Arizona Sports Betting Promos & Bonuses: Best Offers for 2023

All Arizona sportsbook promo codes

While several online sportsbook operators have been updating their Arizona sportsbook sign-up offers after Super Bowl 57, Golden Nugget remains the only sportsbook with a promo code that offers a deposit match bonus. Their first-time deposit match up to $250 a unicorn in the desert, while the other 16 competing mobile sports betting sites are marketing a blend of first-bet insurance and bonus bets. Here are the most valuable in terms of potential bonus dollars:

• Caesars: up to $1,250 in first bet insurance
• Barstool: up to $1,00 in first bet insurance
• BetMGM: up to $1,000 in bonus bets

FanDuel AZ welcome offer

The FanDuel welcome bonus is a No Sweat First Bet up to $1,000 in bonus bets. No promo code is required at the time of redemption.

• New players must deposit $10 to take advantage of this offer
• If a new player first loses, FanDuel will put up to $1,000 in bonus bets in your account matching the initial wager
• Bonus bets will expire after 14 days

What does the promo mean for you?

FanDuel’s welcome bonus allows bettors to be more aggressive on their first bet, knowing that they will be refunded in bonus bets if it loses. With nothing to lose, taking a shot on some longer odds may be the play because if it hits, you hit paydirt.

How much money can be earned with the promo?

If your first bet wins, you can earn however much the payout is on the bet. The higher the odds, the larger the payout.

If your first bet loses, you still earn bonus bets equal to the amount of your first bet.

Why this bonus is better than others

FanDuel is insuring your first bet up to $1,000.

DraftKings AZ welcome offer

Unlike some of DraftKings’ recent welcome promotions, DraftKings requires a moneyline win to unlock the bonus offer. New players can wager $5 on any moneyline event, and if their team wins, DraftKings will issue $200 in bonus bets. No promo code is required.

• New players must make a minimum deposit of $5
• New players must risk at least $5 on any market on their first bet
• If the bet wins or loses, DraftKings awards the bonus funds in eight (8) $25 increments
• Bonus bets must be used within seven days

What does the promo mean for you?

DraftKings is making the cost of entry significantly lower than most of its competitors. Few require a first-time deposit of just $5, and with the choice of any moneyline on the board, you can attack heavy favorites to improve your odds of unlocking the $200 bonus bets.

How much money can be earned with the promo?

If your first moneyline bet loses, you can earn no money with this promotion.

If your first moneyline bet wins, the sky is the limit. Take each of those $25 bonus bets; the more you win, your bankroll will increase. While you can’t redeem bonus funds for cash, your profits on each win are yours to keep.

Why this bonus is better than others

The $5 minimum deposit and $5 minimum initial wager are significant for those on a tight budget.

BetMGM AZ welcome offer

BetMGM has stuck with a version of its current welcome offer for quite a while now. New players can earn first-bet insurance up to $1,000, which would be paid out as bonus bets. No promo code is required for Arizona players.

• This promo will run through December 31, 2023
• A minimum first-time deposit of $10 is required
• A first-bet loss unlocks the bonus funds, dollar-for-dollar up to $1,000
• BetMGM will issue bonus bets in 20% increments for first bets of $50 or more and one single bonus bet credit for first bets of $49 or less. So, a $1,000 first bet loss would earn five (5) $200 bonus bets from BetMGM credited to your account
• Bonus bets must be redeemed seven days after acquiring them.

What does the promo mean for you?

The BetMGM promo is a safety net for new players, ready to catch them if their first bet falters. With insurance of up to $1,000, the risk can be greater on the first wager after creating a new account.

How much money can be earned with the promo?

If your first bet wins, no money can be earned via the BetMGM welcome offer, but on the bright side, your bet slip is cashed!

If your first bet loses, the bonus funds can’t be redeemed (earned) for cash, but the profits made on future winning wagers are all yours. So, the more you win, the more money can be achieved via the BetMGM first bet insurance.

Why this bonus is better than others

Only a few operators in Arizona offer welcome bonuses valued at $1,000 or more.

BetRivers AZ welcome offer

BetRivers is a unicorn in Arizona online sportsbook welcome offers in that new players can earn a free bet of up to $500. Promo code: SPORTS is required at the time of deposit.

• New players create an account and place a one-time wager of up to $500
• If that bet loses, you will receive bet credits equal to your initial stake
• Must be placed with odds of -200 (1.5, 66.7% implied) or longer

What does the promo mean for You?

New players in Arizona can potentially double their bankroll by up to $500, depending on the size of their first bet.

How much money can be earned with the promo?

While the bonus cash expires after 14 days, the profits from future bets are yours to keep. So, let’s say you place a first bet of $500, and it loses; BetRivers will redeem you $500 in bonus credits. If your first bet is a winner, the profits earned on that wager are yours to keep.

Why this bonus is better than others

This bonus allows players to place their first bet with BetRivers insuring it if it loses.

Caesars AZ welcome offer

Caesars Sportsbook offers new Arizona players first-bet insurance up to $1,250. The gaming industry leader also kicks in thousands of Caesars reward points bettors can redeem for exclusive perks and experiences. Promo code SBRBONUSFULL is required at the time of the first deposit.

• New players must make a minimum deposit of $10
• The first bet will be insured up to $1,250 should it lose
• The bonus offer funds must be used on a single bet within 14 days and can’t be chopped up into multiple wagers
• You will earn 1,000 Caesar Rewards and 1,000 Caesars Rewards Tier Credits within seven days of your first bet settling
• Must use bonus bet funds within 14 days of receiving them

What does the promo mean for you?

Caesars is giving new players in Arizona a chance to wager up to $1,250 on their first bet, and Caesars refunds you the total losing bet amount as a single bonus bet credit if that bet loses. Plus, they are kicking in the ever-popular Caesars Rewards that bettors can use in various ways, including VIP experiences found only at Caesars properties.

How much money can be earned with the promo?

If your first bet at Caesars Sportsbook wins, you earn no money with this promo.

If your first bet at Caesars Sportsbook is ruled a loser, you can earn up to $1,250 in bonus funds. On the subsequent bonus bet, a win allows you to keep the profits, but another loss and the bonus funds are gone, as is the chance of earning any money with the promotion.

Why this bonus is better than others

No other Arizona online sportsbook operator offer so many bonus rewards at sign-up.

How we rate & review sports betting promotions

The number one priority of the SBR editorial team is for our audience to make an informed decision when selecting an online sportsbook or sports betting app. The same independent and thorough process used to evaluate, rate, and review online sportsbook quality is used when critiquing operators’ sports betting promotions. We’re digging into the terms and conditions and asking these questions:

• What is the max value of the sign-up bonus?
• Is the welcome bonus guaranteed?
• Do users need to enter a promo code at the time of the first deposit?
• What is the minimum deposit required to unlock a welcome bonus?
• Are the playthrough requirements of the bonus funds received fair?
• What is the expiration date of the welcome bonus or promotion?

Most of these rate and review questions have to do with the sign-up bonus but also apply to ongoing promotions that an operator may offer loyal customers.

Types of AZ betting sign-up offers & bonuses

These days, it doesn’t matter which legal sports betting state you’re in. The three most common sign-up offers and bonuses are:

• First-time deposit match bonuses.
• Bonus bet offers.
• The ever-popular first bet insurance.

Deposit match bonus

This promotion is arguably the best sign-up bonus operators can offer new players. It’s bonus money added to your account when you first deposit. For example, a 100% deposit match bonus of up to $500 will take a $500 initial deposit and double it. So, your account will reflect $1,000 in available funds. A 50% deposit match bonus up to $500 would take a $500 first-time deposit and kick in $250 for a starting balance of $750.

Bonus bet bonus

The bonus bet sign-up offer is excellent for new or novice sports bettors in Arizona. They typically come with a small minimum deposit, a small first-time wager, and bonus bet credits valued at over $100. For example, the DraftKings current welcome bonus is a bet $5, win $150 in bonus bets offer, distributed in six (6) $25 increments. So, players can spread their bonus bets around and try different betting markets like same-game parlays, teasers, and player props.

First bet insurance

Of all the sign-up offers available, operators are leaning more towards first-bet insurance with values of $1,000 or more. Why? The welcome bonus only pays if a new player’s first wager loses. If the first bet is a winner, the sign-up offer promotion closes with no bonuses paid out. Also, read the terms and conditions of first bet insurance before signing up. Some sportsbooks require the entire insurance amount awarded to be wagered on a single bet within a short period after being received.

Arizona online sportsbooks

When Arizona Governor Doug Ducey signed the state’s legal sports betting bill into law in 2021, it stated that 20 online sports betting licenses would be the max allowed. Until October 2022, the Grand Canyon State boasted 18 online sportsbooks/sports betting apps. Operator Fubo shuttered operations last fall, leaving Arizona sports bettors 17 mobile betting sites on the board. The 17 sportsbooks offer similar betting markets but work tirelessly to promote the best bonuses, odds boosts, live video streaming, and loyalty rewards to separate themselves.

Arizona online & mobile sportsbooks

Arizona betting resources

We may be getting ahead of ourselves with so much attention on the best sportsbook promos. Suppose you’re new to online sports betting. In that case, you’ll want to check out our other guides, like a full breakdown of the best Arizona sports betting sites, a general overview of how online sportsbook bonuses are evaluated, and a deep dive into SBRs best sportsbook of FanDuel.  

Responsible sports betting with Arizona promos

The Arizona Department of Gaming is the governing body in charge of sports betting regulation and oversight. In addition to reviewing operator applications, issuing licenses, conducting regular audits, and enforcing laws and fines, the ADOG also acts as a resource for those seeking problem gambling resources and treatment.

They offer three ways to contact them at any time:

• Call 1-800-NEXT-STEP
• Text NEXT STEP to 53342
• Chat live with the support staff

Individuals may fill out an event wagering and fantasy sports contest self-exclusion form on the ADOG website. Operators of sports betting apps also make it possible for players to set session time limits per day and spending limits, so they don’t exceed a predetermined bankroll amount.

Arizona also offers outpatient treatment centers for responsible sports betting.

Sportsbook promos & bonuses in other regions

Sportsbook promos & bonuses in legal U.S. states

Sportsbook promos & bonuses in international regions

• Canada sportsbook promos (excluding Ontario)
• U.K. sportsbook promos