Best Sportsbook Bonuses & Promo Codes

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 Sportsbook Review

Welcome Bonus Offer: No Sweat First Bet Up to $2,500! If your first bet on FanDuel loses, you'll get your stake back up to $2,500 in bonus bets. You can then spread these bonus bets over multiple wagers, making them very versatile. Also, you do not have to bet the full $2,500 to take advantage of this welcome offer; it's a great deal no matter how much you wager!

FanDuel Promo Code: None needed

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.

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!

DraftKings Sportsbook Review

Welcome Bonus Offer: Bet $5, Get $150 in bonus bets! It's that simple -- just bet $5 on DK and get $150 in bonus bets instantly. These bonus bets are broken up, so you won't have to put the full $150 on any single bet.

DraftKings Promo Code: None needed

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!

Caesars Sportsbook Review

Welcome Bonus Offer: Up to $1,250 back in bonus bets if your first bet loses! If your first bet on Caesars loses, you'll get your stake back up to $1,250 in bonus bets. Plus, your first wager will earn you 1,000 Tier Credits and 1,000 Reward Credits at Caesars!

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?

BetMGM Sportsbook Review

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

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!

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!

BetRivers Sportsbook Review

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 Sportsbook Review

Welcome Bonus Offer: 5 second-chance bets up to $50 each if your first five bets lose!

BetRivers Promo Code: None needed

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

Today’s Promos or Odds Boosts:

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 5 consecutive days after signing up (no opt-in needed);
3. Didn’t win some of your first five bets? You'll get a second-chance bet up to $50 for each one missed!