Best Sportsbook Promotions

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Sports betting is rapidly expanding into many markets around the country. We’ve assembled the best promos at sportsbooks in numerous states. Sign up and claim your offers today.

Up To $1,000 In A Bonus Bet If Your First Bet Loses
Claim bonus

Must be 21 or older and physically present in AZ, CO, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NJ, NY, NC, OH, PA, TN, VA, WV, or WY. Void where prohibited. New users only. Must register using eligible promo code. First bet after registration must qualify. Max. Bonus Bet: $1,000 (amount equals to lost stake). Bonus Bet expires 14 days after receipt. Void where prohibited. See Caesars.com/promos for full terms. Know When To Stop Before You Start®. Gambling Problem? CO, IL, KY, MD, MI, NJ, OH, TN, VA, WV, WY, KS (Affiliated with Kansas Crossing Casino), LA (Licensed through Horseshoe Bossier City and Harrah’s New Orleans), ME (Licensed through the Mi’kmaq Nation, Penobscot Nation, and Houlton Band of Maliseet Indians, federally recognized tribes located in the State of Maine), NC (Licensed through Tribal Casino Gaming Enterprise), PA (Affiliated with Harrah’s Philadelphia): If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) or MD: visit mdgamblinghelp.org or WV: visit 1800gambler.net; AZ: Call 1-800-NEXT-STEP; IN: Call 1-800-9-WITH-IT; IA: Call 1-800-BETSOFF. Data & text rates may apply. Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (80‍0) 327-5‍050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).

Bet $5, Get $200 In Bonus Bets If Your Bet Wins
No code required
Claim bonus

21+ (18+ D.C.) and present in AZ, CO, CT, DC, IA, IL IN, KS, KY, LA (excluding certain perishes), MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, or WY. Void where prohibited. New Customer only. First online real money wager only. $10 first deposit required. Bonus issued as nonwithdrawable bonus bets which expire 7 days after receipt. Restrictions apply. See terms at sportsbook.fanduel.com. Expires on 7/28/2024 at 11:59 PM EST. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, D.C., IA, KS (in affiliation with Kansas Star Casino), KY, LA, MI, NC, NJ, OH, PA, IL, TN, VA, VT, WY), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), or visit ksgamblinghelp.com (KS), www.1800gambler.net (WV). Data & text rates may apply. Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).

Up To $1,500 In Bonus Bets If Your First Bet Loses
Claim bonus

Must be 21+. Min. first deposit of $10. New customers only. Subject to eligibility requirements. Rewards are non-withdrawable bonus bets that expire in 7 days. Bonus bets amount equals lost stake. Must be physically located in NC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH, or KY. Void where prohibited. In partnership with Kansas Crossing Casino and Hotel. Add’l terms apply – see BetMGM.com. Please Gamble Responsibly. Gambling problem? Call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-800-BETS-OFF (IA), (888) 789-7777 or ccpg.org (CT), 1-800-981-0023 (PR), 1-800-9-WITH-IT (IN), or www.mdgamblinghelp.org (MD), or morethanagame.nc.gov (NC), 1800gambler.net (WV). Data & text rates may apply. Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 or visit GamblingHelpLineMA.org (MA).

Bet $5 And Get $150 In Bonus Bets Instantly!
No code required
Claim bonus

21+ only (18+ KY/WY). Offer available in AZ/CO/CT/IA/IL/IN/KS/KY/LA(select parishes)/MA/MD/ME/MI/NC/NJ/NY/OH/PA/TN/VA/VT/WV/WY only. Void where prohibited. 1 per new customer only. Eligibility restrictions apply. Ends 8/18/24 at 11:59 PM ET. Min. deposit of $5. Min. first bet of $5. Reward issued as 6 Bonus Bets of $25 each. Bonus Bets expire in 7 days (168 hours) after being credited, are single-use and non-withdrawable. Stake removed from payout. See terms at sportsbook.draftkings.com/promos. Please Gamble Responsibly. Call 1-800-522-4700 (NH), 888-789-7777/visit ccpg.org (CT), or visit www.1800gambler.net (WV). Data & text rates may apply. GAMBLING PROBLEM? CALL 1-800-GAMBLER (1-800-426-2537) (AZ/CO/IA/IL/IN/KS/KY/LA/MD/ME/MI/NJ/OH/OR/PA/TN/VA/VT/WV/WY), (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).

Bet $5 & Get $150 In Bonus Bets
Claim bonus

21+ only (18+ in KY). Offer available in AZ/CO/IA/IN/KY/LA (select parishes)/NC/NJ/OH/VA. Void where prohibited. New customers only. Must claim offer within 30 days following registration. Deposit $10+ and place $5+ qualifying bet. Bonus bets are non-withdrawable and the Bonus Bets wager excluded from returns. Bonus Bets expire after 7 days. Add’l terms and restriction apply see at bet365.com. Data & text rates may apply. GAMBLING PROBLEM? CALL or TEXT 1-800-GAMBLER (AZ, CO, IN, KY, LA, NC, NJ, OH, VA) or 1-800-BETS OFF (IA).

Up To $500 In Bonus Bets If Your Bet Loses
Claim bonus

Must be 21+. Offer available in IL, IN, LA, MD, MI, PA, or VA. Void where prohibited. New players only. Min. $10 deposit. Bonus bet equal to losses on first real-money wager (up to max. designated amount). Expires 30 days from issuance. Min. odds and other restrictions apply. Winnings exclude amount of bonus bet. Visit BetRivers.com for full T&Cs. (LA) In partnership with Bossier Casino Venture, Inc. d/b/a Margaritaville Resort Casino. Data & text rates may apply. GAMBLING PROBLEM? CALL 1-800-GAMBLER or Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).

Sportsbook promo codes & bonuses for July 2024

Sportsbook Welcome bonusPromo code
CaesarsUp to $1,000 back as a bonus bet if your first bet losesCBS1000
FanDuelBet $5, get $200 in bonus bets if your bet winsNo code required
BetMGMUp to $1,500 back in bonus bets if your first bet losesCBSSPORTS
DraftKingsBet $5, get $150 in bonus bets instantlyNo code required
DraftKingsGet $300 in bonus bets instantly, depending on the amount of your first bet (in select states)No code required
bet365Bet $5, get $150 in bonus betsCBSBET365
BetRiversGet up to a $500 second chance betSPORTS
FanaticsGet a $100 bet match for 10 straight daysNo code required
BorgataBet $20, get $100 in bonus betsCBSSPORTS

Best sportsbook promotions: An in-depth breakdown

Let’s take a closer look at each welcome bonus from our top sports betting sites.

Caesars Sportsbook

While many sportsbooks are currently running “bet and get” deals, Caesars Sportsbook takes a different approach. When you sign up with our promo code ‘CBS1000’, you will get up to $1,000 as a bonus bet.

Up To $1,000 In A Bonus Bet
If Your First Bet Loses

Validated on: July 17, 2024

Claim bonus

Must be 21 or older and physically present in AZ, CO, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NJ, NY, NC, OH, PA, TN, VA, WV, or WY. Void where prohibited. New users only. Must register using eligible promo code. First bet after registration must qualify. Max. Bonus Bet: $1,000 (amount equals to lost stake). Bonus Bet expires 14 days after receipt. Void where prohibited. See Caesars.com/promos for full terms. Know When To Stop Before You Start®. Gambling Problem? CO, IL, KY, MD, MI, NJ, OH, TN, VA, WV, WY, KS (Affiliated with Kansas Crossing Casino), LA (Licensed through Horseshoe Bossier City and Harrah’s New Orleans), ME (Licensed through the Mi’kmaq Nation, Penobscot Nation, and Houlton Band of Maliseet Indians, federally recognized tribes located in the State of Maine), NC (Licensed through Tribal Casino Gaming Enterprise), PA (Affiliated with Harrah’s Philadelphia): If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) or MD: visit mdgamblinghelp.org or WV: visit 1800gambler.net; AZ: Call 1-800-NEXT-STEP; IN: Call 1-800-9-WITH-IT; IA: Call 1-800-BETSOFF. Data & text rates may apply. Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (80‍0) 327-5‍050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).

Validated on: July 17, 2024

Available states for this promotion

AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NV, NY, OH, PA, TN, VA, WV, WY

The way you receive the bonus bet is simple: Place your first wager at Caesars Sportsbook. If the wager loses, you will get refunded in bonus bets equal to your wager amount. If your first bet wins, you get the winnings as normal and the bonus expires.

Let’s say you sign up and bet $500 on your favorite team and they lose. The Caesars welcome promo will give you $500 in bonus bets. You must use the bonus bets before they become withdrawable.

FanDuel Sportsbook

The FanDuel welcome bonus is quick and easy to claim. Sign up with our exclusive FanDuel link.

Bet $5, Get $200 In Bonus Bets
If Your Bet Wins
NO Code Required Claim bonus

21+ (18+ D.C.) and present in AZ, CO, CT, DC, IA, IL IN, KS, KY, LA (excluding certain perishes), MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, or WY. Void where prohibited. New Customer only. First online real money wager only. $10 first deposit required. Bonus issued as nonwithdrawable bonus bets which expire 7 days after receipt. Restrictions apply. See terms at sportsbook.fanduel.com. Expires on 7/28/2024 at 11:59 PM EST. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, D.C., IA, KS (in affiliation with Kansas Star Casino), KY, LA, MI, NC, NJ, OH, PA, IL, TN, VA, VT, WY), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), or visit ksgamblinghelp.com (KS), www.1800gambler.net (WV). Data & text rates may apply. Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).

Available states for this promotion

AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY

There’s no FanDuel promo code required to claim the bonus. Opt in for the bonus from the Promotions page after you’ve signed up, then make a deposit and place your first bet.

The first bet must be $5 or more to get the bonus.

After you place your qualifying bet, you’re all set. If your initial bet wins, FanDuel Sportsbook will give you $200 in of bonus bets within 72 hours of your eligible first wager.

BetMGM Sportsbook

Currently, BetMGM Sportsbook has the best first bet insurance offer of any sportsbook. Sign up, use our promo code ‘CBSSPORTS’ and make your initial deposit. From there, choose your first bet carefully. If it loses, you will be refunded in the form of bonus bets up to $1,500 maximum.

Up To $1,500 In Bonus Bets
If Your First Bet Loses

Validated on: July 17, 2024

Claim bonus

Must be 21+. Min. first deposit of $10. New customers only. Subject to eligibility requirements. Rewards are non-withdrawable bonus bets that expire in 7 days. Bonus bets amount equals lost stake. Must be physically located in NC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH, or KY. Void where prohibited. In partnership with Kansas Crossing Casino and Hotel. Add’l terms apply – see BetMGM.com. Please Gamble Responsibly. Gambling problem? Call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-800-BETS-OFF (IA), (888) 789-7777 or ccpg.org (CT), 1-800-981-0023 (PR), 1-800-9-WITH-IT (IN), or www.mdgamblinghelp.org (MD), or morethanagame.nc.gov (NC), 1800gambler.net (WV). Data & text rates may apply. Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 or visit GamblingHelpLineMA.org (MA).

Validated on: July 17, 2024

Available states for this promotion

AZ, CO, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY

If you were to bet $1,000 and lose, you’d get $1,000 in bonus bets.

You can bet more than $1,500, but that’s still the maximum you’ll receive.

The one catch here is that winning bets effectively void the bonus. It’s not all bad, though, because a winning bet means you collect the profits and your initial stake anyway.

DraftKings Sportsbook

DraftKings is offering a “Bet and Get” welcome bonus. It’s a popular welcome bonus structure where you need to place a relatively small bet to receive bonus bets in turn. That’s the welcome bonus DraftKings is currently offering.

Bet $5 And Get $150
In Bonus Bets Instantly!
NO Code Required Claim bonus

21+ only (18+ KY/WY). Offer available in AZ/CO/CT/IA/IL/IN/KS/KY/LA(select parishes)/MA/MD/ME/MI/NC/NJ/NY/OH/PA/TN/VA/VT/WV/WY only. Void where prohibited. 1 per new customer only. Eligibility restrictions apply. Ends 8/18/24 at 11:59 PM ET. Min. deposit of $5. Min. first bet of $5. Reward issued as 6 Bonus Bets of $25 each. Bonus Bets expire in 7 days (168 hours) after being credited, are single-use and non-withdrawable. Stake removed from payout. See terms at sportsbook.draftkings.com/promos. Please Gamble Responsibly. Call 1-800-522-4700 (NH), 888-789-7777/visit ccpg.org (CT), or visit www.1800gambler.net (WV). Data & text rates may apply. GAMBLING PROBLEM? CALL 1-800-GAMBLER (1-800-426-2537) (AZ/CO/IA/IL/IN/KS/KY/LA/MD/ME/MI/NJ/OH/OR/PA/TN/VA/VT/WV/WY), (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).

Available states for this promotion

AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY

At DraftKings Sportsbook, you can bet $5, and get $150 in bonus bets instantly

All you need to do is deposit $5+ and make a minimum bet of $5. You can make your bet on any sportsbook market you’d like, and once your bet settles, you’ll receive $150 in bonus bets regardless of the outcome.

If you’re located in IA, IL, LA, MI, NC, NJ, OH, PA, VT, or WY, DraftKings has a more lucrative welcome bonus option for you. You can receive up to $300 in bonus bets, depending on the amount of your first bet:

  • Bet $5, get $150 in bonus bets
  • Bet $10, get $200 in bonus bets
  • Bet $50, get $300 in bonus bets

bet365 Sportsbook

The bet365 Sportsbook lives up to its name by offering a sportsbook bonus that’s excellent every day of the year.

Bet $5 & Get $150
In Bonus Bets

Validated on: July 17, 2024

Claim bonus

21+ only (18+ in KY). Offer available in AZ/CO/IA/IN/KY/LA (select parishes)/NC/NJ/OH/VA. Void where prohibited. New customers only. Must claim offer within 30 days following registration. Deposit $10+ and place $5+ qualifying bet. Bonus bets are non-withdrawable and the Bonus Bets wager excluded from returns. Bonus Bets expire after 7 days. Add’l terms and restriction apply see at bet365.com. Data & text rates may apply. GAMBLING PROBLEM? CALL or TEXT 1-800-GAMBLER (AZ, CO, IN, KY, LA, NC, NJ, OH, VA) or 1-800-BETS OFF (IA).

Validated on: July 17, 2024

Available states for this promotion

AZ, CO, IA, IN, KY, LA, NC, NJ, OH, VA

When you sign up for bet365 using our exclusive link, you will get $150 in bonus bets after placing an initial wager of $5 or more. Make sure to enter our promo code ‘CBSBET365’.

Like the other bet and get bonuses on this list, bet365 requires your first bet to be of $5 or more (cumulatively betting $5 or more won’t work). Keep that in mind as you prepare to place your bets and claim the bonus.

BetRivers Sportsbook

BetRivers is known for often having promo codes to go with their excellent welcome offers. Sign up with our link and enter the BetRivers Sportsbook bonus code SPORTS to get your second chance bet up to $500.

Up To $500 In Bonus Bets
If Your Bet Loses

Validated on: July 17, 2024

Claim bonus

Must be 21+. Offer available in IL, IN, LA, MD, MI, PA, or VA. Void where prohibited. New players only. Min. $10 deposit. Bonus bet equal to losses on first real-money wager (up to max. designated amount). Expires 30 days from issuance. Min. odds and other restrictions apply. Winnings exclude amount of bonus bet. Visit BetRivers.com for full T&Cs. (LA) In partnership with Bossier Casino Venture, Inc. d/b/a Margaritaville Resort Casino. Data & text rates may apply. GAMBLING PROBLEM? CALL 1-800-GAMBLER or Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).

Validated on: July 17, 2024

Available states for this promotion

IL, IN, LA, MD, MI, PA, VA

This bonus is effectively first bet insurance. Make your first bet of any amount and get it back in bonus bets if you lose.

The maximum you can receive from BetRivers this way is $500. A $600 losing first bet, for example, would return only $500 in bonus bets.

This bonus comes with a 1x playthrough, making it the perfect fit for new bettors.

Fanatics Sportsbook

Fanatics Sportsbook is one of the new kids on the block, and it’s making that status known by offering a unique welcome bonus. When you join with our exclusive links, Fanatics will offer you up to $1,000 in bonus bets.

Up To 10x$100
In Bonus Bets
NO Code Required Claim bonus

Must be 21+ and present in AZ, CO, CT, IA, IL, IN, KS, MA, MD, MI, NJ, NY, PA, VT, VA, or WV. Not available in OH, TN, KY and NC. Void where prohibited. New customer only. Must opt-in daily (except day 1) by navigating to Discover or Promos page in the app & place $5+ qualifying wager each day with odds of -200 or longer to get a Bonus Bet match (max. $100 each day) for that day up to a total of 10 straight days. Qualifying wagers must be placed within 10 days from registration. Bonus Bets expire 7 days from issuance. Bonus bets amounts are non-withdrawable and winnings exclude bonus bet stake. Add’l Terms apply – see Fanatics Sportsbook app. Gambling problem? Call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), (888) 789-7777 or http://ccpg.org (CT), or 1-800-BETS-OFF (IA), or 1-800-9-WITH-IT (IN), or www.mdgamblinghelp.org (MD), or morethanagame.nc.gov (NC), or 1800gambler.net (WV). Data & text rates may apply. GAMBLING PROBLEM? Call 1-800-GAMBLER (CO/IL/KS/KY/MD/OH/MI/NC/PA/TN/VA/VT/WV), (800)-327-5050 or http://gamblinghelplinema.org (MA), Call (877-8-HOPENY) or text HOPENY (467369) (NY).

Available states for this promotion

AZ, CO, CT, IA, IN, KS, MA, MD, MI, NJ, NY, PA, VA, VT, WV

This bonus from Fanatics comes in the form of 10 individual 100% deposit matches. They’re available on a once-daily basis for your first 10 days with an account.

In other words, you can claim a 100% deposit match up to $100 on day one, then again on day two, and so on until day 10.

If you miss a day, you don’t get the deposit match for that day. The deposit matches are granted as bonus bets.

Borgata Sportsbook

And finally, we come to Borgata Sportsbook. This is a niche sportsbook promotion mainly because Borgata is only available in New Jersey.

Bet $20, Get $100
In Bonus Bets

Validated on: July 17, 2024

Claim bonus

Visit BorgataOnline.com for Terms and Conditions. Must be 21+. NJ only. Void where prohibited. New Customer Offer. First bet must be made with min. odds of -200. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable bonus bets or site credit. Bonus bets expire in 7 days from issuance. Data & text rates may apply. Gambling Problem? Call 1-800-GAMBLER.

Validated on: July 17, 2024

Available states for this promotion

NJ

Even so, the Borgata sportsbook welcome bonus is worth a look. It doesn’t require a welcome bonus, and it gives you $100 in bonus bets after you place a qualifying first wager of $20 or more.

How do you claim the bonus?

To claim your bonus at a sportsbook, follow these simple steps:

  1. Use our links to head to your sportsbook(s) of choice.
  2. Click register, join or similar.
  3. If necessary, select your state from a drop-down menu.
  4. Provide all the required details: name, date of birth, address, email, phone number, ID, SSN, etc.
  5. If prompted, enter a sportsbook promo code.
  6. Verify your email or phone number with a link or code if the sportsbook requires it.
  7. Deposit into your account, keeping your welcome bonus in mind when you do so.
  8. Place your first bet; make sure it meets the minimum required for your bonus, if applicable.

That’s it; you should receive your bonus in accordance with the sportsbook’s terms and conditions once you complete those steps.

Types of welcome bonuses

Sportsbooks are known to rotate welcome bonuses from time to time, resulting in a few different types of offers. Here are the primary welcome bonus types you can expect from online sportsbooks. 

No deposit bonus

No deposit bonuses are exactly what they sound like. Some sportsbooks will give you a bit of betting credit or bonus bets just for signing up—no deposit required. The amount is usually small-ish, between $20 and $50 in credit, and it’s often paired with another bonus type.

You’re more likely to find no deposit bonuses at online casinos these days, but they pop up at online sportsbooks from time to time as well.

Deposit match bonus

Deposit match bonuses were once the most common sports betting welcome promo. Now, they’re a bit rarer. The idea is simple: A sportsbook will match your deposit up to a certain maximum. For example, DraftKings has been known to offer a 20% first deposit match up to $1,000, so a $100 first deposit would get you $20 in credit.

Fanatics recently burst onto the scene with a deposit match. You get one 100% deposit match up to $100 each day for 10 days after creating your account.

Up To 10x$100
In Bonus Bets
NO Code Required Claim bonus

Must be 21+ and present in AZ, CO, CT, IA, IL, IN, KS, MA, MD, MI, NJ, NY, PA, VT, VA, or WV. Not available in OH, TN, KY and NC. Void where prohibited. New customer only. Must opt-in daily (except day 1) by navigating to Discover or Promos page in the app & place $5+ qualifying wager each day with odds of -200 or longer to get a Bonus Bet match (max. $100 each day) for that day up to a total of 10 straight days. Qualifying wagers must be placed within 10 days from registration. Bonus Bets expire 7 days from issuance. Bonus bets amounts are non-withdrawable and winnings exclude bonus bet stake. Add’l Terms apply – see Fanatics Sportsbook app. Gambling problem? Call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), (888) 789-7777 or http://ccpg.org (CT), or 1-800-BETS-OFF (IA), or 1-800-9-WITH-IT (IN), or www.mdgamblinghelp.org (MD), or morethanagame.nc.gov (NC), or 1800gambler.net (WV). Data & text rates may apply. GAMBLING PROBLEM? Call 1-800-GAMBLER (CO/IL/KS/KY/MD/OH/MI/NC/PA/TN/VA/VT/WV), (800)-327-5050 or http://gamblinghelplinema.org (MA), Call (877-8-HOPENY) or text HOPENY (467369) (NY).

Available states for this promotion

AZ, CO, CT, IA, IN, KS, MA, MD, MI, NJ, NY, PA, VA, VT, WV

Bet and get bonus

Place a qualifying bet to get some bonus credits. That’s how bet and get bonuses tend to work, and they are increasingly common at online sports betting sites. In most cases, the qualifying bet must be at least $5, though some sportsbooks require a higher wager. Usually, the bonus bets are given even if your initial eligible bet loses. 

First bet insurance

With first bet insurance or a second chance bet (two different names for the same thing), you get refunded in bonus bets if your first wager loses.

For example, with BetMGM’s bonus, you can get up to $1,500 back on a first loss. If you wagered $500 and lost at BetMGM, you would get $500 in bonus bets, and the bonus would end.

Up To $1,500 In Bonus Bets
If Your First Bet Loses

Validated on: July 17, 2024

Claim bonus

Must be 21+. Min. first deposit of $10. New customers only. Subject to eligibility requirements. Rewards are non-withdrawable bonus bets that expire in 7 days. Bonus bets amount equals lost stake. Must be physically located in NC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH, or KY. Void where prohibited. In partnership with Kansas Crossing Casino and Hotel. Add’l terms apply – see BetMGM.com. Please Gamble Responsibly. Gambling problem? Call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-800-BETS-OFF (IA), (888) 789-7777 or ccpg.org (CT), 1-800-981-0023 (PR), 1-800-9-WITH-IT (IN), or www.mdgamblinghelp.org (MD), or morethanagame.nc.gov (NC), 1800gambler.net (WV). Data & text rates may apply. Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 or visit GamblingHelpLineMA.org (MA).

Validated on: July 17, 2024

Available states for this promotion

AZ, CO, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY

Other types of bonuses

Bonuses aren’t relegated to new users only. Plenty of options are available for players with existing accounts at an online sportsbook. Below, we highlight a handful of the most common ongoing promotions. 

Odds boost

As the name implies, boost the odds of a particular bet. Sportsbooks will sometimes offer boosted odds on a specific line or market, giving you a higher possible payout.

For example, you might see odds for Travis Kelce and Patrick Mahomes to connect for two touchdowns boosted from +150 to +200.

Profit boost

Profit boosts are similar to odds boosts, but they offer more flexibility. A profit boost can typically be applied to any bet you wish (as long as it’s within the terms and conditions of the promo). The profit boost will up your potential profit by the promised percentage. 

SGP or parlay insurance

Parlay insurance usually requires opt-in and placing a qualifying parlay. For example, some sportsbooks might stipulate you need to place a 4-leg parlay (or more). With parlay insurance, you have a chance to get your wager amount back (up to a listed maximum) if your parlay misses by exactly one leg. 

Referral bonus

If you have friends who haven’t signed up for a sportsbook, chances are you can refer them and get credits for it. Most sportsbooks have some form of referral bonus, usually to the tune of $50 in bonus credits, sometimes more. Your friend must sign up with your link or exclusive code, then make qualifying deposits and bets in line with the bonus’ terms and conditions. 

General sportsbook terms and conditions

Every promotion, whether it’s a welcome bonus or an offer for existing players, has terms and conditions. Be sure to read the detailed terms of any bonus before you claim it. A few commonalities can be found across most promotions, including these:

  • Playthrough requirement: Many bonuses require you to play through your bonus credits a certain number of times before you can withdraw them. The lower the requirement, the easier the bonus is to claim. 
  • Deadline: Bonuses might stipulate that you have to claim them within a certain time frame after signing up. For example, you may need to claim your bonus and make eligible deposits and wagers within seven days of creating your account. 
  • Bonus expiration: Once the bonus is claimed and you’ve received credits, they often expire after a certain amount of time. Usually, the timeframe is seven days, 14 days or 30 days. Use your bonus bets or credits before the deadline. 
  • How bonus bets work: When you bet with bonus bets and win, you will only receive the winnings and not the original bet amount. This is different from real money bets, which return your original stake and the winnings. 

FAQ

What are the most common sportsbook bonuses?

Sportsbooks are most commonly known to offer bet and get bonuses, first bet insurance and deposit matches. The occasional no deposit bonus is also available, but it is fairly rare. 

What is the best welcome bonus at a sportsbook?

This depends on the type of bonus you prefer. BetMGM has the best first bet insurance offer, while DraftKings has the strongest bet and get bonus. 

Are sportsbook bonuses worth it?

Yes. Sports betting bonuses can give you a lot of value for a fairly low upfront investment. We highly recommend claiming a bonus when you sign up for a sportsbook account. 

Can you claim more than one sportsbook bonus?

Yes, but not from the same sportsbook. In other words, you can sign up for different sportsbooks and claim the welcome bonus from each one. 

What are bonus bets?

Bonus bets are credits given out as part of sports betting promotions. They are essentially non-withdrawable betting credits you can use to place wagers. 

What is first bet insurance? 

First bet insurance, sometimes called a second-chance bet, is a bonus type that refunds your first wager if it results in a loss. The refund has a maximum, and it comes in the form of bonus bets. 

Which sportsbook has the best bet and get welcome bonus?

FanDuel and DraftKings have the best bet and get welcome bonus. When you wager $5 or more, you receive $150 in bonus bets. 

What are the best sportsbook promotions for existing bettors?

There are plenty of promotions for existing users, so it comes down to preference. We like parlay insurance and early payout promos best. 

Do you need a promo code for a sportsbook bonus?

Depends on the sportsbook. Some sportsbooks require a promo code while others simply need you to opt in for a bonus.