The best sportsbook promos are DraftKings' 'Bet $5, Get $200', Caesars Sportsbook's '$1,000 First-Bet Bonus', and BetMGM's '$1,500 First-Bet Bonus'. This is based upon key user-centric features like value for money, promo complexity, and the terms and conditions of the bonus bet.
Sporting Post is an independent comparison site for gambling platforms, helping readers find safe and legitimate sports betting options. We may earn a commission from some affiliate links, but this does not influence our rigorous and unbiased testing, ensuring honest recommendations and accurate information.
Best sportsbook promos compared in 2024
Ranking | US sportsbook | Bonus offer | Promo code | Minimum wager | Sporting Post Rating |
|---|---|---|---|---|---|
1 | DraftKings | No code required | $5 | 5/5 | |
2 | Caesars Sportsbook | SPOST1000 | $10 | 5/5 | |
3 | BetMGM | No code required | $10 | 5/5 | |
4 | bet365 | No code required | $5 | 4/5 | |
5 | BetRivers | No code required | None (deposit required) | 4/5 | |
6 | FanDuel | No code required | $5 | 4/5 |
Top sportsbook promos US reviewed
After analyzing the best sportsbooks and their exciting promos, we listed them and highlighted their pros and cons, in particular focusing on DraftKings, Caesars Sportsbook, BetMGM, bet365, BetRivers, and FanDuel.
1. DraftKings promo
As one of the industry's leading sportsbooks in the US, DraftKings offers users a variety of user-centric features like quick withdrawals, competitive bonuses, and an intuitive interface.
Here is what we found out about the DraftKings bonus and promo offer...
Welcome bonus 💰 | |
Minimum wager deposit 💵 | $5 wager |
Promo code 🎫 | No code required |
Wager terms 📄 | Cannot redeem bonus bets as cash. Bonus bets are received regardless of bet outcome. Bonus bets are awarded within 72 hours. Bonus bets are eight individual $25 bonus bets. Bet can be placed on any sports market. Offer valid until 18 August 2024. |
Bonus expiry date 📅 | 7 days after receiving your bonus bets |
Last verified ✅ | November 2024 |
Bet outcomes
Qualifying bet wins | Qualifying bet loses |
|---|---|
By placing a minimum bet of $5, winning bets will receive $200 in bonus bets within 72 hours of winning. You will also receive you winnings and be able to withdraw these in cash but not the bonus bets. | If you place a bet with this bonus and lose your bet, you will still be awarded $200 in bonus bets despite losing. You will, of course, lose your initial wager. |
Why choose the DraftKings bonus offer?
We believe this is a fantastic offer for bettors of all experiences. It is a low wagering requirement, partnered with a high reward in bonus bets, making it worth anyone's time and money. Newcomers can easily boost their DraftKings account balance by placing a low bet, so for us, it is a great offer, which is why we love DraftKings.
DraftKings promo pros and cons
- ✅ Low initial wager deposit of $5 required to qualify for the bonus bets
- ✅ DraftKings bonus bets are awarded despite the outcome of your bet
- ❌ DraftKings bonus bet rules state that the $200 worth of bonus bets cannot be redeemed or withdrawn as cash
- ❌ Compared to other bonus offers, the welcome offer is a little lower, despite a low initial wager requirement
Take a look over our comprehensive DraftKings review, where we discuss in-depth their best and worst features...
How to sign up to the bonus offer
Register yourself with the DraftKings app - this will require you to enter some personal information and confirm your identity.
Make an initial deposit of at least $5 into your DraftKings account, which is required of all new DraftKings customers.
Choose any sports market and wager your $5 to fulfil the bonus terms and conditions. Then wait to see the outcome of your bet!
2. Caesars Sportsbook promo code
Caesars Sportsbook is one of the most widely recognized sports betting apps and holds a firm commitment to user satisfaction with its fantastic sports selection, market diversity, and great live streaming service, helping you make the right bets.
After reviewing the Caesars Sportsbook bonus and promo offer, here is what we found...
Welcome bonus 💰 | |
Minimum wager deposit 💵 | $10 wager |
Promo code 🎫 | SPOST1000 |
Wager terms 📄 | You must redeem the promo code SPOST1000 during registration. Cannot redeem bonus bets as cash. Bonus bets are only received if the first bet loses. Caesars bonus bets cannot be split into smaller betting totals. Bonus bet amount will not be included in any winnings. First bets must be made within 30 days of opening your Caesars Sportsbook account. |
Bonus expiry date 📅 | 14 days after receiving your bonus bets |
Last verified ✅ | November 2024 |
Bet outcomes
Qualifying bet wins | Qualifying bet loses |
|---|---|
After redeeming the Caesars promo code SPOST1000 and wagering your first bet with a minimum of $10, winning bets do not receive the $1,000 worth of bonus bets because it is only if you lose your first bet. You will be able to keep any winnings you make, plus your stake, if the first bet wins. | If your first bet loses then you will receive up to $1,000 worth of bonus bets, as per the promo code terms and conditions. Only losing bets will receive the bonus bets. |
Why choose the Caesars Sportsbook bonus offer?
Compared to other sportsbook promos, we think this is one of the best. It gives customers a chance to double their chances and potentially win up to $1,000 in bonus bets to place on another bet and win big. Whilst Caesars require a larger minimum wager deposit than its competitors, this offer is definitely worth it in our view because of its potential to pay off even if you lose the first bet.
Caesars Sportsbook promo pros and cons
- ✅ Newcomers to Caesars will be guaranteed a second chance to win through their generous First-Bet Insurance bonus offer
- ✅ Only $10 minimum wager is needed to qualify for the bet, which if lost, means the customer is guaranteed up to $1,000 of bonus bets
- ❌ The customer will only receive the bonus bet offer if their first bet loses
- ❌ Caesars bonus bets rules state it cannot be split into smaller sums and must be placed all on one bet
Read up more with our detailed Caesars Sportsbook review and see how this platform can serve your sports betting needs...
How to sign up to the bonus offer
Sign up to the Caesars Sportsbook app or site and enter the promo code SPOST1000, as well as providing your personal information.
Deposit at least $10 and wager a minimum of $10 on your first bet - this can be on any sports market.
Wait for your bet to be settled but remember that only losing bets will receive up to $1,000 of bonus bets.
3. BetMGM sportsbook promo
BetMGM is a well-renowned sportsbook within the sports betting industry, offering their customers an exceptional mobile betting experience with the opportunity to personalize their features too.
Here is what we learned about the BetMGM bonus and promo offer from our research...
Welcome bonus 💰 | |
Minimum wager deposit 💵 | $10 wager |
Promo code 🎫 | No code needed |
Wager terms 📄 | Losing bets of $49 or less will receive one single bonus bet of equivalence. Losing bets of $50 up to $1,500 will receive five individual bets worth 20% each of the total sum. Bonus bets will be received within 24 hours of the losing bet. Bonus is not paid out with winnings. Bonus bet valid until 31 December 2024. |
Bonus expiry date 📅 | 7 days after receiving your bonus bets |
Last verified ✅ | November 2024 |
Bet outcomes
Qualifying bet wins | Qualifying bet loses |
|---|---|
If your first bet wins, you will not receive the $1,500 worth of bonus bets. Only first losing bets receive the bonus offer. You will be able to keep any winnings you make, plus your stake, if the first bet wins, however. | If your first bet loses then you will receive up to $1,500 worth of bonus bets, as per the promo code terms and conditions. Depending on the amount initially staked, you will receive either one or five bets - please refer to the table above for more information. Only losing bets will receive the bonus bets. |
Why choose the BetMGM bonus offer?
In our opinion, the BetMGM promo offer is great for customers, offering them a second chance to win if their first wager loses. We also like the five individual bets feature (subject to T&Cs), which allows bettors to spread their bonus bets over multiple bets and markets - something other sportsbooks do not offer. Anyone thinking of selecting the BetMGM bonus will not be disappointed, despite losing your first bet!
BetMGM promo pros and cons
- ✅ As bonus bets go, the BetMGM bonus is one of the highest on offer and rewards customers handsomely up to $1,500
- ✅ If you qualify for the five individual bonus bets (see table above), it gives you a chance to spread bets over different markets
- ❌ The customer will only receive the bonus bet offer if their first bet loses
- ❌ Upon receiving the bonus bet, customers will only have seven days to use their bonus bets before they expire
Read up more with our in-depth BetMGM review to see how this sportsbook can best serve your sports betting needs...
How to sign up to the bonus offer
Sign up to the BetMGM sportsbook app or site and enter your personal details to complete registration.
Deposit at least $10 to place a minimum wager of $10 on any sports market.
Wait for your bet to be settled and if your first bet loses, you will qualify for the bet bonus and receive up to $1,500.
4. bet365 promo
bet365 is a name many sports bettors will be familiar with and is a great sportsbook for market selection, giving customers extensive coverage and multiple betting options.
We looked into the bet365 bonus and promo offer to see whether it can benefit new customers...
bet365 offers its customers two new signup promos: Bet $5, Get $200 and First Bet Safety Net promo. We will only be reviewing the first promo offer here but both are equally as valid.
Welcome bonus 💰 | |
Minimum wager deposit 💵 | $5 wager |
Promo code 🎫 | Promo code required |
Wager terms 📄 | Must deposit $10 into your newly created bet365 account. First bet must be a minimum wager of $5. Odds must be -500 or greater on the first bet. No market restriction. Must place the first bet within 30 days of opening the account. Bonus bets expire after 7 days of arrival. Bonus bets can be spread across different markets and bets. Bet bonus offer valid until 30 September 2024. |
Bonus expiry date 📅 | 7 days after receiving your bonus bets |
Last verified ✅ | November 2024 |
Bet outcomes
Qualifying bet wins | Qualifying bet loses |
|---|---|
After depositing at least $10 and wagering your first bet with at least $5 on any sports market of odds of -500 or greater, a winning bet will qualify for the offer and you will receive $200 in bonus bets. | If your first bet loses, you will still qualify for the offer and receive $200 in bonus bets, so long as you have kept to the terms and conditions of the promo offer. |
Why choose the bet365 bonus offer?
From reviewing the bet365 bonus, we were really impressed by the bonus' flexibility when it came to its terms and conditions. Once you have qualified for the bonus bets from such a low initial wager, you are able to split the $200 worth of bonus bets across multiple bets and varying markets. This is unlike other sportsbooks that keep tight gambling restrictions on their bonus bets. Therefore, we would highly recommend the bet365 promo to any new customers!
bet365 promo pros and cons
- ✅ The bet365 signup bonus guarantees players $200 bonus regardless of the outcome
- ✅ The initial deposit of $5 is half that of some other bonus and promo offers in the state
- ❌ Any bet credits are not included within your returns if you win
- ❌ Unlike other sportsbooks, the odds must be -500 or greater when placing this first qualifying bet
- ❌ bet365 bonus bets expiration date is only 7 days after winning your first bet, much shorter than other sports betting sites in the state
Learn more with our bet365 review which shares real user opinions and offers a balanced view on the sportsbook...
How to sign up to the bonus offer
Register with the bet365 sportsbook through their sign-up page - you can click 'PLAY NOW' below to get started!
Once signed up, use a bet365 promo code to access the offer and deposit at least $10 into your account balance.
Place your first bet, a minimum wager of $5 on odds -500 or greater. Understand sports betting odds and how to bet with our sports betting guide.
Wait for your bet to settle and you will receive $200 worth of bonus bets into your betting account.
5. BetRivers sportsbook promo
BetRivers' sportsbook provides customers with some of the best live betting experiences around and is a leader within its industry.
Customers can expect easy access to streaming services and real-time updated odds, demonstrating their unwavering dedication to the user experience.
We reviewed the BetRivers welcome bonus, here is what we found...
Welcome bonus 💰 | |
Minimum wager deposit 💵 | No minimum wager (must deposit minimum $10 into BetRivers account) |
Promo code 🎫 | Promo code required |
Wager terms 📄 | Must deposit minimum $10 into account. First bet must lose to redeem bonus bet. Second-chance bonus bets only cover up to $100 of initial losing wager. BetRivers promo code must be used. First bet odds must be -200 or longer. Bonus bets are received within 24 hours of the settled bet. Bonus bets must be used within 30 days of receiving it. |
Bonus expiry date 📅 | 30 days after receiving your bonus bets |
Last verified ✅ | November 2024 |
Bet outcomes
Qualifying bet wins | Qualifying bet loses |
|---|---|
After depositing at least $10 into your BetRivers account and adhering to the odds terms and conditions, winning bets will not qualify for the bonus bets. Only losing bets qualify. | If your first bet loses, you will qualify for the bonus bet up to $100 of your initial wager. You will receive the bonus bets within 24 hours of the bet being settled. |
Why choose the BetRivers bonus offer?
From reviewing the BetRivers promo offer, we think it is fantastic value for new customers with low investment and a second chance to win if your first bet does not win. It shows, once again, that BetRivers are prioritizing their new customers and easing them into sports betting. Plus, it only requires a small minimum deposit of $10, so we think this is definitely worth the time and effort.
BetRivers promo pros and cons
- ✅ Bettors will get a second chance to win with the bonus bet qualifying if your first bet loses
- ✅ BetRivers do not restrict the bonus bet to specific markets. It can be applied to any sports market
- ❌ The bonus bet does have odds restrictions of -200 or longer
- ❌ BetRivers signup bonus bet cannot be withdrawn as cash
How to sign up to the bonus offer
Sign up to BetRivers and enter some personal details - you can click 'PLAY NOW' below to start betting.
Deposit at least $10 into your account and use a BetRivers promo code to activate the bonus bet offer.
Place your first wager and wait for the bet to settle. If the bet loses, you will qualify for the bonus bet of up to $100.
6. FanDuel promo
With a fantastic promo and bonus selection for customers, it is unsurprising that we are recommending the FanDuel bonus bet offer for you.
Users can receive tailored offers based on the state they are in. After researching their promo offer, here is what we found out...
Welcome bonus 💰 | |
Minimum wager deposit 💵 | $5 wager |
Promo code 🎫 | No code needed |
Wager terms 📄 | Your first bet must be a minimum of $5. You must download and bet through the FanDuel betting app. The first bet must win in order to qualify for the $200 bonus bet. The bonus bet will be deposited within 72 hours of the winning bet. The bonus bet can be split into multiple wagers and placed in multiple markets. |
Bonus expiry date 📅 | 7 days after receiving your bonus bets |
Last verified ✅ | November 2024 |
Bet outcomes
Qualifying bet wins | Qualifying bet loses |
|---|---|
If your first bet wins with a minimum wager of $5, then you will receive $200 bonus bets. | If your first bet loses, you will not qualify for the $200 bonus bet offer. You must win to qualify. |
Why choose the FanDuel bonus offer?
We rate the FanDuel betting app highly and think this bonus bet offer is great for newcomers of the sportsbook. Whilst it may not be the most generous of bonus bets, it demands one of the lowest initial wagers and rewards success through only receiving the bonus if your first bet wins. It is for these reasons that we highly endorse this bonus offer and sportsbook to our readers!
FanDuel promo pros and cons
- ✅ New customers must only wager a minimum of $5 on their first bet, one of the lowest initial wagers of sportsbooks in the state
- ✅ The bonus bets FanDuel offers can be divided into multiple bets and placed on multiple markets, unlike other sports betting sites
- ❌ Upon receiving the bonus bet, customers will only have seven days to use their bonus bets before they expire
- ❌ Bonus bets cannot be cashed out
Learn more with our expert FanDuel review to see how this sportsbook can best serve your sports betting needs...
How to sign up to the bonus offer
Sign up to the FanDuel betting app and enter your personal details.
Deposit at least $5 and place a minimum wager of $5 on any market.
Wait until your bet has settled and if you have won, you will receive the $200 bonus bet with 72 hours.
How we rate & rank US sportsbook promotions
Our team aims to provide you with unbiased, objective promo reviews, so you understand their strengths and weaknesses.
We always use a set of eight criteria to evaluate each promo offer, which means you can compare them easily and effectively:
Type of promo: We prioritize promotions that appeal broadly, enhancing user engagement with bet deals suited to different betting styles.
Promo value: We assess the value for money, ensuring bettors receive substantial rewards and maximum returns from participating in sports betting promotions.
Customer support: We test the effectiveness of customer support, focusing on resolving promo-related issues quickly and building user trust.
Promo expiry date: We evaluate the timeframe allowed for using promos, ensuring bettors have ample time to make the most of their bonuses.
Wager T&Cs: We review wagering terms and conditions to ensure they are fair and transparent, allowing bettors to fully enjoy their rewards.
Sportsbook experience: We assess the overall online sportsbook experience, ensuring users can easily navigate and claim promotions across both web and sports betting app platforms.
Minimum bet deposit: We verify the accessibility of betting promos by checking for low minimum bet deposits, making them available to more bettors.
Sports betting site security: We ensure top-tier security measures are in place, protecting bettors’ data and finances when engaging with promotions.
We download each US sports betting site and interact with the promo offers, using our own money to test the quality.
If we do not recommend the promo to our friends and family, we will not recommend it to you!
Choosing the best sportsbook bonus bets
Review the wagering requirements: When choosing a sportsbook sign up bonus bet, carefully review the wagering requirements, which determine how many times you must bet the bonus amount before you can withdraw any winnings. Look for betting welcome bonuses with reasonable requirements—ideally, lower playthrough requirements that offer a better chance to cash out your earnings without excessive betting.
Check the expiration date: Always check the expiration date of the betting bonus to ensure you have enough time to meet the terms and conditions. Some bonus bets may only be valid for a short period, such as 7 or 14 days, so make sure the time frame fits your betting schedule and allows you to comfortably fulfil the requirements.
Assess the flexibility of use: Look for sportsbook bonuses that allow you to use the promotion across a wide variety of sports and bet types, such as single bets, accumulators, or in-play betting. Bonuses with flexible terms enable you to take advantage of your preferred sports and strategies without being confined to specific conditions or restrictions.
Consider the initial deposit requirement: Pay attention to the minimum deposit required to activate the bonus, ensuring it aligns with your budget and betting strategy. Some sportsbooks may require a larger deposit to unlock bigger bonuses, so make sure the amount fits comfortably within your financial plan without overextending yourself.
Look for additional perks: Bonuses that come with extra perks, such as boosted odds, free online bets, or risk-free bets, can enhance the overall value of the promotion. These additional benefits increase your chances of making profitable wagers and getting more out of the bonus beyond just the initial offer.
Best sportsbook promos by state
There are several states in the US where you can find the best US sportsbook promo codes, so click below on your state to see which sportsbooks are offering you the best bonus bets right now!
How to bet responsibly with US betting promos
Although knowing your sports helps, betting is primarily luck-based, so use these top tips to practice responsible gambling when placing a bet:
Limits: Legal betting sites allow you to set betting limits, i.e. limit how much you can bet in a day, a week, or a month.
Cashouts: You can withdraw your winnings quite easily from any secure bookmaker, which prevents you from spending all of your winnings.
Help & Resources: Regulated sportsbooks provide access to resources for problem gamblers and point them to organizations that can help with gambling addiction.
To help with gambling, we created a 'how to bet on sports' guide, that helps new sports bettors understand the industry better, to play safer and more securely.
Problem gambling organizations and charities
Organization | Contact details |
|---|---|
Freephone 24-7 Helpline: 1-877-8-HOPENY(467369) | |
Email: [email protected], Phone: 1-800-522-4700 | |
Email: [email protected], Phone: 020 7381 7722 | |
Email: [email protected], Phone: 1-888-532-3500 |
Frequently asked questions
What sportsbook has the best promos?
How many times can I claim a sportsbook promo code?
Can I claim a bonus at more than one sportsbook?
What are the conditions to redeem a sportsbook promo code?
Who is eligible to use sportsbook bonus codes?
What sports can I use the best sportsbook bonus codes for?
How to get free money on sportsbooks?
What are the best betting sites with free bets online?
Are there free betting offers?
Are free betting apps legal in the US?
Editorial policy
Our editorial policy ensures extensively researched, accurate, and unbiased content through strict sourcing standards and diligent review by top sports betting experts and seasoned editors.
This process maintains integrity, relevance, and value in all of our content for our readers.
References
To test sportsbook promo and bonus offers accurately, we dive into analytical research of the sports betting industry, to understand what features are best for you.
Below are some of the references we use when making these decisions:
https://wsb.wharton.upenn.edu/wp-content/uploads/2023/05/Beggy_2023__Betting_Kelly.pdf
https://sc.edu/uofsc/posts/2024/01/stephen-shapiro-sports-gambling.php
https://legislature.vermont.gov/Documents/2024/Docs/ACTS/ACT063/ACT063%20As%20Enacted.pdf
https://www.pewresearch.org/short-reads/2024/03/11/5-facts-about-americans-and-sports/
https://www.forbes.com/betting/legal/sports-betting-state-statistics/
