Best Sportsbook Promos And Bonuses October 2023 Update
Find the best sportsbook promotions currently available in the United States below, curated by our sports betting experts. Learn how to claim bonuses from BetRivers Sportsbook, Caesars Sportsbook, FanDuel Sportsbook, bet365, BetMGM Sportsbook, and more.
Best sportsbook promotions
Caesars Sportsbook offers the potential for up to $1,000 for new customers. FanDuel, bet365, BetMGM, and more also offer the possibility for large welcome bonuses to new sportsbook users.
Many online sports betting sites offer promotions and bonuses to new and existing users, but deciding which book is the best for you isn’t always easy. In the section below, we break down some of the top sportsbook promotions to help you decide which one might be the right choice for you.
1. BetMGM Sportsbook promotion
The online sports betting arm of the destination resort and casino company, BetMGM has also evolved into one of the top online sportsbooks in a number of states. The BetMGM app offers a large selection of sports on which to bet and the ability to edit your wagers. The sportsbook might not always have the most competitive odds, but its promos and bonuses are solid.
|✅ App store rating:||4.7/5 (Apple), 3.9/5 (Android)|
|💰 Bonus total:||Up to $1,500 in bonus bets|
|⌨️ BetMGM bonus code||PLAYLSR|
|📱 Playthrough requirement:||If your initial bet loses, you’ll receive a refund in the form of bonus bets, up to the maximum. If your initial bet is for less than $50, you receive one bonus bet. If it’s $50 or more, you receive five bonus bets, each equal to 20% of your original losing wager. You’ll then need to wager the bonus bets within seven days.|
|⚡ Payout speed:||4.5/5|
|📍 Legal in these locations:||AZ, CO, DC, IL, IN, IA, KS, LA, MA, MD, MI, MS, NJ, OH, NV, NY, PA, TN, VA, WV, WY & Ontario.|
2. Caesars Sportsbook promotion
Although available in slightly fewer states than the likes of DraftKings or BetMGM, Caesars is a well-rated betting platform that offers competitive odds, solid bonuses, and quick payouts. The app itself is a bit basic, but it will work well for new users.
|✅ App store rating:||4.6/5 (Apple), 4.3/5 (Android)|
|💰 Bonus total:||$1,000 first bet on Caesars|
|⌨️ Caesars promo code||LSR1000|
|📱 Playthrough requirement:||Once you’ve signed up using the promo code, get a one-time bonus bet token of up to $1,000 if your initial bet loses.|
|⚡ Payout speed:||4.8/5|
|📍 Legal in these locations:||AZ, CO, IN, IA, IL, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA & WV|
3. BetRivers Sportsbook promotion
A member of the Rush Street family of casinos, BetRivers offers access to the iRush Rewards program and the option to switch between sportsbook and casino functions with ease (in states where online casino gambling is legal).
|✅ App store rating:||4.4/5 (Apple), 3.1/5 (Android)|
|💰 Bonus total:||Second-chance bet up to $500|
|⌨️ BetRivers bonus code||LSRRIV|
|📱 Playthrough requirement:||If your first bet loses, receive a second-chance bonus bet for up to a maximum of $500 with a 1x playthrough requirement.|
|⚡ Payout speed:||4.7/5|
|📍 Legal in these locations:||AZ, CO, IL, IN, IA, LA, MD, MI, OH, NJ, NY, PA, VA & WV|
4. Bet365 Sportsbook promotion
Already a European sports betting juggernaut, bet365 is expanding in North America with a live app in five states plus Ontario. Bet365’s app is easy to use and offers perks such as live betting features and a personalized display. Bet365 also has bet boosts and super boosts for new and existing customers.
|✅ App store rating:||4.6/5 (Apple), 2.5/5 (Android)|
|💰 Bonus total:||Bet $1, get $365 in bonus bets.|
|⌨️ Bet365 bonus code||LSROH|
|📱 Playthrough requirement:||Bet credits are not withdrawable; you can only use them to place more bets, and winnings (minus the wager amount) are withdrawable.|
|⚡ Payout speed:||4.5/5|
|📍 Legal in these locations:||CO, IA, KY, NJ, OH & VA|
5. FanDuel Sportsbook promotion
The US market leader in online sports betting, FanDuel is available in most states where online books are legal. One of the main attractions is FanDuel’s highly functional and easy-to-use app. The same-game parlay feature is also a selling point.
|✅ App store rating:||4.7/5 (Apple), 4.7/5 (Android)|
|💰 Bonus total:||Bet $5, get $200 in bonus bets.|
|⌨️ FanDuel promo code||None required|
|📱 Playthrough requirement:||After making a deposit of $10 or more, place a wager of $5 or more to receive $200 in bonus bets. You’ll need to wager these bonus funds at least once. For any wagers you win using the bonus bets, you receive the profit but not the initial wager amount.|
|⚡ Payout speed:||4.3/5|
|📍 Legal in these locations:||AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV & WY|
6. DraftKings Sportsbook promotion
DraftKings’ combination of a sleek, well-designed app and an extensive menu of betting options has made it one of the top choices for bettors in an array of states. Available in almost every legal sports betting jurisdiction in the US, DraftKings offers multiple promos for new users and features such as betting pools.
|✅ App store rating:||4.8/5 (Apple), 4.6/5 (Android)|
|💰 Bonus total:||Up to $1,400|
Deposit bonus up to $1,000 not available in Massachusetts
|⌨️ DraftKings promo code||None required|
|📱 Playthrough requirement:||25x playthrough for the 20% deposit bonus up to $1,000; 1x for the bonus bets|
|⚡ Payout speed:||4.3/5|
|📍 Legal in these locations:||AZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MI, NH, NJ, OH, PA, VA, WV & WY|
Top retention offers at sports betting sites
Bet365 offers an early payout promotion for MLB betting. Place a moneyline bet on a team to win, and if that team is up by five or more runs at any point in the game, your wager counts as a win, regardless of what happens after that.
BetRivers offers some MLB parlay insurance. Pick a parlay of MLB bets (four-plus legs) and get your stake back in bonus bets if your parlay loses by a single leg. Offer is available on a weekly basis beginning on Monday.
DraftKings frequently features profit boosts for MLB games. The profit can be from single wagers, parlays, single-game parlays, or picking yes or no on runs in the first inning.
How we rate sportsbook bonuses
There are many factors to take into account when deciding what the best sportsbook bonuses and promotions are, but we only recommend offers from legal online sportsbooks that are licensed and regulated in their respective jurisdictions. We never recommend offshore or illegal sportsbooks.
Options such as Caesars Sportsbook, BetMGM Sportsbook, FanDuel Sportsbook, BetRivers, DraftKings Sportsbook, and bet365 are available in multiple states, offer solid products, and have the backing of trusted gambling brands.
The options we recommend also tend to offer sports betting promos that change frequently throughout the year, and picking one isn’t always easy, so we follow a few guidelines when rating them:
- Best value. While high bonus amounts are great, it is sometimes better to pick a promotion with a slightly lower maximum amount if it’s easier to get access to those funds due to an easier playthrough requirement.
- Promos that do not require a playthrough or have limited requirements will tend to rank well. Ideally, we want a promo that makes it as easy as possible to convert a bonus into cash in your pocket.
- We like bonuses with low deposit requirements.
- Promos and bonuses that you can use on a wide variety of bets will rank higher than promos you can only use on one sport or specific type of bet.
- Bonus funds will often have a time limit, meaning you must use them within a specific period of time, often a week or two. The longer you have to use the promo, the better.
- We like promos and bonuses that use easy-to-understand language. Deciphering the fine print of a promo only to find a hidden requirement is not ideal.
- Sportsbooks with instant withdrawals will score higher in our rankings.
How to claim sportsbook promotions
LSR has promo codes for some of the top sports betting sites, and you can find them at the top of this page in our list of the top sportsbooks. Simply click on the “Play Now” button and enter the promo code. In some cases, clicking on “Play Now” will take you to a page where the promo code has already been entered for you, as some sportsbooks do not require a code to claim sign-up bonuses. Signing up for a new account is all you need to do in some cases.
Alternatively, you can click on links throughout this page that will send you directly to sign-up pages for the various sportsbooks. For example, viewing sections on the best NFL betting sites throughout our football content will feature promotions and links to claim offers.
Under the best sportsbook promos and bonuses section above or the best sportsbook promo codes below, you can click on the name of the sportsbook or the bonus amounts themselves to be sent to a sign-up page. From there, all you have to do is enter some information and place your first bet.
Do I need to make a deposit to claim a sportsbook promotion?
For most welcome offers, new users will need to make a deposit and place a bet in order to receive bonus bets. How much is needed or accepted will depend on the sports betting site. Many deposit methods are similar across these platforms, but various restrictions will depend based on the state and the operator.
Here are some common deposit methods available at sportsbooks:
- Online banking: Bettors can deposit money from a checking account to their sportsbook account. It’s the recommended option with high security and features quicker payouts.
- Debit/credit card betting: Debit cards linked to a banking account are also widely accepted and provide quick withdrawals. Credit cards are an option in some states, but they usually come with fees and interest charges.
- PayPal betting sites: One convenient way to deposit money is to simply link an e-wallet to the sportsbook account. This simply requires logging in and linking the account without needing to add banking information.
- Venmo betting: Similar to PayPal, another e-wallet that is becoming more accepted at sportsbooks is Venmo. Linked payment methods are accepted based the state and/or operator, including wallet balance.
Types of sportsbook bonuses
As mentioned, the actual promotions you will come across will vary by the sportsbook. Many books make the deals exclusive to sports betting, while others will also tie in incentives for other products. For example, Caesars and FanDuel may also offer casino bonuses in that space. Here are some of the most popular sportsbook bonuses and how they work:
Sign-up bonuses are pretty self-explanatory. They are small amounts of site credits that new users receive once they have successfully signed up for a new sportsbook. These are the easiest bonuses to obtain but are essentially just an incentive to get a bettor in the virtual door. Bonus amounts are usually pretty small.
Some online sportsbooks will match your first deposit after you sign up. The maximum can vary but can sometimes be for $1,000 or more. The matching funds will arrive as a percentage of your deposit. Some books offer 20%, but many will match 100%.
- You come across a deposit matching bonus of 100% up to $200 for new bettors at a sportsbook.
- You sign up and make a $50 deposit.
- The sportsbook credits your account with an additional $50.
- You now have a beginning bankroll of $100.
The matched funds are now yours to do with as you wish, but some restrictions will apply. There may be a time limitation on using them, and the actual amount of the credit is not withdrawable. As always, review the terms and conditions of the offer for specifics.
Whenever you make a deposit, though, keep in mind that it’s important to be mindful of your own personal comfort level and sports betting budget, which should consist solely of disposable income that’s equivalent to what you would spend on another entertainment-related expense.
Bet and get
Bet and get bonuses are popping up more often at online sportsbooks as an incentive to not only get new bettors to sign up, but to begin placing wagers. For example, using the bet365 bonus code bettors can claim a “bet $1, get $200” promo where you will receive $200 in bonus bets after signing up and making a wager of at least $1. You receive the bonus whether you win or lose that original bet.
Many people prefer this type of bonus to “second-chance bets” or similar promotions as it doesn’t require your bet to lose for you to receive the benefit. If you signed up, made a $10 wager and won the bet, you would still receive the $200.
No deposit bonus
For this promotion, you get bonus funds to play with after signing up. The amount will vary, and you won’t be able to immediately withdraw the funds, but there are few other restrictions. If you win, the sportsbook will credit your account with the winnings.
- You create an account at DraftKings and receive a $50 bonus bet.
- You place a $50 bet on NFL odds, like the Tampa Bay Buccaneers -3.5 versus the New Orleans Saints.
- The Buccaneers cover the spread. DraftKings credits your account with the winnings, but you’ve used the credit for the bonus bet.
If the bet loses, you’ve also used up the bonus bet, so you’ll have to make a deposit to continue wagering on the site. There are also variations of this promo that may require you to make an initial deposit in order to receive the bonus bet.
Additionally, be sure to view the terms and conditions of the bonus bet, as you may need to use it within a certain timeframe, such as seven or 30 days after account creation. DraftKings, BetMGM and other top sportsbooks have featured this type of bonus at various times.
Bonus bets provide you with the chance to potentially get a feel for a new site, but that doesn’t mean that you should be using them in a haphazard fashion. Since the choice is the potential for profits if you win and nothing if you lose, treat them like any other wager and use them on the games or events that you feel best about.
Odds boosts are when the book increases the odds for a game or prop bet to make the bet more attractive for the bettor. Such boosts always move the odds in your favor, and the sportsbook will often give up some or all of its built-in advantage (also known as vig or vigorish) in these instances.
For example, an online sportsbook might move the odds of Vladimir Guerrero Jr. to hit a home run from +350 up to +600 — much more attractive odds, but of course your wager still needs to win.
These odds boosts are usually available every day at most sportsbooks. There may be more to choose from during special events. For example, Super Bowl odds boosts will be widely available to attract new bettors to sign up.
What is a playthrough requirement?
Playthrough requirements or rollover requirements are stipulations that sportsbooks attach to bonus offers. Many promotions will require you to wager a certain amount of money before you can withdraw any bonus funds in order to avoid bettors simply signing up and immediately withdrawing bonus money without actually betting anything.
Playthrough requirements will vary depending on the bonus amount the sportsbook is offering, so the requirement often appears as a multiplier based on the bonus amount.
For example, a 5x playthrough requirement for a $100 bonus would require you to make wagers totaling $500. The same playthrough for $20 would be $100. In the first scenario, you would have to make the $500 in wagers before the $100 in bonus funds would become available to withdraw.
Make sure to read through the terms and conditions whenever you sign up for a new sportsbook so you know how much you have to wager before being able to claim the bonus. For instance, some sportsbooks might offer a $1,000 bonus and require a 20x playthrough, while another might offer a $200 promotion but only a 1x playthrough requirement. The bonus amount is less with the second option, but you don’t have to bet nearly as much to access the bonus funds.
Best sportsbook bonus codes by state
The number of states where sports betting is legal continues to grow. Kentucky sports betting is the latest. North Carolina and Vermont should follow Kentucky at some point. Those three states follow Ohio, Massachusetts, and Maryland, which all launched in late 2022 or early 2023. Each state has different rules, various legal sportsbooks, and by extension a different selection of sports betting promos and bonuses. Click the link for your state or location below to head to a page where you can see the top available bonuses and promos for that location and any necessary codes to access them.
Best sportsbook promo codes
Below is a list of available sports betting promo codes. Many of the associated bonuses require nothing but for you to sign up to claim them. Simply click one of the links below to head to the appropriate sign-up page.
Sports betting sites to avoid
Any website that says it takes wagers from anywhere in the United States is operating illegally and should be avoided. These sites offer no protection to people who bet with them. All US sportsbooks are licensed at the state level.
Sportsbooks such as Bovada, BetUS, BetOnline, and MyBookie operate from outside the United States, and as such do not need to comply with US laws, restrictions, or business regulations. You could be putting yourself and your financial information at risk by betting on these sites.
Sportsbook promotions FAQ
Is online sports betting legal?
Yes. Online sports betting is legal depending on where you live. Online sports betting is legal in 24 US states as well as Washington DC. The most recent state to launch online sports betting was Massachusetts, and North Carolina, Kentucky, and Vermont are all scheduled to launch in the coming months.
Why do sportsbooks offer bonuses and promos?
With so many sportsbooks jockeying for position, it can be tough to make headway in current states where sports betting is legal and as new markets open up. To help stand apart from the crowd, many books use incentives as a way to attract new business and to keep current customers satisfied.
From the eyes of the sportsbooks, if the cost of a promotion translates into a new customer or increases loyalty from an existing one, that may be worth it. While not all customers will be regulars, the hope is that many of them will evolve into that.
What if I change my mind about a bonus?
Most of the time you will be able to opt out of the bonus or promo after the fact. You will need to reach out to customer support to make sure, but reading the terms and conditions ahead of time can save any headaches. Opting out of bonuses can be beneficial if you are concerned about a long playthrough requirement.
How legit is Bovada?
Sports betting sites like Bovada or BetOnline are not legal in the US and operate outside of US laws and regulations.