Best Kentucky Sportsbook Promo Codes & Bonuses for 2023

Football fans will have to wait for NFL promos, but there are plenty of potential Kentucky Sportsbook bonus code offers for action on MLB, NBA, and NHL markets. For example, the BetMGM Kentucky bonus code for new players offers a refund on first bets up to $1,000. Here are the best KY betting bonus codes from big brands expected after launch.

FanDuel Kentucky Promo

Lower the risk on your first wager with the No Sweat First Bet FanDuel Kentucky Bonus Code. Get up to $1,000 back on your first bet if it settles at a loss. Refunds are issued as bet credits that can be used on multiple wagers with minimum odds of -300. Qualify for this Kentucky betting promo code by making a deposit and wager of $10 or more after signing up for a new account. 

DraftKings Kentucky Promo

Boost your bankroll by up to $1,000 with the Deposit Match DraftKings Kentucky Bonus Code. New users get a bet credit worth 20% of the first deposit up to a maximum of $1,000. Deposits must be at least $5 and go up to $5,000 to get the full bonus amount. Players will receive $1 in bonus bets for every $25 wager on sports, casino games, or DFS. 

BetMGM Kentucky Promo

Get free bet insurance with the BetMGM Kentucky Bonus Code for new users. First wagers that don't win get a refund in bet credits worth up to $1,000. Bonus bets are paid out in 20% denominations equal to the total wager amount. For example, if you lose a $1,000 wager, you will receive five $200 bet credits with this Kentucky sports betting bonus code. 

Caesars Sportsbook Kentucky Promo

Level the playing field on first bets with the New User Caesars Kentucky Bonus Code. Get up to $1,250 in bonus bets if you make a bad call on your first wager. New players also get 1,000 Tier Credits and 1,000 Rewards Credits for eligible first bets, win or lose. These can be redeemed for free bets, faster payouts, and other perks. 

Operators use special Kentucky sports betting promotions to encourage friendly competition between sports betting apps. Keep your eyes peeled for these other potential KY betting promos that pack more value into your plays once sports betting is live. 

Seasonal Promo Codes

Seasonal Kentucky sports betting promos rotate with major holidays. Bookies usually roll out a bunch of KY betting bonuses around Thanksgiving and Christmas. Black Friday is another big bonus holiday. These promotions are slightly higher and more frequent than the regular season lineup of bet credits, boosts, and insurance. Some operators even pair promos with donations to charitable organizations.

Sports-Specific Promotions

Sport-specific Kentucky Sportsbook promo codes apply to select markets or matchups. Some examples of sports-specific promos are NFL parlay boosts or MLB bet insurance. KY sports betting promo codes for specific matchups cater to big events like the Stanley Cup playoffs or the Super Bowl. Time limits on these promotions can run all season long or for short periods on set games. 

Reduced Juice Wagers

Reduced juice Kentucky betting promos function in relatively the same way as odds boosts with a slightly different approach. Odds boosts shift lines in favor of the player, which are generally on an underdog outcome. Reduced juice lowers the house edge to post a smaller win or break even. Players either win more or lose less over the long term.

Free Parlay Insurance 

Kentucky sports betting promo codes for parlay insurance add a safety net to your wagers with multiple selections. This offer will refund your stake up to a certain amount if every leg hits except one. These KY Sportsbook promotions usually have requirements for the number of selections and minimum odds. For example, a parlay insurance promo could call for at least three legs at odds of -200 or longer. 

VIP Rewards

Loyalty rewards are usually accumulated as points for placing sports wagers. These points can be redeemed for bet credits, special Kentucky betting bonus codes, and other offers. Some sports betting sites also use a tiered rewards system. Each level requires a certain amount of points to unlock perks like faster payouts, dedicated customer service, and exclusive events.

Kentucky Sportsbook promo codes will have different names depending on the operator, but most bonuses fall into the same categories. These are the most popular KY Sportsbook promo code types that you can look forward to.

• Risk-Free Bets

  Risk-free bets are essentially a type of wager insurance. This Kentucky sports betting promotion refunds losing wagers in bet credits matching the original stake. Risk-free bets can be worth up to $1,000 or more, depending on the operator. These credits are typically limited to certain bet types like totals and moneyline bets.

• Deposit Bonuses

  Deposit bonuses are a popular Kentucky betting promo welcome offer. New players will get a bet credit matching the first deposit up to a certain amount. For example, let's say the deposit bonus is worth $500. A deposit of $500 will earn $500 in bet credits to use on over/under bets, straight bets, parlays, and other types of wagers.

• No-Deposit Promo

  No-deposit bonuses are the best Kentucky Sportsbook promotion. Players get a free bet credit without making a cash deposit. The bonus amount is often low, but it's often tied to a large welcome offer. Most no-deposit bonuses have a minimum odds requirement and market restrictions (e.g., point spreads with -200 odds or longer).

• Reload Bonuses

  Reload bonuses are similar to a deposit match. These Kentucky Sportsbook promotions offer bet credits for new cash deposits from existing players. The credit is generally a percentage of the deposit amount. For example, a 25% reload bonus for a $500 deposit would earn a $125 bet credit.

• Referral Bonuses

  Referral bonuses reward players for recruiting friends. These Kentucky sports betting promo codes offer bet credits for each friend a player signs up using a referral link. New referrals usually have to make a first deposit before the bonus is paid. Bonus amounts vary among operators.

• Boosted Odds

  Boosted odds are the top Kentucky Sportsbook promos for competitive line pricing. This type of promo offers better odds on specific games. Bookies end up taking a lower vig, which increases potential profits at no extra cost to the bettor. Most odds boosts are only available for 24 hours.

Players should always check the fine print before using a Kentucky betting bonus code. Eligibility requirements will vary among bookies and bonuses. Use this list as a reference for the most important terms to know about KY Sportsbook promo offers. 

How Do Sportsbooks Pay Out Bet Credits?

Sportsbooks pay out bet credits in a few different ways based on the KY sports betting promo code. Bet credits are issued as a lump sum or multiple credits.

Some bonus bets are released in smaller increments over time. Players will only receive bet credits after meeting the Kentucky Sportsbook promo requirements for deposits, wagers, and playthrough. 

How Long Does it Take For Bonus Funds To Arrive?

Processing times for bonus funds are subject to Kentucky sports betting promo requirements and individual operators. Welcome bonuses for deposit or wager matches typically pay out bet credits in 1-3 days after a qualifying deposit or wager.

KY Sportsbook promo codes for "Bet and Get" bonuses or risk-free bets will deposit credits after an eligible wager settles. Bonus funds from profit boosts are paid out with profits on winning wagers. 

Playthrough & Wagering Requirements

Most Kentucky Sportsbook promo codes come with wagering requirements. These conditions are also called playthrough or rollover requirements. Players must bet a bonus amount a certain number of times before cashing out any profits. For example, a $100 bet credit with a 1x rollover means you have to wager the bet credit one time in order to make a withdrawal.  

Time Limits

Time limits refer to the promotional period or expiry date of Kentucky sports betting promos. The promotional period is the total amount of time a promo will be available (e.g., MLB parlay boosts on playoff games). Expiry dates tell you the timeframe to use a KY sports betting promotion code before it's no longer active. Bonus funds not used before the expiry date will be removed from your account.

Minimum Odds

Some operators require wagers with minimum odds to qualify for a bonus. For example, a KY betting promo could have minimum odds of -200. This means you have to place wagers with -200 odds or longer. Eligible bets could have odds of -150 or +175. Wagers at odds of -250 or -275 wouldn't qualify for the promo. 

Minimum & Maximum Wagers

Kentucky sports betting promo codes often have limits on the amount players can wager. Minimum wagers are the lowest cash bet required to qualify for a KY betting bonus. Conversely, maximum wagers are the highest amount a player can bet. These wager limits will vary among operators and promotional offers. 

Maximum Wins and Withdrawals

Maximum wins limit the total profits a player can win from a Kentucky Sportsbook bonus. Profits typically don't include the bet credit amount. For example, winning $500 on a $150 bet credit will return $350 ($500 Profit - $150 Credit = $350). Most operators also cap withdrawals at a certain amount for bonuses. 

Retail Sports Betting

Retail sports betting refers to placing wagers at a land-based casino or sportsbook. This includes racetracks to bet on horse racing in Kentucky, like Churchill Downs and Ellis Park. Retailers may offer Kentucky betting promos that aren't available on sports betting sites. However, there are currently no legal retail or online sportsbooks in Kentucky except for racetracks for horse race betting.

The Bluegrass State may not be home to any pro teams, but fans will likely find Kentucky Sportsbook promo codes for every major league. While market density fluctuates between operators, these are the most popular sports for Kentucky betting promos.

• NFL Bonuses

  NFL Kentucky sports betting promos tend to go heavy on parlay bets. The most popular NFL bonuses are for profit boosts or bet insurance on parlays. A 10% profit boost on a $30 3-leg parlay for the Colts (+170), Bengals (-250), and Titans (-250) would pay out $205.22. Parlay insurance on the same bet would refund $30 as a credit if one leg doesn't hit.

• NBA Bonuses

  Hoop junkies will find plenty of "Bet & Get" NBA Kentucky Sportsbook promo codes. Placing a minimum wager on select NBA markets (the "Bet") will earn credits (the "Get"). For example, let's say there is a KY sports betting bonus code for Bet $5 & Get $25. This offer will reward players with a $25 bet credit for placing a $5 qualifying NBA wager.

• MLB Bonuses

  MLB Kentucky sports betting promo codes swing toward moneylines and totals since these are the most popular baseball bets. It's not uncommon to see KY Sportsbook promos that pay out bet credits for an MLB team hitting a home run. Bet insurance is another big bonus category for MLB markets, especially on prop bets. Players can lower the risk on short-term predictions for hits, runs, and homers.

• NHL Bonuses

  Point spreads garner plenty of attention on the ice, which are commonly referred to as puck lines. This market sets 1.5 goals for each game, with odds adjusted accordingly. NHL Kentucky betting promos usually offer insurance to save your bankroll (and pride) from taking a big hit. Some bookies will spread insurance over the whole game, while others limit it to overtime.

• College Sports Bonuses

  Where Kentucky falls short on pro leagues it makes up for in college sports. If the state allows wagers on these markets, NCAA fans will have no shortage of Kentucky Sportsbook promo codes for college sports. March Madness and Bowl Games get most of the action on promos for free bet credits or the chance to win tickets to a game. Welcome bonuses for deposit matches or bet insurance are another way to get more out of NCAA wagers.

• Horse Racing Bonuses

  The Kentucky Derby is the world's most famous horse race, bringing in over $263 million in total wagers for 2022. Risk-free bets are the most common welcome bonus bookies use to get players on the tracks. There are also a handful of money back specials on select during the season. Super 5 and Super 8 contests can lead to big windfalls if you have one or two longer odds winners in the mix.

Major brands aren't the only bookies offering big deals. Here are some of the best Kentucky Sportsbook promos to look out for from smaller sports betting sites once KY sports betting is live. 

Top Kentucky Sportsbook Promo for NFL Bettors

Football fans can get a 100% match on first wagers with the New User Superbook Kentucky Promo. Sign up and place your first wager on -200 odds or longer on the same day and receive a matching bonus. Bet credits are applied to 25% of each wager up to a maximum of $250. 

Top Kentucky Sportsbook Promo for NBA Bettors

Boost profits on parlays with the NBA Unibet Kentucky Promo. Place a single game parlay bet on any NBA game with at least three legs that have +300 odds or higher (+400, +450, etc). Once the qualifying wager is added to your bet slip, a 25% profit boost will appear.

Top Kentucky Sportsbook Promo for MLB Bettors

Cash out before the final pitch with Baseball Early Payout Bet365 Kentucky Promo. Early cashouts apply to pre-game moneyline MLB markets if your team goes 5 runs ahead during the game. Single bets are paid in full regardless of the result. For parlays, a selection that goes 5 runs ahead is marked as won with the remaining selection(s) left to run.

Top Kentucky Sportsbook Promo for NHL Bettors

Bet $10 and get a 20% profit boost with the NHL SGP BetRivers Kentucky Promo. Qualify for this offer by placing a same game parlay with three legs or more at -200 odds or greater on a Saturday NHL game. Receive a profit boost within 30 minutes of your eligible wager to use on any NHL market within 24 hours.

Top Kentucky Sportsbook Promo for College Sports Bettors

Get casino cash for calling the wrong winner with the College Hoops Champion's Challenge Barstool Kentucky Promo. Place a $25 cash future on the winner of the NCAAB Championship. If your bet loses, you will get a $5 casino credit for every win that team has throughout the 2023 Men's NCAA Tournament (max $25). 

Top Kentucky Sportsbook Promo for Horse Racing Bettors

Get your money back on first wagers with the Welcome Bonus TVG Kentucky Promo. Your first wager must be a single-horse win bet with odds greater than +100. If the bet settles at a loss, your original stake will be refunded in bet credits up to $200. Don't forget to check the most up to date Kentucky Derby Odds before you make your wager.

The process for claiming Kentucky sports betting bonuses will depend on the terms and conditions. The NFL and horse racing promotions require wagers from new players.

Existing players must place single game parlays with at least three legs to qualify for the NHL and NBA KY sports betting promotions. Only NCAAB futures qualify for the college sports promo, while the MLB KY Sportsbook promotion only applies to pre-game moneyline bets. 

How Do I Deposit Kentucky Sportsbook Promos?

The way Kentucky sports betting promo codes are deposited depends on the operator and promotional offer. Bet credits for the NFL or horse racing promos are applied to new accounts within 24 hours of placing or losing eligible wagers.

Profit boosts for single game parlays appear on bet slips for NBA games or as an account credit after NHL wagers. Casino credits are issued after losing the NCAAB futures bet. The MLB promo for an early cash out doesn't have to be deposited. 

How to Use Kentucky Sportsbook Promos?

Players must create a new account to use the NFL and horse racing Kentucky betting promos. The other KY Sportsbook bonus codes use an opt-in button. Visit the 'Promotions' section on a sports betting site to see the available offers. Click on the opt-in button to sign up for the KY Sportsbook bonus.

Who Can Claim Kentucky Sportsbook Promo Codes?

Players must be the legal gambling age to claim Kentucky Sportsbook promo codes when they officially launch. While some promos are only for new betters, all players must be located within the state to use KY sports betting bonuses. Legal sportsbooks use geolocation software to verify where bettors are located before any of these promotions can be claimed. 

Why Do Kentucky Sportsbooks Offer Promo Codes?

Sportsbooks offer Kentucky sports betting promos for multiple reasons. The NHL and horse racing welcome bonuses attract new players with bet credits for wager matches and insurance. Profit boosts on NBA and NHL parlays encourage frequent bets. Early cashouts on MLB markets keep you locked into the action on live games. NCAAB futures promote long-term predictions.

Are Kentucky Sportsbook Promos and Bonuses the Same?

Kentucky Sportsbook bonus codes and promos are generally the same. Kentucky betting bonuses are usually tied to a payout that players receive (e.g., bet credits for a deposit match bonus). Kentucky betting promos describe an offer without a payout (e.g., 25% parlay boost). However, most operators use these terms interchangeably.

Are Kentucky Sportsbook Bonuses Worth it?

Kentucky sports betting promos are worth it when you know how to leverage them. New players can get a bankroll boost with the NFL welcome bonus or bet insurance with the KY betting promo code for horse racing.

NBA and NHL profit boosts inflate payouts without putting more cash down. MLB cashouts can help curb potential losses. Credits from losing NCAAB Championship futures are a great way to try online casino games with the same operator for free. 

Even though there's no official countdown for legal sports betting in the Bluegrass State, fans can expect to see a full lineup of Kentucky Sportsbook promotions when everything kicks off. Rookies, seasoned pros, and every bettor in between will be able to use KY sports betting promos to get more value out of every play. 

Always make sure you're claiming bonuses from legal online sportsbooks that are licensed for sports betting in Kentucky. This information should be clearly listed on the betting site. Bookmark this page to stay updated on the best Kentucky sports betting promos.