Best Sportsbook Promotions & Bonus Bet Offers For CBB

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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 sportsbook 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.

Best Sportsbook Promos & Bonuses For March 2024

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Sportsbook PromoBonus DetailsBest Feature
BetMGM Sportsbook Huge Welcome Offers + Rewards Program
bet365 SportsbookBest Odds + Daily SuperBoost
DraftKings SportsbookUser Experience + Existing User Promos
Caesars SportsbookDaily Odds Boosts + Great Rewards
Fanatics SportsbookWagers = FanCash for Merch
FanDuel SportsbookMobile App Experience + Fast Payouts
ESPN BET Sportsbook$100 Bonus InstantlyMobile App

Top Sportsbook Promotions For March Madness

Sports betting is now legal in 34 states, with mobile betting available in 28 states. That 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!

Caesars Sportsbook Promo

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Caesars Sportsbook Promo Code GAMEDAY1000
Caesars Sportsbook Promo Details$1K First Bet Bonus
Caesars Sportsbook Promotion TermsBonus bet awarded within two business days of bet being graded a loss; bonus bet has no cash value and expires in 14 days
Caesars Sportsbook Legal StatesAZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, MI, NV, NJ, NY, OH, PA, TN, VA, WY, WV, Washington, D.C.

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. It’s now operating in 21 states.

Caesars Sportsbook has been an industry leader when it comes to enticing sportsbook promotions, such as a $3,000 risk-free bet it rolled out a couple years ago. Caesars Sportsbook is also known for its many odds boosts and a tremendous rewards program.

The current Caesars Sportsbook new user promo code 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 a loses.

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.

Caesars Sportsbook offers several payment options, such as online banking, PayPal, Cash at Casino, and many more. They have a comprehensive selection of bet types and betting markets.

The sportsbook has a terrific welcome bonus with weekly promotions and a tiered loyalty rewards system that provides great perks to its customers. It is currently available in 21 states U.S. states, including Kentucky - the latest state to launch sports betting.

BetMGM Sportsbook Promotion

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BetMGM 50% SGP BoostNo code needed, just opt-in
BetMGM 33% Multi-Sport Parlay BoostNo code needed, just opt-in

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 22 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 the . Entering the BetMGM bonus code GAMEDAY unlocks a $1,500 First-Bet Bonus.

This acts in the same way as the sportbook promos that were previously known as “risk-free bet" promotions.

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

Unlike the Caesars Sportsbook promo code GAMEDAY1000, the BetMGM Sportsbook bonus code GAMEDAY allowed you to split up your bonus bets.

The BetMGM Sportsbook bonus offers new users bonus bets that will be divided in 20% increments of your first wager, unless you bet less than $50 - then you’d receive a single bonus bet.

FanDuel Sportsbook Promotion

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FanDuel Sportsbook Promotion
FanDuel Sportsbook Promo CodeNone Needed
FanDuel Sportsbook Promotion TermsCredited as 8 $25 bonus bets within 72 hours of your bet being settled as a win; bonus bets have no cash value and are not included in winnings. Bonus bets expire in 7 days.
FanDuel Legal StatesAZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MI, MS (retail), NJ, NY, NV, OH, PA, TN, VA, VT, WA, 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.

The sportsbook is available in several states and boasts quick payout times with several payment 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. The 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 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: Just click any of the links on this page to get started.

DraftKings Sportsbook Promotion

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💰 DraftKings Sportsbook PromotionBet$5, Get $150 Bonus
🎁 DraftKings Sportsbook Promo CodeNone needed
📔DraftKings Sportsbook Promotion TermsBet $5, Get 6 $25 bonus bets that expire in 7 days. Bonus bets have no cash value and come with a 1x rollover (you must bet your bonus bet 1x before winnings are withdrawable).
⚖️ 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.

The current DraftKings new user promo is a Bet $5, Get $150 in bonus bets deal. You’ll get 6 $25 bonus bet tokens immediately. You can use them on any market you’d like, but you only have 7 days to use them once they’ve been issued.

The bonus bets have no cash value and come with a 1x rollover, which means you must bet $25 before you can withdraw any winnings gained from using one of your bonus bets.

bet365 Sportsbook Promos

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bet365 Bonus Code
bet365 Bonus Code
bet365 Min. Deposit$10
bet365 Legal StatesNJ, CO, IA, KY, VA, OH, LA, AZ, IN, NC

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.

Bet365 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 is a Bet $5, Get $150 in Bonus Bets - regardless of your bet’s outcome, or a $1K First-Bet Safety Net deal.

Fanatics Sportsbook Promo

Fanatics Sportsbook is now live with a Bet $100 for 10 days, get $1,000 in bonus bets offer in Colorado, Kentucky, Ohio, Maryland, Tennessee, Virginia, West Virginia, Vermont, Massachusetts and Connecticut.

The Game Day will have this offer available in the coming months.

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

If you bet $50, you’ll get a $50 bonus bet. It’s all up to you how much you get in bonus bets. The max is $1,000.

BetRivers Sportsbook Promo

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.

BetRivers has an app that is easy to use, which optimizes the betting experience. The sportsbook features useful promotions such as profit boosts and bet & get offers on marquee sporting events, like UFC fights.

The BetRivers Sportsbook promo is a 2nd 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).

Hard Rock Bet Sportsbook Promo

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 you 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 Ohio, Tennessee, Virginia, New Jersey, Iowa, Indiana, Ohio and Virginia.

Best Sportsbook Promotions & Bonuses

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, PrizePicks, and Underdog Fantasy.

How Do I Claim a Sportsbook Promo?

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

  • Links - there will be a link on the sportsbook to access the promotion
  • Promo code - you will be given a promo code to type in upon registration
  • Opting in - there will be a notification prompting you to opt in to the promotion

The Best Sportsbook Promos Explained

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 at 1x or 10x. Occasionally the playthrough requirement will be as high at 15x, which is the case with DraftKings’ 20% Deposit Match bonus up to $1,000.

The thing that helps offset that requirement is they give you 90 days to meet the rollover and you can use DFS and online casino games (in MI, PA, NJ, CT & WV) to reach the rollover.

Bonus Bet Sportsbook Promotions

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 if your first wager wins offer. This deal gives you 6 $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.

Risk-Free Bet

A risk-free bet, though now called 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 incurring any financial risk since they’ll get their money back in bet credits.

First-Bet Match Promos

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 Promos

Bet and Get is when users can place a bet on a specific betting market and receive bet credits just for placing the wager. For example, BetMGM has a promotion right now that allows you to get $200 in bonus bets for a $10 bet on any market.

Meanwhile, DraftKings and FanDuel both have promos that offer $150 in bonus bets for a $5 wager.

The difference there is FanDuel’s sportsbook promotion requires your first moneyline wager to be a winner, while DraftKings gives you your bonus immediately after you bet $5.

Another promotion might involve betting at least $25 on an MLB game, where you would get $5 for every home run that your team hits. A third example of a fantastic bet and get is the bet365 Bet $5, Get 150 promo.

Why Sportsbooks Offer Promotions & Bonuses

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.

What Are The Best Sportsbook Promotions?

A bunch of offers have changed recently, but right now the best sportsbook promo out right now comes via the BetMGM bonus code GAMEDAY. When you sign up for that particular sportsbook promo you’ll get 3 $50 bonus bets as soon as you wager at least $5 on any market.

We like this sportsbook promo best because it involves very little monetary risk and you don’t have to win your first bet, unlike the FanDuel Sportsbook promo (that deal dictates you win your first wager).

We also like this over the DraftKings Sportsbook promo, which is currently a $1K No Sweat Bet. This means you need to bet at least $1 and if it loses, you’ll get that amount back in bonus bets up to $1,000.

The second bets option is the bet365 Sportsbook promo, which offers a Bet $5, Get $150 in bonus bets instantly deal. The only thing that limits that offer is bet365 isn’t available in as many states as BetMGM.

Sportsbook Promotions & Promo Codes By League

NFL Sportsbook Promos

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 Sportsbook Promotions For New Users

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.

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.

College Basketball Sportsbook Promotions

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

For example, FanDuel 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.

College Football Sportsbook Promos For New Users

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.

Some operators, such as Caesars and their First Bet On Caesars Bonus, will offer risk-free, no-sweat, or second-chance bets so if your bet loses, you’ll get your stake back in free bets up to a predetermined amount.

Operators 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.

NHL Sportsbook Promos For New Users

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 Unibet’s promotion 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.

MLB Sportsbook Promos

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.

For example, BetMGM offers users a chance to win a $2 Bonus Bet for every home run hit in select games, as long as the bet was at least $25. There are also odds boosts, where you might win +500 if the Atlanta Braves won and Eddie Rosario hit a home run.

When baseball starts up again next spring, be sure to check out the DraftKings MLB promo.

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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