Best Ohio Sports Betting Bonuses and Promo Codes for October 2023

Ohio sportsbook promo codes

Twenty Ohio sportsbook operators were conditionally approved to go live on day one of legal online wagering — 20 are currently active — and up to 25 total are expected to arrive in 2023. The best Ohio sports betting apps come alongside the slew of lucrative sign-up bonuses for new OH bettors.

Keep tabs on the latest sportsbook promos here:

Quick facts: Ohio sports betting promo codes

1. bet365 Ohio welcome offer

Bet $1, Get $365

Code: COVERS

Claim $200

The meager $1 investment required to secure $365 in bonus bets from bet365 Ohio earns the sportsbook top marks. The best part? Regardless of whether a new bettor wins or loses their qualifying wager, they'll still get the $365 in bonus bets. Here's what else you need to know: 

• Enter bet365 bonus code COVERS to claim the offer.
  
  
• You'll need to make a deposit of at least $10 following account creation.
  
  
• Place a $1 wager on any sports market within 30 days of registration.
  
  
• Your initial wager must include one selection with odds of -500 or longer.
  
  
• The $365 bonus amount is non-withdrawable and not returned with winnings earned from bonus bets. Offer is valid until Oct. 5, 2023, at 6:59 a.m. ET.

For in-depth insight, explore our extensive bet365 Sportsbook review. 

bet365 promo pros and cons:

Guaranteed $365 in bonus bets

Low wagering requirement

No betting market restrictions

Must make a $10 real money deposit

Bet credits are not withdrawable as real cash

Bets tied to events with odds of -500 or better

What does bet365's welcome offer mean for you?

Few things in life are guaranteed, and bet355 Ohio's welcome offer is one of them. Even if you happen to drop your first wager, bet365 will provide you with $365 in bonus bets. The fact that any profit made from a winning initial bet is yours to keep is also nice. 

How much money can you earn with $200 in bonus bets?

Naturally, the amount of money you may incur will vary depending on the size of your bet. The minimum odds requirement of -500 or greater factors in here, too. Still, you can make that $1 initial wager on any sports market you desire.

Why is this bet365 bonus better than the others?

The $365 in bonus bets can be used on one bet, or you can divide it into any number of wagers. Additionally, those bonus bets can be applied to any sports market, whether that's an upcoming NFL game or future events.

2. DraftKings Ohio welcome offer

Bet $5, Get $200 + $150 in Bonus Bets

No code required

Claim $200

New DraftKings Ohio customers can now capitalize on $200 in bonus bets when they make their first deposit and wager of $5 or more on any sports market. No DraftKings promo code is needed.

Here's what you need to know:

• Deposit and wager $5 on any sports market of your choosing. DraftKings will release $200 in bonus bets to your account instantly. 
  
  
• DraftKings OH awards this bonus as eight $25 bonus bets.
  
  
• Users can also get $150 in additional bonus bets when they wager a maximum of $50 on an NFL game day. Receive an equal amount to your stake in the form of a 'no sweat token' if the wager loses. The token is issued per eligible gameday, up to three per week (max. $150).
  
  
• All bonus bets will expire after seven days (168 hours), so be sure to use the entire amount in your first week of wagering with DraftKings.
  
  
• The bonus amount is non-withdrawable and not returned with winnings earned from bonus bets.
  
  
• This DraftKings Ohio promo will end on Oct. 2, 2023, at 11:59 p.m. ET.

Search through our DraftKings Sportsbook review for more high-quality analysis of this sports betting operator. 

DraftKings promo pros and cons:

Receive $200 in bonus bets — win or lose

No minimum odds requirements

Straightforward terms and conditions

Bonus bets cannot be withdrawn as cash

Less exciting for high rollers

Bonus bets expire after seven days

What does DraftKings' welcome offer mean for you?

For a mere $5, new Ohio sports bettors can guarantee themselves a $200 boost to their DraftKings bankroll. With no complicated terms and conditions attached, this offer is both generous and simple to understand.

How much money can you earn with $200 in bonus bets from DraftKings?

Take our odds calculator for a spin to see how much you can earn with $200 in bonus bets from DraftKings Ohio. With no odds restrictions in play, you can aim for a big payday or go for a smaller, more attainable goal.

Why is this bonus better than the others?

DraftKings Ohio will give you $200 in bonus bets regardless of the outcome of your first $5 wager. There are few online sportsbook welcome bonuses with such straightforward and favorable terms.

3. FanDuel Ohio welcome offer

Bet $5, Get $200

Ends: 26 Oct

Claim Now

FanDuel is one of the top sportsbooks and boasts one of the best sports betting apps in the U.S. New users from Ohio can claim $200 in bonus bets after placing their first real-money wager. Here are a few things to consider with FanDuel Ohio now live:

• New users with FanDuel OH must provide legal verification to confirm their identity during registration.
   
• No FanDuel promo code is required, but new users must download the FanDuel mobile app to claim the bonus.
  
  
• Upon account creation, a $10 initial minimum deposit is required.
  
  
• After depositing funds, you'll need to place your first real money wager on any sports market of at least $5. FanDuel will then provide you with $200 in bonus bets.
  
  
• You can break up any bonus bets you receive — they do not have to be used on a single follow-up wager.
  
  
• You must use the full bonus amount within seven days. Act quickly — this offer expires on Oct. 26, 2023.

To learn more, read our FanDuel Sportsbook review.

FanDuel promo pros and cons:

Guaranteed $200 in bonus bets

Bonus bets can be spread over multiple wagers

Bonus bets are non-withdrawable

FanDuel releases bonus bets within 72 hours of the bet placement

What does FanDuel's welcome offer mean for you?

As a new FanDuel customer, you can bet with confidence, knowing you will be taken care regardless of the outcome of your first bet. If you loses, you get $200 in bonus bets. If you win, you get your winnings on top of the bonus.  

How much money can you earn with $200 in bonus bets?

A successful $200 wager on a Cincinnati Bengals with +300 odds would yield $600 in winnings. It's up to you to decide whether you'll take your chances on an underdog for a large potential payout or if you would rather play it safe with a favorite.

Why is this bonus better than the others?

FanDuel's offer is amongst the most flexible online sportsbook promotions available in the market. The sportsbook allows you to bet the full amount on a single market or divide the bonus into a series of smaller wagers.

Latest Ohio betting news

4. Caesars Ohio welcome offer

$1,000 First Bet on Caesars

Code: COVERSBONUS1000

Claim $1,000

Caesars Entertainment has been in the industry for several decades. Its online sportsbook — naturally named Caesars Sportsbook — is offering up to $1,000 on Caesars to new users in Ohio. You'll need to use Caesars promo code COVERSBONUS1000 to redeem it.

There are just a few more things to know when registering a new Caesars OH account:

• New users will need to provide some form of legal verification to confirm their identity when registering. 
  
  
• An initial deposit of at least $10 is required upon the creation of your Caesars Ohio account.
  
  
• Once you've deposited funds, the next step is to place your first real money wager. If that wager loses, you will receive site credit equal to the amount of the real money wager you just placed.
  
  
• For example, if you deposited $500 and then placed a $500 real money wager that ended up losing, you would receive $500 in site credit. Site credit cannot be withdrawn as cash.
  
  
• The site credit amount will always match the amount of your first real money wager, with a limit of $1,000. For example, if you deposited $1,850 and made a real money wager of that amount, you would only receive $1,000 in site credit if you lost the bet. 
  
  
• The $1,000 bonus amount is non-withdrawable and not returned with winnings earned from the bonus bet.

Engage with our Caesars Sportsbook review to learn more about what you can expect from the sportsbook now that it's live in Ohio.

Caesars Sportsbook promo pros and cons:

Upwards of $1,000 in site credit if first real money wager loses

Opportunity to make a riskier initial bet

Palatable $10 initial minimum deposit

Bonus bet credit can only be used as a single bet

If your first bet wins, you don't receive a bonus bet

Bonus bet cannot be withdrawn as cash

 

What does Caesars' welcome offer mean for you? 

One of the best Ohio sportsbook promos, a bonus bet of up to $1,000 on Caesars means more ways and chances to play. Now that Caesars has rolled out the red carpet in Ohio, a promotion like this is available to all. The potential to earn this much betting credit early on opens a world of possibilities for new bettors. 

How much money can you earn with up to $1,000 on Caesars?

If you were to maximize this offer by using a $1,000 bonus bet on a market with +300 odds, you'd win $3,000. Luckily for bettors, Caesars' promo has no odds requirements attached. 

Why is this bonus better than the others?

Caesars is a true powerhouse in the sports and gaming industry — meaning it can afford to offer larger promos than competitors. Betting sites providing this type of welcome bonus often dole out an amount between $100-$1,000, which makes a $1,000 reward quite lucrative in comparison. There’s little doubt Caesars' sign-up bonus will be one of the most popular sports betting promotions in Ohio.

5. BetMGM Ohio welcome offer

$1,500 in Bonus Bets

Code: COVERSBONUS

Claim $1,500

BetMGM is another pillar of the sports betting industry. New users residing in Ohio are eligible to claim up to $1,500 paid back in bonus bets as a new player bonus. This offer requires a BetMGM bonus code during registration. Use code COVERSBONUS and read the following terms carefully before claiming your BetMGM Ohio sign-up bonus:

• New users must provide some form of legal verification to confirm their identity when registering. 
  
  
• A minimum initial deposit of at least $10 is required following sign-up. 
  
  
• Then you will need to place your first real money wager. If that wager loses, you will receive five bonus bets (when you wager $50 or more) or one bonus bet (when you wager $49 or less).
  
  
• For example, if you deposited $1,500 and then placed a $1,500 real money wager that ends up losing, you would receive five $300 bonus bets.
  
  
• The bonus bet amount will always match the amount of your first real money wager, with a limit of $1,500. For example, if you deposited $1,700 and made a real money wager of that amount, you would only receive $1,500 in bonus bets if the bet lost. 
  
  
• The $1,500 bonus amount is non-withdrawable and not returned with winnings earned from bonus bets.

Interested in finding out more about BetMGM Ohio? Read our full BetMGM review.

BetMGM promo pros and cons:

Reasonable minimum deposit of $10

Up to $1,500 returned as bonus bets

Easy to redeem

Bonus bets cannot be withdrawn as cash

Bonus bets cannot be placed across multiple wagers

No bonus if you win your first wager

What does BetMGM's welcome offer mean for you? 

Up to $1,500 paid back in bonus bets from BetMGM is a great way to give your account balance a starting boost. This kind of bonus also allows bettors to take a chance on parlay bets and other long odds markets.

How much money can you earn with $1,500 in bonus bets?

If a $1,500 BetMGM real money bet were placed on a +290 odds market, the winnings would amount to $4,350. If the wager were to fail, $1,500 in bonus bets would be credited to the account after wager confirmation.

Why is this bonus better than the others?

BetMGM's $1,500 in bonus bets is significant compared to other Ohio sportsbook promos. The operator truly cares about enticing new users; Ohioans can see that firsthand.

6. BetRivers Ohio welcome offer

$100 Second Chance Bet

Code: COVERSBONUS

Claim $100

BetRivers' current welcome offer lands new users up to a $100 bonus bet. Ohio bettors can input our exclusive BetRivers promo code COVERSBONUS to ensure they can collect this bonus.

Now that BetRivers Ohio is live, you'll want to keep the following in mind:

• A first deposit of at least $10 is required to obtain the promo.
  
  
• Should your initial wager fall flat, BetRivers will refund your stake, up to $100, as a bonus bet.
  
  
• The bonus bet will arrive in your account within 24 hours of your losing wager settling.
  
  
• The bonus bet is limited to wagers with final odds of -200 or longer.
  
  
• The $100 bonus amount is non-withdrawable and not returned with winnings earned from bonus bets.
  
  
• Bonus funds must be spent within 30 days of receipt.

Read our BetRivers Sportsbook review for additional insight. 

BetRivers promo pros and cons:

Up to a $100 bonus bet

Plenty of markets to use bonus bet on

Can take out funds after reinvesting bonus once

Odds restriction attached to bonus bet

Initial bet must lose to unlock promo

Bonus bet is non-withdrawable

What does BetRivers' welcome offer mean for you? 

Up to a $100 bonus bet from BetRivers means you'll have a safeguard for your initial wager. Two opportunities to quickly build your bankroll is nothing to write off, even if the maximum value is lesser than some other Ohio sports betting promos.

How much money can you earn with up to a $100 second chance bet?

Should your initial wager flop, you'll be provided up to a $100 bonus bet, depending on how much you wagered. If you garner the full $100, you can place a low-risk wager on a favorite or try for more money via an underdog selection. There's even the option of risking it all on a multi-leg parlay, though that's a move with a low success rate.

Why is this bonus better than the others?

Whether you're signing up for a bunch of sportsbooks or you want to start with one that has a straightforward bonus, BetRivers' offer is worth grabbing. A $100 maximum amount, while lower than what competitors like Caesars and BetMGM provide, is still plenty for fresh-faced sports bettors.

Most common Ohio sign-up bonuses

The three most common sportsbook sign-up bonuses that Ohioans are guaranteed to run into include second-chance bets, initial deposit matches, and no-deposit bonuses.

First bet insurance or second-chance bets

Second chance bets are arguably the most common sportsbook welcome bonuses around and are sure to be plentiful amongst Ohio betting promos. If your initial bet doesn't hit, the sportsbook will refund your stake up to a specified amount. For example, if you were to place a $300 bet with a $500 limit on the Ohio State Buckeyes and lose, you would receive $300 back in site credit. Should your bet win, you would simply collect your winnings and receive no bonus credit. These bonus bets are often considered the most valuable sportsbook promo since you are given two cracks at garnering a significant payout.

Deposit match bonus

A deposit match is when your initial deposit is also granted to you as site credit. For example, if you were to make an initial deposit of $150 with a sportsbook running this promo, you would also receive $150 in site credit to bet. From there, you could pool the real cash and site credit together to make a $300 bet on the Cleveland Browns, for example. 

No-deposit bonus

A no-deposit bonus is when a sportsbook awards a new user site credit without first requiring them to deposit their own real cash. This offer is typically available during sporting events widely viewed by casual and hardcore fans, including March Madness and the Super Bowl. This is done to provide even more incentive to sign up, as more people are engaging in sports betting than usual during these events.

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