Sportsbook Promos: Best Sportsbook Promo Codes and Bonuses 2023

Last Updated: Mar 21, 2023
Fact Checked By: Josh Collacchi

One of the most important aspects for new sports bettors is to take full advantage of sportsbook promos offered by various operators in your state. You can get first bets, bonus bets, second chance bets and more depending on the sportsbook you sign up for.

What Are The Best Betting Promotions Available?

🎁 BetMGM Sportsbook BonusROTOBONUS - $1,000 First Bet Offer
🎁 Caesars Sportsbook BonusROTOFULL - First Bet On Caesars, Up To $1,250
🎁 WynnBET Sportsbook BonusXROTOWIRE - Bet $100, Get $100 In Bet Credits
🎁 FanDuel Sportsbook BonusNo Sweat First Bet, Up To $1,000
🎁 BetRivers Sportsbook BonusSPORTS - 2nd Chance Bet, Up To $500
🎁 DraftKings Sportsbook BonusBet $5, Win $150 In Bonus Bets
📆 Last VerifiedMarch 21, 2023

Sign up today using these sportsbook promo codes for the top sportsbooks to take advantage of the thousands of dollars in bonus funds available in your state.

There are dozens of legal online sportsbooks, and most offer compelling sign-up bonuses to gain your attention. These sports betting promotions offer new users bonus funds to start wagering with, simply by signing up with the available sportsbook promo codes.

Online sports betting sites must also work hard to prevent you from switching to a rival sportsbook. That inspires them to offer all customers a range of ongoing promos, including odds boosts, parlay bonuses, and loyalty programs. 

This sportsbook promo codes guide highlights the best offers on the market. We will break down the best promo codes, teach you how to claim them, explain the concept of rollover requirements, and help you extract maximum value from the online sportsbook bonuses you receive.

Best Sports Betting Promo Codes And Bonuses

We've selected eight online sportsbooks that provide the best sign-up bonuses and ongoing promotions in the business. They also happen to be eight of the most widely available sports betting sites in the country, so millions of Americans can benefit from these sportsbook promo codes today.

Caesars Sportsbook

The Caesars Sportsbook promo code ROTOFULL provides new customers with a first bet on Caesars, up to $1,250. You will also receive 1,000 Caesars Rewards Credits and 1,000 Tier Credits for the loyalty program as part of the welcome package. To claim this bonus, click the link on this page, sign up for an account, make a deposit, and place a bet worth $10 or more on any sporting event.

If your first bet wins, you keep the money. If it loses, you get your money back as a bonus-bet token, up to a maximum of $1,250. That makes it the largest sign-up bonus on the market at the moment. The bonus bets have a 1x rollover requirement, and you must use it all in one go, rather than dividing it up into smaller bets. Any profits you secure will go into your account balance.

Other Promotions at Caesars Sportsbook

Caesars Sportsbook offers more odds boosts each day than any other sportsbook. You will also find a range of additional sports betting promotions, which can be redeemed by existing customers on a recurring basis. They include profit boosts, a referral bonus, bet and get deals, and prize draws. Visit the Caesars Sportsbook "Promotions" section to see which offers are available each week.

BetMGM Sportsbook

The BetMGM bonus code ROTOBONUS entitles you to a first bet offer, worth up to $1,000. You can sign up and place a minimum $10 bet on any sport. If it loses, BetMGM will provide you with a full rebate, up to a maximum of $1,000. The rebate is paid out as bonus funds, which have a 1x rollover requirement.

If the rebate is for less than $50, BetMGM will give you a single bet credit. Larger refunds will be split into five equal payment, such as 5 x $200 bet credits if you place an unsuccessful $1,000 wager. There are no minimum odds restrictions, and you can use them on any sports.

Other Promotions at BetMGM

The odds boosts at BetMGM are called "Lion's Boosts." You will find them on the biggest sporting events of the week. It also provides one game parlay insurance, whereby you get your stake back if you miss one leg. The "Parlay Plus" bonus boosts payouts by up to 40% on winning parlays. You can also secure bet credits as a reward for placing certain wagers  -- often referred to as bet and get deals -- and it runs a referral bonus too, so you will find a comprehensive array of ongoing sportsbook bonuses at BetMGM.

BetRivers Sportsbook

BetRivers offers new customers a 2nd Chance Bet, worth up to $500, with the BetRivers bonus code SPORTS. You just need to place a qualifying first bet, and if your bet settles as a loss, you get the money back as a bet credit, matching your initial wager, up to a maximum of $500.

This bet credit has just a 1x rollover requirement. You need to hit minimum odds of -200 when using the bet credit, but you can wager on any sport. You can claim as many sportsbook promo code bonuses as you'd like, so feel free to use the BetRivers welcome offer along with those from other top sportsbooks as well.

Other Promotions at BetRivers

BetRivers provides a very impressive array of recurring sportsbook promos. You will be offered plenty of profit boost tokens each week -- a 20% NFL boost, a 20% soccer boost, a 20% tennis boost, and so on. It also provides odds boosts, bet credit deals, and contests, such as the $500,000 NFL Same Game Parlay tournament.

WynnBET Sportsbook

To celebrate Super Bowl LVII, the WynnBET promo code XROTOWIRE offers new customers $100 in bonus bets when placing a qualifying wager of $1 or more. You can sign up for an account, deposit $20 using any of the methods listed, make your wager and earn $100 in bonus bets just for getting started with WynnBet.

Other Promotions at WynnBET

WynnBET offers a few different bet and get sportsbook bonuses for existing customers each week. For example, on Monday through Wednesday, you can place a $50 parlay with four or more legs and get a $10 bonus bet. It will also give you a $10 bonus bet if you place a $25 same-game parlay with three or more legs.

There are various similar promotions each week. It also gives out a $1,000 bonus bet to the player who lands the winning parlay with the longest cumulative weekly odds. There is a high-roller promotion called Double Dimes Club, and the WynnBET Win Hour promotion each Thursday allows players to bet on reduced juice lines.

FanDuel Sportsbook

The FanDuel Sportsbook promo code offers new customers a no sweat first bet of up to $1,000 in bonus bets when they sign up ahead of Super Bowl LVII.

The FanDuel sign-up bonus is usually a No Sweat First Bet, worth up to $1,000. For this promotion, if your first bet loses, the FanDuel promo code offer will reimburse you with site credit, up to $1,000. You must roll it over once before cashing out, either in one go or as a variety of smaller bets.

FanDuel regularly runs short-term alternative sign-up bonuses to the No Sweat First Bet offer. For example, at the start of the NFL season, it ran a Bet $5, Get $150 in guaranteed bonus bets deal. These are some of the best sportsbook promo offers on the market, so it's always worth looking out for them. We will let readers know if similar sportsbook promo codes appear in the future.

Other Promotions on FanDuel

FanDuel offers existing customers a No Sweat same game parlay bet each week on Thursday Night Football. There is a similar promotion for MLB bettors too. It runs free-to-play contests, such as the $1,000,000 Hi-Lo NFL tournament and the Swing For The Greens golf contest, along with sport-specific promos like Dinger Tuesdays for MLB fans. There is also a referral bonus, along with a variety of odds boosts each day.

DraftKings Sportsbook

The DraftKings Sportsbook promo code offer for new customers is a bet $5, win $150 in bonus bets deal. Simply sign up and place a $5 first bet, and if it wins, you'll get $150 in bet credits.

DraftKings Sportsbook regularly provides very appealing short-term sportsbook bonuses for new users. The Bet $5, Win $150 bonus offer allows you to wager just $5 on any sport for a chance to win $150 in bonus credits -- split into six $25 bonus bets, each with a 1x rollover requirement. 

Other Promotions on DraftKings

DraftKings Sportsbook runs daily free-to-play pools. You can make a series of predictions on a sports event, and the players with lots of correct answers rise to the top of the leaderboard. Hundreds of players earn bet credits as prizes in each contest. There is also a referral bonus, and it runs early payout specials on some NFL games.

PointsBet Sportsbook

You will receive up to $250 in Second Chance Bets if you sign up for an account with the PointsBet promo code. Click "BET NOW" on this page to redeem this sportsbook promo. On your first day, you can place a bet of up to $50, and you will get your money back as a bet credit if it loses. You will then be able to repeat that process on the next four days (five total) at PointsBet, meaning you get 5 x $50 Second Chance Bets. Any rebates you receive have a 1x rollover requirement. Only fixed-odds markets are covered by this sportsbook promo code, which does not apply to PointsBetting markets.

Other Promotions At PointsBet

PointsBet runs an appealing sportsbook promotion called Karma Kommittee. It refunds bets that lose due to a bad beat, such as a poor call from a referee or a season-ending injury. The rebate is paid as a bet credit, with a 1x playthrough requirement. It also provides a couple of odds boosts on most days.

Unibet Sportsbook

The Unibet welcome bonus is $100 in bet credits, if your first bet loses. Simply place a first bet, up to $100, and if it loses, you get a cash refund, which you can instantly withdraw without the need to roll it over. Unibet offers different sized welcome offers throughout the year, with the rebate paid as site credit, with a 1x rollover requirement as well.

Other Promotions At Unibet

You will receive a broad array of additional promos at Unibet. They include same game parlay insurance if one leg lets you down, plus a 25% profit boost on MLB same game parlays. There are lots of bet and get promos, which earn you a $10 bet credit for placing a $20 qualifying wager. You will also find daily odds boosts, and you'll always get a boost of up to 50% on winning parlays. Unibet customers receive a $10 bet credit each week as a reward for placing five or more live bets too.

Why Do Sportsbooks Offer Promo Codes?

Lots of ambitious online sportsbooks are competing for your business. Each sports betting site therefore needs to offer you a compelling incentive to choose it ahead of its many rivals. Sharp betting lines and value-added features help, but most online sportsbooks invest in eye-catching welcome bonuses as their primary means of standing out from the crowd.

They must then offer a reason for you to remain loyal to the brand rather than migrate to a rival online sportsbook. That inspires them to offer ongoing promotions, such as loyalty programs, giveaways, parlay bonuses and profit boost tokens.

It is worth noting that most online sportsbooks in the United States are currently operating at a loss due to the vast sums they are investing in welcome bonuses. The aim right now is to build up their customer bases, so profitability has taken a backseat. That means you can benefit from some seriously attractive sports betting promotions.

Sportsbooks offer promo codes throughout the year, but the activity really ramps up around major sporting events, so look out for large sportsbook promo code offers when the Super Bowl, March Madness, and the NBA Finals are on.

States Set To Launch Online Sports Betting

Massachusetts is the likely next state to launch online sports betting. The expectation is that mobile sports betting will launch in March 2023.

Most recently, Ohio sports betting went live on January 1, 2023, These are some of the top Ohio sports betting promos now available in the Buckeye State:

Be sure to take advantage of these great welcome offers from the best Ohio betting apps in the industry.

Types of Sports Betting Promos

These are the main types of sports betting promotions that you will be offered at online sportsbooks:

First Bet Offers

Many online sportsbooks will give you first bet offers when you register for an account. You normally need to wager at least $10 to qualify. The sportsbook will allow you to place a bet on any sporting event. If your wager wins, you keep the money and move on. If it loses, the sportsbook will give you a refund, matching the amount of your initial wager.

The refund is sometimes paid in cash, but it typically takes the form of bonus credit. You must then play the bonus credit through once, and any winnings you earn will be paid as cash into your general account balance. This is one of the most common sportsbook promotions.

Deposit Match Bonus

Some online sports betting sites offer to match a percentage of your first deposit with bonus funds. For example, BetRivers has offered a 100% deposit match welcome bonus worth up to $250. If you deposit $250 of your own money, you would receive $250 in bet credit. If and when a sportsbook promo code like this comes back, we will be sure to update this sportsbook promo code guide with the details.

You can normally divide the bet credit up into increments of your choosing, rather than using it all on a single wager. Any winnings you earn from wagers placed with the bonus credit will normally be paid as cash. Just make sure you check the rollover requirement attached to an online betting deposit bonus. Most only require a 1x playthrough, but some sportsbooks make you roll the funds over several times before cashing out. 

Referral Bonuses

A referral bonus rewards you with site credit if you encourage your friends to sign up with your online sportsbook. You can ask for a unique referral code and send it to a friend. Your friend can paste that code into the designated box when signing up. When your friend makes a minimum first deposit, you will both be issued with bet credit.

Odds Boosts

Several online sportsbooks offer boosted odds on major sporting events as a short-term welcome bonus. For example, an NFL team might be priced at -150 to win a game, but the sportsbook will allow you to bet $5 at boosted odds of +4000 (40-to-1) on that team if you sign up for an account. Winnings will normally be paid out in site credit, which you must then play through once before cashing out.

Many sportsbooks also provide daily odds boosts for existing customers. Those odds boosts are far more modest, and they usually apply to parlays, props and same game parlays. For example, you might be able to bet on the Brooklyn Nets to beat the Atlanta Hawks and Kevin Durant to score more than 28.5 points, boosted from +125 to +140. All winnings will be paid in cash. Caesars Sportsbook is the best sportsbook for odds boosts.

Betting Bonuses And Promo Codes By Sport

You can use sportsbook promo codes on many different sports and leagues. That could include niche table tennis or volleyball tournaments, but most bettors stick to the major leagues when using the best sportsbook bonus codes.

NFL Promo Codes

First bet offers and deposit match bonuses can be used on NFL games. Most NFL sportsbooks launch lavish odds boosts during the season too, such as the Bet $5, Win $280 football betting promo codes that DraftKings Sportsbook and FanDuel Sportsbook provided for Super Bowl 56. BetMGM is a great option for NFL fans as well, as it allows you to specify your favorite team, and it then sends you tailored sportsbook promos for that team throughout the year. You can also take part in free-to-enter sportsbook contests offering six-figure or seven-figure prize pools at many of the top sportsbooks.

NBA Promo Codes

Online sportsbooks typically offer more than 100 betting options on each NBA game, giving you lots of options to use up your bonus credits. Caesars Sportsbook offers some of the best sports betting promotions for NBA fans. For example, it was recently giving away NBA jerseys to bettors that spent $100 or more on basketball bets on NBA betting sites.

MLB Promo Codes

MLB is one of the most popular leagues among sports bettors. You can wager on a huge volume of games each year, and sportsbooks tend to make very slim margins on baseball. Any sports betting promos aimed at new customers, such as deposit match offers and bonus bets, can be used on MLB games. Sites such as FanDuel Sportsbook also offer appealing MLB promotions for existing customers, such as its Dinger Tuesdays sports betting promo code.

NHL Promo Codes

Some sites offer sportsbook promo codes specifically aimed at NHL fans. For example, BetRivers offers a 20% profit boost on live NHL wagers for all customers. Any welcome bonus funds can also be used on NHL games, and you will find regular NHL odds boosts at many sportsbooks.

College Sports Promo Codes

College sports betting laws vary on a state-by-state basis. Many states forbid prop bets on college games, while some prohibit wagering on games featuring teams based in the state. However, most states allow some form of college sports betting, and you can find various bonuses for NCAAF and NCAAB games. The biggest event is March Madness, when some of the best sportsbook promo codes reward players for making correct bracket predictions. You can also wager at the best college football betting sites on markets such as the Heisman Trophy.

How Do Sportsbook Promo Codes Work?

Sportsbook promo codes typically require you to make a deposit and place a qualifying wager to unlock bonus funds. You must then complete various wagering requirements on the bonus funds before requesting a withdrawal. All the details will be available in the terms and conditions attached to sports betting promotions.

These are the main sportsbook sign-up bonus terms to look out for:

Minimum Deposits 

You generally need to make a minimum deposit to qualify for sportsbook promo codes. It varies from one site to the next. For example, the minimum deposit at DraftKings Sportsbook is just $5, whereas you must make a minimum deposit of $20 to qualify for sign-up bonuses at Caesars Sportsbook.

Rollover Requirement 

This is one of the most important factors to consider when assessing the best sportsbook bonus codes. It tells you how many times you need to play the bonus funds through before cashing out. For example, if you receive $100 in bonus funds and there is a 1x rollover requirement, you only need to place $100 worth of wagers before withdrawing. However, if there is a 3x rollover requirement on the online sportsbook promo code, you would need to place $300 worth of wagers before any winnings would become eligible for withdrawal.

Minimum Odds

There may be a minimum odds requirement on sign-up bonuses and additional sportsbook bonuses. It may be applied to your qualifying wager, or the bonus funds you unlock, or both. For example, you may need to place a qualifying wager at odds of -125 or greater to earn the bonus funds. You may also find a minimum odds requirement on those bonus funds.

Date of Expiration 

Any funds you receive from online betting promo codes will come with an expiration date. For example, it could be 14 days or 30 days. If you do not complete the wagering requirements in that time, the bonus funds will be forfeited and removed from your account.

Cash Out

The cash out option allows you to exit an open wager before the game or wager has finished or settled. That allows you to lock in a guaranteed profit if you fear the team you bet on will fall apart and squander its lead. Most sportsbook promos stipulate that you cannot cash out bets placed with bonus funds when completing rollover requirements. When all the rollover requirements attached to the best sportsbook promo codes have been completed, you can request a cash withdrawal. 

The Best Sportsbook Promo Codes Right Now

This page has highlighted the best sportsbook promo codes on the market right now. You can browse the various sportsbook bonuses listed above and choose the one that appeals to you the most. Click the "BET NOW" links below to redeem your chosen sportsbook promo code.

You will then be able to sign up for an account and make a qualifying deposit to unlock the bonus funds. It is also worth noting that you can sign up for accounts with multiple sportsbooks if you would like to claim several of the sports betting bonuses we have recommended.

Sportsbook Promo Code FAQs

How do I use a sportsbook promo code?


You can type in an online sportsbook promo code while filling in the registration form to unlock sign-up bonus offers, such as a sportsbook deposit bonus. You often don't even need to type anything in, as you can simply click on the link provided to activate the sportsbook's promo code, which will be applied automatically.

Are sports betting promo codes available for existing customers?


A sportsbook sign-up bonus will only be available for new customers, but you should find lots of additional sports betting bonuses for existing customers too. You can head to the sportsbook website or sports betting app promotions page to check out the best sportsbook promotions available at any time. These online betting promo codes can include first bet offers, odds boosts, contests, giveaways, parlay boosts, bonus credits, parlay insurance, and much more.

Can I only redeem a sports betting promo code once?


Sports betting sign-up promo codes can only be used once. However, you should benefit from a range of ongoing sports betting promos on the top sportsbooks too. The best sportsbook bonus code offers for existing customers include first bet offers, parlay offers, odds boosts, and bet and get deals, which we've broken down in this sportsbook promo code guide.

Which sports can I use sports betting promo codes on?


You can generally use the best sportsbook promo codes on any sports you'd like. There are some specific football betting promo codes, and certain sportsbook promotions are specific to basketball, baseball or hockey, but most promo codes can be used on any sporting event. However, there may be minimum odds requirements on a sportbook promo code, so make sure you check the terms and conditions when you use the bonus code.

How often are sportsbook promo codes offered?


Sportsbooks promo codes are offered on a continual basis. There will always be a website or betting app welcome bonus offers, and you can generally enjoy lots of ongoing sports betting promotions. Operators also launch short-term bet credit promotions and odds boosts around major sporting events like the Super Bowl, March Madness, and the NBA Finals.

When should you use a sportsbook promo code?


You should activate sportsbook promo codes immediately if you find sign-up bonuses that appeal to you. Sportsbooks change their welcome offers on a reasonably regular basis, so you may want to claim an online deposit bonus or odds boost before it expires. You will also have a specific period of time in which to use sportsbook bonus funds, so make sure you place your bets in time.

How many times can you redeem a sportsbook bonus offer?


Sportsbook bonus welcome offers can only be redeemed once per customer, and there are measures in place to prevent you from claiming these sportsbook promo codes multiple times. However, additional promotions on betting sites can be used many times by recurring customers. The terms and conditions should clearly explain how often a sportsbook promotion can be used.

What is a sports betting promo code rollover?


A sports betting promo code rollover refers to the number of times you need to play sportsbook bonus funds through before you can withdraw any winnings. The best betting app sign-up offers come with just a 1x rollover requirement. However, some betting app sign-up bonus offers require you to roll the funds over multiple times before they become eligible for a cash out, so read the terms and conditions on sportsbook promo code bonuses carefully.

What should I know about sportsbook promo codes?


When assessing the quality of sportsbook promo codes, you should focus on the size of the offer and how much of your own money you need to risk in order to redeem it. You should also focus on the wagering requirements attached to the sports betting promotions, such as the number of times you must roll the funds over before withdrawing. Our sportsbook promo codes guide breaks down the various sports betting bonuses you will be offered from the top sportsbooks in the country.

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Martin Green
Contributor since April 2022
Martin Green spent five years working at William Hill before becoming a journalist in 2009. He began working as a sports writer and professional sports handicapper and sportsbook reviewer in 2014.
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