Best Maryland Sportsbook Promos and Bonuses for October 2023

What sportsbooks are legal in Maryland?

Seven of 13 licensed online sportsbooks fully launched their Maryland sports betting apps on Nov. 23, 2022. Betfred Sports, betPARX, SuperBook, Fanatics Sportsbook, and Crab Sports all went live in 2023. 

Bally Bet will join the Maryland sports betting scene at a later date.

1. Bally Bet (coming soon)
   
   
2. Barstool Sportsbook
   
   
3. Betfred Sports
   
   
4. BetMGM
   
   
5. betPARX 
   
   
6. BetRivers
   
   
7. Caesars Sportsbook
   
   
8. Crab Sports
   
   
9. DraftKings
   
   
10. Fanatics Sportsbook
    
    
11. FanDuel
    
    
12. PointsBet
    
    
13. SuperBook

Quick facts: Maryland sports betting promos

Maryland sportsbook promo codes

Seven Maryland betting sites set their evergreen sportsbook welcome bonuses live on Wednesday, Nov. 23, 2022, at 9 a.m. ET. Today, bettors can claim sign-up offers from 12 legal MD sportsbooks. 

Keep tabs on the latest Maryland sportsbook promo codes right here:

1. Caesars Maryland welcome offer

Up to $1,000 on Caesars

Code: COVERSBONUS1000

Claim now

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 sports bettors a bet credit of up to $1,000. This offer requires Caesars Sportsbook promo code COVERSBONUS1000.

There are just a few more things to know before registration with Caesars Maryland:

• Make a bet of up to $1,000, and Caesars will refund the entire amount as a bet credit if you lose. 
  
  
• You must place your first wager within 30 days of registration.
  
  
• You'll receive your bet credit within two business days.
  
  
• The bet credit expires after 14 days. If the bet credit is not used, Caesars will void it and remove it from your account.
  
  
• If wagering $100.01 or more, the bet credit amount will always match the amount of your first real money wager, with a limit of $1,000. For instance, if you were to deposit and wager $1,950, you would only receive a $1,000 bonus bets 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:

A bet credit of up to $1,000 if first real money wager loses

You have 14 days to use your bet credit

Bet credit can only be used on a single wager

If your qualifying wager of over $100 wins, you don't get a bet credit

Bet credit cannot be withdrawn as real cash

What does $1,000 in bonus bets mean for you? 

Up to $1,000 on Caesars means more bang for your buck — a guaranteed redemption shot allows you to swing for the fences on your initial wager. 

How much money can you earn with up to $1,000 on Caesars?

If someone were to maximize this offer by wagering $1,000 in real money on a market with +300 odds and win, they'd garner $3,000. If the bet lost, they'd get their $1,000 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 $1,000 on an initial wager, Caesars should be your eventual sportsbook of choice.

2. BetMGM Maryland welcome offer

$1,500 in Bonus Bets

Code: COVERSBONUS

Claim now

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 up to $1,500 paid back in bonus bets.

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. Input BetMGM bonus code — COVERSBONUS — 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 bonus bets.
  
  
• The bonus bets are doled out as 20% denominations on wagers of $50 or more. So, should you bet the maximum $1,500, you will get five $300 bonus bets. A losing wager of $49 or less will result in a single bonus bet instead.
  
  
• Bonus 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:

Bonus bets paid out in five equal installments

Large maximum bet amount

Easy to redeem

Bonus bets cannot be withdrawn as cash

Each bonus bet cannot be spread across multiple wagers

No bonus if you win initial wager

What does $1,500 paid back in bonus bets mean for you? 

BetMGM's $1,500 paid back in bonus bets 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 $1,500 in bonus bets?

If you opt to wager the maximum $1,500 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 $1,500 surpasses a lot of new player offers from other Maryland sportsbooks. Distributing the bonus 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 + No Sweat SGP

Ends: 13 Nov

Claim Now

DraftKings is one of the market's premier online sports betting sites, largely due to its rotating cast of enticing promos and bonuses for users. Currently, new DraftKings Maryland customers can now make a $5 wager and get $200 in bonus bets plus a 'No Sweat' token every NFL gameday to use on a SGP/SGP+. No DraftKings promo code is needed.

Here are the details:

• Deposit and wager $5 on any sports market. DraftKings will release your $200 in bonus bets regardless of your wager's outcome. 
  
  
• The bonus is paid as eight $25 bonus bets.
  
  
• All bonus bets will expire after seven days (168 hours), so be sure to use the entire amount in your first week of betting with DraftKings.
  
  
• Bettors can also get a "No Sweat' token every eligible NFL gameday, up to three per week, to create a SGP/SGPx. Opt-in required and parlay must have a minimum of three bets. If the parlay loses, DraftKings will issue the stake back in bonus bets, up to $5 per parlay.
  
  
• This DraftKings Maryland promo will run until Nov. 13, 2023, at 11:59 p.m. ET.

Parse through our DraftKings Sportsbook review for more high-quality analysis. 

DraftKings promo pros and cons:

Receive $200 bonus should your bet win or lose

No minimum odds requirements

Straightforward terms and conditions

You can’t withdraw your $200 in bonus bets as cash

Less exciting for high rollers

Bonus bets expire in seven days

What does DraftKings "bet $5, get $200 in bonus bets" offer mean for you?

For just $5, new Maryland sports bettors can earn up to a $200 boost to their new DraftKings account plus the ability to place an NFL SGP/SGPx wager with confidence, knowing you'll be refunded if it falls short. With no misleading terms and conditions, this offer is both generous and easy to understand.

How much money can you earn with $200 in bonus bets from DraftKings?

Check out our odds calculator to see you much you can net with $200 in bonus bets from DraftKings Maryland. You can shoot for the stars with no odds restrictions or make a play for a smaller, more attainable win.

Why is this bonus better than the others?

DraftKings Maryland will instantly deposit $200 in bonus bets to your account after placing your first wager of $5, win or lose. We can’t think of a sportsbook welcome bonus with more straightforward terms.

4. FanDuel Maryland welcome offer

Bet $5, Get $200

Ends: 26 Oct

Claim Now

New FanDuel users in Maryland can claim $200 in bonus bets with the sportsbook's latest welcome offer.  No FanDuel promo code is required to claim this introductory offer in Maryland.

Here are some notable conditions of the FanDuel Maryland promo: 

• To secure the offer, new users must download the FanDuel app, one of Maryland's best sports betting apps.
  
  
• Deposit at least $10 and place a $5 wager on any sports market. Regardless of the result of the bet, FanDuel will give you $200 in bonus bets within 72 hours of placing the bet.
  
  
• You may divvy up your bonus bets and place them on multiple sports betting markets.
  
  
• You cannot withdraw bonus bets, and bonus amounts are not returned with winnings.
  
  
• You'll have seven days before your bonus expires. The offer is valid until Oct. 26, 2023.
  
  

Our exhaustive FanDuel Sportsbook review has more information about one of the top sportsbooks in the U.S.

FanDuel promo pros and cons:

$200 in bonus bets

Bonus bets eligible for any sports market

Bonus bets are not paid out as part of winnings

What does FanDuel's welcome offer mean for you?

FanDuel provides a new users an instant account boost following a successful qualifying deposit and real-money wager. The abilities to split the bonus up across multiple wagers also provides future betting flexibility. 

How much money can you earn with $200 in bonus bets?

This is all dependent on how much you are willing to wager, and how many wagers you want to spread the bonus funds across. For example, if you bet the entire $200 on the Washington Commanders with +200 odds and won, this would net you $400 in withdrawable winnings  (you can't withdraw the bonus amount). If you wanted to split the bonus and just wager $50 instead on the same odds, you would earn a $100 payout.

Why is this bonus better than the others?

We love the seven-day window and the ability to break the bonus bets into multiple wagers. This flexibility ensures you have ample time to identify your preferred bonus wagers regardless of what's due up on the sports calendar.

5. BetRivers Maryland welcome offer

$500 2nd Chance Bet

Code: COVERSBONUS

Claim now

Simple yet solid, BetRivers' current welcome offer is up to a $500 bonus bet. MD bettors can plug in the active BetRivers promo code — COVERSBONUS — 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 bonus bet.
  
  
• The bonus bet will appear in your account within 24 hours of your losing wager settling.
  
  
• The bonus 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:

Up to a $500 bonus bet

Lots of markets to use bonus bet on

Can withdraw funds after reinvesting bonus once

Odds restriction attached to bonus bet

Initial bet must lose to acquire promo

Bonus bet is non-withdrawable

What does 'Up to a $500 bonus bet from BetRivers' mean for you? 

Up to a $500 bonus 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 bonus bet?

Should you lose your initial wager, you'll be granted up to a $500 bonus 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 some competitors 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.

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