Iowa: Best Sportsbook Bonuses and Promo Codes for February 2023

Quick facts: Iowa promo codes

1. Caesars Iowa welcome offer

Up to $1,250 on Caesars

Code: COVERSBONUSFULL

Claim Now

The up to $1,250 on Caesars Sportsbook bonus offer is similar to some dished out by rival operators. And, with its $1,250 maximum refund on losing first wagers, it’s definitely among the best Iowa sportsbook bonuses.

Here are seven of the most important stipulations:

• Enter the Caesars Sportsbook promo code — COVERSBONUSFULL — when signing up to redeem the offer.
  
  
• Unused bet credit expires after 14 days.
  
  
• Caesars distributes the bet credit to the account within two days.
  
  
• Caesars provides the tier and reward credits within seven days of the qualifying wager settling. 
  
  
• A qualifying wager must be made within 30 days.
  
  
• The bet credit is tied to follow-up bet.
  
  
• Only winnings are paid out on wagers that use Caesars' bet credit.

Find out more in our detailed Caesars sportsbook review.

Caesars promo pros and cons

$1,250 potential refund is best-in-class

Bet credit deposited within two days of first bet settlement.

Simple redemption process for applicable accounts.

All of the bet credit must be used on follow-up wager

Must lose first bet for bet credit to activate

What does up to $1,250 on Caesars Sportsbook mean for you?

The up to $1,250 on Caesars offer is the most lucrative version of any promo out there in Iowa right now. The showcase attribute is its industry-best $1,250 maximum potential refund. For sure, Caesars' welcome offer does precisely what it intends by providing a stress-free introduction to sports betting.

The addition of 1,000 tier and 1,000 reward credits doesn’t hurt, either. Perks can be unlocked by climbing to different tier levels or by redeeming reward credits for hotel bookings, dining, shopping, and more.

How much can you make with up to $1,250 on Caesars Sportsbook?

You have the potential to redeem $1,250 in bet credit if you deposit and wager the exact amount after signing up. However, your first bet must lose for the offer to activate. The welcome offer from Caesars screams bankable if you wager the maximum of $1,250. You can bet openly on any market as there are no odds requirements. If you choose to bet on the Chicago Cubs at odds of -400 with all $1,250, you will gain $1,562 in total payout if you come out as a winner.

Why is this bonus better than the others?

Its showcase attraction, the $1,250 maximum bet credit, places it amongst the best Iowa betting bonuses. 

2. FanDuel Iowa welcome offer

$3,000 No Sweat First Bet

No code required

Claim Now

FanDuel sits on our list of the best Iowa sportsbook bonuses thanks to its promise of up to $3,000 back in bonus bets for new users.

While you won't have to hunt for a FanDuel promo code, as with any promotional offer, there are accompanying stipulations you’ll want to know how to navigate. Here are five such conditions:

• To claim the offer, new users must download the FanDuel app, one of Iowa's best sports betting apps.
  
  
• After depositing at least $10, you must place an initial wager to qualify for this promo.
  
  
• Bonus bets can be used on any sports betting market.
  
  
• Bonus bets are deposited into your account within 72 hours of the initial bet placement and cannot be withdrawn until wagered.
  
  
• Take advantage of this offer quickly, as it expires after the Super Bowl on Feb. 12, 2023, at 11:59 PM ET.

The FanDuel sportsbook mobile app is available for iOS and Android devices. Learn more through our FanDuel sportsbook review.

FanDuel promo pros and cons

Up to $3,000 in bonus bets available

No odds restrictions

No betting market restrictions for qualifying wagers

Bonus bets cannot immediately be withdrawn

Up to 72 hours for bonus bets to reach your account

What does a "$3,000 no sweat first bet" offer mean for you?

FanDuel offers new bettors protection on their initial wager. After depositing $10, all new users are eligible for up to $3,000 back in bonus bets. Simply place a wager, and FanDuel will match it in bonus bets if you lose.

How much can you make with $3,000 in bonus bets?

New bettors looking to maximize the FanDuel bonus should wager the entire $3,000 on an underdog. For example, wagering on +300 odds would result in $9,000 in withdrawable winnings. Alternatively, spreading the bonus over 14 days on picks with shorter odds would be a less risky (and less rewarding) play.

Why is this bonus better than the others?

The staggering amount of $3,000 is the largest FanDuel promotion we've seen. The ability to split the bonus bets across multiple wagers provides additional flexibiliy. 

3. BetMGM Iowa welcome offer

$1,000 back in bonus bets

No code required

Claim Now

BetMGM has a winning new player bonus offer comparable to all of the best Iowa sportsbook bonuses. The $1,000 maximum refund offer slots just $100 below Caesars’ maximum.

However, BetMGM reimburses the stake on losing first bets slightly differently. For losing initial wagers of $50 or more, BetMGM refunds the stake via five equal installments all at once, within 24 hours of the initial bet settlement. Bettors gain the opportunity to enjoy five follow-up betting opportunities. 

Here are a few important stipulations related to BetMGM’s promotion:

• $10 minimum deposit required.
  
  
• Maximum of $1,000 on the first wager (which must lose) is matched and credited to the account.
  
  
• Bonus bets credited within 24 hours and must be used within seven days.
  
  
• Only the winnings paid out on bets tied to the bonus bets.

Want to learn more? Check out our unbiased BetMGM review for further insights and takeaways. 

BetMGM promo pros and cons

Refund paid out in five equal installments 

Bonus bets deposited within 24 hours

$1,000 maximum redemption

No applicable promotion if the initial bet wins

Bonus bets expire after seven days if unused 

Only winnings paid out on follow-up bet

What does $1,000 paid back in bonus bets from BetMGM mean for you?

There are two notable components of the $1,000 paid back in bonus bets welcome offer from BetMGM. The first is its high $1,000 maximum payout, and the other is its payout method, via five equal installments on losing bets of $50 or more. The five disbursements provide bettors with additional opportunities for follow-up bets.

How much money can you earn with $1,000 in bonus bets?

You can earn a redemption of up to $1,000 on losing initial wagers. To do so, you must deposit and wager $1,000 after signing up. Lining up an underdog bet would be wise since that would trigger the highest payout. The built-in failsafe allows you to line up a second bet if the initial wager misses the mark.

Why is this bonus better than the others?

Refunds paid out within 24 hours, along with the allocation of the high $1,000 maximum refund — via five-bet tokens of $40 each — help make BetMGM one of the best Iowa sportsbook bonuses. 

4. PointsBet Iowa welcome offer

Up to $500 in free bets

Code: 5X100RC

Claim Now

PointsBet Iowa recently tweaked its welcome offer and currently leans on up to $500 in free bets. While it doesn’t quite provide the same high-end lucrative maximum payout, we still view $500 total as a strong value proposition.

Built-in protections include a shot at redemption, up to $100, each time your first fixed odds wager loses over the course of five days. Make sure to use the PointsBet promo code — 5X100RC — to unlock the bonus.

Take a look at four of the more noteworthy terms linked to this $500 in free bets offer:

• Site credit only paid out on the initial losing wagers with fixed odds over a five-day period.
  
  
• Free bet credit is applied to your account within 24 hours of bet settlement.
  
  
• Free bet rewards cannot be withdrawn from your account.
  
  
• Each free bet can be split into five separate wagers.

Read our PointsBet review for more information and actionable intel. 

PointsBet promo pros and cons:

Ability to split free bets four ways

Bonus offer applies to all betting markets

Only bet losses trigger the promotion

Winnings paid out on subsequent or follow-up wager

What does up to $500 in free bets mean for you? 

New PoinstBet Iowa customers can take a measured risk when claiming up to $500 in free bets. First-time patrons stand to earn a more substantial payout without worrying about the result or putting up more of their own money.

How much money can you earn with up to $500 in free bets?

If you're prepared to stake the entire $500 via five initial wagers — $100 each — then you stand to make the most of the free bets. Remember, you can lock in your wagers on any market with no odds requirement enforced. So, if the Iowa Hawkeyes are sitting at +550 and you wager $100 five times over the five-day period, you would potentially win $2,200. 

Why is this bonus better than the others?

New PointsBet bettors in Iowa should look at up to $500 in free bets as a safety net. Make your initial deposits each day for five days, place your wagers, and if you lose them all, the sportsbook will give you up to $500 total in site credit. Then, you can make follow-up bets and look to build a bankroll.

5. BetRivers Iowa welcome offer

Up to a $500 free bet

Code: SPORTS

Claim Now

BetRivers Iowa's welcome offer is a typical free bet promotion — you won't find anything necessarily outstanding about the offer comparared to other top-tier sportsbooks. Still, it's reliable and solid all the same. New IA customers can sign-up now to obtain up to a $500 free bet. 

Here are the notable terms and conditions you need to know about BetRivers' welcome bonus in IA: 

• Enter the active BetRivers promo code — SPORTS — to ensure eligibility.
  
  
• You must make an initial deposit of at least $10. 
  
  
• Within 24 hours of your initial wager losing, you will get up to $500 in site credit deposited into your BetRivers account.
  
  
• Any wagers made with bonus credit cannot have odds shorter than -200. For example, making a bet with final odds of -225 will not satisfy this condition.
  
  
• There is a 1x rollover requirement attached to the bonus, meaning you must bet all bonus credit once before withdrawing. Keep in mind that cashed-out bets do not count towards the requirement.
  
  
• All bonus credit expires in 30 days.

Uncover the rest of what the sportsbook has to offer via our BetRivers Sportsbook review.

BetRivers promo pros and cons:

Solid maximum bonus amount

Reasonable playthrough conditions

30 days to use bonus credit

No guaranteed money

Odds restriction (-200 or longer) in place

What does up to a $500 free bet from BetRivers mean for you? 

BetRivers Iowa's free bet bonus is best for new sports bettors aiming to start with reduced risk. After creating an account for the first time and placing your initial wager, you'll receive a refund in free bets should it lose. BetRivers' welcome offer allows you the opportunity to potentially build up your bankroll faster than normal.

How much money can you earn with up to a $500 free bet?

If your first wager flops, you'll get up to a $500 free bet. Using the maximum $500, you can make a relatively safe bet on a favorite (-200 or longer odds) or go big by picking an underdog. You can even try to hit a home run on a multi-leg parlay so long as all legs have odds of -200 or greater.

Why is this bonus better than the others?

BetRivers' sign-up bonus provides you with a straightforward method to try for a major payday by guaranteeing two attempts at a first wager.

Latest Iowa betting news

Most common Iowa sign-up bonuses

There are several go-to welcome bonuses that top online sportsbooks leverage for your sign-up. Three of the most common sportsbook bonuses — risk-free bets, deposit matches, and no deposit bonuses — are the most prominent options. 

Risk-free bet

Arguably the most popular welcome offer, risk-free bets provide bettors with an insurance policy on their first bet, paving the way for unencumbered initial wagers. That insurance policy only pays out when first bets lose, pleasing both the sportsbook and bettor.   

Deposit match

Bettors love the fact that deposit matches provide tangible results, increasing bankrolls almost immediately. They are guaranteed, unlike other welcome offers like risk-free bets. Deposit matches come in various percentages, including 20, 50, and 100, the latter of which obviously the most attractive.

No deposit bonus

No deposit bonuses are well received as they are usually granted to those who already have an account. It’s a way for a sportsbook to show its gratitude and keep its customers motivated and engaged.

When new betting sites launch in legal markets, they may also use no deposit bonuses to entice sports bettors to give their platform a try. 

No deposit bonuses are often utilized by sportsbooks in popular tournaments like March Madness or the NBA playoffs. It galvanizes bettors and can be an effective inspiration tool.

All Iowa online sportsbooks

In October 2022, Fubo Sportsbook shuttered its online sportsbook, effectively exiting the Iowa market. Still, many options remain for IA bettors.

Players 21 years of age and older can sign-up with the following legal sportsbooks in Iowa: 

Iowa's online and mobile sportsbooks

Online sportsbook	Mobile app	Odds provider	Online casino	Retail partner
Bally Bet	Yes	Bet.Works	No	Elite Casino Resorts
Barstool	Yes	Kambi	No	Ameristar Council Bluffs
Betfred Sports	Yes	Playtech	Yes	Grand Falls
BetMGM	Yes	BetMGM	Yes	Diamond Jo Casino
BetRivers	Yes	Kambi	Yes	Wild Rose
Betway	Yes	BetRadar	Yes	Wild Rose
Caesars Sportsbook	Yes	Caesars	Yes	Isle Bettendorf, Isle Waterloo, Prairie Meadows, Horseshoe, Harrah's
Circa Sports	Yes	Stadium Technology	Yes	Diamond Jo Casino
DraftKings	Yes	SBTech	Yes	Wild Rose
DRF Sportsbook	Yes	Kambi	No	Lakeside Casino
Elite Sportsbook	Yes	Bet.Works	Yes	3 locations: Grand Falls, Rhythm City, Riverside
FanDuel	Yes	Flutter	Yes	Diamond Jo Casino
Hard Rock	Yes	GiG	Yes	Hard Rock Sioux City
MaximBet (coming soon)	Yes	Kambi	No	TBD
PointsBet	Yes	SBTech	Yes	Catfish Bend
Q Sportsbook	Yes	IGT	Yes	Q Casino
SuperBook	Yes	IGT	No	Isle Casino Waterloo
Tipico	Yes	Tipico	No	Isle Casino Hotel Bettendorf

More Iowa betting resources

Engage with helpful guides to gain more insight into available sports betting resources and popular banking methods:

Iowa sports betting sites

Learn about the best sportsbooks in Iowa.

Iowa Sports Betting

Mobile sports betting apps

Covers experts break down the top legal betting apps in the U.S.

Best Sports Betting Apps

Best football betting promo codes

Learn where to find the top betting promos for the 2022-23 NFL season.

Football Betting Promo Codes

Iowa sportsbook bonus FAQs

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