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

21+ to Play, T&Cs Apply. Gambling Problem? Call 1-800-GAMBLER

Latest Online Sportsbook Bonuses

DraftKings Sportsbook Bonus

• Offer available in these states: AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY, & WV
• Bonus offer: 20% up to $1,000
• Rollover: 25x

DraftKings Sportsbooks greets new customers with a 20% welcome bonus worth up to $1,000 in bonus funds (DK Dollars). For example, a new customer who deposits $500 will get an extra $100 in bonus bets.

However, bettors should note the bonus comes with a relatively high rollover of 25 times the deposit amount. For every $25 customers wager on sports, DraftKings will release $1 in bonus funds to their player account.

^{Gambling problem? Call 1-800-GAMBLER. Call (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY 467369)(NY). Call 1-800-522-4700 (NH), 888-789-7777/visit ccpg.org (CT), or visit www.1800gambler.net (WV). Offer for new customers 21+ (18+ KY/NH/WY), present in AZ, CO, CT, IL, IN, IA, KS, KY, LA (select parishes), MA, MD, ME, MI, NC, NJ, NJ, NY, OH, PA, TN, VA, VT, WV, WY only. Void in ONT/OR/NH. Eligibility restrictions apply. See terms at sportsbook.draftkings.com/promos.}

FanDuel Sportsbook Bonus

• Offer available in: AZ, CO, CT, DC, IA, IN, IL, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, & WY
• Bonus offer: Bet $5, Get $200 in Bonus Bets

New FanDuel Sportsbook customers can place their first $5 bet with FanDuel to get $200 in bonus bets.

New users who sign up for an account and place a first wager of at least $5 automatically qualify. Regardless of whether their first wager wins or loses, new customers get $200 in bonus bets.

FanDuel bonus bets are non-withdrawable, but customers may use them to place wagers to win withdrawable cash. Any money won with the bonus bet may be withdrawn immediately.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, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, & WY
• Bonus offer: Up to $1,500 bonus bet if your first wager doesn’t win
• Bonus code: BUSABONUS

BetMGM Sportsbook offers a first bet bonus offer worth up to $1,500 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 $1,500 in bonus bets.

There’s no rollover necessary, but 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, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NJ, NY, NC, OH, PA, TN, VA, WV, & WY
• Bonus amount: $1,000
• Promo code: BUSA1000

Caesars Sportsbook welcomes new customers with a first bet refund offer that pays up to $1,000 as a bonus bet to anyone whose first wager loses.

BetRivers Sportsbook Bonus

• Offer available in: AZ, CO, DE, IA, IL, IN, LA, MD, MI, NJ, NY, OH, PA, VA, & WV
• Bonus amount: 100% up to $500 (max bonus varies by state)
• Bonus code: BUSA

BetRivers offers a simple welcome bonus to all new customers: 100% added to the first deposit of every new customer for up to $100 in AZ, IA, NY, OH and WV, up to $250 in CO, DE, and NJ, or up to $500 in IL, IN, LA, MD, MI, PA, and VA.

For example, first deposits of $150 in Arizona would result in a welcome bonus of $150.

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.