The best promo codes and deposit bonuses available at IA sportsbooks.
Iowa college sports fans who back their teams no matter what can now put their money where their mouths are. One of the top collegiate fan bases in America has welcomed legal sports betting with open arms – and wallets – as the industry continues to carve a swath across the U.S. Here's a look at the top sports betting bonuses available to Iowa-based players.
If your first qualifying wager loses, Caesars will credit you a bet credit equal to the value of your first wager up to $1,250, plus get 1,000 Tier Credits and 1,000 Reward Credits® win or lose.
If your first qualifying bet loses and it is in an amount greater than $50, you will receive five (5) bonus bets back in equal denominations of 20% of the total amount of the qualifying bet up to $1,000.
New users to FanDuel are eligible for a No Sweat First Bet of up to $1,000 in bonus bets. All you have to do is sign up and make a first deposit of at least $10. If your first bet loses, FanDuel will give you bonus bets equal to the amount of the first bet. The bonus bets will expire 14 days after being issued.
New customers with DraftKings can place an initial deposit and wager of $5 or more on any pre-game moneyline to receive $150 in bonus bets should they win. The reward will be delivered as six (6) $25 bonus bets that are non-withdrawable, non-transferable, non-refundable, and will expire after seven days.
The offer is available until May 28, 2023.
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PointsBet offers new customers up to five second chance bets for $50 each. If any of your first five cash bets on a fixed odds market loses, you'll receive a bet credit for the losing wager up to $50.
The promotion starts on the day you place your first cash bet. If your first bet of the day wins, you are not eligible for the promotion for that day. If you do not place a bet over the first five days, you will lose the second chance bets, and it will not be extended.
Barstool Sportsbook offers a $1,000 new player bonus for new users.
The $250 risk-free bet Betway offers is modest in terms of its monetary value – and is only awarded to players whose first wager loses. As signup offers go, this one lags behind the top competition in the U.S. Betway also comes up short in terms of ongoing promos, with modest parlay boosts making up the majority of their ongoing enticements.
SuperBook offers new players in 100% First Bet Bonus of up to $500.
Betfred offers new users a "Bet $50, Get $250 Free" promotion.
BetRivers has a welcome bonus of up to $500 on a 2nd chance bet. Use promo code SPORTS upon sign-up to claim.
ClutchBet offers a risk free bet of up to $500 for new customers. To be eligible, make a deposit of $10 or more and place your first wager of $10 or more within 30 days of signing up. The wager must settle within seven days of placing the bet.
Hard Rock offers what they call a No Regret First Bet of up to $1,000 for new customers. Deposit $10 or more, then place your first bet of at least $100. If that bet loses, you'll receive your money back as bonus bets equal to the initial bet amount. The bonus bets expire after seven days.
Bally Bet does not currently offer a welcome bonus for new customers.
If your first qualifying wager loses, Caesars will credit you a bet credit equal to the value of your first wager up to $1,250, plus get 1,000 Tier Credits and 1,000 Reward Credits® win or lose. Your bet credit is for one-time use within 14 days and cannot be divided across multiple wagers.
New customers to BetMGM are eligible for up to $1,000 back in bonus bets when they sign up for an account.
If your first qualifying bet loses and it is in an amount greater than $50, you will receive five (5) bonus bets back in equal denominations of 20% of the total amount of the qualifying bet up to $1,000. If your qualifying bet loses and it is less than $50, you will receive a single bonus bet back in a single denomination equaling the total amount of the qualifying bet. For example: if you place a $1,000 qualifying bet and your bet loses, you will receive five (5) $200 bonus bets. If you place a $49 bet and lose, you will receive one $49 bonus bet.
New users to FanDuel are eligible for a welcome bonus that guarantees funds win or loss on your first bet. Register and deposit on the FanDuel mobile app and place a first bet of $20. If that bet wins or loses, you’ll get bonus bets deposited into your account of $200, equal to 10x the initial bet. FanDuel will fulfill bonus bets within 72 hours, expiring on March 19 at 11:59 p.m. ET.
New customers to DraftKings can place a wager of $5+ on any pre-game moneyline and receive $200 in bonus bets if your team wins.
The first placed wager of $5+ will be the qualifying wager. Bonus will be paid as eight (8) $25 bonus bets and are not redeemable for cash, non-transferable, non-refundable, and will expire after seven days.
Minimum $5 deposit. Minimum $5 bet. Valid 1 per new customer.
PointsBet offers new players a $100 risk-free bet on each of their first five days as an account holder. Their deal is of the "if you don't use it, you lose it" type, so to get the most out of this, you must be super active in your first week as a player. PointsBet used to be one of the most generous betting sites with their new player promos, but as the industry as a whole has cut back on promotions, so has PointsBet. Use promo code 5X100RC to claim.
Barstool Sportsbook has an average sign-up bonus offering a $1,000 risk-free bet for new users in most regions. They try and word it differently sometimes calling it a “2 for 1” but it’s a standard risk-free new player bonus. With the risk-free bet, you only get money back if your first bet loses, and they match your first bet, not deposit, up to $1,000.
Betfred offers new users a "Bet $50, Get $250 Free" promotion. The odds on the initial wager must be -200 or less. However, new users do not receive the full $250 at once. After the initial $50 wager, the bettor will receive a $100 credit. Once that bet settles, the account is credited again with a $50 credit the following Monday of the new week. In the subsequent two weeks, beginning each Monday, the bettor must place a wager of at least $1 to receive the remaining two $50 credits equating to $250.
BetRivers goes with a deposit match up to $250, which is nice as it gives you free money to play with instead of risk-free bets that only award you if your first bet is graded a loser. Unfortunately, $250 is low compared to the industry standard. Use promo code SPORTS to claim.
Hard Rock offers what they call a No Regret First Bet of up to $1,000 for new customers. Deposit $10 or more, then place your first bet of at least $100. If that bet loses, you'll receive your money back as bonus bets equal to the initial bet amount.
The bonus bets expire after seven days, so make sure to use them quickly.
Bally Bet used to offer a $550 risk-free bet for new users, which was average at best and only awarded you if your first bet lost. They have since lowered their offering for new users down to $50 in most regions. The silver lining of the new offer is that it's a true free bet offer where they match your first wager, not deposit, win or lose.
If your first bet losses, Elite Sportsbook will give you a free play of the same value as your initial wager up to $500. The amount is on part with operators such as FanDuel and PointsBet, but the odds limit of +300 is very high.
Sportsbook | Offer | Promo Code |
Caesars | Up to $1,250 on Caesars | SBR1FULL |
BetMGM | Up to $1,000 paid back in Bonus Bets | ✅ No Code Required |
FanDuel | Bet $20, get $200 in bonus bets | ✅ No Code Required |
DraftKings | Bet $5, Get $200 in Bonus Bets | ✅ No Code Required |
PointsBet | Five second chance bets up to $50 each | ✅ No Code Required |
Barstool | $1,000 Risk-free Bet | ✅ No Code Required |
Betfred | Bet $50, Get $250 | ✅ No Code Required |
BetRivers | 100% Deposit Match up to $250 | SPORTS |
Hard Rock | No Regret First Bet up to $1,000 | ✅ No Code Required |
Bally Bet | 100% First Bet Match up to $50 | ✅ No Code Required |
Elite Sportsbook | Free Bet Up To $500 | ✅ No Code Required |
Like most states, Iowa’s state gaming authority has put safeguards in place to ensure that bettors have a way out of any potential trouble spots.
The Iowa Racing and Gaming Commission manages the state’s self-exclusion lists and problem gambling programs, while 15 of the 19 licensed casinos in the state provide self-exclusion. Players can also set deposit and bet limits of their choosing through the mobile apps.
Visit the Iowa Racing and Gaming Commission site.
It will come as no surprise to see a rather extensive list of major professional and amateur sports available to Iowa bettors; here are the marquee sports on which Iowans can wager:
If you're an Iowan looking for a way to get your feet wet in the betting world, wagering on professional football is a great place to start. Not only are bettors treated to a wealth of markets every week of the season, you won't find a more popular sport with regard to tips, strategies and advice.
College football is wildly popular in Iowa – and legislation caters to the crowd by allowing for wagering on any NCAA football lines, totals and props. It will come as no surprise to betting fanatics that the Iowa Hawkeyes and Iowa State Cyclones generate the most hometown betting handle in the state.
From the gridiron to the hardcourt, you can expect to see bettors flock to NBA markets once the NFL and NCAA football seasons wind down. And fortunately for Iowa wagerers, sportsbooks flood their apps with dozens of markets for every NBA regular season and playoff matchup.
Iowa doesn't have major representation in Division I men's basketball, with just four programs (Iowa, Iowa State, Northern Iowa, Drake). But don't sleep on Iowans' passion for collegiate hoops – and expect to see that enthusiasm translate into strong NCAAB handles, especially for March Madness.
Nothing says summer in the sporting world like Major League Baseball – and if you're looking for a wagering fix between the end of NBA and the beginning of football, you could do worse than to give MLB betting a try. Major sportsbooks provide hundreds of betting markets for most games.
Be sure to save some of your yearly betting budget for some hockey action. Whether you're new to the sport or a veteran NHL bettor, you'll find no shortage of betting markets – including a robust live bet offering that allows you to bet on the next goal or penalty, or whether the game will go to OT.
Golf might not rank among the most-bet sports in North America, but it's easily one of the most underrated. The number of available markets for every tournament is staggering – and sportsbooks get even more expansive (and creative) when it comes to major championships.
The English Premier League. La Liga. Serie A. The Bundesliga. Ligue 1. Even Major League Soccer. You will never find yourself short on soccer markets – so it's worth spending the time to brush up on your footy knowledge. And there's a bonus to doing so now, with the World Cup coming soon.