Best Indiana Sports Betting Bonuses for 2022

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If you’re looking to bet on your favorite Indiana sports teams, you’re in luck. Since September 2019, sports betting has been fully legal in the state of Indiana, both online and at any of the physical sportsbooks located across the Hoosier State. As long as you are physically located in the state of Indiana, you can wager on professional and collegiate sports without limits.

Since sports betting in Indiana was legalized, some of America’s biggest sportsbook brands have been quick to move in. Competition has heated up, with the likes of BetMGM, Caesars, and DraftKings working overtime to attract the attention of sports fans in Indiana and encourage them to sign-up.

One of the main ways that these brands attempt to attract customers is with Indiana sports betting bonuses, which offer new customers a ton of freebies in exchange for their custom. This means that you can sign-up today to take advantage of free bets, cashback schemes, enhanced odds, VIP programs, and more. If you’re a truly savvy sports bettor, you can even shop around and collect multiple Indiana sportsbook promos, so that you can stretch your bankroll out as far as possible.

If you’re wondering where the most generous Indiana sports betting bonuses are, we have got you covered. At indiana-gambling.com, our sportsbook experts have compiled a complete guide to Indiana sports betting promos, just for you. Read on to find out everything you need to know. 

Indiana Bonuses and Promos

*On Any NFL Pre-Game Moneyline If Your Team Wins

Wagering Requirements

Before you start signing up for Indiana sports betting bonuses, it is crucial that you read the small print. A sports betting bonus might seem generous on paper, but the terms and conditions might suggest otherwise. One of the most widely-applied conditions to Indiana sportsbook promos is known as a wagering requirement.

Essentially, this stipulates how much of your own money you need to spend before you can redeem any winnings that you might have gotten from a bonus. Let’s walk through an example. Let’s say you are shopping around for Indiana sports betting bonuses and find one that offers a $10 free bet.

Now let’s say you scroll down to the terms and conditions and see that the bonus has a 5x wagering requirement attached to it. This means that, if your $10 free bet pays off and you win $100, you cannot immediately withdraw those winnings.

First, you must deposit and wager five times the amount of the initial bonus, or $50, before you can withdraw your $100 prize. Most Indiana sportsbooks have wagering requirements attached, so it is important to check to see whether the wagering requirement is so high that it makes the bonus less enticing.

At indiana-gambling.com, we strive to find you the bonuses with the most attactive, straightforward terms and conditions possible. 

Welcome Bonuses and Promos

There are tons of Indiana sportsbook bonuses out there, some of which are more worthwhile than others. All of them have their perks, and it often depends on what you are looking for from a sportsbook. These are the most common types of Indiana sports betting promos that you can expect to find in 2022: 

No Deposit Bonuses

A no deposit bonus is any bonus that is awarded to the account holder that does not first require them to deposit their own money. For example, a deposit-free bonus of $20 would entitle you to $20 of betting credit, without you needing to put any money of your own into your account. All you need to do is sign-up and play. 

First Deposit Match

These are welcome bonuses that do require you to make a deposit. This is because the sportsbook will “match” that deposit with some credit of their own, which you can wager how you see fit. Because of this requirement, first-deposit match bonuses are usually worth a lot more than no-deposit bonuses. For example, a typical first-deposit match might offer a 100% bonus up to $1000. This means that you can deposit up to $1000 into your sportsbook account and expect the sportsbook to match it, cent for cent. 

Free Bets

Simple, straightforward, and no fuss. A free bet is exactly what it sounds like. When you claim this bonus, you will instantly get one free wager worth a certain amount, usually between $5 and $20. Importantly, there are usually restrictions on how you can use your free bet. For example, a free bet might only be permitted to be used on a high-profile event such as the Super Bowl, as part of a dedicated seasonal promotion. 

Risk-Free Bets

These bets require you to spend your own money, but without any of the risk of doing so. With risk-free bet bonuses, you will receive up to 100% of your wager back if you lose the bet, while the winnings are yours to keep. For example, a risk-free bet of $10 means that, when you spend $10 on an NBA futures bet, you will definitely get that $10 back if the bet doesn’t win. What do you have to lose?

Odds Boosters 

The odds are the most important element of any sports wager. Odds are set by the sportsbook and will be designed to encourage you to bet on the underdog that has a smaller chance of winning. With an odds booster bonus, you will unlock access to more favorable odds on specific markets, meaning that your potential payouts on higher-probability wagers will be much higher than usual. 

Ongoing Bonuses and Promos

Indiana sportsbook bonuses are not only designed to benefit new players. The best ones are also aimed at retaining existing customers and rewarding them for their loyalty. When choosing Indiana sports betting promos, it is important to select a sportsbook that not only entices new players, but also works hard to keep existing account holders happy. These are the most common types of ongoing bonuses and promos available to Indiana bettors. 

Parlay Insurance

A parlay bet is a multi-stage wager on successive outcomes. For example, a parlay bet would be one that only pays out if your predictions on three successive MLB games is correct. While the odds are longer, the payouts can be massive.

Parlay insurance bonuses reduce some of this risk by offering a partial or full refund on your wager if the parlay fails by one leg. For example, if your five-game parlay bet is only correct on four games, your insurance would give you a refund on the wager. 

Early Payout Bonuses

Also known as a cash out bonus, early payouts allow you to settle your bet before the game in question has finished. You can do this to either cut your losses or shore up your winnings. For example, if you have wagered on the Super Bowl and your team is up, but it’s getting too close for comfort, you can hit the Early Payout button to close the bet and collect your winnings. Of course, these winnings will always be much less than if the bet had won at the end of the game, but it’s better than an outright loss. 

Close Call Insurance

There’s nothing more frustrating in sports betting than when your team loses by a fine margin. With close call insurance, you can receive a refund on your wager if your team loses by a small amount. Sometimes, close call insurance will pay out if your team is winning by half-time, but loses the overall game. 

Cashback Bonus

This is another popular bonuses that takes the sting out of your losses. With a cashback bonus, you can claim back a percentage of your losing wagers over a certain time period. For example, a weekly Monday cashback bonus might offer 20% refunds on all losing bets from the previous seven days. 

Refer a Friend Bonus

If your friend loves sports betting in Indiana as much as you, why not introduce them to your favorite sportsbook? If you do, you might be eligible for a loyalty bonus that rewards you with free wagers and VIP points in exchange for your recommendation. 

Loyalty Bonus

Any good sportsbook will reward the loyalty of their most active users. With a sportsbook loyalty bonus, these users can access exclusive freebies and odds that other users cannot. Loyalty bonuses come in all shapes and sizes and can include: 

  • Enhanced odds
  • Regular free bets
  • Dedicated account managers
  • Faster withdrawal times
  • Free birthday gifts
  • Free hotel and casino stays
  • Free flights 

Indiana’s Sportsbook Promos

So, what are the best Indiana sports betting bonuses that you can access right now? Our iGaming experts have scoured the best betting brands in America, and these are the types of Indiana sportsbook promos that we found: 

DraftKings

Welcome bonus: Matched first deposit bonus 100% up to $1000. 

At Draftkings, you can also find refer-a-friend bonuses, deposit tracking bonuses for active players, and free credit on selected sports markets. 

Get up to:
$1000
Welcome Bonus
A customer's first deposit (min. $5) qualifies the user to receive up to $1,000 in bonus funds
4.3/5

FanDuel

Welcome bonus: Bet $5 to get $150 in site credit. 

With FanDuel Indiana, you can find parlay insurance, refer-a-friend bonuses, cashout bonuses, and regular free bets on selected sports events. 

Kick off week 1 promo
Get $150
In free-bets guaranteed
4.0/5

BetMGM

Welcome bonus: Risk-free first bet up to $1000. 

You can find a ton of bonuses at BetMGM, including a weekly $10 free bet, NBA parlay insurance, cash out bonuses, and a loyalty scheme that offers free hotel stays at luxury MGM resorts across America. 

Welcome Bonus
$1000
First Bet Risk-Free
Register now and go all in with the King of Sportsbooks!
4.3/5

BetRivers

Welcome bonus: 100% matched deposit up to $250 (promo code: ACTION)

At BetRivers, customers can take advantage of numerous bonuses, including enhanced odds on events such as March Madness, as well as free bets, cashback, and parlay insurance. 

Welcome Bonus
$250
100% First Deposit Mach
Claim a 100% match on your first deposit up to $250
4.3/5

Caesars

Welcome bonus: $1,100 first bet insurance (promo code: CZR). 

With Caesars, there is no shortage of freebies on offer. On top of your welcome bonus, you can also claim a “bet and get” bonus that gives you $200 in site credit when you bet $20. In addition, you can also take advantage of their “feast like an emperor bonus”, where a $50 bet rewards you with a $250 Uber Eats voucher. 

Go Full Caesar
$1250 for your first bet
if you don't win, you'll get 100%
4.3/5

Unibet

Welcome bonus: $250 risk-free first bet. 

Unibet offers risk-free bets and free wagers on a weekly basis, as well as extensive odds boosters across all major US markets. In addition, their refer-a-friend bonus gives you $25 in bets for every single friend you refer to Unibet. 

Welcome Bonus
$250
First Bet Risk-Free
4.8/5

FAQs

Can I bet for free in Indiana?

Yes. With the right Indiana sportsbook promos, you can get free bets and site credit to wager on real money sports markets, without spending a penny of your own cash. 

What is the best Indiana sportsbook bonus?

It depends on what you are looking for. At indiana-gambling.com, we only recommend the very best sports betting bonuses for our community of gamblers.

Can I claim the same welcome bonus multiple times?

No. A welcome bonus is a one-time offer for first-time account holders. You cannot redeem a welcome bonus if you have ever held an account with that sportsbook in the past.

Can I keep my bonus winnings?

Yes. Subject to wagering requirements, your winnings from a bonus bet are yours to keep. 

Are there additional restrictions on bonuses other than wagering requirements?

Usually, yes. Some bonuses might only be available in certain states, while others might be availably during a very specific time period. Always read the terms and conditions before claiming a sportsbook welcome bonus in Indiana.