Best Sportsbook Promo Codes And DFS Sign-Up Bonuses June 2025

Top Promos By State

• Arizona
• California
• Colorado
• Florida
• Illinois
• Indiana
• Kansas
• Kentucky
• Maryland
• Massachusetts
• Michigan
• New Jersey
• New York
• North Carolina
• Ohio
• Pennsylvania
• Tennessee
• Texas
• Virginia

Many online betting sites offer bonuses as a means to attract and retain sports bettors. This situation works to your advantage, because you can earn bonus money on top of potential winnings with the best online sportsbook bonuses.

The only problem is that multiple types of sports betting bonuses exist with different rules behind each one. That said, where do you begin when trying to understand online sportsbook bonuses?

The following guide explains more on the different types of deals at legal online sports betting sites. It also answers common questions about many bettors have regarding bonuses.

Before getting started, though, we’d like to explain that online sportsbooks are the best places to find available bonus money. Retail sportsbooks don’t offer these deals, such as welcome bonuses, free bets, and risk-free bets. Some have VIP programs that reward you based on your betting volume. Again, though, you simply won’t find the type of offers that online sportsbooks have at retail locations.

Online Sports Betting Bonus Types

Again, the sports betting industry offers more than one type of bonus. Some deals match your deposit, while others amount to free bets. You should know how each bonus type works before depositing and pursuing it. This way, you have the best possible chance of getting free money and cashing it out.

Our Props.com team has chosen the best online sportsbook bonuses to discuss, including risk-free bets, deposit bonuses, and free bets. Each of these bonuses stand out because they can pay lots of money and are easy to understand. They also serve as lucrative welcome bonuses in many cases. As you may know, a welcome bonus is only available to first-time depositors.

Losing Bet Rebates

Losing bet rebates (formerly known as “risk-free bets”) return your stake (w/ terms attached) when your initial wager loses. If you win instead, then you’ll just collect the winnings and move on. Here’s how a risk-free bet (a.k.a. no sweat first bet) offer works in a losing situation:

• You sign up at FanDuel Sportsbook and get a losing bet rebate worth up to $1,000.
• You stake $200 and lose.
• FanDuel gives you a $200 bet.
• You now get a chance to re-wager the $200 and potentially win.
• Most online sportsbooks only pay the winnings on a losing bet rebate —not the stake as well.

The great thing about this deal is that it provides an opportunity to recoup losses from an unsuccessful first bet. The downsides are twofold:

1. Many online sportsbooks provide losing bet rebate offers in a lump sum. This means that you’ll have to wager the entire lost amount.
2. If your initial stake and losing bet rebate loses, then you’ve lost the entire starting stake.

Regarding the first downside, it’s better when online sportsbooks offer bonus bet credits instead of a lump sum. A bonus credit lets you wager in smaller increments (e.g., $100 spread out over 10 bets) and provides more freedom.

In either case, losing bet rebate offers come with terms and conditions—like all bonus types on this page. One common term is rollover, which requires you to wager the bonus over a certain multiple. Here’s an example on rollover for losing bet rebate:

• Rollover is 1x (standard at many online sportsbooks) on a losing bet rebate offer.
• You lose a $150 bet that’s covered by a losing bet rebate.
• You’ll need to wager at least $150 before converting the bonus cash to real money.
• You have 7 days to meet rollover.
• The bet must be placed at -200 minimum odds or greater.

A deposit match bonus matches your deposit by a certain amount. Like losing bet rebates, deposit match bonuses are commonly available as welcome bonuses. However, they can also be reload bonuses, which are available to existing customers (rather than just new bettors).

Here’s an example of a sportsbook deposit bonus:

• Tipico offers a 100% Deposit Match up to $100
• You sign up for a new account.
• You deposit a minimum of $100.
• Tipico matches that deposit with $100 in free bet credits.

Not all online sportsbooks are as generous with the match percentages on deposit bonuses. For example, DraftKings Sportsbook offers a 20% deposit match bonus worth up to $1,000. Some online sportsbooks also require higher rollover, which can range from 2x to 25x.

Therefore, the quality of a deposit match bonus can vary greatly from one sportsbook to the next. We encourage you to carefully examine match percentages, rollover, and terms & conditions with deposit bonuses.

Bonus Bets 

A bonus bet obviously sounds similar to a risk-free wager. But this offer differs because it doesn’t require you to lose before kicking in. Instead, a bonus bet will pay winnings minus the stake on a successful wager. Here’s an example:

• You receive a $50 bonus bet from a sports betting site.
• You wager on a team with -125 odds.
• The bet is successful and pays $40 in profit.
• You receive the $40 profit, but not the $50 stake.

Online sportsbooks normally require that you wager a certain amount before receiving bonus bets. They also typically provide this bonus offer in the form of bet credits. Here’s another example:

• Betfred offers a “Bet $50, Get $250” deal.
• You make your first deposit at Betfred.
• Place the $50 qualifying bet.
• Betfred awards you with $250 worth of bonus bet credits.

Just like other deals on this page, a bonus bet requires that you meet terms and conditions. Again, bonus bets only pay winnings and don’t return the initial stake. Other terms may include rollover on winnings, a time frame (e.g., seven days), and minimum odds (e.g., -160).

Other Bonuses At Online Sports Betting Sites

We’ve discussed the best bonuses available at legal online sportsbooks, but these deals are only the tip of the iceberg. You can find plenty of other offers available throughout legal sports betting, including the following sportsbook promos.

Odds Boosts

An online sportsbook may provide odds boosts on certain bets and markets. Boosted odds bonuses typically revolve around a game of the day or specific market. They reduce the bookmaker’s juice (vig) and give you a better chance to win money on one side. But the catch is that wagering limits are lower to counteract the enhanced odds.

Here’s an example on how odds boosts work, with a scenario from NCAA Football:

Initial line

• Texas A&M +6.5 (-110)
• Auburn -6.5 (-110)
• Original juice: 4.76%

Boosted odds line

• Texas A&M +6.5 (+160)
• Auburn -6.5 (-175)
• Updated juice: 2.10%
• Texas A&M is now paying $70 more for a winning bet.

Parlay Insurance

A parlay bet normally requires that you hit all legs to win the wager. With parlay insurance, though, you can hit all legs except for one and still win the bet. Assuming you miss one leg, an online sportsbook will either award the winnings as cash or a free bet.

Referral Bonuses

Some online sports betting sites entice you to refer friends to them through referral bonuses. A referral sportsbook bonus rewards you for each friend sent to the given betting site. For example, you might receive a $100 risk-free bet for sending a buddy who deposits at least $50. These deals are especially common after online sports betting launches, when a sportsbook is trying to gain market share.

Loyalty Program

A loyalty program (a.k.a. VIP program) rewards you for your loyalty and continued betting action. It can offer deposit bonuses, free bets, risk-free bets, cash prizes, and more. These programs can even extend to a sportsbook’s other gambling verticals, such as casino games and poker (when available).

Specific Sport Bonuses

Bookmakers sometimes offer specific sport bonuses to encourage more action in certain markets. For instance, a site might feature a free bet just for NBA games. In this case, you’d get a free wager after placing a qualifying bet on an NBA contest. These offers can cover many markets, including the NFL, MLB, NHL, and college sports betting.

Best Sportsbook Promotions

Every legal online sportsbook operating in the US provides its members with promotions. The most popular promotions are known as sign-up promos, which can provide new members of a betting site with unique offers. These sign-up promos can include first-deposit bonuses, cashback bonuses, and more. This guide will highlight several of the best online sports betting sign up bonus offers available. 

Sports bettors can use these welcome bonuses to wager on a massive variety of sports. Most betting platforms constantly update their offers and some require the use of promo codes to claim. Make sure to refer back to this guide page from Props.com to find current promo codes to be used on the top online sportsbooks around the country. 

The US sports betting industry continues to expand at a rapid pace. Several more states are on the brink of legalizing this form of gambling. It may not be long before nearly every state has a legal online sports wagering industry up and running. Learn about what types of offers the country’s best legal sportsbooks are offering by checking out this entire guide today. 

Top Online Sports Betting Sites & Sportsbook Bonuses

• FanDuel Sportsbook Promo Code
• BetMGM Promo Code
• Caesars Sportsbook Promo Code

FanDuel Sportsbook

FanDuel Sportsbook is another one of the biggest, most popular online sportsbooks in the US. It has been operating in the US since 2018 and is now available to access in 19 states. Both new and existing members here have access to many incredible promotions and one of the biggest selections of sports betting odds offered in 223. 

FanDuel Bonus Offer

FanDuel’s welcome bonus is a generous one, offering new members $300 in bonus bets after placing a first bet of $5 or more. Much like the welcome bonus offered by DraftKings, this bonus is awarded to players no matter the result of the $5 wager. It also comes with very favorable terms and conditions and can be used immediately after placing a first bet. 

About This Offer

This is another type of first bet bonus, in which players are awarded a large amount of bonus funds after placing a first wager. To earn this bonus, new members of FanDuel Sportsbook must make a deposit of at least $10 into their account and place a first wager of $5 or more. This automatically qualifies the player to earn the $200 in bonus funds from FanDuel. 

All bonus bets expire seven days after being issued. These funds do not need to be used in a lump sum and can instead be used to make multiple wagers. Winnings used from bonus bets will be turned into withdrawable cash. All bonus funds themselves cannot be withdrawn, though. 

BetMGM

BetMGM is a sports betting platform operated by MGM Resorts International and Entain. It has grown extremely popular around the country, due partly to its incredibly simplistic, yet modern design. BetMGM provides all of the features one could ask for in an online wagering site, including an excellent live betting platform, solid odds variety, and some of the best sportsbook promos of any platform in 2023.

BetMGM Sportsbook Bonus Offer

BetMGM’s primary welcome bonus is a generous first bet insurance bonus, awarding new players a full refund of up to $1,500 on their first bet if that wager is lost. It’s another first bet insurance offer, giving new members peace of mind knowing they will receive a full refund on their first wager if it is lost. 

About This Offer

BetMGM is known for providing its new and existing members with a great variety of promotions to choose from. Unsurprisingly, this platform’s welcome bonus is its most popular. To earn this bonus, players must wager at least $10 on any betting market. If that wager is lost, BetMGM will provide a full refund of up to $1,500 in the form of bonus bets. 

The bonus bets from BetMGM are awarded in the form of five bonus bets, each equal to 20% of the new player’s first wager. Each of these five bonus bets can only be used once. The funds expire after seven days of being issued. Incredibly, this bonus comes with just a 1x playthrough requirement, meaning players need to wager just 1-times the amount of bonus funds they have received in order to make these funds withdrawable. 

Caesars Sportsbook

Caesars Sportsbook, operated by Caesars Entertainment, has quickly grown into one of the most popular online sportsbooks in the country. Many users of this platform praise its design, particularly when using a mobile device. Caesars Sportsbook also offers one of the best loyalty programs that can offer things like free accommodation at Caesars’ properties and dining credits. 

Caesars Sportsbook Bonus Offer

The welcome bonus being offered at Caesars Sportsbook is another first bet insurance bonus. New members here are eligible to earn a 100% refund on their first wager, if it loses, up to $1,000. The great design of this sportsbook ensures this bonus is always easy to claim. 

About this Offer

This welcome bonus is not unlike some of the others featured in this guide to legal sportsbook promo codes. To earn it, players must create an account with Caesars, make a first deposit of $10 or more, and place a first bet of at least $10. If that bet is lost, Caesars Sportsbook will offer a full refund of up to $1,000. There are no sportsbook bonus codes needed to earn this promo.

Best Fantasy Prop Sites

Online sports betting is still not legal in various states around the country. Fortunately, those located in the states without legal sports betting options still have access to a variety of fantastic, legal wagering options. Most of these are daily fantasy platforms, offering unique prop-style wagering options. 

DFS is legal throughout nearly the entire country. This is considered a game of skill and often requires far more research than standard sports betting. Learn more about some of the very best fantasy prop sites available in the US below. 

• Underdog Fantasy
• PrizePicks – More info coming soon!
• Sleeper Picks – More info coming soon!
• Betr Picks – More info coming soon!
• Vivid Picks – More info coming soon!
• Boom Fantasy
• ParlayPlay

Underdog Fantasy

Underdog Fantasy launched in 2020 and quickly gained a huge user base around the US. It provides a variety of contest types including daily contests, weekly contests, and even season-long contests. That variety in contest lengths is unique in the industry and gives members plenty of options to choose from. 

The tournaments at Underdog Fantasy are also excellent. The Best Ball Mania Tournaments are the most lucrative, offering multi-million dollar cash prizes to the winners. The Best Ball Mania IV Tournament was the biggest held so far and granted a massive $3 million cash prize to the first-place winner. 

Underdog Fantasy’s variety of games is excellent. The Best Ball Contests are season-long DFS contests in which players compete against each other. Battle Royale Contests are extremely popular, as they are held over a single day with entry fees of between $3 and $300. The Pick ‘Em Contests give the feeling of making real prop wagers, requiring members to choose whether athletes will earn above or below a certain number of points in a game. 

Underdog Fantasy Welcome Offer

Underdog Fantasy’s welcome bonus is a 50% first-deposit bonus of up to $1000. It’s a simple, generous bonus allowing new players to instantly boost their bankroll. After signing up, make a deposit and Underdog Fantasy will credit your account with $500 in bonus funds.

About This Offer

The welcome bonus at Underdog Fantasy is a solid one. It allows players to instantly boost the amount of funds in their account. These funds come with just a 1x playthrough requirement, making it easy to turn these bonus funds into withdrawable cash. 

Boom Fantasy

Boom Fantasy is another hugely popular fantasy sports wagering platform that continues to expand around the US. It looks and feels much like a standard sportsbook, with a variety of prop-style wagering options. There are three main contest types available, each of which offers bettors some great opportunities to win big. 

The three contests available are Pick ‘Em Longshots, Pick ‘Em Toss-Ups, and Pick ‘Em Favorites. Within each of these contests, members have two different playing options to choose from. One of those playing options requires players to pick whether certain athletes will perform better or worse than they are projected to. The other, called “Matchup” contests, pit members against each other to create a roster of athletes they believe will perform the best over a particular day. 

The entire design of Boom Fantasy is world-class. It looks and feels extremely modern. A solid customer support system is also set in place to answer questions. Lastly, Boom Fantasy is known for offering some of the best promotions of any DFS platform in the US. 

Boom Fantasy Bonus Offer

The welcome bonus at Boom Fantasy is an insurance bonus, offering a full refund to new members on the first contest they enter of up to $100. New members can enter a contest, and earn a full refund on their entry of up to $100 if they come up short. 

About This Offer

As mentioned, Boom Fantasy has a huge number of contests to choose from. The welcome bonus here allows new players to enter any one of these contests, completely risk-free. The bonus funds can then be used to enter any contests being held through this fantasy sports operator. 

ParlayPlay

ParlayPlay is another DFS platform that looks and feels more like a standard sportsbook than many competitors. This is primarily due to the contest types that are available. Members here are required to make “parlays,” choosing several athletes that they believe will perform the best over a particular day. The more athletes that are chosen, the larger the payouts can be. A look at the payment structure can be seen below. 

• 2 Players: 3X Payout
• 3 Players: 5x Payout
• 4 Players: 10x Payout
• 5 Players: 22x Payout
• 6 Players: 40x Payout
• 7 Players: 75x Payout

Members are able to choose how large they want their parlays to be. Research and analysis on players is the key here. Having a solid understanding of how various athletes will perform can help players make hugely lucrative parlays through this platform. 

ParlayPlay Bonus Offer

The welcome bonus at Parlay Play is a form of first-deposit bonus. Parlay Play will credit new players a 100% deposit match bonus of up to $100. These bonus funds can then be used to enter any of the contests being offered through this platform. 

About This Offer

ParlayPlay’s welcome bonus is fairly standard. It is extremely easy to claim, only requiring bettors to make a first deposit in order to earn bonus funds. The bonus funds earned must be used within 30 days before they expire. These funds also come with a 3x rollover requirement, meaning players need to wager 3-times the amount of money they have earned to make this money withdrawable.

Fliff (Sweepstakes)

Fliff is one of the most unique sports wagering platforms operating in the US right now. This platform acts as a social sportsbook that can be played for free. It acts as a sort of social media platform and online sportsbook in one. It looks and feels much like a standard sports wagering platform, yet is played without using real money. Fliff does, however, hold sweepstakes that offer prizes that can later be converted into cash prizes. It’s a fantastic sportsbook substitute for those located in states without legal sports betting. 

Fliff Bonus Offer

Fliff is a free-to-play online sportsbook with a variety of unique bonuses for new and existing members. The current welcome bonus is a 100% first deposit match bonus that offers up to 600,000 Fliff Coins and $100 in Fliff Cash. It’s a bonus that is extremely easy to claim and the rewards from this bonus can be used in several different ways. 

About This Offer

Fliff’s welcome bonus is essentially a first-deposit bonus. Members who sign up can purchase Fliff Cash and earn a 100% bonus of up to $100 Fliff Cash in return. On top of that, Fliff will match that and award members with up to 600,000 in Fliff Coins to be used for social betting. 

As mentioned, Fliff Cash can be used to enter sweepstakes and can offer bettors real cash prizes. Fliff Coins are used in the platform’s social sportsbook. The bonus funds earned cannot be converted into cash and withdrawn. This is only available to first-time members of Fliff.

Sports Betting Sign-Up Bonuses FAQ

What online betting site has the best sign-up bonus?

Most of the legal sports betting sites in the US provide their members with fantastic sign-up promotions. DraftKings, FanDuel, and BetMGM are just a few of the online sportsbooks that are offering excellent welcome bonuses. 

What sports betting apps give you free money when you sign up?

There are a huge number of legal online sports wagering platforms that offer free money after signing up. That includes legitimate sports wagering platforms such as DraftKings, and daily fantasy sports platforms such as ParlayPlay. Of course, most of these platforms also require players to either make a first deposit or place a first bet in order to earn any bonus funds. 

How do I maximize my sportsbook promos?

Sports betting promos can vary greatly. Generally speaking, players can maximize bonuses by earning the maximum of bonus funds being offered. For example, if an online sportsbook is offering a 100% first deposit bonus of up to $100, players will want to first deposit the full $100 to earn the largest bonus possible. 

Are sports betting promotions worth it?

Generally speaking, yes. Promotions can be an excellent way for members of online sportsbooks to quickly boost the amount of funds that they have to wager with. Some promotions, however, come with high playthrough requirements that can make withdrawing funds a little difficult. Always read the terms and conditions of each bonus you plan to claim.