Best Sportsbook Bonuses 2023
We're here to help you decide which sportsbook bonus puts you in the best position to succeed!
Best Sportsbook Bonuses 2023
Rank | Bookmaker | Bonus | Turnover | Min odds | ||
---|---|---|---|---|---|---|
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER. | ||||||
1 |
![]() PointsBet | 2 Second Chance Bets up to $2,000 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website | CO/IL/IN/IA/KS/LA/MD/MI/NJ/NY/OH/PA/VA/WV only. |
2 |
![]() Caesars Sportsbook | Up to $1,250 on Caesars | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website | AZ/CO/IL/IN/IA/KS/LA/MD/MI/ NJ/NY/OH/PA/TN/VA/WV/WY only. |
3 |
![]() FanDuel Sportsbook | $3,000 No Sweat First Bet | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website | AZ/CO/CT/IL/IN/IA/KS/LA/MD/MI/NH/NJ/ NY/OH/PA/TN/VA/WV/WY only. |
4 |
![]() BetMGM | Risk Free Bet of up to $1,000 | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website | AZ/CO/IL/IN/IA/KS/LA/MD/MI/ NJ/OH/PA/TN/VA/WV/WY only. Offer Not Available in NY. |
5 |
![]() Bet365 | Bet $1, Get $200 | Turnover: 1x bonus amount | Lowest odds: -500 | Claim Go to website | CO/NJ/OH only. New customers only. Make a qualifying deposit (min $10), place qualifying bets, once they are settled, $200 in Bet Credits available to use. Bet Credits risk excluded from returns. T&Cs apply. |
6 |
![]() Unibet | Risk Free Bet of up to $500 | Turnover: 1x bonus amount | Lowest odds: -300 | Claim Go to website | $500 in PA, $100 in AZ, IN, NJ, & VA |
7 |
![]() BetRivers | 2nd Chance Bet up to $500 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website | AZ/CO/IL/IN/IA/LA/MI/NJ/OH/PA/VA/WV only. 2nd Chance Bet up to $100 in NY. |
8 |
![]() DraftKings Sportsbook | Bet $5, Get $200 | Turnover: 1x bonus amount | Lowest odds: -300 | Claim Go to website | AZ/CO/CT/IL/IN/IA/KS/LA/MD/MI/NH/NJ/NY/OH/OR/ PA/TN/VA/WV/WY only. |
9 |
![]() WynnBET | Bet $100 Get $100 | Turnover: 1x bonus amount | Lowest odds: -120 | Claim Go to website | AZ/CO/IN/LA/TN/VA only. Bet $100 Get $50 Casino & $50 Sports in MI & NJ. Bet $100 Get $5 in NY. |
10 |
![]() Prophet Exchange | Best Odds in NJ | Turnover: 1x bonus amount | Lowest odds: -300 | Claim Go to website | NJ only. |
11 |
![]() Borgata Online | Bet $20, Get $100 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website | Sportsbook only available in NJ. Casino available in NJ & PA. |
12 |
![]() SI Sportsbook | Bet $10 Get $50 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website | CO/MI/VA only. |
13 |
![]() PlaySugarHouse | 2nd Chance Bet up to $500 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website | CT/PA only. |
14 |
![]() ClutchBet | Bet $10, Get $50 | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website | Iowa only. |
15 |
![]() Desert Diamond Sports | $250 Welcome Match Bonus | Turnover: 2x bonus amount | Lowest odds: -200 | Claim Go to website | Arizona Only |
16 |
![]() FOX Bet | Risk Free Bet up to $50 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website | CO/MI/NJ/PA only. |
17 |
![]() Barstool Sportsbook | $10 No Deposit Free Bet with a | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website | AZ/CO/IL/IN/IA/LA/KS/MD/MI/NJ/PA/TN/VA/WV only. |
18 |
![]() PlayUp | Bet $250, Get $250 | Turnover: 1x bonus amount | Lowest odds: -500 | Claim Go to website | CO/NJ only |
19 |
![]() Hard Rock Sportsbook | First Bet Match up to $100 | Turnover: 1x bonus amount | Lowest odds: -250 | Claim Go to website | AZ/IN/IA/NJ/OH/TN/VA only |
20 |
![]() Bally Bet | $250 First Bet Match | Turnover: 1x bonus amount | Lowest odds: | Claim Go to website | AZ/CO/IN/IA/NY/VA only. |
Latest Sportsbook Bonuses
What is the Best Sportsbook Bonus?
That's exactly the question we look to answer on this page.
Since the explosion of online sports betting in the past few years, so many sportsbooks have come onto the scene. All of them are trying to do one thing: get you to wager with them. In order to do this, many sportsbooks offer bonuses for new players.
However, not all bonuses are created equal. That's why we’ve put this page together to help you decipher which betting bonuses are the right fit for you to maximize your value when signing on with a new sportsbook.
Scroll down to take a quick look at our breakdowns of the best sportsbook bonuses available to new customers and start betting today!
Frequently asked questions about sportsbook sign up bonuses
On this page, we offer a lot of detail about the various types of sportsbook bonuses you can expect to find. But, if you're just looking for a quick answer to a common question, you can find that here.
What is the best sportsbook bonus?
That depends on what you're looking for, but here are some of our favorites:
This is, of course, a very select list, so make sure to read further down and see which bonus is the best fit for you.
How do sportsbook sign up bonuses work?
Usually, sign up bonuses are credited to your account upon registering your account however, some require a promo code. These bonuses offer you some value and allow you to test out the platform while minimizing your own risk. Make sure to check out our reviews for complete information on how to claim each sportsbook's bonus offer.
What is sportsbook bonus turnover?
Turnover is the number of times the money or site credit received through a bonus offer must be wagered before you can withdraw it. For example a $50 risk free bet with a 2x turnover, must be wagered twice to full fill the turnover requirement - a total of $100 in bets.
When do sportsbook bonuses expire?
This can vary wildly from book to book, so there's no one-size-fits-all answer here. For example, Betway's risk free bet offer expires after only 7 days. Meanwhile, Barstool Sportsbook's free bet sign up bonus is good for up to a year.
Yet another reason to make sure you read your T's & C's!
What is a qualifying wager?
Qualifying wagers are bets that make you eligible for certain promotions. For example, if a site was offering a free bet if your first bet over $10 loses, then your first bet over $10 would be your qualifying wager. The requirements of qualifying wagers can normally be found in the terms and conditions of your promotion.
What are referral bonuses? How do they work?
Referral bonuses are bonuses given when you utilize a betting site's "Refer-A-Friend" feature. Typically they require the new user to make a qualifying bet or deposit. After placing their first bet or deposit both the new user and the existing customer should receive a credit in their account.
Difference between bonuses for sportsbooks and casinos?
It's fairly straightforward - on most sites with both functions, the sportsbook and casino have completely separate bonus offers. They usually vary in value and turnover amount and you can typically only redeem one. Casino bonuses tend to be a little less friendly and have a lower possible monetary value and higher turnover requirement.
How do you turn a sportsbook bonus into cash?
Most sportsbooks require you to fulfill what's called a turnover or playthrough requirement. This requirement is the number of times your bonus money must be wagered in order for it to be converted back into cash. So if you gave a $10 free bet with a 2x turnover requirement, you must place bets equalling $20 in order for your bonus money to turn into cold, hard cash.
There are rare exceptions to this rule, with some sportsbooks not requiring any turnover. For example, Unibet users in New Jersey have access to a risk free bet of up to $500. They get refunded in real cash that they can immediately withdraw, while Unibet users in other states must fulfill a turnover requirement.
Breaking down the Best Online Sportsbook Bonuses
In the past few years, the boom in legal online sports betting has led to fierce competition for customers. To vie for your business, sportsbooks dole out generous bonuses.
Sports betting sign bonuses come in many shapes and sizes but commonly fit into one of the following three categories:
These are just some of the major, most popular bonus offers you'll find, but check out our ranking of the top online sportsbook bonuses below!
US Online Sportsbook Sign Up Bonuses
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
2 Second Chance Bets up to $2,000
Up to $1,250 on Caesars
$3,000 No Sweat First Bet
Risk Free Bet of up to $1,000
Bet $1, Get $200
Risk Free Bet of up to $500
2nd Chance Bet up to $500
Bet $5, Get $200
Bet $100 Get $100
Best Odds in NJ
Bet $20, Get $100
Risk Free Bet up to $50
Bet $10 Get $50
Bet $10, Get $50
$250 Welcome Match Bonus
$10 No Deposit Free Bet with a
$1,000 Risk Free Bet2nd Chance Bet up to $500
Bet $250, Get $250
First Bet Match up to $100
$250 First Bet Match
How do you choose your sportsbook sign up bonus?
Most sportsbooks offer users a sign up bonus to lure them into the site. But these welcome offers can come in many forms - risk free bets & deposit bonuses are perhaps the two most prominent types.
There are certain things to look out for when choosing a sportsbook bonus:
Maximum value - This is fairly simple - if you were to try to maximize your bonus, what would the highest possible value be. This aspect is fairly straightforward and offers with highest maximum values are certainly eye-popping. However, don’t just look at this number - there are many other elements to consider.
Qualifying bet/deposit minimums - Simply put, this is the money that qualifies you for a bonus. Obviously the lower, the better unless you are simply looking to maximize a matched bet. However, if a site is going to match your deposit, then it may not be a bad idea to put more than necessary into your account. Since money that is deposited typically can be withdrawn easily, there’s not a ton of downside to maximizing matched deposits if you can afford it.
Turnover - Also known as rollover or wagering requirement, this is the number of times the money or site credit received through a bonus offer must be wagered before you can withdraw it. Many sites only require a turnover of 1x, however some (like DraftKings) have much higher requirements, so this is definitely something to keep an eye on.

Turnover is the number of times your bonus amount must be wagered before you can withdraw it as cash
Flexibility - In my opinion, this is one of the absolutely most important variables to consider when evaluating bonuses. Sites like PointsBet offer users a very high possible value, but even if that value is reached you can then only use it on one wager. On the opposite end of the spectrum, you have a site like Bet365. The highest possible value of their sign up bonus may seem small in comparison to PointsBet. However, Bet365’s bonus allows you to divide up your free bet into as many small bets as you’d like, granting you much more freedom in the long run.
Minimum odds - Sites often set minimum odds to ensure your free bet credits aren’t just being used on -1000 sure things. This helps them ensure that they’re not just giving away free money.
States - Many websites have varying sign up bonuses depending on the state from which you are wagering. Typically, the types of offers are the same, but there is a bit of variance in the dollar amount. In some rare instances, when a state is looking to launch online sports betting, they will have pre-registration offers available. For instance, there are many Ohio sports betting promos now available even though bets will not be accepted until January 1st.
Other terms and conditions ALWAYS apply - Make sure you’re always reading the fine print when signing up for these promotions - you don’t want to meet all the minimums and then lose your free bet because the promotion had expired. Taking the five minutes to read the terms and conditions of your offer can save you a lot more time in the long run.
Recommended Sportsbook Bonus

Bet365 Bonus
Bet $1, Get $200
At Sportsbooks Online we think Bet365 offers users one of the best sportsbook sign up bonuses out there.
The max value isn't staggering by any means, but Bet365 allows users to divide up their bet credits however they choose. If you do receive the max value, you could theoretically spend them on one $200 bet or 200 $1 bets.
All you need to do is deposit a minimum of $10 and place your first real-money wager of at least $1. After your bet is settled, Bet365 will reward your account with $200 in free bet credits.
Best Free Bet Sportsbook Bonuses
The most generous welcome offer across online sports betting sites is the free bet. The way they are portioned out varies depending on the site you're using. Some sites require minimum bets, while others don't.
Some sites require you to place a risk free real-money bet first and will reward you with a refund in bet credits if you lose, while others simply reward you with a free bet after your first deposit.
These are one of our favorite kinds of sportsbook bonuses because they offer so much upside to the player with so little downside. You will often see free bets offered for particular events or sports. For example, there are many NFL free bet offers put out by sportsbooks around the start of the NFL season or during the playoffs to drive new players to sign up.
As always, we cannot recommend enough that you read the specific terms and conditions of your promotion. All of the relevant requirements and details should be very easy for you to find.
Sportsbook Free Bet No Deposit Offer

Barstool Sportsbook Promo
$10 No Deposit Free Bet with a
$1,000 Risk Free Bet
Controversial digital media brand has partnered with Penn National Gaming to capitalize on the growing sports betting boom in the US and launch their very own sportsbook.
To attract users to their new platform, Barstool Sportsbook is offering users a very generous two-pronged sign up bonus offer.
Barstool's sign up bonus includes:
- A $10 Free Bet with no deposit required
- A Risk Free Bet of up to $1,000
Once you register your account, the $10 Free Bet will be in your account automatically.
Simply click the green button below to get started!
Best Risk Free Bet Sportsbook Bonuses
Similar to the free bet, the risk free bet is a popular way to bring in new customers for online sportsbooks. In fact, this may currently be the most popular sportsbook bonus offer on the market.
Risk free bets can also be classified as bet insurance
Unlike typical free bets, risk free bets normally require the user to place a real-money wager first. From there, it's pretty straightforward. If you win, nothing special happens. Simply enjoy your winnings. However, if you lose, you will be refunded up to a set amount in on-site credits. In this way, a risk free bet can also be classified as a form of bet insurance.
More online sportsbooks are offering this welcome bonus now because it limits the amount of money they have to dole out to users by eliminating payments to players who win their first bet. However, we still think risk free bets offer users tremendous value by covering potential losses from their first wager.
Check out our list of some of the top risk free sportsbook bonuses below!
Best Sportsbook Bonus Risk Free Bets
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
2 Second Chance Bets up to $2,000
Up to $1,250 on Caesars
$3,000 No Sweat First Bet
2nd Chance Bet up to $500
Risk Free Bet of up to $1,000
Risk Free Bet of up to $500
Risk Free Bet up to $50
$10 No Deposit Free Bet with a
$1,000 Risk Free Bet
Featured Sportsbook Bonus Risk Free Bet

Unibet Risk Free Bet
Risk Free Bet of up to $500
European import Unibet is expanding rapidly in the US. Now available in Arizona, New Jersey, Indiana, Pennsylvania, and Virginia, more and more users are gaining access to one of the world's most popular sports betting platforms.
When joining make sure to take advantage of the risk free bet of up to $250 or $500 available in your state!
- Arizona Risk Free Bet Offer
- Indiana Risk Free Bet Offer
- New Jersey Risk Free Bet Offer
- Pennsylvania Risk Free Bet Offer
- Virginia Risk Free Bet Offer
You can find more info on how to claim the Unibet risk free bet here.
Risk Free Bet Articles
How to Claim Unibet Risk Free Bet
Unibet is now offering new users in Arizona, Indiana, Iowa, New Jersey, Pennsylvania, and Virginia a risk free bet worth up to $500 as a sign up bonus. FInd out how to claim yours ... Read more
Best Sportsbook Deposit Bonuses
A way to enhance your value when joining up with a sportsbook is to take advantage of a deposit bonus.
A deposit bonus is, simply put, a bonus just for loading money into your account. Often times the dollar amount you put into your account will be matched by the sportsbook.
From there, the bonus amount is yours to spend how you like. However, you should take note that there is typically a higher turnover rate with deposit bonuses than free bets. DraftKings Sportsbook, for example, requires a turnover of 25x before your deposit bonus is converted into real, tangible cash.
Take a look at some of the best sportsbook deposit bonuses available today.
Best Deposit Sportsbook Bonuses
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Up to $1,250 on Caesars
2nd Chance Bet up to $500
Bet $5, Get $200
Bet $250, Get $250
Existing Customer Sportsbook Bonuses
"All of this is great for new users, but I'm looking for a long-term site for my sports betting needs?"
In that case, you should look to a site that has regular odds boosts and promotions. Many sites offer these to keep things valuable and interesting for their existing customers.
Daily odds boosts & promotions are a great way to receive continued value after you've exhausted your welcome bonus
You'll often find offers like parlay insurance, odds boosts, and more updated daily. Special offers can also revolve around high-profile events with boosted odds, such as the Super Bowl, March Madness, or the NFL Draft.
Top Existing Customer Free Bets & Sportsbook Promos
- Refer-A-Friend - Recommend a sportsbook to your friend, and if they sign up and deposit you both get a bonus. If you and your buddies are all interested in sports betting, we highly recommend taking advantage of this feature. Included on PointsBet, Unibet, FanDuel Sportsbook, and more.
- Odds Boosts - Enhanced odds for a specific event allow you to get more winnings for a bet. Often offered for major events or for teams that have promotional partnerships with an online sportsbook. Find these offers on PointsBet, FOX Bet, and DraftKings Sportsbook.
- Rewards Programs - Keep coming back to bet to unlock more rewards, such as free bets, as you continually bet over time. Caesars Sportsbook, DraftKings Sportsbook, and BetMGM all offer rewards programs for existing customers.
- Parlay Insurance - If one leg of your parlay fails, you may be eligible for money back, usually capped at $25. You can find parlay insurance for traditional and/or single game parlays at BetMGM, FanDuel Sportsbook, and PointsBet.
- Free Bet Offers - In addition to being offered as a sign up bonus, free bets are also commonly offered to existing customers. Offered a bit more sporadically than other promotions, existing customer free bets are usually offered around major events like the Super Bowl, All-Star Games, the World Cup, and March Madness. You are consistently offered free bets as an existing customer on Caesars Sportsbook and PointsBet.
Best Sportsbook with Existing Customer Promos

PointsBet
Many Existing Customer Promotions
One of the sportsbooks that most frequently offers daily promotions and odds boosts is PointsBet.
Nearly every day, they offer users parlay insurance, boosters, or enhanced odds. These offers make it worth revisiting the site.
Latest Existing Customer Sportsbook Bonuses
BetRivers Sunday NFL Parlay Insurance
Get your stake refunded 100% up to $25 if one leg of your NFL Sunday Parlay loses on BetRivers Read more
SI Sportsbook NCAAF Single Game Parlay Insurance
Get a $10 free bet on SI Sportsbook if your Bowl Game Single Game Parlay loses! Read more
BetRivers 2nd Chance Bet up to $500
For the 2022 NFL season, BetRivers has come out with a brand new sign up bonus worth up to $500! Sign up and claim your bonus today! Read more
FanDuel Sportsbook $1,000 No Sweat First Bet
Sign up with FanDuel Sportsbook today and get your first bet protected up to $1,000! Available to new users only. Read more
Sportsbook Refer-A-Friend Bonus
In this still growing business, many sportsbooks look to plain old word of mouth to spread the good word of their platform. How do they encourage this? By doling out some cash, of course.
That's right, many sportsbooks will give users a bonus, just for getting their friends to sign up.
If you have a large group of friends that loves sports, I heartily encourage you to look into sportsbooks with Refer-A-Friend programs. It's a simple, easy way to maximize the monetary value of your sportsbook experience.
Plus, you can always dunk on them for their bad beats after a long NFL Sunday at the bar.
Best Sportsbook Referral Bonus

BetMGM Refer A Friend Bonus
A $50 Free Bet for You and a Friend
BetMGM currently offers users a $50 free bet for you and every friend you refer to the sportsbook. Once they sign up with the sportsbook, they'll start out with their bonus and you receive yours after they use up all of their $50 in free bets. We love this bonus because you and your friend both get a nice free bet.
You can receive a referral bonus for up to 20 new users, so you can be swimming in up to $1,000 in free bets before you know it!
Other Sportsbooks with Refer-A-Friend Bonuses
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Up to $1,250 on Caesars
$3,000 No Sweat First Bet
Bet $5, Get $200
Refer-A-Friend Sportsbook Bonuses
BetMGM Refer A Friend Bonus - $50 Free Bet For You and up to 20 Friends
BetMGM is offering users like you the chance to get $50 free bets just for referring a friend to the sportsbook! Claim up to $1,000 in free bets from BetMGM! Read more
Caesars Sportsbook Refer A Friend Bonus - $100 Free Bet for Your First 10 Friends
Caesars Sportsbook is offering users like you the chance to get $100 in free bets for referring a friend to the platform! Read more
FanDuel Sportsbook Refer A Friend Bonus - $100 in Free Bets
FanDuel Sportsbook is offering users like you the chance to get $100 in free bets on the sportsbook and casino just for referring a friend to the platform! Claim up to $1,000 in ... Read more
DraftKings Sportsbook Refer A Friend Bonus - $100 in Free Bets
DraftKings Sportsbook is offering you and your friend the chance to get $100 in free bets on the sportsbook for referring a friend to the platform! Claim up to $500 in free bets ... Read more
Best Online Casino Sportsbook Bonuses
For the diversified bettor, many sportsbooks also have casino functionality.
The casino sites typically have their own promotions and bonuses. Since the rate of return in casino games is higher than in sports betting, these bonuses tend to be less lucrative and feature higher turnover requirements than sportsbook bonuses.
Beware - often, you can only redeem the casino bonus or the sportsbook bonus - not both.
If you are interested in online casino bonuses, check out the list below featuring some of the best out now!
Top 5 Online Casino Bonuses
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
100% Deposit Bonus up to $2,000
100% Deposit Match up to $2,000
First Day Risk Free up to $1,000
$200 Free Play
Deposit Bonus of up to $1,000