The Best Sportsbook Promo Codes & Bonuses - May 2026

Today's Top Sportsbook Promo Codes — May 2026

Our team tests every sportsbook promo code listed on this page in person. We sign up, deposit, place the qualifying bet, and confirm the bonus credits before we recommend it. The result: a ranked list of the best sportsbook bonus codes available in the US right now, complete with a plain-English breakdown of how each offer works, what the wagering terms actually mean, and which promo codes deliver the strongest expected value (EV).

Below you'll find our top picks ranked by EV, a state-by-state breakdown of which sportsbook promos are available where you live, and clear answers to the most common questions about how betting promo codes work in the US.

A Closer Look at the Sports Betting Bonuses From Each Sportsbook

We'll break down promotions from ten different sportsbooks, providing a brief overview of each of them along with details about the states where they operate. All the listed sportsbook promos are only available to new customers of the sportsbooks. If you are looking for an in-depth analysis of each sportsbook listed below, we’ve linked them to their individual reviews.

1. Fanatics Sportsbook Promo Code

Fanatics Sportsbook brings a totally unique approach to betting promotions by directly tying your wagers to official sports merchandise. While the app provides a highly intuitive mobile experience and plenty of daily parlay boosts, the real draw for new users is the FanCash rewards program.

If you are setting up an account for the first time, Fanatics is currently running a primary welcome offer of up to $1,000 in FanCash. You do not need a specific Fanatics promo code to claim this deal. Simply register, make a qualifying deposit of at least $10, and place a daily cash wager of $1 or more. Once your bet is settled, Fanatics will match your wager up to $100 in FanCash each day for ten consecutive days. Alternatively, depending on your state, you may have access to a "Bet and Get" offer, where placing an initial $20 wager unlocks $200 or $350 in bonus bets.

What makes this promotion genuinely interesting is how you can actually use your reward. You have the total flexibility to convert that FanCash into standard bonus bets to use on the sportsbook, or you can spend it directly on the Fanatics retail site to buy official team jerseys, hats, and other apparel. Beyond the initial welcome offer, the platform runs very smoothly and offers a great live betting interface. If you are a diehard sports fan who regularly buys team gear, this rewards structure is an excellent option.

» Check out our in-depth Fanatics Sportsbook review.

💰 Sign-up offer: Up to $1,000 in FanCash
🤩 Bonus code: No code required
🧮 Wagering Requirement: 1x Playthrough
⭐ WSN Rating: 4.1/5
💻 Expected Value: $700.00
📜 Licensed in: AZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, MD, MA, MI, MO, NJ, NY, NC, OH, PA, TN, VT, VA, WV, and WY.

Claim Your Fanatics Sign-Up Bonus

2. BetMGM Sportsbook Promo Code: WSNSPORTS

BetMGM holds its own against the other major betting apps when it comes to welcome offers. If you are looking for a highly polished platform that ties directly into a massive physical rewards program, this is a fantastic starting point. Right now, they are running two distinct sign up promotions based on your location.

Here is how the current offers break down:

• The Safety Net (Most States): For the majority of new players, BetMGM offers a First Bet Safety Net up to $1,500. Just register with the BetMGM bonus code WSNSPORTS, deposit $10, and place a real money wager of at least $5. If that first bet happens to lose, they will refund your stake in bonus bets up to the $1,500 limit. It is a great cushion if you want to take a bigger swing right out of the gate.

• The Bet & Get (MI, NJ, PA, WV): If you are physically located in Michigan, New Jersey, Pennsylvania, or West Virginia, you get a slightly different deal. In these specific states, you can place a simple $10 first wager, and you will automatically receive $150 in bonus bets. The same WSNSPORTS bonus code also works here.

• The Nevada Offer: Because of specific local regulations, bettors physically located in Nevada have access to a slightly smaller version of the Safety Net. If you sign up and place your first wager in Nevada, BetMGM will refund your stake up to $250 in bonus bets if it happens to lose. The bonus code you should use here is WSNNEVADA.

» See more in our BetMGM Sportsbook review.

💰 Sign-up offer: Get Up to $1,500 in Bonus Bets
🤩 Promo code: WSNSPORTS
🧮 Wagering Requirement: 1x Playthrough
⭐ WSN Rating: 4.5/5
💻 Expected Value: $525
📜 Licensed in: AZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MO, NV, NJ, NY, NC, OH, PA, PR, TN, VA, WV, and WY.

Claim your BetMGM Welcome Offer

8. Borgata Sportsbook Promo Code

Borgata Sportsbook welcomes new customers with a straightforward offer: place your first $20 bet and receive $100 in bonus bets. This promotion is a great starting point, particularly for a sportsbook tailored to the New Jersey market, and it easily competes with the baseline offers you see from the massive national brands.

To claim this deal, you simply need to create a new account. You do not need a specific Borgata promo code to activate the offer. Once you are signed up and have made a qualifying deposit, just place your initial $20 wager on any market with odds of -200 or longer. This means a bet at -150 or +110 works perfectly, but backing a heavy favorite at -300 would not qualify.

The best part of this promotion is that you receive the $100 in bonus bets regardless of whether your first ticket actually wins or loses. The bonus is typically paid out as ten separate $10 tokens, giving you plenty of flexibility to spread your action across a few different games over the following week. It is a very accessible, low stress way to test out the platform without needing to risk a huge amount of upfront cash.

» Learn more about Borgata in our in-depth Borgata Sportsbook review.

💰Sign-up offer: Bet $20, Get $100 Instantly
🤩 Promo code: No promo code required
🧮 Wagering Requirement: 1x Playthrough
⭐ WSN Rating: 4.2/5
💻 Expected Value: $70
📜 Licensed in: NJ and PA

Claim Your Borgata Sign-Up Bonus Now

The Best US Sportsbook Promos Ranked by Expected Value (EV)

Not all sports betting bonuses are created equal. Sportsbooks often use massive numbers in their marketing, but a $1,000 bonus is never actually worth $1,000 in withdrawable cash. To find out which offers put you in the best sportsbook bonus, we rank every promotion using a strict Expected Value (EV) formula.

Here is the true mathematical street value of the top sportsbook welcome offers currently on the market:

What is Expected Value (EV) and Why Does It Matter?

Expected Value (EV) is a mathematical tool that calculates the true baseline cash value of a sports betting promotion. We use this metric to strip away the flashy marketing headlines and expose the actual "street value" of an offer.

Because sportsbook rewards are usually paid out in bonus credits rather than cash, and because you often have to risk your own money to trigger those rewards, EV acts as an appraisal. By weighing the specific rules of the offer against the real-life probabilities of your bets winning, EV tells you exactly how much withdrawable cash a promo is mathematically worth to your bankroll.

How We Calculate These Numbers (Our Standardization Protocol)

To ensure every sportsbook is graded fairly on an apples-to-apples basis, we never guess. We use a strict Standardization Protocol to find our EV scores: (Max Bonus Amount x Bonus Conversion Factor) x Implied Probability.

Step 1: The Bonus Conversion Factor (70%)

Almost all sportsbooks issue their rewards as Stake Not Returned (SNR) bonus bets. This means if you win a wager using a bonus, you keep the profit, but the bonus token itself disappears. Because of this rule, a bonus bet is mathematically worth less than raw cash. We apply a strict 0.70 (70%) conversion rate to all bonuses, as this is the realistic ceiling sharp bettors can safely convert to cash by betting on underdogs. Just be aware that this 70% metric assumes you are using hedging or matched betting strategies across multiple sportsbooks to lock in a guaranteed return. If you just place a regular straight bet, you aren't guaranteed 70%. You will either win your standard payout or get zero.

Step 2: The Implied Probability (The Trigger)

The probability of actually receiving the bonus changes drastically depending on the sportsbook's rules. To keep things standardized, we apply the following baseline rules to our calculations:

• Guaranteed (1.00): If a bonus pays out regardless of whether your first bet wins or loses, your chance of receiving it is 100%.

• Conditional / If Win (0.75): If a bonus requires you to win your first bet, we assume a smart betting strategy: placing your qualifying wager on a heavy -300 favorite. This gives you a 75% baseline chance to secure the bonus.

• Insurance / First Bet Back (0.50): If a bonus only triggers if you lose your first bet, we assume you place a standard -110 point spread wager. This creates a 50% baseline chance that you lose the bet and trigger the insurance.

What Are Sportsbook Promos and How Do They Work?

Online sportsbook promos, bonus codes, and sign-up bonuses allow sportsbook operators to draw in and retain bettors on their platforms by offering an initial welcome offer (usually unlocked via a promo code for sportsbook registration), so the new player can test the sportsbook without investing too much of their bankroll.

To access these promotional benefits, customers must typically meet specific conditions, such as making a deposit or placing a bet.

These promotional offers entice users to engage with the sportsbook and stay active on the platform, ultimately benefiting both the bettor and the sportsbook.

Types of Sports Betting Promotions

Sportsbooks use a lot of flashy marketing terms, but almost every promotion falls into one of a few main categories. Understanding exactly how these mechanics work is the best way to know if an offer is actually worth claiming.

Here are the most common types of sportsbook promotions you will see in the US:

• First Bet Safety Nets (Second-Chance Bets): This is currently the most popular welcome offer in the industry. You place your first real-money wager, and if it loses, the sportsbook refunds your exact stake (usually up to $1,000 or $1,500) in the form of Bonus Bets. If your first bet wins, you simply keep your cash profit and receive no bonus.

• "Bet and Get" Offers: These are highly popular around the start of major seasons like the NFL. The mechanic is incredibly simple: you place a small qualifying wager (like $5), and the sportsbook instantly credits your account with a set amount of Bonus Bets (like $150), regardless of whether your original bet wins or loses.

• Deposit Match Bonuses: With a deposit match, the sportsbook agrees to match a percentage of your very first cash deposit with bonus funds. For example, a "100% Deposit Match up to $200" means if you deposit $200, the sportsbook gives you an additional $200 in bonus site credit. These often come with strict rollover requirements.

• No-Deposit Bonuses: These are the holy grail for bettors, but they are incredibly rare today. A no-deposit bonus gives you a small amount of site credit (usually $10 to $25) just for creating a verified account, without requiring you to put any of your own money on the line.

• Odds Boosts and Profit Boosts: These promotions artificially increase your payout on a specific wager. An odds boost is usually chosen by the sportsbook (e.g., boosting a specific player to score a touchdown from +110 to +150). A profit boost gives you a token that you can apply to a bet of your own choosing to increase your potential winnings by a set percentage.

• Parlay Insurance: Parlays are notoriously difficult to win, so sportsbooks offer insurance to soften the blow. If you build a multi-leg parlay and exactly one leg loses, the sportsbook will refund your original stake as a Bonus Bet so you can try again.

• Refer-a-Friend Bonuses: If you send a friend a unique tracking link and they sign up, deposit, and place a qualifying wager, both you and your friend will receive a reward (usually a $50 or $100 Bonus Bet).

Common Sportsbook Bonus Terms & Conditions

While specific terms and conditions can vary between different sportsbooks and promotions, they will all include the following terms:

• Minimum deposit/bet: Most promotions require a minimum deposit or a qualifying bet amount to activate the bonus.

• Time limits: Many promotions have time limits that require you to claim the bonus, meet the qualifying criteria, or use the bonus funds within a certain amount of time.

• Minimum odds: Certain promotions may require placing bets with minimum odds to qualify for the bonus or count towards the betting requirements.

• Wager requirements: Wagering requirements indicate the number of times you need to bet your bonus before you can withdraw your winnings. In most cases, it’s once. 

• Maximum wager: Sportsbooks may limit the maximum wager you can place using a bonus bet for a specific game or event. This limitation is imposed when the operator wants to mitigate potential losses by capping the size of your bonus bet wager.

How To Claim a Sportsbook Promo Code

If you're new to sports betting, here are the five steps required to claim a sportsbook promo code or bonus code offer:

1. Choose a sportsbook from our ranked list. Each operator listing on this page shows the exact bonus code (or notes "no code required") so you know what to enter before you start.

2. Click through to the sportsbook using our link. This ensures the affiliate tracking applies the promo correctly. Provide your personal details, including your name, address, email, last four digits of your SSN, and date of birth, to complete the registration form.

3. Enter the bonus code at sign-up. Look for the "Promo Code," "Bonus Code," or "Have a Code?" field on the registration screen. Type the code exactly as shown (case-sensitive at some operators). If your chosen sportsbook doesn't require a code, skip this step, as the offer applies automatically.

4. Make your first deposit. Most US sportsbook promos require a minimum deposit of $10. Use any approved payment method, such as a debit card, PayPal, Apple Pay, online banking, or PayNearMe at retail.

5. Place your qualifying bet. Each offer has a specific qualifying wager, usually a $5 to $10 minimum at -200 odds or longer. Once the bet settles, your bonus credits according to the offer's terms (instantly for "Bet & Get" offers; only on a loss for safety-net offers).

We've clearly labeled every sportsbook on this page so you know whether the promo code must be entered at sign-up, applied at deposit, or opted into from your account dashboard.

What Is a Sportsbook Bonus Code?

A sportsbook bonus code (sometimes called a promo code) is a short string of letters and numbers that unlocks a specific welcome offer when you sign up for a new betting account. You enter the code during registration, and the sportsbook automatically applies the matching bonus once you complete the qualifying action, usually your first deposit or first real-money bet.

In the US sports betting market, "bonus code" and "promo code" mean the same thing. You'll see operators use both terms interchangeably: BetMGM calls theirs a "bonus code," FanDuel calls theirs a "promo code," and Caesars uses both depending on the campaign. There's no functional difference: enter it at sign-up, get the offer.

Do You Always Need a Bonus Code to Claim a Sportsbook Bonus?

No. Some sportsbooks require you to enter a specific promo code during the sign-up to unlock the highest-value offer, while others apply the bonus automatically when you register through an affiliate link.

• Sportsbooks that require a bonus code: BetMGM (WSNSPORTS), Caesars (WSNDYW), BetRivers (SPORTS), Crab Sports (WSNCRAB). Sportsbooks where no code is needed: FanDuel, Borgata, Hard Rock Bet, Fanatics. The offer is auto-applied when you sign up through our links.

• When a code is required, we display it clearly in the operator block and in the tables above. If no code is required, we say so explicitly so you don't waste time hunting for one.

Where Do You Enter a Sportsbook Promo Code?

Most US sportsbooks include a promo code or bonus code field on one of three screens during the sign-up flow:

1. The initial registration form, directly below your personal details (most common).

2. The first deposit screen, entered alongside the deposit amount.

3. Inside your account settings, applied retroactively before your first qualifying bet.

If you can't find the field, scroll to the bottom of the registration form or check the "Have a promo code?" expandable link, which is sometimes collapsed by default on mobile.

What Happens If Your Sportsbook Bonus Code Doesn't Work?

If a betting promo code fails to apply, the cause is almost always one of these:

1. You're physically located in a state where that promo isn't available. The code expired (always check the date on our listings).

2. The code is restricted to new customers only and you already have an account.

3. A typo: bonus codes are case-sensitive at some operators.

Try entering the code again in all caps, confirm you're in an eligible state, and make sure you're using a brand-new account. If it still won't apply, contact the sportsbook's customer support. They can usually credit the bonus manually if you signed up within the promotion window.

Best Ongoing Sportsbook Promos for Existing Users

The massive welcome bonuses get all the attention, but the best US sportsbooks know they need to provide ongoing value to keep you around. Once you have played through your initial sign-up offer, you should look for sportsbooks that consistently reward their existing users.

Since daily promotions change rapidly depending on the sports season, here are the most common ongoing promos you should look out for, and who typically does them best:

1. Daily Odds Boosts: Almost every major sportsbook offers daily odds boosts, which artificially inflate the payout on a specific market. For example, a sportsbook might boost a player to score a touchdown from +110 to +150. DraftKings and Caesars Sportsbook are well known for offering a high volume of daily odds boosts across multiple sports.

2. Profit Boost Tokens: Instead of the sportsbook choosing the bet for you, a profit boost token allows you to increase the payout on a bet of your choice. You simply add a bet to your slip, click the token, and watch the potential payout jump by 25%, 50%, or even 100%. FanDuel frequently hands out profit boost tokens, especially for Same Game Parlays.

3. Parlay Insurance: If you love building multi-leg parlays, this is a must-have promotion. Parlay insurance refunds your stake (usually as a Bonus Bet) if exactly one leg of your parlay loses. BetMGM is famous for its regular parlay insurance offers, particularly during the NFL and NBA seasons.

4. Loyalty and VIP Rewards: The most sustainable way to get ongoing value is through a tier-based rewards program. Every bet you place earns points that can be redeemed for bonus bets, site credit, or real-world perks like hotel stays and dining. Caesars Rewards and MGM Rewards are widely considered the gold standards here, as they perfectly link their online sportsbooks to their physical casino resorts.

Sportsbook Promo Codes & Bonuses by State

A quick overview of the best sportsbook promos and bonuses for every state where online sports betting is legal.

Gamble Responsibly

We value responsible gambling practices and prioritize the well-being of our users. If you are looking for tips on gambling responsibly, you are at the right place.

• Set a Budget: Establish a budget for yourself before you start gambling. Determine how much money you can afford to spend on gambling without negatively impacting your financial well-being. Stick to this budget and avoid exceeding it, even if you experience losses.

• Only Gamble with Disposable Income: Never gamble with money that is meant for essential expenses like rent, bills, or groceries. Use disposable income you can afford to lose without causing financial hardship.

• Set Time Limits: Set specific time limits for your gambling sessions and stick to them. Take breaks and engage in other activities to maintain a balanced lifestyle.

• Avoid Chasing Losses: Do not try to recoup losses by increasing your bets or chasing losses. This can lead to reckless gambling behaviour and financial strain.

• Understand the Odds: Familiarize yourself with the odds and probabilities of your games. This can help you make informed decisions and set realistic expectations.

Remember, gambling should be seen as entertainment and not a guaranteed way to make money. By gambling responsibly and within your means, you can minimize the risks and enjoy the experience in a safe and controlled manner. 

If you or someone you know has a gambling problem, you can talk to someone at the National Problem Gambling Helpline by calling 1-800-GAMBLER. More information can be found on the NCPG website.

How We Rated the Best Sportsbook Promotions

To determine the best sportsbook promos, we checked each deal's fine print and considered six factors and criteria. 

1. ✅ Value: Assessing the promotion's value means weighing its actual monetary or betting benefit against the requirements and other criteria. 

2. ✅ Requirements: At face value, a $1,000 bonus looks better than a $200 bonus. But if the $1,000 bonus requires a $5,000 deposit, while the $200 bonus only requires a $5 bonus, that changes things. It's all about getting the best bang for your buck.

3. ✅ Rollover requirements: Rollover requirements refer to the number of times you must wager the bonus amount or the winnings generated from the bonus before you can withdraw any funds. Lower rollover requirements are generally more favorable to bettors.

4. ✅ Market restrictions: Some promotions may only apply to specific sports (market), which drastically changes the appeal of the promotion.

5. ✅ Minimum odds: Sportsbooks will almost always place minimum odds restrictions on qualifying bonus bets. Lower minimum odds can be more flexible for bettors, while higher minimum odds can make it more challenging to use the promotion.

6. ✅ Time Limit: Some promotions have time limits for meeting the wagering requirements or using the bonus funds. We consider these limits in our ratings.

All of these contribute to an offer's overall value and appeal. That’s why we ask our experts to turn every sportsbook promo inside out before recommending it to ensure our readers get the maximum value from their bets.

Why Trust Us?

WSN has always had a pulse on the sports betting industry, and naturally, we always have the latest and best sportsbook promo codes and bonuses. Here’s how we achieve that:

• The WSN team comprises 40+ experts, all dedicated to providing you with the best US sportsbook promos and bonuses.

• We reviewed over 50 sportsbooks to create this list of the best sportsbook promos. 

• Our team spends at least 12 hours a week testing each sportsbook operator and their promo offers and features.

• Each team member puts themselves in the shoes of regular players, and all testing is done from a first-hand perspective.

• We have over 40 betting guide articles and videos dedicated to helping new players learn the ropes of online sports betting before they take advantage of the best sportsbook promo offers.

• We have a dedicated responsible gambling center with 10 articles and videos that explain how to avoid and identify early warning signs of problems.

• We're always eager to hear your feedback, so feel free to send us a message at any time.

References

• National Conference of State Legislatures

• American Gaming Association

• Department of Small and Local Business Development

• Federal Trade Commission

• Michigan Journal of Economics

• Statista

• GovINFO