Offers Bet - TOP Sports Betting Bonuses and Promo Codes 2023

The best way to get started at any online sportsbook in the US is with a welcome bonus. These promotions come in many forms and offer excellent value as you place bets on your favorite sports.

“Welcome to our curated overview of the best sportsbook promotions and bonuses for new customers in the USA for 2023, tested and reviewed by our team of experts at Offers.Bet. We’ve dedicated our expertise to selecting the top new player offers available this year, ensuring you get the most out of your betting experience.

From BetMGM’s impressive offer of up to $1,500 in bonus bets to Caesars Sports App’s enticing $1,000 second chance bet, we’ve evaluated each promotion for its value and appeal. Discover unique bonuses like FanDuel’s NBA League Pass bonus and DraftKings’ free NFL parlays, along with state-specific offers from Unibet and more. With our expert guidance, find the perfect bonus tailored to your betting preferences!

Sports Betting Welcome Offers for New Players in 2023

Let’s take a closer look at the best bonus bet offers and promotions. Use our codes to claim your welcome offer when depositing and opening an account. Play responsibly.

BetMGM – Excellent promotions & loyalty rewards

New US customers at BetMGM can access a range of ongoing promotions in the states where the site is licensed. The key welcome offer is free bets worth up to $1,500 if your first bet is a loser. The amount you receive matches the size of your losing bet.

BetMGM also has an outstanding rewards program alongside a refer-a-friend program that earns you $100 in site credits every time you make a referral.

Bet365 – $5 for $150 or $1,000 First Bet Safety Net

The beauty of the Bet365 welcome bonus is that you can choose from two offers. The first lets you bet just $5 on any sport in return for $150 in bonus bets. The second offer is a safety net bet. You can bet up to $1,000, and if you lose, the wager will be returned to you in the form of site credits to give you a second chance.

New customer promo: Bet $1, get $1000 in bonus bets
States: CO, IA, KY, NJ, OH, and VA

Bet365

bet365 Bonus – $1000 Safety Net Bet OR Bet $5 Get $150

Get Bonus

The promo is for new customers only. You must be 21 or over to set up a bet365 sportsbook account. 

Bet365 legal states: CO, IA, NJ, KY, OH, VA

BetRivers – $500 second chance bet

New sports bettors at BetRivers will get a welcome bonus that offers a second chance bet up to $500. The bonus is equal to losses from your first real money bet at the sportsbook, and you need to enter the promo code SPORTS to access the promotion.

The funds will be returned as site credits that must be used within thirty days. Note that only $100 is offered to NY customers.

BetRivers

BetRivers Bonus Code USBTRV for Free Bets

USBTRV

Copy

Get Bonus

The bonus deal is for new customers only. You must be 21 or over to set up a BetRivers sportsbook account and claim a welcome offer, including free bets. 

BetRivers legal states: AZ, CO; MI, WV, NJ, OH, PA, CT, IA, NY, VA, IL, IN, LA

Borgata – $100 in free bets with a $20 wager

Borgata’s sportsbook welcome bonus offers $100 in free bets when you deposit and wager $20 on any sport. The offer is specific to NJ, but the bonus funds can be used on any sport the platform offers.

You can bet via the Borgata app on iOS or Android, making it the perfect option for anyone keen on mobile sports betting.

Borgata

Borgata Sportsbook Bonus: up to $100

Get Bonus

The promotion is for new Borgata sportsbook customers in NJ and PA only. You must be 21 or over to claim your welcome offer. 

Borgata legal states: NJ, PA

FanDuel – Bet $5 for $150 in free bets + NBA League Pass

As a new customer at FanDuel, you can access $150 in free bets when you place an initial sports wager of just $5. The bonus funds can fund any sports bet made at FanDuel. Currently, FanDuel is also offering an NBA League Pass, valid for three months, to all customers who sign up and make a qualifying deposit.

Sportsbook Bonus: Up to $150 refund on the first bet if it loses
States: AZ, CT, CO, IA, IL, IN, KS, LA, MI, MD, NJ, NY, OH, PA, TN, VA, WV, WY. MA from 2023.

DraftKings – Bet $5 for $200 + Free Same-Game NFL Parlays

You can get started at DraftKings with a $5 bet to receive $200 in bonus bets. You can also receive three “No Sweat” same-game parlay tokens for NFL bets. You can obtain one token in each of the first three weeks that you’re a customer at DraftKings.

Best DraftKings Sportsbook Bonus: $200 bonus
States: OH, AZ, NJ, NY, CO, IN, PA, IL, IA, TN, MI, MD, VA, WV, WY, LA. Prelaunch free bet for DraftKings betting app players in MA (2023).

ESPN – $200 in bonus bets and a $1K deposit match offer

ESPN Bet new player promotion is a tempting offer for US sports bettors, especially for those new to the platform. When you sign up with the promo code, you become eligible for their “Bet Anything, Get $250 in Bonus Bets” deal. This offer is specifically tailored for new users who are 21 years or older and physically located in one of the many states where ESPN Bet operates, including AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, MI, NJ, OH, PA, TN, VA, or WV.

The process to claim this bonus is straightforward: sign up using the specified promo code, and then place an eligible wager on any game that qualifies under the promotion. Once you make your first bet, ESPN Bet credits $200 in four $50 increments. This immediate boost to your betting funds is a great way to explore the wide range of betting options available on the platform. Remember, as with all betting platforms, it’s important to understand the terms and conditions, and to gamble responsibly.

New customer betting offer: ESPN Bet credits $200
States: AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, MI, NJ, OH, PA, TN, VA, or WV

Betway – $250 bonus bet

Betway presents an appealing bonus offer for new sports bettors in several U.S. states. For those in Arizona, Colorado, Indiana, Iowa, New Jersey, Pennsylvania, and Virginia, Betway offers a sign-up promotion of up to a $250 bonus bet. Meanwhile, Ohio residents can enjoy a different deal: bet $20 and receive a $40 bonus bet. This variety in offers shows Betway’s commitment to catering to the diverse needs of bettors across different regions.

Claiming the Betway promo is simple; there’s no need to enter a specific code. Instead, you can click through the designated link to activate the offer. The type of bonus provided is ‘First Bet Insurance’, which adds a layer of security to your initial wager. A minimum deposit of just $10 is required to be eligible for the promotion, making it accessible to a wide range of bettors. You only need to bet once at minimum odds of -300 or longer. This straightforward requirement makes it easier to utilize the bonus without getting entangled in complex betting conditions.

PointsBet

PointsBet doesn’t have a specific welcome bonus. However, you can access a range of ongoing promotions when you create an account, including NFL specials, loyalty rewards, and the Power Hour promotion that doubles the value of any rewards points earned. You can also refer a friend for a $100 bonus.

New customer promo: Bets up to $100
States: NJ, IN, IA, KS, MI, PA, CO, WV, VA, NY, LA

Caesars Sportsbook – $1,000 second chance bet

At Caesars Sportsbook, you can receive up to $1,000 in bonus bets if your first bet loses. You need to enter the promo code CZR1000 and be physically located in one of the states where Caesars operates. The bonus bet must be used within 14 days of being added to your account.

Sportsbook Bonus Codes 2023

In some cases, customers registering with a new sportsbook will be required to enter a valid promo/bonus/offers/sign-up code to activate welcome deals and betting vouchers. Use BetRivers code USBTRV to claim your online betting offer for new customers today – get top deal in free bet. Check out our list of the current offer codes to use.

How to activate betting promo codes?

To activate new customer offers you need to insert valid offer codes during sportsbook account registration. The bonus deal might be in the form of a first deposit match, where the sports books and betting apps will match your first deposit up to a certain amount: for example, Bet365 will match you up to 100 if you deposit min 10 when you first open your account, to give you extra money to bet with.

Where to insert a promo code? In most cases the code to be inserted when you sign up for a sports betting account. 

What Are Promo Codes? A betting promo code is a word, number, or combination of both that is supplied to bettors by an online sportsbook to enable them to access special promotional offers from the site. 

How are Sportsbook Bonus Codes Used? A player looking to access a promotional offer from a betting site often must insert a promo code in order to activate the offer. The betting site will supply the promo code well in advance and prompt the customer when it’s time to be inserted.

How to claim your sportsbook bonus

Claiming your sports betting offer and bonus bet couldn’t be easier. Here are the steps you need to take to get started at one of the leading betting sites in the United States:

1. Create an account. The first step is to visit the homepage of your chosen sportsbook. Select “sign up” and enter your personal details to create an account.
2. Verify your identity. Most betting sites ask you to verify your identity before processing any withdrawals. It makes sense to do this as early as possible to avoid payout delays.
3. Read the terms and conditions of the offer. You must now read the offer’s terms and conditions and carry out any actions. You might need to opt in or enter a promo code at this stage.
4. Make a deposit. Check how much you need to deposit to activate the promotion. This could be $10 or a similar amount. You can deposit via any of the supported banking methods to activate the offer.
5. Place your bets. You must then place a bet to trigger the bonus at most sportsbooks. The bonus funds will then show in your account.
6. Use the bonus. Be mindful of the timeframe attached to the promotion and use the bonus funds within the stipulated period to avoid missing out.

Sportsbook bonus types explained

Online sportsbook sites in the USA offer a variety of bonuses to attract and retain customers. Below is a list of the types of bonuses commonly provided, along with an example for each type:

Welcome Bonus / Sign-Up Bonus

Example: BetMGM offers a welcome offer with free bets worth up to $1,500 if your first bet is a loser.

Free Bets & First Bet Match or Risk-Free Bet

Examples: Borgata gives new users $100 in free bets when they deposit and wager $20. BetRivers presents a second chance bet up to $500, matching losses from your first bet.

Deposit Bonus

Example: Caesars sportsbook provides new players a second chance offer bet up to $1,000 as a bonus if your first bet loses. Betway requires a minimum deposit of $10 to access the $250 bonus bet promotion.

Refer a friend

Offered by BetMGM and PointsBet, among others, this is a simple enough promo to understand. When you refer a friend with a specific code, as soon as they create an account and deposit, you will receive a specific amount in bonus bets to use. If you are in NY you can get 50 in bonus credits for referring a friend to betMGM (that is the only bonus they offer for New York). Otherwise, BetRivers, Tipico and bet365 – they all have referral incentives.

Bet X receive Y

As with the Bet365 and Borgata promotions, you can bet a specific amount to receive a set amount in bonus funds. These types of promos are popular with sportsbooks and are widely available. Note that the bonus funds are usually issued as site credits, meaning you can’t simply cash out the promotion without placing a bet.

Second chance bet

Also popular with US online betting websites is the second chance bet promotion. These bonus offers invite you to place an initial bet, and if it loses, you will be refunded up to a specific amount. These offers only kick in if your initial wager loses, but they’re a good option if you plan a big initial bet at one of the above sportsbooks, as they offer a safety net. BetMGM currently offers a second-chance bet worth up to $1,500. Another example: FanDuel offers $150 in free bets for a $5 initial sports wager.

Other specials

Sportsbooks sometimes add specials to their welcome bonuses to crank things up a notch. For instance, DraftKings includes same-game parlay bet tokens for NFL matches, while FanDuel offers new users a 3-month NBA league pass. FanDuel’s NBA League Pass promotion for qualifying deposits.

• Insurance Bets example: Betway’s $250 bonus bet acts as insurance, refunding your stake if your first wager loses.
• Parlay bet bonuses are designed to encourage bettors to try their luck with parlay wagers. A parlay bet combines multiple individual wagers into a single bet, with the condition that all outcomes must win for the bet to be successful. Some sportsbooks offer bonus percentages for each wager added to a parlay ticket. For instance, a bookmaker may add a 4% bonus to the potential winnings of a three-team parlay. This bonus boosts the potential payout if all three teams win.
• Proposition bets, or prop bets, are wagers on specific outcomes within a game or event. Many American sportsbooks offer a wide range of prop bets alongside traditional betting options like money lines, spreads, and totals. Prop bets can provide exciting opportunities for bettors to wager on specific scenarios and potentially earn higher payouts. The number of prop bets available can vary significantly from game to game, and some events may have hundreds of additional offerings beyond the standard betting options.
• Daily odds boost promotions aim to attract bettors by offering enhanced odds on specific games or prop bets for a limited time. Sportsbooks may advertise these promotions as “daily boosts,” “bet boosts,”

Early Cash Out Bets

Many online sportsbooks have now started to offer cash-out options after you place your wager. Maybe someone was injured in practice that week, or the weather will be poor. If that is the case, you may want to cancel your bet and get the cashback into your account. Also, if a team is winning, or you have three legs of a four-leg parlay that you have already won, you can cash out to protect your winnings up to that point. The book will offer you a percentage of the final total to take your money before the outcome is determined. It can be a win-win for both parties: you get the money without the added risk, while the book potentially saves some money.

Each of these bonuses is designed to suit different types of bettors, from those making their first wager to regular punters looking for added value or a safety net for their bets. It’s essential to read the terms and conditions attached to these offers, as they often include wagering requirements, time limitations, and other stipulations that need to be met to fully benefit from the bonuses.

Sportsbook promos terms and conditions

It’s so important to read the terms and conditions attached to a promotion before creating a sportsbook account, and you should be aware of the following:

Minimum deposit / minimum bet

To access most sportsbook promotions, you must make a minimum deposit and then a minimum bet. Make sure you check what this minimum is to avoid missing out when you create an account. A minimum odds requirement is a common condition for a free bonus. It is impossible to simply place your bonus bet on some overwhelming favorites at odds of 10000 and expect it to satisfy your rollover requirements. You’ll generally need to wager your bonus at least -200 odds, -150 odds on +100, and -200 odds on -1. Another important thing to remember when considering how appealing these risk-free and free bet promotions are. While some players would rather avoid risk-free bets or free bets, they can prove very profitable if done correctly.

Restricted markets 

Some sportsbook offers are only available for specific sports or markets, such as the NBA or NFL. You should check if your preferred sport is available as part of the promotion before signing up.

Actions (opt-in, promo code, etc.)

You might be asked to carry out a specific action when you create an account. Typically, you might be asked to opt in for an offer or enter a promo code as soon as you create an account.

Legal states

You should always check the states in which the sportsbook is legal and whether the offer is available in your state. Some sportsbook offers are only available in certain states, which is made clear in the terms and conditions.

States with legal online casino gambling: New Jersey, Pennsylvania, Delaware, Michigan, West Virginia and Nevada (limited to poker). View the list of the best casino sites here.

Sports betting has gained widespread acceptance in the United States, and numerous states have embraced its legalization. Some of the states where online sports betting is legal include Nevada, New Jersey, Pennsylvania, Delaware, West Virginia, Mississippi, Rhode Island, New Mexico (limited to tribal casinos), Arkansas, New York, Iowa, Oregon (limited to sports betting lottery), Indiana, Maine, New Hampshire, Illinois, Michigan, Montana, Colorado, Tennessee, Virginia, North Carolina, Washington (limited to tribal casinos), Washington, D.C., Wyoming, South Dakota, Arizona, Connecticut, and Louisiana. These states provide residents and visitors with a legal and regulated environment to engage in sports betting activities, contributing to the growth and popularity of this form of gambling across the nation. Explore the best legal sportsbooks here.

Wagering Terms

A Wagering Requirement is a requirement that must be completed before bonus payments may be converted to actual money. To fulfill the criteria for this, all you have to do is play with the bonus. Let’s assume you get a $100 bonus with an x2 wagering requirement. Increase the bonus amount by the multiplier, which is $200 in this instance. This is the amount you must bet with your bonus in order for it to be converted to real money. It may seem a lot at first, but remember that with wagering, you will have both winning and losing rounds, and each stake will count toward the total. So, manage your risk properly with consistent bet amounts.

Sportsbook Promotions FAQs

What’s the best sportsbook promotion?

There are lots of excellent sportsbook promotions available online, including bet x get y offers and second chance bets, which are both popular with sports fans.

Do you need to create an account to access sportsbook bonuses?

Yes – to access the available promotions at most sportsbooks in the US, you need to create an account and make a real money deposit.

Can you cash out sportsbook bonuses?

You can cash out winnings obtained from sportsbook bonuses, but most bonus bets are issued as site credits, which cannot be withdrawn.

The Best Sportsbook Bonuses for USA

Best 5 Sportsbooks in the USA That Offer Best Sign up Offers:

1. DraftKings Sportsbook: DraftKings is a market leader in the US sports betting scene. It offers a wide range of sports markets, competitive odds, and innovative features like live betting and daily fantasy sports integration.
2. BetMGM Sportsbook: With a strong presence in both online casinos and sports betting, BetMGM offers a comprehensive sportsbook experience. It provides a wide range of sports markets, live streaming, and attractive promotions.
3. FanDuel Sportsbook: FanDuel is another popular sportsbook known for its user-friendly interface, extensive betting options, and competitive odds. It provides a seamless and enjoyable sports betting experience.
4. The Borgata Sportsbook app offers a comprehensive and user-friendly platform for sports betting enthusiasts. With a sleek and intuitive design, users can navigate through a wide selection of sports markets and betting options. The app provides competitive odds and real-time updates, allowing users to stay informed and make informed betting decisions. Additionally, the Borgata Sportsbook app offers exciting promotions and bonuses, providing users with added value and incentives to enhance their betting experience.
5. Caesars Sportsbook: Caesars is a popular online sports betting platform that offers a seamless and user-friendly experience for bettors. The site and app provide a wide range of sports markets, including major leagues such as NFL, NBA, MLB, and more. With competitive odds and a variety of betting options, users can easily place their wagers on their favorite teams and events. Additionally, Caesars Sportsbook offers attractive promotions and bonuses, enhancing the overall betting experience for its users.

View the bet365 bonus code details.

TOP Sports Betting Welcome Offers for New Customers

You can start at the best online sportsbooks in the US with some excellent promotions and bonuses. Just make sure you read the terms and conditions attached to the promotion so you know what to expect and to avoid missing out.

March 17 – March 31, 2024

March Madness 2024 Top Betting Bonuses and Promotions

Betting Provider:

BetMGM