Top Sportsbook Deposit Bonuses 2021

Breaking down all of the top sportsbook deposit bonus sign up offers!

Deposit Bonuses

There are a lot of sportsbooks available to you today. To separate themselves from the pack, sportsbooks will offer valuable sportsbook bonuses to attract users to their platforms.

A popular sign up bonus available on sports betting platforms is the Deposit Bonus. On this page, you’ll find breakdowns of deposit bonuses and the best offers available today.

Top Betting Site Deposit Bonus Offers

Bet365

Best Live Betting
  • Best live betting experience on the market
  • Parlay Builder is super-fun
  • Ongoing early payout promotions
  • Shared wallet between sportsbook and Bet365 Casino
  • Lack of daily odds boosts
  • Not a very inviting desktop experience
Welcome Offer
Up to $500 in Bet Credits
Claim Go to website

New customers only. Make a qualifying deposit (min $10), place bets to deposit value, once they are settled, matched amount in Bet Credits available to use. Bet Credits risk excluded from returns. T&Cs apply.

Website: Bet365.comFounded: 2000
Owner: Bet365Headquarters: Stoke-on-Trent, England
Bet365 Homepage
Bet365 App Store
Bet365 Live Betting

Summary

Author: Patrick Corkery Patrick Corkery

One of the world’s largest betting sites, Bet365 is looking to expand its horizons to the good ole US of A. Founded in 2000 and headquartered in the United Kingdom, Bet365 has been critically acclaimed globally and is often cited as the world’s best online sportsbook. In 2019 they made their first foray into the American market with Bet365 NJ. Their advanced features and Bet365 casino make this a phenomenal site for sharps and intermediates, but novices may be turned off by the uninviting desktop experience and lack of daily odds boosts.

Read full review

DraftKings Sportsbook

  • Widely available
  • Regular promotions
  • Fantastic interface
  • Great variety of games
  • Not a strong bonus offer
  • High minimum withdrawal
Welcome Offer
Deposit Bonus of up to $1,000
Claim Go to website
Website: sportsbook.draftkings.comFounded: 2012
Owner: DraftKingsHeadquarters: Boston, Massachusetts
Draft Kings Homepage
Draftkings Sportsbook Iphone App
Draft Kings Live Betting

Summary

Author: Patrick Corkery Patrick Corkery

Since launching as a revolutionary daily fantasy platform in 2012, DraftKings has been dominant in the online sports gaming world. With the overturn of PASPA and the legalization of online sports betting in New Jersey in 2018, DraftKings was the first widely available online sportsbook.

They haven’t looked back since and remain the predominant platform for online sports betting. With fun to be had across all three of their platforms daily fantasy, sports betting, and casino platforms it’s hard to see the Boston-based company giving up their crown anytime soon.

Read full review

BetRivers

  • Live streaming of select events
  • Casino options in some states
  • Bonus offer works with sportsbook and casino
  • No custom single game parlay creator
  • Clunky interface on mobile and desktop
  • Subpar mobile experience
Welcome Offer
100% Deposit Bonus up to $250
Claim Go to website
Website: betrivers.comFounded: 2019 (online casino)
Owner: Rush Street InteractiveHeadquarters: Chicago, IL
Bet Rivers Home page
Betrivers app
Bet Rivers NBA Page

Summary

Author: Patrick Corkery Patrick Corkery

Owned by gaming company Rush Street Interactive, Rivers Casino has been a name known to Pennsylvania gamblers for years. In 2019, their online sports betting site BetRivers Casino officially launched. There are definitely areas to improve upon, but BetRivers is here to stay in the online sports betting world.

Read full review

Sportsbook Deposit Bonuses

To draw in new users, sportsbooks will offer sign up bonuses. These offers are ways to add value to the experience of using their platform as well as make their betting site stand apart from the competition.

A popular sign up bonus is the Deposit Bonus. Sportsbook deposit bonuses usually match your initial deposit on a sportsbook up to a certain amount. You can then use the matching bonus funds to bet, and as long as you fulfill the turnover requirement, you will be able to withdraw the winnings from your bonus as real money.

We’ve scoured some of the top sportsbook deposit bonuses available and broken them down for you - choose your’s today!

All Sportsbook Bonuses

Rank Bonus Turnover Min odds 
1

2 Risk Free Bets up to $2,000

Turnover: 1x bonus amount

Lowest odds: -200

Claim Go to website
2

Up to $500 in Bet Credits

Turnover: 1x bonus amount

Lowest odds: -500

Claim Go to website

New customers only. Make a qualifying deposit (min $10), place bets to deposit value, once they are settled, matched amount in Bet Credits available to use. Bet Credits risk excluded from returns. T&Cs apply.

3

Risk Free Bet of up to $500

Turnover: No requirements

Lowest odds: -300

Claim Go to website
4

Risk Free Bet of up to $500

Turnover: 1x bonus amount

Lowest odds:

Claim Go to website
5

Risk Free Bet of up to $1,000

Turnover: 1x bonus amount

Lowest odds:

Claim Go to website
6

Deposit Bonus of up to $1,000

Turnover: 25x bonus amount

Lowest odds: -300

Claim Go to website
7

Risk Free Bet of up to $5,000

Turnover: 1x bonus amount

Lowest odds: -500

Claim Go to website
8

Risk Free Bet of up to $1,000

Turnover: 1x bonus amount

Lowest odds:

Claim Go to website
9

Risk Free Bet up to $500

Turnover: 1x bonus amount

Lowest odds: -200

Claim Go to website
10

Bet $10, Get $50

Turnover: 1x bonus amount

Lowest odds: -200

Claim Go to website
11

$10 No Deposit Free Bet with a
$1,000 Risk Free Bet

Turnover: 1x bonus amount

Lowest odds: -200

Claim Go to website
12

100% Deposit Bonus up to $250

Turnover: 1x bonus amount

Lowest odds: -200

Claim Go to website

Sportsbook Deposit Bonus FAQ

Everything you need to know about sportsbook deposit bonus sign up offers

What sportsbooks offer deposit bonuses?

The following sportsbooks offer deposit bonuses to new users:

Can deposit bonuses be combined with other sign up bonuses?

Probably not. Many sportsbooks offer differing sign up bonuses depending on if you want to sign up through the sportsbook or casino platforms or if you have a promo code that gives you access to an exclusive bonus.

It can differ from site to site, but you’d be hard-pressed to find a betting site that allows you to combine multiple sign up bonuses. They’re not running a charity!

How long will it take to get my deposit bonus?

This can vary depending on the site. Some sportsbooks promise to get you your bonus money within 1 hour, while others only state that it can take up to 72 hours. In all likelihood, it won’t take that long, but it’s good to keep that as an expectation and be pleasantly surprised if your bonus is added to your account earlier.

Are there limits on deposit bonuses?

Yes. Sportsbooks typically cap your deposit bonus at a certain figure. BetRivers, for example, will only match your initial deposit up to $250. Here, we've clearly outlined the maximum amount each sportsbook is currently offering for their deposit bonus promotion.

What’s the difference between a deposit bonus and other sportsbook bonuses?

Deposit bonuses are different from other types of bonuses because they often don’t require you to make a bet, or even if they do the result of the bet doesn’t matter. The important element at play is simply that you have made a deposit on the betting site.

That makes this bonus a bit more valuable to users than the popular risk free bet, but less popular than the rarely-seen no deposit free bet.

Which deposit bonus is the best?

In our opinion, Bet365 and BetRivers offer users the best value.

Bet365 offers users a higher total possible value, while BetRivers doesn’t require users to place a bet before receiving their bonus, making the bar to entry much lowe

What is a deposit bonus?

Deposit bonuses are a common sign up offer employed by sportsbooks here in the US.

They typically work in a simple fashion - make your first deposit and the sports betting site will match.

This bonus is popular with betting sites because it presents a win-win proposition for both parties - the betting site gets you to sign up with them and make a deposit, while you get some free money to bet with.

BetRivers Deposit Bonus

BetRivers currently offers new users a bonus on their first deposit

While this is similar in some ways to the risk free bet model of sign up bonuses, deposit bonuses do not require you to place a losing wager to be eligible for your bet credits. You’ll get a bonus simply for putting money into your account.

Due to this distinction, deposit bonuses offer users a lot more value than risk free bets. However, they are offered less frequently because the betting site has to sacrifice capital with no guarantee that it will be pure profit on their end.

Featured Sportsbook Deposit Bonus

DraftKings Sportsbook Deposit Bonus

Deposit Bonus of up to $1,000

DraftKings Sportsbook is one of the most dominant sports betting sites in the American market today. Since launching in 2018, the King of daily fantasy sports has leveraged their trusted brand into creating a prolific platform for bettors.

New users to DK can claim a deposit bonus of up to $1,000 when joining the site. They measure your bonus by matching 20% of your initial deposit. So if you want the full value of your potential bonus, you’ll need to have an initial deposit of $5,000. More realistically, if you initially deposit $500 your maximum value would be $100.

The sportsbook will then measure out your bets over time. Once you’ve wagered your full potential bonus amount, you will finally be eligible to receive your deposit bonus.

This functionality is a bit atypical for deposit bonuses and perhaps not the most user-friendly, but as the most popular online sportsbook in the country, DraftKings isn’t exactly starved for new users. So from their perspective, it makes sense to have a bonus structure that attracts returning customers instead of one-time users.

Plus, DraftKings Sportsbook is usually extremely generous with their ongoing promotions for regular users, so you will still receive value from the site down the line.


Top Betting Site Deposit Bonus Offers

The following sportsbooks are currently offering deposit bonuses to new users:

  1. Bet365 - the world's most popular sports betting site
  2. BetRivers - Rivers Casino's online sportsbook offering
  3. DraftKings Sportsbook - America's most popular sportsbook

Top Betting Site Deposit Bonus Offers

  1. Up to $500 in Bet Credits

  2. 100% Deposit Bonus up to $250

  3. Deposit Bonus of up to $1,000

How do Sportsbook deposit bonuses work?

Like we’ve said before, after registering your account, you will need to deposit money.

There may be a minimum deposit requirement that you must meet, but that is typically a small amount like $5 or $10.

Deposit strategically - know your minimums and maximums

Additionally, deposit bonuses will be capped at a certain amount. So if a sportsbook says they will match your deposit up to $250, then if you deposit more than that number you will only receive the $250 they promised that you would. This ensures that users aren’t taking advantage of the system by putting thousands into their account and then immediately withdrawing once your bonus has been settled.

For these reasons, it is extremely important to be smart with how much you invest in your initial deposit. Maximizing the value of your bonus puts you in the best position to succeed on a sportsbook.

Your bonus should be put into your account shortly after you make your qualifying deposit. After you receive your bonus, you will most likely need to fulfill a turnover or playthrough requirement.

How many times you need to playthrough your bonus money can differ depending on which site you use, so make sure to read your T’s and C’s before locking in your bonus.

Featured Sportsbook Deposit Bonus

Bet365 Deposit Bonus

Up to $500 in Bet Credits

While only slowly expanding here in the US, Bet365 is the world’s most popular online sports betting site. With an extremely deep suite of features for experienced bettors, such as their extraordinary live-betting experience, the British bookmaker has firmly established itself as the sharp bettor’s brand of choice.

They also have a generous deposit bonus for those interested in trying out the site for themselves. Once you have signed up, simply deposit and place a real-money wager of at least $10.

Win or lose, once your qualifying bet is settled Bet365 will scan your account to determine the largest deposit you’ve made in the preceding 7 days. They will match that dollar amount in bet credits up to $500.

You can then use these credits however you’d like. You can place 500 $1 bets or 1 $500 bet. This type of freedom and flexibility is all too rare in sign up bonus offers and makes Bet365’s deposit bonus one of the most valuable on the market.

Play Now

New customers only. Make a qualifying deposit (min $10), place bets to deposit value, once they are settled, matched amount in Bet Credits available to use. Bet Credits risk excluded from returns. T&Cs apply.


5 Key features of a deposit bonus

Speaking of reading your Terms and Conditions, there are some elements of sportsbook deposit bonuses you need to be on the look out for.

These can affect how and when you get your bonus, how you can use your bonus money, and when your bonus will be converted into real cash that you can use.

Here’s what you need to keep an eye out for:

Method of Deployment

Not all deposit bonuses are created equal. Most simply match your initial deposit, however, some are a bit more involved than that.

As we mentioned earlier, DraftKings Sportsbook keeps a running tally of how much you’ve wagered from your initial deposit. As you bet more of your initial deposit over time, your money will go towards building up towards the full value of the deposit bonus.

Luckily, this system is the exception to the rule, but you should still do yourself a favor and make sure that you don’t go in expecting to get your bonus money right away and end up disappointed.

Draft Kings Sportsbook Deposit Bonus Tracker

DraftKings Sportsbook tracks your bets over time

Qualifying Deposit Requirements

For just about any bonus, there will be a minimum deposit or bet requirement. It’s simply part of the system.

Luckily, these requirements tend to be small in monetary value (only $5 or $10), but the one thing you don’t want to do is fail to meet the minimum requirements. Then you put yourself at risk of missing out on your sign up bonus entirely.

Turnover Requirement

Also known as playthrough requirements, this is the number of times you will need to bet your bonus money for it to be converted into real money that you can withdraw. Bet365 and BetRivers only require you to turnover your bonus once, making it quick and easy to convert your bonus to cash.

This is not unique to this type of bonus, but it is an element that you certainly need to familiarize yourself with so you’re not in for a nasty surprise if you need to fulfill a huge turnover requirement.

Flexibility

How your sportsbook allows you to divvy up your bonus is very important to determine its true value. While many deposit bonuses allow you to split your bonus cash into as many bets as your heart desires, some will try to force you into using your entire bonus on one bet, which significantly hurts your bonus’s value due to the increased risk.

Potential Value

This is the first thing you’ll see when signing up for your sportsbook. That big cash number the betting site throws at you to try to reel you in and become a customer.

While having a high potential value is important, bonuses with high monetary value often come with more strings attached. DraftKings Sportsbook has a very high potential value but comes with a lot of barriers to entry that make it a bit more difficult to reach that big number.

When assessing the true value of your bonus you need to analyze how realistic it is for you to reach the offer's highest possible value.

Featured Sportsbook Deposit Bonus

BetRivers Promo Code

100% Deposit Bonus up to $250

The Rivers chain of casinos has established itself nationwide as a powerhouse in the brick-and-mortar sector. With the relatively recent rise of legal online sports betting, it only made sense that they would throw their hat in the ring as well. With the launch of the BetRivers online sportsbook in 2019, they did just that.

BetRivers offers users a refreshingly simple and straightforward welcome bonus.

Once you click the link below to sign up, enter the promo code ‘250MATCH’ during registration. Once you make your first deposit of at least $10, BetRivers will match your investment 100% up to $250.

It’s not a mind-bogglingly high value, but it’s simple, easy to understand, and has a low turnover rate for easy conversion.

All in all, a very solid deal!


Other Sportsbook Bonuses

While deposit bonuses are common, they are not the only sign up bonus available to bettors looking to sign up with a new sportsbook. Check out these other types of sportsbook bonuses!

Risk Free Bet

Rapidly growing in popularity, the risk free bet is a win-win proposition for both the sportsbook and the user. The sportsbook gets you to place a real-money bet, and you have some insurance if your first wager goes awry.

Points Bet Bonus

PointsBet offer new users a pair of risk free bets

Employed by some of the biggest sportsbooks on the market, including PointsBet, Unibet, 888 Sport, and FanDuel Sportsbook, risk free bets are currently the most popular sportsbook sign up offer out there.

Free Bet

A bit uncommon these days, the Free Bet is one of the most valuable sportsbook sign up bonuses available to new users.

Usually, free bets try to lure new players in by promising them the chance to use the platform for free without even having to deposit. In this way, the new user gets to test out the platform all while not taking on any additional risk at all. The value is low for the sportsbook as they run the risk of giving away money to someone who is simply going to use their bonus and never return to invest any of their own capital.

Barstool Sportsbook Free Bet

Barstool Sportsbook is currently offering users a free bet after they sign up

This method was more popular in the early days of legal online sports betting when there was a mad dash to acquire customers, particularly those new to betting that were afraid of risk. It’s a bit out of fashion now that many online sportsbooks have established themselves and aren’t as desperate for new users, but you’ll still see them offered occasionally.

Sites like Barstool Sportsbook and Bet365 still offer these bonuses to new users.