Indiana — fails to make it through a House committee.
Nov. 2, 2022: Betr announces a partnership with the Eastern Band of Cherokee Indians to join the Indiana sports betting market.

Sept. 6, 2022: Hard Rock Sportsbook (later rebranded Hard Rock BET) becomes the 13th legal online betting site to go live in Indiana.

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.  

How to bet on sportsHow to read oddsHow to manage your bankroll
New to sports betting? Read our guide on how to get started.Learn how to read sports betting odds in every format.Discover how to manage your bankroll and make smart betting choices.

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

Indiana sportsbook promos FAQs

What’s the best sports betting bonus in Indiana?

Considering all factors of a quality online sportsbook bonus, from user experience to customer support to other welcome offers, FanDuel typically offers competitive bonuses with minimal risk required, while other books dangle hefty first-bet insurance offers.

Which verified Indiana sportsbook promos are the best value?

The best value is subjective, but if new players are looking for the most significant bonus monies, the biggest deal at verified Indiana sportsbooks is probably Caesars' welcome bonus of up to $1,000.

How old do I need to bet on sports in Indiana?

Every player interested in betting on sports at retail and online Indiana sportsbooks must be at least 21.

Do all Indiana sportsbooks provide sports betting promo codes?

No, most Indiana online sportsbooks and sports betting apps do NOT require promo codes at the time of first deposit. In some cases, operators automatically apply promo codes when players go to make a deposit. Our table of promo codes above has been tested and verified.

What are the playthrough requirements on legal online sportsbooks in Indiana?

Playthrough requirements tied to welcome bonuses and ongoing promotions vary by operator. The IGC does an excellent job of ensuring online sportsbooks lay out crystal clear messaging to let players know how to acquire bonus monies and, if applicable, cash out bonus funds.

How many sign-up bonuses can I claim in Indiana?

New players may claim one (1) sign-up bonus at each of Indiana’s 11 online sportsbooks/sports betting apps. Operators make sure to cut down on “gaming the system” and create more than one fraudulent account by requiring new players to enter their social security number during registration.