5 Kentucky Sports Betting Promo Offers & Bonuses Now Live at bet365, FanDuel, BetMGM, DraftKings, Fanatics

Get ready, folks. Kentucky online sports betting is just a few weeks away. Retail betting went live on Thursday ahead of Chiefs-Lions, with online betting to follow on Sept. 28 ahead of NFL Week 4.

Right now, five sportsbooks are offering pre-launch offers — FanDuel, BetMGM, DraftKings, bet365 and Fanatics. Here's what they're offering, and how to get them

Kentucky Sports Betting Pre-Launch Offers

1. FanDuel

• Status: Pre-launch offer is live
• Bonus code: No code; use this link
• Offer: Get $100 in bonus bets, plus $100 off NFL Sunday Ticket

FanDuel Kentucky will offer a huge variety of markets, an excellent same game parlay product (and parlay product in general, which is massively important for American bettors) and has helped create or popularize many props that are now mainstream — anytime touchdowns, NBA first basket, etc.

You'll get $100 in bonus bets now with no deposit required, plus $100 off NFL Sunday Ticket.

2. bet365

• Status: Pre-launch offer is live
• Bonus code: TOPACTION
• Offer: Bet $1, Get $365 in bonus bets, plus up to $50 extra ($10 per touchdown in Packers-Lions on Sept. 28, up to five TDs)

bet365 is offering $365 in bonus bets on launch day when you deposit $10 and bet $1. You'll also get $10 per touchdown in Lions-Packers on Thursday Night Football on Sept. 28, up to $50.

Kentucky will mark the second state in which bet365 launched immediately, and it hopes its superior product will help it quickly gain market share. bet365 has our favorite same game parlay product on the market.

bet365 doesn't split up the bonus bets in any pre-determined increments — you can use them in any amount you'd like. So you can make 40, $5 bets or one, $200 bet.

Here are the terms and conditions:

• A deposit (minimum $10) is required to participate in this offer. The deposit must be made in the 7 days prior to you claiming the offer.
• Place qualifying bets of $1 or more to get $365 in Bonus Bets. Your qualifying bets must settle within 30 days of claiming the offer. Only qualifying bets placed and settled after claiming the offer will count towards releasing your Bonus Bets.
• Bets placed must meet certain conditions to count:
• Must contain at least one selection at odds of -500 or greater.
• Only the largest cumulative wager on an individual selection within a market/fixture combination (either pre-game or Live In Game) will count towards the settled bets requirement.
• Where a bet has been partially Cashed Out, only the remaining active wager will count.
• Where a bet has been edited using our Edit Bet feature, only the new wager on the new bet will count.
• Fully Cashed Out, event-specific Bonus Bets placed by selecting ‘Use Bonus Bet’ from the bet slip, Live In Game bets which are settled as a push and bets deemed no action do not count.
• Your Bonus Bets are non-withdrawable and the Bonus Bets wager is excluded from any returns. Any returns from Bonus Bets placed will be added to your Withdrawable Balance. Bonus Bets cannot be used on certain products, offers/promotions and bet types. See full Terms and Conditions for details.
• Your Bonus Bets will be forfeit and removed if your account is inactive for 90 consecutive days.

3. BetMGM

• Status: Pre-launch offer is live
• Bonus code: TOPACTION
• Offer: Get $100 bonus bets with no deposit

BetMGM Kentucky has $100 available with no deposit required right now.

4. DraftKings

• Status: Pre-launch offer is live
• Bonus code: No code
• Offer: Get $200 bonus bets with no deposit

DraftKings is right behind FanDuel in the U.S., as the two DFS operators turned sportsbooks have separated themselves from the pack in the first five years of sports betting in America. Like FanDuel, DK offers one of the best parlay products on the market, has innovative and original markets, and offers my favorite user experience and navigation of any sportsbook.

DraftKings Kentucky returns your bonus bets in eight, $25 increments.

5. Fanatics Sportsbook

• Status: Pre-launch offer is live
• Bonus code: No code
• Offer: Get a jersey up to $150 after a $50 bet

Fanatics Sportsbook is making its entrance into the U.S. market and is offering new users a $150 official jersey with a $50 wager.

How Do Bonus Bets Work?

With all of these sportsbook offers, you're not just getting free cash. You're getting bonus bets, which you'll have the opportunity to turn into cash. Bonus bets are like a credit in which you keep any profit from bonus bet wagers, but not the bonus itself.

Here's how they work. Say you want to bet $10 in bonus bets on Kentucky football over 7.5 wins at +120.

• If Kentucky goes over, you'll profit $12 in cash (a $10 bet at +120 pays $12) but you don't keep the bonus bet.
• If Kentucky doesn't go over its win total, you just lose the bonus bet.