Home » Best Sportsbook Promos & Sports Betting Bonus Codes for May 2024

Best Sportsbook Promos & Sports Betting Bonus Codes for May 2024

These sportsbook promos are a great way to start your sports betting experience. The best sports betting promos are introductory deals for new customers that allows them to claim lucrative sign-up bonuses when they register for an account. This review breaks down the leading sportsbook promo codes from licensed and regulated operators. Read on for the details.

Best Sportsbook Promos & Bonus Codes Available

📱Sportsbook 💰 Welcome Offer Promo Code
📱 BetMGM 💰 First-Bet Offer Up to $1,500 SBWIRE
📱 Caesars Sportsbook 💰 First-Bet Offer Up to $1,000 SBWIRE1000
📱 Fanatics Sportsbook 💰 Bet & Get Up to $1,000 in Bonus Bets Click Here
📱 bet365 💰 First Bet Safety Net Up to $1,000 or Bet $5, Get $150 SBKWIRE
📱 DraftKings 💰 Bet $5, Get $150 Instantly Click Here
📱 FanDuel 💰 Bet $5, Get $150 If Your First Bet Wins ($300 in MA & OH) Click Here
📱 BetRivers 💰 Second-Chance Bet Up to $500 Click Here

Sports Betting Promos & Bonuses Reviewed

Learn about the specific terms and conditions attached to the sportsbook promo codes in our guide and how to make them work best for you on these sports betting apps. These sports betting promos feature a variety of welcome offers for new players, such as protected first bets and bonus bets, then have ongoing promotions that feature odds boosts, parlay bonuses, profit boost tokens and more.

Read on for more about the best sportsbook promos available right now from the elite operators.

BetMGM Bonus Code

When you start an account using the BetMGM bonus code SBWIRE, you’re guaranteed the first-bet offer up to $1,500. With one of the leading sportsbook promos, you will get a refund in the form of bonus bets if your opening wager settles as a loss. The minimum wager is $10 for the offer.

If your first losing bet was for $50 for more, you’ll get five bonus bets — each valued at 20% of your first bet. If your original wager was for less than $50, you’ll get one bonus bet that matches your first bet. The bonus bets expire after seven days.

BetMGM, like all the sportsbook promos in this review, has a 1X playthrough requirement. This means any bonus bet awarded to you as sports betting bonuses such as this one needs to win just once for you to collect the profit in cash.

BetMGM Bonus Code Details

🎁 Sportsbook Bonus Code SBWIRE
🤑 Sign-Up Bonus Up to $1,500 Back in Bonus Bets
⚖️ Legal States AZ, CO, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, NV, NJ, NY, NC, OH, PA, TN, VA, WV, WY (also DC)
🏆 Best Feature BetMGM does a great job with allowing customers to build their own parlay. And if you’re a baseball fan, check out their MLB Grand Slam Jackpot.
📲 App Ratings 4.8 (iOS), 4.5 (Android)

Caesars Sportsbook Promo Code

When you create an account with the Caesars Sportsbook promo code SBWIRE1000, you get the first-bet offer up to $1,000.

If your opening wager settles as a loss, sports betting promo codes such as this one will refund you with a bonus bet. If your first bet doesn’t win, then Caesars Sportsbook sends the full amount back to your account in the form of one bet credit. The bonus bet expires after 14 days.

Caesars Sportsbook Promo Code Details

🎁 Sportsbook Bonus Code SBWIRE1000
🤑 Sign-Up Bonus $1,000 First-Bet Offer on Caesars
⚖️ Legal States AZ, CO, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NV, NJ, NY, NC, OH, PA, TN, VA, WV, WY
🏆 Best Feature Make sure to click the “Boosts” button whenever you visit the Caesars Sportsbook app. You’ll always find some incredible odds boosts.
📲 App Ratings 4.7 (iOS), 4.7 (Android)

Fanatics Sportsbook Promo

Among sports betting promos, this one is unique. When you launch a new account with the Fanatics Sportsbook promo, you can earn up to $1,000 in bonus bets during your first 10 days as a customer as part of the “Bet $100, Get $100” offer.

On the day you play your first wager, bet at least $5. Whatever amount you bet, that’s how much Fanatics Sportsbook will send you as a bonus bet, up to $100, win or lose. You must then opt in with a wager each of the next nine days, and that one will also earn you a matching bonus bet, up to $100 daily. Each bonus bet expires seven days after it is placed in your account.

In Connecticut, Massachusetts, New York, Pennsylvania and Vermont, the welcome offer is $50 in bonus bets, no deposit required.

Fanatics Sportsbook Promo Details

🎁 Sportsbook Bonus Code Click Here
🤑 Sign-Up Bonus Bet & Get up to $1,000 in Bonus Bets or $50 No Deposit Bonus (CT, MA, NY, PA, VT)
⚖️ Legal States AZ, CO, CT, IL, IN, IA, KS, KY, MD, MA, MI, NJ, NY, NC, OH, PA, TN, VT, VA, WV
🏆 Best Feature FanCash Rewards Program. Regardless of whether you’re winning or losing wagers, you’re always building up bonuses that can be used to buy official Fanatics jerseys or other merchandise.
📲 App Ratings 4.7 (iOS), 4.5 (Android)

bet365 Sportsbook Bonus Code

Lots of new players love to choose between sports betting promos. When you create an account with the bet365 bonus code SBKWIRE, you get to choose either a First Bet Safety Net Up to $1,000 or getting $150 in bonus bets with a first bet of $5 or more. Bets must be on markets with minimum odds of -500 or longer.

Few sportsbook promo codes give you a choice between welcome deals. If you take the bonus bets, you snag $150 in bonus bets as soon as you make a first bet of $5 or more. If you decide on the First Bet Safety Net, you can get up to $1,000 back on your first bet if it settles as a loss. Whichever offer you pick from between these two sportsbook promos, the bonus bets can be broken up into amounts of your choosing.

bet365 Bonus Code Details

🎁 Sportsbook Bonus Code SBKWIRE
🤑 Sign-Up Bonus $1,000 First-Bet Safety Net or Bet $5, Get $150 Guaranteed
⚖️ Legal States AZ, CO, IN, IA, KY, LA, NJ, NC, OH, VA
🏆 Best Feature Check out bet365’s early payout offer on all major sports. For example, if you’ve bet on an MLB team and it builds at least a five-run lead, you can collect a winning bet right away. You don’t have to wait for nine innings to be played.
📲 App Ratings 4.8 (iOS); 4.6 (Android)

DraftKings Promo Code

Some of the leading sportsbook promo codes give new players a bonus regardless of how their opening wager fares. When you use the DraftKings promo code offer, you’re guaranteed $150 in bonus bets the instant you make a first bet of $5 or more.

Plunk down a $5 first bet, and DraftKings immediately puts six $25 bonus bets into your account. You’ll have seven days to play these sports betting bonuses.

DraftKings Promo Code Details

🎁 Sportsbook Bonus Code Click Here
🤑 Sign-Up Bonus Bet $5, Get $150 Guaranteed
⚖️ Legal States AZ, CO, CT, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NH, NJ, NY, NC, OH, OR, PA, TN, VT, VA, WV, WY
🏆 Best Feature DraftKings has a variety of free-to-play daily contests, which it calls pools, increased same-game parlays and the Dynasty Rewards program.
📲 App Ratings 4.9 (iOS); 4.6 (Android)

FanDuel Promo Code

The FanDuel promo code rewards a successful first bet of $5 or more with $150 in bonus bets. If you earn the $150 in bonus bets, they’ll show up in less than 72 hours. FanDuel allows you to divide the $150 into as many bonus bets as you want to play, making it very flexible to use the bonus bets from this sportsbook promo code.

The terms, much like most sports betting promo codes, give you seven days before the bonus bets expire.

FanDuel Promo Code Details

🎁 Sportsbook Bonus Code Click Here
🤑 Sign-Up Bonus Bet $5, Get $150 if your First Bet Wins ($300 in MA, OH); Bet $5, Get $200 Guaranteed (NC only)
⚖️ Legal States AZ, CO, CT, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, NJ, NY, NV, NC, OH, PA, TN, VT, VA, WA, WV, WY
🏆 Best Feature During the MLB season, make sure to check out FanDuel’s Dinger Tuesday to earn even more bonus bets.
📲 App Ratings 4.9 (iOS); 4.6 (Android)

BetRivers Bonus Code

When you sign up for the BetRivers bonus code offer, you can earn a second-chance bet for as much as $500. The amount varies depending on your location. Check first to make sure you understand the value, as you should do with all sportsbook promo codes.

Play your first bet of at least $10. It must be played on odds of -200 or less — meaning a -150 odds bet is fine, but a -250 bet is not. If your first bet falters, then you receive a Second Chance Bet equal to your first bet. Most sportsbook promos give you a seven-day window in which you can use a bonus bet before it expires. With BetRivers, however, you have 30 days to use your bonus bet.

BetRivers Bonus Code Details

🎁 Sportsbook Bonus Code Click Here
🤑 Sign-Up Bonus Up to $500 Back as a Second-Chance Bonus Bet
⚖️ Legal States AZ, CO, DE, IL, IN, IA, LA, MD, MI, NJ, NY, OH, PA, VA, WV
🏆 Best Feature BetRivers loves to offer extra-strong odds boosts on the biggest events.
📲 App Ratings 4.4 (iOS), 3.6 (Android)

How to Claim Sportsbook Promos

It only takes a couple minutes to set up an account using any of the sportsbook promos detailed in this guide. Follow these easy steps and you’ll snag the best welcome offer from each operator in no time so you can maximize the sports betting promos that match your wagering needs.

✔️ Step 1: Pick the Sportsbook Promos That Most Appeal to You

Tap any of the BET NOW buttons throughout this guide to use the sportsbook promo codes of your choice. Our links will take you to the operator’s sign-up page and apply the best sports betting promo codes to your account.

✔️ Step 2: Fill Out the Sportsbook’s Registration Form

Answer a handful of questions to secure your account. All registration using sportsbook promo codes will have you create a username and a password, link your email address to your account and provide the required identification information, such as your name, date of birth, address, last four of your SSN and more.

✔️ Step 3: Make Sure to Use Your Code

When you get to the point where you need to enter the correct sports betting promo codes, make sure to do so — even if it says it’s optional. Using this code is the only way to claim your sports betting bonus.

✔️ Step 4. Fund Your New Account

Make the minimum deposit required to start an account with your preferred sportsbook promos and link a banking option to your account for deposits and withdrawals.

✔️ Step 5: Visit the Sportsbook & Make Your First Bet

You’re welcome to play your first bet on any event you find on your new sportsbook’s app. Make sure your opening wager fulfills any minimum requirements of the sports betting promos you select, so you stay eligible for the welcome offer.

Most Popular Sportsbook Promo Codes & Offers

🤑  Bet & Get Promotions

These are the simplest of the welcome offers and they can deliver the best reward for your money. For example, you might need to place just a $5 first bet in order to receive $150 or $200 in bonus bets. Sometimes the bonus bets are guaranteed. With some offers, though, you might need to win your initial wager before you can collect bonus bets or site credit.

🤑 First-Bet Insurance Offers

Several online sportsbooks offer protection on their first bets. For example, you might receive “a protected first bet up to $1,000.” If your first bet loses with this type of sports betting promo, you will get the full amount of your first bet back to your account in the form of bonus bets or a bet credit (up to the maximum indicated). It gives you an additional chance to win.

🤑 Deposit Match

These types of welcome offers give your extra wagering capital. An online sportsbook might offer a 20% deposit match bonus when you place a certain amount of money in your account. If you make a $500 initial deposit, for example, then you’d be rewarded with an extra $100 just for getting started.

🤑 Odds Boosts

Large odds boosts can give you a bigger win if you bet wisely. When a sportsbook offers increased odds on a specific bet, you have the opportunity to earn more in profits. If a sportsbook shows the previous odds of the bet before it was boosted, this can help show how much of a boost there really is.

Odds boosts are not as common as welcome offers as they once were, but they are still prominent feature at most operators. For example, an NFL team might be priced at -150 to win a game, but the sportsbook will allow you to bet $5 at boosted odds of +2000 on that team.

🤑 No-Deposit Bonuses

When a state opens up for online sports betting, most of the industry’s top operators will do their best to compete for your business. This is a great way to earn rewards just for signing up for an account. For example, you might receive a $200 bonus for creating an account. Some might offer you a sports betting bonus for “pre-registering” before mobile sports betting goes live, then deliver another bonus on Launch Day.

Get The Best Sportsbook Promos Today

The nation’s best betting sites go to great lengths to make their welcome offers enticing for new sports bettors. You’re welcome to sign up for as many of the sportsbook promos featured in this guide, depending on which operators are licensed to do business in your location.

Welcome offers also change — and sometimes operators have better offers tied to major events such as the Super Bowl and March Madness. Big event or not, there will always be a wealth of sportsbook promo codes from top-rated operators for new players to choose. Tap any of our BET NOW links to get started today.

Sportsbook Promos FAQs

What is the best sportsbook promo code?

Based off of our expert evaluation, we have deemed BetMGM as having the best sportsbook promo code. However, Caesars Sportsbook, Fanatics Sportsbook, bet365, DraftKings, FanDuel and ESPN BET all have strong offers. Often, the best sports betting promos depend on what the bettor is looking for.

Can I sign up for multiple sportsbook promos?

While you can only claim one welcome offer with each operator, you will be able to grab plenty of ongoing promotions once you are a customer. You should also sign up for multiple sportsbook promos from different operators, as it allows you to potentially lock in more bonus bets and shop odds to find the best play.

Who can redeem sportsbook promos?

Only new customers can redeem welcome offer sportsbook promos, however all customers are eligible to claim odds boosts and reoccurring promotions, which can include such things as a no sweat single game parlay.

Why do I need a sportsbook bonus?

You will want to claim a sportsbook bonus when signing up because it will provide you with an offer that you otherwise would not get, promotions that can provide first-bet protection or even give bonus bets instantly with a nominal bet. These sports betting promos are free to get and use.

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