Caesars Sportsbook Review

Caesars Sportsbook Overview & Background

Caesars Entertainment, Inc. can trace its origins back to 1973, when a group of investors led by the Carano family redeveloped the Eldorado Hotel in Reno. However, it wasn't until 2020 that Eldorado and Caesars merged to form Caesars Entertainment, in an $18 billion deal that also combined both parties' loyalty programs.

Caesars now operates online in 22 different states, having initially launched in New Jersey in November 2013. The full list of Caesars legal states includes Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Washington D.C., and Wyoming.

This places it among the top four sportsbooks in the US from the perspective of market reach, just behind DraftKings (25 states) and FanDuel (23 states) and level with the similarly iconic BetMGM. Although DraftKings and FanDuel claim over 70% of the sports handle market share combined stateside, Caesars continues to hold between 6 and 7% on average.

The brand also owns and operates 53 active land-based casinos and sportsbooks across North America, affording it a significant legacy that betting sites like FanDuel and DraftKings are unable to emulate. These locations also let you earn redeemable reward and tier credits, which can unlock everything from bonus bets to land-based room and restaurant discounts.

Getting Started: Sign-Up Process

So long as you're aged 21 or older and located in a state where Caesars is licensed, you can register for an account with the brand. Here's a step-by-step guide to getting started:

Caesars Sportsbook Promo Code: Current Welcome Offer

The current Caesars sportsbook bonus has a completely different structure to FanDuel and DraftKings. In fact, the offer comprises 20 x 100% profit boosts, up to a total value of $2,500 per token.

You'll need to bet at least $1 at qualifying odds of -10,000 or longer to unlock each profit boost, while unused tokens will expire 14 days after they've been added to your account. Let's explore how the profit boost tokens work and the complete terms and conditions.

Caesars Profit Boost Tokens Explained

Place your first qualifying bet of $1 or more at the minimum odds, using the Caesars sportsbook promo code CSB20X. Once this wager has been settled, the first 100% profit boost will be added to your account, often instantly and usually within 24 hours. You'll receive the profit boost token regardless of how the qualifying bet is settled.

Each profit boost is valid for 14 days, while it can be applied to any line or market with odds of -10,000 or longer. These odds carry an implied probability of 99.0%, so you can select from a large and favorable selection of markets. The maximum bet limit per token is $25, while the total wins for each individual profit boost are capped at $2,500.

Qualifying wagers can include straight bets, parlays and even same-game parlays (SGPs), so long as they meet the minimum odds requirements. Below are example qualifying bets showing how they'd be impacted by 100% profit boosts:

Complete Terms & Conditions

Comparison to FanDuel and DraftKings Welcome Bonus

Caesars vs DraftKings and FanDuel comparisons are challenging, due to the way in which the respective welcome bonuses are structured. The DK and FanDuel promos payout bonus bets rather than profit boosts, for example, while they also have different settlement and expiry criteria. We'll explore these differences in detail below:

Settlement and Accessibility: The minimum bet requirement for the DraftKings and FanDuel bonuses is $5, which is noticeably higher than the Caesars equivalent ($1). However, you'll need to make 20 qualifying bets to claim all of the available Caesars profit boosts, creating a total minimum outlay of $20.

Also, you'll unlock individual profit boosts regardless of how your qualifying wager is settled at Caesars. Your qualifying wager must be settled as a win if you're to unlock the bonus bets at DraftKings and FanDuel, requiring you to wager at shorter odds with higher implied probability values.

Minimum Odds and Wagering: The good news is that there are no minimum odds requirements when claiming the DraftKings and FanDuel welcome offers. This makes it easier to pick heavy betting favorites and maximize your chances of claiming the bonus bets.

Although the minimum odds requirements for the Caesars welcome offer are -10,000, this still lets you target outcomes with an implied probability value of up to 99.0%. Caesars profit boosts are valid for 14 days after issuance too, opening up an even larger range of potential betting markets. The DK and FD bonus bets will expire after seven days.

None of these three bonuses is subject to wagering requirements, offering flexible access to your winnings.

Caesars Sportsbook App: iOS & Android Review

Although the Caesars sportsbook app isn't ranked in the top 25 in the iOS sports category, it has a ranking of 4.7/5 from 96K reviews on this operating system. It has the exact same score on the Google Play Store, although this has been aggregated from a smaller number of reviews (53K). This reveals an impressive and consistent level of performance overall.

Both apps use the brand's iconic green and black color scheme. Green is used to highlight odds, same-game parlays (SGPs) and key navigational buttons (such as Place Bet). This creates a stark contrast with the black background, making it easier to analyze value and construct wagers in real-time.

We'll take a closer look at the apps' respective performance on iOS and Android below. However, our detailed Caesars sportsbook app review also revealed negative user reviews on Reddit, which relate to factors such as rewards integration and regular crashes. We'll also address these concerns directly.

iOS App Features & Performance

The iOS app requires 291.4MB of space on your device, which must run on iOS 15.0 or later. Here are its key features and performance highlights:

Android App Experience

The Caesars Android app requires just 39.0MB of space on your device, which must operate on Android 7.0 and up.

The Android app has a similarly simple interface, with a sticky horizontal menu listing the Live Betting vertical running along the top of the screen. When you click on individual in-play events, you can also access a live Game Tracker that's packed full of statistics and virtual fields of play. If an NFL game is available for livestreaming, you'll find a Watch and Bet tab listed.

The main menu also offers direct, one-click access to the site's current Odds Boosts, which may increase your potential profits by up to 50%. It also unlocks the Caesars Parlay Hub. This provides quick access to a number of pre-built parlays, which have an intuitive edit function that allows you to add and remove betting lines.

User Reviews: What Bettors Say About the Caesars App

The Caesars app performs consistently well on iOS and Android. During our own Caesars sportsbook review, we found overwhelmingly positive feedback across both operating systems, with the highest levels of praise reserved for withdrawal speeds, pre-game betting options and customer support.

However, there are some complaints pertaining to the iOS app crashing randomly. One review claimed that the app would crash during extended betting sessions, or just prior to the end of a match when livestreaming. On other occasions, it was reported that some of the app's functions would stop working after it had been open for 10 minutes or more.

There are several Reddit threads on the same issue. However, at least one of the threads discusses poor app functionality during a period when the software was being updated. Another thread discussed a user's account being frozen and winnings withheld. However, this was most likely an automatic review triggered by unusual account activity.

Overall, these threads have a relatively low level of engagement, both in terms of comments and up-votes. Remember, there are close to 150,000 reviews combined across the Caesars iOS and Android apps, which have yielded consistently high ratings. More than 70% of the reviews on the iOS store award the app five stars too.

Caesars Rewards: Industry-Leading Loyalty

The renowned Caesars Rewards program was a key focus of our Caesars sportsbook review. This allows you to earn Reward and Tier credits when you place qualifying bets, but each of these redeemable currencies have their own unique function:

Earning and Redeeming Reward and Tier Credits

The rate at which you earn Reward and Tier credits varies depending on a number of factors, including the type of wager that you place and the accompanying odds. The maximum RC and TC earning rate is for straight bets with odds of -300 (or longer) and parlays priced at +200 or above.

Straight bet odds of -300 carry an implied probability of 75.0%, while a +200 parlay has a 33.3% chance of winning. If you wager at these odds or longer, you'll unlock RCs and TCs as follows:

• Earn up to 10 RCs and 10 TCs for every $100 wagered on straight bets
• Earn up to 20 RCs and 20 TCs for every $100 wagered on parlays
• Earn 1 RC for every $3 wagered through the Caesars Facebook Casino

Qualifying straight wagers or parlays with shorter odds will incur lower earning rates. Fractional credits can also be accrued with every bet that you place, but you won't be able to earn until your activity unlocks an additional whole credit.

The good news is that you can redeem your earned Reward Credits in numerous ways. Every 100 RCs that you accrue has a bonus cash value of $1.00, which can be converted into bonus bets and free play for your favorite online casino games.

Credits can also be redeemed at over 50 Caesars resorts and locations, including casinos and destination hotels. These resorts are home to a number of participating consumer brands and restaurants too.

Comparison With DraftKings Dynasty and BetMGM Rewards

Caesars is generally considered to run the market leading sportsbook rewards program. However, it shares many similarities with BetMGM Rewards, especially as both programs allow you to redeem credits at land-based locations and participating retail partners. Credits also reset at the end of the calendar year at Caesars and BetMGM.

Overall, Caesars rewards have a greater variety and depth of rewards, across both brick-and-mortar casinos and retail partners like Norwegian Cruises. There's also an additional VIP membership level at Caesars, which unlocks greater rewards for elite status players.

However, BetMGM maintains a consistent redemption rate of $0.01 for every credit redeemed. With Caesars, some free casino play and gift card redemptions yield only half of this value.

The DraftKings Dynasty program trails slightly behind its rivals, although its own Tier Credits don't expire at all so long as your account remains active. However, straight bets here at odds of -300 only unlock 1 TC for every $18 wagered, which is a much lower rate than Caesars and BetMGM Sportsbook.

NFL Live Streaming: Exclusive Caesars Feature

Although Caesars isn't the only sportsbook to livestream selected NFL matches, it makes this content more accessible than its rivals. To watch matches live, you simply need to have wagered at least once in the previous 10 months or have at least $0.10 in your real money balance.

Although the Fanatics sportsbook also livestreams games, the terms require you to wager at least $1 on the match that you want to watch. Caesars is also the official livestreaming partner of the NFL, while the feature is available in any of the 22 states where the brand is live. This affords it a competitive advantage among NFL fans.

You can livestream out-of-market games during both the regular and postseason at Caesars. Here's a step-by-step guide to accessing live NFL games:

1. Sign up for a Caesars account or login. If you're a new customer, you'll need to deposit at least $5 and place an initial wager of $0.10 or above.
2. To qualify as an existing Caesars customer, you'll need to have wagered at least once in the last 10 months or hold a minimum of $0.10 in your account.
3. Head to the NFL section on the Caesars app and click on the qualifying match that you'd like to livestream.
4. Qualifying games will have a Watch and Bet button. This will become available once the match has started. Click on this to stream the content.

Live Betting and Watch and Bet

Caesars also livestreams events from other leagues and football, including CFB. These events can be accessed via the same Watch and Bet feature, which appears after the game or match has gotten underway. Let's take a closer look at the site's in-play betting vertical and its other key features:

Same-Game Parlays: Up to 12-Leg SGPs

Caesars is also one of the market leading sportsbooks for SGPs in the US. It publishes a broad selection of pre-made SGPs, for example, which can be edited to include additional or alternative picks. You can also construct SGPs from scratch, by selecting a match and clicking through the Same Game Parlay tab.

What really sets Caesars' parlays apart is the fact that they can include up to 12 legs. This is the joint-highest number in the US market (alongside BetMGM), while DraftKings (10) and FanDuel (six) offer considerably less flexibility. Building SGPs at Caesars lets you wager at significantly longer odds as a result.

Caesars' Parlay Plus feature also unlocks boosted odds on qualifying bets, across both same and multi-game lines. Profits can be increased by as much as 25% as a result. The brand runs promotions that are based on qualifying parlays, which may unlock bonus bets and profit boosts.

However, FanDuel's parlay section is easier to navigate, with the site's QuickPicks feature immediately presenting pre-built SGPs that can be intuitively edited. At DraftKings, you can also access more player props that are eligible for SGPs, up to 200 more than the industry average. Here's an at-a-glance comparison of how Caesars' parlays measure up against their rivals:

Betting Markets and Sports Coverage

Caesars covers more than 25 sports and hundreds of domestic and international leagues. Unsurprisingly, US-centric competitions like the NFL, NBA, MLB and MLS offer the largest and most diverse range of betting markets, while college sports (particularly CFB) also unlock multiple lines and limited live streaming opportunities.

NHL is also a major focus of the Caesars brand, with odds and player props available on every match. Competitive NHL outrights are published here too. If you're a basketball fan, you can wager on more than 20 leagues and competitions from across the globe, alongside every single WNBA matchup.

Although more niche sports such as Formula 1, MMA and esports are available at Caesars, you'll typically find fewer betting markets and less competitive odds.

Odds Quality at Caesars

Both pre-game and in-play odds can be hit-and-miss at Caesars, across all sports too. This is also evident across different betting markets. But how exactly does Caesars compare to market leaders FanDuel and DraftKings, and does it take steps to offset its shortcomings?

Why are Odds Important?

Odds dictate how much you stand to win in relation to your stake, while they also reveal the implied probability of a particular outcome occurring. By setting accurate odds that are as competitive as possible, sportsbooks let you make informed selections while also maximizing potential value.

Odds at Caesars vs DraftKings and FanDuel

The gap between Caesars' odds and those available at DraftKings and FanDuel varies from one market to the next. For example, NFL spreads at DK are usually between 2% and 3% higher than the market average, although FanDuel also offers consistently competitive spreads across all major US sports and leagues.

To provide some context here, you can back the Pittsburgh Steelers to defeat the Bengals with -5.5 points at a price of -104 at FanDuel. The corresponding odds at DK are -105. At Caesars, however, this line is priced at -110, meaning that you'll have to stake more ($110) to win $100 and have a 52.4% probability of success.

Caesars offers slightly more competitive moneylines and totals lines, despite still trailing DraftKings and FanDuel overall. Using the same match above, for example, Caesars have matched DraftKings' moneyline of -360 on the Steelers, while providing approximately 7% better value than FanDuel (-390).

So, despite their odds not being as competitive as DK and FanDuel across broad market analysis, Caesars can still offer value in certain markets. This is why line shopping is so important, especially when betting on popular leagues like the NFL.

How Does Caesars Offset its Weaker Odds?

Of course, Caesars also takes steps to offset its weaker odds. These include issuing frequent, and in some instances, daily odds and profit boosts. They're typically reserved for parlays involving the highest-profile leagues and competitions, including the NFL, CFB and UEFA Champions League.

It's not uncommon to find 100% profit boosts for qualifying SGPs in the NFL, while Caesars also publishes 50% boosts on selected UCL parlays. So, constructing multi-leg bets involving one or several games can create a competitive advantage here.

Remember, the Caesars welcome offer also comprises 20 x 100% profit boosts. These can be applied to a huge selection of markets and are applicable to both straight bets and qualifying parlays.

Banking: Deposits & Withdrawals

There are 11 eligible deposit methods available at Caesars, eight of which can also be used to withdraw funds. Here's a quick summary of the key considerations when betting with real money at Caesars:

• Minimum Deposit: The minimum deposit at Caesars is $5. This applies to all online payment methods. However, you can also credit your account at land-based Caesars locations, where the minimum deposit requirement is just $1.
• Payout Speed: Overall, virtually all Caesars' withdrawals are completed within 72 hours (with the exception of some wire transfers). More specifically, debit card and PayPal withdrawals processed via the app will often take a few hours at most.
• State Restrictions: Virtually all eligible payment methods have some state restrictions at Caesars. Many banking methods are unavailable in Washington, for example, while others are only available to mobile users.

Customer Support

Caesars' interactive live chat feature is available 24/7, affording it a competitive edge over FanDuel. During the course of our Caesars sportsbook review, we were also connected to a human agent within minutes, after an initial interaction with the site's chatbot.

You can also contact a human agent at any time via email. This allows you to direct more complex written queries to Support@CaesarsCasino.com. During testing, we raised an issue about the minimum deposit limit for wire transfers, and an agent responded well within 24 hours.

If you scroll down to the bottom of the Caesars sportsbook lobby, you'll find a handy FAQ page too. This is comprehensive and answers most generic queries, especially pertaining to withdrawals and bonus T&Cs. You can contact Caesars via telephone on 1-800-986-9248, with this number toll-free and usually answered promptly.

Customer support is only available in English at Caesars. Although this isn't necessarily ideal, it caters to the overwhelming majority of bettors in states where the brand is legal.

Where is Caesars Sportsbook Available?

As we've touched on, there are 22 Caesars sportsbook legal states, only slightly fewer than DraftKings and FanDuel. Below, we'll take a closer look at Caesars legal states, alongside any restrictions that exist in each one.

Caesars Legal States: Complete List

Let's start by answering the question "where is the Caesars sportsbook legal in the US?". Here's a comprehensive and up-to-date list:

In terms of individual state restrictions where Caesars is licensed, these will vary from one jurisdiction to another. For example, retail betting is prohibited in Maine, Vermont and Wyoming, so Caesars only have an online presence in these states.

There are also restrictions when betting on college sports. For example, Caesars are prohibited from offering college player props in Arizona, Colorado, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New York, Ohio, Pennsylvania, Tennessee, Vermont, Virginia and West Virginia.

Similarly, you can only bet on out-of-state college teams with Caesars in Illinois, Iowa, New Jersey and Washington, D.C. You can wager on college player props without restriction in Kansas, Kentucky, Michigan, North Carolina and Wyoming, while the same is true in Indiana when placing pre-game bets.

Caesars vs Top Competitors

We've already touched on how Caesars compares to its top competitors throughout our Caesars sportsbook review. However, we're going to summarize this information in a handy overview below, so that you can select the best book to suit your own preferences, betting frequency and appetite for risk:

Is Caesars Sportsbook Legal & Safe?

Caesars sportsbook is one of the most trusted and reputable betting brands in the US, with licensing from 22 different state jurisdictions. Such licensing compels Caesars to offer a safe, secure and legally compliant experience for bettors, but what steps does it take to achieve this objective?

Pros and Cons Summary