Best Sportsbook Promos, Bonus Bets, and Sign-up Bonuses in July 2025

Top sports betting promos and boosts today

Below, we've outlined the best sports betting promos all bettors can claim on July 31, 2025:

Sportsbook promotions evaluated and bonuses ranked

Here at Covers, we have more than 100 combined years of betting expertise, making us a trusted source to evaluate licensed and legal online U.S. sports betting apps and their respective sign-up sports betting offers.

Our latest rankings focus on the top nine new-user sportsbook bonuses you can claim in 2025:

1. BetMGM - Best sportsbook sign-up bonus

$1,500 First Bet Offer

Bonus bets expire in 7 days. One new customer offer per user. Additional terms apply. 21+. Gambling Problem? Call 1-800-GAMBLER.

CVRBONUS1500

Claim $1,500

Who it's for

High rollers will appreciate the maximum $1,500 that you can earn from BetMGM, which is among the industry's highest-valued sports betting bonuses 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 exclusive 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. You will also receive a $50 bonus bet, regardless of your wager's outcome. 

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. For example, if you wagered $1,500 and lost, you would get five (5) $300 bonus tokens adding up to $1,500.

The bonus is valid for seven days (168 hours) after issuance.

 This Covers-verified BetMGM Sportsbook promo expires at 11:59 p.m. ET on Sept. 1, 2025.

Covers BetSmart Rating: ⭐ 4.9/5

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. 

"The app is super smooth and easy to manage. All the promotions are right there, so you don't miss one. Deposits and withdrawals are really easy as well, and you get your money super fast. Finding the right props is easy, too.”

- Mark, Google Play Store 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 First Bet Offer
⏩ BetMGM bonus code	CVRBONUS1500
🏅 Top feature	Best sportsbook promotion
💵 Minimum deposit	$10
🕒 Payout speed	2 days
App Store rating	4.8/5 ⭐ (237.7K reviews)
Google Play rating	4.2/5 ⭐ (36.2K 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	Sept. 1, 2025
✅ Last verified	July 31, 2025

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 loyalty 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 page for more information about one of the best Super Bowl betting sites of 2025, including how you can unlock an array of great bonuses.

2. Caesars Sportsbook - Best for experienced bettors

Bet $1, Double Winnings on Your Next 10 Bets

New customers only. Must register using eligible promo code. Place a wager of at least $1 and you'll get 10x 100% profit boosts, up to $2,500 each, win or lose. Void where prohibited. See Caesars.com/promos for full terms.

COVERSBONUSDYW

Claim Now

Who it's for

The current Caesars Sportsbook sign up bonus is a traditional ‘second chance’ sportsbook promo Bonuses like this are great because there is an accessible $10 minimum deposit and $1 minimum wager for new users, with up to $25,000 in maximum value available. 

Bonus terms and conditions

You must use the Caesars Sportsbook promo code 'COVERSBONUSDYW' 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. Place a  minimum wager of $1 and you will receive 10x 100% profit boosts, each worth up to $2,500 if your bet loses.

Caesars Sportsbook will award the bonus, which is non-withdrawable, within 72 hours of your bet settling.

Your bonus is valid for 14 days days after issuance.

 This Covers-verified Caesars Sportsbook promo ends at 11:59 p.m. ET on Aug. 19, 2025.

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. 

"I love this app! There is no delay with paying out. The parlays are awesome! So easy to navigate. I am a huge fan…”

- Casey, Google Play Store 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	Bet $1, Double Winnings on Your Next 10 Bets
⏩ Caesars promo code	COVERSBONUSDYW
🏅 Top feature	Best betting promos for experienced users
💵 Minimum deposit	$10
🕒 Payout speed	Within 24 hours
App Store rating	4.7/5 ⭐ (88.2K reviews)
Google Play rating	4.5/5 ⭐ (30.3K 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	Aug. 19, 2025
✅ Last verified	July 31, 2025

Caesars Sportsbook iOS app

What we like

10x 100% profit boosts, each worth up to $2,500: This Caesars Sportsbook offer stands out because of its sheer maximum value. Not many sportsbooks provide over $1,000 bonuses.

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 your Caesars Rewards points for lucrative perks, such as bonus bets, fine dining reservations, 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 a $10 minimum deposit and a modest $1 minimum wager, makes it accessible to more bettors. 

What we don't like

First bet must lose: The bonus will not trigger unless your initial wager flops. If it's successful, you'll just receive the winnings instead.

Unideal bonus: We prefer standard 'bet and get' offers than reward straight bonus bets, instead of profit boosts.

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. 

3. bet365 - Best dual offer

Choose: $150 Win or Lose or $1,000 Bonus

Code: COVERS

Code: CVSBONUS (CO, IL NJ, PA, TN only)

Claim $150

$1,000 First Bet Safety Net 

Code: COVERS

Code: CVSBONUS (NJ only)

Claim $1,000

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 guaranteed*: 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 via the bet365 Sportsbook app with our exclusive bet365 bonus code 'COVERS' ('CVSBONUS' if you are in CO, IL NJ, PA, TN).

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 guaranteed* that can be used on any sports betting market. You'll also receive 50 casino spins in PA.

Your bonus will expire seven days (168 hours) after issuance. 

 These Covers-verified bet365 sports betting promo codes expire at 6:59 a.m. ET on July 21, 2025.

Covers BetSmart Rating: ⭐ 4.7/5

Bonuses and promotions	⭐ 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. 

"I really like using bet365, as it offers a wide variety of sports to bet on and has an abundant prop menu. One thing I really like with NBA props is the ‘milestones’ that allow you to bet beyond the Las Vegas line on various stats."

- Francis, Google Play Store 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 Win or Lose or $1,000 First Bet Safety Net
💰 Sign-up bonus (PA only)	Bet $5, Get $150 Win or Lose + 50 Spins
💰 Sign-up bonus (IL, TN only)	$150 Bonus
⏩ bet365 bonus code	COVERS or CVSBONUS (CO, IL, NJ, PA, TN only)
🏅 Top feature	Best duel sportsbook promotions
💵 Minimum deposit	$10
💵 Minimum wager	$5
🕒 Payout speed	Within 24 hours
App Store rating	4.8/5 ⭐ (183.6K reviews)
Google Play rating	4.5/5 ⭐ (32.7K reviews)
🌎 Available states	AZ, CO, IA, IN, KY, LA, NC, NJ, OH, PA, VA
🕒 Offer expiry	July 21, 2025
✅ Last verified	July 31, 2025

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 (168 hours) 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 we enjoy sports betting promos that are guaranteed, the $150 offered by bet365 is lacking in total value when compared to welcome offers from top competitors like BetMGM and Caesars Sportsbook. 

You may get limited on your stake: If you go on a hot streak -- whether with your promo funds or your own cash, there's a risk that you'll get limited at bet365, as it's something that's happened to us on a couple of occasions.

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. 

4. FanDuel - Best sportsbook for bonus bets

Exclusive: $2,500 No Sweat Bet

New customers only. Deposit min. $500. Place your first bet and receive an equal stake, up to $500, if your bet loses.

Claim $2,500

Who it's for

FanDuel’s welcome bonus is an ideal new-user offer for a high roller. Sportsbook bonuses of this nature are rare, so unless you prefer to hold out for a larger "boom or bust" offer, we recommend claiming this bonus bet offer today. 

Bonus terms and conditions

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

Make a minimum deposit of $500 into your new account.

 Place an initial $5 real money wager on any available market. If your wager loses, FanDuel Sportsbook will award you an equal stake to your wager, up to $2,500 in bonus bets within 72 hours of bet placement.

If you win a wager using your $150 in bonus bets, the bonus amount will not be returned as part of your winnings. 

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

 This Covers-verified FanDuel Sportsbook promo — which is not available in Illinois or New York, as those new users must claim a 'Bet $5, Win $150' offer instead — expires at 11:59 p.m. ET on Aug. 14, 2025.

Covers BetSmart Rating: ⭐ 4.8/5

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.

"I've tried a few sports betting apps, and FanDuel is by far the most user-friendly and easier to navigate than others. They almost always have good promotions with every sport, especially during the playoffs.”

- Zach, Google Play Store 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

💰 Exclusive Sign-up bonus	Exclusive: $2,500 No Sweat Bet
💰National sign-up bonus	Bet $5, Win $150
🏅 Top feature	Best sports betting app promos
💵 Minimum deposit	$500
💵 Minimum wager	$5
🕒 Payout speed	Within 24 hours
App Store rating	4.9/5 ⭐ (1.8M reviews)
Google Play rating	4.7/5 ⭐ (380.7K 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 (Exclusive)	Aug. 14, 2025
🕒 Offer expiry (National)	Aug. 10, 2025
✅ Last verified	July 31, 2025

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 mobile FanDuel platform is second to none in terms of betting apps with bonus bets, allowing you to easily claim the offer and wager it on various betting markets within a few swipes. 

Straightforward terms: An initial losing 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

Large minimum deposit: FanDuel’s welcome bonus has a sizeable $500 minimum deposit.  

Missing MLB props: We noticed that sometimes FanDuel is missing popular MLB props, such as pitcher outs recorded. 

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 2025.

5. Fanatics Sportsbook - Best safety net bonus

{{bonuscard:playbook=458}}

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 $1 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 $10 deposit and $1 wager is required.   

 Place a daily wager of at least $1 on any market with -500 odds or longer. If your wagers lose, Fanatics Sportsbook up to a $100 FanCash 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 Fanatics Sportsbook qualifying wager and expires after 365 days.

This Covers-verified Fanatics Sportsbook promo expires on {{bonus/betfanatics-sportsbook/primary/end_date/us}.

Covers BetSmart Rating: ⭐ 4.6/5

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 (National)	$1,000 in No Sweat Bets in FanCash
💰 Sign-up bonus (AZ, CO, CT, IN, LA, MA, MD, MI, NJ, PA, TN, VA, WV)	Choose: Bet $30, Get $300 or $1,000 in FanCash
💰 Sign-up bonus (NY)	Bet $10, Get $20 in Bonus Bets
🏅 Top feature	Best reward program bonuses
💵 Minimum wager	$1
🕒 Payout speed	Within 24 hours
App Store rating	4.8/5 ⭐ (126.1K reviews)
Google Play rating	4.7/5 ⭐ (27.1K 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	{{bonus/betfanatics-sportsbook/primary/end_date/us}
✅ Last verified	July 31, 2025

Fanatics Sportsbook iOS app

What we like

Daily first bet match: The Fanatics Sportsbook offer matches your first bet of the day if the wager loses, meaning you’ll always have FanCash 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. This is a cool feature that you won't find elsewhere. 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 the Fanatics Sportsbook bonus has a high total value, you only need to make an initial $10 deposit and $1 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 Fanatics Sportsbook can be slightly confusing since the amount you earn can change every day.

Our Fanatics Sportsbook review provides an extensive look into this emerging operator that offers one of the best sportsbook promos in 2025, which does not require a Fanatics Sportsbook promo to claim. 

6. DraftKings - Best bonus for MLB fans

Bet $5, Get $150

New customers only. Deposit min. $5. Place first bet of min. $5 (at -500 odds or greater) and get $150 in bonus bets instantly.

Claim $150

Who it's for

We recommend this DraftKings Sportsbook promo to any sports bettor because similar to most ‘bet and get’ sports betting offers, it ensures future wagering flexibility, which is something that we target when making the list of the best sportsbook promos. You can use your six bonus bets on six future wagers, resulting in a potentially lucrative return on your initial $5 (at -500 odds or greater) investment.

Bonus terms and conditions

No DraftKings promo code is required to secure this offer.

Make a minimum deposit of $5 and wager of $5 (at -500 odds or greater).

 If your wager wins or loses, you will receive $150 (6 $25 bonus bets) 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 promotion expires at 11:59 p.m. ET on Aug. 3, 2025.

Covers BetSmart Rating: ⭐ 4.5/5

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
User experience	⭐ 4.8/5
Betting odds	⭐ 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 an account with DraftKings, and it's been a great experience being able to have access to this kind of opportunity to bet and win from your home.”

- Jamar, Google Play Store user

DraftKings responsible gaming  

One bonus per new customer. Min. $5 deposit. Min. $5 (at -500 odds or greater) bet. Get max. $150 issued as non-withdrawable bonus bets that expire in seven days (168 hours). Stake not included with payout. Terms: dkng.co/ftball. Offer expires on Aug. 3, 2025, at 11:59 p.m. ET.

GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD).[1.5%] 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. Terms: draftkings.com/sportsbook. On behalf of Boot Hill Casino & Resort (KS).

DraftKings at a glance

💰 Sign-up bonus	Bet $5, Get $150
🏅 Top feature	Best sportsbook promotions for MLB
💵 Minimum deposit	$5
💵 Minimum wager	$5 (at -500 odds or greater)
🕒 Payout speed	Within 24 hours
App Store rating	4.8/5 ⭐ (840.9K reviews)
Google Play rating	4.3/5 ⭐ (171.7K 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. 3, 2025
✅ Last verified	July 31, 2025

DraftKings iOS app

What we like

Minimal initial buy-in: A measly $5 initial deposit and $5 (at -500 odds or greater) wager is all you need to invest to secure this DraftKings welcome bonus, making it very accessible for all types of sports bettors.

Account boost: You will receive the $150 bonus if you win or lose your first bet.

Bonus structure: DraftKings issues the promo as 6 $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 $150 for signing up. 

Seven days to use bonus: Unfortunately, the sports betting offers' bonus funds are only valid for seven days (168 hours) 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 2025, and don't forget to check out the latest DraftKings promo code and corresponding offers.

7. BetRivers - Best bonus for casual bettors

Up to a $500 Second Chance Bet

Code: COVERSBONUS

Claim $500

Who it's for

We recommend BetRivers Sportsbook's 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 BetRivers Sportsbook 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 is currently available until Dec. 31, 2025.

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 bonus for newbies
💵 Minimum deposit	$10
🕒 Payout speed	Within 24 hours
App Store rating	4.9/5 ⭐ (19.5K reviews)
Google Play rating	4.6/5 ⭐ (7.8K reviews)
🌎 Available states	AZ, CO, DE, IL, IN, IA, LA, MD, MI, NJ, NY, OH, PA, VA, WV
🕒 Offer expiry	Dec. 31, 2025
✅ Last verified	July 31, 2025

BetRivers iOS app

What we like

Reasonable initial investment: You only need to invest $10 of your own money to claim this BetRivers Sportsbook 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 2025. 

More of the best online betting offers for new customers

We've outlined several additional enticing U.S. sports betting promos you can claim in 2025 below:

How to get your sportsbook promo

Redeeming the best sports betting promotions for new users in 2025 takes minimal time and effort when you follow the simple steps we've outlined below.  Simply choose your preferred promo, create an account, verify your identity, and claim your offer.

Top games to bet on this week

Who said that summer is the 'slow season' for sports? Between the MLB, WNBA, NASCAR, golf, UFC, and boxing world, there are plenty of betting opportunities available. We've outlined the top games to bet on this week below: 

Popular types of sports betting promos

The most popular sports betting promos include Bet & Get offers, first deposit bonuses, and second chance bets. Each of these promos provides you with an opportunity to build your bankroll. The table below outlines the top promos you're likely to find when signing up for a sportsbook in 2025. 

How do 'Bonus bets (bet and get)' offers work?

Bonus bets are one of the best sports betting promotions in 2025, providing a guaranteed bonus — typically ranging between $100 and $200 — to the new bettors as long as they meet the offer's minimum requirements. Most online sportsbooks give you your bonus whether you win or lose, but do note that some betting sites require you to win your initial wager to get the bonus.

Best 'bet and get' bonus: 

How do 'Second chance bet' offers work?

Second chance bets allow new bettors to wager with confidence initially, knowing that if their first bet fails, the sportsbook returns the amount wagered up to a specified number. We consider this to be one of the best sportsbooks promos for new users since they give users two chances to make get off to a strong start at the site.

What is the BetMGM $1,500 bonus?

BetMGM is currently offering a 'second-chance bet' welcome offer, awarding new users up to $1,500 back if their first wager loses.  

Best 'second chance bet' bonus: 

How do 'Deposit match' offers work?

A deposit match bonus — or cash bonus — is arguably the most common sportsbook bonus out there, as online sports betting sites will match your deposit up to a specified dollar amount, which is usually 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.

Best 'deposit match' bonus: 

How do 'No deposit bonus' offers work?

While it's is extremely rare, 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. Simply sign up, and your account will be credited with — usually a small amount — of bonus money.

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.

Sportsbook bonuses for existing users

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 2025 can help you score exclusive sports betting bonuses and promos, too. We've outlined several of the best sportsbook odds boosts and promos current bettors can claim for the NBA and NHL playoffs:

Odds boost

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 Indiana Pacers were playing the Oklahoma City Thunder, and the line was set at +100 boosted odds for the Thunder to win.

Given the likelihood of the Oklahoma City Thunder beating Indiana, regular odds would line up at about -300 for the moneyline. 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.

Reload bonuses

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 Super Bowl 59 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 among 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 bonus.

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

Up to $75 Referral Bonus

No code required

Claim $75

FanDuel has the best betting app promos in 2025 thanks to its 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 sport betting offers or an online casino bonus, all promos come with specific terms and conditions that you should read carefully before claiming. Failure to do so could result in forfeited bonuses. You also want to keep the wagering requirements in mind so that you know how many times you need to play through your funds before they are withdrawable.

We've outlined several mistakes to avoid when claiming sports betting promos and bonuses.

Allowing promotions to expire

Most operators will only give you a short time frame to use your bonus, which is usually between seven and 14 days. If you have unused bonus bets after the specified time, the sportsbook will remove them from your account.

Overlooking rollover requirements

Some sportsbook promos come with rollover, or "wagering" requirements. Look for "5x" or "10x" in the terms and conditions. The number before "x" indicates the number of times you have to wager your initial deposit, bonus, or both. For example, if your bonus is $100 with a 5x requirement, you would have to rack up $500 in cumulative wagers.

Neglecting minimum odds requirements

Sportsbooks may attach a minimum odds requirement to your initial wager, meaning a bet placed on shorter odds will not unlock a bonus. If terms indicate you must wager on minimum -200 odds, be sure to lock in your bet on -175, -150, +100, or longer odds.

Betting on ineligible markets

If your qualifying wager has to settle within seven days, futures bets may not be an option. If terms and conditions allude to same-game parlays, you may not be able to place single-game wagers with your bonus bets. Check out the list of ineligible markets to ensure you're aware of market limitations.

Not maximizing value 

While $1,000 bets aren't for everyone, understanding the full scope of sports betting offers will put you in a position to make an informed decision when it comes to how much you deposit and wager. For example, there's no need to place a $100 wager if it takes only $5 to earn you $200 in bonus bets.

Cashing out of qualifying wagers 

Some welcome promos, like Bet & Get or First Bet Insurance, require you to place a qualifying wager before you receive the bonus. If you cash out of this bet before it's settled, you will forfeit your bonus, so make sure to avoid doing that. 

Sports betting promo codes and bonuses by state

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

Secure the best sports betting promotions from current and new betting sites in the following U.S. states:

State-specific sportsbook promos

State-specific DFS and social betting promos

Which sportsbooks have the best promos?

Our betting experts have determined that the sportsbooks below offer the best promos in 2025 below: 

bet365 bonus code - Bet $5, Get $150 Win or Lose	ESPN BET promo code - Up to $600 in Bonus Bets
BetMGM bonus code - $1,500 First Bet Offer	DraftKings promo code - Bet $5, Get $150
FanDuel promo code - Exclusive: $2,500 No Sweat Bet	Fanatics Sportsbook promo - $1,000 in No Sweat Bets in FanCash
Borgata promo code - Bet $20, Get $100	BetRivers bonus code - Up to $500 Second Chance Bet
Caesars Sportsbook promo code - Bet $1, Double Winnings on Your Next 10 Bets	Hard Rock Bet promo code - Bet $5, Get $150

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

How Covers' experts choose the best sportsbook bonuses

Our team of experts has evaluated every regulated online sportsbook in the U.S. to gain a keen understanding of their welcome bonuses, daily promotions, and rewards programs.

Not only do we keep a close eye on the latest updates from legal sportsbooks, but we also put the bonuses to the test by activating them and providing first-hand feedback that new players can absorb. Collectively, our team has made thousands of wagers and seen each operator try different bonuses, from 'bet and gets' to 'no sweat first bets' and more.

Primary considerations when evaluating the best sportsbook promos

✅ How much to deposit and wager to maximize the welcome bonus

✅ What is the maximum bonus available

✅ The playthrough, rollover, or wagering requirement to withdraw funds (the lower, the better)

✅ Amount of time allotted to meet the promo code requirements (e.g., seven days)

✅ Any minimum odds associated with the promo

✅ Any reward or loyalty programs to consider

✅ Other eligible promotions, including boosts, complimentary bonus bets, and more

Why trust Covers?

Covers has been a leading sports betting industry expert for three decades, establishing an authority within this space.

The sports betting promo codes and 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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