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Best sportsbook promotions explained
DraftKings Sportsbook
Create your new DraftKings account to earn $200 in bonus bets — no DraftKings promo code is required. All it takes to unlock one of the best sign-up bonuses is a qualifying deposit of $5 or more, followed by a bet of $5 or more on any sports market. DraftKings will credit your account with $200 worth of bonus bets, paid out as eight individual $25 wagers. Additionally, you’ll receive one “no sweat” token per eligible NFL gameday, up to three a week to use on same game parlays. Tokens are only issued following an unsuccessful wager and hold a maximum value of $5 each. Bonus bets are valid for seven days and offer expires on Nov. 13.
- App Store rating: 4.8 (iOS); 4.6 (Android)
- Sign-up bonus: Bet $5, get $200 + No Sweat SGPs
- Payout speed: 1-3 days
DraftKings Sportsbook is legal in: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming
Caesars Sportsbook
Caesars Sportsbook perennially seems to own one of the top sign-up offers, available to new customers by entering the exclusive Caesars Sportsbook promo code COVERSBONUS1000 during registration. Caesars will dish out a one-time bonus bet of up to $1,000 if the initial wager settles as a loss, assuming the qualifying wager is made within 30 days of activation.
- App Store rating: 4.6 (iOS), 4.1 (Android)
- Best feature: Excellent customer support
- Sign-up bonus: $1,000 First Bet on Caesars
- Payout speed: 1-5 days
Caesars Sportsbook is legal in: Arizona, Colorado, DC, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York, Nevada, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming
FanDuel Sportsbook
FanDuel Sportsbook factors frequently into our list of the best sportsbook promos. New customers can claim its latest welcome offer — a bet $5, win $150 in bonus bets welcome offer. Create an account, put in at least $10, and make a $5 moneyline wager on any market. You’ll get your bonus bets only if you win, and you’ll receive them within 72 hours, and no FanDuel promo code is needed to secure the offer.
- App Store rating: 4.8 (iOS); 4.7 (Android)
- Best feature: Stellar apps
- Sign-up bonus: Bet $5, win $150 in bonus bets
- Payout speed: 1-7 days
FanDuel is legal in: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming
BetMGM Sportsbook
Another perennial favorite sports betting site promotion comes from BetMGM Sportsbook, which offers up to $1,000 back in bonus bets to its new users. BetMGM offers insurance on your first wager, with the operator refunding up to $1,000 in bonus credits if you strike out with the initial wager. Use BetMGM bonus code COVERSBONUS during registration,. Caveat: BetMGM does not offer a welcome bonus to its DC, Mississippi, Nevada, New York, or Puerto Rico customers.
- App Store rating: 4.8 (iOS), 4.3 (Android)
- Best feature: Accommodating to all styles
- Sign-up bonus: $1,500 in bonus bets
- Payout speed: 2-8 days
BetMGM is legal in:Arizona, Colorado, DC, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York, Nevada, Ohio, Pennsylvania, Puerto Rico, Tennessee, Virginia, West Virginia, and Wyoming
bet365 Sportsbook
Bolstered by an impressive sign-up bonus, bet365 cements its spot on our list of the best sportsbook promos. The UK-based brand continues to make smart choices regarding U.S. sports betting, setting up shop in six legal states and counting.
bet365 bonus code ‘COVERS‘ triggers $150 in bonus bets when depositing $10 or more and placing a $1 bet at odds of -500 or greater. We consider the bet365 sign-up bonus to be the most new-player-friendly in all legal states.
- App Store rating: 4.7 (iOS); 2.1 (Android)
- Best feature: Intuitive menus
- Sign-up bonus: Bet $5, get $150
- Payout speed: 0-5 days
bet365 is legal in: Colorado, Iowa, Kentucky, New Jersey, Ohio, and Virginia
How do sportsbook promotions work?
Don’t worry, redeeming the best sportsbook sign-up bonuses takes very little time and effort. Get started by signing up for a new account through the links provided here. Then, download one of the best sports betting apps.
Next, enter all pertinent personal details for identity and age verification purposes. Remember to review the sign-up page to confirm where you might have to enter a promo code if applicable.
For identity and age verification to work successfully, uploading a photo of an official ID, like a driver’s license, will be required. Upon account verification, choose from the available sportsbook and withdrawal methods to add funds to the newly created account. We encourage all customers to read through the terms and conditions of the promotion to get the full benefit.
Common mistakes
The best sportsbook sign-up bonuses can help you quickly build a sports betting bankroll. We’ve outlined several ways that can help you avoid pitfalls when claiming a sportsbook promotion or bonus.
First, avoid common mistakes such as letting your bonus betting credits expire. If you’re claiming a first insurance bet or a deposit match sportsbook promotion, the credits you receive if your bet loses will likely expire within 14-30 days.
Unfortunately, many bettors tend to glance over important terms and conditions and are often disappointed when bonus funds expire, are non-withdrawable, or cannot be accessed as anticipated.