Illinois Sportsbook Bonuses and Betting Offers
Illinois Sportsbook Bonuses and Betting Offers
The sports betting market in Illinois is vast, competitive, and set for growth.
IL sports bettors are in for a victory. The competition among Illinois sportsbooks implies they have some amazing deals in store.
FanDuel Sportsbook presents one of the best sports betting offers in IL this week. Register with FanDuel to receive a welcome offer that could be worth up to $1,000 in bonus bets. You don’t need a FanDuel promo code to avail this offer.
We’re here to guide you through the bonus world of sports betting, explaining every detail of bonuses and promos. Continue reading as we illustrate how to maximize your betting dollar at Illinois sportsbooks.
Top Sports Betting Bonus Offers in Illinois
Best bonus bet Offers at IL Sports Betting Sites
When gearing up to register for a new sportsbook, you should ask yourself: What benefits will I get from this? As previously stated, the competitive environment results in deals that you can leverage. Here’s where to locate the most beneficial ones:
DraftKings Sportsbook
Special Offer: Receive a bonus of up to $1,200
This offer ranks among the top within the industry. By clicking our link to establish a new account at DraftKings Sportsbook, you can avail a two-tier welcome offer.
To start, a bonus of $50 will be credited to your account once you deposit a minimum of $5. Following that, your initial deposit will be matched by 20%, up to a limit of $1,000. For each $25 you wager, $1 of the bonus will be automatically released. To claim your full bonus, you must wager the necessary amount within a 90-day period.
BetMGM Sportsbook
Special Promotion: Up to 1,000 on Your First Bet
New users of BetMGM Sportsbook in Illinois can anticipate a First Bet Offer of up to $1,000. By utilizing the BetMGM Illinois bonus code PLAYBONUS, new users can immediately benefit, particularly since signing up is 100% online in Illinois.
FanDuel Sportsbook
Promotion: Place your first bet up to $1,000 without any hassle.
FanDuel Sportsbook is extending a straightforward promotional offer to our readers. By setting up an account through our unique link, your first bet is effortless. You are required to deposit at least $10. Once done, proceed to make your first bet, with the added comfort of some insurance.
If you win your bet, everything continues as normal. You’re free to withdraw your earnings and keep playing with your bankroll on the site. However, if your bet loses, FanDuel will refund your wager up to a limit of $1,000. These refunded funds will show up as credits in your account and must meet a straightforward 1x playthrough requirement.
Different Types of Bonuses and Promotions
Numerous bonus offers are available at online sportsbooks and sports betting apps in Illinois, but they’re not all the same. Each has its own set of rules that need to be adhered to. Here’s a glimpse at the common bonus offers you’ll encounter at these sportsbooks.
First deposit bonus
Under this promotion, sportsbooks agree to match your initial deposit up to a specified limit. This could either be a specific percentage like 20%, or an equal dollar amount. Regardless, the bonus will not exceed a set maximum, for instance, $500.
In order to qualify, a minimum deposit is usually required, typically a nominal sum of $25 or less. There might also be a requirement to play through a certain amount before funds are released, so it’s important to fully understand the offer’s terms and conditions.
For instance, the book might disburse your funds in portions, like $1 for every $25 wagered. There may also be time constraints to fulfill the bonus, such as a 30-day period.
bonus bet
Another common method that online and mobile sportsbooks use to attract new users is through a bonus bet. Once you’ve made your first deposit, you’ll have the opportunity to make your first bet, often up to a certain limit, sometimes even as high as $1,000, using this bonus.
Should the bet result in a loss, the site will reimburse the wager amount as site credits. These credits cannot be immediately withdrawn and may occasionally have a 1x playthrough requirement.
A 1x playthrough indicates that you must bet that amount once more. If the site returns $25 to you, you would need to stake the same amount again before you can withdraw the funds.
Match bet offer
This promotion operates similarly to bonus offers, but you can benefit even if your first bet is successful. For the matched bet, regardless of whether your first bet is a win or a loss, the bookmaker will match the amount of your initial wager in site credits.
Of course, there will be limits set on the eligible bet amount, yet it remains a substantial offer. The sum credited to you by the book will come with wagering requirements that must be fulfilled before the funds are fully accessible.
If you get a matched bet of $100, it will be deposited into your account as either site credit or bonus bets. After you have used this amount on the site, you can freely use the matched amount as you desire.
Money back bonus bet
The cash-back offer is akin to wager insurance, an occasional promotional gimmick provided by sportsbooks. If you gamble and lose in a specific way, the website will refund the amount of your bet.
The funds would then be subject to a wagering requirement. Cashback would be applied to the so-called bad beats and could fluctuate. For instance, a Major League Baseball bet that falls through in additional innings, or a National Football League bet that is lost in overtime.
As expected, the money-back bet must be utilized on the site. Any subsequent winnings are yours to retain, however, the operator will not re-credit the money-back bet to your account.
How Do bonus bets Work?
You’re all set to dive into the world of sports betting and have been informed about some fantastic bonus offers up for grabs. So, what’s next? The initial step involves positioning yourself to leverage these offers by initiating the process through our exclusive links.
Furthermore, there are some essential details you should be aware of. Let’s examine them.
Why do sportsbooks offer no deposit and bonus bet bonuses?
The aim of sportsbooks is to draw in as many users as possible, particularly when venturing into fresh markets like Illinois. Ideally, these attracted users would eventually become faithful customers.
There are numerous options available for users to decide where to place their sports betting funds. The environment is highly competitive, forcing operators to differentiate themselves from the rest.
Introduce bonus offers. Users who utilize these offers end up with extra funds to use, while sportsbooks gain from increased customer numbers.
How do I claim sportsbook bonus offers?
The process for our suggested operators is straightforward. Just click on our exclusive links to set up an account. If a bonus code is needed, we’ve got it covered. You’ll be prompted to enter it when necessary.
From that point forward, what you need to do will depend on the offer. For offers that provide free funds upon signing up, the book will immediately credit your account. Some offers necessitate an initial deposit, while others are applicable to your first real money bet.
In every scenario, provided you adhere to the steps we’ve outlined, you’ll be all set. Keep in mind, there may be restrictions on the time frame for activating offers or fulfilling playthrough requirements. Make sure you comprehend what is required of you.
What else do I need to know?
As stated earlier, the countdown on some offers may begin as soon as you set up your account. You might need to deposit within a specific period or place a bet by a particular date, for instance.
It’s advisable to thoroughly go through the terms and conditions at the sportsbook for any bonus bet offers. Frequently, there are specific stipulations, like a minimum odds requirement for the acceptance of the bet.
Furthermore, some bonus offers might only be applicable for particular straight bets, while others might accommodate a parlay or other unusual bets. Please revisit the on-site rules for further details and prerequisites.
Examples of Sportsbook Bonuses in Action
Understanding the workings of something often becomes easier when we see it in action. This is also true for bonus bet promotions at legal and regulated sportsbooks. Let’s explore some examples to demonstrate what happens when you’re prepared to set things in motion.
Let’s start with DraftKings’ complimentary $50 offer. This amount is added to your account as a $50 bonus bet. This bet comes with a one-time playthrough requirement and you get a 30-day window to use it. Furthermore, to qualify, the bet must be placed on sports betting odds of -200 or higher.
Should your bet prove successful, you will be awarded any earnings, excluding the initial free-bet sum. However, if your bet fails, the complimentary wager will be exhausted and henceforth unavailable in your account.
Now, let’s explore how FanDuel’s $1,000 No Sweat First Bet offer operates. Once you’ve made your first deposit, you will have the opportunity to make your inaugural bet, in a “No Sweat” manner, up to $1,000.
Suppose you choose to make your initial bet of $500 on the Chicago Bears with a +3 point advantage as they compete against the Indianapolis Colts. If the Bears meet or exceed the spread, your bet is successful. The winnings, along with your original bet amount, will then be added to your account.
Even if the Bears lose, your situation won’t be too bad. The sum of your bet will be refunded to you. However, you must gamble with this amount once before you can withdraw it.
Pros and Cons of IL Sports Betting Bonus Offers
Bonus bets give you the opportunity to explore a sports betting site with minimal or no risk involved. Plus, they provide the added advantage of starting with a larger bankroll than you might have, by utilizing the maximum offers available.
Though it’s hard to see a drawback to free money, you should be aware of a few aspects. The most crucial include playthrough requirements and any potential time restrictions.
Provided that you fully comprehend what you are committing to and understand the expectations, you should not encounter any problems. However, to ensure transparency, it is recommended that you familiarize yourself with the bonus bet regulations on the site you are using to prevent any misunderstandings.