Best Indiana Sportsbook Promo Codes for January 2026: $7,250 in Bonuses

Indiana sportsbook promos summary

1. bet365 Indiana welcome offer

Bet $5, Get $200 Win or Lose

Code: COVERS

 Claim $200

$1,000 First Bet Safety Net

Code: COVERS

Claim $1,000

bet365 launched in Indiana and is wasting no time making a name for itself in the Hoosier State. Register today and score $200 in bonus bets after an initial $5 minimum wager on any sports betting market. Read below for further details:

• Enter the exclusive bet365 bonus code 'COVERS' during sign-up. You must register on the bet365 app to qualify. 
  
  
• You must make a minimum deposit of at least $10 once registered.
  
  
• Place a $5 bet on any sports betting market that settles within 30 days of registering your account.
  
  
• Qualifying wager must include one selection with odds of -500 or greater.
  
  
• Bonus expires seven days (168 hours) from issuance. This offer is valid until Feb. 9, 2026, at 6:59 a.m. ET.

bet365 iOS app

bet365 promo pros and cons:

$200 in bonus bets

Great return on your initial investment

No betting market restrictions

Requires $10 real-money deposit

Bonus funds are linked to winnings

Qualifying bet must include odds of -500 or better

2. BetMGM Indiana welcome offer

$1,500 First Bet Offer

Bonus bets expire in 7 days. One new customer offer per user. Additional terms apply. 21+. Gambling Problem? Call 1-800-GAMBLER.

COVERS

Claim $1,500

BetMGM enters the Indiana betting scene with an enticing value proposition of an '$1,500 First Bet Offer'. Here's how BetMGM disburses the reimbursed bonus bets: If you lose your initial wager, BetMGM will credit you with up to $1,500 in bonus bets. 

Besides using the BetMGM bonus code — COVERS — during registration, here other important stipulations placed on BetMGM’s promotion, which expires on Feb. 9, 2026:

• A minimum $10 deposit and $10 wager are required.
  
  
• You must make an initial wager, and if it loses, BetMGM will reimburse you an equal value to your stake, up to $1,500 in bonus bets. The bonus bets can be on any available sports betting market.
  
  
• All bonus bets are credited to the user’s account within 24 hours.
  
  
• Each bonus bet cannot be spread across multiple future wagers and must be redeemed within seven days (168 hours).
  
  
• Only winnings will be paid out on bets utilizing bonus bets. This offer is available until Feb. 9, 2026. 
  
  

Refer to our BetMGM bonus code review for more information.

BetMGM iOS app

BetMGM promo pros and cons

Straightforward terms 

Bonus bets deposited within 24 hours

Bonus bets must be redeemed within seven days (168 hours)

Only winnings paid out on bets utilizing bonus bets

Lower value than previous BetMGM promos

3. FanDuel Indiana welcome offer

Bet $5, Win $300

New customers only. Deposit min. $5. Place your first $5 bet and receive $300 if your bet wins.

Claim $300

FanDuel understands which welcome offers make bettors tick. Currently, new users can bet $5 on any market and get $300 in bonus bets if they win. 

FanDuel’s promotion has an extensive list of terms and conditions; we've outlined the most notable here:

• No FanDuel promo code is required, but you must download the FanDuel Sportsbook mobile app — one of the country's best sports betting apps — and deposit $5 to get started. 
  
  
• If you win your first bet, FanDuel will add $300 in bonus bets to your account balance within 72 hours. 
  
  
• You can use bonus bets on any sports betting market. The bonus amount expires in seven days (168 hours).
  
  
• You may not withdraw bonus bets. If you win while using bonus bets, FanDuel does not include the bonus stake as part of your payout. The promotion is valid until Jan. 25, 2026. 

FanDuel iOS app

FanDuel promo pros and cons

Minimal investment required

Use your bonus bets all at once or separately

Any sports market is available

Up to 72 hours for the bonus bets to hit your account

Bonus bets cannot immediately be withdrawn

Latest Indiana betting news

4. Caesars Indiana welcome offer

$250 Bet Match, Win or Lose

Code: COVERS250BM

Claim $250

Caesars Sportsbook doesn’t shy away from a challenge and has stepped up to the plate with its latest '$250 Bet Match, Win or Lose' welcome offer in Indiana. 

Caesars Sportsbook’s current promotion lists terms you’ll have to adhere to, including these seven: 

• Use the Caesars Sportsbook promo code 'COVERS250BM' when signing up to redeem the offer.
  
  
• New users must make an initial $10 deposit and $1 wager on any sports betting market to qualify within 30 days of opening your their account. 
  
  
• Caesars Sportsbook IN will issue bettors $250 in bonus bets, win or lose. 
  
  
• You cannot spread the bonus across multiple wagers. 
  
  
• You have to use the bonus within 30 days of receipt. 
  
  
• Winnings paid out on bet credit, not the stake. This Covers-verified Caesars Sportsbook promo is valid until Feb. 10, 2026. 

Caesars Sportsbook iOS app

Caesars promo pros and cons

Easy to claim 

Guaranteed bonus

Better suited for newbies or casuals

Cannot use on multiple future wagers

Low value compared to competitors

 

5. Fanatics Sportsbook Indiana welcome offer

Up to $2,000 in FanCash

New customers only. Deposit min. $5. Choice of three offers. Daily bonus issued within 72 hours.

Claim $2,000

If you are new to Fanatics Sportsbook, register today and claim a great welcome bonus, which we've outlined the terms and conditions of below:

• No Fanatics Sportsbook promo code is required. 
  
  
• You must make a $10 initial deposit and place a $1 qualifying wager on any market with -500 odds or longer. 
  
  
• Fanatics Sportsbook matches your wager, up to $200 in FanCash, if it loses.
  
  
• This promotion is available for your first 10 days using the platform, allowing you to unlock up to $2,000 in no sweat FanCash bonuses.  
  
  
• The bonus bets are non-redeemable, and each expires at 11:59 p.m. on the day of issuance. This offer is available until June 1, 2026. Alternatively, new IN bettors can opt to claim a 'Bet $50, Get $250 FanCash' bonus instead.

Read our Fanatics Sportsbook review for more information.

Fanatics Sportsbook iOS app

Fanatics Sportsbook promo pros and cons:

Up to $2,000 in bonus bets

Reasonable terms

Place multiple qualifying wager to maximize the offer

Hard to keep track of

6. DraftKings Indiana welcome offer

Bet $5, Win $300

GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD). 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. Must register new DraftKings account to receive reward Token. Must select Token BEFORE placing min. $5 bet to get $200 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bonus Bets expire in 7 days (168 hours) and stake removed from payout. Token expires 2/1/26. Terms: sportsbook.draftkings.com/promos. Terms, restrictions, and eligibility requirements apply. Offer ends 1/25/26 at 11:59 PM ET. Sponsored by DK.

Available in Indiana

Claim $300

DraftKings Indiana offers new users an easy-to-claim welcome promo — Bet $5, Win $300. Though no DraftKings promo code is required to claim this enticing offer but there are several terms and conditions to consider:

• This offer is for first-time users only. 
  
  
• Upon creating your account, you must make a minimum $5 deposit and wager to qualify for this sportsbook promo.
  
  
• Your initial wager can be placed on any available sports betting market.
  
  
• If you win, DraftKings will dish out $300 in bonus bets within 72 hours of the settlement of your qualifying wager. The bonus will arrive as 12 $25 bonus bets.
  
  
• Each bonus bet is valid for seven days. The bonus bets come with a 1x wagering requirement. 
  
  
• The offer expires on Jan. 25, 2026. 
  
  
• You can also access a secondary '20% deposit match up to $1,000' welcome offer.

Our DraftKings Sportsbook review goes into extensive detail about this welcome offer and additional key features the sportsbook offers.

DraftKings iOS app

DraftKings promo pros and cons:

Easily obtainable

Future wagering flexibility

The bonus bets expire seven days from issuance

DraftKings responsible gaming  

Please Gamble Responsibly. 888-789-7777/visit CONNECTICUT COUNCIL – ON PROBLEM GAMBLING  (CT), or visit  Home (MD). 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new customer. Must register new account to receive reward Token. Must select Token BEFORE placing min. $5 bet to receive $300 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Token expires 2/1/26. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: sportsbook.draftkings.com/promos. Ends 1/25/26 at 11:59 PM ET. Sponsored by DK.

Most common sign-up bonuses

There are a wide range of common sportsbook sign-up bonuses extended to players to garner a maximum number of new customers. However, second chance bets, deposit matches, and no deposit bonuses are three of the most popular.

Second chance bet

Second chance bets are advantageous in a number of ways. For starters, they present an opportunity for bettors to wager without assuming too much risk if their respective wagers lose. The only way the promotion activates is through a loss, so there is ample merit in sourcing an underdog that has a viable chance of upsetting the apple cart.

Let's say you like the Indiana Pacers, pegged as underdogs, at home against the Cleveland Cavaliers. Source additional reasons for backing the Pacers. Don’t simply back them because you have a second chance bet at your disposal. 

Are any of Cleveland’s top players tired or hurt? Are the Cavaliers playing on back-to-back nights? Once you find a number of valid reasons to back the Pacers, go for it. If you win, you’ll reap the rewards from the risk-forward wager. If you lose, the sportsbook will reimburse the stake up to a pre-specified maximum. That’s the definition of a win-win scenario.

Deposit match

Deposit matches are a powerful tool used by sportsbooks, as they immediately double a bettor’s original investment. If a new player deposits $200 on a 100% deposit match offer, they will receive $200 in site credit, increasing their overall wallet to $400. 

Remember, stipulations and requirements are always placed on these offers, including rollover requirements and potential odds restrictions, so make sure to read the terms and conditions of each welcome offer.

No deposit bonus

No deposit bonuses are offered less frequently than deposit matches and second chance bets but are just as effective. Bettors love the fact that a sportsbook makes a pre-specified deposit on their behalf, ensuring users don’t initially have to invest their own money. The sportsbook believes the original investment will be enough to convince new bettors to commit long-term. 

This type of offer is regularly used by new sports betting sites and for prominent events, like the NBA Finals, Super Bowl, and March Madness. 

What online sportsbooks can I use in Indiana?

Indiana-based bettors have access to 11 regulated and licensed online sportsbooks. Here's the complete list of betting sites in Indiana — including new betting sites available to players 21 years of age and older:

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