Best Sportsbook Promo Codes & Sports Betting Bonuses May 2024

Elevate your sports betting experience with our meticulously curated selection of the best sportsbook promos from trusted US sports betting sites.

Our comprehensive guide is designed to provide you with a handpicked collection of the top sportsbook welcome bonuses and lucrative sports betting promo codes, along with clear instructions on how and where to maximize these promotions.  To access the very best sportsbook promos available to US bettors, simply use the links and promo codes provided.

Best Sportsbook Promotions May 2024

Find all the best sportsbooks with sign up bonuses below to bet more for less, verified for May 2024:

Rank
Sportsbooks
Bonus
Features
Play
1
UP TO $1,000
In Bonus Bets. Deposit required
First Bet Safety Net up to $1,000, or Bet $5 Get $150 in Bonus Bets
30% Extra on Same Game Parlay Profit
OH only. 21+.Gambling Problem? Call or text 1-800-GAMBLER
Use Bonus Code: BONUSOH
2
up to $1,500
In Bonus Bets
Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win*
*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms
21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER
Use Bonus Code: BETBONUS
3
$1,000 FIRST BET
On Caesars
Up to $1,000 Back as a Bonus Bet if Your Bet Loses
Stream NFL Games In-App for Free
OH only. 21+. Gambling Problem? Call or text 1-800-GAMBLER
Use Promo Code: SBBONUS1000
4
$100 BONUS
2nd Chance Bet Credit
2nd Chance Bet up to $100
ONLY 1x Play Through!
21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER
Use Exclusive Affiliate Code: BONUSPLAY

Must be 21+ and physically-located in a legal state to claim (state residency is not required). Terms and conditions apply. Gambling is for entertainment purposes only. Stay safe and ensure success when you gamble responsibly. Gambling problem? Call or text 1-800-GAMBLER for confidential support. Visit SAMHSA’s National Helpline website for resources that include treatment center locator, anonymous chat, and more.

    Types of Sportsbook Promos

    Bonus Bet Promos

    A bonus bet offers a chance to win without using your own money. Bonus bets are a type of sportsbook promo given up front when you make a deposit or part of a first-bet refund. Bonus bets are typically fixed-value wagers, meaning a $25 bonus bet would mean placing the full amount on a wager of the bettor’s choice. However, some sportsbooks allow bettors to split their bonus bets into multiple wagers of different value.

    To use a bonus bet, select the wager, then choose the bonus bet option rather than using your own money.

    Note that bonus bets pay winnings only, meaning the value of the bonus bet is not included in the payout. For example, if you placed a $25 wager with your own money on +100 odds and win, you’d receive $50 ($25 wager + $25 winnings). But if you placed a $25 bonus bet on +100 odds and win, you’d receive $25 in real money which you can cash out or continue playing with.

    Second-Chance Bet Promos

    A second-chance sports betting bonus, also known as first bet insurance, gives bettors the opportunity to wager a second time if their first bet loses. For example, if you sign up at a sportsbook and place your first bet of $100 and it loses, you’ll receive $100 back in bonus bets.

    Depending on the sportsbook’s terms and conditions, the refunded wager could be a single bonus bet of equal value, multiple fixed-value bonus bets, or betting credits you can use in any combination.

    Keep in mind that bet insurance is not a “risk-free wager,” because you still have to wager the refunded bet to cash out.

    Odds Boosts Promos

    Odds boosts are among the most common ongoing sports betting promotions you’ll find. These may be automatically applied, or you may have to opt-in to them.

    Essentially, an odds boost does exactly what it says. It boosts the odds on a certain bet, increasing your potential return. Let’s say a bet was originally +100 odds, and an odds boost brought it to +140 odds. That means that if you wagered $100 and won the bet, you would have originally won $100 for a total payout of $200. With the odds boost, you would win $140 for a total payout of $240.

    Deposit-Match Bonuses

    A deposit-match bonus gives bettors bonus money based on the size of their first deposit, which means most deposit-match bonuses are reserved for new signups.

    For example, a 100% deposit-match bonus means the sportsbook will give you bonus money equal to your first deposit. If you deposit $100, you’d have $100 in your money and $100 in bonus money. If the deposit-match is 20% and you deposit $1,000, you’d have $1,000 in your own money and $200 in bonus money.

    Keep in mind that deposit-match promos have a maximum value, usually between $250 and $1,000, and the percentage of the match can vary. The terms and conditions of the sportsbook bonus will also specify whether you receive the bonus money up front after your deposit, or if you earn bonus money as you place wagers. Either way, the deposit-match bonus only applies to your first wager, so keep that in mind when claiming.

    How To Claim a Sportsbook Sign Up Bonus

    1. Browse Bonus.com to find a sportsbook sign up bonus that fits your budget and play style.
    2. Once you’ve found one you like, read the promotion’s terms and conditions. If everything is satisfactory, click the relevant “Visit” link to have your bonus automatically applied during registration.
    3. Provide identifying information such as name, address, date of birth, and the last 4 digits of your social security number. This legally-required information is stored securely and transferred using the same strong encryption standards that banks use.
    4. Before completing registration, make sure to claim your sportsbook promotion. The sportsbook promo code should automatically fill in for you. But if it hasn’t, head back here to copy the promo code, then paste it into the designated field.
    5. Once you’ve registered and been verified, it’s time to complete the tasks required to claim your chosen sportsbook sign up bonus, such as make a deposit or place a first bet. Refer back to the information that you read earlier in the process for details.

    All of the above steps can be completed in less than five minutes, and deposits are generally instantly available in your account no matter which sportsbook you choose.

    Understanding Sportsbook Bonus Terms & Conditions

    By this point, you’ve most likely noticed that we’ve been repeatedly harping on reading the terms and conditions before jumping into any sportsbook promo. You may be asking yourself what you should be looking for within those terms and conditions, but ask no more. Here are the most important sportsbook bonus terms & conditions:

    1

    Wagering Requirements

    Wagering requirements, also sometimes referred to as playthrough requirements, dictate how many times you must play through bonus funds or a bonus bet before it’s converted to withdrawable cash. For example, a $100 bonus with 1x playthrough would be converted to cash after $100 is wagered. That same $100 bonus with a 5x playthrough would be converted to cash after $500 is wagered. Generally, the lower the wagering requirements, the better.

    2

    Minimum Odds

    Next up for consideration is minimum odds. Certainly, it would be easy to clear a bonus into withdrawable cash if you were allowed to place it on -500 odds. That’s why most bonuses come with minimum odds, meaning you must use that bonus on odds of at least a certain number. This also applies to earning bonuses. For example, say that you can place a specific bet in order to earn a bonus bet. You’ll most likely find that there are minimum odds for the bet you place to qualify.

    3

    Minimum Bet Size

    For the most part, this section of the terms and conditions is self-explanatory. The terms may dictate a minimum bet size in order to qualify, so make sure to keep an eye out and ensure that this minimum bet size fits within your budget and allows you to play comfortably.

    4

    Maximum Win

    Sometimes, the wins from a bonus may be capped at a certain amount. This is worth discovering in the terms and conditions because it may make a bonus not particularly worth it for you.

    5

    Combining With Other Promos

    Terms and conditions will often specify whether or not a bonus can be combined with other promotions. Keep an eye out for this, as it may dictate whether or not you’d still like to claim a particular promotion or bonus.

    6

    Time Limit

    Time limit, as mentioned earlier, is an important piece of the puzzle for sportsbook promos. Almost all bonuses will expire after a certain amount of time, and that time could be anywhere from one day to 30 days or more. Make sure that the bonus you’re looking to claim fits your timeline and doesn’t push you to wager uncomfortably just to clear it.

    Top Sportsbook Sign Up Bonuses

    Best for Earning Caesars Rewards Points

    $1,000 First Bet on Caesars

    Available via: iOS app, Android app, Web browser

    Available in: AZ, CO, IN, IL, IA, KS, KY, LA, ME, MD, MA, MI, NJ, NY, NC, OH, PA, TN, VA & WV

    1. Caesars Sportsbook
    See Caesars Sportsbook Review

    4.8 Stars

    • Maximum Bonus Amount: $1,000 First Bet on Caesars
    • Promo Code: SBBONUS1000
    • Payout Speed: 72 Hours
    • App Store Rating: 4.8 Stars
    • Our Rating: 4.8 Stars
    • Minimum Qualifying Deposit: $10

    By utilizing the Caesars Sportsbook promo code: SBBONUS1000, you’ll set yourself up with a nice safety net of a $1,000 First Bet on Caesars. We’ve ranked this bonus high because of its generous total.

    Best for Earning Caesars Rewards Points

    Best for a Low Wagering Requirement

    Up to $1,500 in Bonus Bets Paid Back if Your First Bet Does Not Win (excludes NV, NY, NC, PR)

    Available via: iOS app, Android app, Web browser

    Available in: AZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MS, NJ, NC, OH, NV, NY, PA, TN, VA, WV & WY - Note: Offer not available in NV or NY

    2. BetMGM Sportsbook
    See BetMGM Sportsbook Review

    4.8 Stars

    • Maximum Bonus Amount: Up to $1,500 in Bonus Bets Paid Back if Your First Bet Does Not Win (excludes NV, NY, NC, PR)
    • Promo Code: PLAYSPORTS
    • Payout Speed: 3 to 5 days
    • App Store Rating: 4.8 Stars
    • Our Rating: 4.8 Stars
    • Minimum Qualifying Deposit: $10

    The BetMGM Sportsbook bonus code: PLAYSPORTS takes second place on our list with a low wagering offer that gives players an opportunity to get up to $1,500 in Bonus Bets Paid Back if Your First Bet Does Not Win (excludes NV, NY, NC, PR).

    BetMGM ranks high due to its generous offer, allowing new players to dive in while still maintaining a higher level of comfort. We’ve also placed it high because of the bonus amount itself, offering up to $1,500 in bonus bets* to be spent any way players would like.

    * Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.

    Best for a Low Wagering Requirement

    BetMGM online sportsbook mobile app

    Best for Daily Promotions for Existing Members

    2nd chance bet up to $500 back in bonuses

    Available via: iOS app, Android app, Web browser

    Available in: AZ, CO, IL, IN, IA, LA, MD, MI, OH, NJ, NY, PA, VA & WV

    3. BetRivers Sportsbook
    See BetRivers Sportsbook Review

    4.5 Stars

    • Maximum Bonus Amount: $500 in bonus money (depending on state)
    • Promo Code: BONUSPLAY
    • Payout Speed: Instant to 24 hours
    • App Store Rating: 4.4 Stars
    • Our Rating: 4.5 Stars
    • Minimum Qualifying Deposit: $10

    The BetRivers Sportsbook bonus is nice for more casual bettors as it provides a second chance bet up to $500 ($250 in CO & NJ, $100 in AZ, IA, NY, OH, and WV). While it’s not the largest bonus available, you’ll find that it’s one of the easiest to convert as it only has a 1x playthrough. Plus, because it’s a rebate offer, you may not have to worry about it at all if your first bet hits.

    As mentioned, the BetRivers bonus isn’t the largest available, but it’s nice for players that aren’t looking to spend as much money on their first experience. We’ve ranked it high due to its player-friendly 1x playthrough, as well as the legitimacy and overall quality of the BetRivers brand itself.

    Best for Daily Promotions for Existing Members

    BetRivers Sportsbook Home Screen

    Best for a Bonus in Betting Credits, Not Fixed-Value Bets

    Bet $5, Get $150 in Bonus Bets if Your Bet Wins

    Available via: iOS app, Android app, Web browser

    Available in: AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, NY, NC, OH, PA, TN, VT, VA, WV & WY

    4. FanDuel Sportsbook
    See FanDuel Sportsbook Review

    4.8 Stars

    • Maximum Bonus Amount: $150
    • Promo Code: None Needed, Use Link
    • Payout Speed: Usually 1 hour
    • App Store Rating: 4.8 Stars
    • Our Rating: 4.8 Stars
    • Minimum Qualifying Deposit: $10

    FanDuel is one of the biggest names in the sports betting industry, and they offer an excellent sportsbook bonus to match. New players can claim the FanDuel Sportsbook promo code of a Bet $5, Get $150 in Bonus Bets if Your Bet Wins offer.

    A large bonus amount, low playthrough requirement, and the legitimacy of the FanDuel name all come together to put this solid welcome bonus on our toplist. FanDuel almost always offers further promotions and bonuses to bring this offer to the next level, so it’s absolutely worth checking out.

    Best for a Bonus in Betting Credits, Not Fixed-Value Bets

    FanDuel Sportsbook app screenshot

    Best for an Industry-Leading Selection of Sports

    First Bet Safety Net up to $1,000 or Bet $5 Get $150 in Bonus Bets

    Available via: iOS app, Android app, Web browser

    Available in: AZ, CO, IN, IA, KY, LA, NJ, NC, OH & VA

    5. Bet365 Sportsbook
    See Bet365 Sportsbook Review

    4.8 Stars

    • Maximum Bonus Amount: Up to $1,000 or Bet $5, Get $150 in Bonus Bets
    • Promo Code: BONUSLA
    • Payout Speed: Usually 1 hour
    • App Store Rating: 4.8 Stars
    • Our Rating: 4.8 Stars
    • Minimum Qualifying Deposit: $5

    Bet365 is one of the largest sportsbook brands in the world, coming into play over 20 years ago in 2000 in the United Kingdom. New players can claim the Bet365 Sportsbook bonus code of a Bet $5, Get $150 in Bonus Bets offer.

    This bonus amount makes our toplist due to its large payoff for a minimal $5 initial bet. In addition, the Bet365 name is an excellent one, with a stellar worldwide reputation, so it’s exciting to have such a renowned operator in play in the United States.

    Best for an Industry-Leading Selection of Sports

    Bet365 iPhone Screenshot

    Sportsbook Loyalty Rewards Programs

    Not all online sportsbooks offer loyalty rewards programs. But those that do invite members to earn points for every real-money wager.

    Sports Betting PromoDetailsClaim Link
    Caesars RewardsCaesars Rewards is the most popular loyalty rewards program in US gambling.Earn at Caesars
    BetMGM RewardsEarn BetMGM Rewards Points and MGM Tier Credits by betting online, and redeem for bonus bets and stays at MGM Resorts properties.Earn at BetMGM
    iRush RewardsThe more BetRivers Sportsbook rewards points you earn, the higher up you climb the tiers and the more benefits you receive. Cash in points in the Bonus Store for a ton of offers.Earn at BetRivers

    Every rewards program has different terms and conditions on how to earn rewards points and tier credits. Usually, you earn more points for placing parlays versus straight bets, and you’ll often see rewards points boosters in the promotions section of sportsbooks.

    Keep in mind that rewards points and tier credits are not earned with bonus money. It must be real-money wagers to earn points at online sportsbooks.

    Sportsbook Promotions Pros & Cons

    Pros

    ✅ Play more for less
    ✅ Get a headstart on your sports betting
    ✅ Enjoy various boosts even after registration
    ✅ Increase comfort by playing with house money
    ✅ Try out wagers you may not have placed otherwise

    Cons

    ❌ Wagering requirements can make it difficult to convert a bonus to cash
    ❌ Misleading language – promotions are rarely truly risk-free
    ❌ Potential limits on when and where bonuses can be utilized
    ❌ Can lead to depositing more than you had planned just to claim a bonus
    ❌ Bonus requirements may lead you into unfamiliar territory (betting on sports you don’t know much about, for example)

    Sportsbook Promo Expert Tips

    1. Only Bet What You’re Ready to Lose

    No matter how sportsbook promos are framed or what they say, promotions are never risk-free. Even with second-chance bets, which are often misconstrued to create a risk-free opportunity, your bonus bets are getting paid back in bonus funds that require clearing before they become withdrawable. There is always an inherent risk in gambling your own money, so never bet above your means or more than you’re willing to lose.

    2. Follow All Terms & Conditions

    Don’t blow your bonus opportunity by missing a section of the terms and conditions. Make sure to follow the stipulations so that you don’t find yourself ineligible after spending money in order to attempt to claim a sportsbook promo. This includes reading up on time restrictions, minimum odds, and eligible wagers, amongst other things.

    3. Consider Claiming Multiple Sportsbook Bonuses

    In reality, as long as you’re comfortable you can claim as many sportsbook bonuses as you’d like. Hopping around and taking advantage of various sportsbook promo codes for new players and other sportsbook promos for existing users could serve to maximize value on your wagers. Always look for the best current promotions and the best odds to ensure you’re betting in the right place at the right time.

    4. Promotions Can Be Seasonal

    Some promotions are only available during certain seasons or certain major events such as the Super Bowl. This is the nature of sports and sports betting, so make sure if you want to take advantage of any of these bonuses that you’re jumping in when you can and watching for time limits, expiration dates, and anything else that could affect your eligibility. After all, nobody wants to spot generous Super Bowl promotions just to hop on the next day to regular, less generous promotions.

    5. Refer-a-Friend to Bonus.com

    Almost every sportsbook will offer a refer-a-friend program. That’s nice to have, but hear us out — refer your friends to Bonus.com instead. Our exclusive sportsbook promo codes almost always offer your friend a bigger welcome bonus, and they may still be able to enter your name as a referral upon registration. After all, you do want your friend to get the best bang for their buck, right?

    Sportsbook Promo FAQ

    The biggest sports betting bonus is up to $1,000 on Caesars Sportsbook. This is the largest sports betting welcome bonus currently available and can be claimed with promo code SBBONUS1000.

    Yes. If you are looking at sportsbook promos from a legal, regulated sportsbook, they are legit and can be trusted. We list all the safe and legal sports betting promotions above.

    Fliff Social Sportsbook. Fliff allows you to play for free and earn rewards, and they offer various sportsbook bonuses for your use.

    No, you do not need to be a resident of the state to bet online in that state. In order to claim a sportsbook bonus, you only need to be located within state lines and 21 years of age or older.

    1x to 5x. Bonus money at online sportsbooks usually only have 1x wagering requirements, meaning the bettor only needs to bet the amount one time to withdraw winnings. However, wagering requirements can go up to 5x, particularly for deposit-match bonuses.

    Yes. You can claim a sports betting bonus from as many sportsbooks as you’d like. There is no state law restricting the number of sportsbook promotions a bettor can claim.

    No, not all sportsbook promos are worth claiming. Always make sure to read the terms and conditions and consider if each bonus will take you out of your comfort zone or be worth the effort. Never wager more than you’re willing to lose, and never place a wager that makes you uncomfortable.

    Yes. Online sportsbooks each operate with their own rules regarding maximum bets size, but they all do have a bet and win limit. The terms and conditions at DraftKings Sportsbook, for example, state that the platform can restrict bets where the potential payout exceeds $500,000.

    Other platforms, like FanDuel Sportsbook, use different maximum payouts for different sports. Bettors can find more information on betting limits and maximum payouts in the terms and conditions of an online sportsbook.

    Yes, at legal, state-regulated online sports betting sites, and only if the bettor is adhering to Responsible Gambling best practices. Legal online sportsbooks operate under the oversight of government regulatory bodies in the US.

    Betting at a legal mobile sportsbook carries the same level of security as betting at a legal retail casino.

    Offshore/illegal online gambling sites, however, do not guarantee the same level of security.

    About the Author

    Mike Epifani

    Mike Epifani

    Casino Content Manager
    Mike Epifani is a gambling expert and professional writer with more than a decade of industry experience. His current role is Brand Content Manager at Bonus.com, part of the Catena Media network. Mike has written hundreds of guides on online casinos, casino gaming, sports betting, sweepstakes sites, and lottery play.
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