Best US Sports Betting Bonuses

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The United States has created some of the most competitive sports betting and igaming industries in the world. States like Colorado, Michigan, and New Jersey have some of the best sports betting bonuses on the market. Bettors will mainly find deposit bonuses, risk-free bets, and no-deposit bonuses. Read on for information on the best US sports betting bonuses and our exclusive promo codes.

Best Online Sports Betting Bonuses 2021

Online Sports Betting Bonuses In The US 

DraftKings

DraftKings is the third major sportsbook brand of the three major sportsbook brands in the United States. It’s also available on iOS and Android devices, as bettors should expect from a sportsbook brand that big. Like FanDuel, DraftKings has grown from a fantasy sports giant to a sportsbook and online casino giant. Its available products depend on the state bettors live in. However, its sportsbook is consistently rated one of the best sportsbook apps on the market. 

DraftKing’s welcome bonus is a little tricky to redeem though. First, bettors must make their first deposits in the amount that they’d like to redeem. Then bettors must wager $5 to receive $1 in site credits. 

BetMGM

Like most major sportsbook brands, BetMGM is available on iOS and Android devices. Like FanDuel, it’s one of the three major sportsbook brands in the United States. But unlike DraftKings and FanDuel, BetMGM is a casino-operated sportsbook. Part of its strategy is to encourage MGM Grand customers to use the BetMGM app. BetMGM allows bettors to accumulate reward points with their betting activity. So, it’s a great app for bettors who frequent MGM Grand properties. (Or for bettors who would like to.)

BetMGM’s bonus offer can only be redeemed on the first bet. Bettors will also only receive bonus credits if they lose. If bettors win, then they get their winnings, which is a better deal than a flat refund with no financial gain. 

Caesars

Caesars Sportsbook had the biggest glow-up of all the sportsbooks that have launched in the United States since 2018. It was acquired by William Hill in 2021 and relaunched on William Hill’s platform. The app became sleeker and easier to use. The Caesars commercials certainly improved. (We are all Caesar!) 

Its welcome bonus is the best on the market, but it’s temporary. The $5,000 risk-free bet is to celebrate the merger of William Hill and Caesars Sportsbook. It runs until the end of September, so bettors with the money to spend should sign up for the revamped Caesars Sportsbook quickly.  

BetRivers

Depending on the state bettors live in, they may know BetRivers by the BetRivers brand name or by PlaySugarHouse. It’s another sportsbook that has an online casino product in addition to its sportsbook. So bettors who are prolific gamblers may like the additional products. However, BetRivers really comes into its own with its rewards program. As bettors accumulate points, they unlock new features, like additional bonuses, and at the highest levels, expedited withdrawals. It requires consistent large bets, so it’s tailored to high-rollers. So, bettors who spend a lot of money should consider a BetRivers account. 

FanDuel 

FanDuel is available for iOS and Android devices, making it an easily accessible app on any platform. It’s one of the three major sportsbook brands in the United States. It grew from a fantasy sports giant into a sportsbook and online casino. Depending on the state bettors live in, they’ll be able to access several of these products. However, FanDuel’s sportsbook is one of the strongest products in its portfolio. It offers consistently strong odds on underdogs. So bettors who want to take a chance should consider creating a FanDuel account. 

Its welcome bonus is good for bettors who have some cash to spend upfront too. The welcome bonus can only be redeemed once, so bettors who can place a big bet upfront can get a lot of site credits to use in later bets. 

WynnBET 

WynnBet is another casino-operated sportsbook. Wynn Resorts is one of the casinos that got in on the mobile sports betting game to expand its reach. It’s available on iOS and Android, so bettors can find it easily. Its odds are strong across the board, too. Bettors looking for a Vegas sportsbook feel should consider creating a WynnBet account. 

Bettors should understand how to cash in on their risk-free bet, though. They have to make a deposit of at least $20 to qualify for it. Then, bettors can make their first bets and collect their risk-free bets. It’s a special condition that bettors should be aware of before they ruin their chances of redeeming this bonus. 

PointsBet

PointsBet is a young Australian company that’s quickly made a name for itself. What sets it apart is its unique type of betting, appropriately called points betting. Points betting allows bettors to deviate from the fixed odds set by PointsBet and makes precise predictions. Bettors are rewarded exponentially if they guess correctly. However, bettors are penalized exponentially, too. So, bettors on a budget should stick with fixed-odds sports betting. 

However, the welcome bonuses could ease some bettors’ concerns. Bettors can get site credits in return for lost wagers. However, they’re good for bettors’ first bets only, so bettors should decide how to use these bonuses ahead of time. 

Unibet

Unibet Sportsbook is not as widely available in the US as some of its competitors, but it’s a solid user-friendly app that bettors of all backgrounds will enjoy, especially new bettors. It has a great selection of international sports. 

Types Of Sports Betting Bonuses In The US 

There are a few types of bonuses that bettors will see repeatedly. Deposit bonuses reward bettors for how much they wager after making large deposits. Risk-free bets refund lost bets in site credits up to an advertised amount. VIP and loyalty programs unlock new perks for bettors who bet big and bet consistently. Finally, no-deposit bonuses just give bettors a few site credits for signing up. These bonus types can be packaged as welcome bonuses or ongoing promotions. 

Deposit Bonuses

Deposit bonuses are some of the most eye-catching bonuses on the market. However, they include important terms that bettors can easily miss. Bettors’ first deposits often set the number of site credits that bettors are eligible to receive. However, bettors must bet their money to actually receive the bonus credits. For example, DraftKing’s deposit bonus has a 5x playthrough requirement. That means bettors must wager $5 to get $1 in site credits. Redeeming this type of bonus requires the most planning of the welcome bonuses offered on the sportsbook market. 

Risk-Free Bets

Risk-free bets are refunds that bettors receive in site credits when they lose a bet. These are often used as eye-catching welcome bonuses. However, they can be used in smaller amounts as ongoing promotions, too. When bettors place a bet and lose, they’ll get site credits equal to their lost stakes, up to an advertised amount. FanDuel offers a $1,000 risk-free bet on a bettor’s first wager. So, bettors can get up to $1,000 back if they lose their first wager. However, that $1,000 is in site credits, so it can’t be withdrawn like cash. 

No-Deposit Bonuses

No-deposit bonuses are what they sound like. They’re small amounts of site credits that bettors get when they successfully sign up. They’re not hard to earn, but they don’t go very far. They’re just early incentives for bettors to try betting. DraftKings offers a $25 no-deposit bonus alongside its main welcome bonus. It’s easier to try sports betting for the first time using someone else’s money than with a bettor’s own money. So, even though the amounts are small, they go a long way toward grooming future sports bettors. 

Loyalty And VIP Programs 

Loyalty and VIP programs are best for bettors who can consistently bet a lot of money. They track a bettor’s betting activity and rewards them based on that activity. For example, BetRivers has a rewards program that unlocks new features for high rollers. That could include new bonuses, expedited withdrawals, and even personal bankroll assistants. However, many of these features are exclusive to the highest levels of the rewards program. So, they’ll take a lot of work to unlock. 

How To Claim Online Sportsbook Bonuses In The US 

Taking advantage of a welcome bonus means choosing a sportsbook that offers an attractive welcome bonus. So, bettors have to start by browsing through sportsbook apps, either on the App Store or the Google Play Store. Sportsbooks also have websites where bettors can wager on their desktops or in their browsers. Then, bettors must sign up. The registration process is where many bettors unlock the sportsbook’s welcome bonus. On the first or third registration step, there will be a section for bettors to enter a promo code for a special welcome bonus.  

However, bettors must also satisfy the welcome bonus’s terms and conditions. Bettors may have their bonuses begin when they make their first deposits. If that’s the case, then bettors must ensure that they deposit enough to get their desired amount of bonus money out of the sportsbook. But if a bettor’s first wager sets the bonus off, then bettors should pick their first bet with care. A refunded loss is a good way to take a chance on an underdog. So, bettors should be prepared to strategize. 

Once bettors have won, bettors can make their first withdrawals. The withdrawal section will be near the deposit section of a bettor’s account. Bettors just have to go there, decide how they’d like to make the withdrawal, then wait. Withdrawals take longer than deposits do because sportsbooks must know who the money is going to. They can take a few business days to clear.   

However, bettors must be careful to download a brand’s sportsbook app and not confuse it with a daily fantasy sports site, an online casino, or a different state’s app. 

Sportsbook Bonus FAQs

What’s The Most Valuable Online Sports Betting Bonus?

For most bettors, risk-free bets are the most valuable online sports betting bonuses. It’s easier for most bettors to place one large bet than many large bets. The high level of ongoing betting needed to redeem most of a deposit bonus makes it less valuable for casual bettors. 

How Old Do I Need To Be To Place Bets Online In The US? 

In most states, bettors must be 21. There are a few states with a lower gambling age set at 18. However, most bettors shouldn’t expect online sportsbook access until they’re old enough to drink. Sports betting still counts as casino gambling when it’s online. 

Can I Claim A Bonus At More Than One Sportsbook In The US?

Yes. Bettors can claim multiple sportsbooks’ bonuses. However, bettors can only claim each bettor’s bonus once. Welcome bonuses are only meant to be redeemed one time. They’re for enticing bettors. They’re not for sportsbooks to fund bettors’ sports betting careers. 

What Are The Playthrough Requirements On Legal Online Sportsbooks In The US?

Playthrough requirements are the requirements that some sportsbooks set for bettors to receive bonus credits. DraftKings has a playthrough requirement for its deposit bonus. Bettors receive $1 in site credits for every $5 they wager. That ensures bettors are rewarded for betting and aren’t using free money. 

What Is Bonus Abuse And How Can I Avoid It?

Bonus abuse is creating multiple accounts at the same sportsbook to unfairly leverage sportsbook money. It costs sportsbooks money over time, and they’re good at cracking down on bettors they suspect of committing it. So, bettors shouldn’t borrow their spouses’ social security numbers for an extra sportsbook account. 

What Is The Bonus At DraftKings Sportsbook?

DraftKing’s bonus is a $1,000 deposit bonus with a 20% match rate. For every $5 bettors deposit, they’ll be eligible for $1 in bonus credits. That amount will be set by bettors’ first deposits. To get the site credits, bettors must wager $5 to get $1 in bonus credits. As long as bettors wager at their normal pace, they’ll maximize their value from DraftKing’s welcome bonus. 

What Is The Bonus At FanDuel Sportsbook?

FanDuel offers a $1,000 risk-free bet. If bettors place a bet and lose, then they’ll get their stakes refunded in site credits. FanDuel will refund up to $1,000. However, bettors can’t withdraw site credits like cash. So, bettors should be prepared to place new wagers with those site credits.

Is There A Wager Requirement At US Sports Betting Apps?

Yes. Many sportsbook bonuses require bettors to spend their own money. That ensures that bettors are rewarded for being engaged with a sportsbook and not just for signing up for a sportsbook account. (No-deposit bonuses are tiny for a reason.)

About the Author

Christopher Gerlacher

Christopher Gerlacher is a freelance writer tucked into the foothills in Colorado Springs. He works as a content writer, a professional resume writer, and authors search engine optimized professional articles in multiple industries.

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