Best Thanksgiving Sports Betting Promos & Bonuses in 2025

Thanksgiving Day delivers one of the biggest betting slates of the year, with three high-stakes NFL Thanksgiving games drawing millions of wagers. To capitalize on this betting frenzy, the best sports betting sites roll out their most attractive promos, offering massive bonuses for new users and creative, high-value boosts and contests for existing customers.

Here is a look at the best Thanksgiving sports betting promos from the industry leaders - FanDuel, BetMGM, Caesars, bet365, and Fanatics Sportsbook.

Top 5 Sportsbooks for Thanksgiving Promos

The best sportsbooks for Thanksgiving combine large welcome bonuses for new players with dynamic, high-value promotions designed specifically for the holiday tripleheader.

Thanksgiving Bonuses for Existing Users

While the welcome bonuses listed above are reserved for new players signing up, these are the types of valuable special offers available to all users during the Thanksgiving Day games:

#1 FanDuel Sportsbook: Choose Your Reward & Group Boosts

FanDuel often excels in creating interactive and social-focused promotions. Look for:

• "Pass the Leg" Group Parlay Boosts: A unique offer where users can build a Same Game Parlay (SGP) or Parlay with friends and apply a massive 50% Profit Boost token once the parlay is complete.

• "Choose Your Own Reward": An offer allowing users to select their bonus for any Thanksgiving NFL wager - perhaps a Bet Back Token (a refund if the bet loses), a No-Sweat Bet, or a substantial Profit Boost Token.

• "NFL $2M Touchdown Jackpot": Use your Token to place an Anytime TD bet on the Bengals vs Ravens game. If your player scores the first or last touchdown you get a share of $2M in Bonus Bets.

• "NBA Profit Boost": Get a 30% Thanksgiving Profit Boost to use an any NBA game.

• "NHL Same Game Parlay Profit Boost": Get a 25% Thanksgiving Profit Boost Token to use on a 3+ Leg Parlay/ Same Game Parlay/ or SGP+ on any NHL games through Nov. 26.

Read more details on the FanDuel Sportsbook promo code.

#2 BetMGM Sportsbook: Safety Net and Retention Offers

Beyond its large first-bet offer, BetMGM is known for its daily and weekly retention promotions:

• Odds Boosts: Look for several enhanced odds on specific parlays, player props (e.g., "Patrick Mahomes to throw 3+ TDs & Chiefs to win boosted from +150 to +225").

• Second Chance on First TD: A unique offer where if your chosen First Touchdown Scorer does not hit, but instead scores the second touchdown, you receive a full refund in bonus bets.

See how to use BetMGM Sportsbook bonus code WSNSPORTS to claim your Thanksgiving promos.

#3 Caesars Sportsbook: Daily Odds Boosts

Caesars’ ongoing promotions focus on maximizing potential winnings and rewarding loyalty:

• Enhanced Odds Boosts: Caesars typically provides the highest number of daily odds boosts, often featuring multiple enhanced wagers on each NFL Thanksgiving game, available to all users.

• Caesars Rewards: Every wager earns Tier Credits and Reward Credits, which can be redeemed for hotel stays, dining, and show tickets at Caesars properties.

Use Caesars Sportsbook Promo Code WSN20X to claim your Thanksgiving bonus.

#4 bet365 Sportsbook: Early Payouts and Profit Boosts

bet365's global reputation is built on high-value recurring promotions that benefit bettors who get off to a hot start:

• NFL Early Payout Offer: A game-changing promotion where straight bets are paid out in full (and parlay selections are marked as won) if your backed team gains a 17-point lead at any stage of the game, regardless of the final result. This is huge for the high-scoring Thanksgiving slate.

• Super/Profit Boosts: Look for enhanced odds on specific markets or the ability to apply a 50% Profit Boost token to any Same Game Parlay you create for the Thanksgiving matchups.

• $25 Million Feast Week: bet365 Sportsbook will be serving $25 Million in offers - bonus bets, profit boost tokens, and more - dropping into your account each day.

See how to claim your Thanksgiving promos using bet365 Sportsbook promo code WSN365.

#5 Fanatics Sportsbook: FanCash for Merchandise

Fanatics' key differentiator is integrating sports betting with the official sports merchandise world:

• FanCash Rewards: Every single bet placed earns FanCash, a loyalty currency redeemable for official team apparel and gear on Fanatics.com. This is a massive draw during the holiday shopping season.

• No Sweat Promos & Daily Boosts: Fanatics runs regular "No Sweat Bet" promotions, where a losing wager is refunded in FanCash, giving bettors protection on a high-risk SGP for the Thanksgiving games.

Find more details about Fanatics in our Fanatics Sportsbook review.

How to Claim Thanksgiving Promos and What to Know

The mechanics of sports betting bonuses are vital. You must understand how to claim them and what the true value of the "bonus bets" actually is.

How to Claim a Sportsbook Bonus/Promo

Claiming a welcome bonus is typically a simple, three-step process:

1. Registration: Click on "Sign Up" and fill out the registration form (name, address, last four digits of SSN) to verify your identity.

2. Promo Code/Deposit: Enter the required promo code (if necessary) and make the minimum qualifying deposit (usually $5 to $10).

3. Qualifying Wager: Place your first cash wager on an eligible market. The type of promo determines the outcome. Safety Net: The bonus is credited only if your first bet loses (e.g., BetMGM); Bet & Get: The bonus is credited regardless of the outcome, or only if you win (e.g., FanDuel, bet365).

Thanksgiving Bonuses Key Terms and Conditions

• Eligibility: Must be 21+ (or 18+ in select states like KY) and physically located within a legal state. Welcome offers are for new customers only.

• Expiry Dates: Bonus bets are not permanent. They almost always have an expiry date, usually 7 days after being credited to your account.

• Minimum Odds: Some qualifying wagers may require minimum odds (e.g., -500 or longer) to trigger the bonus.

• Withdrawal: The bonus money itself is non-withdrawable.

Are Thanksgiving Bonuses Redeemable as Real Money?

No. Bonus bets, FanCash, and site credits are not cash.

When you use a bonus bet, you are essentially given a free stake to wager.

If you win a bet using a bonus bet: Only the winnings are returned to your account as withdrawable cash. The value of the bonus bet stake is not included in the payout.

Example: You place a $100 bonus bet on a team with +100 odds (to win $100). If it wins, you receive $100 in withdrawable cash. The initial $100 bonus bet is kept by the sportsbook.

If you win a bet using cash: You receive both the stake and the winnings back.

Therefore, the value of a bonus is realized by successfully winning a wager with it, turning the bonus into redeemable cash profit.