Skip to content
Home » Online Sports Betting » Sportsbook Bonuses – Best Sportsbook Promos and Offers 2024

Sportsbook Bonuses – Best Sportsbook Promos and Offers 2024

The best sportsbook bonuses currently offer up to $3,850 in incentives across the top online sportsbooks in the country. Take advantage today by signing up and creating an account at leading online betting sites!

Nearly all online sportsbooks offer welcome promotions, and we are here to break down the best ones currently available across the United States.

US

Offers

First Bet Offer Up to $1,500 in Bonus Bets

Claim Offer

Disclaimer

2nd Chance Bet Up to $500

Claim Offer

Disclaimer

Bet $5, Get $150 in Bonus Bets

Claim Offer

Disclaimer

$1000 First Bet on Caesars

Claim Offer

Disclaimer

Bet $5 Get $200 in Bonus Bets if your bet wins

Claim Offer

Disclaimer

Sports betting offers are not available in this state.

Top Sportsbook Bonus Offers

Online Sportsbook

Bonus Offer & Code

BetMGM

WAW100 – Up to $1,500 Paid Back in Bonus Bets

Caesars Sportsbook

WAWNEWS1000 – $1,000 First Bet on Caesars Paid Back as a Bonus Bet

FanDuel

Bet $5, Get $200 in Bonus Bets if you Win ($300 in MA and OH)

DraftKings

Bet $5, Get $150 In Bonus Bets

Bet365

Bet $5, Get $150 in Bonus Bets  OR $1,000 First Bet Safety Net

Last Verified

June 12, 2024

 

The Best Sportsbook Bonuses to Consider

Below, you will find the best sportsbook promos available throughout most legal betting states. 

BetMGM Sportsbook: Up to $1,500 Paid Back in Bonus bets

Use BetMGM bonus code WAW100 when signing up, and you can grab the largest bonus offer currently on the market, with up to $1,500 in bonus bets available if your first bet falls short. 

Here’s everything you need to know about theBetMGM sportsbook promotions

  • 🎁 Bonus Code: WAW100

  • ⭐️ Welcome Bonus: $1,500 paid back in bonus bets

  • 💵 Payout speed: 2 days

  • 📍 Available in: AZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MS, NJ, NC, OH, NV, NY, PA, TN, VA, WV & WY – Offer not available in NV or NY

  • 💰 BetMGM Deposit And Withdrawal Methods: $10 minimum: Visa, Discover, Mastercard, Online Banking, VIP Preferred ACH, PayPal, PayNearMe, Venmo, BetMGM Play

Caesars Sportsbook: Up to $1,000 First Bet on Caesars

Use Caesars Sportsbook promo code WAWNEWS1000 and receive a $1,000 first bet on Caesars, redeemable as a bonus bet if your first wager doesn’t win. Caesars is another pillar in the world of online sports betting, providing a quality betting app and recurring promos for all customers.

Here are some important details about the Caesars Sportsbook bonus:

  • 🎁 Promo Code: WAWNEWS1000

  • ⭐️ Welcome Bonus: $1,000 First Bet on Caesars or double your winnings on your first ten bets (IA & MD)

  • 💵 Payout speed: 1-3 days

  • 📍 Available in: AZ, CO, IN, IL, IA, KS, KY, LA, ME, MD, MA, MI, NJ, NY, NC, OH, PA, TN, VA & WV

  • 💰 Caesars Sportsbook Deposit And Withdrawal Methods: Venmo, PayPal, Skrill, online banking, bank wire transfer, and pick up cash at the casino cage at any Caesars Sportsbook retail location instantly, Caesars Play+ prepaid card.

FanDuel Sportsbook: Bet $5, Get $200 in Bonus Bets if You Win

FanDuel ranks among the most popular betting apps in the US, and for good reason. The FanDuel promo code grants all new customers $150 in bonus bets ($300 in MA and OH) if they win their first bet of $5. FanDuel boasts a fantastic mobile app, making it a superior option for live betting.  

Here are some things to know about the FanDuel sign-up offer. 

  • 🎁 Promo Code: No Code Required

  • ⭐️ Welcome Bonus: Bet $5, get $200 in bonus bets if you win ($300 in MA and OH)

  • 💵 Payout speed: 1-3 days

  • 📍 Available in: AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, NY, NC, OH, PA, TN, VT, VA, WV & WY

  • 💰 Fanduel Deposit And Withdrawal Methods: Credit/ Debit Cards, PayPal, FanDuel Play+ Card, Venmo, Online banking, Check, Wire Transfer

DraftKings Sportsbook: Bet $5, Get $150 in Bonus Bets

The DraftKings promo code is another excellent choice. It provides users with a phenomenal welcome offer: Sign up, place a first-time bet of $5, and get $150 in bonus bets. DraftKings has a fantastic prop menu, allowing you to pick from dozens of odds on every game for all major US sports.

Here are some details regarding the DraftKings promo:

  • 🎁 Promo Code: No Code Required

  • ⭐️ Welcome Bonus: Bet $5, get $150 in bonus bets

  • 💵 Payout speed: 1-3 days

  • 📍 Available in: AZ, CO, CT, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NH, NJ, NY, NC, OH, PA, TN, VT, VA, WV & WY

  • 💰 DraftKings Deposit And Withdrawal Methods: Online banking, PayPal, Credit and debit cards, Cash at retail sportsbooks or casino cages, Venmo, Wire transfer, Gift cards

Bet365 Sportsbook: Bet $5, Get $150 in Bonus Bets or 1K First Bet Safety Net

Bet365 is a newer player on the scene, recently expanding into new states such as Arizona, Indiana, Louisiana, Kentucky, and North Carolina. The bet365 bonus code offers users a two-option welcome bonus: Either bet $5 and get $150 in bonus bets, or get a $1,000 first-bet safety net, which is paid back in bonus bets if your first bet loses. 

Here are some more things to know about the bet365 bonus offer:

  • 🎁 Bonus Code: None Required

  • ⭐️ Welcome Bonus: Bet $5, get $150 in Bonus Bets or $1,000 First Bet Safety Net

  • 💵 Payout speed: 1-3 days

  • 📍 Available in: AZ, CO, IN, IA, KY, LA, NJ, NC, OH & VA

  • 💰 bet365 Deposit And Withdrawal Methods: Credit/ Debit Cards, PayPal,  Venmo, Online banking, Check, Wire Transfer

Sportsbook Bonuses: Quick Facts & Details

Largest Bonus Offer

BetMGM $1,500 First Bet Offer

Most Flexible Bonus

bet365 Two Choice Option

Best Betting app

FanDuel Live Betting

Best Rewards Program

Caesars Rewards

Most Common Welcome Promotions

Bet & Get or Bonus Bets Back

Sports Betting Promotions Explained

Sportsbook promotions are a way to entice new customers to sign up by offering bonus bets and credits. 

In the US, there are two increasingly popular betting promos:

  • Bet & Get Promos: Place a small qualifying bet (i.e., $5) and receive additional bonus bets
  • Bet Credits Back if You Don’t Win: Get your initial stake matched in bonus bets if your first bet doesn’t win

Each promotion comes with its own set of benefits and drawbacks. 

Bet & get deals are usually attractive to new bettors because they don’t require a large initial deposit or bet. In many cases, you also automatically qualify for a bonus regardless of the outcome of your bet, though this isn’t always the case. More seasoned bettors might be put off by the fixed bonus amount (generally between $100-200 in bonus bets). 

Bonus bets back for losing wagers are also a great promo for new bettors because they act as a safety net. If you lose your first bet, you can continue to place additional bets because your stake is matched as a bonus. The downside is that you usually won’t receive any bonus if your first bet wins.  

Ultimately, both sportsbook promos are a nice way to kickstart your sports betting journey. They allow you a better chance at an initial payroll boost while you explore the different features and benefits of a new sportsbook.

How do Sportsbook Promos Work?

Sportsbook promotions generally apply to new customers who sign up for an online sportsbook for the first time. The process works like this:

  • Download a new sportsbook app or visit the website via web browser
  • Sign up for a new account and complete the registration process
  • Confirm your eligibility (21+ and physically present in a legal betting state)
  • Enter a relevant promo code
  • Make your first deposit
  • Place your first bet
  • Collect your welcome bonus

Bonus bets accrued via sportsbook promotions cannot be withdrawn and must only be used to place additional bets. However, if you win your bets using bonus funds, these are converted into real currency that can be withdrawn.

Sports betting promos vary by operator and state, so it’s important to read the terms and conditions before signing up to understand each bonus offer fully. 

Ongoing Sportsbook Bonuses

In addition to welcome bonus offers, online sportsbooks offer recurring offers to all customers. While these bonuses are generally quite a bit smaller in size, they provide additional incentive for bettors to stick around and continue to place their bets on a particular app. 

Here’s a look at some of the most popular recurring promotions. 

  • Odds boosts
  • No-sweat bets
  • Early payouts
  • Reload bonuses
  • Bet matches
  • Rewards credits
  • Referral bonuses

All of the above provide additional methods for customers to bolster their bankroll or rack up bonus bets and credits. 

Best Sportsbook Bonuses FAQ

How do I claim Sportsbook promotions?

To claim a new user sportsbook promo, you must be 21+ and present in a state where online sports betting is legal. Download a new betting app, register for an account, and fulfill a qualifying action to claim a new user bonus (make a deposit, enter a promo code, and place your first bet).

What are the Most Common Sportsbook Promos? 

The most common promotions are bet & get deals and bet credits back if your first bet doesn’t win. 

Why do Sportsbooks Offer Bonuses? 

Sports betting bonuses are a popular method to attract new customers. Bonus bets allow users to boost their payroll and test out new app features. 

Can I Withdraw Bonus Bets?

Not usually. In most circumstances, bonus bets can only be used to place additional bets. If you win using bonus bets, you can then withdraw funds.

Do Sportsbook Promotions Expire?

Yes. In most cases, sportsbook promos have an expiration date, which generally ranges from 7 to 30 days after an initial wager. Be sure to read the fine print before signing up for a bonus. 

Are Sportsbook Promos Worth it? 

In general, yes, but this also depends on what you want from them. Sports betting promos are a great way to pad your account and test out a new app, however they still involve depositing and wagering money so be sure to understand the risks that come with that. 

Latest Offers and Promotions

Author

  • Devin Erickson-Sheehy

    Devin is the Product Owner at Winners and Whiners, and is a sports betting expert with experience providing sports bettors with industry news, sports betting reviews, offer details and more.