Its true, there are no options in the widget menu. But this doesn’t mean its useless.
Its because the option menu is in the “Banner Admin” menu under Posts.
All the preferences have to be set in the Banner Admin menu and there is the place where you can choose if you want to place the ad in your own <div> or in a widget.
If widget is chosen, you can go to the widget menu and place the banner widget to e.g. a side bar as you have done. Thats it. No extra option needed.
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