The following guide contains a shortlist of Iowa sports betting bonuses from legal Iowa sports betting sites. We discuss the most common bonus offers and how to claim a new customer bonus. We’ll also provide an example bonus for you get a feel for how they work.
Though a new customer bonus may appear to be free cash, you should really treat it just like play money. The bonus’ terms and conditions, combined with the sportsbook’s house rules, make it near impossible to come out ahead. Additionally, Iowa state regulators closely monitor promotional offers to ensure sportsbooks aren’t misleading customers or mispresenting the offer’s rules and limitations.
Iowa players should view sports betting bonuses as a way to test drive a sports betting site at minimal risk to their bankroll. If you’re reluctant to take the bonus, you don’t have to claim it. In fact, we actually advise you to contact customer service and refuse most offers, as they simply won’t work in your favor.
Most importantly, you’ll get to know our featured Iowa sportsbook, BetWay, and the various bonuses and promotions it offers to Iowa players.
| Bonus | |
|---|---|
 #1 BetWayREVIEW | $250 Bonus Bet with First Wager Bet Now 21+ Play in IA only Gambling Problem? Call 1-800-BETS-OFF |
 #2 BetMGMREVIEW | New Customers - Up to $1500 Paid Back in Bonus Bets Bonus Bets Expire in 7 Days One new customer offer/Add'l Terms Bet Now 21+ Play in IA only Gambling Problem? Call 1-800-BETS-OFF |
Table of Contents
Types of Bonuses
Iowa sports betting bonuses commonly fall into one of three categories depending on the customer’s relationship with the online sportsbook. For example, new customers are typically offered a one-time bonus to get them through the door. Then, once they’ve been playing for a while, they’ll be able to claim bonuses targeted to existing customers.
Common Types of Iowa Sports Betting Bonuses
The following are different types of betting bonuses. Though the exact categories may vary depending on the particular sportsbook, these are the most common we’ve seen at various legal sports betting sites.
- New Customer Bonuses – Sportsbooks want to earn your business with a generous welcome offer. Note that the sportsbook’s rules will prohibit you from combining a new customer bonus with other offers.
- Existing Customer Bonuses – Commonly targeted to specific sports and wagers, with seasonal availability by sport or event.
- Free Play Contests – Available to all customers. Examples include Pick’em games, novelty video games for prizes, football squares, etc.
- Customer Loyalty Programs – Though not technically a bonus, joining a loyalty program can lead to gifts, special offers, and other perks.
- VIP Benefits and Promotions – Special rewards, prizes, a dedicated host or concierge, and preferential treatment for high-end players.
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Iowa Sports Betting Bonuses
Check out these bonuses from BetWay, one of our top sports betting sites. Note that the availability of bonuses can vary depending on your particular state and sportsbook. For example, an offer that’s available in one state might not be available in another due to a state’s gaming laws or regulating agency’s policy position.
In general, most sportsbooks, including BetWay, offer the same bonuses across all states for the assurance and convenience of their customers.
- First Bet Reset – If your very first wager loses, you’ll get a bonus bet equal to the amount of your first bet, up to a specific limit. BetWay commonly limits its First Bet Reset to $250, though this might increase during peak customer acquisition periods.
- Anytime TD Multiplier – Place a $10+ wager on any of BetWay’s Anytime Touchdown players. You’ll 2 times your winnings when your player scores 2 touchdowns, or 3 times your winnings if they score 3 touchdowns.
- Parlay Club Bonus Bet – You’ll earn a $10 bonus bet when you place $25+ or more in 3+ selection parlay bets. Don’t forget, you’ll have just 7 days to use your $10 bonus bet.
- Early Cash Out – Take your winnings before an event ends, or give up early on a losing wager. The exact cash out amount will vary depending on the type of wager and the current live status of the event.
- Free Play Contests – Though BetWay doesn’t offer as many contests as its competitors, be sure to review the promotions menu as major events such as the Super Bowl, March Madness, College Football playoffs, and NBA Finals approach.
BetWay Signup Bonus
BetWay has a respectable new customer bonus offer that matches up well against most of its competitors. However, you’ll need to claim the promotion quickly and then use any bonus money following a losing qualifying wager as soon as possible. Unlike other sports betting sites, BetWay assigns a shorter expiration date to its bonuses.
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BetWay Sports Welcome Offer
The following are some key points regarding BetWay’s signup bonus offer. Also be aware that this offer’s availability may vary from state to state.
- You must opt in to the bonus after making a qualifying deposit.
- If your first real money wager loses, you’ll get bonus bet funds equal to value of your first bet up to $250, depending on your state.
- Bonus Bet funds will be credited to your account within 36 hours of when your losing wager settles.
- If the first bet is a winning wager, no bonus bet funds will be awarded. Instead, your account will be credited with the wager’s winnings as normal.
- Bonus Bet must be used within 7 days.
- Can only be used at BetWay Sportsbook.
Bonus Details
There’s some fine print to keep in mind about BetWay’s signup bonus. There are some restrictions and conditions that you should be aware of before using the bonus.
- First deposit must be $10 or more.
- Only new BetWay customers in select states can claim the bonus.
- The qualifying first wager must have odds of at least -300.
- If you win, BetWay will only credit your account with the wager’s profits. Your original bonus bet stake will not be returned.
- If you cash out the qualifying wager early, you will not be eligible for this promotion.
- The qualifying wager must not be placed at enhanced odds, for example “BetWay Boosts” or “Super Boosts”.
Gambling Problem? Call 1-800-589-9966
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Other BetWay Promotions
BetWay has a number of exciting offers for both new and existing customers. Be sure to review the promotions menu every couple weeks to see what’s available. Major events like the Super Bowl, March Madness, and NBA Playoffs will prompt their own temporary promotions and specials.
- Anytime TD Multiplier – Place a $10+ bet on an “Anytime Touchdown” scorer. Earn a bonus bet for each extra touchdown scored, up to 2 touchdowns. Maximum of $200 in bonus bets per each “Anytime Touchdown” wager, with a $600 maximum earned per week.
- Parlay Club – Bet a $25+ on 3+ selection parlay or 3+ selection Same Game Parlay with minimum odds of +200 to earn a $10 bonus bet. Your wager must be placed during the weekly offer period. BetWay’s Parlay Club is available to both new and existing customers.
- Live Dealer & Table Games 25% Cashback – New BetWay casino customers can get 25% cashback up to $250 on net losses incurred from playing live dealer or software table games.
Gambling Problem? Call 1-800-589-9966
Bet Now BetWay Ohio
How to Claim An Iowa Sports Betting Bonus
Time needed: 2 minutes
The following steps explain how to apply a bonus code to your new or existing Iowa sports sports betting account.
- Access your sportsbook account.
Register a new account using one of our recommend sports betting sites or access your existing account.
- New customers must enter all their personal details to create a new account.
Be sure to enter your name, email address, cell phone number, and physical address. You’ll also need to provide the last four digits of your Social Security Number for identity protection purposes.
- Apply the bonus code to your account.
New customers must enter the code in the “promo” field on the new account form. Existing customers must select an offer from the promotions page to apply it to their account.
- Deposit money if necessary.
Deposit funds to your account if the bonus requires an immediate deposit. Use your Visa, MasterCard, or Discover credit or debit card.
- Place qualifying wagers to meet the promotion’s requirements.
Some sports betting bonuses come with minimum wagering requirements, rollovers, and other terms and conditions. Make sure to place qualifying wagers to satisfy the promotion’s requirements.
| Bonus | |
|---|---|
| #1 BetWay REVIEW | $250 Bonus Bet with First Wager Bet Now 21+ Play in IA only Gambling Problem? Call 1-800-BETS-OFF |
| #2 BetMGM REVIEW | New Customers - Up to $1500 Paid Back in Bonus Bets Bonus Bets Expire in 7 Days One new customer offer/Add'l Terms Bet Now 21+ Play in IA only Gambling Problem? Call 1-800-BETS-OFF |
FAQs About Iowa Sports Betting Bonuses
Though a new customer bonus may appear to be free cash, you should really treat it just like play money. The bonus’ terms and conditions, combined with the sportsbook’s house rules, make it near impossible to come out ahead. Additionally, Iowa state regulators closely monitor promotional offers to ensure sportsbooks are not misleading their customers.
If you’re reluctant to take the bonus, you don’t have to claim it. In fact, we actually advise you to contact customer service and refuse most offers, as they simply won’t work in your favor. Iowa players should view sports betting bonuses as a way to test drive a sports betting site at minimal risk to their bankroll.
If your very first wager loses, you’ll get a bonus bet equal to the amount of your first bet, up to a specific limit. BetWay commonly limits its First Bet Reset to $250, though this might increase during peak customer acquisition periods.
This exciting promotion is available to both new and existing BetWay customers. Place a $10+ wager on any of BetWay’s Anytime Touchdown players. You’ll 2 times your winnings when your player scores 2 touchdowns, or 3 times your winnings if they score 3 touchdowns.
You’ll earn a $10 bonus bet when you place $25+ or more in 3+ selection parlay bets at BetWay. Don’t forget, you’ll have just 7 days to use your $10 bonus bet.
BetWay let’s you take your winnings before an event ends, or give up early on a losing wager. The exact cash out amount will vary depending on the type of wager and the current live status of the event.