Best Sportsbook Bonuses & Promo Codes For August 2023

Best Sportsbook Bonuses & Promo Codes for August 2023

Every day, sportsbooks offer some amazing welcome offers such as signup bonuses in the form of “bonus bets” or “risk-free bets,” and you don’t even need a promo code to take advantage of most. Below, we’ve put together the best online sportsbooks’ welcome bonuses (FanDuel, DraftKings, Caesars and BetMGM), along with some of their best daily promos and odds boosts to help you get even more value for signing up.

We’re often asked, “How many sportsbooks should I have?” The answer is: As many as you can handle! Here are the benefits of having multiple sportsbooks available in your state: 

1. You can take advantage of multiple welcome offers, which can be very lucrative by themselves. Plus, people in the same household can each have their own account (i.e. more welcome offers). 
2. With multiple sportsbooks comes multiple promotions such as "Bet-and-Gets," parlay insurance, odds boosters and much more around major sporting events, adding excitement and value. 
3. You will also get more daily odds boosts having multiple sportsbooks, giving you a bigger edge every single day. These are great bankroll builders. 
4. You should always line shop any bet across multiple sportsbooks to find the best number/price. The more sportsbooks you have, the more chance you'll find a favorable line -- and maybe even the occasional mistake line to hammer.

Ready to dive into some of the best sportsbook offers and bonuses? Let’s take a look below at  some of the best welcome bonuses, daily promos and odds boosts today! 

FanDuel Promo Code

Welcome Bonus Offer: Bet $5, Get $200 in bonus bets, plus get $100 off NFL Sunday Ticket! Just bet $5 on FanDuel and get $200 in bonus bets instantly. You can then spread these bonus bets over multiple wagers, making them very versatile. Plus, you'll get a code for $100 off Sunday Ticket via YouTubeTV!

FanDuel Promo Code: None needed (use this link)

Available online in: AZ, CO, CT, IL, IN, IA, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV, WY

FanDuel Promos and Odds Boosts:

MLB Dinger Tuesday. This is one of the most fun (and profitable) promos out there, and it's worth joining FanDuel for Dinger Tuesday alone. Opt in each Tuesday and place a $25+ wager on any MLB player to hit a home run and get a $5 bonus bet for each home run hit in that game (up to $25 max). The best part is that you can play this promo for every game on Tuesdays. Follow along here for our Dinger Tuesday picks every week!  

Daily Odds Boosts. FanDuel also offers daily odds boosts, often multiple per day, to give you an edge, so be sure to check out what they're boosting today and take advantage!

Sign up for FanDuel using the offer below!

DraftKings Promo Code

Welcome Bonus Offer: Bet $5, Get $200 in bonus bets! It's that simple -- just bet $5 on DK and get $200 in bonus bets instantly. These bonus bets are broken up, so you won't have to put the full $200 on any single bet.

DraftKings Promo Code: None needed (use this link)

Available online in: AZ, CO, CT, IN, IA, KS, LA, MA, MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY

DraftKings Promos and Odds Boosts:

Stepped Up SGPs. This is one of the more frequent promos on DraftKings. Opt in and get a boost token to use on a same-game parlay (usually NBA, MLB or NFL) and get a profit boost for each leg (minimum -500 odds) added over two, up to 100% for 10 legs!

No Sweat Bets. Another regular promo on DK, you'll get your stake back (usually up to $10) if your wager doesn't win! Depending on the promo, this can be for sport-specific straight bets, same-game parlays or even SGPx, which is a same-game parlay with any other leg added.

Odds Surges. DraftKings will often have an "Odds Surge" for a certain event or outcome, where you can add odds to the original line for a larger payout. These can be for a player to hit a home run, score a touchdown or win a tournament (e.g. golf). The best strategy here is to use the surge on a player with relatively short odds, giving you the biggest boost in terms of percentage.

Superstar Boosts. Similar to FanDuel's Odds Boosts, DK often picks a star player and gives them an odds boost to hit a very achievable milestone. Just another edge to help build your bankroll!

Check back soon! In the meantime, sign up for DraftKings using the offer below!

Caesars Promo Code

Welcome Bonus Offer: Bet $50, Get $250! It's that simple: Make a wager of at least $50 at Caesars and get five $50 bonus bets, win or lose! The first $50 bonus bet will be issued immediately upon settlement of your first $50 wager, and you'll receive an additional $50 bonus bet each subsequent Monday, for $250 in total.

Caesars Promo Code: BETQLFULL

Available online in: AZ, CO, IL, IN, IA, KS, LA, MA, MD, MI, NV, NJ, NY, OH, PA, TN, VA, WV, WY

Caesars' Promos and Odds Boosts:

SGP & Parlay Boosts. Caesars regularly offers 25% to 50% profit boost tokens to use on sport-specific parlays and SGPs with at least +400 odds! If you're looking to play a parlay today, why not check it out at Caesars first to see if you can get even more bang for your buck?

Check back soon! In the meantime, sign up for Caesars using the offer below!

BetMGM Promo Code

Welcome Bonus Offer: Up to $1,000 back in bonus bets if your first bet loses! If your first bet on BetMGM loses, you'll get your stake back up to $1,000 in bonus bets. If your losing wager is larger than $50, you'll receive equal bonus bets equal to 20% of the original stake; in other words, you'll get multiple bonus bets to make multiple wagers.

BetMGM Promo Code: None needed (use this link)

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

Today’s Promos or Odds Boosts:

MLB, NBA, NHL, EPL & UCL One-Game Parlay Insurance. If you're not playing BetMGM's OGP Insurance promos yet, you're leaving money on the table. Opt in to the promo weekly (once each for NBA, MLB, NHL, EPL & UCL) and place a four-leg (minimum) one-game parlay with at least +400 odds; if your OGP loses by one leg, you'll get your stake back in a free bet up to $25 -- and you can take advantage of each promo once per sport every day there's a game!

Wednesday MLB "Call Your Shot." Every Wednesday, bet $25 on an MLB player to hit a home run and get a $10 bonus bet instantly!

Lion's Boosts. Most days, BetMGM offers odds boosts on certain bets in certain markets. Check BetMGM to see which Lion's Boost is available in your market today!

Check back for more! In the meantime, sign up for BetMGM using the offer below!

BetRivers Promo Code

Welcome Bonus Offer: Up to $500 back in second-chance bets if your first bet loses! If your first bet on BetRivers loses, you'll get your stake back up to $500 in bonus bets.

BetRivers Promo Code: SPORTS

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

Today’s Promos or Odds Boosts:

Insurance Promotions. Various insurances are common promotions around BetRivers, and can be highly profitable if played right. With any insurance promo, you can take on a little more risk than usual knowing that you'll get at least a portion of your stake back in bonus bets if you meet certain requirements. Here are a few examples that are available daily/weekly:

- Golf Top 10 Insurance: Pick any golfer to win a tournament outright and get your stake back if the golfer doesn't win but finished in the Top 10.
- MLB Parlay Insurance: Place a four-leg MLB parlay that meets the promo requirements and get your stake back if only one leg loses, up to once per week! For this one you might put most of the risk on one longer leg to go with three short legs, aiming for a big payout while also maximizing your chances for insurance.
- NHL First Goal Scorer Insurance: Bet any player to score the first goal and get your stake back as a bonus bet if that player doesn't score first but scores later in the game.
- Tuesday MLB HR Insurance: On Tuesdays, bet any player to hit a homer and get your stake back as a bonus bet if he doesn't homer but records an extra-base hit!

Bet & Gets and Matched Bets. BetRivers offers a ton of "bet and get" opportunities, sometimes even on a weekly basis for certain sports. For example, if you bet $10 on at least three MLB same-game parlays in a week, you'll get a $10 bonus bet! Usually around big events, BetRivers will also offer "matched bets," where a user gets up to 50% of their wager back as a bonus bet, just for making the bet!

PointsBet Promo Code

Welcome Bonus Offer: 10 second-chance bets up to $100 each if any of your first 10 bets lose!

PointsBet Promo Code: None needed (use this link)

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

Welcome Offer. First, let's explain PointsBet's welcome offer, since it can seem a bit more complicated than others:

1. Create a new PointsBet account using this link;
2. Place a fixed odds cash bet each day for 10 consecutive days after signing up (no opt-in needed);
3. Didn’t win some of your first 10 bets? You'll get a second-chance bet up to $100 for each one missed!

Bet365 Promo Code

Welcome Bonus Offer: Bet $1, Get $200! It's that simple: Deposit $10 at Bet365, bet $1 and you'll get $200 in bonus bets instantly, win or lose! These bonus bets can be broken up into any amount across various types of wagers.

Bet365 Promo Code: None needed (use this link)

Available online in: CO, IA, NJ, OH, VA

Today’s Promos or Odds Boosts:

Daily Super Boosts. Much like FanDuel, Bet365 offers daily "Super Boosts" that boost the odds on a particular wager for users. These boosts are strong plays nearly every day.

Daily Same-Game & Regular Parlay boosts. Bet365 also offers 25-30% odds boosts to use on specific games or events, pretty much daily, and sometimes multiple per day. You can use these to your advantage and build your bankroll quickly at Bet365.

There are even more great sportsbook offers below! It pays to have multiple books for more boosts and promos, plus line shopping, so be sure to check out all of the great welcome offers from our sportsbook partners below and cash in today!