Caesars Sportsbook Million Dollar Parlay Payday Explained
Caesars Sportsbook has rolled out a Million Dollar Parlay Promotion for the NFL season, giving bettors a weekly chance to earn Bonus Bets to boost their parlay winnings.
Through Conference Championship weekend, Caesars is awarding $50,000 in Bonus Bets weekly to players who win NFL Parlays, Same Game Parlays, or Super Parlays with odds of +5000.
Across 21 weeks, that’s adds up to $1.05 million in total prizes, giving players the chance to win huge throughout the year.
The $50,000 weekly pool is divided equally among all players with qualifying winning wagers. For example, if 10 players qualify in a given week, each would receive $5,000 in Bonus Bets. These Bonus Bets are credited the Wednesday following the NFL week and expire after seven days.
How to Enter the Caesars Million Dollar Parlay Pool
To take part, players must opt in each week of the NFL season before placing any qualifying bets. Only wagers placed after opting in will count for that week. After opting in, players can place a $5 or more NFL Parlay, Same Game Parlay, or Super Parlay that meets the following requirements:
- At least three legs, all on NFL markets for that week
- Odds of +5000 or longer
- Settles as a win by the end of Monday Night Football
Players can make up to 1,000 entries per week, but only their first winning qualifying parlay counts toward the weekly prize.
Overall, we think this promotion is a nice addition to the Caesars's slate of NFL betting promotions. Sure, it's a long shot to win, but who doesn't love a long shot parlay bet?
Key Terms & Conditions
- Promotion Overview: Runs weekly from September 2, 2025, through January 27, 2026, offering a share of a $50,000 Bonus Bet prize pool each week. The total prize pool will not roll over if no one qualifies.
- Eligibility: Participants must be 21+ with a valid Caesars Sportsbook account in good standing in an eligible state or territory.
- Weekly Entry Periods: There are 21 weekly entry periods, starting each Tuesday and ending the following Monday at 11:59:59 PM ET. Entries do not carry over week to week.
- How to Enter (Online): Players must opt in each week, then place a qualifying $5+ NFL Parlay, Same Game Parlay, or Super Parlay with at least three legs, odds of +5000 or longer, and all bets settling as wins by Monday night.
- Mail-In Entry Option: Participants may mail in their entries with the required wager details (market, event, selection, line, and date). Each entry must be mailed separately and postmarked before the earliest event.
- Entry Limits: Players can submit up to 1,000 entries per week across all entry methods. Attempts to exceed this or use multiple accounts may lead to disqualification.
- Prize Distribution: The $50,000 weekly prize pool is divided equally among qualifying winners. Only the first winning parlay counts toward prize eligibility.
- Bonus Bet Rules: Bonus Bets must be used within seven days, cannot be split, transferred, or redeemed for cash, and do not include the stake value in winnings.
- Sponsor Rights: Caesars may modify, shorten, or cancel the promotion at any time, and has sole discretion over eligibility, disqualification, and prize decisions.
- General Conditions: The promotion is subject to all applicable laws and regulations. Caesars is not responsible for technical issues, late or lost entries, or errors, and participants agree to all official rules and Sponsor decisions.
More Terms & Conditions apply, see the full breakdown at Caesars.
Patrick has been a sports fan his entire life. Born and raised in the Philadelphia area, he spent a great deal of his childhood attending Phillies, Sixers, and Eagles games. After graduating from Temple University with a degree in Sports Management, Patrick worked for multiple professional sports teams. Now he has translated that love to sports betting and has made it his mission to share his knowledge with the public.
Patrick has also written for our sister site BettingApps.com.
