Sportsbooks constantly battle to offer players the best promos and bonuses for signing up. While choosing the best betting site can be stressful, we have compiled a list of some of the best sportsbook promo codes to help make your decision easier. We have also gone in-depth to help you understand common terms you’ll find when using sportsbook promos and which sports you can legally bet on in the U.S.
Find the best offers for each popular sportsbook as of June 2023 from popular betting sites like DraftKings, FanDuel, BetMGM, bet365, Caesars, PointsBet, BetRivers, and more using the links below. Stokastic is a trusted partner of many of these sportsbooks. We are licensed by the same state regulators as the betting sites themselves in many cases, so you can trust that you are claiming legitimate offers from some of the best legal and locally regulated online sports betting sites in the country!
Top Sportsbook Promos for June 2023
|Online Sportsbook||New Player Offer||Claim|
|💰 Bet $1 and Get $200 in Bonus Bets||Bet Now! →|
|🎁 Get up to $1,000 paid back in Bonus Bets if you don’t win + One Free Month of Stokastic+ Platinum!||Bet Now! →|
|🤑 Bet $5+ And Win $200 In Bonus Bets – Win or Lose!||Bet Now! →|
|💎 Get a No Sweat First Bet up to $2,500!||Bet Now! →|
|💵 First Cash Bet Is On Caesars up to $1,250 + 1,000 Reward Credits® and 1,000 Tier Credits||Bet Now! →|
|🥇 Deposit $38 and Get $150 in Bet Credits + Your Name on Zane Smith’s NASCAR Truck!||Bet Now! →|
|🏆 Bet $100 and Get $100 in Bet Credits||Bet Now! →|
|🎉 Get a Second-Chance Bet up to $500 ($100 in N.Y.)||Bet Now! →|
|🎯 5X Second-Chance Bets up to $50 Each||Bet Now! →|
|✅ First Bet on FOX Bet up to $50||Bet Now! →|
|🔥 Bet $20 and Get $200 in Bonus Bets if your first bet wins!||Bet Now! →|
Table of Contents
- Top Sportsbook Promos for June 2023
- Sportsbook Promo Codes by Betting Site
- Best Sportsbook Bonuses by Sport
- How to Use Sportsbook Promo Codes and Bonus Types for New Players
- Ongoing Betting Site Bonuses for Regular or Advanced Bettors
- Common Terms to Know for Sportsbook Promo Codes
- Best Sportsbook Promo Codes by State
- Responsible Gaming
- Why Trust Stokastic?
- Sportsbook Promo Code FAQs
Sportsbook Promo Codes by Betting Site
With so many options to choose from, picking the correct sportsbook promo code can be a complicated task. As an authorized partner of many of the best betting sites in the U.S., we have verified all the bonuses we promote directly with the companies offering them. We have gone through the details of the offers to ensure we present them honestly with an unbiased approach so that you know exactly what you’re getting before signing up.
Bet $1 and Get $200 in Bonus Bets
Bet365 has the best welcome bonus in the industry for new players that can be claimed in three easy steps.
- Sign up for a new sports betting account.
- Deposit a minimum of $10 to your account.
- Place a qualifying bet of $1 to get $200 in Bonus Bets once your bet is settled with bet365.
Note: Bonus Bet winnings are added to your Bonus Bets balance. Bonus Bet wager is excluded from returns. Available to new players 21+. T&Cs, time limits, and exclusions apply. Gambling problem? Call or text 1-800-GAMBLER.
Bet365 is legal and available in: New Jersey, Colorado, Ohio, and Virginia.
Bet365 is one of the largest online gambling companies in the world, with a long history of providing a wide range of betting options to its customers.
Bet365’s betting options include sports betting, casino games, poker, and bingo. The site is known for its user-friendly interface and easy-to-use mobile app. Bet365 offers competitive odds on various sports and events, including football, basketball, tennis, and horse racing. The site offers a range of payment options, including credit cards, debit cards, and e-wallets like PayPal and Skrill.
Overall, bet365 is a well-established and reputable online betting site that offers a wide range of betting options, competitive odds, and excellent customer service. Players also appreciate how generous the bet365 promos can be.
Get up to $1,000 paid back in Bonus Bets if you don’t win at BetMGM + One Free Month of Stokastic+ Platinum – Win or Lose!
Please follow the steps below to access the promotion:
First, create a free Stokastic membership (the link will open in a new tab so you don’t lose this page), or log in if you already have a Stokastic account.
Then complete the necessary steps with BetMGM!
- Create a BetMGM Sportsbook account using promo code: PLATINUMSUB
- Deposit at least $10.
- Make your first PAID bet.
- Your bet must settle to qualify for the Stokastic+ subscription.
After you have completed these steps, you will receive an email from BetMGM Sportsbook with instructions for redeeming your ONE FREE MONTH of Stokastic+ Platinum as long as you used our promo code.
*The Platinum Subscription offer is only available in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming
How to Use BetMGM’s $1,000 First Bet Offer
If you make a first bet over $50 at BetMGM, you will receive five (5) bet credits back in equal denominations of 20% of the qualifying bet amount up to $1,000. For example, if you place a $1,000 first wager and your bet loses, you will receive five (5) $200 bet credits in return.
If your first bet loses and is less than $50, you will receive a single bet credit back, equaling the total amount of the qualifying bet. For example, if you place a $20 bet and lose, you will receive one $20 bet credit.
If your first bet wins, you get nothing from BetMGM except for the satisfaction of taking one from the house and winning a bet (pat yourself on the back).
Bet credits must be used within seven days of being credited to your account. Each bet credit can only be placed as one straight bet or parlay and cannot be split between various bet placements.
Terms and Responsible Gambling Resources noted by BetMGM
- 21+ to wager. Please Gamble Responsibly.
- Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY)
- Call 877-8-HOPENY or text HOPENY (467369) (NY)
- Call 1-800-327-5050 (MA)
- Call 1-800-NEXT-STEP (AZ)
- Call 1-800-522-4700 (KS, NV)
- Call 1-800-BETS-OFF (IA)
- Call 1-800-270-7117 for confidential help (MI).
- Visit BetMGM.com for full Terms & Conditions.
- U.S. promotional offers are unavailable in DC, Nevada, New York, or Ontario.
The MGM brand has long been synonymous with gambling, thanks to its resort and casino presence in Las Vegas. A strong collaboration between MGM International and global betting giant Entain Group creating BetMGM made their shift to online sports betting and casinos one of the most natural in the U.S.
BetMGM has carried a solid reputation amongst beginner and intermediate bettors. While their top competitors like FanDuel and DraftKings have to split a good deal of focus to their DFS products, BetMGM remains committed to its sportsbook and online casino offering. This has resulted in BetMGM being named Casino Operator of the Year in 2021 and 2022.
BetMGM remains one of the top sports betting sites in the nation for a reason. Their offering is solid all-around, and as long as you can keep from getting limited as a sharp player, you’ll find very few apps that will stand up to this one. The best BetMGM promos will usually be found around major events like the Super Bowl or March Madness, so if you aren’t sure about signing up now, you can always check back later.
Get a No Sweat First Bet up to $2,500
FanDuel Sportsbook regularly rotates their new-player bonus, but the most common offering is their “No Sweat First Bet.” This offer is currently active until the end of the NBA Playoffs.
To claim this offer, register for a new sportsbook account from an official partner of FanDuel, like Stokastic, by following our link and depositing a minimum of $10 and up to $2,500.
Place a first wager on FanDuel between $10 and $2,500, and if that first wager loses, FanDuel will credit you with a bonus bet equal to your first wager.
Sportsbook bonus bets may be used to wager on any market available on the FanDuel Sportsbook except for Round Robin and Same Game Parlay+ wagers. Sportsbook bonus bets must be manually selected in the betslip window of your FanDuel Account to be used before deposited funds when wagering.
What started as a backyard brainstorm session between five people interested in sports has turned into a leading company in a multibillion-dollar industry. FanDuel has expanded from just offering daily fantasy sports back in 2009 to providing America’s #1 sportsbook app, online casino and poker, and a racebook for horse racing fans. FanDuel has solidified itself as an official sponsor of the NFL, MLB, NBA, WNBA, NHL, PGA TOUR, and more.
FanDuel is consistently rated as having the most user-friendly interface in the industry. Pairing that with their massive selection of risky same-game parlays, player props, and live betting features makes it easy to see why FanDuel remains one of the most popular betting sites in every market in which it operates.
If you’re a beginner or intermediate bettor, FanDuel is a must-have as part of your regular rotation of betting sites. The types of FanDuel promos you’ll find now that they have solidified themselves as an industry leader. But, their odds can be some of the best among the most popular sportsbooks in the country, and their ongoing promos and odds boosts are the perfect options for the casual bettor looking for a way to make each sporting event more entertaining.
Bet $5+ and Win $200 In Bonus Bets – Win or Lose!
DraftKings typically has revolving promos for new players. Their best welcome bonus is now Bet $5 and Get $200. Here is how to claim this offer.
- Sign up for a new DraftKings Sportsbook account.
- Make a first deposit of at least $5.
- Bet $5+ on any sport, and you’ll get $200 in bonus bets, win or lose!
The bonus will be paid in eight (8) $25 bet credits. The $200 in bet credits will expire after seven (7) days of being issued if they’re not used.
Since launching in 2011 as a daily fantasy sports platform, DraftKings has become a household name. DraftKings jumped at the chance to offer the first legal and locally-regulated online sports betting platform in New Jersey in 2018. They have aggressively grown to offer DraftKings Sportsbook in virtually every state where online sports betting is legal.
DraftKings offers one of the most user-friendly sportsbook apps in the market, especially for beginner or intermediate bettors. Their user interface, odds boosts, ongoing promos, same-game parlays, and player props are consistently some of the best in the market.
The only downside you’ll run into with DraftKings is that if you’re consistently beating them, they will quickly limit you. This is one reason it’s always good to have multiple sportsbook accounts to ensure you stay off a sportsbook’s radar as a sharp player. But for the casual player just looking to make each event a little more exciting or to support your favorite team by having a little money on a game, you won’t find many better options than DraftKings Sportsbook.
Get Your First Bet On Caesars up to $1,250!
Caesars offers typical welcome bonuses you’ll find at other betting sites, but Caesars is usually more generous than its competitors in the value of its offer. Right now, your first bet is on Caesars up to $1,250!
Eligible new Caesars Sportsbook and Casino players can also earn 1,000 Caesars Rewards Tier Credits and 1,000 Caesars Rewards Reward Credits by making an initial qualifying wager within 30 days of opening an account of at least $10.
Caesars Sportsbook Terms to Know
- Your bet credit must be used within 14 calendar days from the date it is awarded
- It is for one-time use and cannot be divided across multiple wagers.
- If your first bet wins, you receive no bonus money but keep the Tier and Rewards credits, which can be used for discounted hotel stays, Sportsbook credits, and more perks at Caesars Resort and Casino locations.
If you’re a beginner or intermediate bettor, you’ll be hard-pressed to find a better fit for your sports betting needs than Caesars. They consistently offer one of the most generous new player bonuses in the market and continue that generosity with a solid selection of ongoing promos for existing players.
With roots in Las Vegas dating back to 1966, Caesars has always been one of the most well-known betting brands in the nation. While the preferred gambling platform has changed from the smoky casino floors of the ‘60s to slick online betting apps, Caesars hasn’t missed a step. Caesars even bolstered its betting site operations by acquiring a leading global betting brand, William Hill, in 2021 and merged the technology and experience of two powerhouses into one industry behemoth.
Live betting has been a standout feature of the Caesars Sportsbook platform, and they were the first sportsbook in the market to offer simultaneous live streaming and live betting on the NFL. As long as you can stay off their radar as a sharp player to avoid getting limited, Caesars will be one of your favorite places to play.
Ride with Zane – Deposit $38 and Get $150 in Bet Credits + your name on Zane Smith’s truck at Mid-Ohio!
Tipico Sportsbook has partnered with NASCAR and the 2022 NASCAR Camping World Truck Series Champion, Zane Smith, to bring players who sign up for a new Tipico account an incredible limited-time offer. Follow our link for exclusive access to this promo, register for a new sports betting account at Tipico, deposit $38 and you’ll get $150 in Bet Credits. Claim this promo now!
- The top five (5) largest depositors will receive one (1) VIP Pass to use at any 2023 NASCAR Truck Series event.
- Offer available in NJ, OH, CO, and IA.
- Bet credits will be delivered through five (5) $30 bet credits.
- If a Bet Credit wager does not settle within fourteen (14) days from the date of credit, the Bet Credit will be forfeited.
- The first 300 deposits unlock naming space on Zane Smith’s truck during the NASCAR CRAFTSMAN Truck Series race at Mid-Ohio Sports Car Course in Lexington, OH, on Saturday, July 8, 2023.
Tipico Sportsbook is a well-established German-based sports betting platform founded in 2004. It started as a retail sports betting operation and expanded into the online market in the early 2010s. Tipico offers a wide range of sports and events to bet on. It has a user-friendly interface and provides a smooth and efficient betting experience. The odds are competitive, and they offer various bonuses and promotions to keep customers engaged.
Bet $100 and Get $100 in Bet Credits
New players that sign up for a WynnBET account can Bet $100 and Get $100 in Bet Credits.
- You must bet $100 or more on any sports event with odds of -150 or greater (+105 will qualify; -160 will not) to earn the Bet Credit.
- Multiple smaller bets that total $100 WILL NOT qualify for this promotion.
- Only your first qualifying wager will qualify to receive the Bet Credit (don’t make a small bet first, then a $100 bet. Make your first bet $100).
- Bet Credits will expire ten days after it is received.
- Bet Credits cannot be divided into smaller Bet Credits.
*Important note! Don’t lose your bonus by withdrawing early. If you withdraw any amount from your account while participating in this promotion before completing the wagering requirement, the Sports Bonus balance will be canceled and forfeited, including the original bonus amount and any bonus winnings.
In states that offer online casinos, your $100 in bet credits will be split as a $50 in bet credit and a $50 casino bonus. This offer is invalid in NY.
WynnBET is an online sports betting and casino platform that offers a wide range of betting options for sports enthusiasts and casino lovers. WynnBET offers competitive odds and promotions, making it an attractive option for those looking to maximize their winnings.
WynnBet officially launched in 2020 as a mobile sports betting platform. The app is available in several states where sports betting is legal, including Colorado, Indiana, Michigan, New Jersey, Tennessee, and Virginia. In addition to sports betting, WynnBet offers online casino games in states that allow it, including slots, table games, and live dealer games.
Wynn Resorts is known for its luxury properties and high-end customer service, and the company has brought that same level of quality to WynnBet. The app features a sleek and user-friendly interface and a range of promotions and bonuses for new and existing users.
Get a Second-Chance Bet up to $500 ($100 in NY)
BetRivers offers new customers a second-chance bet up to $500 ($100 in NY). This is a solid offer, as it comes with a one-time playthrough requirement.
Once verified, users can deposit money into their account and make their first bet confidently. If your first bet loses, you’ll get a bet credit in the equal amount of your first wager up to $500 ($100 in NY).
21+ Please play responsibly. Gambling problem? Call 1-800-GAMBLER. New York players can call 877-8-HOPENY or text HOPENY (467369).
BetRivers continues a strong push as one of the more popular secondary betting sites in the U.S., especially in regions that offer iGaming, such as online casinos, poker, slots, and more. Their retail presence in those states makes them an attractive sportsbook to consider if you want to follow along in person and fully take advantage of their rewards program. If you’re looking for a new sportsbook to play at, check out the welcome bonus you can claim from us below as an authorized partner of BetRivers.
Get up to $250 in Second-Chance Bets
New players can get up to five $50 Bet Credits with PointsBet’s Second Chance! “Second Chance” means that if any of your first five cash bets (first bet per day for five consecutive days) on a fixed odds (not Pointsbetting) market loses, you will receive bet credit(s) in the amount of the losing wager(s), up to $50 each.
Your Second Chances start the day you place your first cash bet (e.g., if you open an account on Monday and place your first cash bet on Tuesday, you are eligible for a Second Chance each day, Tuesday through Saturday, that same week). If your first fixed odds cash bet of the day wins, you are not eligible for the bet credit.
If you do not place a bet during those five days, you will lose the Second Chance opportunity for that day(s), and your Second Chance opportunity will not be extended beyond the 5th day.
Must be 21+ and present in CO/IA/IL/IN/KS/LA/MI/MD/NJ/NY/OH/PA/VA/WV. Gambling problem? Call or text 1-800-GAMBLER
Founded in Australia in 2017, PointsBet has become popular in the American sports betting market due to its unique approach to booking bets. “PointsBetting” – where winnings or losses aren’t fixed – has helped the platform stand out in a very competitive market. PointsBet also offers good pricing, coverage, and a smooth mobile user experience in addition to traditional models of sports betting.
Get Your First Bet On FOX Bet up to $50
FOX Bet has a lower value new player sign-up bonus which can be preferred if you just want to give the betting site a try without committing a lot of money upfront. Just ppt-in & place your first bet, and if it loses, FOX Bet will refund it as a bet credit up to $50. Minimum odds of -200 apply. To sign up, follow these steps:
- Register and verify your account for real money.
- Click on the View Challenge button above and hit the Opt-in button before placing your first bet within the first 7-days of creating your account.
- After Opting-in, place your first real money bet within 7 days, and if it loses, FOX Bet will refund it as a bet credit up to $50. (Minimum odds of -200 apply)
- Refunds on your losing bet will be credited as a bet credit after the qualifying bet settles.
- Bet credits will expire 7 days after issuance.
- This offer applies to sports wagering only.
- Customers who have registered through PokerStars or PokerStars Casino are not eligible.
FOX Bet is a sports betting brand for online and mobile user partnering with sports media giant FOX Sports. With FOX Bet, the FOX Sports team is linking its top-shelf sports coverage with real-money sports betting, both for desktop and mobile users to provide sports fans with the total package for consuming and participating in their favorite sports
Sports Illustrated Sportsbook
Bet $20 and Get $200 in Bonus Bets if your first bet wins!
SI Sportsbook offers a pretty decent quality bet and get promo, but the terms make it more unfavorable than the offers you see from industry leaders like DraftKings and FanDuel.
With the SI Sportsbook promo, you must Bet $20 or more on +120 odds or more. If your qualified bet wins, you’ll win $200 in addition to your bet earnings. Your bet credits must be used within seven (7) days, or else they will expire.
Sports Illustrated Sportsbook (SI Sportsbook) is a sports betting platform that offers a wide range of sports betting options for its users. It was launched in partnership with the sports media company Sports Illustrated and is managed by the international online gambling company 888 Holdings, which is a publicly-traded company that owns several popular gambling brands and websites, including 888sport, 888casino, and 888poker.
Overall, if you’re looking for a user-friendly and comprehensive sports betting platform with a wide variety of options, SI Sportsbook is definitely worth checking out.
Best Sportsbook Bonuses by Sport
Betting sites offer sport-specific promotions to attract and retain customers who are interested in betting on a particular sport. By offering promotions that are tailored to specific sports, sportsbooks can show their customers that they understand their interests and are willing to offer them incentives to continue betting on their preferred sport.
Sport-specific promotions can also help bookmakers differentiate themselves from their competitors. By offering unique sportsbook promo codes for a particular sport or player, a betting site can stand out from the crowd and appeal to customers who are specifically interested in that sport.
In addition, sport-specific promotions can be used to capitalize on major events or seasons in a particular sport. For example, a betting site might offer promotions specific to the Super Bowl or the World Series, which are major events that attract a lot of betting activity. This can help the site attract new customers who are interested in betting on these events and retain existing customers who are already fans of the sport.
NFL Betting Promos
The NFL is one of the most popular sports to bet on in the US, and sportsbooks offer a variety of promotions to entice customers to bet on games. Some common NFL promotions include welcome bonuses for new customers who sign up before the start of the NFL season, odds boosts for select games or prop bets, parlay insurance or bonuses for customers who place parlays on NFL games, and bonus bets or contests for big games like the Super Bowl.
Sports bettors can place a variety of bets on NFL games, including point spread bets, moneyline bets, and over/under bets. In addition, bettors can place prop bets on individual players or specific game events, such as the first team to score or the total number of touchdowns. Live betting is also available during games, allowing bettors to place bets on game events as they happen.
NBA Betting Promos
Similar to the NFL, sportsbooks offer welcome bonuses for new customers who sign up before the start of the NBA season. For specific games, sportsbooks may offer odds boosts for select prop bets, as well as parlay insurance or bonuses for customers who place parlays on NBA games. Some betting sites also offer sportsbook promo codes to unlock bonus bets or enter contests for the NBA Finals or other big games.
Sports bettors can place point spread bets, moneyline bets, and over/under bets on NBA games. Prop bets are also available for individual players or specific game events, such as the total number of three-pointers made. Live betting is also an option during games.
College Football Betting Promos
College football offers many of the same betting options as the NFL, including point spread bets, moneyline bets, and over/under bets. Prop bets are also available for individual players or specific game events, such as the total number of rushing yards. Live betting is available during games, as well.
Sportsbooks offer welcome bonuses for new customers who sign up before the start of the college football season, and some sportsbooks also offer limited-time promotions or contests for big games like the College Football Playoff.
The availability to bet on college sports in one of the most inconsistent markets across the country. Some states don’t allow college sports betting at all, some ban college player props, and some ban betting on local college teams only.
College Basketball Betting Promos
Sportsbooks offer similar promotions for college basketball, including welcome bonuses for new customers and odds boosts for select games or prop bets. For college basketball, sportsbooks may also offer parlay insurance or bonuses for customers who place parlays on games, as well as bracket challenges or contests for March Madness or other big games.
For college basketball, sports bettors can place point spread bets, moneyline bets, and over/under bets on games. Prop bets are also available for individual players or specific game events, such as the total number of three-pointers made. Live betting is also an option during games.
Like college football, betting on college basketball is widely contested from state to state, so don’t be surprised if you don’t see anything in your location. Some states, like Massachusetts, only offer March Madness betting markets or other NCAA Basketball Tournaments with more than four teams competing.
MLB Betting Promos
Baseball is a popular sport to bet on in the US, and sportsbooks offer a variety of promotions to attract customers. Some common MLB promotions include welcome bonuses for new customers who sign up before the start of the MLB season, odds boosts for select games or prop bets like No Run First Innings, parlay insurance or bonuses for customers who place parlays on MLB games, and promos during big games or the World Series.
For baseball, sports bettors can place moneyline bets on games, as well as run line bets, which are similar to point spread bets. Over/under bets are also available for the total number of runs scored in a game. Prop bets are available for individual players or specific game events, such as the total number of strikeouts in a game.
NHL Betting Promos
Sportsbooks offer welcome bonuses for new customers who sign up before the start of the NHL season. For specific games, sportsbooks may offer odds boosts for select prop bets, as well as parlay insurance or bonuses for customers who place parlays on NHL games. Some sportsbooks also offer bonus bets or contests for the Stanley Cup Finals or other big games.
Similar to other sports, sports bettors can place moneyline bets on NHL games, as well as puck line bets, which are similar to point spread bets. Over/under bets are also available for the total number of goals scored in a game. Prop bets are available for individual players or specific game events, such as the first team to score.
PGA Betting Promos
Golf is an increasingly popular sport to bet on in the US, and sportsbooks offer a variety of promotions to attract customers.
For specific tournaments, sportsbooks may offer odds boosts for select prop bets, as well as parlay insurance or bonuses for customers who place parlays on golf tournaments. Some sportsbooks also offer VIP experiences or contests for big tournaments like the Masters or U.S. Open.
UFC Betting Promos
Sportsbooks offer welcome bonuses for new customers who sign up before a big UFC event. For specific fights, sportsbooks may offer odds boosts for select prop bets, as well as parlay insurance or bonuses for customers who place parlays on UFC events.
For mixed martial arts (MMA), sports bettors can place moneyline bets on individual fights, as well as prop bets on specific events within a fight, such as which round the fight will end. Bettors can also place bets on the method of victory, such as by knockout or submission.
How to Use Sportsbook Promo Codes and Bonus Types for New Players
There are several types of common welcome bonuses you will find from betting sites as a new player. Finding the best option for you depends on a few factors, such as the amount of money you are willing to deposit at a new sportsbook upfront or how much faith you have in the first bet you’re going to place at a new sportsbook. We have covered all the most common sportsbook promo codes and bonus types for new players below.
First Bet Paid Back
Getting your first bet paid back if it loses is one of the most common sportsbook offers you’ll find in the U.S. You will see this offer presented in many different ways. FanDuel often has a “No Sweat First Bet,” and Caesars claims your “First Bet is On Us,” but the general terms are typically the same across the industry. This bonus was also commonly referred to as a “risk-free bet,” but that term has been discontinued across the industry as it was misleading. You most certainly have to incur some risk by depositing your own money to qualify for these offers, and there is always an inherent risk in gambling.
Getting your first bet paid back if it loses is a great option for players looking to deposit more money than average upfront when opening a new account, for example, $1,000. It is also a good option if you have a good feeling about an underdog and want to place a wager on them, knowing that if it loses, you will get a second chance at wagering that money in the form of bonus funds or site credit.
A sportsbook first deposit match is becoming less common, but they can be some of the best offers out there when the match is 100% or more. For example, a betting site may offer a 125% deposit match up to $250, meaning you would only have to deposit $200 to get $250 in bonus funds. The most common sportsbook deposit matches are usually capped well below $500, so if you’re looking to deposit more, you should look for the “First Bet Paid Back” promo types mentioned above.
Deposit matches are great for all players due to their flexibility since they are typically “up to” a fixed maximum amount but still valid if you want to deposit less than that maximum amount. If the maximum amount you’re able to deposit is only $50, you can still get an extra $50 to play with if it’s a 100% match, doubling your initial bankroll. Just be sure to read the terms carefully on these promos, as you will often see playthrough requirements attached to deposit matches. You can learn more about those in our “Common Terms to Know” section below.
Bet and Get
The bet and gets or “no-brainers” are usually the best sportsbook promo codes you will find for all types of bettors. The major sportsbooks have started to pull back from using these as often due to the low deposit and wager amount required from players and the high payout of bonus funds from sportsbooks.
These will usually be found in the form of “Bet $5 and Get $150 in Bonus Bets” or something similar. These are typically straightforward, with few strings attached. Minimum deposit amounts are usually around $10. The best bet and gets will give you your bonus funds win or lose, while sometimes it is required for your first wager to win to receive the bonus funds. As always, check the terms of all promos or chat with a customer service representative at the betting site if you have any questions.
No Deposit Bonus
A no-deposit bonus is often searched for by sports bettors but is rarely found. These can be offered on occasions when a new state is going to launch sports betting as part of an early sign-up or pre-launch promotion. You can also find these at sweepstake sites or social sportsbooks like Fliff that offer free-to-play games with a chance at winning real money. At social sportsbooks, the bonus is usually free plays with their house currency (coins or fake cash) which doesn’t usually equate to substantial real-money winnings. But they can still be a lot of fun.
Ongoing Betting Site Bonuses for Regular or Advanced Bettors
Getting new players in the door is only half of the battle for sportsbooks. Keeping players engaged with ongoing promos and bonuses is a key part of retaining customers that the best online betting sites in the U.S. are constantly working on. Below we have listed some of the most common options you will find.
Odds Boost Bonuses
Odds boosts are a popular type of sports betting promotion that many sportsbooks offer to customers. An odds boost is a promotion where the sportsbook offers better odds than usual on a particular bet. For example, if the normal odds of a football game are -110, the sportsbook might offer an odds boost to -105 or even +110.
Odds boosts can be applied to a variety of different bet types, including moneyline bets, point spread bets, and totals bets. Some sportsbooks offer daily odds boosts, while others offer them on select games or events.
It’s important to note that odds boosts are not guaranteed wins, and you should still make sure they are making informed bets before taking advantage of an odds boost promotion.
Same Game Parlay Bonuses and Insurance
Same Game Parlay (SGP) is a type of bet where a customer can combine multiple bets from the same game into one parlay. Sportsbooks offer SGP bonuses and insurance to entice customers to place more SGP bets due to the high risk and profit they receive from these bets.
A Same Game Parlay bonus is a promotion where the sportsbook offers a bonus payout if a customer hits a certain number of legs in their SGP bet. For example, a sportsbook might offer a 10% bonus on all SGP bets with at least 3 legs.
Same Game Parlay insurance is a promotion where the sportsbook refunds your bet if you miss by one leg. For example, if a customer places a 3-leg SGP bet and only one leg loses, the sportsbook will refund the customer’s bet.
Refer-a-friend bonuses are a promotion where the sportsbook rewards customers for referring their friends to the sportsbook. The customer usually receives a bonus when their friend signs up and makes a deposit.
The bonus amount and terms can vary by sportsbook, but they typically require the referred friend to sign up and make a deposit before the bonus is credited to the customer’s account. Some sportsbooks also offer bonuses to the referred friend as an incentive to sign up.
Free-to-Play Contests and Tournaments
Free-to-play contests and tournaments are a type of sports betting promotion where customers can participate in contests and tournaments for free, with the chance to win real money or prizes.
Sportsbooks offer a variety of free-to-play contests and tournaments, including pick’em contests, survivor pools, and bracket challenges. These promotions are a great way for customers to engage with the sportsbook without risking any of their own money.
Prizes for free-to-play contests and tournaments can vary widely, from cash prizes to merchandise or even VIP experiences. It’s important to note that some free-to-play contests and tournaments may have eligibility requirements or geographic restrictions, so customers should read the terms and conditions carefully before participating.
Common Terms to Know for Sportsbook Promo Codes
Nothing in this world is free, and that quote stands true with sports betting promos. While the terms and conditions laced into the locally regulated U.S. betting sites that we support are usually minimal, they are always crucial to read and know. Not abiding by the terms set by bookmakers can put you at risk of losing your bonus funds and any winnings that you may have accrued by placing wagers with those bonus funds. Here are some of the most common terms you’ll find from legal online sportsbooks.
Wagering requirements called “play through” or “rollover” are the most common term you’ll find when using sportsbook promo codes. This means that you have to wager either your bonus funds, your initial deposit amount, or sometimes both a set amount of times (i.e. 5x) before you’re able to withdraw any real money from your account. You also usually have a time limit to do this (for example, within seven days of receiving your bonus), or else your bonus funds and any winnings accrued from placing bets with those bonus funds can be voided.
Here is an example of how these requirements may work:
- Example Offer: 100% Deposit Match up to $500
- Wagering Requirement: 5x rollover on your deposit and bonus amount within seven (7) days.
- The math: Deposit Amount = $500 + Bonus Match = $500 for a total of $1,000 in deposit and bonus amount.
- You must play through that deposit and bonus amount in this scenario 5x ($1,000 x 5 = $5,000) within seven (7) days before you’re able to withdraw any money from your account.
Not all wagering requirements work the same, so it’s always important to read if your sportsbook bonus has any of these requirements. If you’re unsure, always chat with a customer service representative before making an initial deposit.
Odds requirements are another common term found when using sportsbook promo codes. To be honest, these are often put in place by bookies forcing you to wager your bonus funds on uncertain favorites or underdogs, limiting their chances of actually having to pay you out substantial winnings on a minimal deposit.
You will usually see odds requirements explained in the terms by saying something like, “Bet $20 on +120 odds or more. If your qualified bet wins, you’ll win $200.” This means that you can’t bet a favorite at all. Wagers with -110 odds will not qualify for a promotion like this, but +300 will. Another common form of displaying this is “maximum odds of -200.” Similarly, a wager with -300 odds would not qualify here, but -110 or any underdog (+110, +300, etc.) would qualify.
You will most commonly be affected by minimum deposit limits as a beginner, but even advanced players should be aware of maximum deposit limits as well. For the average player, you may see a sportsbook promo that says, “Bet $5 and Get $200.” While you may only need to bet $5 to qualify for the bonus, most betting sites typically have a minimum deposit of $10 to open an account.
It’s also important to note if the sportsbook welcome bonus is tied to your first deposit only or your first wager. In some cases, the minimum deposit limit may only be $10, but for a deposit match, you may only receive $10 in bonus funds if the promotion is tied to your first deposit.
Bonus Funds Expiration
One of the most aggravating ways to lose your bonus winnings is to have your promo expire before you met all the requirements. Most sportsbook promos expire seven (7) days after you receive them, while others may expire 14 or even 30 days after being credited to your account.
Another important factor to look into with the expiration is if your sportsbook promo mentions that the bonus will expire if not settled within X days or if a wager needs to be placed within X days. Some betting sites, like DraftKings Sportsbook, mention that your wager needs to settle within seven days, meaning a bet on a current event that will be graded and settled ASAP. Others, like BetMGM, mention your wager needs to be placed within seven days, meaning you can bet on a future that will settle months away with bonus funds as long as you place that bet within seven days of the bonus funds being credited to your account.
Early Cash Out Penalty
You must be careful at some online betting sites not to try and cash out any winnings before you have finished all wagering requirements. This will commonly void your bonus funds and any winnings you may have accrued by placing wagers with the site credit. Many sportsbooks also have an “early cash out” feature, which will void a previously qualifying bet from contributing towards your wagering requirements, forcing you to start the process all over.
Qualifying Bet Restrictions
Qualifying bets are typically referred to as the proper type of wager you are allowed to place that will contribute towards satisfying your wagering requirements. This usually means a straight cash bet on a standard market (moneyline, spread, over/under). Qualifying bets usually exclude any other form of an enhanced wager that may have used a boost, insurance, or additional bonus token of any sort.
Best Sportsbook Promo Codes by State
Sportsbook promo codes may vary depending on the state in which the companies operate. This is because sports betting is regulated on a state-by-state basis in the United States, and each state has its own tax rates, laws, and regulations governing sports betting.
Some states may have more favorable regulations for sports betting than others, which may allow sportsbooks to offer more generous promotions in those states. In addition, sportsbooks may have partnerships with local sports teams or other organizations in certain states, which could lead to the creation of unique sportsbook promo codes for customers in those states.
It’s also worth noting that some betting sites may not be available in all states due to licensing restrictions or other factors. So, even if a sportsbook offers a particular promotion or promo code in one state, it may not be available to customers in other states.
Find the best sportsbook promo codes by state at Stokastic:
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Stokastic was built by a talented team of DFS players and sports bettors who win millions of dollars every year. We provide our users with the same data and tools we use to win every day. Our mathematical, results-based models use millions of data points to produce superior insights.
We want to help players of all experience levels make the best choices when it comes to how they’re playing and what sites they’re playing with. We are also licensed in the same states by the same regulators as the betting sites we recommend, so you can trust that you are claiming offers from legal, licensed, and locally regulated online betting sites.
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