Ohio Sports Betting Promos

Sports betting in Ohio has been legal since January 1st, 2023, and sportsbooks are still offering great promotions and bonuses for new users. Even if you've already signed up for accounts with a couple of sportsbooks, you're still eligible to claim new-user offers from any sportsbooks you haven't registered with yet.

That means you can take advantage of offers that range from guaranteed bonuses (something like "get a $150 bonus instantly after you place you first $5 bet") to bonuses that pay out if your first bet doesn't win (a bonus that equals the amount of your wager if your first bet isn't a winner).

With so many great offers out there for Ohio bettors to take advantage of, we'll help you out by breaking down the best sports betting promos in the state.

Ohio Sports Betting Promos

Betting Promos Summary

Our Recommended Offers

1. FanDuel Sportsbook

FanDuel's new-user promo is our favorite offer thanks to a really profitable wrinkle in the fine-print. The offer pays out a $200 bonus if your first $5 bet wins. That means it's not a guaranteed offer like DraftKings ($150) or bet365 ($150) offers. But there's no minimum odds set for your first wager, meaning you can claim your $200 bonus with a bet that is very, very likely to win.

I'm not talking about just betting on something like a -200 favorite on the moneyline. To unlock your promo you can go to some of the more niche sports and find a huge mismatch. Maybe a -4000 favorite in a lopsided boxing undercard match, or a total squash match in tennis. When you're getting odds with an implied probability north of 95%, your expected value on that bonus is much higher than the $150 that the "guaranteed" books are offering.

FanDuel Promo Bonus FAQ

• Is there a minimum deposit to unlock the offer? Yes, you must deposit at least $10 to claim your offer
• I already have an account on other sportsbooks, can I still claim my offer? Yes, as long as you have never signed up for a FanDuel Sportsbook account you can claim your new-user bonus no matter how many other sportsbooks you already have accounts with.
• How do I use my FanDuel bonus? Simply add a bet to your bet slip and select the option on the slip to use bonus funds for the wager.
• How much rollover is there on a FanDuel bonus? There are no rollover requirements — once you place a bonus bet any winnings from it pay out in cash.
• How do bonus bet payouts work? If you win a bet placed with bonus funds you will receive your usual winnings in cash, but won't receive the initial wager amount. For example if you place a $10 bonus bet at +200 odds, a win would see $20 in cash added to your account, but that original $10 bonus wager would not be returned.
• How long do bonus bets last? You have seven days to use your bonus after it is added to your account.

2. DraftKings Sportsbook

Now we move on to the guaranteed promo offers. DraftKings Sportsbook's offer is structured similarly to FanDuel's — you just need to place a $5 bet to activate the offer. Unlike FanDuel, DraftKings doesn't even make you wait to see the result of that bet to get your payout, which is $150 in bonus bets.

Whether your bet wins or loses, that full $150 bonus is already in your account and you'll keep it regardless. That means you're free to place any $5 bet you'd like without having to worry about whether it will unlock your bonus or not.

DraftKings Promo Bonus FAQ

• Is there a minimum deposit to unlock the offer? There is a minimum $10 deposit to claim your offer, although you only have to bet $5.
• I already have an account on other sportsbooks, can I still claim my offer? Any new DraftKings Sportsbook users can claim the offer, no matter how many other sportsbooks you have accounts with.
• How do I use my DraftKings bonus? Use your bonus bets by clicking the "Bonus Bet" toggle in the "Apply Rewards" section on your bet slip.
• How do bonus bet payouts work? DraftKings bonus bets will return all winnings from the bet in cash, though you won't receive the value of the intial wager back. So a successful $10 bonus bet at -110 odds will give you the usual $9.10 winnings in cash, but you wouldn't get the $10 bonus back.
• How long do bonus bets last? DraftKings bonus bets will be valid for seven days, at which point they will be removed from your account.

3. bet365

Another guaranteed offer, bet365 matches DraftKings' "bet $5, get $150 in bonus bets" format. There's a slight difference however — the bet365 bonus payout is not instant. It pays out after your first $5 bet settles.

It doesn't matter whether your bet wins or loses, but this wait does mean that you won't want to place something like a futures bet that won't settle for six months as your $5 bonus-unlocking wager. Instead you'll probably want to place a wager that will settle very soon.

bet365 Promo Bonus FAQ

• Is there a minimum deposit to unlock the offer? bet365's new-user sign-up bonus requires a minimum $10 deposit to unlock.
• I already have an account on other sportsbooks, can I still claim my offer? This offer is available to all new bet365 users, regardless of whether you've signed up with other sportsbooks.
• How do I use my bet365 bonus? Similar to most other sportsbooks, you can use your bet365 bonus bets by opening a bet slip and selecting "use bonus bets."
• How do bonus bet payouts work? When you place a bonus bet, a winning wager will return your winnings in cash. Your initial bonus wager will not be returned whether you win or lose.
• How long do bonus bets last? bet365's bonus bet credits expire seven days after being added to your account.

4. BetMGM

BetMGM's offer differs significantly from the other offers on the list. It can offer by far the biggest payout, but to maximize the bonus also requires a much more sizable initial investment.

BetMGM will award you with bonus bets equal to the amount of your first wager if that bet loses. So if you bet $500 for your first wager and lose, you'll get a $500 bonus. If you bet $1,000 and lose, you'll get a $1,000 bonus. This is true for any value from $10 (the minimum required to unlock the bonus) to $1,500 (the maximum value of the offer).

BetMGM Promo Bonus FAQ

• Is there a minimum deposit to unlock the offer? A deposit of $10 or more (and a wager of $10 or more) is required to unlock the BetMGM sign-up bonus promo.
• I already have an account on other sportsbooks, can I still claim my offer? Any new BetMGM user can unlock the offer regardless of how many other sportsbooks' new-user promos you have unlocked.
• How do I use my BetMGM bonus? Add a bet (or multiple bets in a parlay) to your bet slip and select "apply bonus bet?" next to the stake area to see all of your eligible bonuses that can be used.
• How do bonus bet payouts work? Any bonus amounts wagered will be removed from your account whether you win or lose. If you win the bet, the entire payout is returned to your account in cash. For example if you win a $25 bonus bet at +200 odds you will get $50 in cash winnings.
• How long do bonus bets last? Bonus bets from BetMGM's welcome offer must be used within seven days of being credited to your account.

Where to Use the Offers

Depending on which offer you are claiming, there are plenty of different events that can be great for wagering on to unlock your bonus.

• MLB/NBA/NHL games: These are great options because there is at least one game every night between these three leagues for most of the year. That means your bet will settle very quickly, getting your bonus payout on those offers that aren't instant.
• NFL games: The NFL is the most popular sport in America, and that holds true in the betting world too. If you're already planning on betting on the NFL, then placing a wager that you'd like to make anyway is a great way to unlock your bonuses.
• Futures bets: This one only applies for an instant payout bonus like DraftKings. But a futures bet can be a great way to get some money down on your favorite team to win a championship without really needing to sweat the result. If your team doesn't win you can still feel good that your $5 bet unlocked your $150 bonus. And if your team does win then the potential for a long-odds win could give you some nice winnings too.

FAQ

Ohio Betting by Sport

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