In recent years, more and more states have legalized sports betting and began enjoying the benefits of a fast-growing industry, and that includes Indiana.
In the Hoosier State, wagering has been live since October 2019 and only continues to expand. In September 2020, Indiana went over $200 million in sports betting handle for the first time, leading directly to $1.4 million in tax revenue for the state.
One of the reasons that Indiana has been such a huge hit in the industry is its inclusion of online sports betting. This is a state where over 80% of all sports bets in Indiana are placed via a mobile device, which allows for far more action than we'd see if bettors had to report to brick-and-mortar casinos in order to wager.
Not only does Indiana online sports betting mean that those located inside the Hoosier State can wager from a location of their choice, but it also means that bettors can take advantage of the generous bonuses that these online sportsbooks are offering.
There are several different types of Indiana sports betting bonuses that can be claimed. Whether it is a no-deposit bonus, a deposit match, or a risk-bonus bet, each one is a generous gift that new players can be excited to recessive when signing up for a site.
Indiana Sports Betting Bonus Codes
Bettors in Indiana should always have their eyes peeled for bonus codes because this is how to get the most for your investment while creating a sportsbook account.
Each site offers some kind of welcome bonus to new players and in some cases, a bonus code is required during signup. The code itself is a random assortment of letters and numbers that can be entered during the registration process, triggering the bonus that is offered by that site.
IN Sports Betting Promo Codes
There may be occasions where a site uses the term "promo code" rather than "bonus code" when advertising how to receive a bonus. Keep in mind that the two terms mean the same thing, and there is only one code that needs to be entered.
It should be noted that while Indiana bonus codes and promo codes are quite popular, not every site requires them. Bonuses are also handed out via links to a registration page that will trigger the bonus on its own once completed.
In many cases, the link will say "Get Bonus" or something similar next to the sportsbook of your choosing. There is only one code or link needed during signup to claim the bonus.
Indiana Sportsbook No-Deposit Bonus
Some welcome offers stipulate that you must invest to claim them but this is not one of them, which is what makes Indiana sportsbook no-deposit bonuses a fan favorite.
As the name suggests, no-deposit bonuses are a welcome gift awarded in site credit and do not require you to make a deposit. If offered, it is usually awarded for simply creating an account.
For example, DraftKings Sportsbook has a $25 no-deposit bonus as part of its welcome offer. This part of the offer is awarded after the registration process and does not need a deposit to be triggered.
Are No-Deposit Bonuses Free Money for Sports Betting?
Yes, no-deposit bonuses are essentially free money because site credit can fund your wagers without you having to invest your own cash. At the very least, no-deposit bonuses are the closest thing to free money that you will find.
There are usually some conditions attached such as wagering requirements, which we will get into below. Another thing to note is that site credit is not returned to the bettor following a wager, as only winnings will appear in your sportsbook account.
Indiana Sports Betting Risk-Free Bet
Risk-bonus bets are growing in popularity and are exactly what they sound like: wagers that minimize risk for the bettor. Sites that have a risk-bonus bet are offering new players a refund in site credit up to a certain amount in the event your very first wager on the sportsbook loses.
How Does a Risk-Free Bet Work in Indiana?
An Indiana Sportsbook risk-bonus bet is quite easy to claim. After making sure the site you're about to use offers a risk-bonus bet, all you need to do is open a new account and make your deposit to trigger the bonus. From there, your very first wager will be eligible for the risk-bonus bet.
For example, FanDuel offers a risk-bonus bet up to $1,000 as its welcome bonus. This means that after signing up for FanDuel, your first bet will be refunded in site credit if it loses, up to $1,000.
Indiana Sportsbook Deposit Bonus
Deposit bonuses are extremely common and tend to be the most generous of all welcome gifts. Following the registration process, the bonus is triggered when you make your initial investment into your new account.
Some sportsbooks match the deposit part of the way, while others will offer a 100 percent deposit match in site credit to new players.
In the state of Indiana, BetMGM offers a massive deposit bonus of up to $500 and matches it the entire way in site credit. This means that with a $500 investment, you could have $1,000 of currency eligible on the site.
Are IN Sportsbook Deposit Bonuses Worth It?
Indiana sportsbook deposit bonuses are worth claiming because this the way to claim the most sportsbook currency possible for funding your wagers. Because the sportsbook is virtually offering a certain amount of money in bonus bets, this could be a way to get ahead of the game right off the bat.
Just be sure to read the bonus terms and conditions so you know what you need to do before withdrawing winnings, such as clear wagering requirements.
IN Sportsbook Signup Bonus - How Does It Work?
Opening a sports betting account is the first thing you'll need to do if you want to claim a signup bonus. This process only takes a few seconds and requires you to provide some basic information including:
- Full Name
- Email Address
- Date Of Birth
- Social Security Number (last four digits)
- Phone Number
- Deposit Method/Banking Information
Hoosier State residents will be happy to learn that Indiana online sportsbooks use the most advanced technologies such as SSL encryption and state-of-the-art firewalls to protect all personal information.
IN Sportsbook Wagering Requirements
As they do in all states, Indiana sports betting first deposit bonuses do come with a potential wagering requirement, which refers to the amount of money in wagers that must be placed in order to unlock funds for withdrawal.
Sportsbooks have different ways of awarding the first deposit bonus and enforcing the wagering requirement, and the method varies from site to site, which we’ll get into more below. For these reasons, be sure to check the terms and conditions for the site you are signing up for.
EXAMPLE 1: At some online sportsbooks, the site credit awarded to a new player from a first deposit bonus is the first bit of currency used when wagers are placed, before the money you deposited. In these cases, all funds become eligible for withdrawal once the wagering requirement is met.
Keep in mind that when wagers are placed with site credit, winnings will be returned to your account but the original wager amount will not.
EXAMPLE 2: Other sportsbooks choose to go a different route and use the player’s deposited funds as the initial currency when wagers are first placed. In these cases, the wagering requirement must be met for the bonus money to be eligible for withdrawal.
If deposited funds are lost before the wagering requirement is met, bonus money immediately becomes eligible for withdrawal.
Other IN Sportsbook Bonuses
In addition to no-deposit bonuses, first-deposit bonuses, and risk-bonus bets, there are additional rewards offered by sports betting sites in Indiana. Free bets and reload bonuses are also quite common, and both are very much worth obtaining.
IN Sportsbook Free Bets
Free bets are an added bonus offered by Indiana Sportsbooks to their players, both new and existing, for a variety of reasons. This can also be referred to as site credit depending on the site, and the two are virtually the same.
The one difference is that if bonus bets are awarded in site credit, they can likely be broken up into several wagers. But on some sites such as DraftKings, bonus bets must be wagered in their entirety at one time.
Free bets might be awarded as part of a welcome bonus, or they could be the reward for completing a specific mission on the site. On the off chance you encounter a technical problem or deal with a site-caused issue, the operator may also smooth thins over with bonus bets or site credit.
Sometimes, operators just reward their players with bonus bets to use for no reason at all. Most times, this will be prior to a big sporting event just to keep folks invested in the action and the site.
Indiana Sportsbook Betting Reload Bonuses
While first-deposit bonuses are only offered to new customers, reload bonuses deposit matches that can be claimed by returning players.
This gives customers an incentive to return and make additional deposits because they will receive additional funds to wager with. Having access to reload bonuses can go a long way toward increasing a sports bettor's potential profits.