Best Sportsbook Promos in 2026, Tested and Compared

FanDuel's $250 in bonus bets, paid in full whether the qualifying wagers win or lose, is the strongest sportsbook welcome offer for most new bettors, based on terms SportsbookReview listed in October 2026.

For a bettor planning one large first wager, BetMGM's offer of up to $1,500 back in bonus bets pays more. bet365 pays $200 for a single $10 bet. Fanatics suits bettors who wager every day for 10 days, and DraftKings is live in the most states.

The offers were ranked on three things: how much of the bonus is guaranteed, the playthrough multiple, and how many steps sit between the deposit and a usable bonus. Every term below comes from the operators' published offers as reported by SportsbookReview, Covers, Legal Sports Report and Sportshandle. Terms change week to week and differ by state.

ESPN Bet, whose $200 offer still draws searches, stopped operating on December 1, 2025. Its offer and its replacement are covered below.

FanDuel paid $250 in bonus bets as $50 a day for each of five consecutive days with a $5 or larger wager, according to SportsbookReview. The bonus was guaranteed regardless of whether the wagers won.

The outlay was $25 in wagers over five days. The minimum deposit was $5, and the offer was listed in 24 or more states plus DC and Puerto Rico.

The drawback is the schedule. A missed day breaks the run, and each bonus bet expired seven days after issue, SportsbookReview said.

Bonus bets also return only profit, not the stake, Sportshandle explained. A $50 bonus bet at even money returns $50, not $100.

Covers featured a different FanDuel offer on October 1, 2026: bet $1 or more and get $100 in bonus bets, contingent on in-game conditions. The offer shown at signup depends on state and date.

Bettors who will not log in five days running get the same guaranteed structure from bet365 in one wager.

BetMGM refunded a losing first bet as bonus bets up to $1,500, with a 1x playthrough and a $10 minimum deposit, according to SportsbookReview. Covers named it its best overall offer on October 1, 2026, listed as expiring November 1, 2026.

A first wager of $50 or more came back as five bonus bets of 20% each. A smaller stake came back as one bonus bet, Covers reported.

The drawback is that it pays only on a loss. A winning first bet earns nothing extra, and the $1,500 maximum requires a $1,500 losing stake. RotoWire put the typical range for this type of first-bet insurance at $1,000 to $1,500.

The offer was unavailable in DC, Mississippi, Nevada, New York and Puerto Rico, according to SportsbookReview. In Michigan, New Jersey, Pennsylvania and West Virginia, BetMGM also ran a limited alternate offer: bet $10, get $150 in bonus bets if the bet wins.

State deposit-match versions differ. Sportshandle reported a 20% match up to $1,600 in Missouri with a 10x rollover due within seven days, which needs an $8,000 deposit to reach the cap. A Kansas version capped at $1,500 required a $7,500 deposit, with 10x due in 30 days.

Bettors who cannot absorb losing the first stake should skip this offer.

bet365 offered $200 in bonus bets for a $10 wager, paid win or lose, according to SportsbookReview. New users could instead choose a first-bet safety net of up to $1,000.

The minimum deposit was $10. RotoWire put guaranteed bet-and-get offers in the $200 to $400 range, and this one is at the bottom of that range.

Late-September coverage by Legal Sports Report and Goal.com said bet365 added 50 free spins in New Jersey, Michigan, Pennsylvania and West Virginia.

The drawback is reach. SportsbookReview listed bet365 in 18 states, fewer than any other pick here. Bettors in FanDuel states who will wager five days in a row get $50 more from FanDuel.

Fanatics matched bets in FanCash up to $1,000, paid daily over 10 days at a maximum of $100 a day, according to SportsbookReview. FanCash could be redeemed for bonus bets with a 1x playthrough or for merchandise.

Qualifying bets needed odds of -200 or longer. The minimum deposit was $10, and the offer was listed in 23 or more states plus DC.

RotoWire reported that FanCash carried a 365-day redemption window, compared with five days for most new-user bonuses in Missouri.

The drawback is the stake required. The full $1,000 takes $100 of wagers on each of 10 days, and the odds floor rules out heavy favorites.

The figures conflict across sources. Legal Sports Report and Goal.com coverage from late September listed $350 in FanCash after a first $20 wager, and Covers showed 50% profit-boost tokens for NFL games. Casual bettors who place a few bets a week should skip this offer.

DraftKings paired $150 in bonus bets for a $5 wager with a 20% deposit match up to $1,000, no promo code required, according to SportsbookReview. It listed DraftKings in 27 or more states plus DC, the widest footprint of the operators covered here.

The late-September Legal Sports Report and Goal.com list included Arkansas, Connecticut, Maine, Vermont and Wyoming.

The $150 carried a 1x playthrough. The deposit match carried 25x, unlocking $1 of cash for every $25 wagered, Legal Sports Report said.

That puts the full $1,000 match behind a $5,000 deposit and $25,000 in wagers. The same Legal Sports Report page cited 1x requirements among the strongest VIP promotions.

Covers featured a separate DraftKings bet-and-get tied to total home runs in a game, with rewards that varied by loyalty tier. Bettors who value the deposit match should skip DraftKings. The $150 is the usable part.

ESPN Bet never ran a $200 deposit match, and the brand no longer exists. It ceased operations on December 1, 2025 and became theScore Bet, according to SportsbookReview.

PENN Entertainment and ESPN agreed on November 6, 2025 to end their 10-year, $2 billion partnership early, SBC Americas reported. Accounts, balances and pending bets moved to theScore Bet automatically.

The $200 offer was a set of bonus bets, not a deposit match. A $10 wager earned four $50 bonus bets win or lose, and they expired after seven days.

The alternative was a 100% deposit match up to $1,000, paid as "Eligible Cashback," Action Network explained. The match unlocked at 5% per dollar wagered, later raised to 10%, with a 20x requirement, a 30-day window and odds of -200 or longer. New users chose one of the two offers.

theScore Bet's welcome offer was an up to $1,000 Bet Reset: a losing first bet came back as five bonus bets of 20% each, expiring after seven days, according to SportsbookReview. Sources disagree on its footprint. Covers listed 18 states, SportsbookReview listed 19 or more plus DC, and SBC Americas counted 21 jurisdictions.

• FanDuel Sportsbook: for most new bettors, with a $250 bonus guaranteed for $25 in wagers.
• BetMGM Sportsbook: for one large first bet, refunded in bonus bets up to $1,500 if it loses.
• bet365: for a single $10 bet and $200 back, in its 18 states.
• Fanatics Sportsbook: for bettors who wager daily over 10 days.
• DraftKings Sportsbook: for bettors in states the others do not reach.

Bettors who fit none of these should wait for offers with a 1x requirement on matched funds, which Legal Sports Report found among VIP promotions. New-state launches are another option: RotoWire counted $5,115 in combined new-user offers in Missouri on September 24, 2026.