Best Sportbook Promotions and Bonuses – September 2023

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Andrew Wilsher, Managing Editor
Fact checked by: Luke Lindholm

With so many sportsbooks currently operating in the sports betting market, it can be hard to know which are the best sportsbook promotions available. At Pickswise, we have made it our goal to rate and review each sportsbook bonus and come up with a list of the top ones available for new users. In this article, we will provide instructions on how to claim the best sportsbook promos from a number of sportsbooks including the top sportsbook apps.

Top 5 Sportsbook Promo Codes for 2023

After conducting an extensive analysis of the finest sportsbook promo code, we have assembled a list of the top five options. Our assessment considered factors such as the attractiveness of the welcome bonuses, the ease of claiming the sportsbook bonuses, and the overall satisfaction of customers while using the sportsbook.

Top 5 Sportsbook Promo CodesSportsbookPromo Promo CodeLink
1FanDuel Sportsbook
Bet $5 and Receive $200 + $100 off NFL Sunday Ticket
No Promo Code requiredClaim Here
2DraftKings SportsbookBet $5, Get $200No Promo Code requiredClaim Here
3Caesars SportsbookBet $50, Get $250PICKSWISEGETClaim Here
4BetMGM Sportsbook$1,500 First Bet InsuranceNo Promo Code requiredClaim Here
5BetRivers$500 2nd Chance BetSPORTSClaim Here

With so many sportsbooks currently operating in the sports betting market, it can be hard to know which are the best sportsbook promotions available. At Pickswise, we have made it our goal to rate and review each sportsbook bonus and come up with a list of the top ones available for new users. In this article, we will provide instructions on how to claim the best sportsbook promos from a number of sportsbooks including the top sportsbook apps.

Top 5 Sportsbook Promo Codes for 2023

After conducting an extensive analysis of the finest sportsbook promo code, we have assembled a list of the top five options. Our assessment considered factors such as the attractiveness of the welcome bonuses, the ease of claiming the sportsbook bonuses, and the overall satisfaction of customers while using the sportsbook.

Top 5 Sportsbook Promo CodesSportsbookPromo Promo CodeLink
1FanDuel Sportsbook
Bet $5 and Receive $200 + $100 off NFL Sunday Ticket
No Promo Code requiredClaim Here
2DraftKings SportsbookBet $5, Get $200No Promo Code requiredClaim Here
3Caesars SportsbookBet $50, Get $250PICKSWISEGETClaim Here
4BetMGM Sportsbook$1,500 First Bet InsuranceNo Promo Code requiredClaim Here
5BetRivers$500 2nd Chance BetSPORTSClaim Here

Total bonuses available:

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FAQs

Are sportsbook promo codes available for new customers only?

The majority of sportsbook promo codes are for new customers only, however, sometimes sportsbooks have offers available for all customers. If you have not yet tried a sportsbook, you are welcome to claim the available new-user promo by clicking one of the links above.

Yes, all of the best sportsbook promo codes have a list of terms and conditions. Carefully review the list of T&Cs before claiming a welcome offer to ensure eligibility.

No, the sportsbook promo codes can be accessed on the sportsbook’s mobile app or via the desktop website. However, the mobile app makes the experience very user-friendly.

It depends. However, sportsbook promo codes are not available forever, so be sure to claim them before it is too late.

Sportsbook Promotions for September 2023

Use any of the links below to claim any of our best sportsbook promotions. You can claim as many of the sportsbook bonuses as you would like, as long as you are a new customer of the respective sportsbook.

Sportsbook Promos – September 2023
FanDuel + Bet $5, Get $200 Terms + Link
DraftKings + Bet $5, Get $200 Terms + Link
Caesars + Bet $50, Get $250 Terms + Link
BetMGM + $1,500 First Bet Offer Terms + Link
BetRivers + $500 Second Chance Bet Terms + Link

Bonuses and Promo By State

Find your states most popular sports betting sites, bonuses and promo codes.

[statePromos]

Best Sportsbook Promos

Within this section, we will get into the specifics of each sportsbook sign-up bonus. We will provide an outline of the welcome packages offered by each sportsbook and provide the reasons that make them compelling options.

FanDuel Promo: Bet $5, Get $200 + $100 off an NFL Sunday Ticket

With FanDuel’s latest sportsbook bonus, new customers will receive $200 in bonus bets guaranteed. Simply make a minimum $10 deposit and place a $5 wager on any sporting event available at FanDuel. Once you make the qualifying bet, you will receive $200 in bonus bets, win or lose. See below for key terms and conditions.
  • New customers only
  • Must be 21+
  • Must be located in AZ, CO, CT, IA, IL, IN, KS, LA (permitted parishes only), MD, MI, NJ, NY, OH, PA, TN, VA, WV, or WY
  • Minimum $10 deposit
  • First cash wager of at least $5
  • Get $200 in Sportsbook Bonus Bets upon bet placement
To sign up with FanDuel right now, click here.

DraftKings Promo: Bet $5, Get $200

By claiming the DraftKings sportsbook new user promo, you will receive $200 in bonus bets instantly when you place a $5 wager. For just a $5 investment, you will get $150 in bonus bets in return. The terms and conditions of the sportsbook promo are below.
  • Sportsbook bonus is for new users only
  • Must be at least 21 years old
  • Must be located in AZ, CO, CT, IA, IL, IN, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WY (18+) or WV
  • Must deposit at least $5
  • Place a wager of $5+ on any market offered by DraftKings
  • Once the bet settles, you will receive $200 in bonus bets, no matter if your bet wins or loses
To sign up with DraftKings right now, click here.

Caesars Promo: Bet $50, Get $250 In Bonus Bets

Next up on our list of best sportsbook promotions is an offer for bonus bets, courtesy of Caesars Sportsbook. With this offer, a first bet of $50 or more on any market available at Caesars will get you $250 in bonus bets, win or lose on your first wager. To ensure eligibility, review the list of key terms and conditions below.
  • New Caesars Sportsbook customers only
  • Available in the following states: AZ, CO, IA, IL, IN, LA, KS, MA, MD MI, NJ, NY, OH, TN, VA, WV or WY
  • 21+
  • Enter promo code PICKSWISEGET when registering
  • Minimum deposit and wager is $50
  • Once the bet settles, you will receive $250 in bonus bets, no matter if your bet wins or losesTo sign up with Caesars right now, click here.

BetMGM Promo: $1,500 First-Bet Offer

BetMGM Sportsbook’s sign-up bonus allows new customers to receive a $1,500 First Bet Insurance. Once you register for BetMGM and make a bet of up to $1,500, you are automatically eligible for the first-bet insurance. If your first bet loses, you will receive bonus bets for the same amount as that first wager. Review the list of terms and conditions below to make sure you are eligible to participate.
  • First-time BetMGM users only
  • Must be at least 21 years of age
  • Must be present in one of these states: AZ, CO, IL, IN, IA, KS, LA, MA, MD, MI, NJ, OH, PA, TN, VA, WV and WY
  • Minimum deposit $10
  • Minimum wager $10
  • If your first bet doesn’t win, you will get equal bonus bets back
To sign up with BetMGM right now, click here.

BetRivers Promo: $500 Second Chance Bet

Last but not least on our list of the best sportsbook promo codes comes from BetRivers. With this promotion, eligible users will receive a Second Chance Bet valued at up to $500. As long as you meet the terms and conditions below, you will receive bonus bets of equal value if your first bet does not win.
  • New users only
  • Must be 21+ and located in IL, IN, IA, MI, MD, PA or VA
  • Deposit $10 or more
  • If your first bet doesn’t win, you will receive bonus bets back in the amount of the losing bet, up to $500
To sign up with BetRivers right now, click here.

How we rank the best sportsbook bonuses

In this section, we will explain the details of our review process. We used several criteria to arrive at our list of best sportsbook promotions, as highlighted below.

Overall Bonus

One of the primary factors during our evaluation is simply the overall size of the sportsbook deposit bonus. For instance, how much value could the promo be worth. As seen above, some of the best sportsbook promo codes provide upwards of $1,000 in potential value.

Available Markets

Another factor we considered is the number of available markets at each of the sportsbooks. All five of our best sportsbook promos can be applied to a huge variety of betting markets. On top of that, almost all of the markets are available to bet on using any bonus bets you may receive as part of the sportsbook new-user promos.

Wagering Requirements

How much you must invest into the sportsbook promotions was also considered during our review. As seen in the section in which we highlighted each promo, the minimum deposit and wager requirements are very small. For some of the promotions, you only need to deposit and bet $5.

Ease of Claiming the Sportsbook Promotions

Valuable promotions are great, but what good are they if they are confusing and/or difficult to sign up for? All of our best sportsbook promo codes are incredibly easy to sign up for. Not only that, but they are also available for a wide variety of customers.

Types of sportsbook promotions

In the table below, we will show you the different types of promotions offered by sportsbooks. The promotions vary, so we will also highlight some pros and cons of each type of offer.
Bonus Pros Cons
Deposit Bonuses – Potential for large rewards- Chance to win your bet and still receive the bonus – Requires you to wager your cash before receiving bonus
First Bet Insurance – If your first bet loses, you will be reimbursed- Great way to try the sportsbook with little risk – If you do win your first bet, there is no added bonus
Loyalty Bonuses – Rewards potentially become more valuable the more you play – Requires significant time using a sportsbook
Friend Referrals – No investment on your part- Builds camaraderie with friends – You must wait for your friend to join, deposit and wager

How to claim your sportsbook promo code

To claim any of our best sportsbook promo codes, follow our step-by-step guide below. Even though each sportsbook may have slight differences in the process, they generally follow the same general steps:
  1. Choose from our list of best sportsbook promos
  2. Review the list of key terms and conditions to ensure you are eligible for the sign-up bonus
  3. Sign up to that sportsbook
  4. Select a market for your first bet
  5. Confirm that you fulfill all the eligibility criteria for the promotion
  6. Once your first bet settles, you will have claimed the applicable reward
As long as you follow these steps, you will be on your way to beginning your sports betting experience.

How to use your sportsbook promo codes

Once you have gone through the steps above, it’s likely you will have some bonus bets available to use for your next bet. To use those, simply follow the steps below.
  1. Select a market for your next bet
  2. Add a selection to your bet slip
  3. Instead of using cash, click on an available bonus bet to populate the stake
  4. Submit the bet
That’s all there is to it! Just be sure to take note of the validity period of the bonus bets, as depending on the sportsbook, bonus bets expire at different points.

Sportsbook offers for existing customers

While our best sportsbook promotions discussed in this article are only available to new customers, there are several other types of promotions available for existing sportsbook customers. We’ve explained a few of them below.

Odds Boosts

Odds boosts are amazing offers that are available to existing sportsbook customers, usually on a daily basis. With odds boosts, you can earn higher payouts from parlays. For example, a parlay may have odds of +500, but with an odds boost, you may receive +650 odds for the same bet.

Rewards at Physical Sportsbooks

Some of the sportsbooks listed among our best sportsbook promotions have brick-and-mortar sportsbooks in addition to offering online sports betting. Existing customers have the ability to earn rewards that could be used for hotel stays at those locations.

Referral Bonuses

Many sportsbooks offer referral bonuses to current customers. If you love betting with a particular sportsbook, tell your friends and family about it. If they sign up and make a deposit, you will typically receive bonus bets and/or casino credits for referring them.