Best Sportsbook Promotions

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The US sports betting market is an extremely competitive one, and sportsbook promos are built to attract your business.

We’re here to inform you on the top US betting promos currently available at the best sportsbook operators.

There are many different kinds of online sportsbook promotions new users should know about before getting started, so we’ll break it down for you below.

My Experience With Sports Betting Promos

My experience with sports betting promos has always been positive because they add more value to your wagers, allowing you to build your bankroll.

New player offers like Bet & Get and Deposit Bonus add bet credits to your balance. Using these bonus bets wisely can put you in a strong position.

For example, I like to use 75% of my bet credits on straight wagers, since they are easier to win. I know most people get enticed to use their bonus on parlays, but it’s better to focus on single bets.

Some sites offer First Bet Insurance, where your initial wager is matched if it loses, usually capped at $1,000.

I’ve always played it safe with this bonus as well, since your goal is to win your first bet, rather than rely on the refund to recoup your losses.

The key takeaway from my experience here is that if you take a prudent approach to your bonus bets by carefully selecting your wagers, you have a great chance to add to your total balance.

This also applies to recurring promotions like odds boosts, which enhance the odds of selected wagers.

When I looked at the bet boosts available, I would compare the odds with other sites to see if I was getting enough value to place a bet.

For example, I once saw Anthony Edwards Over 26.5 points boosted from (-130) to (+100) odds. When I saw that the rest of the market had this at (-140), I determined that this was a good boost to target.

The bottom line is that you have to make an informed decision with your wagers, even on bonus bets and odds boosts.

Do your research and treat the bonus as if they were personal funds. Doing so has allowed me to have a positive experience with sports betting promos.

Best Sportsbook Promos

Sports betting is now legal in several states, which has created a lot of competition.

Sportsbooks need to attract new users to their websites, so they provide useful promotions to entice users to register for an account and place wagers with the site.

Be sure to take advantage of these promotions!

1. Caesars Sportsbook

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💰 Caesars SportsbookUp to $1,000 in Bonuses
🎁 Promo CodeGAMEDAY1000
📔 Terms & ConditionsYour first bet is matched up to $1,000 in bonuses if it loses. The bonus will be provided as a single bet token that matches your initial wager.
⚖️ Caesars Legal StatesAZ, CO, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, NV, NY, OH, PA, TN, VA, WY, WV

Caesars Entertainment, a world-wide casino conglomerate, established a sportsbook in 2018. In August 2021, the company purchased William Hill, another prominent sportsbook, which merged two leading brands into an industry giant.

Caesars Sportsbook has been an industry leader when it comes to enticing betting promotions, including First Bet Insurance with high limits. The site is also known for its many odds boosts and a tremendous rewards program.

The current Caesars new user promo code GAMEDAY1000 is a $1,000 First-Bet Bonus, which gives new users bonus bets in the amount of their first wager (capped at $1,000) if the bet loses.

The bonus bet is credited 72 hours after your first bet is graded as a loss.

You cannot break up the bonus into smaller wagers - it’s one bonus bet and it expires in 14 days. The bonus bets have no cash value.

You will find several payment options at Caesars, such as online banking, PayPal, Cash at Casino, and many more. This operator also has a comprehensive selection of bet types and betting markets, so don’t miss out on signing up!

The sportsbook has a terrific welcome bonus with weekly promotions and a tiered loyalty rewards system that provides great perks to its customers. Right now, you can get the Caesars Sportsbook promo code of $200! It is currently available in 21 states U.S. states, including Kentucky - the latest state to launch sports betting.

2. BetMGM Sportsbook

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💰 BetMGM SportsbookUp to $1,500 in Bonuses
🎁 Promo CodeGAMEDAY
📔 Terms & ConditionsYour first bet is reimbursed up to $1,500 if it loses. The bonus will be provided as 20% increments of your initial wager (ex. $1,000 bet = five $200 bonus bets).
⚖️ BetMGM Legal StatesAZ, CO, IN, IA, IL, KS, KY, LA, MD, MI, NC, OH, PA, TN, VA, DC, WV, WY

In 2018, MGM Resorts and Entain Holdings formed a 50-50 partnership to develop BetMGM Sportsbook. The sportsbook headlines several casinos around the world and features a user-friendly mobile app, which is available in multiple states.

BetMGM Sportsbook has a detailed live-betting platform with live-streaming options, allowing registered users to follow their wager.

It includes multiple payment options and betting markets, including an “Easy Parlay” feature which allows users to create their own parlays with multiple bets. This is especially helpful for new bettors who are unsure of how to create a Same Game Parlay.

The BetMGM mobile app includes a welcome bonus as well as weekly promotions that are quite helpful.

When it comes to sportsbook promo codes, the thing to know about BetMGM is you will be asked to enter a “bonus code" rather than a “promo code" when you register for the first time.

When that happens, you’ll want to enter BetMGM bonus code GAMEDAY for a $1,500 First-Bet Bonus.

What that means is if your first bet loses, you’ll get that amount back in the form of bonus bets.

Unlike other sportsbooks, the BetMGM bonus allows you to split up your bonus bets. The bonus can be divided into 20% increments of your first wager.

For example, a $1,000 bet will return five $200 bonus bets if it loses. Do note that if your initial bet is less than $50, you will receive a single bet token that matches your first wager.

This is one of the better offers in the industry, so sign up today at BetMGM.

3. FanDuel Sportsbook

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💰 FanDuel SportsbookBet $5, Get $150
🎁 Promo CodeNone Required
📔 Terms & ConditionsPlace a $5+ wager as your first bet. If you win, you will receive $150 in bonus bets.
⚖️ FanDuel Legal StatesAZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY

FanDuel began as a daily fantasy sports website in 2009. It became one of the leaders in the daily fantasy sports industry. In July 2018, Paddy Power Betfair bought FanDuel and expanded its operations to create a sportsbook.

FanDuel Sportsbook features one of the best mobile apps with a useful rewards system. The sportsbook debuted the Same Game Parlay in November 2019, which allowed users to create parlays with several bet types within the same game, such as moneylines, totals, and player props.

Same Game Parlays have spread throughout the industry due to their popularity.

This operator is available in several states and boasts quick payout times with several banking methods. They also have some of the best lines in the industry, which is important because you always need to be searching for value as a sports bettor.

Always keep an eye for their promotions, such as odds boosts, which add value to your bets.

You can access FanDuel in several states, as this sportsbook is usually one of the first to open up in a new market.

Currently, new signups can get the FanDuel Bet $5 Get $150, which gives you $150 in bonus bets if your first wager cashes.

The thing to know about FanDuel is you will never have to enter a specific FanDuel Sportsbook promo code to redeem your offer. Simply click any of the links on this page to get started.

4. DraftKings Sportsbook

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💰 DraftKings SportsbookBet$5, Get $200 Bonus
🎁 Promo CodeNone Needed
📔 Terms & ConditionsGet $200 in bonus bets credited to your account instantly and a get a bonus bet back equal to your initial wager if your SGP/SGPx doesn't win.
⚖️ DraftKings Legal StatesAZ, CO, CT, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS (retail), NH, NJ, NY, OH, OR, PA, TN, VA, WA, WV, WY

DraftKings started off as a daily fantasy sports platform back in 2012 and quickly became one of the leaders in the industry.

The company ventured into sports betting with the creation of DraftKings Sportsbook in 2018. It is now available in many states and is often one of the first sportsbooks to open in a state where gambling is recently legalized.

DraftKings Sportsbook has partnered with Michael Jordan as well as the NFL, ESPN, and other notable brands. The sportsbook features a ton of betting markets and bet types, along with promotions like odds boosts and parlay insurance.

Users are able to earn points in the rewards program and build Same Game Parlays, which are useful because you can combine correlated events for higher payouts.

Where DraftKings really stands out is their player props market. This site is consistently one of the first operators to post lines, often the night before game time.

This is helpful because it gives you a chance to lock in a favorable number before the line moves. The DraftKings $200 promo code is currently one of the best bet and get offers on the market.

5. bet365 Sportsbook

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💰 bet365 SportsbookBet $5, Get $150 OR $1K First Bet Safety Net
🎁 Promo CodeGAMEDAY
📔 Terms & ConditionsFor the "Bet $5, Get $150," place a $5+ first wager to get $150 in guaranteed bonus bets. The "1K First Bet Safety Net" is where your first bet is refunded up to $1,000 if it loses.
⚖️ bet365 Legal StatesAZ, CO, IA, IN, KY, LA, NC, NJ, OH, VA

Bet365, a U.K. sportsbook that has been loved around the world since 2000, is making an aggressive - and thus far pretty successful - push in the U.S. market.

This operator is able to compete with the Big 4 because it provides industry-leading odds, the fastest payouts in the market and amazing, exclusive promotions like Early Win Payouts and daily Super Boosts.

Similar to BetMGM, bet365 usually has a “bonus code" rather than a “promo code" tied to its promotions. The bet365 Sportsbook promotion for new users is a Bet $5, Get $150 in Bonus Bets - regardless of your bet’s outcome, or a $1K First Bet Safety Net deal.

This is the only sportsbook I’ve seen that offers the choice between one of two welcome bonuses.

It’s great to see bet365 catering to both recreational bettors (low barrier of entry with Bet $5, Get $150) and high-stakes users (high limits with $1K First Bet Safety Net).

6. Fanatics Sportsbook

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💰 Fanatics SportsbookGet up to $1,000 in Bonuses
🎁 Promo CodeNone Required
📔 Terms & ConditionsPlace one $100 bet to get one $100 bonus bet for 10 consecutive days, adding up to $1,000. You can place smaller wagers, but this is how to max out the offer. Do not miss one day out of the 10 consecutive day period or you will forfeit the bonus for that day.
⚖️ Fanatics Legal StatesCO, IA, KS, KY, MD, MA, NJ, OH, PA, TN, VA, WV

The Fanatics Sportsbook promo is now live with a Bet $100 for 10 days, Get $1,000 in bonus bets.

Here’s how it works: Sign up and bet $100 for the first 10 days of opening your account and you’ll get $1,000 in bonus bets regardless of whether your bet wins or loses.

For example, if I bet $100, I would receive one $100 bonus bet. If I did this for 10 consecutive days, I’d have 10 $100 bet tokens, adding up to $1,000, which is the maximum.

It’s worth noting that if you miss one day during this 10-day period, you forfeit the bonus for that day – it needs to be 10 in a row.

You don’t need to bet $100 on each day, but that would allow you to max out the offer.

This is a unique welcome bonus compared to the standard first deposit matches and first bet insurance that we often see across the industry.

7. BetRivers Sportsbook

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💰 BetRivers SportsbookSecond Chance Bet up to $250
🎁 Promo CodeNone Required
📔 Terms & ConditionsYour first bet is refunded up to $250 if it loses.
⚖️ BetRivers Legal StatesAZ, CO, IL, IN, IA, LA, MD, MI, NJ, NY, OH, PA, VA, WV

BetRivers is owned and operated by Rush Street Interactive. It became a sportsbook in 2018 and added online betting in 2019.

The sportsbook took up operations in the United States in 2019 and is now available in several states with that number expected to continue to grow.

BetRivers Sportsbook offers live-streaming of selected events, which allows users to check in on their bet in real time. It is a safe and reliable sportsbook that provides multiple payment options with minimal processing times.

This operator has an app that is easy to use, which optimizes the betting experience. There are also suseful promotions such as profit boosts and bet & get offers on marquee sporting events, like UFC fights.

The BetRivers Sportsbook promo is a Second Chance Bet up to $250. This means that if your first bet loses, you’ll get that amount back in the form of bonus bets (up to $250).

You can often find favorable lines at BetRivers, making it worth signing up at this user-friendly platform.

8. Hard Rock Bet Sportsbook

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💰 HardRock Sportsbook$100 No Regret First Bet
🎁 Promo CodeNone Required
📔 Terms & ConditionsPlace your first bet on any market. If it wins, enjoy your profit. If it loses you will be refunded in bonuses up to $100.
⚖️ HardRock Legal StatesAZ, TN, IN, VA, OH, NJ, IA

Florida sports betting is back from the dead and that means the return of the Hard Rock Bet promo, which is offering new users a $100 No Regret First Bet.

This works the same way as the Caesars and BetMGM new user promos that give you bonus bets back if your first wager loses. Sign up with the Hard Rock Bet sportsbook promo (no promo code needed) and make your first bet of at least $10.

If it loses, you’ll get your wager back in bonus bets, up to $100.

There is a 1x playthrough requirement, which means you need to bet the amount of your bonus token (if your bet loses) one time before you can withdraw any winnings earned from using your bonus bet.

The bonus bet can be split up into smaller bet token, unlike the Caesars Sportsbook promo offer.

This offer is also available in other states like Ohio, Tennessee, Virginia, New Jersey, Iowa, Indiana, Ohio and Virginia.

Types of Sportsbook Promos

Promotional offers can be highly useful, so it’s important to make yourself aware of the best offers provided by online sportsbooks.

Deposit Match Bonus

As a new signup, you can get a sportsbook deposit match. Deposit match bonuses are when sportsbooks match a new user’s first deposit up to a certain amount, usually varying between $100-$1,000.

This money is immediately reflected into the account once the deposit is complete. It is provided in site credits, which can be used to win more real money.

Site credits are either non-withdrawable, or withdrawable after playthrough requirements are met. This means that users need to bet the bonus amount the required number of times (1x, 10x etc) in order to withdraw their winnings from the bonus.

Sportsbooks typically set the playthrough requirement between 1x-5x, making it pretty attainable.

Bonus Bets

In simple terms, a bonus bet is a sportsbook promotion which gives you a set dollar amount to wager with - usually as part of a new user sign-up bonus. The specific value of the bonus bet depends on the promotion and the sportsbook you’re using.

An example of this is FanDuel’s Bet $5, Get $150 in bonus bets if your first wager wins offer. This deal gives you six $25 bonus bets as soon as you sign up and bet at least $5. The bonus bets have no cash value and will not be included in any winnings.

Typically, players can acquire bonus bets through welcome bonuses, ongoing promotions, or referral offers provided by sportsbooks.

Second Chance Bet

A “second chance bet" after stricter regulations took hold, provides new users with bonus bets if their first wager loses.

The sportsbook will reimburse a new user’s first losing bet up to a certain amount, varying from $100-$1,000. If the user wins their first bet, they will not receive any bet credits. It is only provided if the bet loses.

Bonus Bet offers are useful because it allows bettors to place a wager on a specific event without using their own funds.

First-Bet Match

First-bet matches are when a user’s first bet is matched in bet credits by the sportsbook.

There is usually a link provided on the website where bettors can claim their first-bet match. This can be found on the user’s account.

For example, if I placed a $200 bet on an NFL game, I would receive $200 in site credits to either use on a future bet or add on to the current bet.

Bet and Get

Bet and Get is when users can place a bet on a specific betting market and receive bet credits just for placing the wager.

However, FanDuel’s sportsbook promotion requires your first moneyline wager to be a winner, while the bet365 Bet $5, Get 150 promo rewards you bonuses just for placing a bet.

My Favorite Sports Betting Promos

While every sports betting promo is valuable, there are a few that stand out as my favorites:

Bet & Get

Bet & Get offers make it easy for new users to lock in bonuses. With a low bet of $5, you can secure $150-200 in bet credits, allowing you to get off to a great start in your sports betting venture. For example, the BetMGM promo $10 for $200 gives you $200 in bonus bets for a $10 bet on any market.

I prefer if the Bet & Get offer does not require your initial wager to win to receive the bonus, but it’s still useful in that way as well.

What I like to do is shoot for the moon with my $5 bet, since most of these offers give you the bonus even if that wager loses. From there, I play it safe with my $150-200 in bonuses.

Early Payout

Early Payout is an offer where your pre-game moneyline bet is graded as a win if your team is leading by a certain number of points/goals/runs at any point of the game.

This varies by sport, with baseball requiring your team to be up by five runs.

It’s a terrific offer because you won’t have to worry about pulling your hair out when your team blows a large lead and loses the game.

The offer is popular at bet365, causing other sportsbooks to join in. For example, DraftKings has a promo where if your MLB team is leading by two runs at any point of the game, it’s graded as a win.

Dinger Tuesday

Dinger Tuesday is a baseball promo involving home run props. Simply place $25+ on a player to hit a home run and get back $5 bonus bets for each home run hit in the game.

That’s right – even if your player does not homer, you will still receive one $5 bonus bet per home run.

This is a popular promo that you can find at FanDuel.

How to Choose the Best Sports Betting Promos

Keep these factors in mind when choosing a sports betting promo:

  • Accessibility: Offers requiring small bets (ex. Bet $5, Get $150) are preferred because you don’t need to wager a large amount to get the bonus.
  • Requirements: You want a bonus with a lower playthrough requirement (1x-3x), making it easy to convert your bet credits into withdrawable funds.
  • Limits: Promos with higher limits are preferred. For example, First Bet Insurance up to $1,000 is better than the same offer capped at $500.
  • Focus: Bonuses that focus on specific sports – like Dinger Tuesday at FanDuel – are unique and enjoyable.

What Is a Sportsbook Promotion?

A sportsbook promotion is a unique sportsbook offer that is designed to get new users to sign up with their betting app, rather than a competitor.

The Game Day offers expert reviews of all new user promotions for several sportsbooks and daily fantasy websites, including Caesars, FanDuel, DraftKings, PrizePicks, and Underdog Fantasy.

Promotions can also be recurring offers for existing users, like Dinger Tuesday, Early Payout, and other odds boosts.

You don’t want to miss out on promos because they give you more value on your bets.

How Do I Claim a Sportsbook Promo?

You can claim an online sportsbook promotion through a variety of ways found below.

  1. Click our “Get Bonus” link to get to the sportsbook landing page.
  2. Sign up for a new account by creating a username and password.
  3. Include your personal information to verify your identity.
  4. Enter the promo code if it is required.
  5. When claiming a recurring promotion, you may need to “opt-in” to the offer.
  6. Go to “Promotions,” click your preferred offer, and select “Opt-In.”
  7. Place your bets.

Why Do Sportsbooks Offer Promotions?

Sports betting operators offer sportsbook promotions to generate enthusiasm and build customer loyalty.

For example, a first deposit bonus is when a sportsbook matches the first deposit in bet credits, which allows users to use those funds to continue to build their bankrolls. The hope is that the user will continue to place bets on that sportsbook.

Promotions are also offered to attract users to a specific betting market. For example, there might be an NHL promotion, where users receive a certain amount of money for every goal their team scores.

This would influence users to try to bet on the NHL because of the benefits of this promotion.

The more promotions that a sportsbook offers, the better the platform. You want as many opportunities to get more value on your bets as possible.

Sportsbook Promotions by League

NFL

Every football season you can be assured that a plethora of NFL betting promo codes will become available for both new and existing bettors. These are important promotions to keep an eye on because they are usually very easy to achieve.

The NFL is by far the most popular sport with bettors, so sportsbooks will release a ton of odds-boosts, risk-free bets, and other fun bets and promotions to help you pad your bankroll.

For example, this BetMGM promo is extremely easy. All you need to do is sign up and place a $5 bet and you’ll get $150 in bonus bets instantly.

NBA

Many NBA promotions during the season tend to revolve around prop bets. For example, you may place a bet on a team to win, and for every three-pointer your team makes, a sportsbook will give you free bets.

You may also find offers related to “First Basket” markets, where you are awarded with bet credits if your pick loses.

MLB

Spring time is a great time for sportsbook promotions because there’s a lot of excitement around the start of the season.

A lot of the operators will offer special promotions for home runs, strikeouts, and other exciting plays that happen throughout a baseball game.

My personal favorite is Dinger Tuesday at FanDuel, where you pick a player to hit a home run and get bonus bets for each home run hit in that game.

You can also find fantastic sport-specific offers like the DraftKings MLB promo that will let you wager on any baseball game.

Many sportsbooks will offer feature parlays, bets, and more every day and they often come with boosted odds.

You can pick and choose which ones you want to take, but a lot of times they’re interesting parlays correlating with the most highly anticipated games and best players.

NHL

NHL promotions are usually offered in the form of a Bet and Get. For example, users that bet at least $25 on a certain game might receive $5 for every goal their team scores.

They’ve also begun to offer promotions on props. Like the BetMGM First Goal Scorer promo, which gives players up to $25 back in bonus bets if your first goal scorer bet loses.

During the playoffs, the offers start to heat up, and there are several useful NHL promotions, such as an offer where if you bet at least $50 on a team to win the Stanley Cup, you would get an additional $5 for every postseason win.

College Football

College Football promotions tend to revolve around the National Championship or other important Bowl games.

Some operators will offer no-brainer bets such as bet Alabama to Score a Point at boosted (+100) odds.

Sportsbooks will also run a ton of parlay and bet insurance promotions for existing customers to get the best bang for your buck on college football bets.

College Basketball

NCAA Basketball promotions are primarily focused on the March Madness tournament due to its popularity.

For example, FanDuel previously offered new users a chance to 10x their first bet and many operators improved their offers during the NCAA Tournament.

For existing customers, many of the operators offer either no-sweat or bonus bets for any games or parlays during the tournament. Like the DraftKings March Madness promo, where all users can get a No Sweat Bet on any NCAA Tournament game.

Author

Frank Ammirante

Frank Ammirante is a Senior Sports Writer at The Game Day. Previously, he wrote for 4for4 Football and RotoBaller. Frank is a member of the Fantasy Sports Writer's Association while maintaining an active presence within the community. He has competed in industry contests like the Scott Fish Bowl, The Great Fantasy Baseball Invitational, and more. Frank will be making his debut in Tout Wars this year. He's got a diverse sporting background, but specializes in football and baseball.

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