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Here you’ll find the best sportsbook promotions available throughout the betting industry. This page will be updated to reflect the most recent promotions.

Best Sportsbook Promotions

What Is an Online Sportsbook Promotion?

An online sportsbook promotion is when a sportsbook provides users with an opportunity to build their bankrolls with welcome bonuses (first deposit bonuses or risk-free bets), odds boosts (providing better odds on a specific outcome), and much more.

Sportsbook promos are offered throughout the year, often on a weekly basis. They can be catered towards a marquee sporting event or specific sport.

Always keep an eye out for the latest promos because they put you in a better position to succeed as a sports bettor!

Why Do Online Sportsbook Offer Promotions?

Online sportsbooks offer promotions to generate interest in their sportsbook. 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.

How Do I Claim an Online Sportsbook Promotion?

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

What Is a Promo Code?

A promo code is a code that you input in order to access the promotion on your online sportsbook. TheGameDay offers users with promo codes for several sportsbooks and daily fantasy websites, including Caesars, PrizePicks, and Underdog Fantasy.

Do I Need a Promo Code?

Some promotions require a code, which are easily entered on the sportsbook website. Other promotions can be accessed either through a link on the sportsbook or by opting in to the promotion. This is when a sportsbook provides a notification to the user, which asks if they would like to opt in to the promotion.

Best Promotional Offers From Online Sportsbooks

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 place several bets before being able to withdraw the bet credits.

Risk-Free Bet

A risk free bet is provided to new signups on their first wager. 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.

Risk-free bets 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

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 or free bets 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. For example, one promotion might involve betting at least $25 on an MLB game, where you would get $5 for every home run that your team hits.

What Online Sportsbooks Offer Promotions?

Sports betting is becoming legalized in several U.S. 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!

Caesars Sportsbook

Caesars is a retail casino empire that 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 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 several U.S. states, including an online casino in select states.

BetMGM Sportsbook

In 2018, MGM Resorts and Entain Holdings formed a partnership to develop BetMGM sportsbook. The sportsbook headlines several casinos around the world and features a user-friendly mobile app. It includes a welcome bonus as well as weekly promotions that are quite helpful.

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 sportsbook is currently available in several U.S. states and we can expect that number to continue to grow, as BetMGM is an emerging leader in the industry.

FanDuel Sportsbook

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.

DraftKings

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 is 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.

BetRivers

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.

TwinSpires

In 2007, Churchill Downs (organizers of the Kentucky Derby) created TwinSpires, which evolved into one of the leaders in the horse-betting industry. The company acquired stakes in several casinos and horse tracks across the United States.

In 2021, they established a sportsbook, which is now available in several states with the expectation of continued growth. The detailed sportsbook and racebook helps set TwinSpires apart from its competitors.

TwinSpires Sportsbook includes several betting markets, including some that are unavailable in several other sportsbooks, such as a futures bet on Super Bowl MVP right at the beginning of the playoffs. The sportsbook includes weekly promotions with live betting and cash-out options. Its parent company, Churchill Downs, is one of the most recognizable brands in the gaming industry, making TwinSpires a highly reliable site.

BetFred

BetFred was established in 1967 in the United Kingdom and quickly became one of the most popular sportsbooks in the world. The company set up shop in the United States in 2020. It is currently available in some states and will continue to expand.

BetFred features an online casino with a user-friendly interface. The sportsbook includes several betting markets with options for daily boosts and live betting. They offer promotions to help provide more value to their users.

This is a reputable brand that will have users feeling comfortable registering for an account and depositing funds. BetFred is partnered with retail casinos in the states where they are operational, including Wind Creek Casino in Pennsylvania.

What Other Types of Promotions Are There?

These sites also feature promotions for daily fantasy and props betting sites.

Underdog Fantasy

Underdog Fantasy was founded in 2020 and now features a few notable investors like Mark Cuban. The platform is most popular for its fantasy football BestBall tournaments, including BestBall Mania, which paid out $1 million to the winner. They also include Daily Snake Drafts and Pick’Em contests. The Pick’Em contests allow users to create parlays of player props.

Underdog Fantasy continues to grow across the country and will likely soon be available in every state. It’s the leader in BestBall tournaments across the fantasy sports industry, a format that continues to surge in popularity. Underdog began strictly as an NFL platform, but it has expanded to include NBA, MLB, and NHL. They have a useful welcome bonus and weekly promotions to help their users, such as “free square” props that are guaranteed wins (unless the player gets hurt).

PrizePicks

PrizePicks was created in 2015 and has gained popularity due to the emergence of prop betting. PrizePicks has developed partnerships with sports teams such as the Atlanta Falcons and Miami Marlins.

Players can make parlays of prop bets for higher payouts. Each prop has the same moneyline, meaning that you don’t need to pay extra juice on the pick. Players also have the option to win their parlay even if they don’t get each pick right, albeit at reduced payouts.

Users can bet on props such as yardage totals, touchdowns, receptions, points, rebounds, fantasy scores, and much more. PrizePicks features a ton of different sports, anything from NFL to eSports. PrizePicks offers “free square” props as a promotion, such as Josh Allen Over 0.5 passing yards, which can help users win their parlays.

ThriveFantasy

ThriveFantasy was created in 2016 by Adam Weinstein. They have partnered with sports teams such as the Los Angeles Chargers and Jacksonville Jaguars.

ThriveFantasy involves users building daily fantasy lineups with prop picks. For example, you might include Ezekiel Elliott Over 75.5 rushing yards as one of your plays. There is a predetermined points reward for each side. You receive those points if you choose correctly. You can also play their “Versus” contests, where you choose one player to outscore another player at the same position, such as Aaron Rodgers vs. Josh Allen.

ThriveFantasy strives to make daily fantasy sports accessible to every type of player, so they keep a limited player pool of player props. This means that you don’t need to research extensively, you just need to know some of the top players in the league. They also have sign-up bonuses and weekly promotions. It is available in several states.

Monkey Knife Fight

Monkey Knife Fight is based out of California, founded by Fantasy Sports Sharks’ owner Bill Asher back in 2018. It includes a user-friendly mobile app with pre-generated parlays of player props. These props can include yardage totals or fantasy points. The parlays vary in payouts, depending on how many legs are in your parlay.

The daily fantasy platform has partnered with the NFL and NFLPA. It offers a useful welcome bonus along with tutorial videos to help new users. Monkey Knife Fight also includes several sports to choose from, including NFL, MLB, and much more.

The best part about Monkey Knife Fight is that you don’t have to play against other users. You just need to choose which props that you like and you can parlay them for higher payouts. They also have cool parlays such as “Touchdown Dance,” where you can pick how many combined touchdowns three players will score.

Sports With Promotions

NFL

Every football season you can be assured that a plethora of football 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.

For example, this BetMGM Bet$10, Win $200 promotion is extremely easy. All you need to do is place a $10 pre-game, moneyline wager and if your team scores a touchdown, you receive $200 in cash. If it sounds simple that’s because it is and is one of our favorite promotions since it is as close as you can get to getting a significant amount of free site credits with very little risk.

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.

NCAAB

NCAA Basketball promotions are primarily focused on the March Madness tournament due to its popularity. For example, DraftKings offered users a +10000 odds boost on $1 bets related to March Madness. PointsBet provided bettors with the chance to win $3 for every three-pointer that their selected team hit, as long as the original bet was a point spread pick of at least $50.

NCAAF

NCAA Football promotions tend to revolve around the National Championship or other important Bowl games. A great example of an ongoing special offer is the DraftKings $200 promo code. Bet $5 on any college football (or NFL) game and get $200 in free bets with this promotion.

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. During the Stanley Cup, 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

MLB promotions can come in the form of “Bet at least $50 on a game, get $5 for every home run your team hits.” BetMGM offered users a chance to win a $2 Free Bet for every home run hit in Game 1 of the World Series, 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.

Currently, you can get the DraftKings MLB promo that gives new signups $100 in free bets when they bet $5 on any MLB game.

Take Advantage of New Player on Existing Promos

Here at TheGameDay, we will constantly update any new player and existing player promotions. This will help you stay up to date with any of the latest promotions. This is very important because it will allow you to build your bankroll. These promotions expire after a certain time, so be sure to get on them fast!

Remember to signup for our newsletter and bookmark this page so that you’re able to stay up to date with any changes to the promotions.

Author

Frank Ammirante

Before joining The Game Day, Frank spent three years in the fantasy sports and betting industry, writing for websites like RotoBaller and 4for4football. Frank is an active member of the fantasy baseball and fantasy football community, participating in high-stakes leagues like NFBC/NFFC as well as industry competitions like Scott Fish Bowl, RazzBowl, and TGFBI. Frank is a member of the FSWA and IBWAA. Give him a shout to talk fantasy sports and sports betting.