Best Sportsbook Promos & Bonus Offers Today: $9.8K+ in Bonuses for Feb. 2026

Key sportsbook promos highlights

⭐ Top sportsbook promos explained: I break down the best sportsbook bonuses and explain which welcome offers provide real betting value versus flashy headline numbers.

⭐ Hands-on bonus analysis: I share my experience evaluating bet-and-get offers, bonus bets, and promo terms, including what’s worth claiming and what to watch out for.

⭐ Updated promos for major events: I highlight how sportsbook promos change around big sporting events and which platforms consistently offer the strongest incentives for new users.

While the larger and more prominent sportsbooks like FanDuel and DraftKings capture the majority of the sports betting market, numerous other operators still offer compelling promos for American bettors. We’ve compiled a comprehensive list of available sportsbooks and highlighted each platform’s bonus offers, making it simple to compare and find the best options for your next wager.

Top sports betting sites consistently offer great bonuses and promotions across a wide range of events, and you don't have to be a new user to take advantage. Current users can use these weekly promos whenever they appear, but hurry, as they are often limited-time offers.

Here is our top three betting app promos for today.

1. DraftKings Gold Medal Games Boost: Through Feb. 20, 2026, you can get a 20% SGP boost and a 20% live boost on Olympic hockey games.
2. BetMGM NBA No Sweat Token: Make an NBA bet and get your stake back in bonus bets if it loses.
3. FanDuel Bet Protect: If you place a pre-live NBA player prop wager and your player leaves the game in the first quarter and doesn't return, you'll get your stake back in bonus bets.  

Our experts have decades of combined sports betting experience that shapes how we view and rank the top new sportsbook promo offers in the U.S. We’ve narrowed it down to our top five choices and provided our favorite feature at each of these betting sites, all while including our exclusive sportsbook promo codes that you can use right now when registering your account through our links.  

1. BetMGM promo - Best online sportsbook promo
2. Caesars Sportsbook promo - Best bonus for bet match
3. FanDuel promo - Best sportsbook promo for casual bettors
4. DraftKings promo - Best bet and get sportsbook bonus
5. Fanatics Sportsbook promo - Best multi offer sportsbook promo
6. bet365 Sportsbook promo - Best dual welcome promo

Up to $1,500 in bonus bets

Using the BetMGM promo code SI1500, I was able to receive up to $1,500 in bonus bets as part of BetMGM’s welcome offer by placing a $1,500 first wager. I was comfortable betting that amount because of the safety-net built into the promotion, which changed how I approached the wager from the start. In my case, the bet ended up winning, but knowing that I would have received my full stake back as bonus bets if it hadn’t hit made it easier to be more aggressive without taking on full downside risk.

For bettors willing to bet bigger early, that safety net adds real value to the offer, but there is value in the second chance offer even if you're making a smaller wager of $50 or $100 on that first bet. 

The best online sportsbook for payouts truly delivers with its February 2026 welcome offer.

The best way to use your BetMGM Bonus 

You can approach the second-chance offer from BetMGM in multiple ways. Taking a swing with a big underdog is certainly warranted, especially if you are only depositing $100-$300 on that first bet. Hitting a bet of +400 or bigger would substantially increase your bankroll in that scenario, and the risk is limited thanks to the smaller investment and the fact that you'll get bonus bets back if you lose. 

If you're depositing $500-$1500 and aiming for the full BetMGM welcome bonus, I'd recommend taking a slightly more conservative approach. Since your investment is bigger, your return on a bet of +100 will also be substantially bigger, and your odds of hitting that first bet will be far better as well. 

Example 1: $150 second-chance wager at +400 odds.  

• Win = $600 profit and $750 total return
• Loss = $150 in bonus bets (split into five bonus bets of equal value)

Example 2: $1000 second-chance wager at +100 odds

• Win = $1000 profit and $2000 total return
• Loss = $1000 in bonus bets (split into five bonus bets of equal value)

✍️ SI Expert Tip: Bigger investments up to $1,500 are still covered by the second-chance offer, but having to work through up to $1,500 in bonus bets is time-consuming, so a safer wager on that first wager also gives you a better chance of avoiding that second scenario.

Main terms and conditions for the BetMGM welcome offer:

Who is the BetMGM bonus suited for?

This bonus is best suited for high-stakes bettors who are willing to place a larger first wager to take full advantage of the $1,500 refund cap. That said, the offer is flexible, since you can bet any amount up to that limit and still receive refund protection if your first wager loses. Even bettors placing $50 or $100 can benefit from the safety-net structure while testing BetMGM for the first time. If you’re confident in your betting strategy and want a bonus that scales with how much you’re comfortable wagering, BetMGM delivers value at multiple stake levels.

Read our BetMGM review for a full breakdown of the best option among college football betting sites.

I used Caesars Sportsbook promo code SIBONUS250BM when I registered, and the welcome bonus was applied automatically. I needed to deposit $10 to qualify for the welcome bonus, but since Caesars Sportsbook offers a first bet match up to $250, I deposited $250 to take advantage of the full bonus.

The only restriction on my first bet was that it had to be placed at odds of -500 or longer. Thanks to the generous bonus terms from Caesars, I was going to get my first bet match win or lose, so I scouted a moderate -200 favorite during NFL season that I liked and made my $250 wager. I was lucky enough to get a win and book a $125 profit, which I kept. 

The best way to use your Caesars Sportsbook Bonus

At this point, I was using my $250 bet match from Caesars, with 30 days to place it. Since the bonus bet couldn’t be split into smaller wagers, I took a slightly more balanced approach and placed it on a +100 underdog in the NHL. That bet hit, resulting in another $250 in profit. As expected, the $250 bonus bet stake was not returned after the wager settled.

✍️ SI Expert Tip: Caesars bonus bets can’t be split, and the stake isn’t returned after the bet is placed, regardless of the outcome. Instead of playing it overly safe, consider targeting a well-researched wager at +100 odds or better to give yourself a meaningful payout opportunity.

Main terms and conditions for the Caesars Sportsbook welcome offer:

Who is the Caesars Sportsbook bonus suited for?

This Caesars Sportsbook welcome offer is ideal for bettors who value straightforward rewards that require only a small upfront investment. The bonus can be claimed by anyone, as the bet match will be activated on bets as low as $1, but higher-stakes players who like backing favorites, at odds as short as -500, will undoubtedly love the fact that they can get a bonus bet of up to $250 off that initial wager. Although it is a one-time bonus bet offer that can't be split across multiple wagers, the Caesars Sportsbook welcome offer still delivers strong value for anyone who wants meaningful upside from their first wager without dealing with complicated wagering requirements.

Check out our Caesars Sportsbook review for a more detailed look.

I liked the FanDuel promo code offer because it let me try the sportsbook without committing much upfront. I registered, deposited $5, and placed my first bet right away on a market I was already comfortable with. There were no odds restrictions on that initial wager, allowing me to bet on a heavy favorite and making the process feel straightforward and low-pressure. After the bet settled as a win, the bonus bets were credited to my account within the stated window, and I was able to use them across a wide range of sports without having to jump through extra hoops.

The best way to use your FanDuel bonus

After I won my first bet and received my $100 bonus from FanDuel Sportsbook, I had seven days to use it before it expired. Since you don't receive your initial stake back when using bonus bets on FanDuel Sportsbook, I’ve found that they are often better suited for use on wagers with longer odds that show value.

Example: If I used $20 of our bonus bets on a wager at short odds like -200, it would still yield only $10 in profit if the bet won.

However, a $20 wager at +200 would yield $40 in profit. Even if I lost two of three bets at these odds, I would still be ahead of a bettor who won two of three bets at -200 odds ($20 in profit). 

For my own bonus, I ended up making several wagers with them, targeting bigger odds in the +150 to +400 range on player props across multiple sports to spread my risk. Even though I won only two of five bets, I still ended up ahead and added over $50 in cash to my bankroll. 

✍️ SI Expert Tip: However you decide to distribute your bonus bets, ensure you have a solid betting plan before starting. Make sure to utilize some of the tips found in our review of the best prop betting sites for sports betting.  

Main terms and conditions for the FanDuel welcome offer:

Who is the FanDuel bonus suited for?

The FanDuel welcome bonus is best for new bettors who want to get started without a big upfront commitment. The low deposit makes it easy to place a first wager, explore different markets, and get comfortable with the app before betting more regularly. At the same time, the offer is flexible enough that experienced bettors can still use it to test FanDuel’s betting tools and overall user experience with minimal risk. Even if you already have accounts elsewhere, this bonus works as a simple, low-effort way to add FanDuel to your rotation.

Make sure to read our FanDuel review to learn more about the sportsbook.

I found the DraftKings Sportsbook bet $5, get $200 in bonus bets if you win  to be a solid welcome offer. Since I needed to win my first bet to activate the offer, I didn't love the odds restrictions on my first bet, which stated I needed to place my first wager at odds of -500 or longer. However, I still rate the DraftKings bonus as a great option for beginners because it requires only a small upfront investment of $5 and has very straightforward terms.

When I used the DraftKings promo code, my top priority was obviously locking in the $200 in bonus bets. To do that, I targeted a heavy home favorite during the NFL season at around -450 odds, a bet with an implied probability of about 82-83%. The home team won, my bet cashed, and the bonus bets hit my account right away. Overall, my main suggestion when claiming the DraftKings Sportsbook bonus would be to take your time and place your first wager at odds as close to -500 as possible to keep your risk low while still qualifying for the offer.

The best way to use your DraftKings bonus

DraftKings' bonus structure is very similar to FanDuel's, as you'll have seven days to use your bonus bets after unlocking the bonus, and you won't receive your stake back when you wager with your bonus bets. The main difference on DraftKings is that you'll get your bonus bets in $25 tokens, so you'll have to deploy them as eight $25 bets. 

If you're looking to chase a little extra profit and don't mind taking a little extra risk with a portion of your bonus, I recommend mixing in a couple of same-game parlays (SGP) at odds around +1000. While these are high-variance bets, hitting one SGP at these prices with a $25 bonus bet would give you a $250 cash return and ensure a profitable experience. 

✍️ SI Expert Tip: Have a plan, but don't be afraid to take some risks with your bonus bets either. Remember, these are essentially freerolls you got just for signing up on one of the top online sportsbook apps and placing a single $5 wager — so the investment is minimal. 

Note: New users can also claim a first-deposit offer of up to $1,000 on DraftKings, in addition to the bet-and-get offer. DraftKings will match 20% of your initial deposit up to $1,000, meaning you'll have to deposit $5,000 to maximize the offer.  

Main terms and conditions for the DraftKings welcome offer:

Who is the DraftKings bonus suited for?

DraftKings has a great dual offer for its welcome promo. New bettors can take advantage of a straightforward bet-and-get offer worth $200 in bonus bets when they win their first wager at minimum odds of -500. They can also access a sizable 20% first-deposit match up to $1,000. While we’d prefer less demanding playthrough requirements on the deposit bonus, it still delivers strong value for high-stakes bettors.

Read our DraftKings review for a full breakdown of everything the best online sportsbook offers in 2026, including why it ranks among the best prop betting sites.  

Important terms and conditions:

GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-522-4700, (800) 327-5050 or visit MA Gambling Helpline (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).Please Gamble Responsibly. 888-789-7777/visit CONNECTICUT COUNCIL – ON PROBLEM GAMBLING (CT), or visit Home (MD).21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new customer. Must register new account to receive reward Token. Must select Token BEFORE placing min. $5 bet to receive $200 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bet must settle by and Token expires 3/15/26. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: Promos | DraftKings Sportsbook . Ends 3/8/26 at 11:59 PM ET. Sponsored by DK.

There are a few Fanatics Sportsbook promo offers you can choose from that vary by state. Bettors in most states will have their choice between two offers, which we'll highlight below.

Up to $1,000 in FanCash

This offer rewards consistent daily betting rather than a single qualifying wager. By placing one bet each day, I earned a FanCash bet match for 10 straight days. To maximize the value, I wagered $100 per day and collected the full $1,000 in FanCash.

Here are the main terms and conditions for the $1,000 FanCash offer:

Bet $50, get $300 (Secondary offer in all states outside of IL and NY)

I didn’t claim this offer myself since I chose the $1,000 FanCash promotion, but it’s a strong alternative for bettors who prefer smaller, consistent wagers. With this offer, you place a wager of $10 or more on any eligible market for five consecutive days, and Fanatics issues $60 in FanCash each day regardless of whether the bet wins or loses. That structure makes it easy to earn rewards without committing to a large upfront bet or placing daily wagers over the long term.

✍️ SI Expert Tip: Choosing which Fanatics welcome offer is right for you is an entirely personal choice. Consistent bettors should feel good about taking the 'Up to $1,000 in FanCash', as it's the higher value offer. However, the 'Up to $300' offer is easier to clear and will still give your starting bankroll a nice boost. 

Main terms and conditions for the Bet $10+, get up to $250 FanCash offer:

Bet $50, get $250 (Primary NY offer)

This offer is designed around daily betting instead of a one-time qualifying wager. By placing a $10 bet each day for five consecutive days, new users in New York can earn $50 in FanCash per day, win or lose, for a total of $250 in FanCash. No Fanatics Sportsbook promo code is required, and all eligible bettors receive the same guaranteed reward.

Note: This is New York's primary welcome offer.

Fanatics Sportsbook New York and Illinois secondary sign-up bonuses

NY and IL sports bettors new to the Fanatics Sportsbook app can choose to claim this secondary offer if they'd prefer.

100% profit boost token for 5 days 

Get a 100% profit boost token for five days straight to use on a minimum -500 odds wager, up to $25.

Fanatics Sportsbook promo summary

Who is the Fanatics bonus suited for?

The Fanatics welcome bonus appeals to all types of bettors. The low initial wagering requirements and win-or-lose structure make it easy for new or casual bettors to start slow while still earning rewards. At the same time, the ability to earn up to $1,000 in FanCash gives high-stakes players plenty of upside if they’re willing to bet more consistently. Overall, Fanatics stands out for its flexibility, offering strong value whether you prefer small daily bets or a faster, higher-value return.

For a more detailed look at the betting site, check out our Fanatics Sportsbook review.

Two promo offers are twice as nice, and that’s exactly what bet365 serves up. New users will choose between $150 in guaranteed bonus bets or a First Bet Safety Net offer of up to $1,000 when they use the bet365 bonus code SIB365.

The first promo is ideal for casual bettors who want to claim a quick $150 in guaranteed bonus bets for a mere $5 wager. However, those interested in taking a big first shot will likely opt for the First Bet Safety Net promo of $1,000. If a bettor's first wager loses, they'll receive their full stake back in bonus bets, up to $1,000.

Terms and conditions:

Welcome Promo #1

• A minimum $10 deposit and $5 qualifying wager on odds of -500 or greater is required.
• The bet must settle within 30 days to unlock the bonus bets.
• This promo can only be claimed on the bet365 app.
• This bonus expires on March 17, 2026.

Welcome Promo #2

• Your opening bet determines the refund value (max $1,000).
• Bonus bets are awarded after the wager settles as a loss and expire seven days (168 hours) after being issued.
• Like all bonus bets, the stake value is not included in any winnings.
• This welcome promo can only be claimed on the bet365 app.
• This bonus ends on March 17, 2026.

bet365 welcome bonus highlights

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For a full breakdown on the sportsbook, check out our bet365 review and bet365 promo code pages.

Here’s a look at the best sportsbook promos, collected in one place so you can quickly compare and find the offers that fit your betting style.

We suggest claiming multiple offers, or as many as you can, but pace yourself instead of triggering them all at once. Spacing them out gives you more time to meet all the requirements and ensures you’re getting the most out of each bonus.

We've searched high and low for the best daily boosts and bonuses at the top U.S. sportsbooks. Here are the most recent verified betting app promos for Feb. 22, 2026.

🟡 BetMGM

• 🏀 College Basketball Odds Boost Token: Boost your CBB wager when you apply this token.
• 🏀 NBA No Sweat Token: Apply this token to an NBA bet, and you'll get your stake back in bonus bets if it loses.
• 🏒 Hit The Hat Trick Jackpot: Bet on an NHL player to score, and if they end up with a hat trick, you'll get a share of $10,000 in bonus bets.

Claim BetMGM promos

⚫ Caesars Sportsbook

• 🏀 $225K 60 Point Club: Place an NBA SGP and win a share of $225,000 if a player in your game scores 60 or more points.
• 🏀 NBA Flips: Visit the NBA Flips game daily to earn a profit boost or even a share of $50,000 in bonus bets.
• 🏀 NBA Odds Boosts: Check the "Boost" tab to wager on plenty of different boosted NBA wagers.

Claim Caesars Sportsbook promos

🔵 FanDuel

• 🏀 NBA Choose Your Own Reward: Get the choice between a no-sweat token, a 50% SGP(+) boost token, or two 25% profit boost tokens to use on NBA wagers.
• 🏀 RG NBA Sweepstakes: Opt-in and set a deposit alert anytime during this sweepstakes, and you'll be entered to win tickets to a 2025-26 NBA regular season game.
• 🏀 NBA Mega Drop: Get a 25% profit boost token to use on an NBA Futures wager to earn an entry into the sweepstakes for a chance to win 2026 NBA Finals Tickets and NBA store credit.
• 👥 FanDuel Referral Program: Refer a friend and get $50 in bonus bets once their initial wager settles.

Claim FanDuel promos

🟢 DraftKings

• 🪂 Daily Drop: You can get a profit boost to use on any bet today.
• 🏅 Gold Medal Games Boost: Grab 20% boost plus a 20% live boost to use on Olympic hockey games through Feb. 20, 2026.
• 🏀 NBA Thursday Mystery Promotion: Get a bonus bet, SGP(x) boost, or an all-purpose profit boost.
• ⛳ The Genesis Invitational Top Finish Parlay Boost: Make a top X finish parlay and receive a 20% profit boost.

Claim DraftKings promos

🔴 Fanatics Sportsbook

• 🏷️ FanCash Drops: Join Fanatics Sportsbook's FanCash Bonanza every Friday to win FanCash for gear or bonus bets.
• 🏀 10% Back in FanCash: Earn more FanCash with every NBA wager.
• 🚀 Odds Boosts: Score special odds boosts on select NFL, NBA, MLB, NHL, and primetime events.
• 🎁 Personalized Promotions: Tap the ‘Discover’ tab in the Fanatics Sportsbook app to find personalized promos just for you.

Claim Fanatics Sportsbook promos

NFL betting promos

NFL betting promos add extra value to every part of the season, from weekly matchups to Super Bowl betting promos. Sportsbooks roll out consistent NFL betting offers that help bettors get more out of spreads, parlays, and player props all season long.

BetMGM and Caesars Sportsbook rank among the top NFL betting sites. BetMGM stands out for its exclusive NFL betting markets, while Caesars Sportsbook adds built-in NFL live streaming for select games. These NFL betting promos are available throughout the regular season and playoffs, giving bettors plenty of chances to maximize value on the best NFL and Super Bowl betting sites.

Beyond those two operators, all major sportsbooks provide a steady lineup of NFL betting promos every week of the season, ensuring bettors always have new ways to find added value from kickoff to the final whistle.

College football betting promos

College football betting promos focus on the biggest games each week. Most college football betting sites roll out odds boosts and game-specific offers for ranked matchups, rivalry games, and conference showdowns, adding extra value from Week 0 all the way to the National Championship game.

College Basketball Betting Promos

College basketball betting promos ramp up during the regular season and reach their peak with March Madness. Many March Madness betting sites offer enhanced odds, bonuses, and game-specific promotions, while top March Madness betting promos give bettors extra value on brackets, spreads, and more. 

NBA betting promos

NBA betting promos are available all season long, with many NBA betting sites offering weekly and recurring bonuses. DraftKings’ Shaq Pack delivers two profit boosts every week, while FanDuel’s Choose Your Own Reward lets bettors choose from three NBA reward options, creating consistent value on nightly games and player-driven markets.

NHL betting promos

NHL betting promos typically include profit boosts, parlay deals, and player-based offers across the league. BetMGM’s Hit the Hat Trick Jackpot stands out, awarding bettors a share of $10,000 in bonus bets when a selected player scores a hat trick, adding extra excitement to regular-season and playoff hockey.

Soccer betting promos

Soccer betting promos run year-round, with top operators offering odds boosts and match-specific bonuses across major competitions like the UEFA Champions League, MLS, and the English Premier League. bet365 stands out as one of the best soccer and World Cup betting sites by settling moneyline wagers as a win if your team goes up 2-0 at any point, even if the match later ends in a draw or loss. With global action nearly every week, bettors can consistently find added value from kickoff to full time.

UFC betting promos

UFC betting sites typically center promotions around major fight cards, offering profit boosts and enhanced odds on headline bouts. Caesars Sportsbook goes beyond standard fight and round props with a deep menu of pre-built same-game parlays in its MMA markets, many featuring payouts of +2000 or higher. That gives bettors more ways to build creative wagers and target bigger returns on fight night.

Whether you're grabbing Ohio welcome bonuses or claiming NY sportsbook promos, the process is quick and easy when you follow these simple steps.

1. Pick a sportsbook promo 

Start by selecting the sportsbook bonus that best fits your needs. With many betting sites and sports betting apps available, you'll have plenty to choose from.

2. Claim your promo code

Be sure to claim your promo code by clicking on any of the links on this page.

3. Create a new account

Registering is straightforward. You’ll need to enter basic personal info — like your name, address, and date of birth. Some promos may need to be claimed through a mobile app, so always check the terms and conditions.

4. Verify your identity

Most sportsbooks will ask for a government-issued ID, such as a driver’s license, to verify your identity. Some may also request proof of address, like a utility bill.

5. Deposit funds

Deposit the minimum amount required to claim your bonus. All major sportsbooks will have various deposit methods like debit, PayPal, Venmo, Apple Pay, and bank transfers.

6. Place a bet

Place your first bet, and make sure that it meets the minimum requirement of your bonus.

7. Enjoy your bonus

Once you've fulfilled the requirements of your first bet, you'll be able to enjoy your bonus. Remember, you typically have seven days before your bonus expires. 

Whether you're using New York sports betting apps, NC sports betting apps, or betting from anywhere else in the U.S., most of the best sports betting promos fall into three main categories: bet and get offers, second chance bets, and deposit match bonuses. Below, we break down what each of these means, along with a few other popular promo types you might come across in 2026.

Second chance bet 

Second-chance bet promos allow you to get your money back in bonus bets if you lose your first bet. For example, if you're looking at BetMGM through Ohio sportsbook promos or claiming from anywhere else in the United States, your first bet with BetMGM is covered. If your initial wager settles as a loss, the online sportsbook will refund your first wager of up to $1,500 in bonus bets.

These betting promos are popular with sports bettors looking for a low-risk first bet at a new sportsbook. They are also popular with experienced bettors who are comfortable betting $500+ with their first wagers.  

Bet and get 

Bet and get promos are offers that allow you to turn a small initial bet into a large amount of bonus bets. For example, the FanDuel bet and get offer will give you $100 in bonus bets from a $5 wager if you win your first bet.   

Deposit match bonus 

Deposit match bonuses reward you for making a big first deposit. Typically, online sportsbooks offer a 100% match, but some betting sites may offer bonuses that are either much larger or smaller.

For example, you can land a 20% deposit match bonus worth up to $1,000 with DraftKings.

Profit boosts

A profit boost bonus typically provides tokens with a designated boost percentage. For example, a sportsbook could offer bettors 100% profit-boost tokens as a welcome bonus. This means players can double their winnings with their bets.

No-deposit bonus 

No-deposit bonuses are sports betting promos you can claim without depositing real money. Unlike other sportsbook promos, no-deposit bonuses tend to be smaller and have more restrictive terms.

While you may be able to claim a no-deposit bonus as a welcome offer, these instances are rare. Online sportsbooks usually limit this type of offer to new legal state sports betting launches. If you're an existing sportsbook user, you may also receive this bonus as an incentive to become a more active bettor.

The best sportsbook promotions for new bettors are usually simple 'bet and get' offers. These bonuses require only a small deposit, making it easy to try an online sportsbook without a big commitment. Place a qualifying wager, win it, and you collect bonus bets on top of your cash winnings.

Two of the strongest betting app promos come from DraftKings Sportsbook and FanDuel. Both reward you for winning your first wager, with FanDuel offering no odds limits and DraftKings allowing picks as short as -500, which helps new users feel confident in their first bet.

Offers like the Fanatics promo are still great; however, they usually require more upfront betting to unlock full value — the same is true for BetMGM, which often asks for a larger initial wager. These promos can deliver big upside, but they’re typically better for users willing to spend a bit more or looking for higher-value returns from their first online sportsbook experience.

Sports betting promos are a great way to get started, but every offer comes with terms that can impact your experience and your payout. Before claiming a bonus, it’s important to understand the key conditions that affect how and when you can use the offer. Here’s what to look for:

Age and location requirements

To claim any sportsbook bonus, you must be at least 21 years old (18 in some states) and physically located in a state where online sports betting is legal. Your account must be verified before any bonus is activated. 

Canadian bettors can check out the best sportsbook promos in Canada to get started with the betting sites servicing customers north of the border.

Minimum deposits and wagers

Most offers require a minimum deposit, typically $5 or $10, to qualify. You’ll also need to place a minimum wager to activate the bonus, which is usually clear from the offer itself. Other betting app promos may have less obvious requirements, so it’s always worth double-checking the fine print.

Wagering requirements

Some bonuses come in the form of site credit or bonus bets that must be wagered before they can be converted into real, withdrawable cash. Always check whether the offer requires you to play through your bonus.

Minimum odds

Some sportsbook promos require your qualifying bet to meet minimum odds, like -200 or longer, to be eligible for the bonus. That means betting on heavy favorites may not qualify. For example, FanDuel’s current offer requires you to win your first bet, but has no minimum odds requirement. Other sportsbooks may include one in the terms, so always read the details to know what qualifies.

Wagering periods

Most sportsbooks give you seven days to use your bonus bets before they expire. Some sportsbooks offer a longer window — for example, Caesars Sportsbook gives users 14 days to use their bonus. Ensure you are aware of your deadline to avoid missing the opportunity.

Specific conditions

Some promos only pay out if your first bet wins, like FanDuel’s. Others, like BetMGM’s $1,500 offer, only apply if your first wager loses, and the amount you get back depends on how much you staked.

Our sportsbook promo reviews are based on how much real value each offer delivers — and how easy it is to enjoy. Here’s how we rate welcome bonuses, and the factors that can make your time with a promo better or worse: 

• Bonus value potential: What’s the maximum amount of bonus bets or credits you can earn by claiming the full offer? Some sportsbooks give you options — for example, the bet365 bonus code offer lets you choose between two different promotions, giving you flexibility to pick what works best for you.
• Deposit and bet requirements: How much do you need to deposit or wager to unlock and claim the promotion?
• Wagering conditions: Are there playthrough requirements or minimum odds that limit how or where you can use your bet?
• Bonus expiration: How long do you have to use your bonus bets before they expire — and how does that compare to other sportsbooks?
• User experience: How smooth is the process from sign-up to cashing in your bonus? Are the steps clear, quick, and frustration-free?

The goal is to highlight promos that offer genuine value, fair terms, and a smooth experience from start to finish.

With over 70 years of dedicated sports reporting, Sports Illustrated has earned the trust of millions. When we review online sportsbooks, we take a hands-on approach — signing up, depositing real money, claiming welcome bonuses, and placing informed bets.

The first-hand experience allows us to thoroughly evaluate each platform’s pros and cons to give you honest, detailed recommendations. We only endorse sportsbooks we trust and would personally use. If a site falls short of our standards, we’ll inform you and guide you toward better options. 

Welcome bonuses are just one type of sportsbook promo available to bettors in the U.S. Most top sportsbooks also have many existing customer promos for you to claim as soon as you start betting. Here's a look at what you can expect to find.

Odds boosts 

Odds boosts are promos that increase the odds in your favor to give you a bigger payout if you win.  

For example, let’s say the Los Angeles Lakers are playing the Boston Celtics and the Lakers have +200 odds to win. An odds boost promotion may increase those odds to +400. If you bet $20 on the Lakers without the odds boost, you would win $40. With the odds boost, you would win $80. 

Reload bonuses 

Reload bonuses are promotions that reward you for topping up your sportsbook account, such as giving you a set amount of bonus bets when you make a deposit. More commonly, you will see sportsbooks offering deposit match bonuses on specific days of the week. 

Referral bonuses 

Sportsbook referral bonuses allow you to claim a bonus offer by suggesting a sportsbook to your friends. Your sportsbook will give you a unique code or sign-up link — all you have to do is share it. Once your friend signs up with your link or code, you and your friend will claim an exclusive bonus.  

Sports betting should be for entertainment only. The best way to make sure betting stays that way is by practicing responsible gambling.  

Many sportsbooks have features like time limits, deposit limits, and other account limits. If you are a new bettor, we recommend setting some limits just to be safe. Offshore betting sites tend not to have these tools, and there are certain sportsbooks to avoid.

If you or someone you know needs help with gambling responsibly, consult these resources to get help.  

• Gamblers Anonymous
• National Council on Problem Gambling (NCPG)
• NCPG Hotline: 1-800-GAMBLER

In addition to the national resources above, you can find local resources on your state's gaming regulator’s website.