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The best sportsbook promos turn new sign-ups into bonus bets and extra chances to win. From welcome bonuses and second-chance bets to boosted payouts and deposit matches, today’s sports betting offers give players more value for every wager. FOX Sports highlights the top sportsbook promos from FanDuel, DraftKings, bet365, BetMGM, Fanatics Sportsbook, and Caesars Sportsbook—trusted operators known for safe, legal betting across the U.S.
After impressive starts to their World Cup campaigns, Lionel Messi, Kylian Mbappé, and Erling Haaland are back in action. Argentina opens the day against Austria, France takes on Iraq, and Norway battles Senegal. Will the stars deliver another memorable performance?
Best Sportsbook Promos and Bonus Codes for June 2026
| Sportsbook |
Offer Type |
Welcome Bonus |
| BetMGM |
First-Bet Safety Net |
Get a $50 BetMGM Reward Points Bonus + Up to $1,500 in Bonus Bets if First Bet Loses with Promo Code FOXSPORTS |
| DraftKings |
Bet and Get |
Bet $5+ Get $200 in Bonus Bets Instantly |
| Caesars |
Profit Boosts |
Bet $1, Double Your Winnings Your Next 10 Wagers with Code ‘FOXDYW’ |
| FanDuel |
Bet and Get |
Get $350 in Bonus Bets Guaranteed – When You Bet $5 for 7 Days! |
| bet365 |
Bet and Get |
Bet $10, Get $365 in Bonus Bets Win or Lose or $1,000 First Bet Safety Net |
| Fanatics |
No Sweat |
10 x $100 Bet Matches In FanCash with promo code FOX2026 |
Today’s Top 3 Sportsbook Promos & Profit Boosts
Caesars Sportsbook
Bet $1, Double Your Winnings Your Next 10 Wagers with Code ‘FOXDYW’
BetMGM Sportsbook
Hat Trick Jackpot: Get a share of $10,000 in Bonus Bets if your anytime goal scorer gets a hat trick!
bet365 Sportsbook
Boost Your Parlay Up To 100%: Place a parlay and get an additional 2.5-100% added to your winnings depending on the number of selections in your parlay!
DraftKings Sportsbook Promo Code – Bet $5 and Get $200 in Bonus Bets Instantly
New customers in eligible states can claim the DraftKings Sportsbook welcome bonus: Bet $5 and Get $200 in Bonus Bets Instantly. The low $5 qualifying bet makes this one of the most accessible
Quick Facts
- Offer: Bet $5 and Get $200 in Bonus Bets Instantly
- Bet Type: Bet & Get
- Payout Speed: Within 24 hours
- Minimum Deposit: $10
- Minimum Bet to Qualify: $5
- App Store Ratings: 4.4 (iOS), 4.3 (Android)
DraftKings Promo Terms and Conditions
- 1 per new customer.
- Get max. $100 in Bonus Bets.
- Bonus Bets expire in 7 days (168 hours).
- Bonus Bets issued as (8) $25 Bonus Bets.
- Stake removed from payout.
- Terms: sportsbook.draftkings.com/promos
- Ends 6/28/26 at 11:59 PM ET.
- To be eligible for DraftKings Sportsbook and the Promotion, you must be physically located in AR, AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA (select parishes), MA, MD, ME, MI, MO, NC, NJ, NH, NY, OH, OR, PA, PR (residents only), TN, VA, VT, WY or WV (each an “Eligible Jurisdiction” or, collectively, the “Eligible Jurisdictions”). Must be 21+ years of age or older (18+ if in DC/KY/NH/WY).
- New DraftKings Customers Only.
How to Claim the Bonus
- Sign up for a new DraftKings Sportsbook account.
- Deposit funds into your account.
- Place a $5+ cash wager on any eligible sport.
- If your bet wins, receive $200 in Bonus Bets (8 × $25) within 24 hours.
- Use the Bonus Bets within 7 days.
DraftKings Highlights & Top Features
DraftKings offers one of the most comprehensive sports betting experiences in the U.S. market. Its Same Game Parlay+ feature lets users combine bets from multiple games into one ticket, while its live betting interface delivers fast, reliable odds updates.
The platform also includes integrated stat hubs, game trackers, and frequent sport-specific profit boosts, giving users more tools to inform their wagers. Additionally, its integration with the DraftKings DFS platform creates unique cross-play opportunities for daily fantasy sports players.
DraftKings Mobile App User Experience
DraftKings’ app is among the most polished in the industry, with a clean, intuitive interface that makes it easy to toggle between sports, promotions, and account settings. Its dark background with green highlights creates a professional, sportsbook-centric aesthetic, and the layout is logically organized with clear tabs and shortcuts.
Performance is consistently excellent — pages load quickly, odds refresh seamlessly, and navigation rarely stalls. The bet slip is simple to edit, allowing users to add, remove, and switch formats with ease.
Live betting is a standout, offering real-time odds updates and smooth transitions between markets. Integrated extras include quick-access stats, in-game scoreboards, and occasional streaming for select events.
One minor drawback is that the homepage can feel crowded with promos during major events, but overall DraftKings sets a high bar for usability.
DraftKings Banking: Deposits, Withdrawals, and Payout Speed
DraftKings supports a wide range of deposit methods, including debit/credit cards, PayPal, online banking/ACH, Play+ prepaid cards, Venmo, and wire transfers. Withdrawals can be made via PayPal, online banking, Play+, checks by mail, or wire transfer.
Processing times vary depending on the method: PayPal and Play+ typically process within 24–48 hours, while online banking and checks may take 3–5 business days. DraftKings offers instant payouts through PayPal and Play+ for eligible users, allowing near-immediate access to funds once the withdrawal is approved.
BetMGM Sportsbook Promo Code – Get a $50 BetMGM Reward Points Bonus + $1500 Back in Bonus Bets, If Your First Bet Doesn’t Win with Code ‘FOXSPORTS’
BetMGM’s welcome bonus depends on your state, but every new user can unlock a strong offer by entering promo code FOXSPORTS when signing up.
In most eligible states, bettors can claim up to $1,500 back in Bonus Bets if their first wager loses, giving you a built-in safety net on your first pick. Meanwhile, players in Michigan, New Jersey, Pennsylvania, and West Virginia can take advantage of a Bet $10, Get $150 in Bonus Bets if your bet wins promotion.
Simply sign up, enter promo code FOXSPORTS, and place your first wager to activate your state-specific BetMGM welcome bonus.
Quick Facts
- Promo Code: FOXSPORTS
- Offer: Get a $50 BetMGM Reward Points Bonus + $1500 Back in Bonus Bets, If Your First Bet Doesn’t Win (all available states except MI, NJ, PA, & WV)
- Offer 2: Bet $10, Get $150 in Bonus Bets if your first bet wins (MI, NJ, PA, & WV only)
- Bet Type: First-bet insurance (refund in bonus bets).
- Payout Speed: Bonus bets usually credit within 24–72 hours after settlement; expire in 7 days.
- Minimum Deposit: $10.
- App Store Ratings: iOS 4.8, Android 4.2
- BetMGM Legal States: AZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MO, MS, NC, NJ, OH, PA, TN, VA, WV, WY.
BetMGM Promo Terms and Conditions
- Bonus bets are paid only if your first wager loses. Expire in 7 days.
- Refund split: if your losing first bet is $50 or more, you receive five bonus bets of equal 20% denominations; under $50 returns as one bonus bet.
- New customers only, one per customer, state eligibility applies.
How to Qualify & Claim Your BetMGM Bonus
- Click here and create a new BetMGM Sportsbook account.
- Enter promo code FOXSPORTS during registration.
- Deposit $10 or more into your account.
- Place your first real-money wager of $10+ on any eligible market.
- If that bet loses, receive up to $1,500 back in Bonus Bets, which expire after 7 days.
BetMGM Highlights & Top Features
Parlay and SGP builders, routine odds boosts, and integration with MGM Rewards on eligible wagers. Seasonal promos like “Swing for the Fences” add extra tokens and boosts during MLB season.
BetMGM Mobile App User Experience
BetMGM offers solid navigation with clearly labeled sections for sports, promos, and account settings, but the overall layout can feel a bit busy compared to its top competitors. The black-and-gold color scheme is distinctive, though some screens have dense menus that require extra scrolling.
Performance is generally smooth, though bettors may notice minor delays when exploring deep prop markets or toggling between live events. The bet slip is easy to use, but less visually refined than DraftKings’ or FanDuel’s.
Live betting functionality is comprehensive, with a wide range of markets, but odds updates can lag slightly during peak action. Integrated features include basic scoreboards and some stat overlays, though streaming is limited.
The main drawback is occasional sluggishness and a slightly less streamlined user flow.
BetMGM Banking: Deposits, Withdrawals, and Payout Speed
BetMGM accepts deposits via debit/credit cards, PayPal, Play+, online banking/ACH, PayNearMe, and wire transfers.
Withdrawals are available through PayPal, Play+, online banking, checks, and in some states, cash at affiliated casinos. PayPal and Play+ are typically processed in 24–48 hours, while online banking and checks usually take 3–5 business days.
BetMGM supports instant PayPal payouts for verified accounts, offering fast access to funds without waiting for extended processing times.
FanDuel Sportsbook Promo – Get $350 in Bonus Bets Guaranteed – When You Bet $5 for 7 Days!
To claim the offer, new users must register and verify a new FanDuel account, then place a qualifying $5 wager on any FanDuel Sportsbook market. Once the wager is placed, eligible users will receive $50 in Bonus Bets each day for seven consecutive days, giving them up to $350 in Bonus Bets total.
Quick Facts
- Offer: Get $350 in Bonus Bets Guaranteed – When You Bet $5 for 7 Days
- Promo Code: None required.
- Bet Type: Bet and Get.
- Eligible Bet Size: $1-$350
- Payout Speed: Typically within 72 hours of settlement.
- Minimum Bet to Qualify: $1 App Store Ratings: 4.9/5 (iOS), 4.6/5 Android (Android).
FanDuel Promo Terms and Conditions
- New customers only; must sign up for and verify a new FanDuel account.
- Must be 21+ in eligible states (18+ in DC, Kentucky, Puerto Rico, and Wyoming).
- Promotion valid June 3–28, 2026.
- Place a $5 wager on FanDuel Sportsbook to qualify.
- Get $50 in Bonus Bets each day for 7 days (up to $350 total).
- Existing FanDuel customers and previous real-money bettors are not eligible.
- Bonus Bets are non-withdrawable; stake is not returned on winning wagers.
- Limit one offer per person/account.
- Void where prohibited; additional terms and restrictions apply.
- FanDuel Sportsbook is available in AZ, AR, CO, CT, DC, IL, IN, IA, KS, KY, LA, MD, MA, MI, MO, NJ, NY, NC, OH, PA, TN, VT, VA, WV, WY, and Puerto Rico.
How to Claim the FanDuel Sportsbook Welcome Bonus
Claiming the FanDuel welcome offer takes only a few minutes. Here’s how to get started:
- How to participate: Sign up for FanDuel Sportsbook
- After signing up, place a Five Dollar ($5) wager and get Fifty Dollars ($50) in Bonus Bets each day for seven (7) days.
- There is a maximum bonus of $50 each day during the 7 day period.
- Bonus will be issued as nonwithdrawable Bonus Bets that expire 7 days after receipt.
- Your seven (7) day period will begin once you are opted in to the Promotion.
FanDuel Highlights & Top Features
One of the most intuitive apps, elite Same Game Parlay and SGP+ tools, frequent boosts, and fast live pricing.
FanDuel Mobile App User Experience
FanDuel combines sleek visual design with one of the fastest, most stable app performances on the market. Its light blue and white color scheme is clean and easy on the eyes, and the top navigation bar makes finding sports, boosts, and promos extremely straightforward.
The app rarely experiences lag, even during peak live-betting windows. The bet slip is excellent — intuitive for both single bets and parlays, with quick removal and formatting options. FanDuel’s live betting interface is among the best, with rapid odds updates and fluid market switching. Extras like live scoreboards, in-game stat trackers, and selective streaming elevate the experience. The only notable limitation is occasional clutter in the promo carousel, which can push betting markets lower on the screen.
FanDuel Banking: Deposits, Withdrawals, and Payout Speed
FanDuel makes deposits easy with multiple options: debit/credit cards, PayPal, Venmo, online banking/ACH, Play+, PayNearMe, and wire transfers. Withdrawals can be processed through PayPal, Venmo, Play+, online banking, checks, or cash at select retail locations. PayPal and Venmo are typically the fastest, usually arriving within 24 hours, while online banking and check withdrawals can take 2–5 business days. FanDuel also offers instant PayPal payouts for qualified users, making it one of the quickest operators for accessing winnings.
Fanatics Sportsbook OHPromo – Get a 100% bet match up to $100 in FanCash for 10 days with promo code FOX2026
New Fanatics Sportsbook users can get a 100% bet match up to $100 in FanCash for 10 days. FanCash can be converted into bonus bets or used on merchandise through the Fanatics ecosystem, giving bettors flexible ways to redeem rewards.
Quick Facts
- Offer: Get a 100% bet match up to $100 in FanCash for 10 days.
- Promo Code: FOX2026
- Bet Type: No Sweat in FanCash.
- Minimum Bet: $1
- Minimum Odds: -200
- Payout Timing: FanCash Credited after bet settlement
- FanCash Expiration: 7 days after issuance
- App Store Ratings: 4.8/5 (iOS), 4.8/5 (Android)
- Available States: AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, OH, PA, TN, VA, VT, WV, WY
Fanatics Sportsbook Promo Terms and Conditions
- New users only in eligible states
- Must opt in each day for 10 straight days
- Place 1 qualifying bet per opted-in day
- Get up to $100 in FanCash on each losing bet
- Up to $1,000 total in FanCash
- Minimum $1 bet at -200 odds or longer
- One qualifying bet per day
- Bonus credited within 72 hours of settlement
- FanCash expires in 7 days
- Miss a day and forfeit that day’s bonus chance
How to Qualify & Claim Your Fanatics Sportsbook Offer
- Register for Fanatics Sportsbook and use promo code FOX2026.
- Create a new account and complete verification.
- Make your first deposit with an eligible payment method.
- Opt in to the promo inside the Fanatics app for Day 1.
- Place one qualifying bet of up to $100 at -200 odds or longer.
- If the bet loses, get the stake back in FanCash up to $100.
- Repeat the daily opt-in and qualifying bet for 10 straight days to unlock up to $1,000 total.
- Use FanCash within 7 days of receipt.
Fanatics Sportsbook Highlights & Top Features
Fanatics Sportsbook offers a clean, easy-to-navigate interface, fast odds updates, and unique rewards through the FanCash ecosystem, which can be converted into bonus bets or used to purchase licensed sports merchandise. Seasonal promotions, including game-day protections and odds boosts, provide additional value during major events like NFL Sundays and the playoffs.
Fanatics Mobile App User Experience
Fanatics has quickly established a modern, user-friendly app that emphasizes clean navigation and integrated rewards. Sports, promos, and account settings are simple to find through a bottom tab layout, and the visual design is crisp with prominent red and white branding. Performance is strong, with fast load times and smooth transitions between pages.
The bet slip is clean and easy to edit, with clear toggles between bet types. Live betting is responsive, though not as expansive as bet365 or FanDuel. Extras like live scoreboards and in-game stats are present, but full streaming is still limited. The standout feature is the FanCash integration, which displays earned rewards alongside the betting balance, offering a unique cross-platform value proposition. The main drawback is that the app’s live market depth isn’t quite as extensive as more established operators.
Fanatics Banking: Deposits, Withdrawals, and Payout Speed
Fanatics offers a straightforward set of deposit methods, including debit/credit cards, PayPal, Play+, online banking/ACH, and PayNearMe.
Withdrawals are available via PayPal, Play+, online banking, and checks. PayPal and Play+ are the fastest options, generally processed within 24–48 hours, while banking and checks can take 3–5 business days.
Fanatics supports instant PayPal withdrawals for eligible users, allowing near-immediate access to funds once processed, which aligns with its emphasis on a modern, seamless user experience.
bet365 Sportsbook Bonus Code FOX365 – Bet $10, Get $365 in Bonus Bets (Win or Lose)
New customers can use bet365 bonus code FOX365 to unlock the current welcome bonus: bet $10 and receive $365 in Bonus Bets. After placing a qualifying wager, users must place $10 in additional qualifying bets to unlock the bonus. Once the requirement is met, the Bonus Bets are typically credited within about one hour and can be used across multiple wagers.
Quick Facts
- Offer: Bet $10, Get $365 in bonus bets win or lose.
- Promo Code: FOX365
- Bet Type: Bet & Get
- Qualifying Bet: $10+ at odds of -500 or longer
- Payout Speed: Bonus Bets usually credited within ~1 hour
- Minimum Deposit: $10 deposit
- App Store Ratings: 4.8/5 (iOS), 4.6/5 (Android)
- Available States: AZ, CO, IA, IL, IN, KS, KY, LA, MD, MI, MO, NC, NJ, OH, TN, VA
bet365 Promo Terms and Conditions
- New customers only. Must deposit at least $10 and claim the offer in the bet365 app within 30 days of sign-up.
- Place $10+ in qualifying bets to unlock $365 in Bonus Bets. Bets must be placed and settled within 30 days of claiming.
- Qualifying wagers must include at least one selection at -500 or longer.
- Only the largest settled wager on the same selection/market counts.
- Cashed Out bets, pushes, no-action wagers, and event-specific Bonus Bets do not qualify.
- Bonus Bets are non-withdrawable, expire in 7 days, and the stake is not returned. Winnings are paid as withdrawable cash.
How to Qualify & Claim Your bet365 Bonus Bets
- Create a bet365 account
- Enter promo code FOX365 during registration and claim the new customer offer in the bet365 app.
- Deposit $10+.
- Place a $10+ qualifying bet at odds of -500 or longer.
- Once the qualifying bets settle, $365 in Bonus Bets will typically be credited to your account.
bet365 Highlights & Top Features
bet365 is known for offering one of the most complete betting platforms in the industry. The sportsbook features best-in-class live betting, with fast odds updates, hundreds of in-game markets, and some of the deepest alternate lines available for major sports. Users also benefit from integrated live streaming on select events, allowing bettors to watch games directly inside the app while placing wagers.
Other standout features include Cash Out and Auto Cash Out tools, which let bettors secure profits or limit losses before an event ends. bet365 also runs frequent promotions such as early-payout offers, odds boosts, and bet builder specials, giving users additional value across major leagues and events throughout the year.
bet365 Mobile App User Experience
bet365’s navigation leans functional over flashy. Sports and markets are organized in a vertical list, which experienced bettors will find efficient, though newcomers may find it dense at first. Its green and yellow design is instantly recognizable, if somewhat utilitarian.
Performance is excellent — bet365 remains one of the fastest apps in the business, especially in live betting, where odds update almost instantaneously and market depth is unmatched. The bet slip is straightforward, supporting quick edits and multiple formats. Integrated extras are strong: bet365 offers extensive live scoreboards, in-game stats, and some of the best streaming coverage in the industry, often including lower-profile events. The biggest limitation is that its interface can feel overwhelming to casual users due to the sheer volume of markets and compact layout.
bet365 Banking: Deposits, Withdrawals, and Payout Speed
bet365 provides standard deposit options such as debit/credit cards, PayPal, online banking/ACH, PayNearMe, and Play+. Withdrawals can be made via PayPal, online banking, Play+, or checks. PayPal is generally the fastest method, often processed within 24 hours, while online banking can take 1–5 business days depending on the bank. bet365 supports instant PayPal withdrawals for eligible users, allowing near-immediate transfers after approval, which is a major plus for frequent bettors.
Caesars Sportsbook Promo Code – Bet $1, Double Your Winnings Your Next 10 Wagers with Code ‘FOXDYW’
New Caesars Sportsbook users can sign up with promo code FOXDYW and place a $1 qualifying wager to unlock 10× 100% Profit Boost Tokens. Each boost can be applied to wagers up to $25, doubling the profit portion of the bet. This promotion spreads the bonus across multiple wagers, making it a great option for bettors who prefer several smaller boosted bets instead of one large bonus bet.
Quick Facts
- Caesars Promo Code: FOXDYW
- Offer: Bet $1, Get 10× 100% Profit Boost Tokens with Code ‘FOXDYW’
- Bet Type: Profit Boost tokens (profit only boosted)
- Token Value: Up to $25 per boost
- Max Additional Profit: Up to $2,500 across all boosts
- Token Expiration: 14 days after issuance
- Minimum Odds: −10000
- Minimum Qualifying Bet: $1
- App Store Ratings: iOS ~4.7 / Android ~4.6
- AZ, CO, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, WV
Caesars Sportsbook Promo Terms and Conditions
- New users only
- Register with promo code FOXDYW and deposit $10+, then place a qualifying $1+ wager.
- After the qualifying bet, users receive 10 × 100% Profit Boost tokens.
- Each token allows a max wager of $25 and can add up to $2,500 in additional winnings.
- Profit Boosts expire 14 days after being awarded and are single-use only.
- Voided, pushed, or cashed-out wagers will not qualify or reissue the boost.
- Offer is available in eligible states to users 21+ and Caesars may modify or end the promotion at any time.
- Boosts cannot be used with bonus bets, Cash Out, or Super Boost markets.
- Winnings from boosts are paid as cash, not bonus funds.
How to Qualify & Claim Your Caesars Boosts
- Create a new Caesars Sportsbook account using promo code ‘FOXDYW’.
- Verify your account and deposit funds.
- Place a $1+ cash wager on any eligible market.
- After the bet settles, receive 10 × 100% Profit Boost tokens in your account.
- Apply the boosts to wagers (up to $25 each) within 14 days to increase potential winnings.
Caesars Highlights & Top Features
Daily Super Boosts, SGP tools, and Caesars Rewards tier credits on eligible wagers, plus solid live betting coverage.
Caesars Mobile App User Experience
Caesars Sportsbook blends its signature green-and-gold branding with a clean, well-spaced interface that’s easy to navigate. Sports, promos, and account settings are clearly accessible via the bottom menu, and featured markets are well organized. Performance is generally reliable, though load times can be slightly slower than FanDuel or DraftKings during major events.
The bet slip is functional and easy to manage, supporting quick add/remove actions. Live betting is well-integrated with responsive odds updates, though it lacks some of the polish and speed of bet365. Integrated extras include scoreboards and basic stats, but streaming options are limited. A minor drawback is occasional sluggishness on older devices, especially when scrolling through long futures menus.
Caesars Banking: Deposits, Withdrawals, and Payout Speed
Caesars Sportsbook supports deposits through debit/credit cards, PayPal, Play+, online banking/ACH, PayNearMe, and wire transfers. Withdrawal methods include PayPal, Play+, online banking, checks by mail, and cash at Caesars retail sportsbooks. PayPal and Play+ usually process within 24–48 hours, while online banking and checks can take 3–5 business days. Caesars offers instant PayPal payouts for qualified users, making it easy to receive winnings quickly without extended delays.
Popular Types of Sportsbook Offers for New Users
Sportsbooks have a handful of different offers to try and keep users on their apps. Bonus bets, deposit match bonuses, second-chance bets, no-sweat bets and first-best insurance are among those offers. Here’s a little more on each.
Bonus Bets (“Bet and Get” Offers)
Bonus bets are site credits awarded after you place a qualifying wager.
With DraftKings and bet365, you receive the bonus win or lose. With FanDuel, you receive the bonus only if your qualifying bet wins. Only the winnings from a bonus bet are withdrawable; the bonus stake is not.
These are best for new users with low risk tolerance or smaller bankrolls who want quick value from a small first wager. Sportsbooks offer them because they lower the entry barrier, get new bettors comfortable in the app, and create reasons to explore more markets with minimal upfront risk.
Below are some examples of this offer that have appeared throughout this guide:
DraftKings: Bet $5, Get $200 in bonus bets instantly.
bet365: Bet $10, Get $365 in bonus bets (win or lose).
Deposit Match Bonus
A deposit match bonus is a common type of sportsbook welcome offer that rewards new users by matching their first deposit with bonus funds.
Typically, this is a one-time promotion, often structured as a 100% match up to a set amount — for example, “100% match up to $500.” So, if you deposit $500, the sportsbook will give you an additional $500 in bonus bets, effectively doubling your starting bankroll.
This type of offer is especially appealing to new users who plan to make a larger initial deposit, as the more you deposit (up to the limit), the more bonus funds you unlock. For sportsbooks, deposit match bonuses are a strategic way to incentivize bigger upfront deposits, encouraging users to commit more funds from the start.
Second-Chance Bets, No-Sweat Bets, and First-Bet Insurance
In this promotion, sportsbooks will refund your first wager if it loses in bonus bets, acting as a safety net for an opening bet. This is best for new users who want to make a big higher-risk first wager. Let’s take a look at each.
Second-chance bets: your first wager is “insured” up to a stated cap (for example, $150, $500, or $1,000). If the bet loses, the refund is issued as bonus bets, not cash, typically within 24–72 hours and often split into tokens that expire in about 7 days. If the bet wins, no refund is given.
No-sweat bets: works the same way but usually tied to a specific event or day with a smaller cap (for example, $10–$100). A losing eligible wager is refunded as bonus bets, not cash, subject to expiry and other terms. A winning bet receives normal cash winnings and no refund.
First bet insurance: another name for the same “loss-refund” structure on your very first wager. The refund is capped and paid as bonus bets, not cash, and only if the first bet loses. Bonus-bet stakes are not returned on winning bonus-bet wagers, and minimum-odds and expiry rules apply.
Sportsbook No Deposit Bonuses
A no deposit bonus is a rare type of sportsbook promotion that gives new users bonus bets or site credit without requiring any deposit. These offers are typically tied to special occasions, such as a new state launch or a major event, and are designed to let bettors try the platform risk-free. However, no deposit bonuses are very uncommon in today’s regulated U.S. market and usually come in low amounts, often just a few dollars in site credit.
Importantly, none of the reputable traditional sportsbooks featured on this page currently offer a no deposit bonus, making this type of promotion more of a special exception than a standard welcome offer. We do, however, occasionally see no deposit welcome bonuses for DFS apps.
Common Sportsbook Promotions for Existing Users
If you’re a longtime user of legal sportsbooks, there are also promotions for you, too. Let’s take a look at each of them.
Odds Boosts & Profit Boosts
Odds boosts and profit boosts are exactly what they sound. For odds boosts, the odds are raised on select bets, increasing the potential payout. On profit boosts, your winnings get multiplied by a set percentage on eligible bets.
- Odds Boost: Raises the odds on select bets, increasing potential payout.
- Profit Boost: Multiplies your winnings by a set percentage on eligible bets.
- Who is known for these: DK, FD, BetMGM, bet365
Reload Bonus
For reload bonuses, existing users can get a certain percentage of their deposit matched up to a certain amount. This is for returning or dormant bettors, and also encourages re-engagment and repeat deposits for the sportsbook.
Refer-a-Friend Bonus
It pays to get your friends involved in gambling. If a friend signs up for an account on a sportsbook through a referral link, your account can get rewarded with bonus bets or site credit. Let’s take a look at what each sportsbook offers with its refer-a-friend bonus.
| Sportsbook |
Refer-a-Friend Bonus |
Referral action |
Max Referrals |
| BetMGM |
$100 |
Deposit $100+, wager $100 bonus |
20 per month |
| DraftKings |
$100 |
Deposit $25+ |
5 |
| FanDuel |
$75 |
Deposit and bet $10+ |
5 every 30 days |
| Caesars |
5,000 Reward Credits |
Deposit and bet $50+ |
10 |
| Fanatics Sportsbook |
$100 |
Deposit and bet $20+ |
5 |
| bet365 |
$50 |
Deposit and bet $10+ |
10 per year |
Loyalty and Rewards Programs
Loyalty and rewards programs give bettors ongoing value by allowing them to earn points for every wager they place, which can then be redeemed for bonus bets, perks, or merchandise.
These programs often feature multiple tiers, and as users climb to higher levels, they unlock extra benefits like faster withdrawal processing, exclusive VIP promos, personalized offers, and priority support.
Some sportsbooks focus purely on bonus bet redemptions, while others integrate unique perks — for example, Fanatics Sportsbook lets users exchange rewards (FanCash) for merchandise on the Fanatics store, blending retail and betting benefits in a way no other operator currently does.
These programs are ideal for regular bettors who want to maximize long-term value from their action.
- DraftKings Dynasty Rewards– earn Crowns for every bet; redeem for bonus bets, DFS entries, or merchandise. Higher tiers offer enhanced perks.
- FanDuel Rewards Program– points earned through betting can be redeemed for bonus bets; higher tiers unlock special promos and priority service.
- BetMGM Rewards– integrated with MGM Resorts; points can be redeemed for bonus bets or hotel, dining, and entertainment perks at MGM properties.
- bet365 Loyalty Program– rewards frequent bettors with points redeemable for bonus bets; program is straightforward but lower on flashy perks.
- Caesars Rewards– tied to Caesars Entertainment’s broader program; points can be redeemed for bonus bets or used at hotels, restaurants, and casinos.
- Fanatics FanCash– earn 2–5% back on wagers; can be redeemed for bonus bets or merchandise on Fanatics.com, making it the most retail-integrated rewards program.
Sports Betting Contests and Tournaments
Sports betting contests and tournaments are competitive betting events where users place picks or wagers to climb leaderboards and compete for prizes such as bonus bets, cash, or merchandise. These contests can be free-to-play (often used as promotional tools) or paid entry, offering larger prize pools and more competitive formats.
Sportsbooks frequently tie these events to major sports seasons or marquee events — for example, NFL playoff pick’em challenges, March Madness bracket contests, or special promotions during the Super Bowl.
FanDuel and DraftKings are particularly well-known for their extensive contest offerings, drawing on their Daily Fantasy Sports (DFS) roots to run large-scale tournaments with tiered leaderboards and substantial payouts.
These contests are a fun way for bettors to engage with the sportsbook beyond standard wagering, adding a social and competitive layer to the betting experience.
Common Sports Betting Promotion Terms & Conditions
Every sportsbook promotion comes with specific terms and conditions that govern who’s eligible, how payouts work, and how any bonus funds can be used. Understanding these rules is essential to avoid surprises and make the most of any offer. Here are some of the most common conditions you’ll see across sportsbooks:
- Eligibility: most welcome offers are limited to new customers who are physically located in a legal sports betting state.
- Minimum Deposit: the smallest amount required to qualify, usually $5–$20.
- Minimum Bet: the minimum wager needed to trigger the promo, often matching the deposit threshold.
- Odds Restrictions: many offers require the qualifying bet to be placed on odds of -150 or longer (e.g., +100, +150).
- Wagering Requirements: you may need to play through bonus funds multiple times before you can withdraw winnings.
- Win/Loss Requirement: some promos apply whether your bet wins or loses, while others (like “second-chance bets”) only activate if your qualifying wager loses.
- Bonus Expiration: bonus funds typically expire within 7 days if not used.
- Market Restrictions: certain promos are valid only for specific sports, markets, or bet types.
- Payout Format: bonus bets themselves aren’t withdrawable — only winnings from bonus bets can be cashed out.
Before claiming any promotion, always read the full terms and conditions carefully so you understand exactly how the offer works and what’s required to unlock its value.
Responsible Sports Gambling Resources
- Sports betting should be fun, not stressful. If you feel like gambling is impacting your finances, relationships, or mental health, there are free and confidential resources that can help.
- The American Gaming Association (AGA) offers research, education, and resources to promote responsible gaming—learn more at www.americangaming.org/responsible-gaming.
- National Council on Problem Gambling (NCPG) – Call or text 1-800-GAMBLER or visit www.ncpgambling.org/chat for 24/7 support.
- Gamblers Anonymous – Peer support groups and recovery programs. Visit www.gamblersanonymous.org to find a meeting near you.
FAQs about Sportsbook Promos & Bonus Bets
Can I sign up for multiple welcome offers?
- Yes, you can claim one welcome offer per sportsbook, and many bettors sign up with multiple sportsbooks to take advantage of different promotions. However, you can’t claim multiple new-user offers from the same sportsbook using the same personal information.
What are bonus bets?
- Bonus bets are promotional credits sportsbooks give you to wager with — not actual cash. If you win a bet placed with bonus bets, you typically receive only the winnings, not the original stake.
Can I withdraw bonus bets?
- No. Bonus bets themselves cannot be withdrawn. You can only cash out the winnings generated from those bonus bets, once any wagering requirements are met.
What are the most common sportsbook bonuses?
- Bet & Get Offers– bet a set amount, receive bonus bets.
- Deposit Match Bonuses– sportsbook matches your first deposit up to a limit.
- First Bet Insurance– get your stake back (as bonus bets) if your first bet loses.
- Odds Boosts & Profit Boosts– enhanced payouts on specific wagers.
- Seasonal or Event Promos– tied to big games, tournaments, or launches.
What is first bet insurance?
- First bet insurance protects your first wager. If it loses, the sportsbook refunds your stake in bonus bets (sometimes up to $1,000 or more). If your first bet wins, you’re paid out normally.
What are “bet and get” offers?
- A bet and get offer gives you bonus bets after placing a qualifying wager. For example, “Bet $5, Get $200” means you place a $5 bet, and regardless of the outcome, the sportsbook awards $200 in bonus bets.
Do you need a promo code for a sportsbook promo?
- Sometimes. Some promotions are automatically applied when you sign up through a special link, while others require entering a promo code during registration or deposit. Always check the offer details to avoid missing out.
Where do I enter promo codes in the registration process?
- Most sportsbooks provide a designated field for promo codes during account creation or the initial deposit step. If you forget to enter a code, some operators allow you to add it afterward in the “Promotions” or “Account” section — but not all, so it’s best to enter it up front.
Gambling disclaimer: Only individuals aged 21 and over are permitted to gamble. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. Gambling is subject to local state regulation and is illegal in some states. Please gamble responsibly – information relating to responsible gambling can be found here.
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