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Best sportsbook promos: August 2026 sports betting bonuses and promo codes
The best sportsbook promos and bonus codes available on August 5, from top operators like BetMGM, FanDuel, DraftKings, and more.
ByJimmieKaylor·Published: Aug 05, 2026 2:37PM UTC·22 min read
Sportsbook promos can provide new bettors with potentially thousands in bonus bets. The offers aim to provide extra value as bettors explore the top sportsbooks in the industry, so you can decide how to approach betting on today's sports schedule, highlighted by a number of MLB and WNBA games.
In this article, we will compare the different welcome offers of the best sports betting apps in the U.S. We will also explain how to redeem them and determine which bonus codes might best fit your style of play.
Sportsbook promos comparison table
Sportsbook
Welcome bonus
Promo Code
DraftKings
Spend $5+, get $150 in bonus bets
No code required
BetMGM
Up to $1,500 in bonus bets back if your first bet loses
SPORTSLINE
FanDuel
Bet $5, Get up to $1,000 in Bet Reset Tokens
No code required
Fanatics
10x$100 Bet Match in FanCash
SPORTSLINEFAN26
bet365
Bet $10, get $150 in bonus bets, win or lose
SPORTSLINE
Caesars
Bet $1, double your winnings on your next 10 wagers
SPORTSLINEDYW
Below, you can take a deeper look at how each of the above promos works and the terms and conditions attached to them.
Three best sportsbook promos today for all users
DraftKings Tennis Boost: Get a 30% profit boost to use on any tennis bet on Wednesday.
FanDuel WNBA SGP Boost: Users receive a 25% profit boost to use on a WNBA same game parlay.
bet365 Golf SGP Boost: Grab a 30% profit boost for use on a same game parlay on the Wyndham Championship.
DraftKings Sportsbook promo code: Spend $5+, get $150 in bonus bets
To enjoy the DraftKings promo code, new users can deposit a minimum of $5 and then spend $5 or more. Afterwards, $150 in bonus bets will be deposited into the user's account within 14 days. Just click the CLAIM BONUS button to lock in the offer. No promo code is required.
Bonuses cannot be cashed out and must be wagered within seven days, or they will be voided. The bonus bets will come in increments of $25, meaning you can use them all in one bet or up to six different wagers.
Who is this promo for?
This is a strong offer for players newer to sports betting who are looking to bet in smaller amounts and sample out the sports betting menu.
How the DraftKings promo code works
New DraftKings users in AR, AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MO, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY, and WV.
Bonus bets are awarded whether your first bet wins or loses.
$150 in bonus bets is issued as six bonus bet tokens of $25 each.
Bonus bets expire seven days after they are issued.
Bonus bets are awarded within 14 days of your bet settling. Two bonus bet tokens will be made available every seven days.
Bonus bets can only be used once and are non-withdrawable.
$5 minimum deposit.
Any sports bet is eligible for this offer.
Bonus bets cannot be combined, used with odds boosts or profit boosts, or settled using the cash-out feature. Additionally, the bonus bet amount is not included in any returns or winnings and cannot be redeemed for cash.
DraftKings Sportsbook operational states
Arkansas, Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Missouri, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Vermont, Virginia, Washington, DC, West Virginia, Wyoming
DraftKings Sportsbook banking options
Debit card, online banking, PayPal, Venmo, Apple Pay, Wire Transfer, gift card, prepaid card, Cash at Counter, e-check
FanDuel Sportsbook promo code: Bet $5, Get up to $1,000 in Bet Reset Tokens
Unlike other operators, FanDuel Sportsbook offers an elongated deal. Users can bet $5 per day for five days, receiving a bet reset token every time they do. When a wager with a bet reset token applied to it loses, the user returns the value of the bet in bonus bets with a limit of $200. No FanDuel promo code is required at signup. Just click the CLAIM BONUS button on this page.
FanDuel offers new customers the ability to deposit a minimum of $5 at signup and then make a first wager of at least $5. The bet reset tokens expire in 24 hours after receipt, and the bonus bets expire within seven days after they are given to the customer.
Who is this promo for?
This offer is tailored to smaller, introductory bettors looking to test the waters in sports betting without having to deposit and wager a large amount of money.
How the FanDuel Sportsbook promo code works
New FanDuel users only
No promo code required
Minimum deposit and bet of $5
All sports and markets are eligible for this offer
Must be 21 or older and physically present in one of the states in which FanDuel legally operates.
No minimum odds requirement
Place a bet of $5 or more and receive a bet reset token.
Apply the token to a wager of your choice.
FanDuel Sportsbook operational states
Arkansas, Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, Washington, Washington DC, West Virginia, Wyoming
FanDuel Sportsbook banking options
Debit card, online banking, PayPal, Venmo, Apple Pay, Wire Transfer, gift card, prepaid card, Cash at Counter, PayNearMe, Play+
Fanatics Sportsbook promo code: SPORTSLINEFAN26 for 10x$100 Bet Match in FanCash
The Fanatics Sportsbook promo code gives users the opportunity to get up to $1,000 in FanCash via Bet Matches over 10 days when getting started.
If you see the 10 x $100 Bet Match offer in the app, then entering the promo code is not necessary to claim.
Just click CLAIM BONUS and use promo code SPORTSLINEFAN26 during registration to get started.
Who is this promo for?
The Bet Match offer should appeal to the moderate-sized bettor who is willing to bet more, with the worst-case scenario being that they receive FanCash if their wagers lose each day.
How the Fanatics Sportsbook promo code works
Minimum deposit: $10
Enter promo code SPORTSLINEFAN26
Must be 21 or older and in a state where Fanatics Sportsbook legally operates.
FanCash for this promo expires seven days after issuance.
FanCash cannot be cashed out or withdrawn and does not contribute to winnings earned at Fanatics Sportsbook.
Fanatics Sportsbook operational states
Arizona, Colorado, Connecticut, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Missouri, North Carolina, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, Vermont, Washington DC, West Virginia, Wyoming
Fanatics Sportsbook banking options
Debit card, online banking, Apple Pay, Venmo, PayPal, Wire Transfer, cash at casino.
BetMGM Sportsbook promo code: SPORTSLINE for Up to $1,500 in bonus bets
You can click CLAIM BONUS and use the BetMGM promo code SPORTSLINE to unlock this offer. New customers can sign up and receive up to $1,500 in bonus bets back if their first bet doesn't win. In other words, if your first wager loses, you will get the same amount back in bonus bets, up to $1,500. Additionally, BetMGM offers a secondary promo, one that provides $150 in bonus bets if an initial wager of $10 or more wins.
New users can deposit and wager a minimum of $10 for their first bet, and if it wins, they will receive the stake + winnings in cash. If the bet loses, you will get a bonus bet for the amount of the losing bet stake you placed. The maximum bonus bet is $1,500. The bonus bet expires after seven days.
Offer is not available in New York.
Who is this promo for?
Of the sportsbook promos and bonus codes referenced on this page, BetMGM is the only one that offers a promotion that caters to both smaller and larger bettors alike. With the No Sweat Bet being up to $1,500, smaller and larger bettors can take a big swing with their first wager, knowing that the worst-case scenario is receiving a bonus bet in the same amount. Though the bonus bet doesn't equate to cash, it essentially gives the customer two chances to hit their first bets and accumulate cash in their account.
How the BetMGM promo code works
Promo code: SPORTSLINE
New BetMGM customers only
Must be 21 or older and located in an eligible state where BetMGM legally operates.
Bet amounts: Wagers Under $50: If your first bet is less than $50 and it loses, you'll receive a single bonus bet equal to the wagered amount. Wagers of $50 or More: For first bets of $50 or more that lose, the refund is divided into five equal bonus bets, each worth 20% of the initial wager. For example, a losing $200 bet would result in five $40 bonus bets.
Bonus bets expire seven days after issuance, including the $50 bonus bet as part of this sign-up promo.
When placing a bet using bonus funds, only the winnings are returned to you; the bonus stake is not included in your returns.
Minimum $10 deposit required for eligibility
No minimum odds requirement.
Remember: Bonus bets for first-bet insurance are awarded only if the first bet loses; if it wins, the profit may be kept, but no bonus will be awarded.
The bonus bets expire after seven days.
BetMGM Sportsbook operational states
Arizona, Colorado, Washington D.C., Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi, Missouri, New Jersey, Nevada, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming
BetMGM Sportsbook banking options
Debit card, online banking, PayPal, Venmo, Apple Pay, Wire Transfer, gift card, prepaid card, e-check, PayNearMe, Play+
bet365 promo code: Use SPORTSLINE to bet $10, get $150 in bonus bets, win or lose
The first of the two promos offered is a bet-and-get sign-up bonus. bet365 is offering customers a bet $10, get $365 in bonus bets promo. You don't have to win your first bet to get the bonus bets. Just deposit at least $10, and wager at least $10 on any market with odds -500 or longer (i.e. -110, -200, -350, etc.).
If you win your first $10 bet, you will receive the stake + winnings in cash, as well as the $150 in bonus bets. If the bet loses, you will just get the $150 in bonus bets from bet365.
If your first bet of $10 does not settle within 30 days after registration, the offer will be forfeited. So we do not advise betting futures (odds to win the championship) for this offer throughout most of the year.
How the SPORTSLINE bet365 promo code works
Click the CLAIM BONUS button on this page.
New bet365 customers are eligible for this promo if they claim it within 30 days of registration.
$10 minimum deposit
Minimum $10 bet on any sports market with odds of -500 or longer.
Bet must settle within 30 days of claiming the offer.
Fully cashed out bets, event-specific bonus bets, live in-game bets settled as a push, and bets deemed no action do not count towards the qualifying bet.
Once your qualifying bet settles, you will receive $150 in bonus bets. These bonus bets are non-withdrawable and must be used within seven days of being credited.
The bonus bet amount is excluded from any returns; only the winnings from these bets will be added to your withdrawable balance.
Any bonus bets expire after seven days.
21+. Gambling Problem? Call 1-800-GAMBLER.
Caesars Sportsbook promo code: SPORTSLINEDYW to bet $1+ and double your winnings on your next 10 bets
Clicking the CLAIM BONUS button on this page and using the Caesars Sportsbook promo code SPORTSLINEDYW at signup will allow new users to place a $1+ first bet with minimum odds of -10,000 to receive 10 Profit Boost Tokens. Those tokens have a maximum bet amount of $25. There is also a maximum additional winnings of $2,500 per token. Tokens expire 14 days after receipt. If a wager is voided or is graded a push, Profit Boost Tokens are not reissued.
Who is this promo for?
This is a unique offer that gives bettors the chance to win extra cash, not bonus bets. The Profit Boost Tokens must be used within 14 calendar days from the date they are awarded. Unused PBTs will expire and be removed from the account holder's account.
How the Caesars Sportsbook promo code works
This is once the national offer: Bet $1, double your winnings on your next 10 wagers, up to $25 max bet per boost
Register with promo code: SPORTSLINEDYW
Place a $1+ wager and get ten 100% Profit Boost Tokens.
The first wager must have minimum odds of -10,000 (-11,000, etc. do not qualify).
PBTs can be activated in the bet slip before placing a bet.
This offer is open to new Caesars Sportsbook and Caesars Sportsbook and Casino users in AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, NC, NJ, NY, OH, PA, TN, VA, WV, Washington, D.C. or WY. A wager placed using Profit Boosts, Bonus Bets, Bonus Cash, Super Boosts, Round Robins, or Cash Out will be ineligible for this promotion. The initial bet must be placed using real-money cash to qualify and have minimum odds of -10000 or longer.
Caesars Sportsbook operational states
Arizona, Colorado, Washington D.C., Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, Washington, West Virginia, Wyoming
In a similar fashion to online casino bonuses, sportsbooks offer several promotions and incentives for both new and existing users. Here is a list of each type of sports betting welcome offer and how they work:
Sign-up bonus
When customers are new to a sportsbook, they are offered sign-up bonuses as new users. These include bet-and-get bonuses (for example: bet $5, get $150 in bonus bets), No Sweat Bets (bonus bets back if your bet loses), and more. It is highly recommended that new customers take advantage of these offers, as they are a good way to try out the sportsbook and kickstart your sports betting bankroll.
Bonus bets
Sportsbooks give out bonus bets for different reasons, including new customer bonuses, deposit matches, losing No Sweat Bets, and loyalty incentives/contests. Customers can also redeem loyalty points for bonus bets on BetMGM, Fanatics and DraftKings. Bonus bets have no cash value and must be wagered before any winnings can be withdrawn in cash.
If a $100 bonus bet is played at +200 odds, the player would only receive $200 in winnings if the bet hit and would not receive the bonus bet stake. By comparison, a winning $100 bonus bet at +200 would pay out $300 ($100 stake + $200 profit). These bets usually expire seven days after they are awarded.
Deposit match
Some sportsbooks will occasionally offer deposit matches as their new customer promotion. They might offer up to a 100% deposit match, and the maximum amount match varies. The deposit match may come in the form of cash or bonus bets.
If this deposit match is in cash, rollover requirements may be in effect so that money cannot be withdrawn until the bonus has been wagered through at least once (if not more, as specified by sportsbook rules).
No Sweat Bets
This type of sportsbook promo simply means you will get bonus bets back if your bet loses. This type of promo is also sometimes called a "safety net" at bet365.
Reload bonus
Existing customers will occasionally receive offers from sportsbooks to re-deposit money into their accounts. To incentivize doing so, a sportsbook will give bonus bets matching up to a percentage of the deposit. FanDuel, BetMGM and Fanatics have given out a 50% deposit match to some customers, meaning if a player deposits $100 in cash, they would receive $50 in bonus bets.
Player referrals
Sportsbooks will offer incentives for referring other players, such as friends or family. Users will receive a matching bonus bet up to the specified amount depending on how much the referral deposits. Additionally, some sportsbooks may reward both the referrer and the referred player with bonus bets or account credits, creating a win-win situation for both parties.
No deposit bonus
This type of offer provides users with bonus funds or bets without needing to make an initial deposit. It allows players to explore a sportsbook at no cost but is rarely available among the top sportsbooks in the US.
Odds boosts
Odds boosts are a common practice at most sportsbooks. Users can get an enhancement to the odds and potential winnings to incentivize them to bet on a specific game or parlay.
For example, if a sportsbook combined the Wildcats -3 and Over 145.5, generally the odds would be around +260. With an odds boost, the sportsbook might alter the payout to +300. There may be limits on the maximum bet allowed for these odds boosts.
Profit boost
Profit boosts are the most common form of promotion and are found on most sportsbooks. Profit boosts are usually tied to parlays or same-game parlays and boost the potential winnings by a percentage. Let's say your three-leg same-game parlay is +500 and DraftKings is offering a 50% bonus for that exact bet. The new odds for your bet would be +750, though the maximum stake is always capped.
Loyalty/VIP programs
Most of the best sportsbooks have loyalty or rewards programs where bettors can build up points or credit with every bet they make, and use those points for bonus bets or other prizes.
Fanatics, DraftKings, and BetMGM offer the most comprehensive loyalty programs, allowing players to earn credits and tier credits for each bet they make. Tier credits increase your status for the current and following years, increasing the benefits you receive from those sites. Regular credits are redeemable for bonus bets and other perks such as hotel stays, merchandise, or other entertainment benefits.
At Fanatics Sportsbook, each bet earns FanCash, which can be redeemed for bonus bets or for use at the Fanatics merchandise shop.
For those customers who bet larger sums more often, they will likely be given a VIP host, which comes with additional benefits and incentives such as bigger bonus bets, tickets to sporting events, and travel perks. Long-term winning bettors typically do not get VIP perks.
Contests
A contest on a sportsbook is another form of betting that you can play. Generally, you're asked to bet on a certain event happening, and whoever gets it right or gets closest will get a percentage of the contest pot.
Contests are more frequent on DraftKings than at other sportsbooks. For example, its "King of the Court" promotion entices customers to place a $5 or more wager on certain NBA player markets for that day. If the player has the highest points + rebounds + assists total on the given day, the sportsbook will give them a share of $1 million in bonus bets, depending on how many other customers got the player correct in the contest. These are further incentives to make the customer's betting journey that much more entertaining.
What to look for in sportsbook promo code details
While it is recommended to be familiar with a promo's full terms and conditions, there are certain things we generally look out for.
Maximum bonus value
If you claimed the full extent of the promotion, how much would you get in bonus bets? The bet-and-get promotions (DraftKings, bet365) are best for the introductory player sampling out the sportsbook's menu, especially if their bets are centered around the big game(s). The maximum bonus value on these, however, is generally low. Rarely will you have a "bet-and-get" where you can bet $5 and get more than $300 in bonus bets.
Medium bettors might prefer Fanatics' no-sweat promotion over 10 days, where they are more likely to take chances with parlay bets to make more money. Larger bettors are most likely to prefer BetMGM's No Sweat Bet up to $1,500, using the bet on a spread or total of their choice (more conservative compared to parlays).
The maximum bonus value on a promo like BetMGM's is much higher, but you'll have to actually wager that much to claim it.
User investment
This refers to how much a bettor needs to bet to claim the promotion. On "bet-and-get" style promotions, the user investment is usually $5 or $10. With first bet insurance or other uniquely structured promotions, the user investment can be as high as whatever the sportsbook sets as the maximum. On Fanatics Sportsbook, for example, that would be $1,000.
Playthrough requirements or odds restrictions
Some sportsbooks require the initial bet(s) to be placed on markets of -500 or greater (-400, -300, -200, -110, etc.), though the bet and get offers don't come with those restrictions. A customer must win their wagers to be able to withdraw cash in their account. They cannot withdraw bonus bets.
Bonus expiration date
It's common across the industry for bonus bets to expire after seven days, though you may come across a longer or shorter expiration. The new customer needs to use their bonus bets before expiration to maximize the value of these offers.
Sportsbook promos and bonuses by sport
In many cases, specific promos are offered to a given sport. Here are a few examples.
Football
In the fall and winter, sportsbooks lean on profit boosts and No Sweat Bets to entice football bettors. For primetime NFL games or notable college football games, same game parlay bonuses are common. Weekly NFL touchdown parlay profit boosts have been a staple on FanDuel and DraftKings.
A football-specific promotion you can find is "Pro Football Second Chance" on BetMGM. With these promotions, you can bet on a player to score the first touchdown of the game, and you'll get your stake back in cash if the player you bet on doesn't score first but does score at some point in the game.
Basketball
Similar to football, profit boosts and No Sweat Bets are common in basketball markets, though sportsbooks tend to focus on nightly action vs. one particular game. Boost builders on DraftKings, FanDuel and bet365 allow you to add more percentage profit boost to your bet for every leg added to the parlay.
Baseball
Single-game SGP profit boosts for the primetime or playoff games are common, but home run promotions have been a hit on FanDuel.
For the last several years, it offered the "Dinger Tuesdays" promotion, where a customer would bet a minimum of $25 on one player to hit a home run and they would receive $5 in bonus bets for the combined number of home runs by both teams in that game. The maximum return on that bet would be if the player homered (stake + winnings) and a bonus bet for home runs in that contest.
Hockey
Similar to the first touchdown insurance for football, you might find first goalscorer insurance in hockey betting. If the player you bet on to score the first goal doesn't, but still scores a goal later in the game, you'll get your stake back.
Sportsbook promos FAQ
Which sportsbook has the best promo?
The best introductory promo is relative to what the customer is looking for in terms of their betting style. For larger bettors, they might appreciate BetMGM's first bet offer of up to $1,500 with promo code SPORTSLINE. The smaller bettors who are sampling out sports betting might be more drawn to bet365's bet $10, get $150 offer, which is not contingent on the first bet winning.
Do all sportsbook bonuses require promo codes?
No. Only one of the five sportsbooks mentioned in this article require promo codes: SPORTSLINE for BetMGM. The SPORTSLINE bet365 promo code offer unlocks after just clicking the link on this page.
When do I enter the promo code in the registration process?
The promo code will be required where prompted at signup before your registration is confirmed.
Can I claim more than one welcome offer?
You can claim one welcome offer per sportsbook. If you've already registered with a sportsbook, you won't be able to claim any new welcome promotions they offer.
How do sportsbook bonuses work?
It depends on the offer itself. Each sportsbook has requirements for how much to deposit, how much to bet initially, what the minimum odds are on the first bet, and how much in bonus bets or No Sweat Bets a player can receive.
What are the playthrough requirements for sportsbook bonuses?
The first bet must be settled for customers to receive their initial bonus or winnings. Bonus bets are equal to $0 cash and must be played through in order to gain cash from the winnings.
What is a sportsbook bonus?
A sportsbook bonus is an incentive for new customers to deposit with that operator. Bonuses cannot be cashed out until they are played through.
Can you withdraw sportsbook bonuses?
No. Bonuses must be played through at least once before withdrawal options are available. That applies to bonus bets as well.
What are bonus bets and how do they work?
Bonus bets allow you to make a wager as normal, but instead of the stake being included in your winnings, they are of $0 cash value.
