Illinois Sportsbook Bonuses and Betting Offers
Illinois’ sports betting market is expansive, competitive, and poised for expansion.
Sports bettors in Illinois are poised for success as the fierce competition between sportsbooks in the state means there are some fantastic deals waiting to be discovered.
FanDuel Sportsbook is offering an exceptional sports betting promotion in Illinois this week. Simply sign up with FanDuel to claim a welcome bonus worth up to $1,000 in bonus bets. No promo code is required to take advantage of this offer.
Our goal is to help you navigate the exciting world of sports betting bonuses, providing clear explanations of every promotion. Keep reading to learn how to make the most of your bets at Illinois sportsbooks.
Top Sports Betting Bonus Offers in Illinois
Best bonus bet Offers at IL Sports Betting Sites
Before signing up for a new sportsbook, it’s important to consider the advantages you will receive. The competitive nature of the industry means there are many deals available for you to take advantage of. Here is where you can find the most beneficial ones.
DraftKings Sportsbook
Limited Time Offer: Get a bonus of up to $1,200
This offer is one of the best in the industry. Clicking our link to create a new account at DraftKings Sportsbook will allow you to take advantage of a two-tier welcome offer.
First, you will receive a $50 bonus when you deposit at least $5 into your account. After that, your initial deposit will be matched by 20% up to $1,000. For every $25 you bet, $1 of the bonus will be unlocked. In order to receive the full bonus, you must bet the required amount within 90 days.
BetMGM Sportsbook
New Offer: Up to 1,000 Bonus on Your Initial Wager
New users signing up for BetMGM Sportsbook in Illinois can look forward to a First Bet Offer worth up to $1,000. By entering the BetMGM Illinois bonus code PLAYBONUS, new users can take advantage of this exciting opportunity right away, especially considering that the sign-up process is completely online in Illinois.
FanDuel Sportsbook
Promotion: Bet up to $1,000 hassle-free on your first wager.
FanDuel Sportsbook is offering a simple promotion to our readers. Sign up through our exclusive link and your first bet will be seamless. A minimum deposit of $10 is necessary. After depositing, place your first bet with the added security of insurance.
If your bet is a winner, you can withdraw your winnings and continue playing with your bankroll on the site. But if your bet is a loser, FanDuel will refund your wager up to $1,000. The refunded funds will be credited to your account and must be played through once before withdrawal.
Different Types of Bonuses and Promotions
There are many bonus offers to be found at online sportsbooks and sports betting apps in Illinois, but it’s important to remember that each offer comes with its own specific rules that must be followed. Here is an overview of the typical bonus offers you can expect to find at these sportsbooks.
First deposit bonus
As part of this promotion, sportsbooks will match your first deposit up to a certain limit. This limit could be a percentage, such as 20%, or a specific dollar amount. However, the bonus will not exceed a predetermined maximum, such as $500.
To be eligible, a small deposit of $25 or less is often necessary. Additionally, there may be a stipulation to wager a specific amount before receiving the funds, so it is essential to thoroughly comprehend the terms and conditions of the promotion.
For example, the book could distribute your funds in increments, such as $1 for every $25 bet. Additionally, there may be a deadline to meet the bonus, like within 30 days.
bonus bet
Online and mobile sportsbooks frequently attract new users by offering a bonus bet after their initial deposit. This allows users to make their first bet, typically up to a specified limit, which can sometimes be as high as $1,000.
If the bet is lost, the site will refund the wager amount in the form of site credits. These credits cannot be withdrawn right away and may sometimes require a 1x playthrough.
If you play through once, you must wager the same amount again. For example, if the site gives you $25 back, you would have to bet $25 again before being able to withdraw the funds.
Match bet offer
This promotion functions like bonus offers, with the added benefit that you can still profit even if your first bet is a winner. With a matched bet, the bookmaker will match your initial wager in site credits, regardless of whether your first bet wins or loses.
Naturally, there will be restrictions on the maximum bet allowed, but it is still a generous offer. The amount given to you by the bookmaker will have wagering requirements that need to be met before the funds can be withdrawn.
Once you receive a matched bet of $100, it will be credited to your account as either site credit or bonus bets. Once you have wagered this amount on the site, you are free to use the matched funds as you wish.
Money back bonus bet
The cash-back offer is similar to insurance for your bets, a sporadic promotional tactic offered by sportsbooks. If you place a bet and end up losing in a certain manner, the website will reimburse the amount of your wager.
The funds would be required to meet a wagering requirement before being withdrawn. Cashback would be given for “bad beats,” such as when a Major League Baseball bet extends to additional innings or a National Football League bet is lost in overtime, and the amount could vary.
The money-back bet must be used on the site, and any winnings from it are yours to keep. However, the operator will not refund the money-back bet to your account.
How Do bonus bets Work?
You’re ready to start your sports betting journey and have heard about some amazing bonus offers available. Now, it’s time to take the first step by using our exclusive links to position yourself to take advantage of these offers.
Moreover, it is important to note some key details. Let’s explore them.
Why do sportsbooks offer no deposit and bonus bet bonuses?
Sportsbooks aim to attract as many users as possible, especially when entering new markets such as Illinois, with the goal of converting these users into loyal customers over time.
There are many choices for users when it comes to deciding where to allocate their sports betting funds. The industry is fiercely competitive, leading operators to seek ways to distinguish themselves from their competitors.
Introducing bonus offers allows users to receive extra funds to use, benefiting both the users and sportsbooks by increasing customer numbers.
How do I claim sportsbook bonus offers?
Setting up an account with our recommended operators is easy. Simply click on our unique links to start the process. If a bonus code is required, we have you covered and will prompt you to enter it when necessary.
After that, your next steps will vary based on the specific offer. If the offer includes free funds upon signing up, the book will instantly add them to your account. Other offers may require an initial deposit or your first real money bet.
No matter the situation, as long as you follow the steps we’ve provided, you will be well-prepared. Keep in mind that there may be time restrictions for activating offers or meeting playthrough requirements. Make sure you understand what is expected of you.
What else do I need to know?
As previously mentioned, the countdown for certain offers may start immediately upon account creation. It could be necessary to make a deposit within a designated time frame or place a bet before a certain deadline.
It is recommended to carefully review the terms and conditions of any bonus bet offers at the sportsbook. Oftentimes, there are specific requirements, such as a minimum odds threshold, that must be met for the bet to be accepted.
Additionally, certain bonus offers may only apply to specific straight bets, while others may allow for parlay or other unique bets. Please review the on-site rules for more information and requirements.
Examples of Sportsbook Bonuses in Action
Watching something in action can make it easier to understand how it works, including bonus bet promotions at legal and regulated sportsbooks. Let’s look at some examples to show what happens when you’re ready to get things started.
Begin by taking advantage of DraftKings’ free $50 offer, which will be credited to your account as a bonus bet. This bet comes with a one-time playthrough requirement and must be used within 30 days. To be eligible, the bet must be placed on sports betting odds of -200 or greater.
If your bet is a winner, you will receive any profits earned, not including the initial free bet amount. But if your bet is a loss, the free bet will be used up and no longer available in your account.
Let’s take a closer look at how FanDuel’s $1,000 No Sweat First Bet offer works. After you make your first deposit, you can place your first bet of up to $1,000 with ease.
If you decide to place a $500 bet on the Chicago Bears with a +3 point spread against the Indianapolis Colts, you will win if the Bears either meet or exceed the spread. If successful, your winnings, plus your initial bet amount, will be credited to your account.
In the event of a Bears loss, your situation will still be manageable as the total amount of your bet will be returned to you. However, you will need to wager this refunded amount at least once before you are able to withdraw it.
Pros and Cons of IL Sports Betting Bonus Offers
Bonus bets allow you to discover a sports betting website with little to no risk. Additionally, they give you the benefit of beginning with a bigger bankroll by taking advantage of the highest offers possible.
While it may seem difficult to find a downside to receiving free money, it is important to consider certain factors. The most important ones to be mindful of are playthrough requirements and any possible time constraints.
As long as you understand and agree to the commitments and expectations, you shouldn’t have any issues. It’s a good idea to review the bonus bet rules on the website you’re using to avoid any confusion and ensure transparency.