Ohio Sports Betting Promos: Pre-registration is open

Updated October 1, 2022

Ohio Pre-registration Promos are Now Available

ohio sports betting promos

FanDuel became the first sports book to open its pre-registration window in the state of Ohio. This means that Ohio betting promos are officially live!

FanDuel Sportsbook

FanDuel Ohio!

GET THE APP

SIGNUP BONUS

$100 + PROMO AT LAUNCH!

PRE REGISTRATION!

GET IT NOW!

How does pre-registration work? By signing up for FanDuel early during pre-registration, you will get an additional $100 site credit bonus on top of whatever welcome bonus FanDuel offers come January 1, when betting goes live. It’s free money!

It only takes a few moments, so if you plan to get in on the action in Ohio sports betting, you may as well take advantage of pre-registration and load up on the bonus value. Click this link to open the FanDuel pre-reg window, then fill out your name, email and other information they request. When you go back into your account on January 1 to activate and start sports betting, FanDuel will credit you an additional $100 in site credit on top of whatever welcome promo offer you opt-in to on Jan 1 as well. It’s a no-brainer.

Click here to pre-register on FanDuel, and score a $100 bonus before the sports book launches on 1/1/23.

Quick Ohio Sports Betting Promos Facts

When a new state opens legalized sports betting in the U.S., the major sportsbook operators typically will offer a wide selection of attractive promos and bonuses to attract new users to their platforms. The launch of Ohio sports betting is going to be a very big deal for the operators and we can expect Ohio sports betting promos to be very attractive.

Sportsbooks that will launch in Ohio

The following sportsbooks have online sports betting license partnerships that have been approved by the Ohio Casino Control Commission. They will likely launch on Jan. 1, 2023.

ohio sportsbooks

Other Ohio pre-registration promos coming?

As we look toward the Jan 1, 2023 launch of Ohio sports betting, we will track where all the major sportsbooks are with regards to when they will open up pre-registration for Ohio sports bettors and what kind of bonuses to expect.

FanDuel was the first sportsbook to open up pre-registration promos and bonuses in Ohio on October 1.

Click here to pre-register on FanDuel, and score a $100 bonus before the sports book launches on 1/1/23. FanDuel opened up early, on October 1, for Ohio users to start signing up and score a free $100 bonus on top of whatever other welcome bonuses are available when Ohio launches.

FanDuel Sportsbook

FanDuel Ohio!

GET THE APP

SIGNUP BONUS

$100 + PROMO AT LAUNCH!

PRE REGISTRATION!

GET IT NOW!

What we saw in Kansas ahead of the Sep 1, 2022 launch

Kansas is the most recent state to launch legalized sports betting. We can review the pre-registration promos we saw in the state as a way to speculate on what we might see in terms of Ohio sports betting promos this fall ahead of the Jan 1, 2023 launch date.

Kansas pre registration example

Here are the Kansas pre-registration promos we saw leading up to Sep 1, 2022:

DraftKings, Fanduel and Barstool all offered a fairly standard $100 pre-registration bonus for Kansas sports bettors. BetMGM came over the top with an impressive $200 offer. The great thing about the pre-registration bonuses is that these are on top of typical new user promos that come with signing up for the book. em>An exception to this is the BetMGM $200 pre-registration bonus we saw in Kansas. Because this was a heftier pre-reg bonus, users who took advantage of this were not able to also opt-in to a typical new user promo.

Here’s how it works:

  1. Take advantage of the pre-registration bonus link and create your account.
  2. On launch day, you’ll see the pre-registration bonus amount in your account. You can immediately use this money on bets without risking any of your money.
  3. You can still make a deposit and take advantage of a new user promo such as DraftKings “Bet $5, get $200” offer that has been available at the start of the 2022 football season. Again as mentioned above, BetMGM was an exception to this “now + later” arrangement during the Kansas launch.

The top sports betting promos

DraftKings $50 risk-free bet + $1,000 deposit bonus

DraftKings Sportsbook is one of the industry leaders around the country in online sports betting. Simply put, the company is a powerhouse with excellent technology and product offerings paired with attractive user bonuses and promos. DraftKings has already made it clear that the company plans to be a major player in the Ohio sports betting market.

DraftKings Sportsbook

States: NY, AZ, MI, TN, PA, NJ, VA, CO, IL, MI, WV, IA, WY, IN

GET THE APP

DEPOSIT BONUS

$1,050

$50 RISK-FREE BET + $1K DEPOSIT BONUS

BET NOW

DraftKings Sportsbook’s top new-user promo is an outstanding $1,050 sportsbook bonus ($50 risk-free bet and $1,000 deposit bonus). We expect the DraftKings promos to at least match the quality of this offer when sports betting goes live in Ohio on Jan 1, 2023.

FanDuel’s $1,000 No-Sweat First Bet

Many consider FanDuel Sportsbook to be the leading sportsbook in the U.S. The company has been a powerhouse starting with some of the states to the east of Ohio such as Pennsylvania and New Jersey. Fanduel remains one of the most well known brands in the ultra-competitive sports betting industry. The app is easy to use and the company continues to invest and up its game with respect to its online offerings.

FanDuel Sportsbook

States: NY, AZ, MI, TN, PA, NJ, CO, IL, WV, IA, VA, IN, CT

GET THE APP

SIGNUP BONUS

$1,000

NO-SWEAT FIRST BET

BET NOW

While we await Ohio specific promos, we know that Fanduel will at least offer its leading No-sweat bet promo to users of the Buckeye state. Fanduel’s $1,000 No-Sweat First Bet remains an attractive offer allowing users to get a refund of any losses on their first bet after joining the platform, up to $1,000.

Barstool Sportsbook

The state of Ohio is going to be a major battleground for the folks at Barstool Sportsbook. Barstool’s parent Penn Entertainment already has existing land-based casinos in the state, and Barstool’s existing fandom across the state with NFL and college football fans make Ohio prime for the picking for Barstool Sportsbook user acquisition. Ohio residents will have the unique opportunity with Barstool where the Penn rewards program allows Ohio residents to earn points and rewards both online on the Barstool Sportsbook app and at the casinos in the state. Moreover, Barstool is opening a retail sportsbook at the Hollywood Toledo casino. Simply put, the Barstool presence in Ohio will be massive.

Barstool Sportsbook

STATES: AZ, CO, IL, IN, MI, NJ, PA, TN, VA, IA

GET THE APP

CODE: SATURDAY1000
CODE: SATURDAY1000
SIGNUP BONUS

$1,000

RISK-FREE

BET NOW

Barstool currently has its standard $1,000 risk-free bet for new users who join the platform. In all liklihood, when Jan 1, 2023 rolls around, Barstool will up the ante and offer even more. We’ll be monitoring closely. You can take advantage of the $1,000 risk-free bet now.

What kind of sports betting promos should we expect in Ohio?

If you’ve followed sports in general in the last few years, you’ve undoubtedly seen the barrage of sports betting promos aimed at new users (especially when a new state launches online sports betting). The reality is that sports betting is a big business, and the major sportsbook operators are willing to spend aggressively to attract users to their platform in the midst of a very competitive environment.

Above we mentioned that pre-registration bonuses will likely roll out in Ohio ahead of the Jan 1, 2023 launch this fall, possibly even as early as October. We also noted that when Kansas launched in September 2022, the pre-registration bonuses typically took the form of a $100 bonus in which the users could use for “free bets” basically. But what kind of Ohio sports betting promos should we expect once the state launches and continues into 2023? Let’s take a look at what Ohio bettors can expect.

What you should know about promos

When sportsbook look out over a long-term time period, they know they will “win” in the sense that they will make money on sports bettors. How sportsbooks make money is an indepth topic and is out of scope for this page, but let’s just say, sportsbooks are in business to make money. However, sign-up bonuses can “level the playing field” short-term for the sports bettor. The operators then bank on users sticking around and betting on their platform for years to come, recouping the acquisition costs of the paid-out bonuses and eventually turning positive into profit for the operator.

Math nerds and obsessive sports bettors have shown a knack in the past for combining lucrative sign-up bonuses and promos across sportsbooks to either amass a sizeable bank roll for future betting or simply execute complex hedging systems to guarantee profit. A reddit user detailed one such strategy when sports betting opened in New York, but be warned, this stuff can get complex and make your head spin.

Interestingly, New York had a small number of sportsbooks go live upon its launch whereas Ohio will have many more sportsbooks entering the market simultaneously. Theoretically this can lead to even more opportunity in combining new user bonuses and executing various hedging strategies.

The risk-free or “no sweat” bet

the risk-free bet is a common promotion we see from a number of sportsbook operators. Essentially how it works is that a new user can make a deposit and make a first bet. If the bet loses, the sportsbook will refund the losses into your account with a maximum of something like $1,000. But you can’t go and withdraw that refunded amount. You’ll have to bet it, then if you win money, you can withdraw that money.

Don’t get me wrong, it’s a good offer for new users. It completely removes the risk of the initial bet… sort of. Again, you can’t pull out the money that the sportsbook refunds you if your initial bet loses. So, factor this in when you are deciding deposit and bet amounts as you get started. Critics of this type of promo often say that this can type of sports betting promo can normalize betting larger amounts that a user might normally be comfortable risking. Well, yes. Sportsbooks are eager for you to bet larger amounts. Remember to bet responsibly.

Deposit match bonuses

Another form of sign-up bonus or promo can be the deposit match bonus where the sportsbook will match your initial deposit up to a certain amount. Again, you might see this as a $500 cap or $1,000 cap. And, similarly to the risk-free bet bonus, you usually cannot withdraw this amount. These bonus funds are there simply to bet. To pull the money out, you’ll have to bet it, and win money that can then lead to withdrawals.

Odds Boosts

Odds boosts promos often get a lot of attention in places like social media because they are positioned as fun, no-brainer outcomes for users that signup and start betting. Typically what will happen is that the sportsbook will increase the odds of a certain wager to entice new users.

A well known example is from The Masters in 2019 when Tiger Woods who was behind the leader by a couple shots was listed at 3-1 odds to win the tournament. DraftKings decided to boost the odds up to 10-1 for bettors in New Jersey. Tiger went on to win at Augusta, and DraftKings ended up paying out a hefty chunk of change to bettors who took advantage of the odds boost.

Odds boosts are often used by sportsbooks not only to entice new users, but to keep existing users engaged with the platform.

Sports specific promos

Sportsbook operators will often market sports specific promos such as a bonus amount of money as a result of a certain event happening. Recent examples here can include things like if you bet $10 on an NFL game, you will get a $100 bonus if either quarterback throws for a touchdown. These are often positioned as no-brainer, new user promos that lead to quite a bit of new user sign-ups for the operators.

Parlay insurance

Users will sometimes be offered parlay insurance where you get your losses refunded in the event that your parlay bet loses as a result of losing only one leg of the parlay. For example, if you string together 3 NFL spread bets into a single parlay bet and two of the three legs hit, a promo may refund your bet as a result of “almost” winning the parlay. Typically these bets have a maximum amount that can be refunded and also require a minimum of legs to be included in the parlay.

Understanding the Ohio sports betting legislation

After plenty of negotiations, Ohio lawmakers passed legislation HB 29 on December 8, 2021. The bill was subsequently signed into law by Ohio governor Mike DeWine. The bill legalized sports betting throughout the state at brick-and-mortar facilities as well as through online offerings.

The bill establishes the Ohio Casino Control Commission (OCCC) to legislate sports gaming through the issurance of three license types: Type A, Type B and Type C. Type A licenses are for online mobile gaming operators and will be limited to 25 licenses at a time. Type B licenses are for brick-and-mortar operators and will be limited to 40 licenses. Type C refers to self-service terminals and will be limited to 20. License terms are five years.

The state will tax all net revenue of sports betting operators at a 10% tax rate. Additionally Type A licenses will come with a fee ranging anywhere from $2.5 million to $500,000. Type B and Type C licenses will come with a fee ranging from $50,000 to $100,000.

Ohio licenses and partnerships between professional sports franchises and sportsbook operators

The Ohio sports betting legislation requires online sports betting operators to partner with an entity that has a retail sports betting license. In Ohio, this means online sports betting operators must partner with either an Ohio casino or a professional sports franchise in the state. While early drafts of the legislation had Ohio casinos in favorable position, the professional sports teams fought to be on a more even footing for the licensing process for Ohio sports betting. And now we can see that this fight has indeed paid off as many of the sports franchises have struck deals with operators.

sports betting team franchise licenses and partnerships

Here are the updated licenses and partnerships in Ohio:

So why is this important? Well, there are some very interesting ramifications here. First, the professional sports franchises are in on the sports betting scene in a major way in Ohio. This means that they will be receiving revenue share on the sports betting revenue. The operators will take a major of the revenue share since they’re doing most of the heavy lifting of course, but the sports teams will get their cut.

Secondly, you’re going to see sports betting facilities in and around professional sports stadiums in Ohio. The Cleveland Cavaliers will be partnering with Fubo Gaming on Fubo’s online sports betting app, but they are partnering with Caesars Sportsbook on a retail sports betting location inside the Cavaliers stadium. NFL rules prohibit sports betting inside NFL stadiums on gamedays, but the teams are getting around this by placing retail sports betting lounges and facilities just outside the stadium (while still on the grounds). The Browns, for instance, have already announced a Bally’s themed lounge that will be on the grounds of the football stadium.

Is this unique? Sports betting partnerships with professional sports franchises are not unique to Ohio, but the scale and immediacy we will see in Ohio might be unique. The reality is that you combine the online sports betting operators entering the state, the land casino presence, the partnerships with the sports franchises and you’ve got a serious sports betting scene rapidly approaching in Ohio. Oh, right… did we mention that there are going to also be 1000+ sports betting kiosks and restaurants and bars around the state? Ohio might rapidly become the no. 1 sports betting market in the country in 2023.

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