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Caesars Sportsbook Review

Following the merger of Caesars Entertainment and William Hill in 2021, William Hill is now officially part of Caesars. Caesars rebranded the sportsbook to reflect its culture and history better, leading to the creation of the Caesars Sportsbook.

Even though it does not yet have a significant presence in the U.S., it is already making waves. It could rival the bigger books that have been in operation for many years.

William Hill’s acquisition was a clear example of the strength of the U.S. sports betting market. Caesars has access in 14 states, and Washington, D.C., and more are on the way. It has a wide range of betting options online, including live streaming services, a large selection of markets, and a vast array of withdrawal and deposit methods.

Caesars Sportsbook draws on Caesars’ vast experience in the gambling industry to offer various sports betting markets. It offers standard betting lines, including spread, moneyline, and Over/Under. There are also prop bets for nearly all the sports it covers.

Caesars Sportsbook offers a wide range of unique prop bets for players and games and boosted odds on popular sports. The sportsbook has strong futures markets allowing bettors to access all the major sports with lucrative odds.

All Major Sports Covered

Some of the sports available for betting include:

  • NFL
  • NBA
  • MLB
  • NHL
  • Soccer
  • College Football
  • College Basketball
  • MMA

Bet Types Offered

Caesars Sportsbook has many of the props and parlays that bettors expect. It includes the standard betting options, as well:

  • Spreads
  • Moneylines
  • Totals
  • First Half
  • Second Half
  • Quarters/Periods
  • Futures
  • Parlays
  • Props

Caesars Includes Popular Features

Sportsbooks must find a way that sets them apart in order to remain competitive. Caesars tried to achieve this with a few features available on other online sportsbooks but not widely.

Nice In-Play Selections

Caesars Sportsbook offers a wide range of in-play options. This allows bettors to access more live betting markets on selected events than other online sportsbooks and offers an anytime cash-out.

Although this is a new feature, it has been very popular. It allows bettors to cash out at current odds even if the odds have changed since they were placed. Caesars has a wide range of coverage for tennis, basketball, hockey, and football markets. There is also access to live betting markets for all sports.

Live Streaming

Caesars Sportsbook offers a live streaming service, but it is somewhat restricted. For access, you must have placed a wager within the last 24 hours to be able to view any streams. However, the quality of streams is exceptional.

The coverage is available for many popular sports like horse racing, basketball, and soccer. Only a few sports and events are covered by the service.

Parlay Insurance

Because of their higher returns, parlay bets are very popular among experienced bettors. The higher return is only possible due to the higher risk. If one leg of a parlay fails, the entire parlay will lose.

Caesars provides parlay insurance for some bets to help reduce losses. Parlay protection is a way for bettors to get some of their initial stake back if the parlay loses.

Getting Started with Caesars Sportsbook

Caesars Sportsbook makes it easy to get started in most areas. However, Nevada still requires users to register in person. After downloading the app, users will need to install it and then click on “Join Now.” This will open a web page that asks for personal information, including full name, address, date of birth, and email address.

Caesars will require users to answer a few security questions in order to protect the account. After users verify that they are of legal age and agree to the terms of the sportsbook’s terms and conditions, their account will be activated.

Caesars Sportsbook uses geolocation technology in order to find bettors who are located in eligible states. The sportsbook will not allow them to continue if they aren’t.

Deposits and Withdrawals with Caesars

Caesars has various deposit options, many of which are standard at online sportsbooks. You can use Visa, MasterCard, and Discover cards. However, some card providers won’t allow your cards to be used as loans. For some, funding an account for online gambling is considered a loan.

You can also deposit via ACH, PayPal, and PayNearMe. Caesars has many participating land-based casinos, so cash deposits are possible. You also have the option to make wire transfers or use Play+ Prepaid cards (a Caesars card that functions like a Discover Card). Each deposit method requires a minimum of $10.

Caesars Sportsbook makes it easy to withdraw funds, but you have fewer options than for deposits. Only ACH, Skrill, and PayPal are accepted for withdrawals. PayPal withdrawals require that the deposit method was through PayPal.

Play+ is the only option that offers instant access. ACH transfers take five business days, while PayPal transfers take three business days. Withdrawals of checks can take up to ten business days.

A cash withdrawal can be requested at any participating casino (depending on location and availability). This will be processed immediately. PayPal has no minimum withdrawal requirement, but all other withdrawal options require a minimum of $10.

Caesars Rewards System

Caesars Sportsbook and Casino currently offer a VIP tier or rewards program for both casino and bettors. It includes six open tiers, as well as a seventh, Seven Stars, which is available by invitation only.

Tier Levels:

  • 0+ Tier Credits – Gold
  • 5000+ Tier Credits – Platinum
  • 15,000+ Tier Credits – Diamond
  • 25,000+ Tier Credits – Diamond Plus
  • 75,000+ Tier Credits – Diamond Elite
  • 150,000+ Tier Credits – Seven Stars

After you have registered and linked your accounts, everything will be updated in 72 hours. You can earn rewards and tier points through the loyalty program. You can use these credits on things such as hotel stays, shopping, dining, and many other things. Play via the casino to get the reward and tier credit.

Caesars is a Trustworthy Platform

Caesars Sportsbook offers players top-notch security. It is available in Virginia, New Jersey, Pennsylvania, Nevada, West Virginia, Illinois, Iowa, Indiana, Arizona, Colorado, Michigan, Tennessee, Washington, DC, and soon Maryland.

Caesars is licensed and regulated by various regulators depending on where it is located:

  • Virginia – Virginia Lottery
  • New Jersey – Division of Gaming Enforcement
  • Pennsylvania – Pennsylvania Gaming Control Board
  • Nevada – Nevada Gaming Commission and Nevada Gaming Control Board
  • West Virginia – West Virginia Lottery Commission
  • Illinois – Illinois Gaming Board
  • Iowa – Iowa Racing and Gaming Commission
  • Indiana – Indiana Gaming Commission
  • Arizona – Arizona Department of Gaming
  • Colorado – Colorado Division of Gaming
  • Michigan – Michigan Gaming Control Board
  • Tennessee – Tennessee Education Lottery Corporation
  • Washington, DC – D.C. Lottery
  • Maryland – Maryland State Lottery and Gaming Control Agency
  • Louisiana – Louisiana Gaming Control Board

Caesars’ online network uses top-of-the-line firewalls and additional security measures to increase its security. Caesars Sportsbook sits on the NYX Open Platform System. It offers a safe environment for both desktop and mobile users.

Caesars offers a Strong Authentication solution that allows players to increase their security levels by using a code sent to their registered email address or phone number to verify they are the ones logging into.

Caesars Sportsbook Offers Several Promotions

In order to increase its competitiveness, Caesars has launched a variety of initiatives with its sportsbook. While some of the initiatives are very similar to those at other sportsbooks and others are unique to Caesars, others are different.

Caesars Rewards

Caesars has a loyalty program available for bettors, but only in certain jurisdictions. The rewards offers users rewards points for placing sports wagers with them. To be eligible, bettors need to sign up for the program. Reward credits are earned for each $10 you wager through Caesars Rewards.

Caesars Promotions

Caesars does not offer any year-round promotions, but that isn’t necessarily a bad thing. It offers seasonal promotions that tie to sporting events. The welcome bonuses are only available during the year. Caesars currently offers a risk-free, first bet bonus of up to $5,000 in most jurisdictions.

Customer Support is Better Than Most

Caesars is a long-standing player in the hospitality and gaming industry. This means it understands how important customer service can be. Caesars offers a comprehensive range of customer support options, which is more than most online sportsbooks. You can chat with Caesars 24/7 and also get an email and toll-free phone numbers for each region it serves.

A Look at Caesars Entertainment’s History

Caesars Entertainment was founded in 1990 as Harrah’s Entertainment. It is the largest casino operator in the U.S. It expanded its reach in 2020 after combining with Eldorado Resorts. Eldorado bought Caesars for $18 billion, but retained Caesars’ name. In 2021, it bought William Hill, a European sports betting operator, at a cost of $3.7 billion. The company then sold William Hill’s non-US assets to 888 Holdings and began to rebrand the U.S. properties as Caesars Sportsbook.

Caesars, a publicly-traded company listed on the NASDAQ under the ticker “CZR,” is based out of Reno, NV. The company has approximately 54,000 employees and a revenue of $3.5 billion annually. It operates several brands in the U.S. and other countries, including Tropicana, Horseshoe, and Harrah’s. The company in Paradise, NV also owns Planet Hollywood Las Vegas

Caesars’ CEO is Tom Reeg, who was previously Eldorado’s CEO and continues in that role after the merger. Before becoming CEO of Caesars in 2019, he was President of Eldorado and previously served as the company’s Chief Financial Officer. Reeg joined the company’s board of managers in 2007 and was its first employee.

Reeg oversees Caesars Sportsbook activities, with several executives supporting him. Kenneth Fuchs is the president of digital at the company. Before joining Caesars, he was at William Hill. He also served as the CEO of STATS LLC (now STATS Perform). Fuchs was also part of Yahoo! Sports, Yahoo! Finance, and Yahoo! Before being appointed CEO of STATS Perform, he owned entertainment businesses.

David Grolman is the President of Retail Operations at the sportsbook. He has held this position with William Hill since 2013. He is responsible for all U.S. operations, including customer support.

Gary Carano, the Executive Chairman at Caesars Entertainment, was previously the CEO and Chairman of the Board at Eldorado from 2014 to 2014. His involvement in the gambling industry dates back to 1973 when he worked as a clerk at Eldorado Hotel and Casino Reno under Don Carano, his father.

Caesars Sportsbook FAQ

What age do you need to be in order to place a bet at Caesars Sportsbook online?

To bet online via the Caesars Sportsbook app, or the desktop platform, all users must be at least 21 years of age. They must also be located in a state that Caesars has licensed to offer online betting on sports.

Can I place a bet on college sports at Caesars Sportsbook?

Yes, with some exceptions. Although college sports betting is legal in most states, it is not allowed everywhere. New Jersey, for example, prohibits betting on college games taking place in the state. It also prohibits wagers on games involving state college teams, regardless of their location.

Can I place a bet on esports at Caesars Sportsbook?

Caesars Sportsbook does not currently offer esports betting in all of its areas, only in Colorado, New Jersey, and Nevada. It could add this option in the future; however, it is controlled by the individual states. Therefore, the state has to legalize it first.

Is there an app for Caesars Sportsbook for mobile devices?

Caesars Sportsbook offers a mobile app for Android and iPhone. The app offers an easy drop-down menu that lists all sports that are available for betting. This makes it simple to find the right option quickly. To narrow down the list, users can filter by type of bet. The interactive bet slip interface is much easier than the desktop version.

Does Caesars Sportsbook offer online casino games?

Yes, but not directly through the sportsbook. Caesars Casino is available to authorized users. Sportsbook users can also access Caesars Casino with the same account information. Caesars allows users to play real-money slots, roulette, and other games via the app or desktop browser.

How do I get my winnings from Caesars Sportsbook?

Users can withdraw winnings from their accounts by visiting the cashier section of the sportsbook. They can choose how much and by what method they wish to withdraw (check, PayPal, or debit card). There is a minimum of $10 for withdrawals. Alternatively, you can request a cash payout at a participating casino.

Does Caesars Sportsbook offer betting on major sports?

Caesars allows users to place bets on any major sport – NFL, MLB, and NBA, as well as many others. You can also create parlay or live bets depending on which sport you are interested in.

Is it possible to have multiple Caesars Sportsbook accounts?

Only one account per person is allowed. Registering for an account requires that you include certain personal data. It is not possible to create more than one account. Caesars can take any funds in an account and suspend all activity until Caesars has resolved the matter.