Sportsbook promos at state-licensed books, explained by type: bet-and-get, second-chance bets, deposit matches, odds and profit boosts. How bonus bets pay, what each offer is worth and how state rules change what you see.
FanDuel Best for in-play and parlays$150 in bonus betsClaim offer Read review
DraftKings Widest market listWelcome offer to be confirmedClaim offer Read review
BetMGM Best rewards programmeWelcome offer to be confirmedClaim offer Read review
Caesars Sportsbook Best for Caesars RewardsWelcome offer to be confirmedClaim offer Read review
bet365 US Best for price shoppersWelcome offer to be confirmedClaim offer Read review
Fanatics Sportsbook Rewards you can spendWelcome offer to be confirmedClaim offer Read review
ESPN Bet Best for ESPN fansWelcome offer to be confirmedClaim offer 
BetRivers Fast Play+ payoutsWelcome offer to be confirmedClaim offer Every state-licensed sportsbook leads with a new-customer promo, and the details change by state because each regulator sets its own rules on promotions. What doesn't change is the maths: bonus bets don't return the stake, deposit matches carry playthrough, and the headline number is rarely the value.
| Promo | How it works | What decides the value |
|---|---|---|
| Bet and get | Place a qualifying bet, receive bonus bets | Whether the bet has to win, bonus bet expiry |
| Second-chance bet | If your first bet loses, stake back in bonus bets | Bonus bets are worth less than cash |
| Deposit match | A percentage of your deposit as bonus funds | Playthrough and odds requirements |
| Odds or profit boost | Higher odds or a percentage added to winnings | Maximum stake |
| No-sweat same-game parlay | Bonus bet back if the parlay loses | Parlay margin |
| Referral bonus | Bonus for you and a friend | Friend's qualifying bet |
Bonus bets are "stake not returned". A $25 bonus bet at +200 (3.00) pays $50 if it wins, not $75. Longer odds get more value from a bonus bet.
| Offer | Rough value |
|---|---|
| Bet $5, get $200 in bonus bets (win or lose) | Bonus bets often worth 60–70% of face value used at plus odds |
| Second-chance bet up to $1,000 | About 20–30% of the refunded amount, and only if your first bet loses |
| 100% deposit match with 10x playthrough | Low; playthrough costs most of it |
These are rules of thumb; the exact figure depends on the odds you use and the book's margin.
Several states restrict how promos are advertised, ban "risk-free" language, or limit promotional deductions, which is why an offer in New Jersey can differ from Ohio or Massachusetts. Each card shows the offer for your state where licensed. You must be 21 and inside the state to bet.
FanDuel's new-customer offers are easy to unlock, and its ongoing profit boosts on same-game parlays are among the most used promos in the market.
Pros
Cons
DraftKings runs the most frequent ongoing promos of the US books.
Pros
Cons
BetMGM's promo pairs a second-chance bet with MGM Rewards.
Pros
Cons
Caesars' value is in rewards and boosts.
Pros
Cons
bet365's offers sit on some of the sharpest prices in the market.
Pros
Cons
Fanatics gives FanCash rather than big bonus bets.
Pros
Cons
| Casino | Score | Best for | Welcome offer | Min deposit | Payout |
|---|---|---|---|---|---|
| FanDuel | 5.0/5 | Best for in-play and parlays | $150 in bonus bets | $10 | Usually within 24h |
| DraftKings | 4.8/5 | Widest market list | Welcome offer to be confirmed | $5 | Usually within 24h |
| BetMGM | 4.7/5 | Best rewards programme | Welcome offer to be confirmed | $10 | Usually within 24h |
| Caesars Sportsbook | 4.5/5 | Best for Caesars Rewards | Welcome offer to be confirmed | $10 | Within 72h |
| bet365 US | 4.3/5 | Best for price shoppers | Welcome offer to be confirmed | $10 | Usually within 24h |
| Fanatics Sportsbook | 4.1/5 | Rewards you can spend | Welcome offer to be confirmed | $10 | 24–48h |
| Term | Meaning |
|---|---|
| Bonus bets | Site credit to bet with; winnings paid as cash, stake not returned |
| Second chance / bet insurance | Losing first bet refunded as bonus bets |
| Playthrough (1x, 5x…) | How many times bonus funds must be wagered |
| Minimum odds | The shortest price a qualifying bet can have, often -200 or -500 |
| Expiry | Days before bonus bets expire, often 7 |
| Max stake | The cap on a boost or insured bet |
| Promo code | The code entered at sign-up, if the offer needs one |
1. Open the book's sign-up page from inside a legal state. 2. Enter the promo code if the offer needs one. 3. Deposit at least the qualifying amount. 4. Place the qualifying bet at or above the minimum odds. 5. Receive bonus bets (immediately, or after settlement) and use them before expiry.
Because the stake isn't returned, bonus bets are worth more at plus odds. A $50 bonus bet at -200 returns $25 if it wins; at +200 it returns $100. Over many bets, using bonus bets at roughly +200 to +400 converts the most of their face value into cash. Splitting a large bonus into several smaller bets reduces the chance of losing it all on one result.
| Bonus bet at | Win returns | Implied chance | Expected cash |
|---|---|---|---|
| -200 | $25 | 66.7% | ~$16 |
| +100 | $50 | 50.0% | ~$24 |
| +200 | $100 | 33.3% | ~$32 |
| +400 | $200 | 20.0% | ~$38 |
Figures assume a $50 bonus bet and a typical margin.
| Promo | How it works | When it's worth it |
|---|---|---|
| Odds boost | A higher price on a set market | When you'd bet that market anyway |
| Profit boost | A percentage added to winnings | Use on longer odds within the max stake |
| Parlay insurance | Stake back if one leg loses | On parlays you'd place anyway |
| Early payout | Paid if your team leads by a set margin | Free value on moneylines |
| Referral bonus | Bonus for you and a friend | When a friend wants an account anyway |
Some qualifying-bet rules exclude esports, and some states don't allow esports betting at all. Read the qualifying markets before placing a CS2 or LoL bet to unlock an offer.
| You are | Look for | Avoid |
|---|---|---|
| A new bettor | Bet-and-get paid win or lose | Big deposit matches with playthrough |
| A confident first bettor | Second-chance on a large first bet | Small fixed bonus bets if you'd bet big anyway |
| A parlay player | Parlay insurance, profit boosts | Boosts with low max stakes |
| An esports bettor | Offers that list esports as qualifying | Promos that exclude esports markets |
| A casual player | Simple bonus bets with long expiry | Offers with 3-day expiry |
Sportsbooks raise offers around the biggest moments in the US calendar: NFL kickoff in September, the Super Bowl, March Madness and new-state launches. Esports-specific promos cluster around the CS2 Majors, Worlds and The International. If you're opening an account anyway, those windows usually carry the strongest new-customer offers and boosts.
We convert each offer into expected cash value using the bonus-bet maths above, typical margins and the qualifying-bet cost, then check the terms that cut value: minimum odds, expiry, eligible markets and playthrough. Offers are re-checked weekly and per state, because the same headline can carry different terms in different states.
Promos are designed to get you betting more. Decide your budget first and only claim offers that fit it; never deposit more to unlock a bigger bonus. Every licensed book lets you set deposit limits before you claim anything. 1-800-GAMBLER is free and confidential.
| Sportsbook | Typical new-customer offer type | Strongest ongoing promo | Esports eligibility |
|---|---|---|---|
| FanDuel | Bet and get bonus bets | Same-game parlay profit boosts | Check per offer |
| DraftKings | Bet and get or no-sweat bet | Daily odds boosts | Usually eligible where offered |
| BetMGM | Second-chance first bet | Parlay boosts, MGM Rewards | Check per offer |
| Caesars Sportsbook | First-bet insurance or boosts | Daily boosts, Caesars Rewards | Limited |
| bet365 US | Bet and get | Early payouts | Usually eligible where offered |
| Fanatics Sportsbook | FanCash-based offers | FanCash on every bet | Limited |
| ESPN Bet | Bonus bets on first wager | Boosts tied to ESPN content | Limited |
| BetRivers | Second-chance bet | iRush Rewards, quick cash out | Limited |
Offer types and amounts change by state and by season; the card for your state shows the current terms.
A bet-and-get offer pays bonus bets whether your qualifying bet wins or loses, and the qualifying bet is usually small. A second-chance offer pays only if your first bet loses, but can cover a much larger first bet.
| Scenario | Bet and get ($5 for $200 in bonus bets) | Second chance (up to $1,000) |
|---|---|---|
| You bet $5 and win | Winnings + $200 bonus bets | Winnings, no bonus |
| You bet $5 and lose | $200 bonus bets | $5 bonus bet |
| You bet $1,000 and lose | $200 bonus bets | $1,000 bonus bets |
| Expected value for a small bettor | Higher | Lower |
| Expected value for a large first bettor | Lower | Higher |
For most new bettors, a bet-and-get offer is worth more because it pays regardless of the result.
A deposit match adds bonus funds equal to a percentage of your deposit, with playthrough. A 100% match up to $500 with 10x playthrough means $5,000 of wagering before the bonus can be withdrawn. At a 4.5% margin, the expected cost of that wagering is about $225, so the $500 bonus is worth roughly $275 if you'd bet that volume anyway, and much less if you wouldn't. That's why deposit matches have mostly given way to bonus bets.
Some sportsbooks require a code at sign-up, others apply offers automatically through the sign-up link. Codes are state-specific in places; a code advertised for one state may not work in another. Enter it before your first deposit, because most books can't add an offer afterwards.
