Caesars Sportsbook Illinois review and promo code

As sports betting is legalized in more states, the biggest sportsbooks in the country offer new and existing users generous promotions for wagering on any number of professional and collegiate sporting events.

Caesars Sportsbook currently offers new users in Illinois a robust first bet promotion with the promo code TRIBUNE1000 where new users are protected in the event of an unsuccessful wager.

In Illinois, new users get their initial stake returned in bonus bets — up to $1,000 — if their first wager doesn’t win.

We’ll explain more about the Caesars Sportsbook Illinois promo code, how it works, plus the history of Caesars in the state.

Caesars Sportsbook in Illinois

Caesars Entertainment bought the Grand Victoria Casino in Elgin, Illinois, in 2018 as part of the brand’s expansion into sports betting. The majority of sportsbooks partnered with retail locations in the Land of Lincoln to facilitate entry into the online betting market.

Caesars partnered with the Grand Victoria Casino. But Caesars didn’t actually launch its mobile sportsbook until March of 2022.

The sports betting market in the Prairie State can generally be broken down by before and after the expiration of an in-person registration rule. That regulation, which was briefly put on hiatus during the COVID-19 pandemic before it fully expired in March of 2022, required any sports bettor to register in person at a retail location, instead of signing up online. States like New Jersey, Ohio, Michigan and plenty more allow users to sign up online, increasing the total sportsbooks used per person, and total betting handle. And most of the casinos in Illinois that offered in-person registrations were not close to metropolitan Chicago, limiting sign-ups at new sportsbooks.

While the initial statistics for online sports betting were impressive, the wagers and total handles ballooned in the wake of March 2022. In the first three months of 2022, there were a total of 57,635,879 online wagers with a total handle of over $1.8 billion. However, in just the next three months from March to June after the in-person registration expired, the total online wagers jumped to 79,677,176 with a total handle of over $2.7 billion — and that’s in a time with no football.

As noted, Illinois’ sports betting market has exploded since the in-person registration expired. The first three months of 2022 Caesars occupied just .5 % of those bets and roughly 2 % of the total handle. In the three months after the repeal of in-person registration however, Caesars occupied roughly 1.3 % of those bets and roughly 5 % of the total handle for online wagers, according to reports from the Illinois Gaming Board from that period. Caesars is one of just a few U.S. books to not shy away from taking big wagers, so it’s not surprising to see the handle higher than the total number of bets.

In other Illinois news, Caesars Entertainment partnered with the Chicago White Sox in May 2022 to become the official sports betting partner of the team.

While this announcement did not include a potential retail location as it did with the Cleveland Cavaliers partnership, Caesars Sportsbook will get, “prominent, TV-visible fixed signage with a right field board featuring its premier gaming destinations and channel lettering affixed to the top of the left field video board,” in the park. White Sox fans will also be able to get some exclusive promotions and content through the Caesars Sportsbook app as part of the deal.

About Caesars Sportsbook

Caesars Sportsbook, formerly William Hill Sportsbook, is owned by Caesars Entertainment Inc., based out of Reno, Nevada. Over the nearly five decades of operation, Caesars has established itself as one of the premier hotel and resort brands in the country.

Caesars, as a company, dates back to the early 1970s with the eventual development of the Eldorado Hotel. During the early period of operation up through the mid 1990s, Eldorado acquired multiple hotels and casinos like Silver Legacy Resort Casino in Reno and Circus Circus.

The early 2000s and early 2010s were periods of increased acquisition for the Eldorado company, as they acquired casinos and resorts across the world including Hollywood Casino Shreveport in Louisiana, Grand Victoria Casino in Illinois, Circus Circus in Reno and Isles of Capri Casinos.

In early 2019, a merger between Eldorado and Caesars (formerly called Harrah’s) was reported by CNBC. In the summer of 2019, Caesars accepted the offer from Eldorado.

In April 2021, Caesars acquired the sports betting company William Hill for $3.7 billion as an entry into the sports betting market.

Then, in February of last year, Caesars Entertainment was named as the official sports betting partner of the Cleveland Cavaliers with the company planning to open a more than 10,000-square-foot retail sportsbook location in the Rocket Mortgage FieldHouse.

Caesars Sportsbook Illinois promo code

Currently, Caesars Sportsbook offers new users an excellent First Bet Insurance offer. New players who sign up with the promo code TRIBUNE1000 will get their first stake back in bonus bets — capped at $1,000 — if their initial wager doesn’t win.

Critically, that qualifying wager must be made with cash.

Once the qualifying wager settles, users will get the bonus bets allotment credited to their account shortly.

Since this is a First Bet Insurance offer, a new user’s initial wager must settle as a loss for them to get any bonus bets.

To claim this offer, new users need to click the module above and input the relevant personal information to sign up for an account.

From there, they’ll need to make a small cash deposit to register their account. After that, they’re free to wager as they please.

If that initial wager hits, the new user will collect their profit and keep their stake. However, if that first wager goes south, new users will get their complete stake back in bonus bets.

How to use the Caesars Sportsbook Illinois promo code

Caesars Sportsbook’s Illinois promo code gives users some bonus bets with a small qualifying wager.

To trigger this promotion, new users need to make a real-money deposit and an initial cash wager. Wagers placed with bonus bets or betting credits will not qualify.

The bonus bets cannot be redeemed for cash or withdrawn from a user’s account but can be used for any additional wager on the Caesars Sportsbook platform.

Bonus bets will be distributed to a new user’s account within 72 hours and are valid for seven days after being awarded.

As noted, this welcome promotion is limited to new customers, age 21 and over.

Caesars Sportsbook promotions

Beyond the evergreen offer shown above, Caesars Sportsbook has a variety of different promotions for new and returning customers. Take a look at some of the highlighted promotions in the paragraphs below to get a sense of what Caesars Sportsbook has to offer.

The Masters Giveaway

Bet on any golf market for a chance to win a trip a to The Master’s. This promotion gives golf bettors or any sports fan a chance to watch the biggest PGA event of the year, in person.

This promotion is not limited to new customers as existing users will get a chance to win as well. To trigger this promotion, users need to opt-in and place at least a $10 on any golf event.

Users will get one entry for each qualifying wager on pre-tournament markets while each qualifying wager on live markets will earn two entries. All qualifying wagers must have odds of -200 or greater. Parlays will qualify for this promotion provided all the wagers are on golf events.

There is no maximum number of entries a user can accrue and all bets must be placed between March 2 and March 26. The winner will be drawn on March 30.

To review the prizes for this promotion, click here.

Super Parlay

The Caesars Super Parlay gives users a chance to combine multiple Same Game Parlays with straight wagers for a heftier payout.

Obviously, there are significantly higher risks with any parlay and the more legs, the higher the risk. With that being said, this Super Parlay promotion gives users a chance to create the best parlay possible. All legs of the parlay have to hit to qualify for this promotion.

There are tons of different Same Game Parlay options on Caesars Sportsbook across the NBA, NFL and MLB. Users will see the Same Game Parlay icon next to the qualifying wagers to combine total points, player rebounds and over/under assists to make your perfect parlay.

However, there are some relevant conditions to this promotion. Same Game Parlays are only available for NFL, NBA or MLB wagers and there is a 10 leg limit to any parlay. Users can wager with bet credits to qualify for this promotion but cannot cash out with bet credits.

For additional information about this promotion, click here.

Caesars Refer Your Friends

The referral offer from Caesars Sportsbook gives bettors a chance to wager with their friends and make some extra money on the side. Existing users can refer their friends using a personal referral link and can get a betting credit of up to $100.

To qualify for this promotion, the referred friend must make a deposit of at least $50. The bet credit will be deposited to the original users account every Wednesday.

FAQ

What is a Tier Credit? What can they be used on in Illinois?

Tier Credits are essentially the measurement for a user’s Tier Status which will unlock a variety of different dining, gaming and spa benefits. They function essentially as reward points that you’d earn at any of your favorite stores or restaurants.

Users can earn Tier Credits in a variety of ways, as new users will get 1,000 Tier Credits when they sign up using the promo code TRIBUNE1000. Additionally, existing users can earn Tier Credits by wagering in person or on the app.

Players can redeem Tier Credits on the app in Illinois or at any retail location in the state.

Does Caesars offer live betting in Illinois?

Yes, Caesars Sportsbook offers live betting on a variety of different sports in Illinois including college basketball and the NBA; a huge array of international leagues like Euro League and Adriatic League; and even Danish and Czech leagues.

Beyond just basketball, Caesars Sportsbook offers live betting on golf, which can pair well with the Masters Giveaway promotion. Additionally, Caesars offers live betting on tennis, soccer and even rugby.

Why is Caesars partnered with Grand Victoria Casino in Illinois?

Many of the biggest sportsbooks in the country partnered with retail gambling locations for entry into the Chicago-area market. As sports betting expanded in the state, with the COVID-related hiatus of the in-person registration law and the eventual expiration of the law, sportsbooks have been able to capitalize on those partnerships by expanding the retail space and reaping massive profits from the larger online market.

For Caesars Entertainment, a huge part of the 2018 deal to purchase Grand Victoria revolved around additional land that was slated to be developed. Caesars reportedly invested $4 million to expand the Grand Victoria sportsbook and build a World Series of Poker room.

While Caesars officials haven’t clearly stated that this was the objective from the outset of the deal, it’s clear that an overarching goal was to update and renovate the existing facilities.