The 151st Preakness Stakes is set for Saturday evening with post time around 7 p.m. ET, and new bettors can get in on the action with a strong welcome offer. The Caesars Sportsbook promo code COVERSBONUSDYW unlocks 10 100% Profit Boost tokens when you place your first qualifying wager of at least $1, making it one of the more rewarding sportsbook promos available heading into race day. This offer is available through May 16, so new users should act before the horses hit the gate at Laurel Park. The total value of this welcome offer can reach up to $250 in boosted winnings across 10 separate wagers.
Bet $1, Get 10 100% Profit Boosts
Code: COVERSBONUSDYW
Caesars Sportsbook Promo Code Offer for the 151st Preakness Stakes
The Caesars Sportsbook promo code COVERSBONUSDYW gives eligible new users 10 100% Profit Boost tokens after placing a first qualifying real money wager of at least $1. Each boost token can be applied to any wager of $25 or less, effectively doubling your winnings on up to 10 separate bets. For example, if you place a $25 wager on Preakness favorite Iron Honor at 9-2 odds and apply a Profit Boost token, your profit on a winning bet would be doubled. If you bet $25 on local hopeful Taj Mahal at 5-1 and win, the boost doubles what you take home beyond your stake. Keep in mind that the boost tokens do not protect you if your bet loses -- they only enhance the payout on winning wagers. Here are the key terms to know before claiming:
- New Caesars Sportsbook accountholders only
- Minimum $10 initial deposit required
- First wager must be a qualifying wager of at least $1
- Each Profit Boost token applies to wagers of $25 or less
- Wagers using bonus funds, Reward Credits, or Profit Boost tokens do not qualify
- Super Boosts and Round Robin wagers are not eligible
- Wagers with odds of -500 or shorter do not qualify
- First qualifying wager must be placed within 30 days of account creation
With 14 three-year-olds entered in a wide-open field at the unfamiliar Laurel Park venue, there are plenty of compelling betting angles to put those boost tokens to work across the card this Saturday.
Check if you can use our Caesars Sportsbook promo code in your state
| Caesars Sportsbook promo | Eligible States |
| COVERSBONUSDYW | AZ, CO, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MO, MS, NC, NV, NJ, NM, NY, OH, PA, TN, VA, WV, WY (+DC) |
Enjoying Covers content? Add us as a preferred source on your Google account
How to Claim Your Caesars Sportsbook Welcome Offer for the Preakness
Signing up and claiming your 10 Profit Boost tokens ahead of the 151st Preakness Stakes is a straightforward process. Follow these steps to get started:
- Register: Create a new Caesars Sportsbook account through the mobile app or desktop site using the promo code COVERSBONUSDYW. You will need to provide basic personal information including your date of birth, email address, and residential address to complete registration.
- Deposit funds: Make a minimum initial deposit of $10 to fund your new account and become eligible for the welcome offer.
- Place your first bet: Wager at least $1 on any qualifying sports market. Regardless of whether your bet wins or loses, Caesars Sportsbook will credit your account with 10 100% Profit Boost tokens, each applicable to bets of $25 or less.
For a deeper look at the platform before signing up, check out the full Caesars Sportsbook review.
More sportsbook promos, bonuses, and offers from Caesars
- Win Share Of $50K bonus bets: Win a +5000 parlay for a share of $50K in bonus bets every week!
Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.
Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).
21+ and present in select states.Gambling Problem? Call 1-800-GAMBLER (CO, IA, KY, MI, NJ, OH, PA, IL, TN, VA, VT), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV).
