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Best Ohio Sportsbook Promos Claim $8 436 in February 2023

Best Ohio Sportsbook Promos – Claim $8,436 in February 2023

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Best Ohio Sportsbook Promos – Claim $8,436 in February 2023

Quick facts: Ohio sports betting promo codes

Online launch date

Jan. 1, 2023

Number of betting sites 17
Best welcome bonus bet365 Sportsbook
Online betting Yes
Retail betting Yes 
Betting on college sports Yes 
Remote registration Yes 
Online casinos No ❌
Legal betting age 21

21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER

1. bet365 Ohio welcome offer

Caeasars Logo

Bet $1, get $200 in bonus bets

No code required

The meagre $1 investment required to secure $200 in guaranteed 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 $200 in bonus bets. Here’s what else you need to know: 

  • No bet365 promo code is necessary 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.

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

bet365 promo pros and cons:

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Guaranteed $200 in bonus bets

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Low wagering requirement

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No betting market restrictions

Covers miss iconMust make a $10 real money deposit

Covers miss iconBonus bets are not withdrawable as real cash

Covers miss iconBets tied to events with odds of -500 or better

What does a bet $1, get $200 in bonus bets 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 $200 in guaranteed 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 $200 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

DraftKings Logo

Bet $5, get $200 in bonus bets

No code required

New DraftKings Ohio customers can now capitalize on a $200 in bonus bets offer 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 once the qualifying bet settles.
  • The reward is delivered as eight $25 bonus bets.
  • All eight bonus bets will expire after seven days, so be sure to use the entire amount in your first week of wagering with DraftKings.
  • This DraftKings Ohio promo will end on Feb. 12, 2023, at 11:59 p.m. ET.

Search through our DraftKings Sportsbook review for more high-quality analysis. 

DraftKings promo pros and cons:

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Receive $200 bonus once initial wager settles

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No minimum odds requirements

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Straightforward terms and conditions

Covers miss iconBonus bets cannot be withdrawn as cash

Covers miss iconLess exciting for high rollers

Covers miss iconBonus bets expire after seven days

What does DraftKings’ bet $5, get $200 in bonus bets 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 as soon as your first wager of at least $5 settles. There are few sportsbook welcome bonuses with such straightforward terms.

3. FanDuel Ohio welcome offer

FanDuel Logo

$1,000 No Sweat First Bet

FanDuel is one of the top sportsbooks and boasts one of thebest sports betting apps in the U.S. New users from Ohio can get in on the action and claim the operator’s active sign-up bonus — a generous $1,000 no sweat first bet offer. 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 needed to claim the bonus.
  • Upon account creation, an initial deposit of at least $10 is required.
  • After depositing funds, you’ll need to place your first real money wager on any sports market. If your wager loses, FanDuel will return your stake with up to $1,000 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.
  • Remember: Bonus bets cannot be withdrawn as cash.

To learn more, read our FanDuel Sportsbook review.

FanDuel promo pros and cons:

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Deposit just $10 to qualify

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Bonus bets can be spread over multiple wagers

Covers miss iconNot as lucrative as previous FanDuel offers

Covers miss iconFanDuel releases bonus bets within 72 hours

What does FanDuel’s “$1,000 no sweat first bet” offer mean for you?

The opportunity to get $1,000 back in bonus bets automatically added to your bankroll after a losing wager is exceptional. Users can bet with confidence, knowing they will be taken care of if they are initially unsuccessful.

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

A successful $1,000 wager on a FanDuel OH market with +300 odds would yield $3,000 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?

With Ohio fully operational from a sports betting standpoint, FanDuel’s $1,000 offer is the largest promotion in market. Don’t hesitate to get your bets in for Super Bowl 57.

4. Caesars Ohio welcome offer

Caeasars Logo

Up to $1,500 on Caesars

Code: CVS1BET

Caesars Entertainment has been in the industry for several decades. Its sportsbook — naturally named Caesars Sportsbook — is offering up to $1,500 on Caesarsto new users in Ohio. You’ll need to use Caesars promo code CVS1BET 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 $650 and then placed a $650 real money wager that ended up losing, you would receive $650 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 $1,500. For example, if you deposited $1,850 and made a real money wager of that amount, you would only receive $1,500 in site credit if you lost the 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:

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Upwards of $1,500 in site credit if first real money wager loses

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Opportunity to make a riskier initial bet

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Palatable $10 initial minimum deposit

Covers miss iconBonus bet credit can only be used as a single bet

Covers miss iconIf your first bet wins, you don’t receive a bonus bet

Covers miss iconBonus bet cannot be withdrawn as cash

What does ‘Up to $1,500 on Caesars’ mean for you?

One of the best Ohio sportsbook promos, a bonus bet of up to $1,500 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 $1,500 on Caesars?

If you were to maximize this offer by using a$1,500 bonus bet on a market with +305 odds, you’d win $4,575. 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. Sportsbooks providing this type of welcome bonus often dole out an amount between $100-$1,000, which makes a $1,500 reward quite lucrative in comparison. There’s little doubt Caesars’ sign-up bonus will be one of the most popular in Ohio.

5. BetMGM Ohio welcome offer

BetMGM Logo

$1,000 back in bonus bets

No code required

BetMGM is another pillar of the sports betting industry. New users residing in Ohio are eligible to claim up to $1,000 paid back in bonus bets as a new player bonus. This offer does not require a BetMGM promo code. With your BetMGM Ohio sign-up bonus now claimable, here are a few things to know:

  • 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 bonus bets equal to the amount of the real money wager you just placed.
  • For example, if you deposited $550 and then placed a $550 real money wager that ends up losing, you would receive $550 in bonus bets. You cannot withdraw bonus bets as cash.
  • The bonus bet amount will always match the amount of your first real money wager, with a limit of $1,000. For example, if you deposited $1,200 and made a real money wager of that amount, you would only receive $1,000 in bonus bets if the bet lost. 

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

BetMGM promo pros and cons:

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Reasonable minimum deposit of $10

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Up to $1,000 returned as bonus bets

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Easy to redeem

Covers miss iconBonus bets cannot be withdrawn as cash

Covers miss iconBonus bets expire after seven days

Covers miss iconNo bonus if you win your first wager

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

Up to $1,000 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 $1,000 in bonus bets?

If a $1,000 BetMGM real money bet were placed on a +290 odds market, the winnings would amount to $2,900. If the wager were to fail, $1,000 in bonus bets would be credited to the account after wager confirmation.

Why is this bonus better than the others?

BetMGM’s $1,000 in bonus bets is significant compared to other Ohio sports betting promos. The operator truly cares about enticing new users; Ohioans can see that firsthand.

6. PointsBet Ohio welcome offer

PointsBet Logo

5 x $50 second chance bets

No code required

PointsBet Sportsbook has gained industry notoriety from its unique PointsBetting markets, which aren’t offered by any other sportsbook. The Ohio sign-up bonus — which you can claim now — includes up to $250 in bet credits. Here’s what you need to know before locking in PointsBet’s first Ohio offer:

  • New users have to provide legal verification to confirm their identity when registering.
  • No PointsBet promo code needs to beused during sign-up.
  • With Ohio online sports betting live, place your first five real money wagers — one for each of your first five days of betting with PointsBet. If the bets fail, the sportsbook will reimburse each wager up to $50 (for a total of $250).
  • If you win any of your first five bets, you will not receive a bonus for that day.
  • Each bet credit amount will always match the amount of each real money wager, with a limit of $50, meaning the maximum bonus you can earn is $250

Read our complete PointsBet Sportsbook review for more analysis and actionable intel. 

PointsBet promo pros and cons:

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Up to $250 total in bet credits

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Bonus offer applies to all betting markets

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Five bet credits provide flexibility

Covers miss iconOnly losing bets trigger most of the promo

Covers miss iconOnly winnings paid out on wagers placed with bet credits

Covers miss iconBet credits cannot be withdrawn as cash

What does ‘Up to $250 in bet credits’ mean for you?

Up to $250 in bet credits from PointsBet Ohio provides stability when taking your first five chances over the promo period. You can afford to be a little riskier than you may have been if the safety nets weren’t there.

How much money can you earn with $250 in bet credits?

Betting the maximum overall amount of $250 — $50 five times — could yield a nice return. For example, if a single $50 bet with long odds is placed, like +400, the bettor would receive a $200 payout. Even more could be earned if multiple bets are won in succession.

Check out our odds calculator to cycle between American, decimal, and fractional odds.

Why is this bonus better than the others?

At PointsBet, you have a unique amount of flexibility baked into the welcome bonus, making it one of the best Ohio sportsbook promos. Uncomfortable with the single $1,000 bonus bet offered to you at other sportsbooks? PointsBet provides the opportunity to spread the wealth without hindering your potential overall earnings.

7. BetRivers Ohio welcome offer

BetRivers Logo

Up to a $500 bonus bet

Code: SPORTS

Sophisticated in its simplicity, BetRivers’ current welcome offer is up to a $500 bonus bet. Ohio bettors can input in the active BetRivers promo code— SPORTS — 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 $500, 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.
  • Bonus funds must be spent within 30 days of receipt.

Read our BetRivers Sportsbook review for additional insight. 

BetRivers promo pros and cons:

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Up to a $500 bonus bet

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Plenty of markets to use bonus bet on

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Can take out funds after reinvesting bonus once

Covers miss iconOdds restriction attached to bonus bet

Covers miss iconInitial bet must lose to unlock promo

Covers miss iconBonus bet is non-withdrawable

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

Up to a $500 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 $500 bonus bet?

Should your initial wager flop, you’ll be provided up to a $500 bonus bet, depending on how much you wagered. If you garner the full $500, 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 $500 maximum amount, while lower than what competitors like Caesars and BetMGM provide, is still plenty for fresh-faced sports bettors.

Latest Ohio betting news

Most common Ohio sign-up bonuses

The three most common sportsbook sign-up bonuses that Ohioans are guaranteed to run into includesecond-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 seen as 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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Ohio sportsbook bonuses and promo codes FAQ

On Jan. 1, 2023, Ohio officially launched legal sports betting, allowing operators such as Caesars Sportsbook, FanDuel, BetMGM, PointsBet, and BetRivers to begin taking wagers.

The best sports betting sign-up bonus in Ohio does not require a promo code. You can lock in $200 in bonus bets when you register with bet365 Ohio.

You can claim as many sign-up bonuses in Ohio as you wish, as long as you only do so once with each sportsbook. Creating multiple accounts and claiming multiple sign-up bonuses with the same sportsbook is illegal.

Bonus abuse occurs when a single person makes more than one account with the same sportsbook to claim numerous sign-up bonuses. Each user is only allowed one account with each sportsbook and, therefore, one sign-up bonus. Any instance of having multiple accounts with one sportsbook to obtain several sign-up bonuses can be characterized as bonus abuse.

You need to be at least 21 years old to bet on sports in Ohio, and you will also need to possess a valid United States Social Security Number.

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Joshua Howe is a sports betting editor at Covers, helping make smarter sports bettors since 2021. The experienced writer and editor has reviewed over 20 sportsbooks and has been placing his own wagers for three years and counting. He prefers FanDuel for its sleek app design and variety of NBA markets.