Values, Terms and Commitment: Weighing Up the Best US Online Sportsbook Bonuses Values, Terms and Commitment: Weighing Up the Best US Online Sportsbook Bonuses

The explosion in the US sports betting industry has given birth to more than a dozen big online sports betting apps across the country, all vying for customers. They all want to make a name for themselves and stand out in the sea of other options.

This often means lucrative welcome bonuses for bettors who know how best to take advantage. But working out what’s best can be tricky.

In this article, we are going to look at the biggest value bonuses among US sports betting operators.

But before we move on to the list, it is important to know that the value of the bonus is not necessarily just the total amount of money you can get: The terms and conditions underline other important criteria. This is why it is important to know everything about the bonus before you opt-in: you can easily miss out on the complete value of a certain promo.

We have investigated the best US online sportsbook bonuses, taking into account every important aspect worth considering to give an adequate grade to each.

Below the article, you will find the tables (with detailed explanations) of the best US sportsbooks for welcome bonuses listed by three important categories. But for those who want the TL;DR, our picks are:

Read More: Are Sportsbook Bonuses Worth It? Pros & Cons of Bonus Offers

Highest Value Bonuses

Rank Sportsbook Bonus
1 BetMGM First Bet Offer up to $1000
2 DraftKings 20% Deposit Bonus up to $1000
3 BetRivers 2nd Chance Bet up to $500
4 FanDuel 10x Your First Bet — Bet $20 Get $200

The maximum amount of bonus money can be found at BetMGM Sportsbook, whose bonus comes in the shape of insurance for your first wager after you create your BetMGM account. This kind of welcome offer is very common among sports betting operators in the United States.

You basically get to place your first bet with the sportsbook without the risk of losing. If it lets you lose, BetMGM will refund your stake in the shape of a bonus bet, up to $1000. This means that you can place a $1000 wager (or any lower bet) on any market/event at the BetMGM sportsbook. In case of a loss, you will get a second chance through the bonus funds you will receive from the sportsbook.

For more details, check out our BetMGM Sportsbook review.

betmgm sports us
Last verified: February 2024
Special Signup Offer
Bet $5, Get $150 in Bonus Bets!*
  • Enjoy live streaming of popular events
  • Great mobile betting experience
  • Variety of betting markets on offer

*Except NY & NV. Bonus Bets Expire in 7 Days. One New Customer Offer Only. Additional terms apply.

Please play responsibly. If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER.

DraftKings Sportsbook offers a dual welcome package consisting of a “Bet $5 — Get $150” promo and will match 20% of your first deposit, up to $1000. The first thing you’ll notice with this bonus is the percentage.

Casino aficionados are used to have 100% first deposit bonuses. Things are somewhat different with sportsbooks as you will rarely run into a 100% (or even 50%) bonus up to such a big amount like this one.

Nevertheless, this is still a very attractive offer for high-rollers who generally place big wagers on sports. In this case, a $5000 deposit would net you the max $1000 bonus.

Third on our list is BetRivers Sportsbook. Using the “second chance” structure, It offers a similar bonus to BetMGM, the only difference being the maximum amount. With BetRivers, you will receive a refund of up to $500 if your first wager loses.

Finally, we have the FanDuel offer where you can get 10x your deposit in bonus bet. The catch is that the offer is capped at $200, which makes it less attractive than those described above (at least in terms of the full potential and the maximum bonus money you can receive).

Best Terms & Conditions

Rank Sportsbook Bonus
1 FanDuel Get the Bonus Regardless of the Outcome of the First Bet & Do not Have to Use it in One Lump
2 BetRivers Bonus Bet is Valid for 30 Days
3 BetMGM Bonus Bet is Valid for 7 Days
4 DraftKings Wager $25 to Release $1 Bonus

Terms and conditions can be considered equally important parameters as the maximum bonus amount. In reality, you can get zero use of a $1000 bonus if you need to clear it through surreal wagering requirements, while the terms and conditions can be much more player-friendly for bonuses of lower value.

The FanDuel Sportbook welcome bonus was listed as only fourth in terms of the maximum value, but it tops the table for best terms and conditions. What we particularly like about its “Bet $20 — Get $200” offer is the fact that you will receive the bonus funds regardless of the outcome of your first bet (unlike the popular second chance bonuses).

We also like the flexibility of the bonus. You do not have to use it at once like most others. Instead, you have a bonus account (on top of your main account) that tracks your usage of bonus funds. You can bet $5 of your bonus money on Monday, $10 on Tuesday, again $5 on Wednesday, etc.

Sign up for FanDuel and take advantage of the bonus with the best T&Cs around.

fanduel sports us
Last verified: February 2024
Special Signup Offer
Bet $5 & get $200 in Bonus Bets!
  • Quality mobile app
  • Variety of betting markets
  • Same game parlays
Claim Signup Offer

Please play responsibly. If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER.

BetRivers’ and BetMGM’s welcome packages are essentially very similar, apart from small technical differences. While BetMGM Sportsbook has a more generous second chance offer capped at $1000, BetRivers gives players more time to use it, lasting 30 days compared to BetMGM’s 7 days.

DraftKings have harsh wagering requirements for its 20% match up to $1000 first deposit bonus. To release $1 of bonus money, you need to bet $25 on any DFS/Sportsbook/Casino market. If you go through the sportsbook, the odds for your pick need to be -300 or longer, and you have 90 days to release as many bonus funds as you can.

So, to get the max advantage of the bonus, you should deposit $5000 (to receive a $1000 bonus) and then wager $25,000 within 90 days.

Bonuses With the Lowest Commitment

Rank Sportsbook Bonus
1 DraftKings Bet $5 — Get $150
2 FanDuel Bet $20 — Get $200

Lastly, everyone likes attractive bonuses without having to risk too much of their money. Nowadays, finding no-deposit bonuses for sports betting in the United States is very difficult. Nevertheless, two US industry giants have come up with exciting welcome packages perfectly suited for those who are new to sports betting.

If you want a decent starting bankroll while investing a minimum amount of money, DraftKings and FanDuel are your best choices.

Those who register a new account with DraftKings, deposit, and wager $5 will immediately receive $150 in bonus cash. The bonus comes as six separate free bets worth $25 each. This means that you essentially have six shots of landing either a parlay or a single/double with a stake of $25.

draftkings ny
Last verified: February 2024
Special Signup Offer
$200 in Bonus Bets
  • Place a $5 bet & get $200 in bonus bets
  • Great mobile betting apps
  • Fast and hassle-free withdrawals
Please play responsibly. If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER.

Any potential winnings are all yours to keep with no strings attached. It is, however, important to know that you need to use the bonus funds within seven days from the moment they’ve been issued to your account.

Although you need to deposit and bet a higher amount ($20) than at DraftKings, the welcome offer at FanDuel is more than enticing, giving you $200 to play with.

You will receive the bonus money within 72 hours from the settlement of your qualifying bet. The money does not come in as a free bet. Instead, you will have a bonus account and can use it any way you’d like regarding your bet sizes.