Sportsbook promos and promo codes are the single best way for any new sports bettor to sign up with a new online betting site. By creating a new account with top-rated online sportsbooks like BetMGM, Caesars Sportsbook, DraftKings and others, you can claim thousands in welcome bonuses and promos. Below, you can find our top recommended offers and sports betting promos for May 2024, and how to claim them.
There are dozens of legal sports betting sites and sports betting apps, and most offer compelling sign-up bonuses to gain your attention. These sports betting promos offer new users bonus funds to start wagering with, simply by signing up with the available promo codes.
Ready to claim upwards of thousands in total bonus bets? Sign up with the best online sportsbooks today by using the featured sports betting offers on this page.
Each of these sportsbooks offers exclusive welcome bonuses for new customers, which typically involve matched bets or refunds if the initial wager loses. Several offer reward credits, loyalty points and bonus bets up to a certain limit, with some even providing refunds for unsuccessful first bets. Aside from these introductory offers, these sportsbooks also offer recurring promotions for existing customers such as odds boosts, profit boosts, referral bonuses, bet-and-get deals, contests, parlay insurances, free-to-play contests and early payout specials.
We've selected nine of the highest-rated sports betting promos, from the best sportsbooks, to review. Below, you will find key information on each exclusive offer, including how the promotion works, how to claim it and additional bonuses attached to each online sports betting site.
BetMGM
One of the largest and best sportsbooks online, BetMGM has garnered a reputation for itself of consistently offering strong sports betting bonuses while simultaneously operating a smooth betting interface and app. Access all the top betting odds from one central location and quickly access other key BetMGM Sportsbook features like loyalty rewards, referral bonuses, live streaming and all-user promos.
BetMGM Bonus Code
The BetMGM bonus code ROTOBONUS entitles you to a first-bet offer, worth up to $1,500. You can sign up and place a minimum $10 bet on any sport and BetMGM will provide you with up to $1,500 in bonus bets if the first bet loses. The bonus funds will have a 1x rollover requirement. You can click the featured BET NOW button linked below to instantly sign up with this offer.
Other Promotions at BetMGM
The odds boosts at BetMGM are called "Lion's Boosts." You will find them on the biggest sporting events of the week. It also provides one game parlay insurance, whereby you get your stake back if you miss one leg. The "Parlay Plus" bonus boosts payouts by up to 40% on winning parlays. You can also secure bet credits as a reward for placing certain wagers -- often referred to as bet and get deals -- and it runs a referral bonus too, so you will find a comprehensive array of ongoing sportsbook bonuses at BetMGM.
Caesars Sportsbook
Another staple of the online sports betting industry, Caesars Sportsbook is the go-to platform for sports bettors everywhere. Similar to BetMGM, Caesars Sportsbook is known for their easy-to-use betting app and plethora of in-app sportsbook bonuses. Their famous "Caesars Rewards" program is particularly impressive.
Caesars Sportsbook Promo Code
The Caesars Sportsbook promo code ROTO1000 provides new customers with a first bet on Caesars, up to $1,000. You will also receive 1,000 Caesars Rewards Credits and 1,000 Tier Credits for the loyalty program as part of the welcome package. To claim this bonus, click the link on this page, sign up for an account, make a deposit, and place a bet worth $10 or more on any sporting event.
If your first bet wins, you keep the money. If it loses, you get your money back as a bonus-bet token, up to a maximum of $1,000. That makes it one of the largest sign-up bonuses on the market at the moment. The bonus bets have a 1x rollover requirement, and you must use it all in one go, rather than dividing it up into smaller bets. Any profits you secure will go into your account balance.
Other Promotions at Caesars Sportsbook
Caesars Sportsbook offers more odds boosts each day than any other sportsbook. You will also find a range of additional sports betting promotions, which can be redeemed by existing customers on a recurring basis. They include profit boosts, a referral bonus, bet and get deals and prize draws. Visit the Caesars Sportsbook "Promotions" section to see which offers are available each week.
Fanatics Sportsbook
The newest online sportsbook to hit the scene, Fanatics Sportsbook is quickly looking to make a name for itself in the online sports betting industry. By pairing lucrative new-user bonuses with in-app streaming and real life rewards through their FanCash program, Fanatics Sportsbook has rapidly established itself as one of the top sports betting sites.
Fanatics Sportsbook Promo Code
Upon creating a new account with the Fanatics Sportsbook promo code below, new users will be able to unlock up to $1,000 in total bonus bets over their first ten days on the account. Place a $100 bet daily, for ten days, and Fanatics Sportsbook will match each of them. This brings your potential bonus bet total all the way up to $1,000.
Other Promotions at Fanatics Sportsbook
As mentioned previously, the exclusive "FanCash" rewards program is a main drawing point at Fanatics Sportsbook. On select bets and wagers, you can earn "FanCash" back in return. This FanCash can eventually be used to redeem real-life Fanatics apparel like team jerseys and hats. Fanatics Sportsbook also offers in-app streaming services on select sporting events.
FanDuel
Arguably the most popular online sportsbook in the US, FanDuel has a massive user-base and does an excellent job keeping things exciting with frequent all-user promos and boosts.
FanDuel Promo Code
One of the simplest sportsbook promos on the market right now, new users can unlock $150 in bonus bets with the FanDuel promo code offer You must make a first deposit of at least $10. You must also make a first bet of $5 or more. Then you get $150 in bonus bets if your first bet wins.
FanDuel regularly offers larger "No Sweat First Bet" offers in addition to this Bet $5, Win $150 promo. These are some of the best sports betting promos on the market, so it's always worth looking out for them.
Other Promotions on FanDuel
FanDuel offers existing customers a No Sweat same-game parlay bet each week on Thursday Night Football. There is a similar promotion for MLB bettors too. It runs free-to-play contests, such as the $1,000,000 Hi-Lo NFL tournament and the Swing For The Greens golf contest, along with sport-specific promos like Dinger Tuesdays for MLB fans. There is also a referral bonus, along with a variety of odds boosts each day.
DraftKings
Another extremely popular online betting site, DraftKings consistently offers sportsbook promos that award new users with instant bonus bets. Combine this with a streamlined mobile betting app experience, and it's no surprise that DraftKings is one of the most popular online sportsbooks.
DraftKings Promo Code
The DraftKings promo code offer for new customers is a Bet $5, Get $200 in bonus bets welcome offer. Simply sign up and place a $5 wager. Win or lose, you will receive $200 in instant bonus bets.
DraftKings Sportsbook regularly provides very appealing short-term sportsbook bonuses for new users just like this bet-and-get offer. The $200 in bonus bets are awarded instantly following the settlement of your initial $5 wager, split into six $25 bonus bets, each with a 1x rollover requirement.
Other Promotions on DraftKings
DraftKings Sportsbook runs daily free-to-play pools. You can make a series of predictions on a sports event, and the players with lots of correct answers rise to the top of the leaderboard. Hundreds of players earn bet credits as prizes in each contest. There is also a referral bonus, and it runs early payout specials on some NFL games.
bet365
New users can register with the bet365 bonus code to get a $1,000 First Bet Safety Net welcome offer. If your first bet loses, you get up to $1,000 in bonus bets.
Other Promotions at Bet365
There are various similar promotions each week. Be sure to check out the Bet365 promotions page so you do not miss out on these terrific ongoing bonuses and promos. You will find offers covering all of the major sports betting markets and events, including Super Bowl, the World Series, the World Cup and more.
Hard Rock Bet
Since its 2019 launch in New Jersey, Hard Rock Bet has swiftly become a top online sports betting platform. Under Hard Rock Digital's helm, it gained a devoted following for its competitive odds and $100 sign-up bonus with the Hard Rock Bet promo code. The current code offers new users a $100 First Bet Replay. Sign up, make a qualifying deposit and first bet, and if your initial bet loses, you'll receive bonus bets, equal to your stake, up to $100.
Other Promotions At Hard Rock Bet:
You will receive a broad array of additional promos at Hard Rock Bet. These include bet boosts as well as other exclusive ongoing bonuses and promos like same-game parlay boosts. Visit the Hard Rock Bet promotions page so you don't miss out on any of these generous offers you can take advantage of every day.
BetRivers
BetRivers offers new customers a 2nd Chance Bet, worth up to $500, with the BetRivers bonus code SPORTS. You just need to place a qualifying first bet, and if your bet settles as a loss, you get the money back as a bet credit, matching your initial wager, up to a maximum of $500.
This bet credit has just a 1x rollover requirement. You need to hit minimum odds of -200 when using the bet credit, but you can wager on any sport. You can claim as many sportsbook promo code bonuses as you'd like, so feel free to use the BetRivers welcome offer along with those from other top sportsbooks as well.
Other Promotions at BetRivers
BetRivers provides a very impressive array of recurring sportsbook promos. You will be offered plenty of profit boost tokens each week -- a 20% NFL boost, a 20% soccer boost, a 20% tennis boost, and so on. It also provides odds boosts, bet credit deals and contests, such as the $500,000 NFL Same Game Parlay tournament.
ESPN BET
ESPN BET, one of the latest additions to the sportsbook scene, is gaining favor among bettors. Its rising popularity can be attributed to competitive promotions, a user-friendly interface, responsive customer service, and swift payouts. ESPN BET presents lucrative opportunities, particularly through its impressive welcome promotion. New users who sign up and fund their accounts today using the ESPN BET promo code ROTO can seize $150 in bonus bets with a first bet of $10.
Other Promotions At ESPN Bet
ESPN BET has a slew of terrific ongoing bonuses and promos that both new and existing users can take advantage of daily. All you need to do is visit the betting app's promotions page to find out the best offers of the day.
These are the main types of sportsbook promos that you will be offered at online betting sites and apps:
First Bet Offers
Many online sportsbooks will give you first-bet offers when you register for an account. You normally need to wager at least $10 to qualify. The sportsbook will allow you to place a bet on any sporting event. If your wager wins, you keep the money and move on. If it loses, the sportsbook will give you a refund, matching the amount of your initial wager.
The refund is sometimes paid in cash, but it typically takes the form of bonus credit. You must then play the bonus credit through once, and any winnings you earn will be paid as cash into your general account balance. This is one of the most common sportsbook promotions.
Deposit Match Bonus
Some online sports betting sites offer to match a percentage of your first deposit with bonus funds.
You can normally divide the bet credit up into increments of your choosing, rather than using it all on a single wager. Any winnings you earn from wagers placed with the bonus credit will normally be paid as cash. Just make sure you check the rollover requirement attached to an online betting deposit bonus. Most only require a 1x playthrough, but some sportsbooks make you roll the funds over several times before cashing out.
Referral Bonuses
A referral bonus rewards you with site credit if you encourage your friends to sign up with your online sportsbook. You can ask for a unique referral code and send it to a friend. Your friend can paste that code into the designated box when signing up. When your friend makes a minimum first deposit, you will both be issued bonus bets.
Odds Boosts
Several online sportsbooks offer boosted odds on major sporting events as a short-term welcome bonus. For example, an NFL team might be priced at -150 to win a game, but the sportsbook will allow you to bet $5 at boosted odds of +4000 (40-to-1) on that team if you sign up for an account. Winnings will normally be paid out in site credit, which you must then play through once before cashing out.
Many sportsbooks also provide daily odds boosts for existing customers. Those odds boosts are far more modest, and they usually apply to parlays, props, and same game parlays. For example, you might be able to bet on the Brooklyn Nets to beat the Atlanta Hawks and Kevin Durant to score more than 28.5 points, boosted from +125 to +140. All winnings will be paid in cash. Caesars Sportsbook is the best sportsbook for odds boosts.
You can use sportsbook promo codes on many different sports and leagues. That could include niche table tennis or volleyball tournaments, but most bettors stick to the major leagues when using the best sportsbook bonus codes.
🏈 NFL
First-bet offers and deposit match bonuses can be used on NFL games. Most NFL sportsbooks launch lavish odds boosts during the season too, such as the Bet $5, Win $280 football betting promo codes that DraftKings and FanDuel provided for Super Bowl 56. BetMGM is a great option for NFL fans as well, as it allows you to specify your favorite team, and it then sends you tailored NFL betting promos for that team throughout the year. You can also take part in free-to-enter sportsbook contests offering six-figure or seven-figure prize pools at many of the top betting sites.
🏀 NBA
Online sportsbooks typically offer more than 100 betting options on each NBA game, giving you lots of options to use up your bonus credits. Caesars Sportsbook offers some of the best NBA betting promos. For example, it was recently giving away NBA jerseys to bettors that spent $100 or more on basketball bets.
⚾️ MLB
MLB is one of the most popular leagues among sports bettors. You can wager on a huge volume of games each year, and sportsbooks tend to make very slim margins on baseball. Any sports betting promos aimed at new customers, such as deposit match offers and bonus bets, can be used on MLB games. Sites such as FanDuel Sportsbook also offer appealing MLB betting promos for existing customers, such as the Dinger Tuesday bonus offer.
🏒 NHL
Most sites offer NHL betting promos specifically designed for hockey fans. For example, BetRivers offers a 20% profit boost on live NHL wagers for all customers. Any welcome bonus funds can also be used on NHL games, and you will find regular NHL odds boosts at many sportsbooks.
🏆 College Sports
College sports betting laws vary on a state-by-state basis. Many states forbid prop bets on college games, while some prohibit wagering on games featuring teams based in the state. However, most states allow some form of college sports betting, and you can find various bonuses for NCAAF and NCAAB games. The biggest event is March Madness. During this event, some of the best sportsbook promo codes reward players for making correct bracket predictions. You can find access to exclusive college football betting promos and college basketball betting promos at many of the online sportsbooks mentioned on this page.
🥊 MMA
With UFC Pay Per View events taking place year round, MMA betting has become a go-to option for sports fans everywhere. Some MMA betting promos will go as far as offering the ability to stream the event that you are signing up to wager on. For example, DraftKings ran a promotion around UFC 300 that gave bettors the chance to watch the PPV event for free after making a minimum wager.
⛳️ Golf
With PGA Tournament events happening practically all year long, it is no surprise that betting on golf odds has become quite popular over the past few years. Signing up with some of the best golf betting promos and sportsbook promo codes is an excellent way to get in on the action and wager on top golfers like Rory McIlory, Scottie Scheffler and Tiger Woods
Signing up and claiming some of the best sportsbook promos is easy. All you have to do is follow the simple step-by-step instructions below, and you will be off and running with up to thousands in exclusive bonus bets.
1. Choose a Sports Betting Promo
Select a sportsbook promo code that fits what you are looking for. It is important to take into consideration things like minimum deposits, bonus bet amount and which US states the sportsbook is active in. It is also important to note that you can sign up with multiple of the best sportsbook promotions at a time.
2. Create a New Sportsbook Account
Once you have chosen which sportsbook(s) you want to sign up with, click on the BET NOW button located next to its name. This will take you to the betting site's new user registration portal, and will automatically apply the respective promo code to your account.
3. Enter Account Details & Registration Information
Enter required account information and details like name, date of birth, last four digits of your SSN, etc. Some sportsbooks will ask you to upload some sort of supporting document, like your driver's license for example.
4. Make a Minimum Deposit
Once your account has been verified, you will be able to connect the payment method of your choosing. Most of the online sportsbooks mentioned on this page have been consistently ranked as the best credit card betting sites and PayPal betting sites, so those are two easy banking methods you will likely be able to use to make said minimum deposit. Most sites require an initial deposit between $5 to $10.
5. Claim Your Sportsbook Bonus
Once you have filled out your account information and satisfied the minimum deposit requirement, you can now secure your new-user sports betting promo. Deposit matches will be filled immediately, while first-bet offers and "Bet and Get" promotions require you to make an initial cash wager on eligible odds.
You generally need to make a minimum deposit to qualify for sportsbook promo codes. It varies from one site to the next.
Rollover Requirement
Rollover requirements tell you how many times you need to play the bonus funds through before cashing out. For example, if you receive $100 in bonus funds and there is a 1x rollover requirement, you only need to place $100 worth of wagers before withdrawing.
Minimum Odds
There may be a minimum odds requirement on sign-up bonuses and additional sportsbook bonuses. For example, you may need to place a qualifying wager at odds of -125 or greater to earn the bonus funds. You may also find a minimum odds requirement on those bonus funds.
Date of Expiration
Any funds you receive from online betting promo codes will come with an expiration date. If you do not complete the wagering requirements in that time, the bonus funds will be forfeited and removed from your account.
Cash Out
The cash out option allows you to exit an open wager before the game or wager has finished or settled. Most sportsbook promos stipulate that you cannot cash out bets placed with bonus funds when completing rollover requirements. When all the rollover requirements attached to the best sportsbook promo codes have been completed, you can request a cash withdrawal.
Now that you have a firm grasp on all the ins and outs to the best sportsbook promos on the market, you can begin signing up with the offers of your choosing, and can start placing bets on the most popular betting markets; including NFL, NBA, MLB, college football and more.
Simply click on the BET NOW button next to the sportsbook promo (or promos) of your choosing below. Register for a new account, make an initial deposit and place a first-time wager to secure your bonus amount today.
A sportsbook sign-up bonus will only be available for new customers, but you should find lots of additional sports betting bonuses for existing customers too. You can head to the sportsbook website or mobile app to check out the best sportsbook promotions available at any time.
What Sportsbooks Have the Best Promotions?
+
Some of the best sports betting promotions on the market can be found at top-rated online sportsbooks like BetMGM, Caesars Sportsbook, DraftKIngs and FanDuel. You can also look at Fanatics Sportsbook -- the most recent sports betting site to launch.
Can I Only Redeem a Sports Betting Promo Code Once?
+
Sports betting sign-up promo codes can only be used once. However, you should benefit from a range of ongoing sports betting promos on the top sportsbooks too. Additional bonuses for existing customers include first-bet offers, parlay offers, odds boosts and bet and get deals.
Which Sports Can I Use Sports Betting Promos On?
+
You can generally use the best sportsbook promo codes on any sports you'd like. There are some specific football betting promos, and certain sportsbook promotions are specific to basketball, baseball or hockey, but most promos can be used on any sporting event. NFL, NBA, MLB, NHL, NCAAF, NCAAB, MMA and golf are the most popular sports to wager on.
When Should You Use a Sportsbook Promo Code?
+
You should activate sportsbook promo codes immediately if you find sign-up bonuses that appeal to you. Sportsbooks change their welcome offers on a reasonably regular basis, so you may want to claim an online deposit bonus or odds boost before it expires. You will also have a specific period of time in which to use sportsbook bonus funds, so make sure you place your bets in time.
Which States Are Set to Launch Online Sports Betting?
+
Currently, there are no impending state launches set for 2024. Based on how the legislative process plays out over the next couple of months, it is possible we see several new states legalize sports betting in 2025. The latest state to legalize sports betting was North Carolina back in March 2024, which saw the arrival of several North Carolina sportsbook promos.
Why Do Sportsbooks Offer Promo Codes?
+
Lots of ambitious online sportsbooks are competing for your business. They must then offer a reason for you to remain loyal to the brand rather than migrate to a rival online betting site. Most online sportsbooks invest in eye-catching welcome bonuses as their primary means of standing out from the crowd.
Which Betting Site Gives the Highest Bonus?
+
Currently, BetMGM's $1,500 first-bet offer is the highest bonus available at an online sportsbook. This promotion can be claimed by creating a new BetMGM Sportsbook account using promo code ROTOBONUS.
Martin Green spent five years working at William Hill before becoming a journalist in 2009. He began working as a sports writer and professional sports handicapper and sportsbook reviewer in 2014.
@MartinWGreen