Best Sportsbook Promos & Bonuses in December 2023

Online sportsbook operators regularly change their promos and bonuses to keep up with the dynamic nature of the sports betting industry and provide bettors with fresh and enticing opportunities. If you're looking for the best promos to kick off your sports betting journey, you're in the right spot.

This article analyzes the sportsbook promos and bonuses offered by all of the major sportsbook operators in the United States.

How We Rated the Best Sportsbook Promotions

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

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

• 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.

• 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.

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

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

• 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.

A Closer Look at the Sports Betting Bonuses From Each Sportsbook

We'll break down promotions from 14 different sportsbooks in the United States market, providing a brief overview of each along with details about the states where they operate. All of the listed offers 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. FanDuel Sportsbook Promo

FanDuel Sportsbook newcomers can get $150 in bonus bets and an NBA League Pass discount code. To claim it, you won’t need a promo code, but you’ll have to deposit at least $10 and then bet at least $5 on a moneyline that has to win for you to get your $150 bonus bets. Your bonus bets will be allocated to you within 72 hours once your winning bet settles. The bonus you get isn’t limited to moneyline games. It is unrestricted and can be used on any game or event on the FanDuel market.

The NBA League Pass is an added bonus for any true NBA enthusiast. It provides a discount for the FanDuel NBA streaming service, allowing you to follow NBA matches and re-watch your favorite games.

Check out our detailed FanDuel Sportsbook review. 

Sign-up offer: Bet $5 on a Moneyline and get $150 in Bonus Bets

App rating: 4.8 (iOS); 4.7 (Android)

FanDuel Sportsbook Promo is available 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.

2. DraftKings Sportsbook Promo

DraftKings has two ongoing sportsbook promos. The first promo can get you $150 in bonus bets by simply placing your first $5 real money wager on any active bet. Unlike the FanDuels promo, there are no requirements. You’ll get your $150 bonus bets no matter if your bet wins or loses. The bonus is given in six $25 bonus bets that can be used in the next 168 hours.

The second promotion is DraftKings' 20% deposit bonus on your initial deposit, going up to $1,000. It's a one-time deal, exclusively for your first deposit, providing a great opportunity to boost your starting funds.

You aren’t limited to only one of these two offers. You can, and should, claim both of them to maximize your betting experience.

Check out our in-depth DraftKings Sportsbook review. 

Sign-up offer: Bet $5, get $150 Bonus Bets + No Sweat SGP

App rating: 4.8 (iOS); 4.7 (Android)

DraftKings Sportsbook Promo is available 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.

3. Caesars Sportsbook Promo

A $1,000 First Bet Back offer is available to all new customers who create a Caesars Sportsbook account using the promo code WSN1000. If your initial bet, up to $1000, doesn't win, you'll receive the equivalent amount in bonus bets, essentially giving you a second shot to win without dipping back into your pocket. 

Keep in mind that the qualifying bet has to settle within 30 days of account activation. So avoid betting on the future and instead focus on moneyline and parlay bets. You’ll get your bonus bets within 2 business days of bet settlement. 

In-depth Caesars Sportsbook review.

Sign-up offer: $1,000 First Bet Back

App rating: 4.6 (iOS); 4.2 (Android)

Caesars Sportsbook Promo is available in: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.

4. BetMGM Sportsbook Promo

When you join BetMGM Sportsbook as a new user, you can claim a special welcome promo where you can receive up to $1,500 in bonus bets, but only if your first bet doesn't win. 

The way this promotion works is pretty straightforward. If you place a qualifying bet and it loses, BetMGM will compensate you with bonus bets equal to the amount of your initial bet, up to a maximum of $1,500.

For bets over $50 that lose, you’ll get back five bonus bets, each worth 20% of your first bet's value, adding up to a maximum of $1,500. On the other hand, if your first bet is less than $50, you receive a single bonus bet equal to the amount you wagered. This promotion is a way to make your first experience betting with BetMGM less risky and more enjoyable.

Check out our in-depth BetMGM Sportsbook review for more information. 

Sign-up offer: Get $1,500 in Bonus Bets

App rating: 4.8 (iOS); 4.4 (Android)

BetMGM Sportsbook Promo is available in: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, West Virginia, and Wyoming.

5. bet365 Sportsbook Promo

bet365 Sportsbook lets new customers choose their welcome bonus when signing up using our promo WSN365 code. You can choose between $150 in bonus bets or a safety net of up to $1,000.

To get the $150 in bonus bets, you’ll need to deposit $10 and place at least $5 on a bet with odds of -500 or higher. Regardless of whether your bet wins or loses, you’ll get $150 in bonus bets, as long as you don’t cash out your bet early or change it after the initial placement.

Alternatively, the $1,000 safety net functions as a second chance bet. If your initial bet doesn't win, you'll receive the amount you wagered, up to $1,000, back in bonus bets. It’s a way to try betting without worrying too much about losing your first bet. 

Check out our comprehensive review of bet365.

Sign-up offer: $150 in Bonus Bets or $1,000 Safety Net

App rating: 4.8 (iOS); 4.5 (Android)

bet365 Sportsbook Promo is available in: Colorado, Iowa, Kentucky, Louisiana, New Jersey, Ohio, and Virginia.

6. Betway Sportsbook Promo

Betway's Sportsbook promo offers up to $250 back in bonus bets if your first bet loses.This offer is available in all the states where this sportsbook operates, with Ohio being the only outlier with the bet $20 and get $40 in bonus bets offer, no matter if your bet wins or loses. 

To be eligible for the Betway offer, you need to deposit at least $10 into your new account. Your first bet after opting in needs to meet specific conditions. It must have odds of at least -300, be placed and settled within seven days of opening your account, be wagered with real money (not bonus funds), and not be wagered with enhanced odds such as Betway Boosts or Super Boosts. If your qualifying bet loses, you’ll get $250 in bonus bets, which you can use however you want. To receive this offer, use our exclusive link and create your Betway account. 

See our review of Betway for a complete breakdown of the sportsbook.

Sign-up offer: Up to $250 Back in Bonus Bets

App rating: 4.7 (iOS); 4.3 (Android)

Betway Sportsbook Promo is available in: Arizona, Colorado, Indiana, Iowa, Louisiana, New Jersey, Ohio, Pennsylvania, and Virginia.

7. BetRivers Sportsbook Promo

BetRivers first-time users can claim up to a $500 second chance bonus bet if their initial wager loses on the platform. Colorado and New Jersey bettors can access a $250 second chance bet, while those in Arizona, Iowa, New York, Ohio, and West Virginia have a $100 second chance bet. Use our link along with the promo code SPORTS to activate the sign-up promo.

Our BetRivers review has a full rundown of our experience with the site.

Sign-up offer: Up to $500 in 2nd Chance Bonus Bet

App rating: 4.4 (iOS); 2.9 (Android)

BetRivers Sportsbook Promo is available in: Arizona, Colorado, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, Virginia, and West Virginia.

8. SugarHouse Sportsbook Promo

The SugarHouse Sportsbook promo offers a second chance bet, with the maximum bonus amount varying depending on the state in which you are placing your bet. If you are betting in Connecticut, the maximum you can get is $100, while in Pennsylvania it’s $500. This offer is modest when compared to the big boys in the sports betting world, but it’s still quite solid for a sportsbook operating in just two states. 

SugarHouse's sister company, BetRivers, handles sports betting in other US states where gambling is legal.

Be sure to check out our PlaySugarHouse review for a full review of the platform.

Sign-up offer: 2nd Chance Bet up to $500

App rating: 3.9 (iOS); 3.0 (Android)

SugarHouse Sportsbook Promo is available in: Connecticut and Pennsylvania.

9. SI Sportsbook Promo

SI Sportsbook offers a solid promotion with a 100% deposit match up to $100 + 25 free spins for their casino. If you are in one of the three states (Colorado, Michigan, and Virginia) where they operate, take advantage of this generous offer to maximize your initial deposit. 

All you need to do is register by using our promo link and make your initial deposit – note that only the first deposit qualifies for this promotion. You'll receive a 100% match on that deposit, up to $100 in bonus bets. So, if you deposit $75, you’ll get $75 in bonus bets. 

Check out our full SI Sportsbook review. 

Sign-up offer: 100% deposit match up to $100

App rating: 4.0 (iOS); 4.4 (Android)

SI Sportsbook Promo is available in: Colorado, Michigan, and Virginia.

10. Borgata Sportsbook Promo

Borgata Sportsbook welcomes new customers with a tempting offer: place your first $20 bet on any sports event and receive $100 in bonus bets. This promotion is quite generous, particularly for a sportsbook exclusive to New Jersey, and it competes closely with offers from big players like DraftKings and FanDuel.

To claim it, you first need to create an account using our exclusive promo link. Once you're signed up, just place your initial bet with odds of -200 or better (such as -100, +100, etc.). The great part of this deal is that you receive the bonus bets regardless of whether your first bet wins or loses, making it an excellent start to your experience at Borgata Sportsbook.

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

Sign-up offer: Bet $20, Get $100 Bonus Bet

App rating: 4.7 (iOS); 3.9 (Android)

Borgata Sportsbook Promo is available in: New Jersey 

11. Desert Diamond Sportsbook

Desert Diamond welcomes visitors from Grand Canyon State with a 100% first deposit match bonus, providing up to $250 in bonus bets. This means if you put in $250, Desert Diamond will match it, so you'll have a total of $500 to bet with.

The bonus is split into 5 equal parts, and you can use each part on games where the odds are -200 or higher. It's a great way to start your betting journey and make the most of your initial deposit.

Check out our full Desert Diamond review for more details. 

Sign-up offer: 100% Deposit Match up to $250

App rating: 2.7 (iOS); 3.1 (Android)

Borgata Sportsbook Promo is available in: Arizona

Complete Sportsbook Bonus Overview

An up to date overview of USA Sportsbooks, their bonuses, promotions, and the states where they operate.

Best Sportsbook Promos & Bonuses by State

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

Best Sportsbook Promos By Sport

It can be hard to find the best sportsbook bonuses when there are so many to choose from. If you are a sports enthusiast looking for sport-specific bonuses, we got you covered.

NFL

With regard to NFL promos, DraftKings and SI Sportsbook are the two sportsbooks that stand out. 

DraftKings has excellent NFL Sunday Parlay Insurance tailored for those who enjoy higher-risk, higher-reward 4+ leg NFL parlays. This promotion acts as a safety net, ensuring that if you win all legs except one, you'll receive your initial stakes back in the form of bonus bets. They also have one of the best apps for betting on sports, which makes the whole experience smooth and fun for users.

In a similar vein, SI Sportsbook has NFL bonus offers available all week long.

On Mondays, if you bet on a first, last or anytime touchdown with +100 odds and it doesn't happen, you can get up to $20 back in bonus bets. On Thursdays, if you make a 20+ single game parlay with +300 odds and lose, you’ll get a $20 bonus bet. If you lose a two-leg or single-game parlay with odds of +400 on the weekends, you can get $100 in bonus bets. This way, if you have one bad week, you aren’t out of the game but can recover using your bonus bets next week. 

 If that isn’t enough, SI Sportsbook has a "Perfect 10" challenge where you can win $10,000 if you correctly guess the outcomes of 10 games in a single NFL week. 

The biggest drawback to SI Sportsbook is that it’s only available in three states: Colorado, Virginia, and Michigan. Unlike DraftKings, whose promotional offer is available in 23 states.  

For more NFL betting offers, take a look at our article, where we've checked out the best NFL betting sites to gather all the NFL promotions. Don’t forget to read our NFL picks against the spread to boost your winnings during the football season.

NBA

FanDuel and BetRivers are two sportsbook operators that offer notable NBA promos.

FanDuel has a great promo offer for all NBA fans. If you bet $5 on any team to win a game (moneyline), and your team comes through, you'll receive $150 in bonus bets. This offer makes a small bet potentially very rewarding. More importantly, FanDuel includes a discount on the NBA League Pass for three months. The League Pass is a streaming service that lets you watch NBA games live or on-demand, making it a fantastic bonus for any basketball enthusiast. This is the perfect promo for people who enjoy live betting on NBA games.

BetRivers main promo is the second chance bets, where you can get back between $100 and $500 in free bets, depending on the state you’re in, if your first bet doesn't win. This offer essentially gives you a free retry, reducing the sting of an initial loss.

When it comes to NBA specific promos, BetRivers comes through with excellent offers, beginning with NBA parlay insurance. If you create a bet that involves four or more NBA games and one part doesn't go your way, BetRivers ensures you receive a portion of your bet back, effectively mitigating potential losses and allowing you to try again. 

BetRivers will boost your parlay winnings with their NBA Prop Central Promo, providing a 25% profit boost on all parlays with odds of +100 or higher, as long as your bet is at least $25.

Lastly, you have the NBA In-Season Tournament Bet and Get promo, which gives a 25% profit boost when you bet on a player to score the first field goal in a game. 

For more NBA offers, take a look at our NBA betting promos guide. We also have a list of our top recommended NBA betting sites.

NHL

bet365 offers the best NHL sportsbook promos. It provides up to a 70% boost on parlay bets made within a single NHL game. This means if you combine different bets, like team to win, player to score, and total goals, all in one game, and your parlay wins, your payout will be significantly higher.

The sportsbook also offers an NHL early payout promo. If you bet on a team's moneyline and it leads by 3 goals at any point, bet365 pays you out as a winner immediately. This is a big advantage because you win your bet even if the other team makes a comeback and wins the game later.

Although bet365 is the best place to find NHL promotions, there are other options as well. Feel free to check out other NHL betting promos. 

Golf

One of the greatest places to bet on golf, Desert Diamond, offers a promotion called Putt for Profit that, when you select the winner of one of the qualifying tours, gives you an 18% profit boost every Wednesday. Basically, you can pick anyone in the tournament to win, place a bet of up to $200 and apply your profit boost. If they win, you’ll receive an additional 18% of your winnings.

Let’s not forget about their excellent promo for new players. They give out a 100% first deposit match of up to $250. Essentially, doubling your modest initial deposit gives you a lot more betting power when starting out and testing things. 

The only major problem with this offer is that it’s only available in Arizona, since that is the only state where betting on Desert Diamond is legal. 

Other major sportsbooks are not currently overly focused on golf, but things can always change, so keep an eye out for the best online betting sites for golf. We will update our article as soon as things change. 

MLB

When it comes to MLB, the only sportsbook that really stands out with their offer is bet365, with their up to 70% parlay boost. The exact amount of boost you get depends on the number of parlay selections. If it’s a two leg parlay, you get 5%, and for each new leg, you get an additional 5%, maxing out at 70% with 14 or more leg parlays. There are no minimum odds like you usually have with many similar offers like this but your winnings are capped at $150,000.

You can find more MLB betting bonuses right here. We have also reviewed the best MLB betting sites for baseball fans.

Best Sportsbook Bonuses for New Customers

A quick overview of the best sportsbook bonus offers for new players. 

Make sure to check for offers regularly, as sportsbook operators frequently update them. Keep an eye out for special promotions during events like Black Friday, Christmas, Thanksgiving, and major sports occasions such as the Super Bowl and the NBA Finals in the United States.

Why Trust Us?

Trust us because we have decades of combined experience. If you are looking for the best betting tips and practices, our experts have you covered. We are committed to providing the most valuable, balanced, and transparent gambling information available online.

We have strict editorial principles that all writers on WSN adhere to. Our unique BetEDGE Rating system ensures that all of our sportsbook reviews are unbiased and consistent throughout the site.

We test every sportsbook thoroughly before featuring it on the site, enabling us to share our firsthand experience with it. 

What Are Online Sportsbook Promotions and How Do They Work?

Online sportsbook promotions are a way for sportsbook operators to draw in and retain bettors on their platforms. They work by offering incentives to players, such as bonus bets, free bets, cash returns, or improved odds, based on specific conditions that vary from bonus to bonus. 

To access these promotional benefits, customers are typically required to 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

There are 17 types of sportsbook promotions, each designed to entice and engage bettors with different incentives and opportunities. If you're curious about them, here's the full list:

1. Welcome bonuses attract new customers by offering special promotions exclusively available upon registering.

2. Deposit bonuses add bonus funds to the bettor's account based on the deposited amount, often expressed as a percentage.

3. Bonus bets provide credits to bettors as a reward or promotional tool, usable for placing wagers.

4. Risk-free bets (2nd chance bets) reimburse bettors in bonus bets (up to a certain amount) if their first bet loses.

5. Boosted odds offer temporary improved odds on specific events, giving bettors the opportunity to win more than at regular odds.

6. Accumulator bonuses offer additional winnings or boosted odds for correctly predicting the outcome of multiple events in a single bet.

7. Free bets give credits to bettors as a reward or promotional tool, usable for placing wagers.

8. Cash-back offers provide bettors with a percentage of their stake or losses, usually in the form of bonus bets.

9. Refer-a-friend bonuses award existing customers for referring new customers who make a deposit and place bets.

10. Loyalty programs recognize regular betting activity, offering perks like free bets, cash, or other benefits.

11. Event-specific promotions tailor offers around particular sports events or competitions, catering to fans and increasing engagement.

12. No deposit bonuses award credits without any deposit prerequisites, allowing bettors a risk-free exploration of the platform.

13. Parlay insurance offers protection where bettors get a refund if one leg of their multi-event bet loses.

14. Early cash out allows bettors to settle bets before the event concludes, securing part of the potential winnings or minimizing losses.

15. Seasonal promotions offer deals tied to specific times of the year or festive occasions, driving engagement during peak seasons or holidays.

16. Real prize promotions allow bettors to win tickets to sporting events, trips, or other physical rewards instead of just betting credits or cash bonuses.

How To Claim a Sportsbook Promo

If you’re new to sports betting, here are the key steps required to claim a sportsbook promo:

1. Sign up for an account with the sportsbook using one of our links. You'll typically need to provide personal details such as your name, address, email, and other relevant information.

2. Use the promo code during the sign-up or deposit step, or opt-in for the promo from your account. Which one is required depends on the sportsbook in question. We’ve clearly labeled sportsbooks where you need to use the promo code when signing up.

3. Deposit the specified minimum funds or more according to the promo's terms.

4. Fulfill promo requirements by following their conditions. Whether it's placing a qualifying bet or waiting for certain outcomes, make sure you act according to the promo terms.

5. Claim bonus winnings once you've met all requirements. The funds will either be allocated automatically or you’ll have to claim them, depending on the sportsbook and promo in question.

Common Sportsbook Bonus Terms and 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.

Will Sportsbook Bonuses Continue, or Will They Disappear?

Sportsbook bonuses are here to stay. With the sports betting industry growing, competition is on the rise. To stand out, sportsbooks rely on generous bonuses and promotions.

Even though big players like FanDuel and DraftKings dominate the market with their resources, the constant need to attract and keep bettors ensures that sportsbook bonuses won't disappear anytime soon.

What Makes a Good Betting Bonus?

A good betting bonus offers significant value, such as a 100% match on your initial deposit with a high limit. It comes with fair terms and conditions, providing genuine chances to profit, like odds boosts and additional deposit bonuses. Less preferable are "no-sweat" bets, better known as 2nd chance bets, which only benefit you if you lose your initial bet. While they might seem appealing for beginners, to make the most of them, you have to deliberately lose your initial bet.

Most sportsbooks are going in this direction to limit liability. However, there are still many odds boosts and deposit bonuses left. Always look for these when searching for a good betting bonus. 

How to Get a Bigger Sportsbook Bonus

To get a bigger sportsbook bonus, one has to look for sportsbook operators with promotions with low requirements and big payouts. If you are interested in receiving a bigger sportsbook bonus, DraftKings is the way to go. To start off, it offers a remarkable deal: with just a $5 bet, you receive $150 in bonus bets, regardless of your bet's outcome. 

Another type of bonus you should take into consideration is the deposit bonus. The higher the percentage, the better. This offer can also be found on DraftKings. It offers a 20% deposit bonus up to $1,000. SI Sportsbook and Desert Diamond are also offering this fantastic promotion. They offer 100% deposit match up to $100 and $250, respectively. Essentially, you are doubling your initial wagering deposit. 

Gamble Responsibly

We value responsible gambling practices and prioritize the well-being of our users. If you are looking for tips on how to gamble 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 behavior and financial strain.

• Understand the Odds: Familiarize yourself with the odds and probabilities of the games you are playing. 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.