Iowa Sports Betting Promos & Bonuses: $5,850+ in Bonuses April 2024

Iowa sports betting promos quick facts

All Iowa sportsbook promo codes and bonuses

Did you know that Iowa’s sports betting law states that more than 50 online sportsbook licenses will be granted in the near future? With 18 legal and regulated Iowa sports betting apps currently, the competition in the Hawkeye State will be fierce in the years to come and players should expect more aggressive welcome bonuses and sign-up promos.

As of right now, only five operators require promo codes at time of first deposit to redeem a welcome bonus:

Of all online sportsbooks, the majority of sign-up offers for new Iowa players are some form of first-bet insurance or bonus bets deal. In some cases, a player’s first bet must lose in order to cash in on any welcome bonus funds. If a player’s first bet wins, first bet insurance promotions go away. Some of these promotions are valued at $1,000 or more:

• BetMGM: Up to $1,500 in bonus bet
• Fanatics: Up to $1,000 in bonus bets

If you’re looking for a deposit match bonus, newcomer Tipico is offering a $250 deposit bonus when you deposit $200. Be sure to read the playthrough requirements because you do need to make some wagers in order for bonus funds to become withdrawable.

Gambling Problem? Call 1-800-GAMBLER

Caesars IA Welcome Offer 🏛

Iowa has welcomed Caesars Sportsbook with open arms both online and at each of its five retail sportsbooks. New players that register with its sports betting product now have a chance to double their winnings! Caesars' welcome offer grants ten 100% profit boosts, earned by placing an initial bet of $1 or more. The Caesars Sportsbook promo code SBRBONUSDYW is also required at the time of first deposit.

• First bet must be placed within 30 days of registration.
• Minimum initial wager of $1 or more; maximum wager of $20 per 100% profit boost token.
• Ten (10) 100% profit boost tokens are earned from initial bet, regardless of outcome.
• Maximum of $1,000 profit can be won from each token.
• All tokens can expire and must be used within 14 days of receipt.

What’s the promo mean for you?

This Caesars promo is an amazing value, granting ten 100% profit boost tokens from an initial bet as low as $1. With ten tokens comes ten separate opportunities to instantly double your profits, should your bet win.

How much money can be earned with the promo?

This promo could technically net a lucrative total return of $10,000. That said, chances are slim. Pulling that off would involve maximizing all ten profit boost tokens, aka winning ten $20 bets with +5000 odds or longer. The best way to maximize/make money with this promo is to place a $20 wager on a betting market with shorter odds that could still pay dividends. For example, using a token to place a $20 wager at +500 would net $240 in profit (regularly $120).

Why is this bonus better than others?

Caesars' ten 100% profit boost tokens are more appealing than other Iowa welcome offers due to both volume and value. With ten chances to double your winnings, and no limitations to odds or betting markets, the possibilities are endless.

DraftKings IA Welcome Offer 👑

DraftKings still hasn’t felt the pressure to embrace first-bet insurance, as new players in Iowa can earn $200 in bonus bets instantly. No DraftKings promo code is required.

• Minimum deposit of $5.
• Minimum first bet of $5.
• Bonus bets are granted instantly.
• Bonus funds segmented into eight (8) increments of $25 bonus bets.
• Bonus funds must be used within seven days.

What’s the promo mean for you?

This promo means you get $200 in bonus bets, regardless of the outcome of your first bet. That's great value, as you won't have to sweat your first pick at all.

How much money can be earned with the promo?

How much you can earn with the DraftKings Iowa promotion depends on your success on future wagers. For example, if you take eight (8) bonus bets and lose all eight wagers, no money will be earned via the promo, and the welcome bonus window will close. However, if you take the bonus bets and win, the profits are yours to keep as you start to build upon your bankroll.

Why this bonus is better than others?

Very few Iowa online sportsbooks offer bonus bets that can be spread around on eight future wagers. DraftKings' welcome bonus also requires a very low initial risk of just $5, which you don't even have to lose in order to qualify for the offer.

FanDuel IA Welcome Offer 🔵

FanDuel likes to mix up its welcome offerings. So, before you sign up, check back in often to see if the operator is offering a player-friendly bonus. Right now, new players in Iowa can enjoy a bet $5, get $150 in bonus bets offer without needing a FanDuel promo code.

• You must use the FanDuel sportsbook app to receive the sign-up offer.
• Min. deposit of $10 is required.
• Make a first wager of $5 or more on any market.
• Win or lose, you'll earn $150 in bonus bets.
• Bonus bets cannot be withdrawn as cash.
• The bonus bets expire after seven days.

What’s the promo mean for you?

This FanDuel promo means that you'll potentially earn $150 in bonus bets just for making an initial wager of $5 on any market. You will receive the bonus regardless of your first bet winning or losing, making this bonus a sure thing. 

How much money can be earned with the promo?

The amount of real cash you can earn depends on how well you use your bonus bets from FanDuel. Should you win every wager you make with the bonus, your bankroll will increase dramatically. Keep in mind that winning bets made with bonus bet credits will have the bonus bet amount taken out before any winnings are awarded to your account.

Why this bonus is better than others?

This FanDuel welcome offer is better than others because it provides plenty of flexibility. You can break down your bonus into as many smaller wagers as you prefer.

BetRivers IA Welcome Offer ⚡

BetRivers is offering new players in Iowa up to a $100 second chance bet. If you lose your first wager with the sportsbook, BetRivers will return your money, up to $100, as a bonus bet. Use BetRivers bonus code SBRBONUS during sign up.

• New players can wager on any sports market.
• The $100 bonus bet cannot be chopped up into smaller parts.
• You must play through the bonus bet once at odds of -200 or longer.
• If you don't use the bonus within 30 days, it will expire.

What’s the promo mean for you?

This promo means new Iowa bettors are insured up to $100 on their first bet. The maximum reward isn't as high as with some competitors, but it's also not overwhelming. BetRivers' offer is a good way for first-time bettors to dip their toes into sports betting.

How much money can be earned with the promo?

If your first bet loses, BetRivers will kick back lost money up to $100. How much you can earn with that second chance bet depends on how successful your bonus wager is in the future.

Why this bonus is better than others?

BetRivers' welcome offer allows new players in Iowa a second chance where they can try out different betting markets that they might otherwise avoid if it was their own money.

BetMGM IA Welcome Offer 🦁

The King of Parlays has a nice welcome offer for new Iowa players. BetMGM’s welcome bonus is first-bet insurance up to $1,500 paid in the form of five (5) bonus bets when your first losing bet is $50 or more. If your first bet of $ 49 or less loses, BetMGM will stake your account the full amount in a single bonus bet. Use BetMGM bonus code SBRBONUS during sign-up.

• Min. $10 deposit required.
• First bet must lose to earn insurance bonus.
• First losing bets of $50+ are refunded in the form of five (5) equal bonus bets.
• First losing bets of less than $50 are refunded as a single bonus bet.
• Bonus bets must be used within seven days.

What’s the promo mean for you?

As is the case with all first-bet insurance bonuses, new players can be more aggressive because they have a safety net. It also means that a loss of $50 or more is converted into five future bonus bets with five more opportunities to earn your first win as a bonus bet.

How much money can be earned with the promo?

If your first bet wins, no money can be earned via this promo.

If your first bet loses, the success on future bets determines how much you can earn via BetMGM’s promo. For example, if you collect five bonus bets and all five lose, you will make no money via the promo. However, if you take those five bonus bets and rattle off five consecutive wins, the winnings on those bets are yours to keep in your bankroll, and from there you can continue to earn more money. The bonus bets themselves are not paid out as cash.

Why this bonus is better than others?

The fact you don’t have to risk the bonus bet on one future wager is a nice perk. Chopping them up into five smaller bonus bets allows new players to spread their insurance funds around on different markets.

bet365 IA Welcome Offer 🟢

Sign up using bet365 bonus code SBRBONUS, make a deposit of $10 or more, and place a wager of at least $5 on any available sports market. Keep in mind that your final wager must have at least one selection with odds of -500 or longer. Once that is settled — win or lose — $150 in bonus bets will be added to your account. Customers must claim the bonus bets within seven days of registering for an account.

• Minimum deposit of $10 or more.
• Ensure your first $5 bet meets the odds requirements.
• Collect $150 in bonus bets, win or lose.
• Bet credits will expire if your account is inactive for more than 90 days.

Alternatively, you can nab the sportsbook's other welcome offer instead — a $1,000 First Bet Safety Net. Just keep in mind that you can only claim one sign-up bonus with bet365.

• Deposit $10 or more within seven days of claiming the offer.
• Redeem the reward within seven days of registration.
• Make your first wager of any amount on any sports market.
• Should your wager lose, you'll get your stake back, up to $1,000, in bonus bets.
• The bonus bets will arrive in your account within one hour of your qualifying wager settling.

What’s the promo mean for you?

This bet365 welcome promo is pretty simple. All you have to do is make a small bet of $5, meet certain odds requirements, and you'll earn $150 in bonus bet credits. Talk about getting great bang for your buck — literally.

How much money can be earned with the promo?

It all depends on how your picks do. The $150 in bonus bets cannot be cashed out, so you must use it to make additional wagers. If those bets win, you can cash out the profit immediately. Remember that the bonus bet stake amount will not be included in any winnings.

Why this bonus is better than others?

This bonus is better than others because it comes with an ultra-low risk. You only have to bet $5 of your own money to earn these credits. After that, you can be as aggressive or conservative as you like with your bonus bet picks. Whatever you do, it's a great way to get familiar with bet365's site without risking much of your own bankroll at the start.

How we rate and review sports betting promotions

Our editorial team independently reviews and rates each Iowa online sportsbook and sports betting app for quality, safety, and user experience. Our team of experts applies the same rigorous evaluation when critiquing the sports betting promotions operators offer new and veteran players. We want everyone to do their due diligence and make an educated decision before signing up with a new online sportsbook, and the quality of the sites’ and apps’ promotions is a big part of the puzzle. Some areas we concentrate our attention on are:

• The sign-up offers' minimum and maximum value.
• Whether the welcome promo is guaranteed or if another action must be performed, such as a minimum deposit or minimum first bet amount.
• Whether the operator is offering a deposit match bonus, bonus bets, or first bet insurance.
• Whether a promo code is required at the time of deposit.
• Details on playthrough requirements and terms and conditions of the sign-up offer or what needs to occur before payout.
• How quickly the expiration date is on the bonus funds or bonus bets.

Types of Iowa betting sign-up offers and bonuses

Like every other state where sports betting is legal, Iowa’s three most common sign-up bonuses are deposit matches, bonus bets and first bet insurance. Before you sign-up with any online sportsbook or sports betting app, be sure you understand how these welcome bonuses work so you aren’t surprised by terms and conditions.

Deposit match bonus

The deposit match bonus is considered one of the most appealing sign-up offers as new players can earn bonus bet money regardless of whether their first bet wins, loses, or even if they bet at all.

For instance, a 100% deposit match up to $500 would entitle a new player who deposits $500 to receive a $500 bonus, resulting in $1,000 in available funds in their account wallet. Similarly, a 50% deposit match up to $1,000 would translate to a $2,000 deposit earning $1,000 bonus funds, giving players $3,000 to start with.

Although the deposit match bonus is one of the most satisfying sign-up bonuses, it's becoming harder to find as more operators enter the market.

Bonus bets

Some of the industry leaders prefer bonus bet promotions over deposit matches and first bet insurance. In such cases, new players are required to make a minimum deposit, usually around $10, and in most instances, make a small first wager to activate the bonus bet funds.

Occasionally, these bonus bets will be divided into increments, such as eight (8) $25 bets on a $200 bonus bet promotion, or the entire value of the bonus bets can be utilized on a single future wager. For instance, if a sportsbook provided a bonus bet promotion of $150, the new player might first need to deposit $10 and place a $5 first-time wager. Once that initial bet clears, the $150 would be credited to their account, and they could then risk the $150 on any future bet.

Keep in mind that terms and conditions, in addition to playthrough requirements, may apply before requesting a payout.

First bet insurance

The most common welcome bonus in Iowa is some version of first bet insurance though it may also be referred to as a no-sweat first bet. Unlike other sign-up offers, first bet insurance is not guaranteed to increase your bankroll or guarantee you extra funds. In fact, in order for new players to see any welcome bonus monies from first bet insurance, the first wager must be ruled a loser.

For example, Caesars frequently offers a first bet insurance promo valued at up to $1,000. That means new players can be really aggressive with their first bet since Caesars will credit their account with up to $1,000 if they lose. This is an incredible safety net that does possess solid value. If your first bet wins, your bankroll grows, but your welcome bonus opportunity expires.

Referral bonus

Most sportsbooks keep the promotions going, even after you've claimed a welcome bonus. A referral bonus can be earned by sharing a download link, which the sportsbook will provide, with a friend. If your friend uses that link to register an account and make a real-money deposit, you'll earn a bonus. Check out our list of the best sportsbook referral bonuses for more information.

Iowa online sportsbooks

The Hawkeye State wasted no time in legalizing sports betting after the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in May 2018. By the next spring, legislation passed the Iowa House and Senate, the following month, the governor signed the bill into law, and by August 2019 both retail and online sports betting had launched.

As of mid-2023, 17 online sportsbooks and sports betting apps are available to players. However, and this is staggering, Iowa law states that more than 50 sports betting sites and apps are eligible for licenses. Operators of online sportsbooks need to keep their products fresh and welcome bonus promotions attractive to keep players coming back.

Iowa online and mobile sportsbooks

Latest Iowa sports betting news

Iowa sports teams to bet on

Iowa State Cyclones represent Iowa State University and field teams across many different sports, although betting on the Cyclones is usually limited to NCAA football and men’s basketball. College betting is allowed in Iowa, even on in-state teams like the Cyclones, with the exclusion of player props.

University of Iowa Hawkeyes 🎓

The state's other major college athletic program belongs to the University of Iowa Hawkeyes. The program is arguably best known for its stellar wrestling program with 37 Big Ten Conference championships. Still, it also boasts dozens of Conference titles in basketball (11), baseball (9), football (11), gymnastics (8), and a handful of other sports.

Vikings, Chiefs, Bears, Packers 🏈

Regarding the NFL, Iowa football fans also tend to split their loyalties between a handful of nearby teams; the Vikings to the North, the Packers off to the Northeast, the Westernly-located Bears, or the Chiefs directly South. Bettors in Iowa have access to the full NFL betting market on any of the licensed sportsbooks in the state.

Twins, Brewers, Cubs, White Sox, Cardinals, and Royals ⚾

Depending on where you live in Iowa, you might be geographically closest to any number of Midwest MLB teams. The baseball fandom in IA is pretty spread among these clubs, with summer road trips to stadiums in neighboring states a popular hobby. Or wait for the MLB Field of Dreams game to come around, played in a cornfield in Dyersville, Iowa.

Iowa betting resources

• Everything you need to know about Iowa sports betting.
• Where to find the best sportsbooks promos.
• Who we rank as the best sportsbooks to play on.

Before you wade too deeply into Iowa’s sports betting promotions, check out our other resource guides for the Hawkeye State. Our experts have researched and produced reviews of the best online sportsbooks in the state, a more in-depth look into how sports betting bonuses work in general and a closer look at why Caesars Sportsbook is the best sports betting app in Iowa.

Sports betting by category

It doesn't matter what sport or league is your favorite; there's a great sportsbook bonus waiting for you at any number of legal and licensed sportsbooks in your state. Here's a list of the best sportsbooks by category, to make your decisions even easier:

For the most current legal information on sports betting in every single U.S. state, visit our legal sports betting state tracker page. 

Responsible sports betting with Iowa promos

The oversight of legal sports betting falls under the purview of the Iowa Racing and Gaming Commission (IRGC), which serves as the governing body. The IRGC's responsibilities encompass reviewing applications, granting licenses, conducting routine audits, upholding laws, and levying fines as appropriate. With a mission to safeguard the integrity of licensees and the interests of the sports betting public, the IRGC remains committed to fulfilling its duties.

In addition to responsibilities to the betting public, it also helps facilitate initiatives to curb problem gambling and encourage responsible sports betting within the state. Portions of tax revenues gathered from sports betting are earmarked for various prevention and treatment programs and other resources to help those with problem gambling.

In conjunction with the Iowa Department for Health and Human Services, the IRGC offers a wide range of resources to help individuals and family members take back control of their gambling habits. These include:

• Self-exclusion programs
• 1-800-BETSOFF hotline available 24/7
• Outpatient counseling
• Financial tools
• Workbooks

Additionally, the online sportsbook operators have added options within each account to set monthly budgets and time limits on gaming sessions.

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

Sportsbook promos and bonuses in other regions

U.S. states with legal sportsbook promos and bonuses

Sportsbook promos and bonuses in international regions

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