Best Maryland Sportsbook Promos and Bonuses for November 2022
Last Updated Nov 30, 2022, 7:40 PM ETEvergreen Maryland sports betting promos from some of the best sportsbooks in the U.S. went live at 9 a.m. ET on Nov. 23, 2022. We'll help you dissect your potential options in the guide below as new market entrants vie for a spot on our list of the best Maryland sportsbook promos.
What sportsbooks are legal in Maryland?
Seven of Maryland's 10 licensed online sportsbooks fully launched legal online sports betting operations on Nov. 23, 2022. BetFanatics, Betfred Sports, and betPARX will join the Maryland market at a later date. Bally Bet, Betway, and WynnBET could also go live in December 2022.
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Barstool Sportsbook
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BetFanatics
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Betfred Sports
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BetMGM
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betPARX
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BetRivers
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Caesars Sportsbook
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DraftKings
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FanDuel
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PointsBet
Quick facts: Maryland sports betting promos
| Online soft launch |
Nov. 21, 2022 |
| Online full launch |
Nov. 23, 2022 |
| Number of betting sites | 7 |
| Best bonus | Caesars Sportsbook |
| Online betting | Yes ✅ |
| Retail betting | Yes ✅ |
| College sports betting | Yes ✅ |
| Remote registration | Yes ✅ |
| Online casinos | No ❌ |
| Legal betting age | 21 |
Maryland sportsbook promo codes
Seven Maryland betting sites set their evergreen welcome bonus offers live on Wednesday, Nov. 23, 2022, at 9 a.m. ET.
Keep tabs on the latest Maryland sportsbook promo codes right here:
|
Sportsbook ✍ |
Welcome offer ⭐ |
Promo code ✅ |
|---|---|---|
|
$1,000 in first bet insurance |
No code required |
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|
Up to a $500 free bet |
SPORTS |
|
|
Up to $1,500 on Caesars |
COVERSPICS |
|
|
Bet $5, get $200 in free bets |
No code required |
|
|
Bet $5, get $200 in free bets |
No code required |
|
|
Up to $800 in free bets |
MC4X200 |
1. Caesars Maryland welcome offer
Up to $1,500 on Caesars
Code: COVERSPICS
Caesars Entertainment has been a household name within the gaming industry since 1937. Caesars Sportsbook launched its online sportsbook in Maryland in 2022 and made an immediate impact by offering MD bettors a free bet of up to $1,500. This offer requires Caesars Sportsbook promo code COVERSPICS.
There are just a few more things you need to know before registration becomes possible:
- Wager between $20 and $100 to receive a $100 free bet, win or lose. Make a larger bet of up to $1,500, and Caesars will refund the entire amount as a free bet if you lose.
- You must place your first wager within 30 days of registration.
- You'll receive your free bet within two business days.
- Use your free bet within 14 days. If the free bet is not used, Caesars will void it and remove if from your account.
- If wagering $100.01 or more, the free bet amount will always match the amount of your first real money wager, with a limit of $1,500. For instance, if you were to deposit and wager $1,950, you would only receive a $1,500 free bet if the bet lost.
Read our Caesars Sportsbook review to find out more about the sportsbook prior to its Maryland launch.
Caesars Sportsbook promo pros and cons:
Free bet can only be used on a single wagerIf your qualifying wager of over $100 wins, you don't get a free betFree bet cannot be withdrawn as real cashWhat does 'Up to $1,500 on Caesars' mean for you?
Up to $1,500 on Caesars means more bang for your buck — a guaranteed shot at redemption allows for the opportunity to swing for the fences on your initial wager.
How much money can you earn with up to $1,500 on Caesars?
If someone were to maximize this offer by wagering $1,500 in real money on a market with +330 odds and win, they'd garner $4,950. If the bet lost, they'd get their $1,500 reward to wager with again.
Why is this bonus better than the others?
Put simply: Caesars' current bonus is Maryland's most lucrative welcome offer. If you're comfortable with the idea of putting down as much as $1,500 on an initial wager, Caesars should be your eventual sportsbook of choice.
2. BetMGM Maryland welcome offer
$1,000 in first bet insurance
No code required
There aren't many sportsbooks as popular as BetMGM — which has signed lucrative endorsement deals with several athletes, including Wayne Gretzky and Connor McDavid. Luckily for Maryland bettors, the operator isn't all talk, backing up its flash with first bet insurance of up to $1,000.
As the march toward legal Maryland sports betting continues, you can take note of these key terms and conditions attached to the BetMGM offer:
- It will be vital for users to have legal verification on hand during registration to confirm their identity. You will not need a BetMGM promo code to access the bonus.
- Depositing at least $10 is necessary to be eligible for the promo.
- Only your first real money wager counts towards the bonus. If it wins, you keep the winnings. Should it lose, you'll receive your money back as free bets.
- The free bets are doled out as 20% denominations on wagers of $50 or more. So, should you bet the maximum $1,000, you will get five $200 free bets. A losing wager of $49 or less will result in a single free bet instead.
- Free bets will appear in your account within 24 hours of the failed qualifying wager and must be used within seven days.
Want to learn more about BetMGM Maryland? Read our complete BetMGM Sportsbook review.
BetMGM promo pros and cons:
Free bets cannot be withdrawn as cashFree bets expire after just seven daysNo bonus if you win initial wagerWhat does $1,000 in first bet insurance bet mean for you?
BetMGM's $1,000 in first bet insurance will start Maryland users off with a substantial safety net. If you make your first bet with longer odds and win it, you'll garner a significant profit. If you lose, you'll get a second chance at success. It's a nice early opportunity to reach beyond your comfort zone.
How much money can you earn with $1,000 in first bet insurance?
If you opt to wager the maximum $1,000 with your qualifying bet, it's best to back an underdog to try for a massive payout. The amount you can win will be connected directly to how big of an underdog you're willing to wager on. Should you lose, you'll have another opportunity to wager — on an underdog again or a safe favorite.
Why is this bonus better than the others?
Granting new users a refund of up to $1,000 surpasses a lot of welcome offers from other Maryland sportsbooks. Distributing the free bets on losing wagers of at least $50 in five equal chunks is also a great bit of added flexibility.
3. DraftKings Maryland welcome offer
Bet $5, get $200 in free bets
No code required
New DraftKings customers can now make a $5 and win $200 in free bets instantly. No DraftKings promo code is needed.
Here are the details:
- Deposit and wager $5 on any sport. DraftKings will release your $200 in free bets immediately.
- The bonus is paid as eight $25 free bets.
- All eight free bets will expire after seven days (168 hours), so be sure to use the entire amount in your first week of betting with DraftKings.
- This DraftKings Maryland promo will run until Dec. 30, 2022, at 11:59 p.m. ET.
Parse through our DraftKings Sportsbook review for more high-quality analysis.
DraftKings promo pros and cons:
You can’t withdraw your $200 in free bets as cashLess exciting for high rollersFree bets expire in seven daysWhat does DraftKings "bet $5, get $200 in free bets" mean for you?
For just $5, new Maryland sports bettors can guarantee themselves a $200 boost to their new DraftKings account. With no misleading terms and conditions, this offer is both generous and easy to understand and attain.
How much money can you earn with $200 in free bets from DraftKings?
Check out our odds calculator to see you much you can net with $200 in free bets from DraftKings Maryland. With no odds restrictions, you can shoot for the stars or make a play for a smaller, more attainable win.
Why is this bonus better than the others?
DraftKings Maryland will deposit $200 in free bets to your account instantly after you place your first wager of $5. We can’t think of a sportsbook welcome bonus with more straightforward terms.
4. FanDuel Maryland welcome offer
Bet $5, get $200 in free bets
No code required
FanDuel kicks things off in Maryland with $200 in free bets. Regardless of the outcome of your first bet with the sportsbook, FanDuel will add $200 in free bets to your brand-spanking new betting account. No FanDuel promo code is required to claim this introductory offer in Maryland.
Here are some notable conditions of the FanDuel MD promo:
- No FanDuel promo code is necessary to claim the sign-up offer, but you must download the FanDuel app to get started.
- Deposit at least $10 and make a $5 wager on any market. FanDuel will then add $200 in free bets to your account. If you win your $5 bet, you’ll receive your winnings within 72 hours.
- You may use your free bets on any sports betting market.
- Free bet amounts are not included in winnings. For example, if you use $20 of your free bet credit to win $25, you can only cash out the $25 in winnings (not the entire $45 return).
- This FanDuel Maryland promo will run until Dec. 18, 2022, at 2 p.m. ET.
Our exhaustive FanDuel Sportsbook review has more information about one of the top sportsbooks in the U.S.
FanDuel promo pros and cons:
Free bets are not paid out as part of winningsPrevious FanDuel offers more lucrativeWhat does a FanDuel's "bet $5, get $200 in free bets" offer mean for you?
Win or lose, FanDuel is gifting new Maryland bettors $200 in free bets when they sign up, download the FanDuel MD app, and place a $5 wager. Anytime you can deposit $10 and get started with a $200 bankroll, you’re doing ok.
How much money can you earn with $200 in bet credit from FanDuel?
If your aim is to double your bankroll, bet the entire $200 on odds of +200. This would net you $400 in withdrawable winnings.
If you’d rather not risk the entire amount on one wager, you can make a number of smaller bets. There are too many variables here to estimate the amount you could win, but doing so would reduce the risk involved with a single bet.
Why is this bonus better than the others?
FanDuel is giving you $200 in free bets in exchange for a $10 deposit. Your worst-case scenario is you lose the $10 you’ve invested, leaving you with a net gain of $190. For new bettors, few offers can compete with FanDuel’s.
5. BetRivers Maryland welcome offer
Up to a $500 free bet
Code: SPORTS
Simple yet solid, BetRivers' current welcome offer is up to a $500 free bet. MD bettors can plug in the active BetRivers promo code — SPORTS — to ensure they are eligible for this bonus.
Keep these things in mind while waiting for BetRivers to go live in Maryland:
- A first-time deposit of at least $10 is required to snag the promo.
- Should your initial wager go down in flames, BetRivers will reimburse your stake, up to $500, as a free bet.
- The free bet will appear in your account within 24 hours of your losing wager settling.
- The free bet is limited to wagers with final odds of -200 or longer.
- Bonus funds must be used within 30 days of receipt.
Look into our BetRivers Sportsbook review for additional expert insight.
BetRivers promo pros and cons:
Odds restriction attached to free betInitial bet must lose to acquire promoFree bet is non-withdrawableWhat does 'Up to a $500 free bet from BetRivers' mean for you?
Up to a $500 free bet from BetRivers means you'll have a safety net attached to your first wager. Two chances to quickly build your bankroll is nothing to sneeze at, even if the maximum value is lower when compared to some other Maryland sports betting promos.
How much money can you earn with up to a $500 free bet?
Should you lose your initial wager, you'll be granted up to a $500 free bet, depending on how much you bet. If you receive the full $500, you can place a safe wager on a favorite or try for more money via an underdog pick. There's even the possibility of risking it all on a multi-leg parlay, though that's a low-success move.
Why is this bonus better than the others?
Whether you're signing up for multiple sportsbooks or you want to start at one with a straightforward bonus, BetRivers' offer is worth claiming. A $500 maximum amount, while lower than what competitors like Caesars and FanDuel provide, is still plenty for burgeoning sports bettors.
Latest Maryland betting news
Most common Maryland sign-up bonuses
As your foray into Maryland betting promos continues, you'll quickly find that the three most common sportsbook sign-up bonuses offered by nearly every sportsbook are risk-free bets, initial deposit matches, and no deposit bonuses.
Risk-free bet
A risk-free bet is a wager that the sportsbook will match if it doesn't cash. For example, if you were to place a $400 risk-free bet on the Baltimore Orioles, you would receive $400 in free site credit if the O's were to lose. However, no bonus credit is awarded if the wager does win, and the promo is considered null. Risk-free bets are usually considered the most valuable sportsbook promo since you are guaranteed a second shot at a potentially large payout.
Deposit match
A deposit match is when the sportsbook equals your initial deposit in bonus funds. As an example, if you were to make a first deposit of $250 to a sportsbook running this promo, you would get an additional $250 in free bets for your bankroll. From there, you could combine your real cash and the site credit to make a more significant wager, like a $500 bet on the Baltimore Ravens.
No deposit bonus
A no deposit bonus is when a sportsbook awards a new user bonus funds without first requiring them to deposit real cash. This offer type is generally available during massively popular sporting events, such as March Madness and the Super Bowl. Sportsbooks do this to try and draw in prospective bettors, as more people engage with sports betting than usual during these events.
More Maryland betting resources
Maryland sportsbook promos and bonuses FAQs
Seven legal Maryland online sportsbooks launched on Nov. 23, 2022: Barstool Sportsbook, BetMGM, BetRivers, Caesars Sportsbook, DraftKings, FanDuel, and PointsBet.
Caesars Maryland promo code COVERSPICS is the top Maryland sportsbook promo code. This code locks in a free bet of up to $1,500.
There are six Maryland sports betting sign-up bonuses available to new sportsbook users. Claim sportsbook promos from Caesars Sportsbook, BetMGM, DraftKings, FanDuel, PointsBet, and BetRivers by clicking the links above.
Bonus abuse occurs when a single person makes multiple accounts with the same sportsbook to claim multiple sign-up bonuses. Each user is only allowed one account and one sign-up bonus with a sportsbook.
You must be 21 or older to claim any of the Maryland sportsbook bonuses mentioned above or make a legal wager.
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Joshua Howe is a sports betting editor at Covers, assisting experts in making smarter sports bettors. Prior to joining the team in 2021, the experienced writer and editor worked in a variety of industries, including sports, marketing, and publishing.
