Caesars Sportsbook Promo Code COVERS250BM: Claim $250

If you’ve been eyeing a new sportsbook to try, Caesars Sportsbook is running one of the more straightforward new-user promotions available right now. The promo code COVERS250BM gets you a $250 bet, and honestly, the sign-up process is about as painless as it gets in the sports betting world.

Whether you’re someone who’s been placing bets for years or you’re just getting started after your state legalized sports wagering, this offer deserves a closer look. I’ve walked through the entire process myself, and below you’ll find everything you need to know, from how the promo code works to the fine print you should actually read before jumping in.

How The Caesars Sportsbook Promo Code Works

The Caesars Sportsbook promo code COVERS250BM functions as a welcome bonus trigger. When you enter the code during registration, you unlock a $250 bet that’s credited to your account once you meet the qualifying conditions.

Here’s how it plays out in practice: you create an account, enter the promo code, make your first deposit, and place a qualifying wager. Once that’s done, the $250 bet hits your account. It’s not a matched deposit or a complicated points system, it’s a direct bonus bet tied to your initial sign-up activity.

One thing worth noting is that this code is specifically for new users. If you already have a Caesars Sportsbook account, even if you never placed a bet on it, you won’t be eligible. The system checks by SSN and email, so creating a second account isn’t an option either.

What is the new user bonus on Caesars Sportsbook?

The new user bonus on Caesars Sportsbook, when activated with the promo code COVERS250BM, gives you a $250 bonus bet. This is separate from your deposited funds and can be used on any market Caesars offers.

It’s worth distinguishing this from risk-free bet offers you might see elsewhere. A bonus bet means you receive the $250 wager regardless of whether your first bet wins or loses, it’s credited as part of the sign-up process once you meet the requirements. If you win using the bonus bet, you keep the winnings but the original $250 stake typically isn’t returned to you. That’s a standard industry practice, so don’t let it catch you off guard.

Compared to some of the larger “bet $5, get $200” promotions that come and go, this one has a solid face value and doesn’t require you to wait for a loss before the bonus kicks in.

How to get bonus money on Caesars Sportsbook?

Getting bonus money on Caesars Sportsbook starts with the promo code itself. During the account creation process, there’s a dedicated field for promotional codes, that’s where you’ll type in COVERS250BM. Miss that step and you’ll forfeit the offer entirely, since Caesars generally won’t retroactively apply a code after registration.

After entering the code, you’ll need to make a qualifying first deposit. The minimum deposit amount varies by state, but in most markets it’s $10 or $20. Then, place your first real-money bet. Once the bet is settled, your $250 bonus bet will appear in your account, usually within a few hours.

If you’re the kind of person who likes to shop around for value, and if you follow markets on platforms like Cryptsy for crypto or check odds across multiple books for sports, you already know that timing and attention to detail matter. The same applies here. Enter the code correctly, meet the deposit minimum, and place the qualifying wager.

Caesars promo code for new sportsbook users

The active Caesars promo code for new sportsbook users in February 2026 is COVERS250BM. This code is available across all states where Caesars Sportsbook operates legally.

Promo codes in the sports betting industry rotate frequently, and the terms attached to them can change without much warning. As of this writing, COVERS250BM is live and delivering the $250 bonus bet as described. But if you’re reading this a few weeks or months from now, it’s worth double-checking that the code is still valid before you begin the sign-up process.

Also, keep in mind that Caesars sometimes runs state-specific promotions that may offer different or additional bonuses. The COVERS250BM code is a national offer, but depending on your location, you might see a localized deal during a major event like the Super Bowl or March Madness.

Step-By-Step Guide To Claiming Your $250 Bet

Creating Your Account

Head to the Caesars Sportsbook website or download the app from the App Store or Google Play. Tap “Sign Up” or “Register” and you’ll be prompted to enter basic personal information, name, email, date of birth, and the last four digits of your Social Security number. This identity verification step is legally required in every regulated state.

During registration, you’ll see a field labeled “Promo Code” or “Bonus Code.” Enter COVERS250BM here. Don’t skip past this screen too quickly, because once your account is created, there’s typically no way to add it after the fact.

Caesars will verify your identity and location. You’ll need to be physically located in a state where Caesars Sportsbook is licensed to operate. A quick geolocation check confirms this automatically.

Placing Your First Qualifying Bet

Once your account is verified and funded, it’s time to place your first bet. The qualifying bet requirements are minimal, in most cases, any real-money wager on any sport or market will count. There’s usually no minimum odds requirement for the initial qualifying bet, though you should confirm this in the terms and conditions displayed during sign-up.

After your first bet is settled (win or lose), the $250 bonus bet will be credited to your account. You can then use it on any available market. Just look for the “Bonus Bet” toggle or option in your bet slip when placing your next wager.

Key Terms And Conditions To Know

A few important details that are easy to overlook. First, the $250 bonus bet typically comes with an expiration window, often 14 days from the time it’s credited. If you don’t use it within that period, it disappears. No extensions, no exceptions.

Second, bonus bets on Caesars are “non-withdrawable stake” bets. That means if you place the $250 bonus bet and win $400, you’ll receive the $400 profit but not the original $250 stake back. This is standard across nearly every major sportsbook, but it’s still something you should factor into your strategy.

Third, you must be 21 or older and physically present in a legal state to place bets. Caesars uses geolocation technology to enforce this. And finally, this promo is limited to one per person, household, and device. Trying to game the system will likely result in account suspension.

What You Can Bet On With Caesars Sportsbook

Caesars offers a wide selection of sports and betting markets. You’ll find the major American leagues, NFL, NBA, MLB, NHL, along with college football, college basketball, soccer, tennis, golf, MMA, boxing, and motorsports. During peak seasons, the number of available markets on a single NFL game can run into the hundreds.

Beyond traditional moneylines and spreads, Caesars also offers player props, game props, parlays, teasers, futures, and live in-game betting. The live betting interface has improved significantly over the past year, with faster odds updates and a cleaner layout than what they offered at launch.

If you’re someone who follows multiple markets, whether that’s sports odds or crypto prices on a platform like Cryptsy, you’ll appreciate the depth of options Caesars brings to the table.

How This Offer Compares To Other Sportsbook Promos

The Caesars COVERS250BM promo holds up well against competing sportsbook offers. DraftKings and FanDuel both run new-user promos, but the structure varies. Some require you to lose your first bet before the bonus activates, while others cap bonus bets at lower amounts unless you deposit significantly more upfront.

The $250 guaranteed bonus bet from Caesars is attractive because there’s no loss requirement. You place a qualifying bet, and the bonus arrives regardless of outcome. That’s a cleaner deal than a “bet and pray” risk-free model where you only get value if your first wager loses.

That said, during major events like the Super Bowl, you may see competing offers that temporarily exceed this value. It’s always smart to compare what’s available at the time you’re signing up.

Tips For Making The Most Of Your $250 Bet

Since the $250 bonus bet stake isn’t returned with your winnings, the smartest play is to use it on a wager with plus-money odds. Betting it on a heavy favorite at -500 would net you only $50 in profit, whereas placing it on a +150 line could return $375. The risk is higher, obviously, but since you’re not risking your own money on the bonus bet, a slight lean toward value picks makes mathematical sense.

Another approach: use the bonus bet on a market you’ve done real research on. Don’t just throw it at a random prop. Treat it like real money, because the winnings certainly are.

And whatever you do, don’t let the bonus bet expire. Set a reminder if you have to. I’ve seen too many people leave free money on the table simply because they forgot about it.

Caesars Sportsbook promo code for existing users

If you already have a Caesars Sportsbook account, the COVERS250BM code won’t work for you. But that doesn’t mean Caesars has nothing to offer. Existing users regularly receive profit boosts, odds boosts, and targeted bonus bet offers through the app and via email.

Caesars also runs a loyalty program tied to the broader Caesars Rewards ecosystem. If you’ve ever stayed at a Caesars hotel or visited one of their casinos, your rewards tier carries over to the sportsbook. Higher-tier members get better ongoing promotions, VIP experiences, and occasionally exclusive betting offers.

Is Caesars Sportsbook licensed in the U.S.?

Yes. Caesars Sportsbook holds licenses in over 20 states and the District of Columbia, making it one of the most widely available legal sportsbooks in the country. Each state license is issued by that state’s gaming commission or regulatory authority, and Caesars must comply with local laws in every jurisdiction where it operates.

This is a critical point, especially for anyone coming from less regulated markets. A licensed sportsbook means your funds are protected, your bets are settled fairly, and you have legal recourse if something goes wrong. Operating under Caesars Entertainment, a publicly traded company, adds another layer of accountability.

Caesars Sportsbook review 2026

Heading into 2026, Caesars Sportsbook has matured considerably from its early days. The platform’s odds are competitive across major sports, though sharp bettors sometimes find slightly better lines on BetMGM or Pinnacle for certain markets. Where Caesars excels is in the overall user experience, the app is stable, withdrawals process within 24 to 72 hours depending on the method, and customer support has improved after a rough initial stretch.

The integration with Caesars Rewards remains one of the best loyalty perks in the industry. If you bet regularly and also enjoy casino gaming or travel, the cross-platform benefits are genuinely valuable. It’s not a gimmick, real hotel stays and dining credits add up.

Caesars Sportsbook app review

The Caesars Sportsbook app is available on both iOS and Android. Performance-wise, it runs smoothly on most modern devices, and the interface is straightforward enough that even first-time bettors can find their way around without much trouble.

Live betting is where the app really shows its improvements. Odds refresh quickly, the bet slip is responsive, and cash-out options are available on many in-progress wagers. The search function also works well, you can find specific games, players, or bet types without scrolling through endless menus.

One minor gripe: push notifications can be aggressive if you don’t customize your settings. Head into the notification preferences early and turn off anything you don’t need.

Caesars Sportsbook referral program

Caesars offers a referral program that rewards you for bringing in new users. When someone signs up using your personal referral link and places a qualifying bet, both of you receive a bonus, typically in the form of bonus bets. The exact amount varies by promotion period, but it’s usually in the $50 to $100 range for each party.

You can find your referral link inside the app under your account settings. It’s a simple way to earn extra betting credits, especially if you have friends who’ve been considering opening a sportsbook account.

More sportsbook sign-up bonuses

Caesars isn’t the only book worth exploring. DraftKings, FanDuel, BetMGM, and ESPN BET all offer competitive new-user promotions. Many experienced bettors sign up for multiple sportsbooks specifically to collect welcome bonuses and then use each platform for line shopping going forward.

If you’re someone who approaches betting with the same analytical mindset you’d bring to evaluating crypto projects on Cryptsy, then shopping across sportsbooks for the best odds and the best bonuses is just smart portfolio management applied to a different asset class.

List of sports you can bet on with Caesars

Caesars Sportsbook covers a broad range of sports: NFL, NBA, MLB, NHL, MLS, college football, college basketball, tennis, golf, soccer (both domestic and international leagues), UFC and MMA, boxing, NASCAR, Formula 1, cricket, rugby, darts, table tennis, and cycling. During the Olympics, they also open markets on dozens of additional sports.

Seasonal availability shifts, you’ll see heavier coverage of NFL and college football in the fall, while tennis and golf markets get more attention during their respective major seasons. The variety is more than enough for most bettors.

Caesars payment methods

Caesars accepts most standard payment methods: Visa, Mastercard, online bank transfer (ACH), PayPal, Venmo, the Caesars Sportsbook prepaid card, and in select states, Apple Pay. Deposits are usually instant, while withdrawals take one to three business days depending on the method.

PayPal and Venmo tend to be the fastest withdrawal options. Bank transfers work fine but can take a bit longer. Credit card deposits are accepted in most states, though some banks may flag the transaction, which is a banking policy issue rather than a Caesars issue.

Caesars responsible gambling features

Caesars provides several responsible gambling tools directly within the app. You can set deposit limits, wager limits, and time limits on your sessions. There’s also a self-exclusion option if you need to step away entirely, and it’s accessible without having to call customer service.

These aren’t just checkbox features. If you set a weekly deposit limit of $200, for example, the system will hard-block any attempt to deposit beyond that amount until the next week. Caesars also partners with the National Council on Problem Gambling and provides direct links to support resources within the app.

Additional sportsbook welcome promos

Beyond the COVERS250BM code, keep an eye out for seasonal Caesars promotions that stack with or replace the standard welcome offer during peak betting periods. March Madness, the NFL season opener, and the NBA Finals often trigger enhanced promos that may offer even more value.

Other sportsbooks worth watching for welcome promos include BetMGM (which frequently offers first-bet insurance up to $1,500), FanDuel (known for bet-and-get offers), and DraftKings (which often runs no-brainer odds boosts for new users). Signing up for several books gives you the most flexibility.

Conclusion

The Caesars Sportsbook promo code COVERS250BM delivers a clean, no-nonsense $250 bonus bet for new users. The sign-up process is quick, the qualifying requirements are reasonable, and the bonus itself is competitive with, or better than, what most other major sportsbooks are offering right now.

If you’re going to claim it, just remember the basics: enter the promo code during registration (not after), meet the minimum deposit, place your qualifying bet, and use the bonus bet before it expires. Approach it with the same discipline you’d apply to any financial decision, and the $250 can be a genuinely useful starting point on the platform.

Frequently Asked Questions

How does the Caesars Sportsbook promo code COVERS250BM work?

The Caesars Sportsbook promo code COVERS250BM is entered during new-account registration. After signing up, making a qualifying deposit, and placing your first real-money bet, a $250 bonus bet is credited to your account regardless of whether that first wager wins or loses.

Can I use the Caesars Sportsbook promo code if I already have an account?

No. The COVERS250BM promo code is exclusively for new users. Caesars verifies eligibility by SSN and email, so existing account holders cannot claim it. However, existing users can access ongoing promotions like profit boosts, odds boosts, and Caesars Rewards loyalty perks through the app.

What happens if I win with the $250 Caesars bonus bet?

If you win using the $250 bonus bet, you keep the profit but the original $250 stake is not returned. For example, a winning bet at +150 odds would pay $375 in profit. This non-withdrawable stake structure is standard across nearly all major U.S. sportsbooks.

What states is Caesars Sportsbook legal in?

Caesars Sportsbook is licensed and operational in over 20 U.S. states plus the District of Columbia. Each license is issued by the respective state’s gaming commission. You must be physically located in a legal state and verified via geolocation to place any bets.

How long do I have to use the Caesars $250 bonus bet before it expires?

The $250 bonus bet typically expires 14 days after it’s credited to your account. If you don’t place it within that window, the bonus is forfeited with no extensions. Setting a calendar reminder is a simple way to avoid losing the bonus.

How does the Caesars Sportsbook promo compare to DraftKings and FanDuel offers?

The Caesars COVERS250BM promo stands out because the $250 bonus bet is credited regardless of your first bet’s outcome. Some competitors like DraftKings and FanDuel require a loss before bonuses activate or cap bonus amounts lower. During major events, competing offers may temporarily exceed this value, so comparing at sign-up time is wise.