Best Sports Betting Bonuses: 2024 Edition

All sports betting bonuses and promotional offers listed on this page are current and available to claim.

We list sports betting offers of all types, but they all have in common that they come from reputable sportsbooks. Furthermore, we verify that all offers on this page are genuinely useful for customers and free of predatory terms and conditions.

Sportsbook Offers and Promo Codes

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Latest Online Sportsbook Bonuses

DraftKings Sportsbook Bonus

• Offer available in these states: CO, IL, IN, IA, MI, NH*, NJ, PA, TN, VA, WV, WY
• Bonus amount: Up to $1,000 in site credit
• Match rate: 20%
• Rollover: 25x rollover to release funds for wagering

DraftKings Sportsbook greets all new customers with a 20% deposit match bonus worth up to $1,000 in site credit. New users can claim this bonus by signing up for an account and making a first deposit of $5 or more.

The welcome bonus is released into customers’ accounts at $1 for every $25 wagered. Bettors may not withdraw bonus funds, but any money won by wagering site credit may be withdrawn at any time. There are no wagering requirements attached to winnings.

*NH customers may claim a 20% welcome bonus worth up to $500.

^{If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) (IL)Gambling Problem? Call 1-800-GAMBLER (NJ/WV/PA), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO), 1-800-BETS OFF (IA), or TN REDLINE: 800-889-9789.21+. NJ/PA/WV/IN/IA/CO/IL/TN only. Deposit bonus requires 25x play-thru. Deposit Bonus issued as site credits. In partnership with Meadows Racetrack & Casino. Eligibility restrictions apply. See DraftKings.com/sportsbook for details.}

FanDuel Sportsbook Bonus

• Offer available in: AZ, CO, CT, IA, IN, IL, KS, LA, MI, NJ, NY, PA, TN, VA, WV, WY
• Bonus amount: Up to $1,000
• Rollover: 1x on refund amount

New FanDuel Sportsbook customers can place their first bet with FanDuel with a no sweat bet offer.

New users who sign up for an account and place their first wager automatically qualify. If their first wager loses, they are refunded with up to $1,000 in site credit.

The bonus only applies to customers whose first bet loses. All customers who place a first bet that wins can collect their winnings as normal.

Money refunded to customers may be used to place additional sports bets but may not be withdrawn. However, any money won with the bonus bet may be withdrawn immediately. This offer comes with no wagering requirements beyond asking customers to wager through it one time.

BetMGM Sportsbook Bonus

• Offer available in: AZ, CO, IN, IA, MI, NJ, PA, TN, VA, DC, WV, WY
• Bonus amount: $1,000
• Match rate: 100%
• Rollover: No rollover
• Bonus code: BUSABONUS

BetMGM Sportsbook offers a first bet bonus offer worth up to $1,000 to all new customers.

New users can claim this offer by signing up for an account and placing their first wager. If it loses, BetMGM will refund them with up to $500 in bonus bets.

Bettors must rollover the BetMGM bonus twice, and customers cannot withdraw the bonus bets. Additionally, the value of the bonus bet is not returned in any winnings. Users may withdraw winnings obtained by wagering their bonus bets at any time.

Caesars Sportsbook Bonus

• Offer available in: AZ, CO, IA, IL, IN, LA, MI, NJ, NY, TN, VA, WV, WY
• Bonus amount: First bet is on Caesars up to $1,250
• Rollover: None
• Promo code: BUSAFULL

Caesars Sportsbook welcomes new customers with a first bet refund guarantee that pays up to $1,250 in bonus bets to anyone whose first wager loses. Additionally, all new customers get fast-tracked into Caesars Rewards with a 1,000 Tier Credits and 1,000 Reward Credits bonus after placing their first bet.

BetRivers Sportsbook Bonus

• Offer available in: CO, IL, IN, IA, MI, PA, VA, WV
• Bonus amount: $250
• Match rate: 100%
• Rollover: 1x
• Bonus code: 250MATCH

BetRivers offers a simple welcome bonus to all new customers: 100% added to the first deposit of every new customer for up to $250 extra.

For example, first deposits of $150 would result in a welcome bonus of $150. All bonus funds come with a reasonable 1x rollover, meaning the customer in the above example would need to place wagers totaling $150 to clear it for withdrawal. Customers have 30 days to clear their bonuses.

PointsBet Sportsbook Bonus

• Offer available in: IN, IA, NJ, IL
• Bonus amount: Up to $1,000
• Match rate: 100%
• Rollover: No rollover
• Promo code: BUSA

PointsBet offers a healthy welcome bonus consisting of two second chance bets worth $500 each:

New PointsBet customers who use the promo code BUSA qualify for one refund offer on their first fixed odds wager if it loses and one on their first losing PointsBetting wager.

Refunds are issued as second chance bets and may not be withdrawn, but they come with no wagering requirements. Customers must use their second chance bet within seven days.

Ranking the Best Sports Betting Bonuses

We’re going to start with the basics, but this is useful information for anyone new to online betting. Understanding how sports betting bonuses work in the first place will make it easier to determine which are truly the best for you.

New customer bonuses are one of the primary means by which online bookmakers compete with one another for your business. The people who run the world’s major sports betting sites know they need to catch your attention quickly in this competitive business, and a big bonus is known to be an effective method to do exactly that. After all, who doesn’t like the thought of doubling their money?

The premise behind most welcome offers is simple. In return for you making a deposit, your bookmaker agrees to give you additional cash that you can use to place more bets and win more money.

Online bookmakers are willing to offer that value upfront in the hope of earning your business right then and there rather than losing you to one of the competitors.

For example, a betting site may offer an extra 100% added to your first deposit. In this case, you could deposit $100 and receive an additional $100 in bonus funds from your bookmaker.

Another common example is your bookmaker giving you a bonus wager of some predetermined value (say $10) after placing your first wager with your own money.

Consider Betting Offer Terms and Conditions

Any random bonus offer will look good upfront, but we consider certain things when ranking the best sports betting bonuses. The match rate, maximum bonus size, and any other terms and conditions all play important roles in determining how individual bonuses stack up to one another.

Of course, bookmakers do not just give away that much money without clearing requirements.

Even the best sports betting bonuses come with certain limitations and requirements. Reputable bookmakers only include certain terms and conditions to protect themselves. Less reputable bookmakers use the terms and conditions page as a way to wiggle out of the big promises they like to make upfront.

Some limitations are to be expected. A sports betting site can’t give away free money and expect to stay in business for any length of time. Below are some of the terms and conditions you’re most likely to encounter when looking for a new bonus.

Sports Betting Bonus Rollover Requirements

The term “rollover” refers to a requirement that you place a minimum amount worth of wagers before any bonus money itself or winnings earned by wagering the bonus money may be withdrawn.

Rollover requirements are a necessary evil, otherwise, it would be all too easy for people to sign up for an account, get the bonus and then leave without placing a single bet

As you can imagine, that would be a recipe for disaster for any betting site.

The rollover is usually expressed as a multiple of your deposit plus the bonus amount. For example, a 3x rollover would mean that you need to place a total sum of wagers equal to three times the deposit and bonus amounts.

If you were to deposit $10 and get $10 extra as a part of a bonus with a 3x rollover, you would be required to place $60 ($20 x 3) worth of wagers before you can withdraw the bonus or anything won with the bonus.

Rollover requirements differ greatly from one betting site to the next, with everything from 3x to 30x being relatively common. One of the best ways to rank sports betting bonuses is to compare the rollover. The lower the rollover, the better.

Match Rate

Any offer in which the amount of bonus money is determined by the size of your first deposit is called a “match deposit bonus.” The more you deposit, the bigger the bonus. For example, a 50% bonus means that you get $0.50 for every $1 deposited. A $100 deposit made in conjunction with a 50% match bonus would result in you getting an extra $50 in funds.

Maximum Win Limits

One of the other terms and conditions you’ll encounter from time to time is the maximum win stipulation. Sometimes, a betting site will offer a bonus bet but then set an upper limit on how much you can win by wagering the bonus.

Unscrupulous bookmakers can certainly abuse win limit terms, but win limits serve a purpose in certain situations. For example, no-deposit bonuses usually come with a cap on how much you can win because the bonus is so easy to claim – all you need to do is sign up for an account. A win limit helps bookmakers prevent people from signing up for multiple accounts, placing multiple low-probability/high-payout bets, and then only claiming the one account that hits a big win.

Maximum Bonus Amount

This is a pretty straightforward limitation that is usually explained upfront in plain terms. Nearly every match deposit bonus comes with a maximum amount they are willing to offer.

In the case of a 100% up to $100 bonus, for example, your first deposit would be doubled, but only for up to $100 extra.

You’re welcome to deposit as much as you want and still get the bonus, but there is almost always an upper limit as to how much bonus cash your bookmaker is willing to give you.

Taking Advantage of Sportsbook Promotions

Identifying the best online sports betting bonus offers is straightforward when you consider the factors explained above. The most important factor is the reputation of the betting site offering the bonus in the first place.

If a site has a history of security or trust issues, it does not matter how great the promotions are.

The terms and conditions underpinning all sportsbook bonuses provide the rest of the story.

We want to ensure all sports betting bonuses are realistic, straightforward, and clearly explained.

If any bonus comes with terms and conditions that are obviously designed to undermine the offer’s value subtly, we refuse to list that bonus here.

Finally, we acknowledge that choosing the “best” of anything naturally involves some degree of subjectivity.

For example, someone working with a small bankroll would be best served by a smaller bonus bet offer, while someone looking to make a large deposit would most likely be better off with a deposit match bonus with a high maximum bonus amount.