Top Sportsbook Deposit Bonuses 2023
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
Rank | Bookmaker | Bonus | Turnover | Min odds | ||
---|---|---|---|---|---|---|
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER. | ||||||
1 |
![]() Caesars Sportsbook | Up to $1,000 First Bet on Caesars | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 21+ only. New customers in AZ/CO/IL/IN/IA/KS/LA/MA/MD/MI/ NJ/NY/OH/PA/TN/VA/WV/WY only. $10 minimum deposit required (min $10). Must place first real money (min. $10) wager within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as a single non-withdrawable bonus bet only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt. Full T&C apply, visit Caesars Sportsbook for more details. |
2 |
![]() FanDuel Sportsbook | Bet $5, Get $200 | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. Promotion Bonus will be credited to your account within 72 hours settlement of Qualifying Wager. First online real money wager only (minimum $5). Bonus issued as non-withdrawable bonus bets that expires in 14 days. Bonus bets will be issued within 72 hours of bet placement. See full terms at sportsbook.fanduel.com. |
3 |
![]() PointsBet | 10x $100 Second Chance Bets | Turnover: 1x bonus amount | Lowest odds: -500 | Claim Go to website |
T&C Apply 21+. New customers only. CO/IA/IL/IN/KS/MD/MI/ NJ/NY/OH/PA/VA/WV. Must make a qualifying deposit (min $10) and place first real-money wager bets (minimum $0.50). If the first 10 cash bets (first bet per day for 10 consecutive days) on a fixed odds market loses, you will receive Bonus Bet(s) in the amount of the losing wager(s), up to $100 each. Full T&C apply, see sign up page for more info. |
4 |
![]() DraftKings Sportsbook | Bet $5, Get $200 | Turnover: 1x bonus amount | Lowest odds: -300 | Claim Go to website |
T&C Apply 21+. AZ/CO/CT/IL/IN/IA/KS/LA/MD/MI/NJ/NY/OH/PA/ TN/VA/WV/WY only. Minimum $5 deposit, and minimum $5 qualifying wager. Bonus Bets will be awarded instantly upon bet settlement, along with any winning if applicable. Bonus bets will be paid as eight (8) $25 non-withdrawable Bonus Bets. One qualifying bet per customer. Full T&C apply, visit DraftKings Sportsbook for more details. |
5 |
![]() Bet365 | Bet $1, Get $365 | Turnover: 1x bonus amount | Lowest odds: -500 | Claim Go to website | 21+ and present in CO/IA/NJ/OH/VA. First online real money wager only. $10 first deposit required within 30 days. Bonus issued as non-withdrawable bonus bets that expires in 90 days. Full T&C apply, visit sign up page for more info. #ad |
6 |
![]() BetRivers | 2nd Chance Bet up to $500 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply 21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/ MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500 ($250 in CO/NJ, $100 in NY/OH/AZ/WV/IA). Full T&C apply, see BetRivers for more details. |
7 |
![]() BetMGM | Up to $1,500 Back in Bonus Bets | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 21+. AZ/CO/IL/IN/IA//LA/KY/MD/MA /MI/NJ/OH/PA/TN/VA/WV/WY only. Offer not available in NY or KS. New customers only. Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,500. Full T&C can be found on BetMGM. |
8 |
![]() Betfred Sports | Bet $50, Get Up to $1,111 in Fred Bets | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply 21+. New customers located in AZ/CO/IA/MD/OH/VA only. Bonus not available in PA. Minimum $50 deposit required. Eligible customers will receive $111 in Fred Bets, as three $37 Fred Bets, upon settlement of their first $50 cash bet AND 50% back on combined total net losses per week, up to $200 in Fred Bets per week, for five consecutive calendar weeks, beginning on the date of their first bet. Full T&C apply. |
9 |
![]() Betway | 1st Bet Reset of up to $250 | Turnover: 1x bonus amount | Lowest odds: -300 | Claim Go to website |
T&C Apply 21+. New customers only. AZ/CO/IN/IA/NJ/PA/VA. Different offer available in OH. Must make a qualifying deposit of $10+. Must make qualifying cash wager at odds of -300 or greater. Qualifying Wager must settle within 7 days of opening a new Betway account. The amount of the settled losing bet will be credited back in the form of non-withdrawable bonus bets. Full T&C apply, visit Betway for more details. |
10 |
![]() Unibet | $500 Second Chance Bet | Turnover: 3x bonus amount | Lowest odds: -300 | Claim Go to website |
T&C Apply 21+. New customers only. Welcome offers differ between states. Players must opt in to promotion when registering account, make a qualifying deposit (min $10), and place first real-money wager bet (min $10). If first qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets (max bonus amount limited to $100 in AZ/IN/VA, max bonus limited to $500 in PA). Bonus bets have a 3x playthrough requirement and must be wagered on events with odds of -300 or greater. Full T&Cs apply, see sign up page for more info. |
11 |
![]() ClutchBet | Up to $1,000 in Matched Bets | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 21+. New customers only. CO only. Must deposit and wager $10+ within 30 days to become eligible for the 100% Bet Match up to $200 in non-withdrawable bonus bets for five (5) consecutive weeks (maximum total of $1,000). Bet Matches will only be applied to the first qualifying wager of each week. Promotional weeks begin on Monday, and wagers must be straight bets (no promotional markets) with odds of -200 or greater. Qualifying wagers must settle within seven (7) days of the bet placement. Full T&C apply, visit ClutchBet for more details. |
12 |
![]() Borgata Online | Bet $20, Get $100 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply 21+. New customers only in NJ. Qualifying deposit (min $20) required. First online real money wager required (min $20, odds -200 or greater). Bonus issued as non-withdrawable bonus bets that expires in 7 days. Full T&C apply, visit Borgata for more details. |
13 |
![]() Desert Diamond Sports | 100% Deposit Match up to $250 | Turnover: 2x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply 21+. New customers located in AZ only (excludes Indian lands). Minimum $10 deposit. Bonus amount is equal to 100% of the deposit amount, not to exceed $250. Must wager deposit plus bonus amount (“Wagering Requirement”) in order to meet the wagering requirements for this Promotion. Bonus Money expires after 14 days of issuance. Full T&C apply, visit Desert Diamond Sportsbook for details. |
14 |
![]() WynnBET | Bet $100 Get $5 | Turnover: 1x bonus amount | Lowest odds: -120 | Claim Go to website |
T&C Apply 21+. New customers only. Welcome offer varies by state. New customers only. Must opt-in to the promotion and then make first deposit of $100+. Must place at least one qualifying wager of $100+ on any straight or parlay bet with odds of -120 or greater (-150 odd or greater in MA). Non-withdrawable Site Credits will be awarded when the qualifying wager settles as a win, loss, or push. Players in MA eligible to receive max $100 in Bet Credits. Players in NY eligible to receive max $5 in Bet Credits. Players in MI eligble to receive max $50 in Bet Credits and $50 in Casino Bonus. Full T&C apply, visit WynnBET for details. |
15 |
![]() PlaySugarHouse | 2nd Chance Bet up to $100 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply 21+. New Customers Only. CT only. Must make a qualifying deposit of $10+ with claim code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $100. Full T&C apply, see PlaySugarHouse for more details. |
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!
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 bonus money to bet with.
While this is similar in some ways to the Second Chance 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 second chance 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
+ up to $150 in No Sweat Bets
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:
- BetRivers - No strings attached
- WynnBET - High possible value
- DraftKings Sportsbook - 20% match over time
Top Betting Site Deposit Bonus Offers
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
2nd Chance Bet up to $500
T&C Apply21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/ MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500 ($250 in CO/NJ, $100 in NY/OH/AZ/WV/IA). Full T&C apply, see BetRivers for more details.
Bet $100 Get $5
T&C Apply21+. New customers only. Welcome offer varies by state. New customers only. Must opt-in to the promotion and then make first deposit of $100+. Must place at least one qualifying wager of $100+ on any straight or parlay bet with odds of -120 or greater (-150 odd or greater in MA). Non-withdrawable Site Credits will be awarded when the qualifying wager settles as a win, loss, or push. Players in MA eligible to receive max $100 in Bet Credits. Players in NY eligible to receive max $5 in Bet Credits. Players in MI eligble to receive max $50 in Bet Credits and $50 in Casino Bonus. Full T&C apply, visit WynnBET for details.
Bet $5, Get $200
+ up to $150 in No Sweat BetsT&C Apply21+. AZ/CO/CT/IL/IN/IA/KS/LA/MD/MI/NJ/NY/OH/PA/ TN/VA/WV/WY only. Minimum $5 deposit, and minimum $5 qualifying wager. Bonus Bets will be awarded instantly upon bet settlement, along with any winning if applicable. Bonus bets will be paid as eight (8) $25 non-withdrawable Bonus Bets. One qualifying bet per customer. Full T&C apply, visit DraftKings Sportsbook for more details.
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

BetRivers Promo Code
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!
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.
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.
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!
Second Chance Bets
Rapidly growing in popularity, the second chance (formerly know as 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.
Employed by some of the biggest sportsbooks on the market, including PointsBet, Unibet, and FanDuel Sportsbook, second chance bets are currently the most popular sportsbook sign up offer out there.
Bonus Bet
A bit uncommon these days, the Bonus Bet is one of the most valuable sportsbook sign up bonuses available to new users.
Usually, bonus 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.
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. Many offers are now sport-specific, with there being a lot of NFL betting promos available during football season, for example.