Kentucky Sportsbook Promos: Latest Updates on Sports Betting Bonuses in KY

By Dan Smyth | Fact Checked By: Chris Spiteri | Last Updated: April 24, 2023

Are Legal Sports Betting Promotions Available in Kentucky?

Latest Status on Kentucky Sports Betting

The current Kentucky sports betting situation looks promising as the Bluegrass state is about to legalize sports betting in Kentucky. After four tough years of back-and-fourth actions regarding changing the law, the House of Representatives elected Michael Meredith and the efforts will finally help make history.

Gov. Andy Beshear signed HB-551 into law on March 31, the process of legalizing live and online sports betting in Kentucky, is set to swing into full force and launch by 2024. Although the governor’s plan is to have sports betting live in the state of Kentucky by the 2023 NFL season, the start of 2024 is the time when Kentuckians will be able to wager both live and online.

Those who look forward to the Legalize Kentucky Sports Betting saga should read through to find out more about the subject and what to expect from operators. This includes odds, bet types, sports, promos, prizes, etc.

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1. 1

   

   Established 2007

   More Details

   $200 Sign-Up Bonus
   Promo Code: BET200

   Play Now

   

   

   

   

   

   
   Must be 21+ to participate. T&Cs apply.
   Backed by Churchill Downs Incorporated, Founded in 1875

   TSC Elite Rewards & VIP Program

   Horse Racing Live Streaming

   Promo Code

   The code required to claim this sign-up bonus (if any)

   BET200

   Live Streaming

   Is there live streaming of sporting events?

   Yes

   In-Play Betting

   The number of sports with in-play betting available

   0

   Bet Builder

   Can you create your own personalised bets?

   No

   Cash Out

   Can you cash out of bets before an event has finished?

   No

   First Bet Insurance

   No

   TwinSpires is the go-to platform for horse racing betting. It packs all the features a horse racing fan would need when betting. Explore the brand's massive calendar that features horse races from around the globe every single day.

   TwinSpires Sportsbook
2. 2

   

   Established 2009

   More Details

   Ohio Offer: Bet $2,500 No Sweat First Bet

   Play Now

   

   

   

   

   

   

   
   21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER
   'Operator of the Year' 2021

   MLB Same Game Parlay $20 Refunds

   Official Partner of the NFL, NBA, NHL, & MLB

   Promo Code

   The code required to claim this sign-up bonus (if any)

   not required

   Live Streaming

   Is there live streaming of sporting events?

   Yes

   In-Play Betting

   The number of sports with in-play betting available

   18

   Bet Builder

   Can you create your own personalised bets?

   Yes

   Cash Out

   Can you cash out of bets before an event has finished?

   Yes

   First Bet Insurance

   No

   FanDuel is one of the biggest sportsbook operators in the US. Backed by Flutter Entertainment, one of the biggest gambling operators globally.

   FanDuel Sportsbook

Top 5 Sportsbooks & Potential Betting Bonuses We Expect To See in KY

BetMGM Kentucky: $1,000 on Lost Bets

BetMGM Sportsbook is, without a doubt, one of the most popular sports betting sites around in the US. This website operates in 20 states so far, including AZ, CO, NJ, OH, and PA. Soon, it'll also add Kentucky to its sports betting craze and will offer the same services, including competitive odds, odds boost, and tons of college sports to bet on.

• Potential BetMGM Offer: First deposit bonus of up to $1,000 if bet loses
• Common BetMGM Promotions: Welcome bonus, bonus bets, and others
• BetMGM Loyalty Program: BetMGM Rewards – rewards loyal players with various perks
• Payment Methods: Visa, MasterCard, Discover, American Express, PayPal, Online Banking, Apple Pay, and others.
• Top Features: Frequent bonus stakes related to specific sports events like the Kentucky Derby and NBA playoffs, same-game parlays, and daily odds boost
• Customer Support: Email and Live Chat 24/7
• Overall Bonus Rating: 4.8/5

Pros

Many well-organized available sports

SSL encryption

Android and iOS mobile apps

Cons

No phone support

No horse racing

Caesars Kentucky: 100% Match Up to $1,250 as Bet Credit

Caesars Sportsbook stands shoulder to shoulder with the biggest sportsbooks in the US. It is available in 21 states and offers tons of benefits including a big diapason of sports and many ongoing promotions. The rewards you can claim vary between free bets, deposit bonus matches, and others.

• Potential Caesars Offer: 100% match up to $1,250 as Bet Credit
• Common Caesars Promotions: Up to $1,250 back as a bonus bet and 1,000 credits for various benefits.
• Caesars Loyalty Program: Caesars Rewards - various prizes by collecting Tier Credits from gaming should you climb up the 6 tiers
• Payment Methods: Visa, MasterCard, Discover, American Express, PayPal, PayNearMe, Electronic checks, and others
• Top Features: Same-game parlays boosts, live streaming of sports matches and micro-betting
• Customer Support: Email, FAQ, and Live Chat 24/7
• Overall Bonus Rating: 4/5

Pros

Good welcome bonus

Competitive odds

Several promos

Cons

Poor navigation

Slow withdrawals

DraftKings Kentucky: Bet $5, Win $150 in Bonus Bets

Kentucky sports betting will soon join the other 21 states where DraftKings is operating. The site created a safe environment, thanks to SSL security, where you can engage and try the many available betting choices. Check the welcome bonus code and other highlights of this bookie in addition.

• Potential DraftKings Offer: Bet $5, win $150 in bonus bets
• Common Draftkings Promotions: Welcome bonus with bonus code, NBA bonus, daily free pool, second new bet offer
• DraftKings Loyalty Program: Dynasty Rewards – comprised of five tiers that give out various cash prizes, bonus bets, and access to exclusive promos
• Payment Methods: Visa, MasterCard, American Express, Venmo, DraftKings Gift Card, PayPal, VIP Preferred, Wire Transfer, Cash
• Top Features: Great mobile apps, DraftKings Marketplace, DraftKings Dynasty Rewards Program
• Customer Support: Email, Live Chat (24/7), FAQ, Mail
• Overall Bonus Rating: 4.5/5

Pros

Weekly tournaments with huge payouts

The ability to create Daily Fantasy Sports leagues with your friends

Many sports to choose from

Cons

A complex rewards system

Withdrawals can sometimes be slow

FanDuel Kentucky: Up to $1,000 Risk-Free First Bet

FanDuel sportsbook offers great perks in 18 states so far, and it'll become a legal sports betting site for Kentucky residents in late 2023. Here new players can look forward to the welcome offer and start wagering on tons of sports.

• Potential FanDuel Offer: Up to $1,000 no-sweat first bet
• Common FanDuel Promotions: The player Profit Boost, a referral bonus, a welcome promo
• FanDuel Loyalty Program: Fantasy Rewards Center – offers several tiers and rewards, including bonus bets, cashback prizes, and other loyalty rewards
• Payment Methods: Credit/debit cards, PayPal, TVG Prepaid Card, Green Dot MoneyPak, PayNearMe, Wire Transfer, Money order/e-check
• Top Features: First-grade mobile apps, TV & FanDuel+, bet slip, Rewards Center
• Customer Support: Live Chat (24/7), Email, Callback, FAQ
• Overall Bonus Rating: 4.7/5

Pros

Live player prop stats with real-time results

Players can create custom parlays with alternate lines

Good primary and secondary markets

Cons

Certain markets don’t allow bet cancellation before the match starts

Geolocation issues occur when using the app

Pointsbet Kentucky: Bonus Bets of Up to $2,000

There are 14 states where you can place bets on popular events at  Pointsbet Sports , including NJ, NY, and IA. The operator offers many betting markets, leagues, and championships for your betting sessions. Make an account and get a second chance to grab the great welcome deposit bonus.

• Potential Pointsbet Offer: Bonus bets of up to $2,000
• Common Pointsbet Promotions: $2,000 of bonus bets
• Pointsbet Loyalty Program: Rewards program – place $5 Fixed Odds Bet to get 1 reward point, $100 Live Same Game Parlay to get 100 points (1,000 points equal to $10 Bonus Bet)
• Payment Methods: Visa, Mastercard, Paypal, PWMB
• Top Features: Excellent mobile applications, live streaming, live betting, and various leagues available
• Customer Support: Email and Live Chat (24/7)
• Overall Bonus Rating: 3.8/5

Pros

Provides spread betting

User-friendly app

Excellent customer service

Cons

Can lose more than what you bet

Missing phone support

Other Sportsbooks & Betting Apps We Might See Launching in Kentucky

The Kentucky sports betting saga will start a domino effect because of which many operators will spread in the Bluegrass state. Some of the potential candidates include FanDuel, BetMGM, WynnBET, BetRivers, PointsBet, and FOX Bet. It's also expected for all to create dedicated mobile apps for Android and iOS devices.

How Sports Betting Promotions Would Work in Kentucky

Kentucky sports betting will provide high-quality content for sports bettors. Taking examples from already existing bookies, KY will most likely offer tons of different sports to bet on, including horse racing. The odds will be competitive, and there will most certainly be various betting options to wager on.

Types of Sports Betting Promotions Likely To Be Offered by Kentucky Sportsbooks

Once Kentucky gives the green light to legalize sports betting, you can expect to see some of the following promotions.

• Welcome Bonuses

  Welcome deals are meant for newbies only and give out great rewards. There could be only one prize at stake or several.

• Bonus Bets

  Bonus bet offers are the most frequent type of promo. These can come as part of the welcome promo or any other bonus and allow players to use free cash to bet on events such as horse racing, football and more.

• NBA Offers

  Considering basketball is an insanely popular sport, operators tend to have deals where players can bet on the NBA. These deals also have specific odds and deposit requirements.

Many of the bookies in line for Kentucky's sports betting acceptance have various promotions specifically for big sporting events. Naturally, some of these would make their way into KY as well. For example, DraftKings NBA bonuses are likely to be added to its KY site.

Special Sportsbook Promotions for Kentucky Sports Teams

The KY betting scene has a lot of potential. Operators will most likely offer some unique features, competitive odds, no deposit bonuses and special bonuses for Kentucky teams. For instance, you might see promos linked to sports teams like the Louisville racing football club.

Probable Terms & Conditions For Kentucky Sportsbooks

Kentucky sports betting will be constructed of the usual terms and conditions other sportsbooks have. All legal online sportsbooks submit to the sports betting bill, which means this state's players will play in a safe environment.

Kentucky Sportsbook Bonuses Age Limit

One of the basic requirements will be that players are of legal gambling age before they start wagering on various sports markets.

Geo Location

The GEO location allows betting in Kentucky to be available for Kentucky residents only. This term will be mandatory for the KY sports betting bill to wave.

Sign Up Offer Eligibility

Sports betting bonuses will be available for Kentucky sports betting. However, legal sportsbooks will allow players to engage with such deals only after making a sufficient deposit.

Kentucky Bonus Offers Limit per User

Players can gain bonus sports wagers; however, these wagers have limits per user. Welcome bonuses and no deposit bonuses, for instance, can be claimed only once. Some reload bonuses, on the other hand, can be claimed daily, weekly, monthly, or once a year.

Wagering Requirements

Rollovers tell bettors how many times they have to play through their bonus amount before they can withdraw. KY players can expect an industry average of 25x-30x.

Qualifying First Bet

As with all bookies, KY residents can expect all sportsbooks in the state to have a minimum deposit to start their gaming. This will follow industry standards of $10-$20.

Verified Gambling Account

Once you open a new account, you must verify your identity to become a player legal in Kentucky. You can do this by uploading necessary documents such as ID, passport, utility bill, and so on.

Kentucky Sportsbook Promo Expiry

All bonuses have an expiry date or time. Be sure to read the T&C so you can complete the requirements before your funds cease to exist due to the promotional period.

Minimum Deposit and Minimum Odds Requirements

To continue your KY sports betting adventure, you will have to follow the rules of minimum and maximum odds requirements. These will be stated on the promo or in the bonus T&C.

Payment Methods Limits

All banking options have maximum and minimum limits. You will have to respect this if you want to have successful transactions to deposit or after winning.

Tax on Winnings

According to state lottery laws and regulations, sports betting in Kentucky after launch is taxable. The state has a 14.25% tax on Kentucky online sports betting.

You can expect betting in Kentucky to be very similar to betting in other states. Once bookies are properly regulated and legal in Kentucky, there will be various Sportsbook promos and bonuses available after launch, such as bonus bets, cashback, and match-up bonuses.

Citizens from non-legalized states who want to bet online can do it by visiting a state in which online gambling is legal. The laws and regulations state that players don’t have to specifically reside in a certain state but rather be physically present.

That means that locals in non-legal states can take advantage of online sportsbook promotions while staying within the bounds of the law by travelling to other states where sports betting is legal. Betting apps are also an option.

Common Questions

• Can I sign up and claim a bonus at offshore betting sites?

  Yes, it is possible, but not recommended. You may have trouble verifying your account, and if the operator uses high security, you won’t be able to prove your identity which will prevent you from making transactions.

• What are the risks involved when claiming bonuses from offshore sportsbooks?

  If you happen to successfully claim a bonus from an offshore sportsbook, then be prepared to face some difficulties. These can come in many forms, like not being able to use certain services and/or user-specific features. You may also have trouble cashing out.

• Can I sign up and bet at online sportsbooks in states where they are legal?

  Yes, if the sportsbook you are interested in operates legally, you are more than welcome to make an account. After doing so, you will have to verify your identity by uploading documents. Once you are done, make a down payment and start betting.

• What exactly are online sportsbook promotions and how do they work?

  Online bookie promos give out different prizes such as deposit matches, odds boosts, cashback rewards or perks related to the loyalty program at the bookie. These are used to attract audiences to the websites, including new customers.

• What are sportsbook promo codes?

  The purpose of a promo code is engraved in its name, i.e., they are used to promote a certain sportsbook. A promo code can only be used once and can be attached to various deals. You will mostly find these codes to be a part of a welcome bonus.

• How often are sportsbook promo codes usually updated?

  The availability of a promo code can vary depending on the operator. They come and go unannounced. Usually, they last for a week or month, depending on the event they're tied to.

• Will I be able to create multiple accounts at different sportsbooks?

  Yes, players are allowed to create one account per website. However, those who try to create multiple accounts on the same site might get banned, have their accounts frozen, or not be able to use some services.

• How long does it normally take to receive Bonus Funds to your account?

  It depends on two things: the operator and the banking option you use. Most operators have instant deposit options, meaning the funds you deposit will be on your balance within a few minutes or even less.

• Why Do Sportsbooks Offer Betting Promo Codes?

  A betting promo code opens up an opportunity for registered players to obtain various goods. These features are for additional protection and for promoting the website. They can be used only once and for various betting activities, including horse racing and race betting.

Learn More About Online Sports Betting in the US

Sports betting in the US doesn’t vary drastically from one state to the next. However, each state has specific rules, laws, and regulations. So before choosing wagering on any site, check these rules to be on the safe side.

Kentucky Sportsbook Bonuses FAQs