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Best sportsbook promotions explained {{bonus/bet365/primary/bonus_code/us/new-jersey}} H2 TEST

We relied on more than 100 combined years of betting expertise to thoroughly assess every legal online betting site operating within the United States to bring you the top seven new-user sportsbook promos you can claim in 2026, which we've highlighted below: {{bonus/bet365/primary/bonus_code/us/new-jersey}}

1. DraftKings

$200

CODE: $200

Who it's for

We recommend this DraftKings Sportsbook welcome offer to any sports bettor because, similar to most ‘bet and get’ promos, it ensures future wagering flexibility, which is something that we target when making the list of the best sportsbook promos. You can use your eight bonus bets on eight future wagers, resulting in a potentially lucrative return on your initial $5 investment. The one-month trial of NFL+ Premium, valued at $14.99, is also a nice perk for football fans.

Bonus terms and conditions

No DraftKings promo code is required to secure this offer.

Make a minimum deposit and wager of $5.

Win or lose, you will receive $200 in bonus bets and a promo code for one month of NFL+ Premium from DraftKings instantly. 

The bonus is not included in any future winnings.

Your bonus funds are valid for seven days (168 hours) after issuance.

 This Covers-verified DraftKings Sportsbook promo expires at 11:59 p.m. ET on Aug. 29, 2024.

Covers BetSmart Rating: ⭐ 4.7/5

Bonuses and promotions	⭐ 4.6/5
Banking and payout speed	⭐ 4.6/5
Key features	⭐ 4.8/5
Security and trust	⭐ 4.9/5
Customer support	⭐ 4.5/5
$200	⭐ 4.8/5
1x wagering requirement	⭐ 4.4/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

"The DraftKings app has a great interface, its payouts are literally lightning-quick, and it has great customer service, which makes it the best sportsbook app."

- Google Play reviewer

"I have been using DraftKings as a sportsbook/casino for exactly a year since it launched in my state. Overall, I think it is one of the best sportsbooks because its app has a very clean and intuitive UI (user interface), and its customer service is unmatched."

- Reddit user

DraftKings at a glance

💰 Sign-up bonus	Bet $5, get $200 + 1 month of NFL+ Premium
🏅 Top feature	Best sports betting app
💵 Minimum deposit	$5
💵 Minimum wager	$5
🕒 Payout speed	Within 24 hours
App Store rating	4.8/5 ⭐ (752K reviews)
Google Play rating	4.7/5 ⭐ (157K reviews)
🌎 Available states	AZ, CO, CT, IA, IL, IN, KS, KY (18+), LA, MA, MD, ME, MI, NC, NH (18+), NJ, NY, OH, OR, PA, TN, VA, VT, WY (18+), WV
🕒 Offer expiry	Aug. 29, 2024
{bonus/bet365/primary/bonus_code/us/new-jersey}	Sept. 23, 2026

DraftKings iOS app

What we like

Minimal initial buy-in: A measly $5 initial deposit and wager is all you need to invest to secure this DraftKings welcome bonus, making it very accessible for all types of sports bettors.

Automatic account boost: Unlike some online sportsbooks that offer a ‘bet and get’ welcome bonus that requires you to hit on your initial wager, you will receive the $200 bonus regardless of the outcome of your first bet.

Bonus structure: DraftKings issues the promo as eight $25 bonus bets, allowing you to spread the funds across multiple future wagers to increase the likelihood of winning. 

What we don't like

Low total value: Though the bonus is guaranteed, we wish DraftKings aligned with its competitors and provided new users with more than just $200 for signing up. 

Seven days to use bonus: Unfortunately, the bonus funds are only valid for seven days from the date of receipt, meaning you must act quickly to ensure your bonus doesn't expire. 

Read our in-depth DraftKings review to learn more about the online sportsbook in 2026, and don't forget to check out the latest DraftKings promo code and corresponding offers.

2. FanDuel

Get up to $250 in Bonus Bets

New customers only. Deposit min. $5. Wager $5 per day to get $50 in bonus bets, win or lose, within 72 hours of the wager settling. Repeat the daily betting for five consecutive days to get up to $250 in bonus bets.

Claim $250

Who it's for

FanDuel’s welcome bonus is an ideal new-user offer, whether you’re a high roller, an occasional wagerer, or a complete newbie. Guaranteed sportsbook bonuses are rare, so unless you prefer to hold out for a larger "boom or bust" offer, we recommend claiming this offer today. The inclusion of a three-week trial of NFL Sunday Ticket makes this offer particularly attractive to NFL fans.

Bonus terms and conditions

You must download the FanDuel Sportsbook app to claim the welcome bonus.

Make a minimum deposit of $10 into your new account.

 Place an initial $5 real money wager on any available market. Regardless of the outcome of your wager, FanDuel Sportsbook will award $200 in bonus bets and a promo code for three weeks of NFL Sunday Ticket within 72 hours of bet placement.

If you win a wager using your $200 in bonus bets, the bonus amount will not be returned as part of your winnings. For example, if you use your $200 bonus on a betting market with +100 odds and win, you will receive $200 in withdrawable cash — not $400.

Your bonus funds are valid for seven days after issuance.

 This Covers-verified FanDuel Sportsbook promo expires at 11:59 p.m. ET on Sept. 22, 2024.

Covers BetSmart Rating: ⭐ 4.7/5

Bonuses and promotions	⭐ 4.8/5
Banking and payout speed	⭐ 4.6/5
Key features	⭐ 4.7/5
Security and trust	⭐ 4.8/5
Customer support	⭐ 4.6/5
User experience	⭐ 4.8/5
Betting odds	⭐ 4.5/5

User reviews  

Editor's note: User reviews may be edited for clarity.

"This book is outstanding. Easily the highest limits in the industry. Limits are posted, unlike others who make you submit a bet and have it go through manual review if it's over their unposted limits (Caesars, DraftKings, etc.)."

- Reddit reviewer

"Best sportsbook app in the game. Loads fast as lightning, painless login, and a clean interface."

- Miguel, Google Player Store user

Awards and recognition  

Here are some notable awards FanDuel has taken home since launching its sportsbook in the U.S. in 2018:

• 'Sportsbook Operator of the Year' - SBC Awards North America 2024
• 'Sportsbook Operator of the Year' - SBC Awards North America 2023
• 'Online Sportsbook of the Year' - American Gambling Awards 2023
• 'Online Sportsbook of the Year' - American Gambling Awards 2022

FanDuel at a glance

💰 Sign-up bonus	Bet $5, get $200 + 3 weeks of NFL Sunday Ticket
🏅 Top feature	Best user experience
💵 Minimum deposit	$10
💵 Minimum wager	$5
🕒 Payout speed	Within 24 hours
App Store rating	4.9/5 ⭐ (1.5M reviews)
Google Play rating	4.6/5 ⭐ (292.8K reviews)
🌎 Available states	AZ, CO, CT, IL, IN, IA, KS, KY, LA, MD, MA, MI, NC, NJ, NY, OH, PA, TN, VT, VA, WV, WY (+ DC)
🕒 Offer expiry (USA)	Sept. 22, 2024
✅ Last verified	Sept. 23, 2026

FanDuel iOS app

What we like

Mobile app: You must download the FanDuel Sportsbook mobile app in order to claim the welcome bonus. Though this may seem like a hassle, the FanDuel app is second to none in the sports betting industry, allowing bettors to easily claim the bonus and wager it on various betting markets within a few swipes. 

Straightforward terms: An initial $10 deposit and a minimum $5 wager on any sports betting market is all you'll need to score the FanDuel welcome bonus.

Future flexibility: FanDuel has no market restrictions attached to this offer, allowing you to use the funds on any available betting market. 

What we don't like

Just three weeks of Sunday Ticket: While this three-week subscription is a nice addition, we'd like to see FanDuel offer at least a few months of NFL live streaming to its users. 

Low total value: FanDuel’s welcome bonus lacks the total maximum value that many of its competitors — like Caesars and Fanatics — present with their current new user promos.  

Browse our FanDuel review for an unbiased look at this great online sportsbook and our FanDuel promo code page to learn about the available bonuses you can claim in 2026.

3. Caesars Sportsbook

$1,000 First Bet on Caesars

Code: COVERSBONUS1000

Claim $1,000

Who it's for

The current Caesars Sportsbook welcome bonus is a traditional ‘second-chance bet’ sportsbook promo that will return the entirety of your initial stake, up to $1,000, back as a bonus bet if the wager loses. Bonuses like this are typically tailored to high rollers since you need to deposit $1,000 initially to maximize the offer. But, since you only need a $10 deposit to qualify, we believe this offer is great for bettors of all experience levels. 

Bonus terms and conditions

You must use the Caesars Sportsbook promo code 'COVERSBONUS1000' to qualify.

Make a minimum deposit of $10 into your new account.

You must place your qualifying wager within 30 days of creating your account. If your wager loses, Caesars Sportsbook will refund the full amount of your initial wager, up to a maximum of $1,000, back as one bonus bet. 

The bonus, which is non-withdrawable, is awarded within 72 hours of your bet settling.

Your bonus funds are valid for 14 days after issuance.

 This Covers-verified Caesars Sportsbook promo is currently ongoing.

Covers BetSmart Rating: ⭐ 4.7/5

Bonuses and promotions	⭐ 4.5/5
Banking and payout speed	⭐ 4.8/5
Key features	⭐ 4.7/5
Security and trust	⭐ 4.8/5
Customer support	⭐ 4.7/5
User experience	⭐ 4.7/5
Betting odds	⭐ 4.4/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

"Caesars Entertainment offers impeccable gaming services and cutting-edge technology. This one-of-a-kind destination will definitely appeal to the sophisticated gamers of the new age."

- Reddit reviewer

""I had an initial hurdle with signing up and getting age verified. It took longer than my other sportsbooks. Eventually, I had to deal with support. They did a great job, though, and I'm finally able to log in and deposit funds. The app looks great; I like the layout, which is simple and fast."

- Robin, Google Player Store user

Caesars Sportsbook at a glance

💰 Sign-up bonus	$1,000 First Bet on Caesars
⏩ Caesars promo code	COVERSBONUS1000
🏅 Top feature	Best customer support
💵 Minimum deposit	$10
🕒 Payout speed	Within 24 hours
App Store rating	4.7/5 ⭐ (67.2K reviews)
Google Play rating	4.3/5 ⭐ (25.9K reviews)
🌎 Available states	AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, ME, MI, MS, NC, NJ, NY, NV, OH, PA, TN, VA, WV, WY (+ DC)
🕒 Offer expiry	Ongoing
✅ Last verified	Sept. 23, 2026

Caesars iOS app

What we like

Up to $1,000 bonus: This Caesars Sportsbook offer stands out because of its high value. If your first wager falls short, you can still have up to $1,000 in bonus bets in your account, which can be wagered on any betting market.

Caesars Rewards: Whether your initial bet wins or loses, you can still earn Caesars Rewards points when placing your qualifying wager for this offer. You can redeem those points for lucrative perks, such as bonus bets and a free yearly vacation. 

Low initial investment: Though the amount you earn from this Caesars promo depends on how much you initially invest, knowing that you can still secure the promo for just $10 makes it accessible to more bettors. 

What we don't like

No bonus if you win: The downside of all ‘second-chance bet’ sportsbook promos like this is that you do not receive any bonus if your first wager is successful and are ineligible to claim any future Caesars Sportsbook welcome offers. 

One bonus bet: Unfortunately, Caesars Sportsbook issues the bonus as one (1) bonus bet, meaning that you must wager it all at once and cannot spread it across multiple future wagers.  

Our Caesars Sportsbook review provides a complete overview of this operator. Interested in available bonuses? Read our Caesars Sportsbook promo code page to see what offers await you. 

4. bet365

Bet $5, Get $150 MATT

Code: COVERS

Code: CVSBONUS (CO, NJ only)

Claim $150

$1,000 First Bet Safety Net 

Code: COVERS

Code: CVSBONUS (CO, NJ only)

 Claim $1,000

Bet $5, Get $150 + 50 Spins (PA only)

Code: CVSBONUS

Claim Now

Who it's for

bet365's current 'bet and get' welcome promo is ideal for newbies. You only need to complete two steps to score $150 in bonus bets: Deposit $10 within seven days of creating your account and wager at least $5 on any market with odds of -500 or longer. With terms as straightforward as these, we highly recommend this bet365 welcome bonus if you are new to online sports betting. If you are a high roller who is comfortable making up to a $1,000 initial wager, we'd recommend claiming the $1,000 'first bet offer' offer since it provides a more lucrative upside.

Bonus terms and conditions

You must register with our exclusive bet365 bonus code 'COVERS' ('CVSBONUS' if you are in CO, NJ, or PA).

You must make a minimum initial deposit of $10 to claim the bonus.

 Place an initial $5 wager on any market with -500 odds or greater within 30 days of opening your account to qualify.

Whether your bet wins or loses, bet365 will issue you $150 in bonus bets that can be used on any sports betting market. You'll also receive 50 casino spins in PA when you register before Aug. 27, 2024.

Your bonus will expire seven days after issuance. 

 This Covers-verified bet365 Sportsbook promo expires at 6:59 a.m. ET on Sept. 10, 2024.

Covers BetSmart Rating: ⭐ 4.5/5

4000 4000	⭐ 4.7/5
Banking and payout speed	⭐ 4.4/5
Key features	⭐ 4.4/5
Security and trust	⭐ 4.4/5
Customer support	⭐ 4.4/5
User experience	⭐ 4.7/5
Betting odds!!	⭐ 4.7/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

"The gold standard, and they simply can’t be beaten. Any bettor with experience knows that bet365 is light years ahead of the competition in terms of, well, everything, like betting limits, customer service, and user interface."

- Reddit reviewer

"I have to give credit where it’s due — bet365 and its team have created the best, unique, fastest, and aesthetically pleasing sports betting application. The ball tracking and pitch animation features are excellent. The goal animation is also so much better than every other app out there. Things like this make a difference when you’re tracking a game, and the team you need scores a goal. It’s exciting and immersive, as betting should be. Well done to bet365 for creating the best sports betting app out there. This is the reason why it is my favorite bookmaker."

- MacAulay, App Store user

bet365 at a glance

💰 Sign-up bonus	Bet $5, get $150 or $1,000 First Bet Safety Net
💰 Sign-up bonus (PA only)	Bet $5, get $150 + 50 spins
⏩ bet365 bonus code	COVERS or CVSBONUS (CO, NJ, PA only)
🏅 Top feature	Best pricing
💵 Minimum deposit	$10
💵 Minimum wager	$5
🕒 Payout speed	Within 24 hours
App Store rating	4.8/5 ⭐ (104.9K reviews)
Google Play rating	4.6/5 ⭐ (15.6K reviews)
🌎 Available states	AZ, CO, IA, IN, KY, LA, NC, NJ, OH, PA, VA
🕒 Offer expiry	Aug. 13, 2024
✅ Last verified	Sept. 23, 2026

bet365 iOS app

What we like

Reasonable initial cost: You only need to invest $10 of your own money in order to maximize the full value of this bet365 welcome bonus, which is less than you'll need to deposit at other sportsbooks.

Guaranteed bonus: Whether your first bet hits or misses, you’ll still receive the $150 in bonus bets once your qualifying wager settles.

Future betting flexibility: The bonus funds do not have any market restrictions, meaning you can wager it on any available sports betting events or bet types that bet365 offers. 

What we don't like

Limited window to use bonus: bet365 only allows you seven days to use the funds you earn from this welcome bonus before they expire, which can be a tight window of time if you're a casual bettor.

Low total value: Though the bonus is guaranteed, the $150 offered by bet365 is lacking in total value when compared to welcome offers from top competitors like BetMGM and Caesars Sportsbook. 

We've provided a more in-depth analysis of the operator in our bet365 review, which highlights the latest bet365 bonus code required to claim its welcome offer. 

5. Fanatics Sportsbook

Get up to $1,000 Matched in FanCash

New customers in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VA, VT, WV, or WY. Apply promotion in bet slip and place a $1+ cash wager (min odds -200) daily for 10 consecutive days starting day of account creation. FanCash rewards will equal the qualifying wager amount (max $100 FanCash/day). FanCash issued under this promotion expires at 11:59 p.m. ET 7 days from issuance. Terms, incl. FanCash terms, apply—see Fanatics Sportsbook app.

COVERS

Claim $1,000

Who it's for

We believe this bonus is best suited for all sports bettors. Those who are more experienced can bet a maximum of $100 per day for 10 consecutive days to fully maximize the bonus. At the same time, casual bettors can still score the bonus by wagering as little as $5 per day. You can also change the amount of your daily wager, which provides complete freedom and flexibility to all bettors.

Bonus terms and conditions

You do not need a Fanatics Sportsbook promo code to score this offer.

A minimum $5 deposit and wager is required. Your initial qualifying wager must be placed within five days of activating your account.  

 Place a daily wager of at least $5 on any market with -200 odds or longer to receive up to a $100 bonus bet per day for your first 10 days using the platform.

The non-withdrawable bonus is awarded regardless of the result of your daily qualifying wager and expires after seven days.

 This Covers-verified Fanatics Sportsbook promo expires at 11:59 p.m. ET on Dec. 1, 2024.

Covers BetSmart Rating: ⭐ 4.1/5

Bonuses and promotions	⭐ 4.0/5
Banking and payout speed	⭐ 3.8/5
Key features	⭐ 3.9/5
Security and trust	⭐ 4.1/5
Customer support	⭐ 4.0/5
User experience	⭐ 4.8/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

"I really enjoy everything Fanatics Sportsbook has to offer! I really like how you get Fanatics rewards faster than DraftKings, too! I would highly recommend it."

- Justin M., Google Play reviewer

"I really like the Fanatics Sportsbook and the promos it offers from time to time, especially the jersey credit! It has a lot of choices to bet on — from teams, spreads, totals, play props, and special parlays. I’ve deposited and withdrawn and haven’t had any problems, as it was all pretty quick. I love the fact that you can earn FanCash from making bets and can use its' sportsbook offers to redeem points for sports gear!"

- App Store user

Fanatics Sportsbook at a glance

💰 Sign-up bonus	Bet $100, get $100 (10x)
🏅 Top feature	NFL live streaming
💵 Minimum wager	$5
🕒 Payout speed	Within 24 hours
App Store rating	4.7/5 ⭐ (25.6K reviews)
Google Play rating	4.6/5 ⭐ (5.82K reviews)
🌎 Available states	AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VT, VA, WV, WY
🕒 Offer expiry	Dec. 1, 2024
✅ Last verified	Sept. 23, 2026

Fanatics Sportsbook iOS app

What we like

Daily first bet match: The Fanatics Sportsbook offer matches your first bet of the day, whether the wager wins or loses, meaning you’ll always have funds in your account for your first 10 days using the platform.

FanCash: You earn FanCash with every Fanatics Sportsbook bet you place, which is redeemable at the Fanatics website for sports merchandise. The amount of FanCash is tied to the odds of your wager — 1% for -110 and a maximum of 10% for -6000 — win or lose.

Minimal initial investment: Though this bonus has a high total value, you only need to make an initial $5 deposit and $5 daily qualifying wagers to activate the offer.

What we don't like

Daily wagering: You must make a qualifying wager for 10 straight days to maximize the Fanatics Sportsbook welcome offer. If you forget to place your bet, you will void the bonus for that day. 

Difficult to track bonuses: We've found keeping track of the bonus funds you receive from this offer can be slightly confusing since the amount you earn can change every day. Additionally, each bonus also expires seven days (168 hours) from issuance, meaning that you will have up to five separate end dates to keep track of. 

Our Fanatics Sportsbook review provides an extensive look into this emerging operator and its latest welcome offer, which does not require a Fanatics Sportsbook promo code to claim. 

6. BetRivers

Up to a $500 Second Chance Bet

Code: COVERSBONUS

 Claim $500

Who it's for

We recommend BetRivers’ current welcome offer to all bettors who have yet to try out the platform. This ‘second chance bet’ type of sportsbook promo allows you to place your first bet confidently, knowing you’ll receive the entirety of your stake back in bonus bets if it is unsuccessful. We also appreciate the offer’s required minimal initial investment, as you can wager as little as $10 to secure the bonus. 

Bonus terms and conditions

You must use the BetRivers bonus code 'COVERSBONUS' during registration to qualify.

Make a minimum deposit of $10.

 Place an initial wager of up to $500 ($250 in CO and NJ; $100 in AZ, DE, IA, NY, OH, and WV), and BetRivers will return your entire stake if you lose.

Your must wager your bonus on any sports betting market with -200 odds or longer.

Your bonus funds are valid for 30 days.

 This Covers-verified BetRivers Sportsbook promo expires at 11:59 p.m. ET on Sept. 30, 2024.

Covers BetSmart Rating: ⭐ 4.3/5

Bonuses and promotions	⭐ 4.4/5
Banking and payout speed	⭐ 3.9/5
Key features	⭐ 4.6/5
Security and trust	⭐ 4.7/5
Customer support	⭐ 4.2/5
User experience	⭐ 4.6/5
Betting odds	⭐ 4.0/5

User reviews

Editor's note: User reviews may be edited for clarity. 

"BetRivers has by far the fastest payout of the five sportsbooks I use. Approval was near instant, and the money was in my funding source in maybe five minutes!"

- Reddit reviewer

"I have had no problem with the BetRivers app so far, as receiving payment after winning is fast, secure, and easy to transfer!"

- Nick, Google Play Store user

BetRivers at a glance

💰 Sign-up bonus	Up to a $500 Second Chance Bet
⏩ BetRivers bonus code	COVERSBONUS
🏅 Top feature	Perfect for newbies
💵 Minimum deposit	$10
🕒 Payout speed	Within 24 hours
App Store rating	4.4/5 ⭐ (4.6K reviews)
Google Play rating	3.7/5 ⭐ (1.95K reviews)
🌎 Available states	AZ, CO, DE, IL, IN, IA, LA, MD, MI, NJ, NY, OH, PA, VA, WV
🕒 Offer expiry	Sept. 30, 2024
✅ Last verified	Sept. 23, 2026

BetRivers iOS app

What we like

Reasonable initial investment: You only need to invest $10 of your own money to claim this promo, which is extremely reasonable and affordable for all bettors. 

Straightforward terms: Whether you’re a first-time bettor or a seasoned shark, you just need to register with our exclusive bonus code and make the minimum initial deposit and wager to secure this offer.

Extended promotional window: BetRivers allows you up to 30 days to use the bonus bet, which is longer than some of its competitors who require you to use the funds within a week. 

What we don't like

You don't receive a bonus if you win: The downside of all ‘second chance bet’ or ‘first bet offer’ welcome offers like this is that you don’t get any type of bonus if you win your initial wager.

Amount depends on location: Only new bettors in seven states (IL, IN, LA, MD, MI, PA, and VA) can receive BetRivers' up to $500 offer, meaning that new bettors in the other legal jurisdictions must settle with a less-valuable welcome promo. 

Read through our BetRivers review to learn more. Our BetRivers bonus code page outlines the available offers you can claim in 2026. 

7. BetMGM

Up to $1,500 in Bonus Bets if First Bet Loses

Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See Sports Betting | Legal Online Sportsbook at BetMGM | BetMGM for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. This promotional offer is not available in DC, Massachusetts, Mississippi, New York, Nevada, Ontario, or Puerto Rico.

COVERS

Claim $1,500

Who it's for

We recommend BetMGM’s current ‘first bet offer’ welcome offer to all bettors, but especially high rollers who are looking to earn a larger bonus. The maximum $1,500 that you can earn from BetMGM is among the industry's highest-valued sportsbook promos and provides you with a massive safety net in case your first bet doesn't go your way.

Bonus terms and conditions

You must use our BetMGM bonus code 'CVRBONUS1500' to qualify.

A minimum deposit of $10 is required.

If your first bet loses, BetMGM will issue back 100% of your qualifying stake, up to $1,500, in bonus bets.

If you wager more than $50, you will receive five (5) bonus bets that are each worth 20% of your qualifying stake. You will receive one bonus bet if you wager $49 or less.

The bonus is valid for seven days after issuance.

 This Covers-verified BetMGM Sportsbook promo expires at 11:59 p.m. ET on Dec. 31, 2024.

Covers BetSmart Rating: ⭐ 4.4/5

Bonuses and promotions	⭐ 4.4/5
Banking and payout speed	⭐ 4.2/5
Key features	⭐ 4.4/5
Security and trust	⭐ 4.6/5
Customer support	⭐ 4.5/5
User experience	⭐ 4.7/5
Betting odds!	⭐ 4.3/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

"I love the convenience and ease of use that comes with the BetMGM app. I'm a big fan of BetMGM and recommend getting the BetMGM app for hassle-free gaming."

- Reddit user

"BetMGM's bonuses and promotions are good, as they have clear rules, obvious expiration dates, and are easy to apply on a wager. Synchronization with the broader MGM rewards program is seamless and easy to track."

- App Store user

BetMGM at a glance

💰 Sign-up bonus	$1,500 in bonus bets
⏩ BetMGM bonus code	CVRBONUS1500
🏅 Top feature	Great range of sports
💵 Minimum deposit	$10
🕒 Payout speed	2 days
App Store rating	4.8/5 ⭐ (213.2K reviews)
Google Play rating	4.5/5 ⭐ (29.8K reviews)
🌎 Available states	AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR)
🕒 Offer expiry	Dec. 31, 2024
✅ Last verified	Sept. 23, 2026

BetMGM iOS app

What we like

Access to BetMGM Rewards: When you register to claim this offer, you will be automatically enrolled in the operator’s two affiliated sportsbook rewards programs — BetMGM Rewards and MGM Rewards — and can earn an array of additional perks with every bet you place at BetMGM.  

Reasonable minimum requirements: Though you must deposit and wager $1,500 to receive the full value of this welcome offer, you can also secure the bonus with only a $10 initial investment.  

Use bonus across multiple wagers: You’ll receive the bonus in five (5) 20% denominations equal to your qualifying stake if your initial unsuccessful wager is more than $50, allowing you to spread the funds across multiple future bets. 

What we don't like

More suited to high rollers: You need to deposit $1,500 initially to maximize this offer, making it more attractive to high rollers and seasoned bettors as opposed to those new to online sports betting.  

Slower payouts: BetMGM typically takes up to two banking days to process any withdrawal requests, meaning you'll be waiting longer to receive any future winnings derived from this bonus than you would be with many of its competitors.

Check out our BetMGM bonus code and review page for more information, including how you can unlock an array of great bonuses.

How do sportsbook promotions work?

Redeeming the best sportsbook sign-up bonuses takes very little time and effort. Get started by signing up for a new account through the links provided here. Then, download one of the best sports betting apps.

Next, enter all pertinent personal details for identity and age verification purposes. Remember to review the sign-up page to confirm where you might have to enter a promo code if applicable.

For identity and age verification to work successfully, uploading a photo of an official ID, like a driver’s license, will be required. Upon account verification, choose from the available sportsbook and withdrawal methods to add funds to the newly created account. We encourage all customers to read through the terms and conditions of the promotion to get the full benefit.

Back to the best sportsbook promos

Common mistakes

The best legal sportsbook sign-up bonuses can help you quickly build a sports betting bankroll. We've outlined several ways that can help you avoid pitfalls when claiming a sports betting promo or bonus.

First, avoid common mistakes, such as letting your bonus credits expire. If you’re claiming a first insurance bet or a deposit match sportsbook promotion, the credits you receive if your bet loses will likely expire within 14-30 days.

Unfortunately, many bettors tend to glance over important terms and conditions and are often disappointed when bonus funds expire, are non-withdrawable, or cannot be accessed as anticipated.

Allowing promotions to lapse

Overlooking rollover requirements

Not fulfilling the minimum wagering requirement

Neglecting minimum odds requirements

Betting on ineligible markets

Not maximizing value 

Daily sportsbook odds boosts

In addition to generous welcome offers for new users, most online sportsbooks feature a collection of daily odds boosts and bonuses to add value to featured same-game parlays, player props, and other popular markets.

Visit our best sportsbook odds boosts and promos page daily to take advantage of the latest offers from the top betting sites in your region.

Types of sportsbook bonuses explained

There are different kinds of welcome bonuses available for new sportsbook bettors. Naturally, there are pros and cons to each one, and everyone will have a preference. We broke down the most common sportsbook sign-up bonuses in 2026, including bonus bets, first bet offer, deposit matches, parlay insurance, no deposit bonuses, boosted odds, and cash bonuses.

Back to the best sportsbook promos

Sign up bonus

Nearly all online sportsbooks will provide a sign-up bonus to incentivize prospective bettors to join their platform. These offers are generally straightforward and are meant to allow newbies to try their hand at sports betting for the first time with reduced risk.

Common examples of sign-up bonus bets include first bet offer, where the sports betting site automatically matches the amount wagered. For example, if the promo is up to $1,000, and you bet $800, you will then receive $800 in bonus bet credits if your wager loses. 

Our pick for the top sportsbook sign-up bonus belongs to FanDuel Sportsbook:

Get up to $250 in Bonus Bets

New customers only. Deposit min. $5. Wager $5 per day to get $50 in bonus bets, win or lose, within 72 hours of the wager settling. Repeat the daily betting for five consecutive days to get up to $250 in bonus bets.

Claim $250

FanDuel made its way to the top spot of best sportsbook bonuses, courtesy of its value-laden welcome bonus. New customers receive $200 in bonus bets and three weeks of NFL Sunday Ticket after placing their first wager of at least $5. The best part: FanDuel Sportsbook credits new users the bonus funds within 72 hours. 

No deposit bonus

We consider a no-deposit bonus the most sought-after type of sportsbook bonus — it’s the closest a bettor can get to placing a bet with zero risk. Why is there first bet offer? No deposit bonuses do not require you to deposit any of your own funds before making a wager. Simply sign up, and your account will be credited with — usually a small amount — of bonus money.

These sportsbook bonuses are rare since they favor the customer entirely. Operators hope that allowing new users to place a wager without any strings attached will be enough to showcase why their platform is superior to other options and keep them coming back long-term. 

Typically, no deposit bonuses are now tendered as pre-registration offers, which online sportsbooks provide when a state is set to open its doors to legal sports betting for the first time. Keep track of states with legal sports betting and which ones may vote in favor of legalization in the future.

Deposit match bonus

Often referred to as a cash bonus, a deposit match bonus is arguably the most common sportsbook bonus out there and is frequently tethered to sign-up offers. Online sports betting sites will match your deposit up to a specified dollar amount, and it is not unusual to find a 100% match rate if you are a first-time customer.

The currency a sportsbook will provide to your account via a deposit match bonus may vary. Bonus bets and site credit are typical, but you may be offered real cash instead in some instances.

Ongoing betting site promos and bonuses

There's a world beyond sportsbook welcome and sign-up bonuses. Some of the best bonuses from betting sites are ongoing promotions, including profit boosts, odds boosts, and reload bonuses. Plus, registering with operators that offer the best sportsbook rewards programs in 2026 can help you score exclusive bonuses and promos, too.

Boosted odds

In sports betting terminology, a boosted odds bonus represents what it purports to be — a sportsbook bonus in which the value of odds on particular wagers has increased. These can occur regularly depending on the operator and include the likes of Over/Under (totals), moneyline, point spread, prop bets, and same-game parlays.

When a specific sportsbook market posts ‘boosted odds’, the line is more advantageous for the user on a seemingly surefire bet. For example, if the Buffalo Bills were playing the Houston Texans, and the line was set at +220 boosted odds for the Bills to win. If you're looking for a profit boost, odds boosts fit the bill.

Given the likelihood of Buffalo beating Houston, regular odds would line up at -110 for the spread. Sportsbooks sometimes provide boosted odds for either a user reward or promotional purposes. We encourage players to take advantage of a boosted odds market when presented with the opportunity, as your odds of profiting will be more likely than usual.

Covers tip: Sportsbooks will almost always apply maximum and minimum stakes to boosted odds bets to ensure they won't have to credit you with an enormous payout should you win your wager.

Reload bonus

Some online sportsbooks offer their users reload bonuses, meaning they will receive additional site credit each time they replenish their account balance with real cash. Some reload bonuses are deposit matches, while others are bonus bets on specific markets.

For example, a sportsbook may award a $10 bet to any NFL market for every $50 of real cash deposited into an account balance. If it’s a deposit match reload bonus, they may offer to match up to 50% of a deposit during each reload transaction.

Reload bonuses are available exclusively to existing customers who have already received their sign-up bonuses. Sportsbooks will offer these ongoing promotions — frequently or less frequently, depending on the operator — to satiate their users by providing them with boosts to their bankrolls.

Much like many sign-up bonuses, reload bonuses usually come in the form of deposit matches and are activated by making a new deposit. But unlike sign-up bonuses, the match rates for reload bonuses tend to be low — typically 10-15%.

Referral bonus

Sports betting sites are keen to attract new players and often reward existing customers for their recruitment efforts. Already registered players stand to earn a sportsbook referral bonus for any referrals resulting in a sign-up and real money minimum deposit. Most sportsbooks give registered users a unique referral code that can be distributed amongst friends and family. If someone registers and enters a previously registered user’s referral code during sign-up, both parties will likely receive some kind of referral bonuses.

Our pick for the top refer-a-friend bonus comes from FanDuel Sportsbook:

Up to $75 Referral Bonus

No code required

Claim $75

There's a reason FanDuel is the top mobile app on many peoples' lists. Among its accolades, the operator offers a strong refer-a-friend program. Send a referral link provided by FanDuel to your friend, have them sign up, and place a wager of $10 or more, and you'll both be rewarded with $75 in site credit. There is a 10-person maximum referral limit per user.

FanDuel sportsbook review

Common sportsbook bonus terms and conditions

Whether you're claiming a sportsbook offer or an online casino bonus, all promos come with specific terms and conditions that you should read carefully before claiming. However, there are also a few conditions you are likely to encounter, no matter which bonus you’re looking to procure.

Most operators will only give you a short time frame to claim your bonus — usually 7-14 days. If you have not snagged your promo by then, it will vanish.

Online sportsbooks may limit the betting markets where the bonus can be applied. This means you might be stuck betting on a specific team or sport or have to wager on the moneyline or Over/Unders.

Finally, a minimum odds requirement is a commonplace condition on bonuses. Sportsbooks do not want you betting on massive favorites to take care of your rollover requirement, so they restrict odds to something more favorable for them.

Bonuses and promo codes by state

The number of states where online sports betting is legal continues to climb. However, not all will offer the sportsbook bonuses identified within this guide. Why not? Certain states limit the number of licensed operators they allow to take bets within their borders.

Visit our North Carolina sportsbook promos page to claim the top welcome offers in the Tar Heel State or secure the best sports betting sign-up bonuses from current and new betting sites in other U.S. states:

Best sportsbook bonus codes

More often than not, securing the best sportsbook promotions does not require you to enter sportsbook promo codes. Once upon a time, promo codes reigned supreme and were necessary.

Nowadays, one-time bonuses like sign-up offers can be claimed by creating an account and making an initial deposit. Ongoing offers like refer-a-friend bonuses are acquirable through exclusive links provided by sportsbooks.

Check out our North Carolina betting apps to claim the best bonuses in the newly legalized state. 

Quick facts: Best sportsbook bonuses

Betting sites to avoid

If it seems too good to be true, it probably is. There are plenty of suspect online sportsbooks and operators looking to steal your business from reputable betting sites. Avoiding these illegal offshore sportsbooks is essential as it’s nearly impossible to recover any unpaid winnings from them. You can take a closer look at these unregulated sportsbooks via our blacklist. 

• Allegations of withdrawal issues
• No license information available on site
• Poor customer service

• Multiple reports of slow payments
• Allegations of non-payments
• Risk of account closure simply for winning bets

• Reports of confiscated winnings
• Slow customer support response times

See all blacklisted sportsbooks

Why trust Covers?

Covers has been a leading sports betting industry expert for almost three decades.

The sportsbook bonuses that we've recommended here have been personally reviewed, meticulously curated, and regularly updated by our team of experts.

News outlets look to Covers due to our deserved reputation as a trusted and authoritative source of sports betting information. Here are some of the numerous notable publications and media outlets that have referenced Covers.com and our industry experts:

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