Top New York Mobile Sportsbook Bonuses & Promo Codes for January 2022

We rank and explain the best bonuses in New York at legal betting sites.

Last Updated: Jan 17, 2022 8:41 AM ET Read Time: 4 min
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Online sports betting has been legal in New York for less than two weeks and its residents now have access to five mobile sportsbooks.

New York bettors can take advantage of several sign-up bonuses and promotions doled out by these sports betting sites, including the BetMGM welcome offer for New York. 

New York is on its way to becoming the largest sports betting market in the United States. With significant demand for sports betting among its residents, operators are competing for customer acquisition, and they're willing to pay — a lot — for your sign-up. 

Here is a detailed look at each of the bonus offers currently available.

New York sports betting bonuses

Here's how we rank the five sports betting bonuses currently available in New York:

Rank Sportsbook Bonus Offer Promo Code
1 Caesars $300 bonus cash + $3,000 deposit match No code - claim now
2 FanDuel $1,000 risk-free bet No code - claim now
3 BetMGM $1,000 risk-free bet No code - claim now
4 BetRivers 100% deposit match to $250 No code - claim now
5 DraftKings 20% deposit match to $1,000 No code - claim now

New York sports betting bonuses explained

Caesars

Bonus: $300 bonus cash at sign up + $3,000 deposit match | Claim now

Caesars is offering the best welcome bonus of the bunch — and the competition isn’t particularly close. In fact, this is one of the biggest bonus offers ever offered by a regulated US betting site. 

First, Caesars is offering new bettors $300 in bonus cash just for registering for the site. Then, Caesars will match 100% of your first deposit up to $3,000. You can get started simply by clicking here and then going through the registration process.

There are a few terms to be aware of but they are very reasonable:

  • Participants must make one deposit before withdrawing any winnings from the $300 credit.

  • The deposit must come within three days of registration to get the deposit match.

  • Customers must wager through all bonus amounts one time before making a withdrawal.

  • Only wagers on odds greater than -300 apply to wagering requirements. i.e. a wager at -250 will be eligible, but a wager at -400 will not be.

This limited-time offer is valid from now through January 31. 

FanDuel

Bonus: $1,000 risk-free bet | Claim now

FanDuel is widely regarded as the top sportsbook in the United States.

The $1,000 risk-free bet is exactly as it sounds – whatever amount you risk on your first bet, is covered with a guarantee. If you win, you keep on betting as usual. If you lose, FanDuel will credit your account with the amount of the bet in site credit.

 It sounds easy, but there are a couple of things to think about and consider:

  • This is a one-time bonus. If you are making a deposit into FanDuel, you should try to deposit up to the $1,000 maximum to take full advantage of the bonus.

  • The bonus amount only applies to your first bet. To get the most out of the bonus, the first wager made in the account should be for the maximum amount up to $1,000.

  • The initial bet cannot settle using cash out. If you use cash out, the bonus will not be issued.

  •  If the initial bet loses, you have fourteen days to play through the site credit.

  • Only the win amounts from the site credit will be added back to the account.

It is still important to consider the optimal risk-free bet strategy if the first bet loses. The big advantage FanDuel has in comparison to other risk-free bet offers is that users do not need to use the balance all at once.

BetMGM

Bonus: $1,000 risk-free bet | Claim now

With a competitive and easy-to-use welcome offer, BetMGM clocks in at third on our list. Here's a look at how the bonus works, its limitations, and its requirements:

  • Download the BetMGM mobile app, available free on iOS and Android, or register via desktop.

  • Sign up and make an initial deposit — of up to $1,000 — within seven days of activating your new account.

  • The first sports bet is risk-free, meaning that you will get up to $1,000 back in free bets if your initial bet registers as a loss.

  • The risk-free bet will be credited to your newly created account within 24 hours after your inaugural qualifying bet loses.

This is valid through Dec. 31, 2022.

BetRivers

Bonus: 100% up to $250 | Claim now

BetRivers is offering a basic 100% match bonus up to $250. The bonus is not nearly as valuable as the FanDuel bonus at just $250, but the simplicity of it makes it an appealing option to have for all bettors.

Any bettor taking advantage of the offer should deposit the full $250 into the new account. Anything less is devaluing this small bonus too much. BetRivers will credit the bonus amount within 48 hours and users will be able to use the bonus funds immediately to bet on games. In other words, put in $250 and you will have $500 to bet on games. 

BetRivers is very fair with its rollover requirement. Bettors must wager just $250 one time to unlock the bonus. Although we do not recommend depositing less than the $250, if you do deposit an amount different than $250, the amount required to unlock the bonus will match that of the deposit. For example, if you deposit $100, you will only need to risk $100 to unlock the bonus and be able to withdraw.

The only catch in the rollover is that any bets on -200 favorites or greater will not qualify. That means any bet on a favorite of -210 or -450 will not unlock any of the bonus while a bet at odds of -185, -110, or +125 would.

DraftKings

Bonus: 20% deposit match to $1,000 | Claim now

Bettors should avoid the current welcome bonus at DraftKings. The 20% deposit match to $1,000 provides little value to any bettors. Bettors must deposit $5,000 to achieve the maximum bonus, but the rollover amount makes it extremely difficult to clear. The bonus will be unlocked $1 at a time per $25 wagered putting an effective $25,000 wagering requirement to unlock the full $1,000 bonus.

DraftKings does not stop there! Any wager at odds of -300 or higher is not eligible for bonus money. For example, if a user wagered on a -320 favorite, any money risked would not qualify for unlocking any bonus money. There is also a time range cap in place. Only wagers in the first 90 days after depositing are eligible for bonus money. To clear the full bonus, bettors must wager $25,000 in a short time frame. Any bonus credits not unlocked by wagering in the first 90 days are forfeited. If the bonus was not unattractive enough already, any bettor that has deposited to DraftKings in any state is ineligible for the bonus – which might be a good thing!

New York sports betting bonus FAQs

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