Maine is set to launch online sports betting after Governor Janet Mills signed the bill into law in May 2022. Users in the Pine Tree State can place online wagers as of November 2023.
This is an exciting time for sports bettors across the state, as prominent operators will be entering the Maine market, providing opportunities for signup bonuses and other promotions.
New-player offers can help build a bankroll through free bet credits, offered through various promos like deposit bonuses and free bets. With that in mind, let’s break down Maine sportsbook bonuses for you, including types of offers, best practices, and more.
What is a Maine Promo Code? And Why Use One?
You may have seen an alphanumeric code provided by operators with their new-player offers. This is referred to as a promo code, which must be inputted during registration in order to unlock the bonus.
Some sportsbooks may have promo codes, while others do not require one. If there is a promo code attached to the offer, you must use it in order to activate the bonus.
But don’t worry, as this information is easily accessible for you. It’s not like you’ll have to go searching to find a promo code for your offer.
Best Maine Sportsbook Promos
Users in Maine will have a number of options to choose from for sports betting. Each of these sportsbooks will come with their own welcome bonuses.
Here’s a breakdown of some of the most popular betting sites along with their offers:
DraftKings
DraftKings is the self-proclaimed “King of Sportsbooks," deserving of that moniker for its vast selection of betting markets, user-friendly experience, and numerous promotions.
These offers may include odds boosts, parlay insurance, free bets, and more. Their signup bonus has varied from deposit matches to Bet & Gets, each of which are great to build your bankroll.
FanDuel
FanDuel has become one of the most popular sportsbooks in the industry, evolving from a leading provider in daily fantasy to a powerhouse within sports betting.
With a player props market that is virtually unmatched along with a lucrative signup bonus, FanDuel is one of the top betting sites on the market. There are no shortage of options to build your Same Game Parlays here!
Caesars
Caesars is a reputable brand within this space, so you can always feel comfortable depositing your funds here, using one of their many banking methods at the site.
What helps differentiate Caesars from its competitors is its expansive VIP rewards system. This gives you a chance to enjoy a luxurious stay or fine dining at one of Caesars’ properties. On top of that, Caesars’ welcome bonus is consistently one of the most lucrative in the industry.
BetMGM
BetMGM carries the prestigious MGM brand within its user-friendly platform that includes fair betting lines, live wagering, and a number of diverse markets.
The site has offered risk-free bets with up to $1,000 in the past. This is a great offer to take advantage of because you can get off to a strong start in your sports betting venture by stacking your account with bet credits. It removes some of the risk with your bet because you’ll have it matched if it loses.
Are Maine Sportsbook Promos Worth It?
Maine sportsbook promos are worth it because they give you a chance to use free bet credits to obtain profit. You’ll get an opportunity to use these credits to build your bankroll as you start off your sports betting venture.
Why Do Maine Sportsbooks Offer Promo Codes?
Maine betting sites offer promo codes to attract new users to their platforms. It’s a marketing tool to increase their share in a new state, such as Maine.
Providing new users with a welcome bonus that gives them free bet credits is a great way to get them to sign up at the sportsbook.
Who is Eligible For a Maine Sportsbook Bonus?
New users aged 21 years or older are eligible for a Maine sportsbook bonus. To place a wager, users must be situated within the state of Maine at the time of their bet.
Maine Sportsbook Promo Code vs Bonus Code
Promo and bonus codes are interchangeable terms with the same meaning. One site may call it a promo code, while the other could have it listed as a bonus code. Either way, you’ll only need one code to kick off your registration and activate the bonus.
Do You Need A Maine Promo Code?
You may need a Maine promo code for some sportsbooks, while other sites do not require one. You will be informed by the operator if a promo code is required.
If the site needs a promo code, we’ve got you covered in our sportsbook hands-on reviews here at The Game Day.
Best Maine Sports Betting Bonus Types
No-Deposit Bonus
A no-deposit bonus is a type of offer where new users are provided with bet credits upon completing the registration process. Like the name suggests, there is no need to make a deposit in order to unlock this offer.
No-deposit bonuses are usually given in smaller numbers, ranging from $5 to $20.
Deposit Match
Deposit matches are when the sportsbook matches your initial deposit up to a maximum number, often ranging from $100 to $500. For example, if you deposit $500 in a 100% deposit match up to $500, your balance will be $1,000 ($500 cash + $500 credits).
These are one of the best new-player offers available within the sports betting industry.
Risk-Free Bet
Risk-free bets, also known as “First Bet Insurance," or “No Sweat First Bet," are when your first wager is refunded if it loses. This is capped at a certain number, usually ranging from $250 to $1,000.
In other words, if you place a $1,000 bet on the Knicks moneyline at +100 odds and they lose, you’ll get back $1,000 in bet credits. If you win, you receive your winnings as you would with a normal wager.
Keep in mind that the distribution of the refund may vary, with some sites providing a single bet token and others in smaller denominations.
First Bet Match
First bet matches are where a sportsbook will provide you with bet credits that match your initial wager on the platform. This is capped at a maximum number, depending on the operator.
There is no need to win this bet in order for you to receive this bonus.
Bet & Get
Bet & Get is similar to a first bet match in that you receive bet credits simply for placing a wager. You don’t have to win to receive your bonus.
The only difference is that Bet & Get is a fixed amount, while first bet matches depend on your own stake. Bet & Gets are usually provided to drive interest towards a particular marquee sporting event, such as the Super Bowl.
How To Pick the Best Maine Sportsbook Promotions
Follow these guidelines to help you choose the best Maine sportsbook promo for you:
- Deposit matches are the best offer because you get bonuses just for funding your account.
- Bonuses with higher maximums are preferred, since that gives you more of a chance to build your bankroll.
- Choose a site that has a user-friendly interface to make sports betting easier.
- The platform should have a robust selection of betting markets, including player props.
- It’s best if the site posts player props early, giving you a chance to get an edge.
- Promos should have lower wagering requirements, so you don’t have to play through the bonus too much before being able to withdraw your winnings.
How To Use Maine Sportsbook Bonuses
Here are a few strategies to keep in mind to get the most out of your Maine sportsbook bonus:
- Treat it as if it were your personal funds.
- Make informed wagers based on data.
- Focus on straight bets with parlays mixed in.
- Manage your bankroll so that you don’t risk too much on one wager.
- If you’re able to, it’s better to max out the bonus to take full advantage of the offer.
Do Maine Sports Betting Bonuses Have Restrictions or Limitations?
Some sportsbooks have restrictions on their offers:
- Minimum odds of -200 or longer (ex. -150, -125, +100, etc.) on your risk-free bet.
- Bonuses are maxed at various figures, depending on the sportsbooks.
- Only certain bet types may be used for some of the bonuses.
There is also a restriction for all of Maine sports bettors:
- You must be 21 years or older and located within state lines during the time of your wager.
What Are Wagering Requirements?
Wagering requirements are the number of times that you need to play through a bonus before you can withdraw from your account. This is shown through a multiplier, as shown in the example below:
- 100% Deposit Bonus up to $250.
- 5x Wagering Requirement.
- You must bet $1,250 (250 x 5) in order to withdraw.
These requirements can vary (ex. usually from 2x to 5x), depending on the bonus.
There is also a time limit put in place with these bonuses. You usually have to complete the wagering requirements within 30 days of receiving the bonus.
Free Bets vs Maine No-Deposit Bonuses
No-deposit bonuses and free bets are two types of promotions with similar traits.
When you get bet credits for signing up to a site but without having to deposit money, that is a known as a no-deposit bonus.
Free bets are often given as loyalty rewards to active users. They can also be provided during a major sporting event, like Monday Night Football.
Both of these offers are smaller amounts, usually ranging from $5 to $20. However, free bets can be higher if your normal stake at the site is a larger figure.
Look for More Than One Maine Sportsbook Promo
It’s important to look for more than one Maine sportsbook promo. Here’s why:
- You can take advantage of multiple offers and stack your bankroll with bet credits.
- Shop around different sites to find the best price on your preferred wager.
- Each sportsbook has a specialty, so joining more than one helps optimize your experience.
