Regarding terms & conditions
While sign-up bonuses are a great way to get started, there is always a catch to be found. With bonuses, this is in the form of wagering requirements and terms and conditions. Most bonuses will have wagering requirements attached which are the number of times you will be required to play through the bonus before you can withdraw any winnings from it.
On top of that, there's usually a time frame that this must be completed in. Additionally, there's usually a minimum and maximum bet value allowed when using the bonus.
There's usually a cap on the amount that can be won too. This can be a downside and often catches many players out. However, if you are aware of these terms and conditions and check them thoroughly before signing up to the site, you will have no trouble making the most of your bonus offer.
Does retail sportsbooks in IL offer welcome bonuses?
While we have been discussing online sportsbooks, we should not overlook retail sportsbooks as well. Retail sportsbooks are the land-based counterparts of their online website and in Illinois, there are a few of these as well.
These venues allow players to go in person and place bets on sporting events, often actually watching the event play out — for instance, placing a bet at one of the racetracks in the state. But, the big question here is whether players can get sign-up bonuses and other perks from placing bets here too.
In Illinois, this is slightly more complicated. The law actually states that each sportsbook needs to have a land-based retail partner in the state in order to offer an online betting service.
This means that all online betting sites in Illinois are actually linked to a land-based venue. Once the account has been verified in this manner, players are awarded the sign-up bonus for their online account.
Excitingly, there are also sign-up bonuses when placing their very first bet in person. Most of these come in the form of a risk-free bet though. So, this does mean you will need to place a bet, but if it loses you will get bet credits to use. However, not all retail sportsbooks offer this type of promotion, but all online sites do.