Best Sportsbook Promos & Bonuses in August 2024

August 2024 is packed with terrific sportsbook bonuses you can take advantage of to check out new online sportsbooks. Utilizing bonus funds is a great way to boost your wagers since you might get additional bonus bets or get refunded if you lose.

In July, the bet365 bonus code offer launched in Pennsylvania. The European platform has launched in several states in the past year, and adding the Keystone State to their state list makes perfect sense.

FanDuel Sportsbook has changed their bonus back, offering new users $150 in bonus bets after they make an initial $5 deposit and place a successful $5 wager on any sports betting market. This offer is a great way to get started with FanDuel’s user-friendly platform.

DraftKings has also improved their bonus offer for the Summer; new customers can now claim $150 in bonus bets if your qualifying wager is $5. This means you can get bonus bet credits even with small bets!

These offers are just the tip of the iceberg. With so many exciting promotions available, it’s the perfect time to dive into sports betting and take advantage of these fantastic bonuses.

Claim the top betting bonuses from BonusFinder US!

Widely Available Sports Betting Promos in the U.S.

Sportsbook bonuses serve a purpose beyond luring new customers; they are a key part of enhancing the sports betting experience. These offers can significantly increase your bankroll when you’re starting out or make you consider trying out a new online sportsbook.

Whether you’re looking for a welcome bonus to kickstart your betting journey or ongoing promotions to keep things interesting, we’ve got you covered. BonusFinder US lists only legal sports betting bonus offers so you can always bet safely on regulated sites.

Below we discuss bonuses and online sportsbooks which are available in several states where online sports betting is legal. Each of these online sports betting sites offers unique promotions that cater to different types of sports bettors.

FanDuel

FanDuel Sportsbook is rolling out the red carpet for new users with its welcome bonus. By making an initial $10 deposit and placing a successful $5 wager on any sports betting market, you can receive $150 in bonus bets.

Note that you must win your bet to get the credits; losing wagers don’t get anything which is a little sad. No promo code is required for this bonus offer.

Once your qualifying wager is settled as a win, you’ll see the bonus funds in your sportsbook account within 72 hours. FanDuel Sportsbook bonus is perfect for those looking to get a significant boost from their first bet without much hassle.

Caesars

Caesars Sportsbook is offering a top-tier promotion for new users. Their first-bet insurance provides up to $1,000 as a bonus bet if your initial wager loses; if the wager wins, you just get those winnings.

To take advantage of this offer, use the Caesars Sportsbook promo code FINDER1000 during the registration process.

You must place your first wager within 30 days of opening your account, and it must return $0 for you to get the credit. You then have 14 days to bet the credit on something on Caesars or the credit is removed from your account.

DraftKings

DraftKings Sportsbook offers a great sportsbook bonus for sports bettors in numerous states. You get $150 in bonus bets right after placing your first bet worth $5 or more, no matter whether it wins or loses.

The bonus bets expire in 7 days and are all equal in size. You can spend them on nearly anything on DraftKings Sportsbook; the DraftKings Sportsbook bonus is available in all states where they operate.

BetMGM

BetMGM Sportsbook offers one of the most generous sportsbook promos with its first bet insurance. New users can receive up to $1,500 in bonus bets if their initial wager loses when using the BetMGM Sportsbook promo code BONUSMGM.

This promotion requires a minimum deposit of $10 to qualify. If your losing bet is $50 or more, you get five equal bonus bets; if it’s less than $50, you get one bonus bet.

Fanatics

Fanatics Sportsbook promo code is not required to cash in the welcome bonus. To claim it, just opt in when asked to and bet at least $5 to get a matching bonus bet. If you wager every day for 10 days, you get bonus bets worth up to $100 for each bet.

In addition to getting bonus bets each day, you can choose how much you want to use per bonus bet. For example, you can choose to split your $100 bonus bet into two $50 bets, or five $20, or basically any way you want. The minimum bet is just $0.10!

bet365

bet365 is slowly but surely expanding throughout the United States and provides two sportsbook bonuses you can choose from except in PA. The one we advertise lets you bet up to $1,000 and get your funds back in bonus bets if you lose. The PA sportsbook promos don’t include this offer.

The other welcome bonus is Bet $5, Get $150 in bonus bets, which has become quite a common sportsbook bonus. No matter which offer you choose, there is plenty to like about bet365 Sportsbook!

BetRivers

BetRivers flies under the radar even though their online sportsbooks have been live for years. However, their sportsbook bonus is quite good even though it’s a bit on the smaller side.

Depending on your state, BetRivers Sportsbook promo code SPORTS awards you a 2nd chance bet worth either $250 or $500. If your first bet wins, you don’t get the bonus money but if it loses, you get one bonus bet worth your initial bet.

Other Sportsbooks

In addition to the national brands, there are plenty of smaller sportsbooks that are available in only one or handful of states. They have bonuses for new customers too, but might lack promotions and markets the sites above offer.

• Action 247
• Bally Bet
• Betfred Sports
• BetJACK Sportsbook
• Betly Sportsbook
• Betr Sportsbook
• Betsafe Sportsbook
• Crab Sports
• DRF Sportsbook
• ESPN Bet
• Golden Nugget Sportsbook
• Hard Rock Bet Sportsbook
• Tipico Sportsbook

How to Claim Sportsbook Promos

The process of claiming sportsbook promos is very easy, but it’s important to follow the steps correctly to ensure you receive the bonus. If you’re a new user, there are a few things you need to know in order to have a great sports betting experience.

Start by reviewing the list of sports betting promos and choose the right offer for you. Once you’ve made your choice, click on the provided link. You can always come back to sign up on more online sportsbooks!

1. Register for an Account

To claim sportsbook bonuses, you first have to register for an account. This process involves completing an online registration form with personal details such as your full name, address, and email. You also have to provide the last four digits of your Social Security Number for verification purposes.

After entering your personal details, set up your login information, including a username and password. You’ll also need to agree to the terms and conditions before completing the registration process. Some online sportsbooks may require you to verify your identity by uploading a government-issued photo ID.

2. Make a Deposit

Once your account details have been set up, the next step is to make a deposit. Users can deposit funds using various payment methods such as credit/debit cards, e-wallets, or bank transfers. Choose your preferred payment method and make an initial deposit during the registration process.

Before creating an online sportsbook account, consider the available deposit and withdrawal methods to ensure you choose the most convenient option for you. This will help you avoid any potential issues when funding your sportsbook account.

You can see which payment methods each of our recommended online sports betting sites have available from the list above. Betting sites that accept debit cards are the most common.

3. Use Sportsbook Promo Codes

Many online sportsbooks require you to use sportsbook promo codes to indicate you want to get the offer. You can find all current sportsbook promo codes in your state from BonusFinder US.

Enter the promo code exactly as provided during the registration process to unlock the bonus. Failing to enter the bonus code correctly or within the specified timeframe might result in losing the bonus.

Common Types of Sportsbook Promotions Explained

Sportsbook bonuses aim to sustain bettors’ engagement and enthusiasm about wagering online. Beyond the initial sign-up bonus offers, sports betting sites provide various ongoing promotions that can enhance your experience and provide additional value.

By taking advantage of these sports betting promotions, you can potentially increase your winnings. Below we walk you through the best sports betting promos you can get on online sportsbooks.

2nd Chance Bets

“Second chance” or “first bet on us” bonuses are quite straightforward and most online sportsbooks have offered one of these to new customers. The names might vary depending on the site, but the idea of the welcome bonus is the same.

After you sign up, you place your first bet from your sports betting bankroll. If your bet settles as a loss, meaning you didn’t win anything, you get comped in site credit. This usually means bonus bet credits you can use on anything on the online sports betting site.

If your bet is graded a win, you don’t get this bonus which is the main downside to these offers compared to the others on our list. Still, a sports betting promo like this is worth claiming if you want to sign up on several betting sites or if you want to middle.

The wagering requirement on 2nd chance sign up bonus offers is often just 1x, meaning you wager your credits and can claim the winnings from them; the stake itself goes back to the sportsbook. If you lose, you don’t get anything back.

Bet & Get

Bet & Get offers are some of the best sportsbook promotions available just because the minimum deposit and bet are often quite low. For example, both FanDuel Sportsbook and DraftKings often require just a $5 initial wager. However, the minimum deposit required might be bigger than the minimum bet.

In some cases, you must win your first bet to get the bonus credits although it’s more common just to have the wager settle. Once you’ve either placed the bet or it has settled, you get the credits posted on your account.

Most of the online betting sites offering these bonuses require you to wager the credits just once before you can withdraw the winnings. Again, you don’t get the stake back from the bonus wagers as it goes back to the online sportsbook.

Deposit Match Bonuses

A deposit match bonus provides an effective way to amplify your starting bankroll. These promotions involve the online sportsbook matching your deposit amount up to a specified limit. For example, a 100% match up to $500 means if you deposit $500, you get an additional $500 in bonus credits.

When claiming this sports betting promo, it’s crucial to note the required initial deposit and wagering requirements. If you don’t deposit enough, you don’t get the bonus money. And unlike the first two bonuses discussed, deposit bonuses often have 5x or higher playthrough requirements.

If you don’t complete the wagering requirement in the allotted time, the remaining bonus funds will be withdrawn from your account. This means you could lose out on significant sums if you’ve made some excellent bets. Therefore, reading the T&Cs of bonuses is very important.

Referral Bonuses

Moving on the ongoing promos you can find on the best sports betting websites. A referral bonus is a great way to boost your bankroll as you get a bonus bets promotion if your friend signs up using your referral code.

One thing to note about referral bonus offers: often your friend doesn’t get the actual sign up bonus if they sign up through your link, as the referral offer also includes something for your friend if they complete certain actions on the site.

Reload Bonuses

Reload bonuses aim to encourage routine deposits by matching a percentage of your deposit with bonus funds. These bonuses are typically available on a weekly or monthly basis; you can see the current offer from the sportsbook’s website.

For example, sportsbooks may offer a 50% reload bonus up to $100 on deposits made during the weekend. A reload bonus works just like a welcome bonus; you get the funds to your account if you’ve completed the required steps (like deposited the minimum amount required).

Timing your deposits to coincide with these reload bonuses can really increase your payroll with very little effort. Since you can only get one sign up bonus per sportsbook, utilizing these bonuses is worthwhile for active bettors.

Odds Boosts

Odds boosts are another common promotion. These increase the odds on specific bets, offering higher potential payouts. Sportsbooks like Caesars and BetMGM often feature daily odds boosts on a number of games and bet types. Taking advantage of these boosted odds markets can significantly improve your chances of profiting if your bets win.

Profit boosts are quite similar, but instead of boosting the odds, they increase the payout of a bet. The outcome is the same though, you win more money than you would without the boosts.

Parlay boosts and cash outs are other popular promotions. Parlay boosts increase the payout for a successful multi-leg parlay bet, while cash out offers allow bettors to recoup a percentage of their stake if the bet is tanking. These promotions add an extra layer of excitement and security to your betting experience.

Parlay Insurance

For bettors fond of multi-leg parlays, getting insurance on these bets is terrific. This promotion refunds (most of) your stake if one leg of your parlay bet loses. Typically, parlay insurance covers bets with a minimum number of legs, such as four or more.

The refund is often given as a bonus bet rather than cash, but it still provides a valuable safety net. This promotion can make betting on parlays less risky and more enjoyable, knowing that a single misstep won’t ruin your entire wager.

Loyalty Programs

Finally, many gambling brands have their own loyalty and rewards programs. You’ve probably heard of Caesars Rewards, right?

These programs award you with points when you use the platform actively; for example, Fanatics awards FanCash for every wager you make on the sportsbook and you can use it to buy merchandise or bet on sports.

On other sportsbooks, you can use your points to get discounts and free stays at retail properties. You can find specific details of the loyalty programs from the sportsbooks’ websites.

On many sites, you are automatically included in the program and don’t have to sign up separately. If you don’t want to take advantage of the loyalty rewards, you can opt out or ignore them.

Terms & Conditions

Before you can benefit from the bonuses described above, you need to accept the terms and conditions. They detail things like the time period the bonus is valid for, what types of bets or sports you can bet on with it, and the wagering requirements.

Responsible gambling laws require operators to post these, so they should be easy to find. Below we detail some of the things you should be aware of; you can find more information from our sports betting guide.

Wagering/Playthrough Requirements

The wagering requirements are crucial to check for every bonus. If the wagering requirement for a bonus is 10x, you need to wager the money 10 times before you can withdraw any winnings. Keep in mind that they can apply to your initial deposit as well.

If you don’t complete the wagering in the allotted time frame, you will lose the bonus money and any winnings associated with it (but you get to keep the money from your initial deposit that’s left). That’s why it’s important to make sure you get a bonus that suits your style of betting; if you only bet once a month $10 or $20 but have deposited $100, you’ll waste most of the bonus money.

Limitations

Some welcome offers have limits for what you can bet on and how. For example, some offers might only apply to certain sports or on certain bets like straight bets. These will always be listed on the terms and conditions so you don’t accidentally make a wager that doesn’t qualify for the bonus. Below are some other limitations operators often set for their bonuses.

• Maximum Bonus: The max usually ranges from $150 to $1,000 but is always clearly stated for each bonus. If you deposit or wager more than the maximum amount, the funds over the limit don’t count towards the bonus money.
• Minimum Deposit: Common minimums are $5 or $10 but sometimes you don’t need to wager all the money you deposit to get the bonus. If you deposit less than the minimum, you won’t get the bonus.
• Qualifying Bet: A common is example is that you need to bet $5 or $10 to get the bet credits from the sportsbook. If an initial wager is required, you have to follow the instructions exactly to get the bonus.
• Minimum & Maximum Odds: Multiple sportsbooks have minimum odds restrictions for your bonus bet or qualifying wager, such as -200. This means you have to place a bet where the odds are -200 or higher, like +320. The same goes for maximum odds, although these are not common.
• Expiration: Often you need to deposit and place your first wager within a week/month of signing up to qualify for the bonus offer (depending on the type of bonus, of course). If you don’t engage with the site, the bonus might be withdrawn or the bets you make after the time limit won’t yield you any bonus funds.
• Cash Out: Finally, you can’t cash out any qualifying bets or wagers made with bet credits. Cashing out means withdrawing a wager before it’s settled. If you do, you won’t be compensated in any manner.

How to Get the Most Out of Your Welcome Bonus

Now that you’ve got the welcome bonus, what should you do with it? You should always bet for fun; very few people have the time or money to bet for a living. If you want to keep it simple, just bet on the team you love and root for their success.

However, you can try to ensure some winnings if you want to spend a bit more time on betting. Remember that betting should be fun and once the fun stops, you should stop too.

1. Betting on the underdogs might give you better value if they do win; in addition, the minimum odds restrictions prevent you from betting on the massive favorites anyway. Keep in mind that the underdogs are less likely to win so this might not be a sustainable strategy if they keep losing. If you want to see how much you stand to win, you can use our odds calculator.
2. Hedging means betting both sides. Do this at two different sportsbooks utilizing the bonuses, or your own money, to make sure you win. Don’t bet both sides on the same sportsbook since it can get you banned from that site. Another form of this is arbitrage, meaning you bet on opposing wagers with the same odds; you still make some money or at least break even if you’ve placed the bets correctly. This requires some research and is therefore not a suitable strategy for everyone.
3. Instead of trying to hit a huge parlay, seek a single bet with similar odds. Parlays are tricky, especially with sports like hockey and baseball, so it might not be the best option for your welcome bonus. If you do wish to place a parlay, you can use our parlay calculator to see how much you stand to win.
4. Time your first deposit and wager around promotional periods, such as major sports events, to claim more lucrative bonus opportunities. It also makes sense to sign up on sportsbooks when the sports you want to bet on are in-season; if you only place futures, you’ll be waiting for your bonus bets for a long time.
5. Make sure you know which markets are ineligible for the sportsbook bonus. If you bet on a sport or choose a bet type that isn’t included in the promo, you won’t get the credits later on. You can always find the excluded bets from the T&Cs so make sure to actually read them! In addition, make sure you follow the time limits set in the T&Cs since you might lose out on the bonus bets if they expire.

Last updated: 07/31/2024