Caesars Sportsbook promo code NYPNEWS1000 is your ticket to a max $1,000 first bet “on Caesars,” meaning you’ll be refunded in bonus bets equal to what you lost if your first wager on the platform loses.
This is similar to “no sweat” bets offered by other sportsbooks.
Click here to activate the offer or enter Caesars Sportsbook promo code NYPNEWS1000 at checkout.
There are two big notes with this promo — 1) the insurance treatment will be applied to your first bet on the platform, and 2) at Caesars, you’ll get back one big bonus bet equal to what you lost, instead of several in smaller increments.
Caesars Sportsbook States
This Caesars Sportsbook offer is available in 19 states. Caesars also operates in Nevada, but requires in-person signups and has a different platform.
Here are the states where you can get the $1,000 first bet on the house:
- Arizona
- Colorado
- Illinois
- Indiana
- Iowa
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- New Jersey
- New York
- Ohio
- Pennsylvania
- Tennessee
- Virginia
- West Virginia
- Wyoming
Caesars Sportsbook Promo Example for Thursday
Time to dive into an example of how this could play out on Thursday. We’ll target Saints-Rams on Thursday Night Football.
Say I deposit $200 and put it all on Chris Olave to score a touchdown at +200.
- If Olave scores, I’ll profit $400 in cash ($200 x 2.0) and keep my original $200. I’ve now got $600 cash in my account. The promo is over, so I can withdraw all that money or keep betting.
- If Olave doesn’t score, I’ll get back a $200 bonus bet.
OK, so what can I do with this $200 bonus bet? I’ll have to wager it (successfully, of course) to turn it into actual cash.
Say I take my $200 and put it on Georgia Tech +175 in Friday night’s Gasparilla Bowl.
- If Georgia Tech wins, I profit $350 ($200 x 1.75) but I don’t keep the $200 bonus bet. So after my $200 deposit, I now have $350 cash in my account, for a total profit of $150. The promo is over and I can withdraw my money, or keep betting.
- If Georgia Tech loses, my bonus bet is gone, and my account is empty. And the promo is over.
Everything to know about this Caesars’ offer & how their bonus bets work
- You must place your first bet within 30 days of signing up at Caesars, or else you’ll forfeit this bonus.
- Your first bet “on Caesars” can be placed on any bet in any sport.
- You have 14 days to use the bonus bet if your first bet loses.
- If your bet loses, you’ll get one big bonus bet back equal to what you lost — you can’t split it up into smaller bonus bet wagers.
- Caesars Sportsbook operates in 19 states — AZ, CO, IA, IL, IN, KS, LA, MA, MD, ME, MI, NJ, NY, OH, PA, TN, VA, WV, or WY. It’s also in Nevada, but it’s a different platform and requires in-person signups.