Best Sportsbook Promos & Bonus Bets - October 2025 Top Offers

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Best Sportsbook Promos and Bonus Codes for October 2025

This Week's Promotions

DraftKings Sportsbook

MLB Bleacher Report YRFI/NRFI 33% Profit Boost: Get a 33% Profit Boost to use on any MLB NRFI/YRFI bet today, brought to you by B/R Betting!

Live Tennis Stepped Up: Build your Live Tennis parlay and get up to a 105% Profit Boost

NFL TD Scorer Profit Boost: Get a Profit Boost for any TD Scorer bet on Week 7 NFL games!

TNF Mystery Promo: 50% Profit Boost, No Sweat bet, or the choice between both for Cincinnati Bengals vs. Pittsburgh Steelers on Thursday Night Football!

NFL Parlay Boost: Get a Profit Boost to use on an NFL Parlay, SGP, or SGPx bet on Week 7 NFL games!

MLB Playoffs 25% SGP Boost Every Game: Boost a 4+ leg SGP on any MLB playoff game this postseason with a 25% Profit Boost Token.

Unlimited Live MLB HR Boost: Get a Live MLB HR Boost each time you place a Live MLB HR bet.

MLS Season Pass Bet & Get : For a limited-time, place any $5+ soccer bet to receive a free MLS Season Pass subscription.

Alternate Welcome Offer: New Customers Only Get a 20% Bonus up to $1,000.

FanDuel Sportsbook

NHL SGP 30% Profit Boost: Get a 30% Profit Boost Token to use on a 3+ Leg Same Game Parlay Wager on any NHL Games taking place on October 14th through October 16th.

MLB Postseason Profit Boost: Get a 30% Profit Boost Token to use on any wager for MLB Playoff games.

FanDuel NFL $2M Touchdown Jackpot: Use your token to place an Anytime TD wager on the Cincinnati Bengals vs. Pittsburgh Steelers Thursday Night Football game. If your player scores the 1st or Last TD, you’ll share $2M in Bonus Bets ($1M for 1st TD, $1M for Last TD, or $2M for both).

FanDuel Daily Shuffle Parlay : Build your free parlay Monday through Saturday for a chance at $100,000 in prizes. Add one leg per day, the more that hit, the bigger your payout. Even if you miss a day, you can still win with at least 3 legs.

bet365 Sportsbook

College Football 30% SGP Profit Boost: Boost your Same Game Parlay winnings by 30% on any NCAA Football game.

Big League Tuesdays Safety Net Bet: Get up to $10 back in Bonus Bets if your MLB Same Game Parlay loses.

100% Parlay Boost: The more legs in your parlay, the bigger your boost, up to 100%.

bet365 Sunday Night Jackpot: Place a $10+ pre-game bet with a First TD Scorer pick. If your player scores the last TD, share a $365,000 Bonus Bet jackpot.

Caesars Sportsbook

NFL Flips Game: Play daily flips for a chance at the $100,000 Bonus Bet prize pool. Correct flips unlock profit boosts up to 100%, and perfect flips earn you a share of the cash.

$50K 50-Burger Bonus: Opt in weekly and place a 3+ leg SGP on any NFL game. If either team scores 50+ points, you win a share of that week’s $50,000 Bonus Bet prize pool. Rolls over if no team hits 50.

Million Dollar Parlay Payday: Opt in weekly and place a $5+ NFL parlay with odds of +5000 or longer. Winning wagers split $50,000 in Bonus Bets each week through Conference Championship Weekend.

$525,000 Fastball Fortune: Win a share of the prize pool if a no-hitter is thrown during the MLB postseason!

Alternate Welcome Offer: New Users Only First Bet Matched Up to $300 As A Bonus Bet.

BetMGM Sportsbook

MLB Postseason Boost Token: It's time to make every moment count with a MLB Odds Boost Token.

Hat Trick Jackpot: Bet on a player to score in an NHL game, and if they net 3 goals (a hat trick), you’ll share $10,000 in Bonus Bets.

NHL Odds Boost Token: Score a bigger boost by applying this NHL Odds Boost Token to your NHL bet!

SGP NFL Boost Pack: This boost pack contains two NFL SGP Boost Tokens for two chances to spike your odds

BetMGM Pro Football Second Chance: Place a pre-game First Touchdown Scorer bet and if your player scores second instead of first, you get your stake back in cash.

Tonight's Best Matchups for Sports Betting

Tonight’s lineup features a Monday Night Football doubleheader, with the Buffalo Bills facing the Atlanta Falcons at 7:15 PM ET and the Chicago Bears taking on the Washington Commanders at 8:15 PM ET. MLB postseason play continues with AL and NL Championship Series games, while the NHL offers a key matchup between the Colorado Avalanche and Buffalo Sabres for fans looking for even more action.

DraftKings Sportsbook Promo Code - Bet $5, Get $300 in Bonus Bets If Your Bet Wins + 3 Months of NBA League Pass Free

New customers in eligible states can claim the DraftKings Sportsbook welcome bonus: Bet $5 and get $300 in bonus bets if your bet wins + three months of NBA League Pass. The low $5 qualifying bet makes this one of the most accessible bonuses on the market, and the instant credit gives bettors immediate flexibility. With the NBA season approaching, the bonus bets access adds extra value for football fans.

Quick Facts

• Offer: Bet $5, Get $300 if your bet wins + three months of NBA League Pass
• Bet Type: Bet & Get
• Payout Speed: Within 24 hours
• Minimum Deposit: $10
• Minimum Bet to Qualify: $5
• App Store Ratings: 4.8 (iOS), 4.6 (Android)

DraftKings Promo Terms and Conditions

• Who’s Eligible: New customers, 21+ (18+ in DC/KY/NH/WY), in eligible states (AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY, WV).
• Qualifying Bet: $5+ cash bet at -500 odds or longer using the New Customer Token.
• Bonus: Get $300 in Bonus Bets (12×$25) if your bet wins.
• Expiration: Token expires Nov 23, 2025; Bonus Bets valid for 7 days.
• One per customer; void/cashed-out bets don’t qualify.

How to Qualify & Claim Your DraftKings Bonus Bets

1. Sign up for a new DraftKings Sportsbook account.
2. Deposit funds (minimum $5).
3. Select the New Customer Token.
4. Place a $5+ cash bet (-500 odds or longer).
5. Win to get $300 in Bonus Bets.

The DraftKings welcome bonus is easy to claim— deposit $10, and place a $5+ bet and you’ll instantly receive the bonus bets in your account. 

DraftKings Highlights & Top Features

DraftKings offers one of the most comprehensive sports betting experiences in the U.S. market. Its Same Game Parlay+ feature lets users combine bets from multiple games into one ticket, while its live betting interface delivers fast, reliable odds updates.

The platform also includes integrated stat hubs, game trackers, and frequent sport-specific profit boosts, giving users more tools to inform their wagers. Additionally, its integration with the DraftKings DFS platform creates unique cross-play opportunities for daily fantasy sports players.

DraftKings Mobile App User Experience

DraftKings’ app is among the most polished in the industry, with a clean, intuitive interface that makes it easy to toggle between sports, promotions, and account settings. Its dark background with green highlights creates a professional, sportsbook-centric aesthetic, and the layout is logically organized with clear tabs and shortcuts. Performance is consistently excellent — pages load quickly, odds refresh seamlessly, and navigation rarely stalls. The bet slip is simple to edit, allowing users to add, remove, and switch formats with ease. Live betting is a standout, offering real-time odds updates and smooth transitions between markets. Integrated extras include quick-access stats, in-game scoreboards, and occasional streaming for select events. One minor drawback is that the homepage can feel crowded with promos during major events, but overall DraftKings sets a high bar for usability.

DraftKings Banking: Deposits, Withdrawals, and Payout Speed

DraftKings supports a wide range of deposit methods, including debit/credit cards, PayPal, online banking/ACH, Play+ prepaid cards, Venmo, and wire transfers. Withdrawals can be made via PayPal, online banking, Play+, checks by mail, or wire transfer. Processing times vary depending on the method: PayPal and Play+ typically process within 24–48 hours, while online banking and checks may take 3–5 business days. DraftKings offers instant payouts through PayPal and Play+ for eligible users, allowing near-immediate access to funds once the withdrawal is approved.

BetMGM Sportsbook Promo Code – First Bet Offer Up to $1,500 Back in Bonus Bets if Your First Bet Loses

New customers in eligible states can claim BetMGM’s welcome: place your first cash wager, and if it loses, you’ll get up to $1,500 back in bonus bets. The safety-net style is useful if you want to take a bigger swing on your first pick without risking the entire stake. If that first bet wins, you keep the winnings and no bonus is issued.

Quick Facts

• Offer: First Bet Offer up to $1,500 back in bonus bets if your first bet loses.
• Promo Code: FOXSPORTS
• Bet Type: First-bet insurance (refund in bonus bets).
• Payout Speed: Bonus bets usually credit within 24–72 hours after settlement; expire in 7 days.
• Minimum Deposit: $10.
• Minimum Bet to Qualify: $10 (first wager).
• App Store Ratings: iOS 4.8, Android ~4.2 (varies by store).
• Available States: AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY

BetMGM Promo Terms and Conditions

• Bonus bets are paid only if your first wager loses. Expire in 7 days.
• Refund split: if your losing first bet is $50 or more, you receive five bonus bets of equal 20% denominations; under $50 returns as one bonus bet.
• New customers only, one per customer, state eligibility applies.

How to Qualify & Claim Your BetMGM Bonus

1. Create a new BetMGM account.
2. Deposit $10+.
3. Place your first cash bet of $10+ on any eligible market.
4. If it loses, receive up to $1,500 back in bonus bets (7-day expiry).

BetMGM Highlights & Top Features

Parlay and SGP builders, routine odds boosts, and integration with MGM Rewards on eligible wagers. Seasonal promos like "Swing for the Fences" add extra tokens and boosts during MLB season.

BetMGM Mobile App User Experience

BetMGM offers solid navigation with clearly labeled sections for sports, promos, and account settings, but the overall layout can feel a bit busy compared to its top competitors. The black-and-gold color scheme is distinctive, though some screens have dense menus that require extra scrolling. Performance is generally smooth, though bettors may notice minor delays when exploring deep prop markets or toggling between live events. The bet slip is easy to use, but less visually refined than DraftKings’ or FanDuel’s. Live betting functionality is comprehensive, with a wide range of markets, but odds updates can lag slightly during peak action. Integrated features include basic scoreboards and some stat overlays, though streaming is limited. The main drawback is occasional sluggishness and a slightly less streamlined user flow.

BetMGM Banking: Deposits, Withdrawals, and Payout Speed

BetMGM accepts deposits via debit/credit cards, PayPal, Play+, online banking/ACH, PayNearMe, and wire transfers. Withdrawals are available through PayPal, Play+, online banking, checks, and in some states, cash at affiliated casinos. PayPal and Play+ are typically processed in 24–48 hours, while online banking and checks usually take 3–5 business days. BetMGM supports instant PayPal payouts for verified accounts, offering fast access to funds without waiting for extended processing times.

FanDuel Sportsbook Promo Code – Bet $5, Get $300 in Bonus Bets If Your First Bet Wins 

New customers can place a $5+ first cash wager and get $300 in bonus bets if that first bet wins. No promo code is required. This "win-triggered" Bet & Get is ideal if you already like a favorite and want extra upside on a small first stake. If the first bet loses, no bonus is issued.

Quick Facts

• Offer: Bet $5, Get $300 in bonus bets if your first bet wins.
• Promo Code: None required.
• Bet Type: Bet & Get (win-triggered).
• Payout Speed: Typically within 72 hours of settlement.
• Minimum Deposit: $5.
• Minimum Bet to Qualify: $5 (first cash wager).
• App Store Ratings: 4.9/5 (iOS), 4.6/5 Android (Android).
• Available States: AZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, NY, NC, OH, PA, TN, VA, VT, WV, WY, DC

FanDuel Promo Terms and Conditions

• First cash wager only; bonus pays only if it wins.
• Bonus bets are not withdrawable and usually expire in 7 days; standard eligibility and location rules apply.

How to Qualify & Claim Your FanDuel Bonus

1. Create a FanDuel Sportsbook account.
2. Deposit $5+.
3. Place your first $5+ cash wager on any eligible market.
4. If it wins, receive $300 in bonus bets within about 72 hours.

FanDuel Highlights & Top Features

One of the most intuitive apps, elite Same Game Parlay and SGP+ tools, frequent boosts, and fast live pricing.

FanDuel Mobile App User Experience

FanDuel combines sleek visual design with one of the fastest, most stable app performances on the market. Its light blue and white color scheme is clean and easy on the eyes, and the top navigation bar makes finding sports, boosts, and promos extremely straightforward. The app rarely experiences lag, even during peak live-betting windows. The bet slip is excellent — intuitive for both single bets and parlays, with quick removal and formatting options. FanDuel’s live betting interface is among the best, with rapid odds updates and fluid market switching. Extras like live scoreboards, in-game stat trackers, and selective streaming elevate the experience. The only notable limitation is occasional clutter in the promo carousel, which can push betting markets lower on the screen.

FanDuel Banking: Deposits, Withdrawals, and Payout Speed

FanDuel makes deposits easy with multiple options: debit/credit cards, PayPal, Venmo, online banking/ACH, Play+, PayNearMe, and wire transfers. Withdrawals can be processed through PayPal, Venmo, Play+, online banking, checks, or cash at select retail locations. PayPal and Venmo are typically the fastest, usually arriving within 24 hours, while online banking and check withdrawals can take 2–5 business days. FanDuel also offers instant PayPal payouts for qualified users, making it one of the quickest operators for accessing winnings.

Fanatics Sportsbook Promo – 10× $100 No-Sweat Bets in FanCash

New users can activate 10 no-sweat bets worth up to $100 each over their first 10 days, refunded in FanCash if the eligible wager loses. Opt in daily in the app; exact odds thresholds and caps apply by state (note that New York typically caps at $25 per day). This structure suits steady, day-by-day bettors who want repeated protection and the flexibility to convert FanCash into bonus bets or merchandise.

Quick Facts

• Offer: 10× $100 No-Sweat Bets in FanCash (max $1,000 total potential over 10 days).
• Promo Code: Usually none; opt in daily in the app/betslip.
• Bet Type: "No-sweat" loss-refund paid in FanCash.
• Payout Speed: FanCash credits after settlement; FanCash has usage/expiry rules in-app.
• Minimum Deposit: Commonly $10 deposit and a qualifying wager each day, with minimum odds (often around -200 or longer) and one eligible bet per day.
• App Store Ratings: 4.8/5 (iOS), 4.8/5 (Android)
• Available States: AZ, CO, CT, IN, IA, NJ, NY, PA, TN, WV

Fanatics Sportsbook Promo Terms and Conditions

• Opt in daily; one eligible wager per day counts toward the 10-day window.
• Losing eligible bets are refunded in FanCash, not cash; FanCash can be converted to bonus bets or merch. State caps and expiry apply.

How to Qualify & Claim Your Fanatics Sportsbook Offer

1. Register for Fanatics Sportsbook.
2. Deposit (typically $10+).
3. Opt in each day, place a qualifying wager at required odds.
4. If it loses, receive up to $100 in FanCash for that day (repeat up to 10 days).

Fanatics Sportsbook Highlights & Top Features

Clean UI, fast pricing, and the FanCash ecosystem that you can recycle into bonus bets or merchandise. Seasonal football "game-day" protections add steady value.

Fanatics Mobile App User Experience

Fanatics has quickly established a modern, user-friendly app that emphasizes clean navigation and integrated rewards. Sports, promos, and account settings are simple to find through a bottom tab layout, and the visual design is crisp with prominent red and white branding. Performance is strong, with fast load times and smooth transitions between pages. The bet slip is clean and easy to edit, with clear toggles between bet types. Live betting is responsive, though not as expansive as bet365 or FanDuel. Extras like live scoreboards and in-game stats are present, but full streaming is still limited. The standout feature is the FanCash integration, which displays earned rewards alongside the betting balance, offering a unique cross-platform value proposition. The main drawback is that the app’s live market depth isn’t quite as extensive as more established operators.

Fanatics Banking: Deposits, Withdrawals, and Payout Speed

Fanatics offers a straightforward set of deposit methods, including debit/credit cards, PayPal, Play+, online banking/ACH, and PayNearMe. Withdrawals are available via PayPal, Play+, online banking, and checks. PayPal and Play+ are the fastest options, generally processed within 24–48 hours, while banking and checks can take 3–5 business days. Fanatics supports instant PayPal withdrawals for eligible users, allowing near-immediate access to funds once processed, which aligns with its emphasis on a modern, seamless user experience.

bet365 Sportsbook Promo – Bet $5, Get $200 in Bonus Bets (Win or Lose)

New customers can bet $5 and get $200 in bonus bets, regardless of whether the qualifying wager wins or loses. This is a low-bar, high-value Bet & Get that credits quickly and lets you spread bonus tokens across multiple plays.

Quick Facts

• Offer: Bet $5, Get $200 in bonus bets win or lose.
• Promo Code: None required in-app
• Bet Type: Bet & Get (outcome-independent).
• Payout Speed: Bonus bets usually credit shortly after settlement; typical 7-day expiry.
• Minimum Deposit: $10 deposit; $5 qualifying wager; state lists and odds thresholds apply.
• App Store Ratings: 4.8/5 (iOS), 4.6/5 (Android)
• Available States: AZ, CO, IA, IL, IN, KS, KY, LA, NC, NJ, OH, TN, VA (plus others when listed).

bet365 Promo Terms and Conditions

• Paid in bonus bets (stake not returned on wins).
• Standard minimum-odds and location rules apply; bonus bets typically expire in 7 days.

How to Qualify & Claim Your bet365 Bonus

1. Create a bet365 account (no code needed in-app).
2. Deposit $10+.
3. Place a $5+ qualifying bet; receive $200 in bonus bets after settlement.

bet365 Highlights & Top Features

Best-in-class live betting, deep alt lines, live streaming, Cash Out/Auto Cash Out, and frequent early-payout style promos.

bet365 Mobile App User Experience

bet365’s navigation leans functional over flashy. Sports and markets are organized in a vertical list, which experienced bettors will find efficient, though newcomers may find it dense at first. Its green and yellow design is instantly recognizable, if somewhat utilitarian. Performance is excellent — bet365 remains one of the fastest apps in the business, especially in live betting, where odds update almost instantaneously and market depth is unmatched. The bet slip is straightforward, supporting quick edits and multiple formats. Integrated extras are strong: bet365 offers extensive live scoreboards, in-game stats, and some of the best streaming coverage in the industry, often including lower-profile events. The biggest limitation is that its interface can feel overwhelming to casual users due to the sheer volume of markets and compact layout.

bet365 Banking: Deposits, Withdrawals, and Payout Speed

bet365 provides standard deposit options such as debit/credit cards, PayPal, online banking/ACH, PayNearMe, and Play+. Withdrawals can be made via PayPal, online banking, Play+, or checks. PayPal is generally the fastest method, often processed within 24 hours, while online banking can take 1–5 business days depending on the bank. bet365 supports instant PayPal withdrawals for eligible users, allowing near-immediate transfers after approval, which is a major plus for frequent bettors.

Caesars Sportsbook Promo Code – Bet $1, Double Your Winnings on Your Next 10 Bets (20× 100% Profit Boosts)

New users can place a $1+ qualifying wager and receive 20 profit-boost tokens at 100% to double the winnings on their next 10 bets (two tokens per day for 10 days). This promo spreads value across many small or medium plays, which is great if you prefer multiple boosted shots instead of one big bonus bet.

Quick Facts

• Offer: 20× 100% Profit Boosts after a $1 qualifying bet, usable across the next 20 bets; use promo code FOX20X in all states except ON and MD; use code FOXONBET in ON and MD.
• Bet Type: Profit-boost tokens (boosted winnings, not stake).
• Payout Speed: Tokens arrive shortly after the qualifying bet; 14-day token expiry.
• Minimum Deposit: $10 deposit; $1 qualifying bet; each token max stake $25 and max extra winnings $2,500.
• App Store Ratings: iOS ~4.7/5, Android ~4.6/5.
• Available States: AZ, CO, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY

Caesars Promo Terms and Conditions

• New users only, 21+, in eligible states.
• Register and deposit $10+, then place a qualifying $1+ wager.
• 20× 100% Profit Boost Tokens are credited immediately
• Each boost: max $25 stake, max $2,500 additional winnings.
• Minimum odds: -10000 or longer.
• Tokens expire 14 days after issue.
• Boosts cannot be used with bonus bets, Cash Out, or Super Boost markets.
• Winnings from boosts are paid as cash, not bonus funds.

How to Qualify & Claim Your Caesars Boosts

1. Create a new Caesars Sportsbook account.
2. Deposit cash into your account.
3. Place a $1+ real-money bet at odds of -10000 or longer (no Cash Out, Super Boost, or Bonus Bet).
4. Receive 20× 100% Profit Boost tokens instantly and use one per wager (max $25 stake; max $2,500 extra winnings per token).

Caesars Highlights & Top Features

Daily Super Boosts, SGP tools, and Caesars Rewards tier credits on eligible wagers, plus solid live betting coverage.

Caesars Mobile App User Experience

Caesars Sportsbook blends its signature green-and-gold branding with a clean, well-spaced interface that’s easy to navigate. Sports, promos, and account settings are clearly accessible via the bottom menu, and featured markets are well organized. Performance is generally reliable, though load times can be slightly slower than FanDuel or DraftKings during major events. The bet slip is functional and easy to manage, supporting quick add/remove actions. Live betting is well-integrated with responsive odds updates, though it lacks some of the polish and speed of bet365. Integrated extras include scoreboards and basic stats, but streaming options are limited. A minor drawback is occasional sluggishness on older devices, especially when scrolling through long futures menus.

Caesars Banking: Deposits, Withdrawals, and Payout Speed

Caesars Sportsbook supports deposits through debit/credit cards, PayPal, Play+, online banking/ACH, PayNearMe, and wire transfers. Withdrawal methods include PayPal, Play+, online banking, checks by mail, and cash at Caesars retail sportsbooks. PayPal and Play+ usually process within 24–48 hours, while online banking and checks can take 3–5 business days. Caesars offers instant PayPal payouts for qualified users, making it easy to receive winnings quickly without extended delays.

Popular Types of Sportsbook Offers for New Users

Sportsbooks have a handful of different offers to try and keep users on their apps. Bonus bets, deposit match bonuses, second-chance bets, no-sweat bets and first-best insurance are among those offers. Here's a little more on each. 

Bonus Bets ("Bet and Get" Offers)

Bonus bets are site credits awarded after you place a qualifying wager.

With DraftKings and bet365, you receive the bonus win or lose. With FanDuel, you receive the bonus only if your qualifying bet wins. Only the winnings from a bonus bet are withdrawable; the bonus stake is not.

These are best for new users with low risk tolerance or smaller bankrolls who want quick value from a small first wager. Sportsbooks offer them because they lower the entry barrier, get new bettors comfortable in the app, and create reasons to explore more markets with minimal upfront risk.

Below are some examples of this offer that have appeared throughout this guide:

DraftKings: Bet $5, Get $300 in bonus bets if your bet wins + three months of NBA League Pass

bet365: Bet $5, Get $200 in bonus bets (win or lose).

FanDuel: Bet $5, Get $300 in bonus bets if your first bet wins.

Deposit Match Bonus

A deposit match bonus is a common type of sportsbook welcome offer that rewards new users by matching their first deposit with bonus funds. Typically, this is a one-time promotion, often structured as a 100% match up to a set amount — for example, "100% match up to $500." So, if you deposit $500, the sportsbook will give you an additional $500 in bonus bets, effectively doubling your starting bankroll. This type of offer is especially appealing to new users who plan to make a larger initial deposit, as the more you deposit (up to the limit), the more bonus funds you unlock. For sportsbooks, deposit match bonuses are a strategic way to incentivize bigger upfront deposits, encouraging users to commit more funds from the start.

Second-Chance Bets, No-Sweat Bets, and First-Bet Insurance

In this promotion, sportsbooks will refund your first wager if it loses in bonus bets, acting as a safety net for an opening bet. This is best for new users who want to make a big higher-risk first wager. Let's take a look at each. 

Second-chance bets: your first wager is "insured" up to a stated cap (for example, $150, $500, or $1,000). If the bet loses, the refund is issued as bonus bets, not cash, typically within 24–72 hours and often split into tokens that expire in about 7 days. If the bet wins, no refund is given.

No-sweat bets: works the same way but usually tied to a specific event or day with a smaller cap (for example, $10–$100). A losing eligible wager is refunded as bonus bets, not cash, subject to expiry and other terms. A winning bet receives normal cash winnings and no refund.

First bet insurance: another name for the same "loss-refund" structure on your very first wager. The refund is capped and paid as bonus bets, not cash, and only if the first bet loses. Bonus-bet stakes are not returned on winning bonus-bet wagers, and minimum-odds and expiry rules apply.

Sportsbook No Deposit Bonuses

A no deposit bonus is a rare type of sportsbook promotion that gives new users bonus bets or site credit without requiring any deposit. These offers are typically tied to special occasions, such as a new state launch or a major event, and are designed to let bettors try the platform risk-free. However, no deposit bonuses are very uncommon in today’s regulated U.S. market and usually come in low amounts, often just a few dollars in site credit. Importantly, none of the reputable sportsbooks featured on this page currently offer a no deposit bonus, making this type of promotion more of a special exception than a standard welcome offer.

Common Sportsbook Promotions for Existing Users

If you're a longtime user of legal sportsbooks, there are also promotions for you, too. Let's take a look at each of them. 

Odds Boosts & Profit Boosts

Odds boosts and profit boosts are exactly what they sound. For odds boosts, the odds are raised on select bets, increasing the potential payout. On profit boosts, your winnings get multiplied by a set percentage on eligible bets.

• Odds Boost: Raises the odds on select bets, increasing potential payout.
• Profit Boost: Multiplies your winnings by a set percentage on eligible bets.
• Who is known for these: DK, FD, BetMGM, bet365

Reload Bonus

For reload bonuses, existing users can get a certain percentage of their deposit matched up to a certain amount. This is for returning or dormant bettors, and also encourages re-engagment and repeat deposits for the sportsbook. 

Refer-a-Friend Bonus

It pays to get your friends involved in gambling. If a friend signs up for an account on a sportsbook through a referral link, your account can get rewarded with bonus bets or site credit. Let's take a look at what each sportsbook offers with its refer-a-friend bonus.  

Loyalty and Rewards Programs

Loyalty and rewards programs give bettors ongoing value by allowing them to earn points for every wager they place, which can then be redeemed for bonus bets, perks, or merchandise. These programs often feature multiple tiers, and as users climb to higher levels, they unlock extra benefits like faster withdrawal processing, exclusive VIP promos, personalized offers, and priority support. Some sportsbooks focus purely on bonus bet redemptions, while others integrate unique perks — for example, Fanatics Sportsbook lets users exchange rewards (FanCash) for merchandise on the Fanatics store, blending retail and betting benefits in a way no other operator currently does. These programs are ideal for regular bettors who want to maximize long-term value from their action.

• DraftKings Dynasty Rewards– earn Crowns for every bet; redeem for bonus bets, DFS entries, or merchandise. Higher tiers offer enhanced perks.
• FanDuel Rewards Program– points earned through betting can be redeemed for bonus bets; higher tiers unlock special promos and priority service.
• BetMGM Rewards– integrated with MGM Resorts; points can be redeemed for bonus bets or hotel, dining, and entertainment perks at MGM properties.
• bet365 Loyalty Program– rewards frequent bettors with points redeemable for bonus bets; program is straightforward but lower on flashy perks.
• Caesars Rewards– tied to Caesars Entertainment’s broader program; points can be redeemed for bonus bets or used at hotels, restaurants, and casinos.
• Fanatics FanCash– earn 2–5% back on wagers; can be redeemed for bonus bets or merchandise on Fanatics.com, making it the most retail-integrated rewards program.

Sports Betting Contests and Tournaments

Sports betting contests and tournaments are competitive betting events where users place picks or wagers to climb leaderboards and compete for prizes such as bonus bets, cash, or merchandise. These contests can be free-to-play (often used as promotional tools) or paid entry, offering larger prize pools and more competitive formats. Sportsbooks frequently tie these events to major sports seasons or marquee events — for example, NFL playoff pick’em challenges, March Madness bracket contests, or special promotions during the Super Bowl. FanDuel and DraftKings are particularly well-known for their extensive contest offerings, drawing on their Daily Fantasy Sports (DFS) roots to run large-scale tournaments with tiered leaderboards and substantial payouts. These contests are a fun way for bettors to engage with the sportsbook beyond standard wagering, adding a social and competitive layer to the betting experience.

Common Sports Betting Promotion Terms & Conditions

Every sportsbook promotion comes with specific terms and conditions that govern who’s eligible, how payouts work, and how any bonus funds can be used. Understanding these rules is essential to avoid surprises and make the most of any offer. Here are some of the most common conditions you’ll see across sportsbooks:

• Eligibility: most welcome offers are limited to new customers who are physically located in a legal sports betting state.
• Minimum Deposit: the smallest amount required to qualify, usually $5–$20.
• Minimum Bet: the minimum wager needed to trigger the promo, often matching the deposit threshold.
• Odds Restrictions: many offers require the qualifying bet to be placed on odds of -150 or longer (e.g., +100, +150).
• Wagering Requirements: you may need to play through bonus funds multiple times before you can withdraw winnings.
• Win/Loss Requirement: some promos apply whether your bet wins or loses, while others (like "second-chance bets") only activate if your qualifying wager loses.
• Bonus Expiration: bonus funds typically expire within 7 days if not used.
• Market Restrictions: certain promos are valid only for specific sports, markets, or bet types.
• Payout Format: bonus bets themselves aren’t withdrawable — only winnings from bonus bets can be cashed out.

Before claiming any promotion, always read the full terms and conditions carefully so you understand exactly how the offer works and what’s required to unlock its value.

Responsible Sports Gambling Resources

• Sports betting should be fun, not stressful. If you feel like gambling is impacting your finances, relationships, or mental health, there are free and confidential resources that can help.
• The American Gaming Association (AGA) offers research, education, and resources to promote responsible gaming—learn more at www.americangaming.org/responsible-gaming.
• National Council on Problem Gambling (NCPG) – Call or text 1-800-522-4700 or visit www.ncpgambling.org/chat for 24/7 support.
• Gamblers Anonymous – Peer support groups and recovery programs. Visit www.gamblersanonymous.org to find a meeting near you.

FAQs about Sportsbook Promos & Bonus Bets

Can I sign up for multiple welcome offers?

• Yes, you can claim one welcome offer per sportsbook, and many bettors sign up with multiple sportsbooks to take advantage of different promotions. However, you can’t claim multiple new-user offers from the same sportsbook using the same personal information.

What are bonus bets?

• Bonus bets are promotional credits sportsbooks give you to wager with — not actual cash. If you win a bet placed with bonus bets, you typically receive only the winnings, not the original stake.

Can I withdraw bonus bets?

• No. Bonus bets themselves cannot be withdrawn. You can only cash out the winnings generated from those bonus bets, once any wagering requirements are met.

What are the most common sportsbook bonuses?

• Bet & Get Offers– bet a set amount, receive bonus bets.
• Deposit Match Bonuses– sportsbook matches your first deposit up to a limit.
• First Bet Insurance– get your stake back (as bonus bets) if your first bet loses.
• Odds Boosts & Profit Boosts– enhanced payouts on specific wagers.
• Seasonal or Event Promos– tied to big games, tournaments, or launches.

What is first bet insurance?

• First bet insurance protects your first wager. If it loses, the sportsbook refunds your stake in bonus bets (sometimes up to $1,000 or more). If your first bet wins, you’re paid out normally.

What are "bet and get" offers?

• A bet and get offer gives you bonus bets after placing a qualifying wager. For example, "Bet $5, Get $200" means you place a $5 bet, and regardless of the outcome, the sportsbook awards $200 in bonus bets.

Do you need a promo code for a sportsbook promo?

• Sometimes. Some promotions are automatically applied when you sign up through a special link, while others require entering a promo code during registration or deposit. Always check the offer details to avoid missing out.

Where do I enter promo codes in the registration process?

• Most sportsbooks provide a designated field for promo codes during account creation or the initial deposit step. If you forget to enter a code, some operators allow you to add it afterward in the "Promotions" or "Account" section — but not all, so it’s best to enter it up front.

Gambling disclaimer: Only individuals aged 21 and over are permitted to gamble. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. Gambling is subject to local state regulation and is illegal in some states. Please gamble responsibly – information relating to responsible gambling can be found here.

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