Best Indiana Sportsbook Promo Codes for May 2026: $5,700+ in Bonuses

Indiana sportsbook promos summary

1. bet365 Indiana welcome promo

Bet $10, 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 $10 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 $10 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 promo is valid until June 1, 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 promo

$1,500 First Bet Offer + $50 BetMGM Rewards Points

Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See Sports Betting | Legal Online Sportsbook at BetMGM | BetMGM for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. This promotional offer is not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.

COVERS50

Claim $1,550

BetMGM enters the Indiana betting scene with an enticing value proposition of an '$1,500 First Bet Offer + $50 BetMGM Rewards Points'. 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 — COVERS50 — during registration, here other important stipulations placed on BetMGM’s promotion, which expires on July 1, 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.
  
  
• Regardless of the outcome, you'll get $50 in BetMGM Reward Points instantly. 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 July 1, 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

FanDuel's prominence in the Indiana sports betting market has never been as evident. The online sportsbook operates one of the best sports betting apps in the U.S., and its fantastic welcome offer has allowed it to grow its user base steadily. New IN bettors can sign up for FanDuel sportsbook and potentially take home $150 in bonus bets.

No FanDuel promo code is required, but here are five noteworthy terms to consider: 

• 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 $150 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 June 3, 2026. 

FanDuel iOS app

FanDuel promo pros and cons

Great bonus

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 promo

Bet $1, Get (10) 100% Profit Boosts

Code: COVERSBONUSDYW

Claim Now

Caesars Sportsbook doesn’t shy away from a challenge and has stepped up to the plate with its latest 'Bet $1, Get (10) 100% Profit Boosts' 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 'COVERSBONUSDYW' 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 10 100% profit boosts. 
  
  
• You cannot spread the boosts across multiple wagers. Each boost has a maximum bet of $25 and has a total value of $2,500.
  
  
• You have to use the boosts within 14 days of receipt. 
  
  
• This Covers-verified Caesars Sportsbook promo is valid until Aug. 18, 2026. 

Caesars promo pros and cons

Easy to claim 

Guaranteed bonus

Hard to track

Cannot combine

Difficult to extract full value

 

5. Fanatics Sportsbook Indiana welcome promo

10 X $100 Bet Match in FanCash

New customers only. Wager $1+ to receive a Bet Match in FanCash, up to $100, for ten consecutive days. Bonus issued within 72 hours.

Claim $1,000

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 $100 in FanCash, regardless of the outcome.
  
  
• This promotion is available for your first 10 days using the platform, allowing you to unlock up to $1,000 in FanCash bet match 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 Aug. 23, 2026. 

Read our Fanatics Sportsbook review for more information.

Fanatics Sportsbook promo pros and cons:

Instant bonus

Reasonable terms

Lower value than previous offers

Bonus bets released within 72 hours

6. DraftKings Indiana welcome promo

DraftKings Indiana offers new users an easy-to-claim welcome promo — Bet $5, Get $100 Instantly. 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 or lose, DraftKings will dish out $100 in bonus bets within 72 hours of the settlement of your qualifying wager. The bonus will arrive as four $25 bonus bets.
  
  
• Each bonus bet is valid for seven days. The bonus bets come with a 1x wagering requirement. 
  
  
• The offer expires on May 31, 2026. 
  
  
• You can also access a secondary '20% deposit match up to $1,000' welcome offer.

DraftKings promo pros and cons:

Easily obtainable

Future wagering flexibility

The bonus bets expire seven days from issuance

DraftKings responsible gaming  

GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (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), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/KY/NH/PR/WY). Void in NH/OR/ONT/PR. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Max. $100 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: sportsbook.draftkings.com/promos. Ends 5/31/26 at 11:59 PM ET.

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 the best 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:

Indiana's online and mobile sportsbooks

More Indiana betting resources

Indiana sports betting sites

Learn about the likely best sports betting sites in Indiana.

Indiana Sports Betting

Best sports betting apps

Covers reveals the top mobile sports betting apps available in the U.S.2026.

Best Betting Apps

Best NBA Betting Sites

Access the top sportsbooks and promos for the 2026 NBA Playoffs.

Basketball Betting Sites