Best Sportsbook Bonuses
Quick Answer
FanDuel's "Get $300 back in Bonus Bets" delivers the best value for most bettors, requiring just a $5 winning wager with no minimum odds to unlock $100 in bonus bets. For larger bankrolls, BetMGM's "$1,500 Second Chance" provides unmatched protection.
Key Highlights:
- Lowest barrier: FanDuel requires only $5 and allows betting on heavy favorites (-10000 odds)
- Highest total value: DraftKings offers $200 in bonus bets for a $5 wager if your first bet wins with -500 odds or higher.
- Best for experienced bettors: BetMGM's $1,500 second chance offer protects large first bets with full bonus bet refund if you lose
- Best ongoing value: Caesars provides up to $250 bonus bet matched win or lose for sustained betting advantage
💡 Last verified: January, 2026. All bonuses subject to terms & conditions. Must be 21+ and in legal betting state.
Compare Top Sportsbook Bonuses
| Sportsbook | Bonus Offer | Total Value | Min Deposit | Action | Terms & Conditions |
|---|---|---|---|---|---|
|
FD
FanDuel ⭐ BEST OVERALL
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Get $300 Back In Bonus Bets Expires in 7 days
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$300 20x return | $5
Lowest
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Claim Bonus |
Quick T&Cs: 21+ (18+ D.C.). Opt in req. First bet must win. $5 deposit req. Bonus bets expire in 7 days. No min odds.
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DK
DraftKings
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Bet $5, Get $200 If first bet wins + 1 Month ESPN Unlimited Min odds: -500
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$200 + ESPN Pass | $5 | Claim Bonus |
Quick T&Cs: 21+. Min $5 deposit. Bet must win at -500+ odds. 12x $25 bonus bets expire in 7 days.
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MGM
BetMGM 💰 HIGHEST VALUE
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Up to $1,500 Back If first bet loses Varies by state
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$1,500 Max refund | $10 | Claim Bonus |
Quick T&Cs: 21+. $10 min deposit. Up to $1,500 back if first bet loses. Bonus bets expire in 7 days. Varies by state.
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CZR
Caesars ⚡ LOWEST ENTRY
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Get 10x Profit Boosts Bet $1, matched win or lose Min odds: -500
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$250 Potential | $1
Best
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Claim Bonus |
Quick T&Cs: 21+. Bet $1, get matched up to $250 bonus bet win or lose. Min odds: -500. Bonus expires in 30 days.
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365
bet365
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Bet $10, Get $365 In Bonus Bets Win or Lose Varies by state
|
$365 Max value | $5 | Claim Bonus |
Quick T&Cs: 21+. Choose: Up to $1,000 Safety Net OR Bet $5, Get $150. Bonus bets expire in 7 days. Varies by state.
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Which Bonus Is Right For You?
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1. What's your typical betting bankroll?
Question 1 of 5
📢 Important: All bonuses subject to terms & conditions. Must be 21+ and physically located in a state where sports betting is legal. Bonus bets cannot be withdrawn and typically expire within 7-14 days. We may earn commission when you sign up through our links at no cost to you. Our rankings reflect our honest analysis and testing.
Types of Sportsbook Bonuses Explained
Sportsbook bonuses are promotional giveaways used to incentivize new and existing bettors. However, betting bonuses can take a number of different forms, which impact everything from eligibility criteria to their bottom-line value. Below, you'll find a breakdown of the most common sportsbook bonus structures and how they work.
Bet and Get Bonuses
This type of bonus rewards you with a fixed sum in bonus bets when you make a qualifying wager. DraftKings welcome offers follow this structure, as you'll have to stake $5 to potentially unlock $200 in bonus bets. FanDuel also allows you to stake $5 to unlock the $100 bonus bets.
In both of these instances, your qualifying bet will have to be settled as a win. The bet365 promo also lets you bet $5 and get $150 in bonus bets.
This type of bonus is easy to understand and offers quick value, while its low barrier to entry is ideal for those of you with small bankrolls.
First Bet Second Chance
First bet second chances offer refunds for your qualifying wager up to a specified value when this is settled as a loss. For example, bet365 is currently running a new customer offer that will refund your first bet up to $1,000 if it loses.
This bonus type is paid out in bonus bets rather than cash, while the amount you receive will be exclusive of your initial stake.
Also known as Second Chance bets, this type of bonus is usually high value and suits bettors with large bankrolls. However, it also aids more effective risk management when placing higher-risk qualifying wagers.
Deposit Match Bonuses
The best sportsbook bonuses regularly comprise deposit matches. This means that a qualifying deposit will be matched by a specific percentage up to a maximum cash value.
Deposit matches are among the most common bonus types worldwide — widely used across US sportsbooks as well as Irish betting sites and other European markets.
Both welcome bonuses and existing player promos can comprise deposit matches. This bonus type will usually come with wagering requirements, while there may also be minimum odds limits in play.
This betting bonus structure is ideal for inexperienced bettors, or those of you who want to build your initial bankroll.
Profit Boosts
Some sportsbook bonuses feature one or more profit boost tokens. Caesars' welcome offer rewards you with 10x Profit Boosts when you place a qualifying bet of $1 or more.
Matched bonus bets can be applied to future wagers and provide value regardless of your initial bet's outcome. They can help you to maximize profits on higher-risk bets at odds of +200 or longer.
Matched bonuses tend to prioritize ongoing and long-term value, as opposed to one-off deposit matches.
Best Sportsbook Bonuses 2026
We're now going to explore the best welcome bonus offers for 2026 in more detail. Here's an overview of the top five and their underlying T&Cs.
FanDuel - The Best Overall Sports Betting Bonus
FanDuel's betting bonus has an incredibly low barrier to entry, with a $5 minimum bet limit and no wagering requirements. There are no minimum odds requirements either, so you can bet at heavily favorable odds to increase your chances of winning.
This is a key consideration, especially as your qualifying wager must be settled as a win to unlock the bonus bets. The 20x return ratio is also one of the highest on the market.
It's also easy to register with FanDuel and claim your bonus. The signup process here is much shorter than rival brands, while the market-leading FanDuel app has the clearest bet slip design around—see our top mobile sportsbook rankings for detailed comparisons.
How to Maximize the FanDuel Bonus?
Target short-price betting favorites with your qualifying wager to maximize your chances of winning. You should also note that you aren't required to use your bonus bets in a single lump sum.
DraftKings - The Best for Maximum Value
DraftKings offers new customers optimal value with a bonus that provides $200 in bonus bets when your $5 qualifying wager wins. This promo also includes a complimentary one-month ESPN Unlimited subscription. However, your qualifying wager must be placed at odds of -500 or greater.
The DraftKings app is also highly rated and one of the best for in-play NFL and NBA live betting, with granular live markets and micro wagering opportunities.
How to Maximize the DraftKings Bonus?
When opting in to receive $200 in bonus bets, your qualifying wager must be placed at minimum odds of -500. This prevents you from backing heavy favorites and requires more analytical selections.
BetMGM - The Best for Casual Bettors
Take advantage of this First Bet Offer from BetMGM! Use our exclusive BetMGM bonus code to sign up, make a deposit, and place your first wager on any game using your First Bet Offer token. If that bet with the token applied loses, you'll get your original stake paid back in Bonus Bets, up to $1,500! Get in the game today with BetMGM.
BetMGM's current welcome offer comprises $1500 in bonus bets when you deposit and wager $10 as a new customer. Once again, however, your qualifying wager must be settled as a win to be eligible, while the minimum deposit limit is higher than you'll find at FanDuel and DraftKings.
Your qualifying wager must be made within seven days of registering, while subsequent bonus bets will remain valid on your account for the same period. Your bonus bets will also be paid out in three $50 credits.
This offer has a simple structure that will appeal to casual bettors, while the $10 barrier to entry is competitive. At BetMGM, you can unlock a huge range of domestic and international betting markets too, including more than 75 prop lines per NFL game.
How to Maximize the BetMGM Bonus?
Your qualifying wager at BetMGM can be placed at standard odds. This unlocks prices as short as -10,000, so you can back heavy betting favorites to boost your chances of winning and claiming the bonus bets. You can also use your three bonus bets to target high and low-risk markets, as you look to strike the ideal balance between risk and reward.
Caesars - The Best for Ongoing Matched Bonus
Caesars is running one of the most unique sportsbook bonuses in the US. This unlocks up to $250 bonus bet matched to your first wager, regardless of whether it wins or loses.
The minimum qualifying bet here is just $1, while you can wager on any market priced -500 or longer. The $250 bonus bet will remain active on your account for 30 days too, so you'll have longer in which to deploy them.
How to Maximize the Caesars Bonus?
To get the most of this bonus, you have to bet with more money in your account. That way, you might be lucky enough to earn up to $250 bonus bet when you meet the terms and conditions of the bonus. It's also important you remember that the minimum odds for this bonus is -500.
bet365 - The Best for Flexibility
As with BetMGM, there are two welcome offers available at bet365. The first enables you to bet $10 and unlock $365 in bonus bets once your qualifying bets settle. This introduces a minimum odds requirement of -500, which will eliminate most outrights, spreads, and totals lines.
The second new customer offer comprises a first bet second chance up to $1,000. If your qualifying wager of $10 or more is settled as a loss, Bet365 will refund this amount up to $1,000. This sportsbook bonus is ideal for high-rollers, especially as there are no minimum odds or wagering requirements attached.
These bonuses offer significant flexibility and respective value to both casual bettors and high rollers. The first bet second chance promo also opens up a huge selection of markets, enabling you to capitalize on bet365's in-depth coverage of international sports like soccer. It's worth noting that bet365 is also a popular choice among Canadian betting sites, where similar promotions are available.
How to Maximize the Bet365 Bonus?
If you're a high roller, you can maximize value by opting into the first bet second chance bonus with a large qualifying wager. If you're a casual player with a smaller bankroll, however, it's better to claim the $150 in bonus bets. Remember that both bonuses are free from wagering requirements, so you can select one based solely on your risk-profile.
Which Sportsbook Bonus Is Right for You?
Our analysis of the best sportsbook bonuses can be used to help inform your own selection. However, you'll also have to analyse the available promotions, before picking the one that best suits your betting strategy, preferred markets and appetite for risk. Here's our recommendations for specific types of bettor:
For Beginners with Small Bankrolls ($5-$50)
We'd recommend FanDuel, DraftKings or Caesars
In this case, you'll want to prioritize bonuses with low minimum deposit and bet limits. Both FanDuel and DraftKings run promos that enable you to deposit and bet just $5, for example, while the ability to wager at any standard odds means you can pick almost guaranteed winners. You can also unlock up to $250 matched bonus bet with a nominal $1 bet at Caesars, regardless of how your qualifying wager is settled.
Strategy Tip
With the relevant FanDuel and DraftKings bonuses, be sure to pick significant betting favorites that carry high implied probability values. You can easily calculate implied probability here at TopEndSports. The qualifying wager is less important at Caesars due to the settlement rules, but targeting markets at around +200 can unlock optimal value here.
For Long-Term Bettors
We'd recommend Caesars
We'd recommend the current Caesars welcome bonus if you're searching for long-term value. After all, this promo provides a matched bonus bet up to $250 that you can use win or lose. This provides flexibility for ongoing betting opportunities.
Strategy Tip
When using your matched bonus bet, target markets with favorable odds to maximize returns. Consider both short-term wins and long-term betting opportunities.
For Experienced Bettors (with $500+)
We'd recommend the bet365 $1,000 First Deposit Second Chance bonus
If you're a seasoned bettor or high-roller, we'd recommend bet365's first bet second chance offer up to $1,000. This will refund relatively large qualifying bets, with parlays, SGPs and SGP+ wagers all eligible to unlock the promo. This will help to either maximize your potential winnings or realize the full value of your qualifying bet.
Strategy Tip
In addition to targeting parlays and SGPs with your qualifying wager, remember that your bonus bet credits can be used to fund more than one wager. So, you can bet on outcomes with variable levels of risk and reward, including spreads and totals at around -110.
For Bonus Hunters
We'd recommend opting into multiple bonuses
The bonus hunters among you should target multiple signup offers in your state. You can distribute your real money bankroll to cover numerous deposits and qualifying bets, in order to maximize value and access a broader range of rewards. Starting with FanDuel is recommended, as this unlocks both quick registration and few barriers to bonus entry.
Strategy Tip
In addition to FanDuel, target alternative bonuses with low minimum deposit limits (Draftkings) or qualifying bet requirements (Caesars). Just remember that you can't double-dip the same book when claiming welcome bonuses, which are always limited to one account per person.
Reading the Fine Print: Bonus Terms Explained
All of the sign-up bonus offers listed in this guide feature their own unique terms and conditions. However, you'll find a number of common T&Cs that are applied to most welcome bonuses, including wagering or rollover requirements and expiration dates. Below, you'll find a summary of these terms.
Wagering or Rollover Requirements
Rollover requirements outline how much you'll need to bet a particular bonus before you withdraw any winnings. They're commonly expressed as a multiplier of the total bonus value, with a 1x rollover on a $150 bonus offer creating a bet total of $150.
Usually, rollover requirements will have to be fulfilled in a specific timeframe too.
These terms reveal a bonus's affordability in relation to your real money bankroll. So, if you fail to understand them, you may either end up forfeiting the bonus or wagering outside of your means.
Expiration Dates
Once bonus bets or credits have been added to your account, they'll usually be valid for seven days. However, expiration timeframes can range between seven and 30 days overall, while the matched bonus bet at Caesars is valid for 30 days.
If you fail to use any free bets or credits within the stated timeframe, they'll be removed from your account. So, it's crucial that you make a note of this and plan your bets in advance, as this will help you to maximize value.
Minimum Odds Requirements
A bonus's minimum odds requirements dictate the shortest possible price at which you can bet. They're most commonly applied to qualifying wagers, but they can also impact bonus bets.
In order to unlock the $150 in bonus bets at bet365, for example, you'll have to bet $5 or more at minimum odds of -500. This automatically restricts the range of markets that you can target, although these odds carry an impressive implied probability value of 83.3%.
It's also interesting to note that many of our best sports betting bonuses don't feature minimum odds requirements. This includes FanDuel's current welcome offer, which allows you to bet on almost guaranteed outcomes and maximize your chances of claiming the bonus.
Bonus Bets vs Cash
As we've touched on, bonus payouts can take numerous forms. These include bonus bets and matched bonus bets. Cash bonuses are rarer, as they typically carry a higher financial value.
In the case of bonus bets, however, your qualifying stake is not returned. So, if your qualifying bet of $100 at odds of +100 wins, you'll receive $100 in profit rather than $200 in total.
One Per Household Rule
Sportsbook bonuses are restricted to one per person or household (depending on how the T&Cs are worded). This means that you cannot create multiple accounts with a single sportsbook in order to access more than one bonus.
However, you can target welcome bonuses and existing player promos at different sportsbooks. This is a lawful strategy that doesn't break any US sportsbook T&Cs.
Strategies to Get the Most from Sportsbook Bonuses
If you're new to sports betting, you may also be unsure of how to leverage sportsbook bonuses effectively. So, we've prepared some strategies to help you get started.
Strategy #1 - Bet Heavy Favorites
As we've touched on, some of the current sportsbook bonus offers allow you to bet on heavy favorites. Take the current FanDuel welcome offer, which requires your qualifying bet to win and has no minimum odds requirements. So, you can target markets with odds of -1,000 and shorter to maximize your chances of winning.
Any market priced at -1,000 or shorter unlocks an implied probability of 90.9% or better. You can calculate implied probability using our dedicated tool at TopEnd Sports, as you search for the best value qualifying bets.
If you bet $5 at these odds and win, you'll bank just $0.50. However, this will trigger FanDuel's welcome offer and deliver $100 in bonus bets.
Strategy #2 - Target + Odds With First Bet Second Chance
Conversely, some sportsbook bonus offers work better when you target + odds with the qualifying wager. If you opt in to receive bet365's $1,000 first bet second chance offer, for example, wagering at lengthy odds will provide value however the qualifying bet is settled.
For example, let's say that you pick the Green Bay Packers to win Super Bowl LX in 2026. You can currently back Green Bay at +750, so the maximum wager of $1,000 will deliver a profit of $7,500 if it wins. If this bet is settled as a loss, you'll receive $1,000 in bonus bets.
This means that you'll at least recoup your initial stake in the form of bonus bets. This strategy works particularly well for those of you with larger bankrolls and a willingness to stake sizable unit bets.
Strategy #3 - Matched Bet Strategy
With Caesars' matched bonus bet offer, you can employ a strategic approach regardless of outcome. Since you receive a bonus bet equal to your wager amount (up to $250) whether you win or lose, you can target valuable markets with confidence.
This means you can focus purely on finding the best odds and value bets without worrying about the outcome affecting your bonus eligibility.
Strategy #4 - Bonus Hunting Legally
Sportsbook T&Cs can vary from one brand to another, but you are entitled to open accounts with multiple sites simultaneously. This allows you to strategically target multiple welcome offers, with more than $2,000 in bonuses available across our recommended betting sites.
We'd recommend that you stagger signups to help manage your bankroll. You can also time your deposits based on the precise welcome offer and how you intend to use the bonus bets. You should start with FanDuel, which requires just a $5 deposit and minimum bet and has the fewest barriers to entry.
Just remember to enter and track all bonuses in a spreadsheet. This way, you can gauge the profitability of your bonus bets and calculate your overall ROI.
In Conclusion
The current FanDuel welcome offer is our pick as the best sportsbook bonus in the US. However, each of the bonuses listed in this guide offers value. Both BetMGM and bet365 offer a choice of welcome bonuses, for example, whereas Caesars' matched bonus bet provides great flexibility.
Just remember to compare each available sportsbook and their bonuses individually before opting in. Pay particular attention to the terms and conditions, including the wagering requirements, timeframe for fulfillment, and bonus bet expiry dates. Remember that the availability of sportsbooks varies from one state to another too.
Disciplined and proper bankroll management is also key when claiming sportsbook bonuses. This ensures that you only ever wager an amount you can afford to lose within a specific period of time. If you do begin to bet outside your means or compulsively, call the National Problem Gambling Helpline on 1-800-522-4700.
So, are you ready to claim your sportsbook bonus? Pick one of our recommended offers above and click the link to sign up!
Frequently Asked Questions
References
- FanDuel Sportsbook. "Welcome Bonus Terms and Conditions."
- BetMGM. "First Bet Offer Terms."
- DraftKings Inc. "DraftKings Sportsbook Promotional Terms."
- Caesars Entertainment. "Caesars Sportsbook Welcome Offer."
- bet365 Group Ltd. "bet365 Sportsbook Bonus Terms."
- American Gaming Association. "State of the States: The AGA Survey of the Commercial Casino Industry."
- National Council on Problem Gambling. "Resources for Responsible Gambling."
Note: Bonus offers are subject to change without notice.
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