Updated May 2026

Best Sportsbook Bonuses 2026

All top sportsbook welcome offers ranked by total value, ease of claiming, and wagering requirements. 21+ only. Must be in a legal state.

Gambling problem? Call 1-800-522-4700 · Offers subject to change · Always verify current terms with the sportsbook

#1 BetMGM BIGGEST OFFER
Up to $1,500 First Bet Insurance

If your first bet loses, BetMGM refunds the full stake (up to $1,500) as bonus bets. Use code SBRMGM. Valid in 25+ states.

Bonus bet x1 playthrough 7-day expiry 25+ states
Claim $1,500 →
#2 FanDuel GUARANTEED VALUE
Bet $5, Get $200 in Bonus Bets

No promo code needed. Bet $5 on any game and get $200 in bonus bets instantly — win or lose. Plus a 3-month NBA League Pass. Available in 30+ states.

No code required Win or lose 30+ states
Claim $200 →
#3 DraftKings NO CODE NEEDED
Bet $5, Get $300 in Bonus Bets

Place a $5 bet and receive $300 in bonus bets regardless of outcome. One of the easiest bonuses to trigger. Available in 25+ states.

No code required $5 min deposit 25+ states
Claim $300 →
#4 Caesars Sportsbook
10x Your First Bet — Code ROTODYW

Place a $1 bet and get $10 in bonus bets. If you win your first bet, you get a 10x profit boost added. Available in 20+ states. Use code ROTODYW.

Claim Offer →
#5 ESPN Bet
Second Chance Bet up to $1,000 — Code ESPN1000

If your first bet loses, get up to $1,000 back in bonus bets. Use code ESPN1000. Backed by ESPN and Penn Entertainment.

Claim Offer →
#6 BetRivers
2nd Chance Bet up to $500

If first bet loses, BetRivers credits up to $500 as bonus bets. Excellent for states where FanDuel/DraftKings aren't available. Code SPORTS.

Claim Offer →
#7 Fanatics Sportsbook
Get up to $1,000 in Bonus Bets over 10 Days

Deposit and get up to $100/day in bonus bets for 10 days — that's up to $1,000 total. Great long-term offer for high-volume bettors.

Claim Offer →
#8 Hard Rock Bet
$100 No-Sweat Bet — No Code Required

Hard Rock Bet gives new users a $100 no-sweat first bet. If it loses, get $100 back in bonus bets. Best in FL, NJ, and TN.

Claim Offer →

Bonus Comparison Table

Sportsbook Offer Max Value Code States
BetMGM First Bet Insurance $1,500 SBRMGM 25+
FanDuel Bet $5, Get $200 $200 No Code 30+
DraftKings Bet $5, Get $300 $300 No Code 25+
Caesars 10x Profit Boost Varies ROTODYW 20+
ESPN Bet 2nd Chance Bet $1,000 ESPN1000 15+
BetRivers 2nd Chance Bet $500 SPORTS 16+
Fanatics 10-Day Bonus $1,000 No Code 20+

Sportsbook Bonus FAQ

BetMGM offers the largest potential value at up to $1,500 in first bet insurance. FanDuel gives $200 guaranteed on a $5 bet — best for low-risk value. DraftKings offers $300 with no promo code needed.
Most bonuses are "bonus bets" (credits to bet with, not cash) or "first bet insurance" (stake refunded as bonus bets if your first bet loses). Read the terms — bonus bets don't pay out the stake, only winnings.
Yes. Welcome bonuses can only be claimed once per sportsbook, but you can have accounts at multiple books. Most serious bettors claim 3-5 welcome offers to maximize value.
Yes. Most bonus bets expire within 7 days of being credited. First-bet insurance credits also typically expire in 7 days. Always check the specific terms before claiming.
A no-sweat bet refunds your stake as bonus bets if your first wager loses. FanDuel, Caesars, and BetMGM commonly offer this promotion. It's one of the most popular welcome bonus types.