The best sportsbook welcome bonuses available right now. Updated monthly with the latest promo codes and offers.
The DraftKings new user promo is currently the highest-value offer in the market: bet just $5 on any game and instantly receive $200 in bonus bets regardless of outcome. No minimum odds, no strings. Use code PICKWISE for the best available offer.
FanDuel's offer is better for larger first bets: if your first bet loses, you get up to $1,000 back in bonus bets. This is the best offer for someone planning to start with a bigger deposit. Terms: bonus bets expire in 7 days.
BetMGM's first bet offer goes up to $1,500 — the highest ceiling of any major sportsbook. If your first bet loses, you receive a bonus bet equal to your stake. Best for: high rollers, bettors who want maximum protection on their first wager.
There's nothing stopping you from signing up at multiple sportsbooks and claiming all the bonuses. In fact, this is exactly what sharp bettors do. Sign up at DraftKings first (easiest bonus to clear), then FanDuel, then BetMGM. That's potentially $2,700+ in free bets from three sign-ups.
Bonus bets typically can't be cashed out directly — you need to wager them first. The optimal strategy: use bonus bets on small underdogs (+200 or higher). If you win a $200 bonus bet at +200, you get $400 in real cash. This converts the bonus to real money at maximum efficiency.
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