Best Sportsbook Promos | Best Bet Deals of May 2024
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Last Updated: Explore the best sportsbook promotions available to U.S. customers in 2024, all of which have been reviewed and approved by betting experts. Learn how to redeem bet deal offers to maximize the value of your wagering.
Best Sportsbook Promos for May 2024
Our betting bonus reviews are based entirely on accuracy and transparency as we rigorously assess all sportsbook promotions to ensure they adhere to strict fairness and reliability standards. Committed to user well-being, Gambling.com always promotes responsible gambling practices with all betting sites, offering tools like deposit limits and self-exclusion options.
Best Betting Promos Menu
Best Betting Offers Live in Your State
- 1
Established 2022Must be 21+ to participate. T&Cs apply. Play Responsibly. Gambling problem? Call 1-800-522-4700, CT (888) 789-7777, IA 1-800-BETS-OFF, MA (800)-327-5050, VA 1-888-532-3500Well-known Sports Apparel CompanyPrior Experience With Banking & PurchasesOwned & Backed By Billionaire, Michael Rubinnot requiredPromo Code
The code required to claim this sign-up bonus (if any)Live Streaming
Is there live streaming of sporting events?NoIn-Play Betting
The number of sports with in-play betting available9Bet Builder
Can you create your own personalised bets?YesCash Out
Can you cash out of bets before an event has finished?YesiOS AppYesFanatics CEO Michael Rubin has assembled an impressive team for the company's sports betting project, including former FanDuel CEO, Matt King. The brand has announced plans to legally launch in all available states, including Ohio. - 2
Established 2013Must be 21+ and present in OH. New users and first wager only. Must register with eligible promo code. Maximum bet credit $1,000. Must be used within 14 days of receipt. See Caesars.com/promos for full terms. Void where prohibited. Know When To Stop Before You Start.® Gambling problem? Call 1-800-GAMBLER - 3
Established 2001Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Must be 21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER - 4
Established 2018Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate & present in OH. In partnership with MGM Northfield Park. Gambling problem? Call 1-800-GAMBLER. Visit BetMGM.com for T&Cs. US promotional offers not available in NY, NV, or Puerto Rico. - 5
Established 2012Must be 21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER. - 6
Established 2009Must be 21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER - 7
Established 2006Must be 21+ to participate & present in Ohio. Must be a new verified Betway customer. Gambling Problem? Call 1-800-GAMBLER. - 8
Established 2020Must be 21+ to participate. T&Cs apply.
How We Rate & Review the Best Bet Deals
- Value: We consider overall value by assessing size of bonus bets, the range of markets available, and how attractive the deposit bonuses are. We focus on how these elements contribute to a rewarding betting experience, ensuring that promotions offer genuine benefits and meet the needs of all bettors, from novices to seasoned gamblers.
- Usability: We rate how user-friendly each of these promotions is, as well as the variety of markets available for these offers. We focus on how easily bettors can access and use promotions, including availability across different betting options.
- Terms & Conditions: The clarity and fairness of conditions influence our sports betting sign up bonus ratings. We analyze the fine print, assessing wagering requirements, time limits, and eligibility criteria.
- Ongoing Online Betting Offers: After initial sign-up, we evaluate the consistency and quality of sportsbook promotions provided to existing customers. This includes regular bonuses, loyalty rewards, and special event promotions. Sportsbooks that actively support and reward their customer base with continuous offers provide added value for bettors over time.
Best New Sportsbook Bonus
The Fanatics Sportsbook promo is one of the newest available for sports bettors around the country. Fanatics began launching its promotions in earnest at the end of 2023 and continues to roll them out as one of the new betting sites available in the U.S.
The "Bet $100, Get $100 Every Day for 10 Days" offer provides substantial flexibility and value over the first ten days of betting, allowing bettors more time to take advantage of this great offer.
| Sign Up Bonus: | Bet & Get up to $1K |
| Promo Code: | No Code Required |
| States Eligible: | AZ, CO, IA, IL, IN, KS, KY, MD, MI, NC, OH, TN, VA, WV, CT, MA, NY, PA, VT |
Best Bonus Bets
The DraftKings Sportsbook promo offers new users the opportunity to bet up to $1,500 with a No Sweat Bet bonus. If your first bet loses, you'll receive your initial wager back in the form of bonus bets. But remember, these bonus bets are only valid for seven days, meaning you need to act quickly in order to make the most of this offer.
| Sign Up Bonus: | $200 in Bonus Bets |
| Promo Code: | No Code Required |
| States Eligible: | AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NH, NJ, NY, NC, OH, OR, PA, TN, VA, VT, WV, WY |
Best Sportsbook Promos In-App
Take advantage of the Caesars Sportsbook promo code for new users: "Bet $1,000, Get $1,000" first bet match, which is a perfect opportunity to make the most of Caesars’ app-exclusive microbets and other live betting options.
Caesars Sportsbook boasts a number of in-app promotions while also offering simplicity and accessibility on most mobile devices.
I believe this is a huge advantage when it comes to live sports wagering since you’re able to stream events live to your sports betting app either at home or on the go.
| Sign Up Bonus: | $1K First Bet Refund |
| Promo Code: | GAMBLING1000 |
| States Eligible: | AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NJ, NY, NC, OH, PA, TN, VA, WV, WY |
Best Betting Promo Code for Deposit Bonus
No U.S. sportsbooks currently offer a no-deposit sign-up bonus, as most require a minimum deposit to unlock promotions.
However, many provide appealing first-time deposit bonuses or bonus bets. The best such offer is the BetMGM bonus code which is good for a $1.5K First Bet Refund.
BetMGM's first bet refund offers new customers a remarkable advantage by covering their initial bet up to $1,500 if it doesn't win—adding great peace of mind and an extra level of security.
| Sign Up Bonus: | $1.5K First Bet Refund |
| Promo Code: | GAMBLINGCOM |
| States Eligible: | AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, NC, OH, PA, TN, WV, WY |
Best Betting Promo Code for Exchanges
Sporttrade combines stock-exchange principles with the excitement of sports betting, enabling users to set lines and trade outcomes in real time. The result is a unique exchange betting site experience, allowing you more control over your bets with the potential to win cash rewards.
Sign up with Sporttrade promo code GAMBL to receive up to $300 in cash back during your first week with 3% cash back offer on every wager.
| Sign Up Bonus: | $300 Cash Back |
| Promo Code: | GAMBL |
| States Eligible: | IA, NJ, CO |
Best Sportsbook Welcome Bonus for NFL
The FanDuel promo allows new customers to bet $5 and receive $150 in bonus bets, regardless of whether your initial wager wins or loses.
No promo code is required, and all you need to do is make an initial deposit of at least $10 and place your first bet of $5 or more on any sports market.
This is a particularly appealing offer for NFL betting site fans as FanDuel allows customers to stream live games directly to their mobile devices, allowing you to keep up with all the action wherever you are. FanDuel also offers a free-to-enter NFL fantasy game, making this initial sign-up offer one of the most attractive NFL sportsbook promos.
| Sign Up Bonus: | $150 in Bonus Bets |
| Promo Code: | No Code Required |
| States Eligible: | AZ, CO, CT, IA, IL, IN, KS, KY LA, MI, NJ, NY, OH, PA, TN, VA, WV, WY |
Best Betting Promo Code for MLB
The bet365 sign-up bonus of a $1K First Bet Refund is one of the best to use for MLB, thanks to live streaming of selected games available via the mobile app.
The offer provides new users with a safety net of up to $1,000 on their first bet, ideal for fans of baseball. If the initial wager loses, the amount is refunded in bonus bets allowing a risk-free first bet for new customers.
With competitive odds and an easy-to-use app, not to mention runline and parlay options for all MLB games, this promo is a natural choice for fans looking for a top-notch MLB betting site.
| Sign Up Bonus: | $1K First Bet Refund |
| Promo Code: | GAMBLING |
| States Eligible: | AZ, CO, IA, IN, KY, LA, NC, NJ, OH, VA |
Best Sportsbook Bonus for NBA
Fans can take their pick from a wide range of NBA betting site markets available with the new-customer Hard Rock Bet promo for a $100 First Bet Refund.
This means if your initial bet up to $100 loses, you receive a refund in the form of bonus bets, allowing a worry-free attempt to win. No promo code is required.
Whether you win or lose your first bet with this promo, you can still take advantage of Hard Rock Bet’s competitive NBA odds and betting types as you continue to wager.
| Sign Up Bonus: | $100 First Bet Refund |
| Promo Code: | No Code Required |
| States Eligible: | AZ, FL, IN, NJ, OH, TN, VA |
Best Sportsbook Bonus for NHL
The Betway bonus for new users offers a choice of either a $250 First Bet Refund or $150 in Bonus Bets.
New customers can benefit from a refund up to $250 if their first bet loses or simply receive $150 in bonus bets without needing to place (or lose) a bet.
Betway’s sign-up bonus is perfect for NHL betting site fans since you can access live streams of NHL games, cash out early on select hockey games around the world and enjoy NHL specials and prop bets.
| Sign Up Bonus: | $250 First Bet Refund or $150 in Bonus Bets |
| Promo Code: | No Code Required |
| States Eligible: | AZ, CO, IA, LA, NJ, OH, PA, VA |
Best Betting Promo Code for Soccer
The current BetRivers bonus code offers a $100 First Bet Refund for new customers. If your first wager loses, they will refund the amount up to $100 in the form of bonus bets.
To qualify, all you need to sign up, make a deposit, and place your initial wager. If the bet loses, you receive a refund, so you can bet with confidence.
This promo is an excellent choice for soccer fans, offering an extensive selection of betting markets for all significant games, particularly the English Premier League.
This soccer betting site also features early cash-out options on certain matchups not to mention live-betting, moneylines, parlays and player specials for Bundesliga, Serie A, La Liga and many more top leagues around the world.
| Sign Up Bonus: | $100 First Bet Refund |
| Promo Code: | GAMBLING |
| States Eligible: | AZ, CO, IN, IA, IL, LA, MD, MI, NJ, NY, OH, PA, VA, WV |
Best Betting Promo Code for College Football
New customers who place their qualifying bet with the ClutchBet promo will receive a 100% bet match up to $250 in non-withdrawable bonus bets paid over five weeks.
You will instantly receive 20% of the bonus after which you must repeat this process for four more weeks to continue receiving bonus bets.
What’s more, there is no promo code required for this sign-up offer.
With a comprehensive range of odds, along with generous boosts and promotions, using ClutchBet’s new-user promotion means access to a host of markets to satisfy the most eager of college football betting site users.
| Sign Up Bonus: | 100% Bet Match up to $250 |
| Promo Code: | CLUTCH250 |
| States Eligible: | CO, IA, LA |
Other Sports Betting Promos
- ESPN BET Promo: $1K First Bet Refund
- Tipico Bonus: $10 Bonus with Tipico Play+
- BetFred Promo: $105 First Bet Refund
- Bally Bet Promo: $150 in Bonus Bets
Best Betting Offers by State
Welcome offers and existing promotions can vary by state. Click through below to see the offers currently available in your state. If your state isn't listed, sports betting may not be legal yet. To learn more about the legal status and regulations of your state, check out our legal states tracker.
| State | Type of Promos |
|---|---|
| Arizona Betting Promos | Sportsbook |
| California Betting Promos | DFS/Sweepstakes |
| Illinois Betting Promos | Sportsbook |
| Kansas Betting Promos | Sportsbook |
| Kentucky Betting Promos | Sportsbook |
| Maine Betting Promos | DFS/Sweepstakes |
| Maryland Betting Promos | Sportsbook |
| Massachusetts Betting Promos | Sportsbook |
| Michigan Betting Promos | Sportsbook |
| Mississippi Betting Promos | Sportsbook |
| New Jersey Betting Promos | Sportsbook |
| New York Betting Promos | Sportsbook |
| North Carolina Betting Promos | Sportsbook |
| Ohio Betting Promos | Sportsbook |
| Pennsylvania Betting Promos | Sportsbook |
| Vermont Betting Promos | Sportsbook |
| Virginia Betting Promos | Sportsbook |
Best Betting Promo Code for Maryland
For residents of and visitors to Maryland, there’s an in-state-only bonus that’s worth your attention. The Crab Sports promo offers a tempting sign-up bonus for new customers: a $500 First Bet Insurance.
The way it works is you place your first bet of up to $500 and if it loses, Crab Sports will refund it in the form of bonus bets up to $500. This offer helps Crab Sports rank as one of the best Maryland sportsbooks available.
These bonus bets are awarded in $25 increments and must be used on minimum -120 odds. It's important to note that the bonus bets cannot be withdrawn, and any winnings from these bets are capped at twice the stake amount.
| Sign Up Bonus: | $500 First Bet Insurance |
| Promo Code: | GAMB |
| States Eligible: | MD |
Best Betting Promo Code for New Jersey
New customers in the Garden State using the Borgata promo code GDCBONUS will receive $100 in bonus bets after you place just a single $20 real-money wager. All you need to do is place your first bet of at least $20, and Borgata will give you $100 in bonus bets immediately after your initial wager.
It’s not just new customers who benefit from Borgata’s offers; existing customers to this New Jersey sportsbook this also have the chance to earn up to $100 in bonus bets each week.
| Sign Up Bonus: | $100 in Bonus Bets |
| Promo Code: | GDCBONUS |
| States Eligible: | NJ |
Types of Bet Deals
Nearly all types of bet deals are awarded in the form of bonus bets. Bonus bets are site credits that allow users to place a wager without risking their own money. They are typically awarded as part of promotions such as sign-up bonuses, loyalty rewards, or special offers.
To receive bonus bets, users usually need to meet certain criteria, like making a deposit or placing a qualifying wager. Once awarded, a bonus bet can be used to place bets. If your bet is successful, the bonus bet isn’t returned with any cash winnings; only the profit made from the bet is added to your account.
Players will typically be able to view any bonus bets they've acquired alongside their regular balance in their account. Available bonus bets should appear when they launch the betting slip, allowing them to toggle between bonus credit and real cash.
Once the profits from your bonus bet have been credited, you'll be able to withdraw them as cash providing there are no wagering requirements attached.
If wagering is necessary, you'll need to bet the amount a number of times before the restrictions are cleared. It is here that favorite betting becomes more viable, as you're not looking to maximize your profits, but rather wager your bonus while minimizing losses.
Disclaimer: Bonus bets and similar offers are not without requirements. As even no deposit bonus betting typically requires you to complete certain bonus bet conditions before your profits can be redeemed as cash, players are advised to always read the promotion's terms before claiming.
Welcome Bonus
Sportsbooks offer special sign-up welcome bonuses exclusively available to new users designed to enhance their initial betting experience.
These come in the form of "bet-and-get" bonuses, where you receive a bonus bet after placing your first wager, and "first bet refunds," which refund your stake (up to a certain amount) if your initial bet loses.
These provide a safer introduction to sports betting by reducing the risk associated with your first bets and increasing your potential to explore various betting options.
No Deposit Bonus
Some sports betting apps and sites offer bonus bets before you even deposit any of your own cash into your account. If you claim this betting offer, bonus credits will be made available in your account immediately, though you'll still need to fulfill certain requirements to be able to withdraw those funds.
Deposit Bonus
Deposit bonuses are offered by sportsbooks to provide additional funds based on the amount you deposit. One such incentive is a deposit-match bonus, where the sportsbook matches a percentage of your deposit with bonus funds, up to a certain limit.
For example, a 100% deposit match up to $200 means if you deposit $200, you receive an additional $200 from the sportsbook as a bonus deposited in your account.
Alternatively, a no-deposit bonus does not require any initial deposit to activate; instead, the sportsbook provides a bonus simply for signing up or creating an account. This allows new users to start betting without any upfront investment of their own.
Bet Insurance
Sportsbooks offer bet insurance to provide a safety net for your wagers. They are often applied to higher-risk bets such as parlays. If you qualify for bet insurance and your parlay loses by missing only one selection, the sportsbook will refund your stake, usually in the form of bonus bets or site credits.
This type of insurance is designed to minimize your risk. They will often appeal to bettors who enjoy the higher potential payouts that come with parlays or multi-leg bets.
Referral Bonus
Referral bonuses encourage current users to invite friends to open an account.
When a current user refers a new customer, who then signs up and meets specific criteria, both parties will usually receive a bonus in the form of bonus bets or other rewards.
Odds Boosts
Odds boosts increase the potential payout on specific bets. These boosts enhance the odds beyond their usual level, providing a greater return on a winning bet. Odds boosts attract bettors by offering more value and a higher potential profit on certain games, matches or events.
Reload Bonuses
Reload bonuses encourage existing customers to add funds to their accounts. Unlike welcome bonuses, reload bonuses can be claimed multiple times.
Typically, these bonuses match a percentage of a deposit; for example, a 50% reload bonus on a $100 deposit provides an extra $50 in bonus bets.
Terms & Conditions for Betting Promotions
Minimum Deposit
Some sportsbook promotions require a minimum deposit before you qualify for the offer, ensuring you commit a specified amount to your account. They are designed to encourage active participation.
This amount varies by sportsbook and by promotion.
Minimum Bet
Some sportsbook sign-up offers stipulate that a minimum bet amount must be wagered to qualify, ensuring bettors place a specific stake on their bets.
The exact amount required for the minimum bet varies across different promotions and sportsbooks.
Minimum Odds
Some sportsbook sign-up promotions specify that your wager must fall within a certain odds range in order to qualify for the bonus.
This condition is designed to ensure that bets meet a minimum risk level, preventing bettors from only placing extremely safe bets to claim bonuses.
These odds are usually set out as a minimum value (e.g., +200), and bets placed must have odds equal to or exceeding this figure in order to qualify for the promotion.
Expiration Date
Sportsbook promotions are often time-sensitive, available only within a specified betting window. Similarly, bonus bets awarded as part of these promotions come with expiration dates.
Bettors must use these bonuses within the designated timeframe, outlined in the terms and conditions, to take full advantage of the offer before it expires.
Playthrough
Playthrough is a condition set by sportsbooks for withdrawing bonus bets. It often stipulates that a bettor must wager a specified amount of times before any winnings can be withdrawn.
This ensures that the bonus funds are used for the sole purpose of betting rather than being immediately cashed out or withdrawn. Fortunately, bonus bets typically only have 1-3x playthrough requirements, but you should always read the terms & conditions for each sportsbook's bonus credits to make sure.
How to Enter Sportsbook Promo Codes
Using a promo code for a sportsbook can allow access to promotional offers such as bonus bets, deposit matches, or enhanced odds.
Here's a step-by-step guide on how to use a promo code:
- Choose the Right Promo Code: Start by selecting the most beneficial promo code from our curated list for your betting strategy. Promo codes vary by offer, so choose one that aligns with the games or events you are interested in.
- Create an Account: If you are a new user, you'll need to create an account on the sportsbook's website or mobile app. During the sign-up process, look for a field labeled "Promo Code" or "Bonus Code."
- Enter the Promo Code: Enter the promo code exactly as it appears. Remember that promo codes are often case-sensitive.
- Make a Qualifying Deposit or Bet: Make a deposit or place a specific bet if required to activate the bonus. Ensure you meet the minimum deposit or betting requirements specified in the terms and conditions.
- Check Activation: After entering the promo code and meeting all requirements, confirm that the bonus has been activated. It usually appears in your account balance or under a dedicated bonuses section.
- Contact Support if Needed: If the promo code does not work or the bonus fails to activate, contact the sportsbook's customer support team, who will assist you with any issues you may have.
Claiming Sportsbook Offers Without a Promo Code
Some sportsbook offers do not require a promo code to be entered. Here, I look at how to claim those offers:
- Visit the Promotions Page: Browse the sportsbook's promotions page to find available offers. These promotions are typically activated through a simple opt-in button or by fulfilling specific betting conditions.
- Opt-In for the Offer: For offers without a promo code, there may be an opt-in button you must click to participate. This button confirms your interest and activates the offer upon meeting the requirements.
- Fulfill the Offer Conditions: Like with promo code offers, these promotions may still require a minimum deposit or bet, so ensure you meet these conditions.
- Monitor Your Account: After opting in and meeting the necessary conditions, monitor your account to ensure the bonus is applied correctly.
- Contact Support if Needed: Once again, if the bonus fails to activate, reach out to the sportsbook's customer support team who will be able to assist you further.
How to Make the Most of Bet Deals
Your ultimate goal should always be to maximize profits. As such, it's important to see bonus bets as a way to enhance your bank roll and use them effectively. This requires initially picking a market that will allow you to realize the full value of your bonus bet, then pivoting to a more conservative approach when completing any playthrough requirements.
- Read the terms & conditions and ensure you're able to meet any wagering requirements.
- Choose plus-odds markets to realize the full value your bonus bets offer.
- Take the shortest odds possible while clearing bonus turnover.
- If you're a more advanced better who really wants to get the maximum return from your bonus bets, you may want to consider using your own money to lay them on a betting exchange.
Calculate Bonus Bets
Theoretically, the best use of bonus bets is to wager at plus money, as the fact that the bonus stake is forfeited already eats into your overall returns. In reality, this is often a necessity as most sportsbooks won't let you use a bonus bet on a heavy favorite.
That said, one of the best ways to maximize your returns for a bonus bet is to use a betting exchange to lay the outcome.
Using this method, you'll have to put up some of your own cash to cover the other side of your bonus bet by wagering on the opposite outcome, but the idea is that given one side of your bet is essentially without cost, you should be able to find an odds match that ensures a profit either way.
As you can see from the table above, using bonus bets to wager on favorites will only ever return less than the value of the bonus bet itself.
As the bonus stake is forfeited (represented by the "-$100" amount here), it's not until we hit odds of +100 that we are able to realize the full value of the offer and we must go beyond that to increase it.
While we don't technically lose anything if our bet is unsuccessful, betting on favorites essentially makes our bonus bets worth less in theory, so should be avoided (where available) unless we want to lock-in a more likely smaller win.
Reduce Risk
If the best way to use bonus bets is to select markets with odds that offer the best expected value, it should naturally follow that the best way to play them through is to reduce your risk.
As players' goal while turning over their bonus bet profits should be to protect them as much as possible rather than add to them, choosing low-risk, low-reward markets is often the safest way to ensure they end up with something to withdraw.
Even though some sportsbooks place minimum odds requirements on bonus bet playthroughs, players should still focus on trying to find lower-variance bets when using betting bonuses.
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