Indiana Sports Betting Promo Codes for New & Returning Bettors

More than a dozen sportsbooks are available for Indiana bettors, which means there are plenty of sports betting bonuses on offer. All you need to do is enter the exclusive IN sportsbook promo code or follow our links to begin enjoying the best of sports betting in Hoosier State.

Anyone 21 years or older is eligible to use Indiana betting promo codes. You don’t necessarily have to be a resident in the state. As long as you’re within the state’s confines, you’ll be able to access it.

Bonuses are a terrific way to boost your bankroll and get more value from your bets. Betting on the Indiana Pacers or Indianapolis Colts with a free bet credit is much more exciting than using your own money. Because bonuses are so great, there are hardly any licensed online sportsbooks that don’t have one.

We’ll be compiling all the Indiana sportsbook promos available right now for new players and existing customers. We’ve also highlighted our top picks and our exclusive bonus codes for activating them.

Overall 5 Best Indiana Sportsbook Promo Codes in June 2023

Honestly, there are many great sportsbooks in Indiana, so it stands to reason that there are stellar sports betting offers too.

A major criterion when we choose our top legal Indiana betting sites is precisely the bonuses and sports betting promo codes they offer, how generous the amounts are, what they offer players, the wagering terms, and how easy it is to claim them. Most operators provide generous incentives for joining up and have even more promos for existing promos.

We’re talking about everything from deposit match bonuses to no deposit bonuses, free bets, risk free bets, etc. Use the banners above to get started immediately, or continue for more info on IN betting bonuses.

Is Sports Betting Legal in Indiana?

The Hoosier State was among the first wave of states to legalize sports betting. Gov. Eric Holcomb signed HB 1015 into law in May 2019, which provided for both retail and online sports betting. By September 2019, the first retail books opened up, with online sportsbook apps launching the following month.

It was a rather quick turnaround, and Hoosiers quickly showed their love for sports betting, amassing a handle of approximately $1 billion in the first year and over $5 billion through to 2023.

Each of these online operators has launched with a retail casino partner as is stipulated by state law. Fortunately, there’s no in-person registration required. You can sign up online from anywhere within the state and begin betting on the most popular sports events or the best local events, which Indiana bettors are lucky to have a busy schedule of.

There are several more that could launch this year. We’ve seen a new book enter the Indiana market every few months, so the trend could continue. This means that Hoosiers have lots of choice regarding Indiana sports betting sites to play. Bonuses are standard at each of these apps so there are just as many options if you’re hunting for the best IN sportsbook promo codes.

Which Betting Sites & Promo Codes Are Legal in Indiana?

A total of 14 mobile sports betting apps have launched in Indiana since the sports betting market went live. The latest entries are Hard Rock and MaximBet. However, with MaximBet shutting down soon after its launch in the state, there are currently 13 active online sportsbooks accepting Hoosiers. These operators are all regulated by the Indiana Gaming Commission, so they meet the highest safety and security standards.

MaximBet launched on Sept. 30th, 2022, and ceased operations on Dec. 15th, 2022, due to mounting costs.

Top Sportsbook Bonuses for New Players in Indiana

From the lot, we selected just five operators based on the promo codes they provide new players who sign-up and make a first deposit.

BetRivers Sportsbook IN

Rush Street Interactive’s BetRivers sportsbook was the first to launch on Oct. 3rd, 2019. The sportsbook had already opened its retail sportsbook the month before at French Lick Casino, which would also become its retail partner for its online offering.

The sportsbook brings to the Hoosier State a stellar online sports wagering experience and a user-friendly app that’s great for beginners. Also, for first-time players at this site is a second chance bet up to $500. This offer gives you another shot at winning if your first wager falls through. You can claim it using the BetRivers IN promo code SPORTS.

There’s a steady flow of promos for regular customers too, including SGP Bet and Get offers for the NBA, and NHL, as well as challenges and contests for major league and college sports events. When March Madness or the NFL season are in full swing, there are many ongoing offers including parlay insurance, match bonus bets, and more.

DraftKings Sportsbook IN

Like BetRivers, DraftKings also went live on the Indiana online betting market opening day, Oct. 3rd. DraftKings needs no introduction as its popularity within the US online sports betting market speaks for itself. This operator is available in nearly two dozen states, basically everywhere that online sportsbooks are legal.

DraftKings Indiana was one of the earlier launches made possible thanks to a partnership with Ameristar Casino East Chicago. The best part of playing at DraftKings, besides the massive range of sports and daily fantasy sports markets, is the sports betting bonuses on offer. New players get a combined bonus of up to $1150 at the start. This includes the standard $1000 deposit match and $50 in bonus bets. The deposit bonus offers a 20% match with a 25x wagering requirement. Fortunately, you have 90 days to fulfill it.

Later on, players can take advantage of parlay boosts, profit boosts, and daily free-to-play pools with leaderboards, rankings, and large guaranteed prizes, among other promos.

FanDuel Sportsbook IN

Another big name in online sports betting, FanDuel is an excellent sportsbook for a wide range of sports events, fantasy sports, and horse racing. FanDuel sportsbook is on top of all things sports in the US, and when it launched in the Hoosier State on Oct. 22nd, 2019, it also brought along some of the best Indiana sports betting bonuses.

By signing up for the mobile sports betting apps for Android and iOS, Hoosiers can enjoy a no-sweat first bet up to $1,000. This is a risk free bet that allows you to recover your losses back in bonus bets, and it’s a 100% refund offer, making it one of the most generous in the Indiana sports betting industry. FanDuel Indiana comes back around with parlay insurance, same game parlays, and a referral bonus.

FanDuel partnered with Boyd Gaming to enter the Indiana sports betting market. As such, they’ve opened retail locations in both Boyd properties in-state, Blue Chip Casino and Belterra Casino.

BetMGM Sportsbook IN

BetMGM Indiana was the first new app to launch in 2020 through a licensing agreement with Belterra Casino. This sportsbook is packed with betting options you’ll want to wager on, notably a huge selection of prop bets and great cash out solutions. New players are treated to a $1,000 first bet offer, where you get paid back in bonus bets if your first bet loses. For initial wagers under $50, you receive a single bonus bet of equal value. On the other hand, players who make larger wagers will receive their bonus free bets in installments.

This sportsbook gets even more generous for those who stick around. Live bonus bets, one game parlays, referral bonuses, and BetMGM Rewards loyalty program are available. Several offers are rotated regularly, so you’ll want to take advantage as soon as you see them. Use our exclusive BetMGM IN bonus code GAMBLEUSA to get started with your own new player bonus.

PointsBet Sportsbook IN

The famous points betting wagering style allows bettors to win or lose increasingly depending on how close their spread or totals prediction is to the actual outcome. In other words, you win (or lose) based on how right or wrong you are.

PointsBet sportsbook came to Indiana in March 2020 as the state’s fifth sports betting operator. It boasts a great-looking app and a welcome bonus of up to $250 in free bets with PointsBet second chance. This unique offer is spread across 5 days. Place your first fixed odds wager every day, and you can get up to $50 back in free bets if it loses. This is a great offer not just for its monetary worth but also for its gamified nature.

PointsBet doesn’t particularly have the most numerous existing player offers, but the ones they’ve got are very rewarding. Existing players can enjoy enhanced spread lines which, combined with the points betting feature, make finding value easier. SGP cash outs and partial cashouts are also available.

Sportsbook Bonus Types for New Indiana Players

We’ve seen that Indiana sportsbooks have lots of bonuses for welcoming new players. After reading through the bonus terms, you could join in immediately and take advantage of them.

Nonetheless, it’s always good to go in as prepared as possible. Bonuses can bump up your bankroll and give you more chances to turn action into payouts, but that’s only if you use them well. We’ll provide greater insight into the most common bonuses and how they work.

Risk Free Bets

The greater number of Indiana betting bonuses are risk free bets. A risk free bet is a conditional offer that only activates when your first wager loses. So you have to sign up, make the minimum deposit, and place a qualifying wager. If your wager is successful, you carry on without a bonus. On the other hand, if your bet fails, you’ll receive free bet credits, usually of the same value as your losing bet.

That’s what PointsBet, BetMGM, and FanDuel all offer, and it is often referred to as a second chance bet. The free bets you receive are not withdrawable. You can use them to wager further, and you keep what you win.

Free Bets

Free bets are a unique kind of sportsbook bonus that is massively popular among operators and bettors alike. A free bet is site credit offered by the sportsbook to allow you wager for free. You don’t actually get to keep the free bet amount. You can only keep whatever winnings you make from them. In this way, they are different from a regular deposit bonus. Depending on the sportsbook, you can get free bets on a deposit (usually a $10 or $5 minimum deposit) or after making a qualifying wager.

It’s different from the risk free bet, because you can receive it whether or not your bet loses. In our opinion, this makes it more reliable. Free bets are sometimes advertised as a ‘bet & get’ offer like at WynnBet – bet $100 and get a $100 bet credit.

Free Bets No Deposit

Free bets no deposit are just as they sound. These are free bets that you get without having to make a deposit at the site. They are one of the rarer online sportsbook bonuses because of how valuable they are for players and how equally expensive they are for operators. They are generally offered as a sign-up bonus.

With regular no deposit bonus money, sportsbooks can ensure they profit by imposing high wagering requirements. However, the concept of free bets is such that you only use the house credits to wager once and keep the winnings. So no deposit free bets would be no deposit no wager bonuses. That said, they may have very short validity periods, so should you come across this offer, you’ll want to use it as soon as possible.

Deposit Bonus

The deposit match offer is a popular gambling bonus on online casinos and sports betting sites. It’s a bonus on your deposit at the online sportsbook. It usually applies to the first deposit but may extend to a few subsequent ones, and there’s a percentage match indicated alongside the offer, usually 100%, but it can be less or more.

An example is the 20% deposit bonus up to $1,000 on DraftKings. This means a $100 deposit will get you $20 bonus money, and a $500 deposit will award you $100 in bonuses. To get the maximum reward, you’ll need to deposit $5,000.

Deposit bonuses usually have strict terms, so check the wagering requirement and other conditions before you claim them.

Insurance or Cashback Bonus

A cashback bonus is a refund on all or part of your wager on a losing bet. It’s a lot more common at online casinos than for sports betting. That said, sportsbooks approach this offer by advertising a specific betting option and offering a refund if your bet fails.

For context, the sportsbook may offer cashback on the prop market ‘who will score the first touchdown.’ If your bet loses, you’ll get cashback on your wager up to the indicated percentage.

Indiana Sports Betting Promo Codes for Existing Players Explained

Indiana sports betting sites want sports bettors to stick around longer than just the first bet. So there are often lots of bonuses and promotions for existing players also. Operators get even more creative with these offers, and you’ll find everything from free bet credits to odds boosts and bonuses for inviting your friends to join in.

Here’s a bit more context on the major ones:

Odds Boosts

Winning in sports betting is all about finding value in the odds offered by the book. Shopping around for the best odds is what pro bettors do. It’s also a standard tip on the best ‘how to win’ betting guides.

A sportsbook offering boosted odds simplifies all that for you. For instance, where a team would be priced at +200, you could find the odds enhanced to +300. This means a $100 bet would net you $300 instead of $200. A sportsbook may decide to offer odds boosts on special events. Also, operators partnered with a sports team will often offer enhanced odds for matchups involving that team.

Note that the odds may be enhanced for a particular market alone, usually moneyline or spread, and there’ll be a limit to the amount you can bet.

Bet Insurance

Cashback is another bonus that lets you mitigate your losses. Parlay Insurance is a typical example of how this kind of bonus is made available at online sportsbooks. Parlays are risky bets since you have multiple selections in a single ticket.

A Parlay Insurance bonus will allow you to get a refund in bonus bets if one leg of your wager loses. This kind of bonus is commonly used to provide value for bettors during highly anticipated tournaments or sports events. Other sportsbooks might refer to it differently, as we’ve seen with the DraftKings lossback bonus.

Reload Bonuses

This is a deposit match bonus for existing players, and it works just like the new player kind. While the welcome deposit bonus is to get you to create an online sportsbook account, this one aims to keep you depositing and wagering at the site. The reload bonus often involves a smaller percentage match than the welcome deposit bonus.

Free Bets for Existing Players

Once again, free bets for existing players are like those for new players. You receive a free chance to bet after making a qualifying wager. These free bets are usually given to promote special events and urge players to bet on them. For instance, during the peak NFL season, sportsbooks often provide free bets playable only on NFL matches. You can view dedicated guides based on the sport that interests you on our site – the most popular being our Football betting promo codes, UFC betting bonuses, and NBA sportsbook promos.

VIP and Loyalty Schemes

A VIP or loyalty program is the sportsbook’s greatest way of rewarding loyal bettors. It is usually designed as a tiered or level-based program where you advance in rank the more you bet. And all sorts of rewards are offered, from free bets to bonus money and even none site credit perks like dedicated account managers.

These programs are the most detailed and long-lasting out of all Indiana sportsbook promos. They’re not time-limited like most others, and they don’t require a sportsbook promo code. These rewards programs are often available for all players automatically on registration. Some of the Indiana sportsbook sites with quality loyalty programs are:

• BetMGM sportsbook – MGM Rewards
• Caesars sportsbook – Caesars Rewards
• BetRivers sportsbook – iRush Rewards
• Bally Bet – Bally Rewards

Referral Bonuses

Also called the refer-a-friend bonus, this special deal rewards you for inviting your friends and family to join the sportsbook. When your friend registers, makes a deposit, and wagers according to the operator’s qualifying requirements, both you and your friend will receive a bonus.

BetMGM is currently offering $50 bonus bets per friend, and you can invite multiple friends. FanDuel offers up to $100 per referral.

Reddit betting threads are a great place to find acquaintances who are betting enthusiasts like you. The platform has a bustling gambling community where you can find friends to refer or become a referral yourself.

How to Redeem Indiana Sportsbook Promo Codes

Promo codes are a great way to find the best Indiana sportsbook bonuses. Promo codes not only indicate the existence of a bonus deal, but they also enable you to take advantage of the offer.

You must redeem these promo codes at the relevant online sports betting platforms to activate the bonus. Here’s a step-by-step guide on how to redeem your Indiana sportsbook promo code and claim your bonus.

For new players:  

1. Select your preferred bonus from our list at the start of this page and click the relevant bonus code link.
2. You’ll be redirected to the main sportsbook page where you can register.
3. Fill in the required information – name, email, username, age, address, last for SSN digits, etc.
4. Enter the promo code in the field provided during sign-up. Otherwise, you’ll have to indicate it when making a deposit.
5. Verify your email and confirm your identity as requested.
6. Make your initial deposit and place an initial qualifying wager.
7. Receive your bonus and use it as indicated in the terms and conditions.
8. Get a payout on your winnings.

For existing players:

1. Sign up using your account credentials.
2. Head to the promotions page to select the bonus you want to claim. You can also find the offers you’re eligible for via the bonus tab under your profile.
3. Deposit and place a qualifying wager. You should find a field to enter any relevant promo code while making a deposit.
4. Follow steps 7 and 8 above.

Not all Indiana sportsbook bonuses come with a bonus code, though. In fact, many Indiana sports betting platforms do not require one. Where there is no bonus code, you can claim the offer automatically. The process is the same as the above, except you don’t have to worry about entering any codes.

Sportsbook Bonuses Rules

Bonuses at Indiana sportsbooks can really make your experience more worthwhile. These offers either provide extra credit to fund your wagers like free bets or simply add greater value to your efforts like odds boosts. At the same time, they always come with caveats and restrictions. However, these aren’t necessarily a bad thing and don’t have to detract from the value as long as you make a point to understand the bonus rules beforehand.

The number one bonus condition is the wagering requirement. The idea of the wagering requirement is that you can’t withdraw a bonus directly. Instead, you have to bet a certain amount of money before doing so.

Taking the DraftKings welcome bonus, for example, there’s a 25x wagering requirement on the offer. This means if you receive a $100 bonus, you must wager (25 x $100) $2500 before withdrawing your winnings.

Deposit matches tend to have higher wagering requirements, and this DK bonus is on the higher side. They’ve offset this drawback by offering an additional bonus credit offer on top and going easy on other terms and conditions.

Regarding other terms and conditions, Indiana sportsbook bonuses have minimum odds requirements, qualifying markets, minimum/maximum bet amounts, and time limits. It’s important to read the fine print to ensure you get the low-down on all bonus rules before you dive in.

Best Indiana Sports and Teams to Bet On

The Hoosier state is big on sports betting, which is why they wasted no time regulating the activity and opening up the market. A lot of the love for the game stems from the fact that there are several pro Indiana sports teams. The top sports teams based in Indiana are:

• Indianapolis Colts

The Colts are Indiana’s very own pro NFL team playing in the league’s American Football Conference South Division. They are winners of the Super Bowl XLI and home squad to some of the NFL’s biggest Hall of Famers like Payton Manning and Marvin Harrison.

The next time the Colts are on the pitch, you should take advantage of your Indiana sportsbook promo code to place bets in favor. With a free bet, you won’t risk any of your own money, just the sportsbook credits, and you keep what you win.

• Indiana Pacers

Basketball lovers have the benefit of betting on the local pro basketball team Indiana Pacers. The squad has birthed Hall of Famers Reggie Miller and Chris Mullin, among others, and reached the NBA finals in 2000.

You can use BetMGM sportsbook Indiana promo codes to get the best offers whenever the Pacers take to the court. BetMGM, like Caesars and FanDuel are partners of the NBA, so you can accept exclusive deals on the most anticipated matches.

On the college side, inside is home to several squads you can bet on for March Madness. They are:

• Indiana Hoosiers basketball
• Purdue Boilermakers basketball
• Notre Dame Fighting Irish football

Summary

The tradition of offering new players bonuses is one of the reasons why sports bettors love placing wagers on their favorite events rather than just being spectators. Indiana sports betting promos cover all the popular kinds bettors know and love, plus several exclusive ones too. Some offers require promo codes to activate them, while others trigger automatically after registering and placing your initial bet.

Bonuses will generally make your experience more worthwhile, but you should always read the fine print to know the wagering requirement and other conditions for claiming. Understanding the bonus terms and conditions is a necessary strategy when selecting the perfect bonus for you.

FAQ’s