Best Sportsbook Promos 2023

& Sports Betting Bonus Codes


TheLines is the industry leader in helping you find the best sports betting promos. Our site will direct you to the best sportsbook bonuses available in 2023. You will find the best ways to get started at a variety of sportsbooks like DraftKings, FanDuel, BetMGM, Caesars, and PointsBet.

You will be able to take advantage of all of the betting markets, including point spreads, moneyline odds, totals, and player props. Plus, sportsbooks have odds boosts available for every league, especially in the form of parlays. More on those later.

But the best way to go about wagering on a game or the like, particularly from the jump, is via TheLines’ sports betting promos. We can’t stress it enough. As long as you go about this process correctly, you’ll be able to earn a “freeroll” at the start.

Sportsbook Promo Codes

As previously noted, there are a multitude of legal sportsbooks to receive sports betting bonuses from. We’ll run through each with a thorough explanation of the latest offers.

If you’re interested in betting MLB during the summer months, there are plenty of baseball bonus codes, like FanDuel Sportsbook’s “Dinger Tuesday,” to help you get started.

SportsbookBonus OfferPromo Code
DraftKings SportsbookUp to $1,200Click to claim promo
Caesars SportsbookUp to $1,250 on Caesars + 1000 Tier Credits + 1000 Reward Credits®LEGALFULL
BetMGM SportsbookUp to $1,000 in bonus betsPLAYBONUS
FanDuel SportsbookNo sweat first bet up to $1,000Click to claim promo
BetRivers SportsbookUp to $500PLAYRIV
Bet365 SportsbookBet $1, Get $200 in bonus betsClick to claim promo
Tipico SportsbookGet up to a $250 bonusClick to claim promo
PointsBet Sportsbook5 second chance $50 bet credits up to a total of $250None - Use Links

DraftKings Sportsbook Promo Code

DraftKings promo code is providing one of the best sports betting welcome bonuses around. Not only will you receive an initial $50 bonus bet upon depositing a minimum of $5, but you’ll acquire $150 in bonus bets after wagering at least $5. That adds up to a $200 bonus for just signing up, essentially.

On top of that, DraftKings Sportsbook is offering a 20% deposit bonus — up to $1,000.

This portion of the promotion will be received over time; don’t expect it to show up in your sportsbook account immediately after depositing however much of this amount.

Just like any of the other sportsbooks that are listed, you can use your bonus bets on MLB futures, such as which team will win the World Series this season. If you’re using your cash funds on single-game bets, this strategy tends to be the most lucrative option for bonus bets, as your “bonus stake” won’t be included in your net winnings.

Sign up for DraftKings Sportsbook here.

Caesars Sportsbook Promo Code

Caesars is promoting a $1,250 first bet on Caesars, along with an additional 1,000 tier credits and 1,000 reward credits. The Caesars promo code is “LEGALFULL“. The former refers to your “tier status” at Caesars for that given year, as they reset on January 1. The six different levels are: gold, platinum, diamond, diamond plus, diamond elite, and seven stars. The more tier credits you earn, the more perks you receive, 

Meanwhile, rewards credits are the true rewards that you can redeem for bonus bets, along with hotel rooms, food, and free casino play. Caesars converts every reward credit into one cent.

But the first bet promo is as straightforward as it sounds. You don’t receive any sort of bonus bets just for signing up. However, if your initial bet with Caesars — up to $1,250 — you’ll haul in that amount in the form of bonus bets. Unlike your first wager, the original stake of the bonus bet isn’t applied to your net winnings.

If your first bet wins, no first-bet bonus will be provided.

Sign up for Caesars Sportsbook here.

BetMGM Sportsbook Bonus Code

New players with BetMGM are eligible to receive up to $1,000 in bonus bets. In order to receive this promotion to its fullest extent, use the BetMGM bonus code PLAYBONUS with a deposit of $10 or more.

There’s even $20 in bet credits waiting in your account. Just wager $50 or more with live betting to haul in this bonus. For instance, place an in-play wager with a MLB moneyline bet, and it will count towards this promo.

The site also utilizes an “One Game Parlay” option, allowing bettors to build multi-leg parlays around single games. This tool is located on the main bar for most major sporting events.

Sign up for BetMGM Sportsbook here with the bonus code PLAYBONUS.

FanDuel Sportsbook Promo Code

For a limited time, bet $5 and get $150 in bonus bets at FanDuel Sportsbook. All that’s required is your account registration, making a first-time deposit of at least $5, and betting on any live sport market. You will then reel in $150 in bonus bets within 72 hours of bet placement, but these are usually issued much quicker than that timeframe.

Additionally, the “No-Sweat First Bet” welcome bonus, in which customers receive up to $1,000 in bonus bet if their initial bet falls short, isn’t available during the aforementioned promotion. But the $150 in bonus bets is a fine way to start betting at FanDuel Sportsbook since it’s not requiring much of a deposit.

Sign up for FanDuel Sportsbook here.

BetRivers Sportsbook Promo Code

Just enter our BetRivers sportsbook promo code PLAYRIV during your registration. Once you go through with your initial deposit, you’ll need to enter the BetRivers deposit code SPORTS. This two-step process doesn’t reflect the simplicity to receive this sportsbook’s promo offer.

After correctly following these steps and placing your first bet on BetRivers, you’ll be refunded with a bet credit — up to a maximum of $500 — should the wager lose. 

Let’s say deposit $300 and then place a $300 bet. If the wager doesn’t come to fruition in your favor, your account will be credited within 24 hours. You’ll then have 30 days to use the credit prior to its expiration.

Sign up for BetRivers Sportsbook here.

Bet365 Sportsbook Promo Code

This sportsbook is offered in a limited number of states, re: Colorado, New Jersey, Ohio, and Virginia. If you reside in or are visiting one of those states, you just have to make your first wager for at least $1, and $200 worth of bonus bets will be tacked onto your Bet365 account.

On top of that, you won’t need to enter any sort of bonus code to take advantage of this great offer. Nevertheless, you’re required to deposit at least $10 and bet at least $1 in order to qualify.  The value of these bonus bets isn’t factored into your net winnings, as long as those bets cash in.

Sign up for Bet365 here.

Tipico Sportsbook Promo Code

Tipico is also available in a limited number of states. The book is live in Colorado, New Jersey and Ohio. New users in Colorado and New Jersey can get up to a $100 bonus. In Ohio, new users can get up to a $250 bonus.

All you have to do to take advantage of this great offer from Tipico is click on the link provided below. No promo code required to land the bonus.

Sign up for Tipico here.

PointsBet Sportsbook Promo Code

New PointsBet users will receive $250 upon signing up. Mind you, this offer is split up into five second-chance $50 bet credits. If your first fixed odds wager for a given day loses, you’ll receive a “second-chance” wager in return.

Therefore, customers can receive up to $250 over a five-day span — as long as you wager $250 over five days. If you only place a $10 bet for each of those five days, that adds up to $50 in “second-chance” credits.

Moreover, similar to the previous sportsbooks, the “second-chance” stake won’t be included won’t be included in your net winnings for the subsequent bets that you use them on.

Sign up for PointsBet Sportsbook here.

Best sports betting promos (May 2023)

Here are some of the best betting offers for May 2023. Sportsbooks have a plethora of promos available to bet on with the NBA Playoffs, NHL Playoffs and MLB regular season all in full swing.

DraftKings MLB No Sweat Wednesday: The Major League Baseball season is in high gear during the month of May and DraftKings has awesome MLB offers daily. One example is DK’s No Sweat Wednesday offer. All you have to do is place any MLB bet and you’ll get a bonus bet back if you lose. The max reward is $15.

Caesars odds boosts: Caesars Sportsbook has nightly odds boosts during the NBA Playoffs. One recent example was for Gabe Vincent to score the first bucket in Game 4 and for the Heat to win. This was boosted to +1700.

BetMGM odds boosts: BetMGM has daily parlay specials. One recent example was Ousmane Dembele to score 1+ goals, Barcelona to score the first goal and Barcelona to win by 2+ goals.

BetRivers House Specials: BetRivers features “House Specials” during each night of the Stanley Cup Playoffs. A recent example was for any player to record a hat trick in the Stars vs. Golden Knights game, which was boosted to +550.

How Do Sportsbook Promos & Bonuses Work?

As they’re described above, these promos and bonuses are intended to both attain and retain new and current sportsbook customers. Therefore, they’re designed as perks to keep the bettors interested in a given sportsbook — with legal sports betting markets increasing yearly.

The sign-up bonus is the first course of action. This gives the users an opportunity to utilize the sportsbook with (typically) some sort of bonus bet in hand. On top of that, an established account will likely be eligible for more promotions via the sportsbook’s mobile app.

These tend to vary over the course of the year. For instance, DraftKings is currently providing a “NBA No Sweat SGP (same game parlay),” in which a user is eligible to receive bonus bets if the SGP loses. Terms and conditions apply as well, usually regarding the maximum amount you’re allowed to bet with this promo.

Plus, some sportsbooks (like Caesars) offer monthly (or loyalty) bonus credit if you wager a certain amount in the previous month. Use the customer support option to determine whether this promotion is worthwhile for you at certain sportsbooks.

Overall, signing up with a variety of ‘books within your state allows you to be eligible for an assortment of promos, as well as the ability to shop around for the best single-game odds, futures odds, or the like. Finding the best odds gives you a better chance at a more “valuable” bet. In the end, it all depends on your handicapping strategy.

Types of Sports Betting Promotions

Online sportsbooks offer a variety of promotions for new and existing customers. The names may vary by sportsbook but the promotions generally fall into the following categories.

  • Signup Bonus: A signup bonus is exactly what it sounds like. A sportsbook will give a new customer a bonus just for signing up for a sports betting account and making a deposit.
  • Reload Bonus: Again, this is what it sounds like. Existing customers can earn a bonus when they reload their online sportsbook account. This kind of bonus could keep customers active longer.
  • Referral: Simply send a personal referral code from an online sportsbook to a new customer and receive bonus credit to place a wager after they sign up and make a deposit. The other player will also receive a bonus for signing up.
  • Odds Boost: Online sportsbooks increase the odds for the player on certain wagering options by way of an odds boost. The better the odds for the player, the better the return for a winning wager.
  • Insurance: Sometimes an online sportsbook will offer insurance for a specific wager. The company will give the player a betting credit if the particular wager loses.
  • Contest: Online sportsbooks will sometimes offer contests specifically for existing players. Prizes may be cash, merchandise or betting credits.
  • Bonus Bet: An online sportsbook might offer a bonus bet for a particular event or as a reward for making a certain wager. This is usually a bet credit that must be played before cashing out.
  • Match Bet: This kind of sportsbook bonus is when a player places a wager. The online sportsbook will match the wager up to a listed amount. Sometimes the match is equal but other times may be less.
  • Online Casino Promotion: Online sportsbooks offer this kind of promotion to persuade players to try different online casino games like blackjack and slots.
  • Player Parlay Promotion: An online sportsbook will create special player prop parlay wagers for certain events. This is particularly popular for football games where multiple players must achieve specific goals.
  • Loyalty Bonus: Some online sportsbooks have loyalty clubs where players can earn merchandise, bonus bets, and more based on how much they wager. This kind of bonus gives a player extra loyalty points for certain wagers.

One note about promotional offers from sportsbooks: bonuses, bet credits, and cashback may require a playthrough. This kind of requirement means exactly what it says – the user must bet the “money” or sportsbook bonus through the sportsbook before cashing out those funds.

For example, if a player deposits $100 in an account a sportsbook could match that money. The $100 from the sportsbook must be used at least once before it can be withdrawn.

There is no single industry standard for a playthrough requirement. Some online sportsbooks will require a single playthrough of the funds. Another sportsbook may require 50 playthroughs of the money or credit. Always check the terms and conditions of the promotion before signing up or placing a wager.

How To Use Sports Betting Bonuses, Promos

Generally speaking, the best way to navigate sports betting bonus codes is to use them for futures bets.

That’s because you’re not receiving the “stake” of the bonus bet in your theoretical net profit, which is noted above. For instance, let’s say a sportsbook user receives a $50 bonus credit and decides to use it on a -130 moneyline wager. If the bet wins, this customer would then inherit $38.46 in his or her sportsbook funding. While you can then account for the stake if you rollover those winnings into another bet, you’re technically losing “value” on the bonus bet.

On the flip side, if a bettor places this bonus wager on a +3000 futures bet, the potential net outcome would be $1,500. Of course, a futures bet has a less likely chance of cashing than a single-game bet — solely based on implied probability. But this thought process revolves around using your “real money” for single-game wagers and your bonus funds for mainly futures bets.

For a full breakdown of futures wagers and specific betting markets, click here.

If you’re an ultra casual or conservative sports bettor, this advice may not be applicable to you. Mind you, that’s totally fine. These recommendations allow bettors, who plan on being more active users, to fully earn the most “bang for their buck,” if you will.

More Sports Betting Promos

Occasionally, sportsbooks will offer a prolonged promotion for users — without requiring any sort of action from the customer’s end. For example, from early April through the end of May, PointsBet Sportsbook has been offering bonus credit (up to $20) for select users for “Same Game Parlays.” These bonus bets aren’t eligible to be used for single-game wagers or any other betting markets.

Like any other promotion, terms and conditions apply, and PointsBet is able to remove this promotion at any time. But it certainly provides its customers to win real-money sportsbook cash — without impacting their bankroll.

Bonuses & Promo Reviews (By Sportsbook)

Here’s the most up-to-date listing list of sportsbook reviews, so you can obtain the best bonuses and promotions from the best betting sites.

Bonuses & Promos (By State)

With sports betting legalization constantly on the move across the country, the number of sign-up opportunities continue to climb. That said, some states don’t have as many sportsbook licenses as others. To make things easier for you, we’ve gathered which ‘books are associated with every state with legal sports wagering.

Sportsbook Bonuses FAQ

What is a sportsbook promo?

A promo refers to an incentive that a sportsbook operator provides a prospective customer, aiming to attract the bettor to get started or continue to use it, per the information throughout this post. Assuming these potential users understand all of the requirements to receive these bonuses, then he or she shouldn’t have an issue throughout the process.

What is a sportsbook bonus?

Employing the insight above, a user receives a sportsbook bonus upon signing up with said operator or via the previous promotions listed. With the exception of the initial sign-up offer, bonuses are rarely the same amount each time. For instance, some operators provide a “birthday bonus,” which starts at $5 for BetMGM Sportsbook.

What are sports betting playthrough requirements?

In order to reel in some sportsbook bonuses before fully being able to cash them out, operators will employ a playthrough condition. Let’s say you deposit $150 and receive $150 site credit — prior to any payout winnings. Ahead of receiving that site credit and retaining or withdrawing it at your discretion, a ‘book may enforce a one-time playthrough.

How do I claim a sportsbook welcome bonus?

Most sportsbooks state for new users to fully set up their account, as well as depositing a given amount (if necessary), before the welcome bonus appears in their account funds. Keep in mind, the signup steps typically require a customer to type out personal information, so using a private browser during this process is highly recommended.

Who can claim a sportsbook welcome bonus?

As long as the prospective new customer is both of legal sports wagering age and located in a state with legal sports betting, where these operators are intact, anyone can claim a sportsbook bonus. If those conditions aren’t met, you won’t be able to sign up in the first place.

Do sportsbook bonuses expire?

Most — if not all — of them do, especially in regards to welcome bonuses. They typically expire after 30 days, but the former is often in a 14 day window. If they aren’t used in time, they’ll be removed from your account.

Are sportsbook bonuses worth it?

They certainly are. No matter how often you partake in sports betting, as it’s always important to employ responsible gambling tactics, these sportsbook promos and bonuses give new users the opportunity to explore a given operator or use them to their advantage, i.e. for futures wagers or even correlated parlays from time to time.

Can I use my sportsbook bonus if I’m betting on my mobile device?

Yes. Sportsbooks don’t have requirements on which device is necessary to utilize a bonus — or promo for that matter. Additionally, some operators have created specialized bonuses just for depositing via your mobile phone. A majority of sportsbooks continue to revitalize their mobile platforms, too, making it easier than ever to wager on them.

What betting markets can I use my sportsbook bonus on?

The regulations are typically laid out in fine print, so be sure to check them or chat with customer support if you’re unsure as to whether a given market applies. You won’t be able to use the sportsbook bonus or promo on the operator’s casino or outside of the sportsbook itself. That said, many of the major markets are eligible, such as futures odds or even same game parlays.