Sportsbook Promos & Promo Codes

Sports betting promotions breathe life into new accounts and offer a helping hand to existing punters. Some sportsbook boosts — like bonus bets — are more common than others, whereas deals such as no deposit bonuses are generally available once or twice per year. 

Here, we discuss the best sportsbook promos in the US. From sportsbook promo codes to match bonuses, there’s something for everyone in this detailed guide. 

Top Sportsbook Promos

Every sportsbook has a unique take on rewarding newly registered bettors. Below are the top eight promotions from the nation’s biggest sports betting site operators. 

#1 BetMGM Promo $1500 in Bonus bets

With the NFL season approaching, many football fans will look for the best promo for the new season. The BetMGM sportsbook sign-up bonus of up to $1500 in bonus bets is one of the best promotions for sports bettors—particularly players who like to bet big.

Just create an account, deposit a minimum of $10, and then bet at least $10 on any sport. If your bet loses, you will be credited with bonus bets equal to the amount you placed on your first bet up to $1,500. You can not withdraw sportsbook bonuses.

#2 FanDuel Bet $5 Get $300

The Fanduel promo is massive for new customers offering $300 in bonus bets as a sign up offer. This is a very generous offer that allows bettors to play with a large sum of bonus bets for a very small original wager. Previously, Fanduel have only awarded bonus bets if your initial wager lost however now, you will be awarded regardless of the outcome of your bet.

#3 Bet365 $1,000 First Bet Safety Net or Bet $5 Get $200 Bonus

The Bet365 promo goes against the grain with its latest sportsbook sign-up bonuses by giving players more than one option. The popular sports betting site puts these two choices;

• $1,000 First Bet Safety Net
• Bet $5 get $200 in bonus wagers

Let’s first focus on the $1,000 boost. A $10 deposit is required first, followed by a qualifying bet of up to $1,000 on any straight, parlay, or same game parlay. You’ll earn up to $1,000 in bonus bets if the wager lets you down.

The Bet365 second offering — Bet $5 Get $200 — pays out regardless of the first wager’s outcome. So, while the rewards are fewer, there’s more of a guarantee if you take this route.

#4 Draftkings: Bet $5 Get $200

DraftKings is celebrating the NFL regular season by offering new customers $200 in bonus bets after they place a $5 bet on any sports market. Regarding sportsbook promotions, this Draftkings promo is up there with the best.

With this Draftkings promo, you will be credited with $200 in bonus bets regardless of whether your qualifying bet wins or loses. To claim this promotion, deposit $5 and bet $5 on any sports market you choose.

#5 HardRock Bet: Bet $5 Get $100 or Up to $100 Back in Bonus Bets

The Hard Rock bet promotion is unique as it differs depending on what state you are in. This is different to most sportsbooks who have the same promotion for all states they legally operate in. The first bet on offer is a "Bet $5 Get $100 in bonus bets" offer which is ideal for bettors on a tight budget. This offer is available for most states.

The second offer available is an "Up to $100 No Regret Bet" where if new players lose their first bet they will receive bet credits equal to their initial bet up to $100. This promotion is available to Hard Rock Bet customers located in Florida.

Best Sportsbook Promos in Each State

US bettors responded in numbers to the Supreme Court’s overruling of PASPA — Professional and Amateur Sports Protection Act — with good reason. The decision marked a notable shift in the nation’s attitude towards sports betting as states began legalizing sports gambling.

States like Colorado, New Jersey, New York, Pennsylvania, and New York are home to millions of passionate sports fans who place more bets than anyone else. Here, we focus on the very best sportsbook promos in each of those five territories.

New Jersey Betting

The best sportsbook promos derive from ingenuity, and DraftKings’ New Jersey-focused offer is abundantly unique. In the face of a world of bonus wagers for losing players, this sportsbook promotion rewards all new players who place qualifying bets. That’s something rarely seen at New Jersey betting sites.

Branded a Bet $5 Get $200 in bonus bets deal, qualification hinges on depositing and staking $5 on any sport. You’ll accrue 8x $25 bonus wagers to bet across all of DraftKings Sportsbook markets — including games involving the NHL’s New Jersey Devils and New Jersey-based NFL outfits, the New York Giants and New York Jets.

Play through all $200 bonus bets within one week to withdraw sportsbook bonuses returns. 

Arizona Betting

Hard Rock Bet's recent maneuver into the US market evidences the operator’s desire to try new things. Such a move goes hand-in-hand with the platform’s latest Arizona sportsbook bonus — where users can claim $100 in bonus bets by wagering $5.

Here’s where it differs from some similar sportsbook promos: your qualifying punt does not need to win in order to receive your bonus bets. Minimum odds for Hard Rock Bet's welcome bonus sit at a steady -250, and only stakes comprised of deposited money qualify. 

Few Arizona betting sites test users’ mettle like Hard Rock Bet does here. The potential rewards are almost too good to turn down, though, and should give winning punters a solid launchpad for subsequent flutters.

Pennsylvania Betting Promos

Caesars Sportsbook is arguably the most recognizable sports betting brand in the US. Packing several retail sites — including Philadelphia’s own location at Harrah’s — the casino and sportsbook delivers high-quality odds, markets, and other bonuses.

It’s the latter of those three that I’m most intrigued by. Newly registered customers should use the code BETNOW1000 while depositing $10 or more to get up to $1,000 in bet insurance. Then, bet between $10 to $1,000 on any sport and, if your punt loses, Caesars Sportsbook covers your next pick. Compared to welcome packages from other Pennsylvania betting sites, this one holds its own.

Players have 30 days from the sign-up date to take part. Moreover, a 14-day wagering window applies to money credited during the promotional period. 

Colorado Betting

ESPN Bet surprised bettors when the famed sports newswire brand branched into unfamiliar territory. Owned by Penn Entertainment, the operator took the reins from Barstool Sports in late 2023 — and now possesses one of the most impressive sportsbooks sign-up bonuses compared to other Colorado betting sites.

5x $20 bonus bets, totalling $100, form ESPN Bet’s new customer reward. It is easy to activate the deal; just deposit $10 and bet any amount on a sports betting market of your choice. Use all five bonus bets within a week and avoid the ‘cash out’ button to maximise the boost. 

ESPN Bet offers a similar promo to Caesars, where new customers can claim a "No Sweat First Bet" up to $1,000 should their first bet lose.

New York Betting

New and existing customers at PointsBet are eligible for a 50% profit boost on same game parlays every day. You’ll earn one token daily to use across all legs of 3+ picks — just select the token from your betslip to tie it to a wager.

Here’s the best part: there are no odds requirements, no limits on sports betting markets, and winnings are free of wagering requirements. Only real cash wagers are usable with PointsBet’s parlay odds boosts, so keep that in mind if you’ve acquired free bets or other wager tokens. Most importantly, the site’s parlay boosts are accessible to bettors on tight budgets and high rollers — a feature we’d like to see more on New York betting sites.

Note that parlay boosters are for use once per day. Therefore, PointsBet customers cannot stack same game parlay boosts on top of one another. 

Different Sportsbook Promotions

Most sportsbook bonuses work to give back to customers through special offers. Popular deals — match deposit bonus, no deposit bonus, refer a friend bonuses, sportsbook promo code offers, and reload bonus deals — act as the operator’s way of granting players otherwise impossible opportunities to place new types of bets.

Here’s a detailed overview of the best sportsbook promos in the US.

Welcome Bonuses

Most welcome bonuses comprise bonus bets at today’s top betting sites, with DraftKings Sportsbook, BetMGM Sportsbook, FanDuel, and Betfred being some of the biggest names to offer such a deal. Previously, deposit match bonuses held the line as the nation’s most popular welcome packages — but the industry is trending in a different direction; one where new users are rewarded for making a first bet.

• Bonus Bets — Deposit and make an initial wager to qualify for a bonus bet welcome offer. Some sites, like BetMGM, pay out if your first punt loses. On the flip side, DraftKings Sportsbook grants bonus bets as soon as a qualifying bet is confirmed. In rare instances, sportsbooks credit bonus bets if the qualifying bet wins. 
• Match Deposit Bonus — Deposit to your new sportsbook account to earn additional bonus money through deposit match bonuses. Match percentage rates vary — 100% is most common, but you may come across 50% and 20% offers — and determine how much bonus cash you’ll get. For example, if you deposit $100 on a 100% match deposit offer, you’ll receive another $100 from the sports betting site. 

DraftKings Sportsbook new customer match deposit promotion is a 20% offer up to $1,000. In short, this means you’ll get an extra 20% on top of your initial deposit.

• No Deposit Offers — This type of welcome offer is simple and typically light on rewards. Just create an account to become eligible, then claim rewards like bonus bets, extra bonus cash, or free bets. No deposit offers are great for rookie bettors looking to get started at a new sportsbook without risking money.
• Promo Code Deals — Enter bonus codes upon signing up or depositing to activate the site’s welcome bonus. Bonus codes and their respective offers vary depending on the sportsbook, but you can find a list of updated sportsbook promo codes on BettingOddsUS throughout the year.

As with any promotion, new customer sportsbook bonuses are subject to terms and conditions. Generally, operators place timeframes on bonus bets and bonus cash — often between 7 to 30 days — while maximum bonus amounts also apply. For instance, if a sportsbook puts $200 in bonus cash on the table, you can only earn up to that amount. 

Activating a sign up bonus is more or less the same wherever you bet. Create an account, deposit, wager, and enter a bonus code if necessary, then wait for your bonus to roll in. 

Ongoing Promotions

Sportsbooks reward existing players with a gamut of promotions. Match deposit offers — which we discussed earlier —  come into the fold, along with profit boosts, cashback, reload bonuses, bet boosts, parlay promotions, and VIP programs. There’s much to play with when it comes to ongoing promos, and we cover the main options below.

• Reload Bonuses — Designed specifically for existing bettors, reload sportsbook bonuses act as an incentive to shuffle more money into your account wallet. They’re essentially a match deposit bonus for existing players, with solid match percentage rates included. 
• Cashback — Get money back from lost wagers by participating in cashback promotions. This sportsbook offer returns a portion of your stake from unsuccessful wagers settled during the previous day, week, or month. Although rates often sit on the low end of the spectrum, it’s still nice to get some money back after a disappointing set of results. That’s why Betfred’s 100% cashback deal on lost basketball wagers stands out — rewarding anyone whose team loses after going up 15+ points the entirety of the stake.
• Bet Boosts — Boosts for same game parlays and regular parlays are all the rage at the moment. DraftKings Sportsbook, FanDuel, and BetRivers put their best foot forward with preeminent parlay boosts and carry the flag for bettors seeking extra returns on multi-leg selections. Just make picks and activate your profit or parlay boost token via the betslip.
• Parlay Insurance — Protect parlays by availing of multi-leg insurance promotions. FanDuel’s “No Sweat” same-game insurance offer represents this type of promo in all its glory; giving stakes back to all users whose eligible bets fail to come good.
• Referral Bonuses — Invite friends to your favorite sports betting website and you'll earn a reward upon their first deposit or wager.
• VIP Programs — Earn rewards for betting on your favorite sports and leagues by opting into a VIP program. Also known as a ‘Rewards Club’, ‘VIP Club’, or under a unique moniker related to the sportsbook’s name — like BetMGM Sportsbook “MGM Rewards” — this promotion gives back to loyal punters. Most sportsbooks utilize a tiered system, where bettors acquire points for wagers, and serve up improved rewards for high-ranking customers. Platforms like DraftKings Sportsbook operate an invite-only program, whereas competitor BetRivers accepts all active customers. 

Free Bets and Risk-Free Bets

Risk-free bets and free bets are, for lack of a better term, on the house. Sportsbooks eat all the risks associated with normal wagers.

Risk-Free Bets

Risk-free bets protect against losing your stake by giving you a bonus wager equal to the value of your original wager. 

Most risk-free bet tokens at today’s sportsbooks form operators’ welcome packages as ‘Bonus Bets’. Existing users receive risk-free tokens every so often — commonly with terms and conditions stipulating where and when the token is eligible. 

But you’ll scarcely find ‘risk-free bets’ mentioned at online sportsbooks. Operators switched the branding of this bonus type at the behest of regulators — and they’re now referred to as ‘Second Chance’ wagers. Basically, they’re bonus bets applied to existing customer accounts after a lost wager. 

FanDuel’s racing-themed $200 second chance bonus and BetRivers’ same-game parlay second chance deal brings risk-free bets to the fore as a way to reward existing customers. Both offers come with a 7-day window.

Free Bets

Free bets eliminate the need to use your own money as a stake. Instead, you link a free bet token to a selection — often at a specific value, like $2.50. 

Winnings accrued from free bets are yours to keep. Some operators place wagering requirements upon returns earned via free bets, but that sort of behavior is mostly encountered at online casinos. 

Remember to use free bet tokens before time runs out. Otherwise, the sportsbook reserves the right to remove remaining free bets from your account. 

Seasonal or Event-Specific Promotions

Christmas, Halloween, Easter, March Madness, the World Cup, and the Super Bowl; the list could go on forever. Sportsbooks target seasons and popular events for all-new promotions — supplying relevant bonuses and offers for new and existing players. 

In the lead-up to the Super Bowl, operators publish new welcome offers with a ‘Big Game’ twist. In 2024, DraftKings Sportsbook introduced a Bet $5 Get $200 in bonus bets welcome offer before the Kansas City Chiefs met the San Francisco 49ers in Las Vegas. The offer had little to do with the game, yet its artwork centered around the matchup. Moreover, this deal was specifically brought in before the Super Bowl.

On the other hand, FanDuel’s “Kick of Destiny” is a newly annualized fixture in the sportsbook’s bonus catalog. Customers bet on former NFL superstar, Rob Gronkowski, to miss or make a 25-yard field goal on the day of the Super Bowl. Come Monday after the game, the promotion ends. 

MLB’s World Series Final, soccer’s World Cup Final, and the NBA Finals receive themed deals, too. Just wait for your favorite tournaments to edge tantalizingly close and check out the latest best sportsbook promotions in the nation.

Similar specialized offers pop up during Christmas, Easter, and Halloween. Day-specific bonuses for events due to take place on December 25th, October 31st, or Easter Sunday tend to hit sportsbook shelves around the date — with profit boosts, deposit offers, and parlay bonuses the most common type of content. 

Promo Codes and Special Offers

Sportsbook promo codes are the key to activating exclusive bonuses. To use a sportsbook promo code, open the sportsbook’s cashier and type its characters into the ‘Promo Code’ or ‘Bonus Code’ field. Follow the rest of the offer’s terms and conditions — like meeting minimum deposit requirements — to activate the promotion. 

For example, BetRivers uses the sportsbook promo code ‘SPORTS’ in its welcome offer. By entering the code upon depositing $10 or more and wagering on any market, you qualify for a bonus wager up to $100 if the initial wager loses. Crucially, only bettors who use the sportsbook promo code are eligible. 

Social media platforms, like Twitter/X, regularly serve as message boards for sportsbook special offers. Some sites present exclusive sportsbook promos and links on social media accounts, so it’s worth following your favorite operator online. 

DraftKings Sportsbook is king when it comes to social media exclusive deals. In February 2024, the sportsbook gave 10 Twitter followers over $300 in bonus bets for retweeting, following, and replying to a post. Such offers are a recurring theme on the site — with new prizes uploaded every few days. 

We at BettingOddsUS compile the best sportsbook promo offers from the nation’s biggest sports betting platforms. If something tickles your fancy, just click the link to access your bonus. 

Sportsbook Promo Terms & Conditions Overview

If there’s one thing that ties every type of promotion together, it’s terms and conditions. Wagering requirements, time constraints, deposit limits, qualifying wagers — it’s easy to get overwhelmed by blocks of jargon.

Let’s break down the most common terms and conditions associated with the best sportsbook bonuses. 

Wagering Requirements

Some bonuses require that you wager winnings a certain number of times before withdrawing returns. This condition is less prevalent among modern sportsbooks — primarily because most platforms offer bonus bets — but be aware that match deposit offers usually carry wagering requirements. Generally, expect to play through the bonus, winnings, or both, between 5x and 30x. 

Time Constraints

Almost every promotion is time-limited. Sports betting experience tells us that the vast majority of offers are active for 7 to 30 days — which means you could have up to a month to play through the entire bonus. 

After the expiry date, unused funds are removed from your account or automatically withdrawn to your bank. FanDuel’s Bet $5 Get $200 bonus terms encapsulate this by stating that bonus funds shall be withdrawn from your account after 7 days.

Every sportsbook in the US has a unique take on what constitutes an acceptable bonus timeframe. Always refer to the promotions T&Cs to make sure you’re happy with the offer’s life cycle. 

Minimum Deposit & Bet Limits

Minimum qualifying deposit and bet limits embody important aspects of the best sportsbook promotions. Deposit or wager the minimum amount or more to take advantage of the offer. Spend too little and you’ll miss out. 

Sportsbooks’ sitewide and bonus-specific deposit limits vary. For instance, Betfred’s “$105 on ‘Fred” welcome offer constitutes a $20 qualifying wager. In turn, newly registered users must deposit at least $20 to achieve such a bet — $10 more than the site’s general minimum deposit limit. That’s why it’s vital to run through a sportsbook’s bonus rules before diving in. 

Understanding Bonus T&Cs

Most text presented within a bonus’s terms and conditions is written for legal reasons. You should skim through the entire piece — but there’s an easy way to spot relevant information. 

First, read the promotion’s description — often bulleted — carefully. This covers most of what you need to know without spewing an information overload. 

Then, scroll down until you see detailed bonus rules. Look for headings and numbers. Sportsbooks split bonus T&Cs into separate paragraphs, with crucial information regularly mentioned first. Betfred, BetRivers, and BetMGM Sportsbook are great at outlining promotion details, with each platform tidily nursing relevant information into bullet points. 

On sportsbooks like DraftKings — where much of the information sits inside a wall of text — CTRL + F is your best friend. Press both keyboard buttons simultaneously to search for keywords within the sportsbook’s terms and conditions. Words like ‘wagering’, ‘deposit’, ‘day’, and ‘month’ should bring up most of what you need to see. 

Choosing the Right Promo for You

There’s no doubt that the legal sports betting industry is overwrought with bonus bets, parlay boosts, deposit match deals, and more. The temptation to devour everything in sight is understandable. But what if there was a way to pick promotions based on your needs?

For starters, keep your eyes peeled for bonuses mentioning your favorite sport. Bonuses centered on other events may appear exciting — and even rewarding — but stick with what you know before branching into unknown territory. 

Ask yourself questions like;

• Can I afford to activate this promotion?
• Am I actually interested in what’s on offer?
• Will this bonus steer me away from my favorite markets?

If you’re a basketball fan, check out the 33% NBA and NCAA profit boost tokens by BetMGM Sportsbook. Followers of the NFL should look toward FanDuel’s themed promotions and regular season boosts. Whatever your sport, choose promotions based on what you’re already interested in. 

And keep tabs on offers that align with your personal sports betting preferences. Parlay boosted odds might look enticing on paper — but if you usually back just one spread at a time, weigh up the risks before jumping at the promotion.

Claiming deals locks some features, too. Cash out, for example, is consistently barred from sportsbook bonuses. If over-using boosts means you’re never allowed to settle bets early, you miss out on a major element of the platform. 

Most important of all, try to enjoy sportsbooks for what they are; platforms for betting. Promotions are a neat extra — a bit like dessert — to be indulged in moderation. 

Comparative Analysis of Promos

Promotions seek to provide value for bettors — be it in the form of bonus bets, match deposit offers, or something else. Here, we compare which boosts deliver the best bang for your buck depending on your betting preferences.

The New Bettor

You’ve created a sportsbook account for the first time and a world of promotions lays before you. The best course of action is unclear to the untrained eye — but sportsbooks do their best to help. 

Look for promotions touted as ‘Welcome Bonuses’, ‘New Customer Offers’, and ‘First Deposit Offers’. These are designed with rookies in mind and aim to lend a hand when getting started. 

Bonus bets represent your best chance of getting off on the right foot. Operators cover your first loss by matching the stake up to a certain value. A small portion of sportsbooks reward bettors with bonus bets regardless of the outcome of your first bet, with DraftKings’ latest bonus bet deal mightily impressive. 

The Veteran Punter

Last-minute cash outs, unexpected wins, gripping parlays; you’ve seen it all. Promotions are as necessary as ever, but you’re likely at a point where you can easily spot a worthwhile deal from a diminutive offering. 

Reload bonuses can transform a standard weekend of wagering into a brand-new betting experience as deposits are rewarded with bonus cash. Just select a deposit amount and back your usual favorites using the extra money.

The Low-Stakes Casual

Simplicity, nouse, and managing a betting budget are your forte. You’re rarely excited by promotions and view most deals as an easy way to hemorrhage money from an already tight sports betting bankroll.

But there’s one type of sportsbook promotion specially catered to you; the no deposit bonus.

Although a rarity, no deposit offers put forth an inexplicably profitable opportunity. Requirements typically entail signing up, joining an email list, or simply opting in. Free bets in the $0.50 to $2.50 range are common here, giving low-stakes casuals opportunities to earn returns for no other reason than being an existing customer. 

No deposit deals are simple, clever, and let you stay in line with your bankroll goals. 

The High Roller

As a high roller, you want to bet on sportsbooks that reward consistent and large wagers. Unpredictable, pissant bonuses are of little interest — why settle for less than your extensive bankroll allows?

VIP programs are designed with high rollers in mind. Exclusive access to luxurious areas, premium customer support, enhanced cashback offers, elite promotions, and more await — with the likes of BetRivers, DraftKings Sportsbook, and BetMGM Sportsbook catering for players with a penchant for luxury. 

Sign up with the aforementioned sportsbooks to join the iRush Rewards, Dynasty Rewards, or MGM’s Rewards program. 

Tips for Maximizing Promotions

Claiming a bonus is the easy part. Now, the question is how can you most effectively reap the potential rewards associated with a promotion? 

#1 Longshot Free Bets

Free bets get a dispensation from standard betting procedures. If a free bet wins, you keep all returns except the stake. Should the free bet let you down, you lose nothing. 

That’s why the best way to maximize free bets is by backing selections with long odds. If you’re ever going to get behind an unlikely outcome, do it when you’re at no risk of losing money. 

#2 Bankroll for Deposit Bonuses

You’re not obliged to deposit the maximum amount bound to a deposit match bonus. If minimum qualifying deposits open at $5 and that’s all you can afford, stick to that amount. Even if the offer promises a 100% bonus up to $100, there’s little advantage in spending more than your bankroll allows. 

Deposit bonuses are supposed to add to your bankroll, not exceed it to heights never considered possible. Avoid setting unrealistic expectations for the future by limiting participation in deposit bonuses to those that are affordable.

Stick to your guns, use bonus cash where available, and you’ll be a happier bettor for it. 

#3 Bonus Bets Guidance

Visit any online sportsbook in the US and it’s likely offering a bonus involving extra bets. Strategizing for bonus bets — also known as back-up bets or second chance bets — is difficult, with many operators forking out generous rewards. 

Indeed, you can rack up a steady flow of bonus bets by signing up with multiple sportsbooks. However, that often means your first bet lost — something you should be mindful of as you make picks for the next wager.

Affordability and stability are key. If losing $100 on your first bet in exchange for $100 in bonus bets is within your means, there’s no reason not to take up the offer. For the best protection, try using a bonus wager on outcomes where the outcome is almost a surety or at the very least, likely. This isn’t a free bet — losses count. 

And, if you win, you get to keep the entire sum of the bet’s returns. 

#4 VIP Strategy

The more you bet, the greater your rewards. Sportsbooks paint each tier a more enticing shade of red, green, silver, gold, or diamond, encouraging sports bettors to climb each ladder toward better prizes. 

Enhanced cashback, better withdrawal limits, odds boosts, personal account managers…it all sounds great. In fact, all of it is great. 

Take it steady to reach your VIP goals. There’ll eventually come a point where you can’t attain further rewards — so enjoy the ride instead of chasing it. This slower approach is even more relevant at DraftKings Sportsbook, which operates its VIP Club on an invite-only basis. 

Final Thoughts

Whatever bonus you’re into — deposit match deals, cashback, bonus bets, or something else — try to keep things fun. Do so by choosing most bonuses based on what you like. That goes for sportsbook features, like cash out and boosted odds, as both may become unavailable upon activating a promotion. 

Remember, budget first, bet later. 

Promotions change state-by-state, and you can check out your local offers by visiting any of the sportsbooks linked on this page.