Maryland Sports Betting Promos and Bonuses: Best Offers for March 2023

All Maryland sportsbook promo codes

With mobile sports betting launching in November 2022, Maryland is still in the early innings of developing a deep roster of the best sportsbooks and sports betting apps. Seven operators went live with their products at launch, and Betfred joined the party in February 2023. Several more online sportsbooks, including Fanatics, are set to launch in the near future.

With up to 60 online sportsbook licenses available in Maryland, competition will be fierce in the coming years. The eight operators currently active in the state will need to continue delivering top-notch welcome bonus promotions to stand out. 

Here are four of the best sportsbook promos that offer $1,000 or more for those looking to garner a potentially massive payday:

• Barstool: $1,000 new player bonus
• BetMGM: $1,000 back in bonus bets
• Caesars: Up to $1,500 on Caesars
• FanDuel: $1,000 no sweat first bet

Only two sportsbooks — BetRivers and Caesars — require promo codes to unlock their Maryland betting promos for new users.

1. DraftKings MD welcome offer

For our money, DraftKings continues to offer the top Maryland sportsbook bonus for first-time bettors. Registering a new account with the sportsbook means you’re eligible for a bet $5, win $150 bonus. No DraftKings promo code is necessary, either.

• After signing up with DraftKings, you must deposit and wager a minimum of $5 on any pre-game moneyline. 
• If your initial wager wins, you’ll receive $150 in bonus bets.
• The $150 will arrive in your account as six (6) $25 bonus bets.
• The bonus bets have a lifespan of seven days and will expire if unused.
• This DraftKings MD promo will end on May 28, 2023.

For more expert insights, check out our detailed DraftKings review.

DraftKings promo pros and cons

What does the DraftKings sign-up promo mean for you?

DraftKings Maryland’s bet $5, win $150 in bonus bets offer means you will want to find bettor-friendly odds to secure your reward. This isn’t the time to lay down $5 on an underdog — you need to win your first bet on a pre-game moneyline to earn the $150 in bonus bets.

How much money can you earn with the DraftKings sign-up promo?

Assuming your first bet on a pre-game moneyline wins, the six (6) $25 bonus bets you receive can be converted into profits by stringing together future wins with them.

Why DraftKings’ bonus is better than the others

DraftKings’ MD sportsbook bonus sets itself apart from the competition by requiring minimal commitment from new players. So long as your $5 qualifying bet wins — there are plenty of safe markets to help increase your chances — you’ll get $150 in bonus bets to try and achieve further success with the sportsbook.

2. Caesars MD welcome offer

Caesars Sportsbook Maryland offers new players a choice when it comes to its welcome bonus: They can either claim a $100 bet credit by wagering between $20 and $100 or collect up to $1,500 on Caesars by wagering over $100 and losing. No matter which bonus you opt for, you’ll need to enter the Caesars promo code — SBRBONUSFULL — during registration.

• After creating a new account, you must make a minimum first deposit of $10.
• Your initial bet must come within 30 days of registration.
• If your first bet is between $20 and $100, you will receive a $100 bet credit — regardless of your wager’s outcome. 
• If your first bet exceeds $100 and loses, Caesars will refund your stake, up to $1,500, as a bet credit.
• The single bet credit you receive cannot be split up and must be used on one wager. It will appear in your account within two days of your initial bet settling.
• You must use your bet credit within 14 days of receipt, or it will expire.

If you’re craving even more information, dig into our Caesars review.

Caesars Sportsbook promo pros and cons

What does the Caesars sign-up promo mean for you?

The Caesars MD welcome offer provides one of two things: A guaranteed $100 bonus when you wager between $20 and $100 or a safety net on your first bet of $100 or more, up to $1,500. If you’re just looking to get your toes wet in the sports betting space, the former will be more appealing due to its low-risk wagering requirement. The latter, on the other hand, will entice bettors aiming for a big early payday.

How much money can you earn with the Caesars sign-up promo?

No matter which version of the Caesars Maryland welcome offer you select, you can use the bet credit earned from either to wager on a favorite — the safe play — or an underdog — the more lucrative option. The path you choose — and the amount of money you can make — depends entirely on your comfort level.

Why Caesars’ bonus is better than the others

Caesars’ bonus has the edge over most online sportsbooks’ welcome offers because it provides two options — one that is more suited to risk-averse bettors and one for those looking to spend big. If you’re the latter, you won’t find a more lucrative Maryland sportsbook bonus.

3. FanDuel MD welcome offer

FanDuel likes to rotate welcome bonus offers in and out. So, keeping tabs on its active Maryland sports betting promos is wise. Currently, new players can redeem a $1,000 no sweat first bet.

• You don’t need a FanDuel promo code to claim the sign-up offer, but you do need to download the sportsbook’s mobile app.
• A minimum deposit of $10 is required following registration.
• If your first wager on any sports market bombs, FanDuel will return your stake, up to $1,000, as non-withdrawable bonus bets.
• FanDuel will credit you the bonus bets within three days of your first losing bet settling.
• The bonus bets will expire 14 days after receiving them if unused.
• This FanDuel MD promo lasts until April 9, 2023.

Read our thorough FanDuel review to discover more about the popular sportsbook.

FanDuel promo pros and cons

What does the FanDuel sign-up promo mean for you?

FanDuel’s $1,000 no sweat first bet provides new players with a shot at redemption should their first wager go south. So, picking an underdog would be an optimal play for your initial bet since, if you win, you walk away with a significant payday, and if you lose, you simply get your stake back from FanDuel to try again. We recommend thoroughly sifting through all available markets — FanDuel is one of the best live betting sites — before making a decision. 

How much money can you earn with the FanDuel sign-up promo?

If your first bet proves successful, you keep the winnings, and the FanDuel promo doesn’t trigger. If it fails, you’ll receive your money back, up to $1,000, as bonus bets that you can use to wager further with the sportsbook. The amount of money you can earn depends on the success of your future wager(s). For example, if you risk $1,000 in bonus bets at 3-to-1 odds, and it hits, you’ll win $3,000.

Why FanDuel’s bonus is better than the others

FanDuel is one of the few sports betting sites in Maryland that offers a welcome bonus with a maximum value of $1,000 or more. The fact that you can break down the bonus bets you acquire into smaller wagers is nice, too.

4. PointsBet MD welcome offer

PointsBet owns one of the more unique Maryland sportsbook promos. First-time customers can earn up to $250 in bet credits over their first five days of using the sportsbook. You don’t need a PointsBet promo code to get started here.

• Over your first five days of wagering with PointsBet, place your first five fixed odds bets — one each day — on whatever you prefer.
• If one of your qualifying bets during this timeframe loses, PointsBet will provide you a refund, up to $50, in bet credits. So, if all five of your wagers flop, you can earn a maximum of $250.
• If any of your first five wagers win, you will not get a bonus for that day.

Looking for additional analysis on PointsBet’s sports betting platform? Scour our complete PointsBet review.

PointsBet promo pros and cons

What does the PointsBet sign-up promo mean for you?

The PointsBet MD promo means new bettors are insured up to $50 on each of their first five bets over their first five days of wagering with the sportsbook. This offer is far and away the most flexible in Maryland since you can also divide each $50 bonus into four equal bet credits.

How much money can you earn with the PointsBet sign-up promo?

If any of your first five bets lose, PointsBet will stake your account up to $50 each time. With those second-chance wagers, the amount of money that can be earned depends on their eventual outcome. The more consecutive wins you string together, the more money you can make.

Why PointsBet’s bonus is better than the others

By capping each of its five bonus bets at $50, PointsBet does new players in Maryland a favor. Rather than pressuring you to make a single, large wager to earn a bonus, PointsBet incentivizes testing the waters and beginning your sports betting journey at an even pace.

5. BetMGM MD welcome offer

The self-proclaimed “King of Parlays” entices new Maryland bettors to be more aggressive with their first wager by offering them up to $1,000 back in bonus bets should they lose.

• Once you’ve registered a new BetMGM Maryland account, a minimum deposit of at least $10 is required.
• Place your first wager of any amount — should it lose, you’ll get your money back, up to $1,000, as bonus bets.
• The bonus bets are divvied up into 20% denominations on wagers of over $50. So, a $1,000 first bet loss would result in five (5) $200 bonus bets. If you wagered less than $50, you would receive a single bonus bet.
• The bonus bets will arrive in your account within 24 hours and must be used within seven days.

Eager to uncover more details about BetMGM MD? Comb through our BetMGM review.

BetMGM promo pros and cons

What does the BetMGM sign-up promo mean for you?

BetMGM Maryland’s welcome promo means you can be aggressive with your first bet because if you lose, the sportsbook will reimburse your account, up to $1,000, with bonus bets.

How much money can you earn with the BetMGM sign-up promo?

Should your first bet with BetMGM lose, the amount of money you can earn with the bonus bets depends entirely on the success of those wagers. For example, if you garner five (5) $200 bonus bets and all of them lose, you will make no money. However, if any of them win, the profits are yours to keep.

Why BetMGM’s bonus is better than the others

When choosing a betting site, it’s worth noting that few offer welcome bonuses valued at $1,000 or more. The fact that BetMGM pays out its bonus bets in five installments on failed first wagers of at least $50 is an extra plus because some operators require new players to risk their entire bonus on a single bet. 

How we rate and review sports betting promotions

Our team of industry experts spends a lot of time independently critiquing Maryland’s best online sportsbooks. We focus on numerous elements across each sports betting site in our thorough reviews to generate custom ratings.

When it comes to evaluating the top Maryland sports betting promos and bonuses, we use a similar approach. Here are just a few of the questions we consider before rating the quality of any particular welcome bonus:

• What is the sign-up bonus’ maximum value?
• Is the bonus guaranteed, or does it require a specific circumstance to activate?
• What is the minimum deposit necessary to acquire the bonus?
• Is a promo code needed?
• What is the welcome bonus type? Is it a deposit match, second-chance bet, no deposit offer, or something else?
• What are the playthrough requirements and other notable terms and conditions attached to the bonus?
• How quickly does the bonus expire?

Types of Maryland sign-up offers and bonuses

Most of Maryland’s eight active sportsbooks offer sign-up bonuses in the form of first bet insurance. Whether you love, hate, or are indifferent towards this type of offer, it’s long been a favorite among operators, so expect it to continue to be one of Maryland’s most common welcome promos.

Deposit match

Deposit match bonuses are not contingent on your first bet winning or losing. Instead, the sportsbook will match all or part of your first-time deposit to help you build your bankroll immediately. For example, a 100% deposit match bonus of up to $1,000 means you could put down $500 in real cash to receive an additional $500 in bonus funds for a total of $1,000 in your account.

Bet and get

Bet and get bonuses are great for new players because they do not need to lose their first wager to trigger the promotion. By making an initial deposit and wager — generally around $10 — the sportsbook will typically add bonus funds to your account, regardless of whether your bet wins or loses. Occasionally, there will be an extra stipulation, such as requiring your first bet to hit. This is the case with DraftKings’ offer, for example, which needs you to bet $5 on any pre-game moneyline and win to unlock $150 in bonus bets.

First bet insurance

First bet insurance offers are often the most lucrative Maryland sportsbook promos, with the best capping out at $1,000 or more. For this type of bonus to activate, your first wager must lose. Then, the sportsbook will refund however much you lost, up to a specified amount. For example, Caesars’ welcome offer has a $1,500 maximum value, meaning you can risk up to that amount with your first bet and receive a non-withdrawable bet-credit refund if it loses.

Maryland online sportsbooks

In late November 2022, online sports betting got the green light and saw seven sportsbooks enter the Maryland market. A few months later, in February 2023, Betfred joined the festivities. 

Now, Maryland bettors are waiting with bated breath for Bally Bet, betPARX, Fanatics, and WynnBET to round out the next batch of legal sports betting sites. Eventually, the state could have up to 60 online sportsbooks and sports betting apps available. 

Maryland online and mobile sportsbooks

Maryland betting resources

Since online MD sportsbooks only went live in November 2022, you may be new to legal sports betting. If so, this guide on the best Maryland sports betting promos may feel a tad overwhelming. Be sure to check out our other sports betting resource pages, including how to bet on sports, read betting odds, and effectively manage your bankroll.

Responsible sports betting with Maryland promos

The Maryland Lottery and Gaming Control Agency is the governing body in charge of overseeing sports betting activities in the state. Though it shares some responsibilities with the Sports Wagering Application Review Commission (SWARC), the MLGCA is the regulator that conducts routine audits of online sportsbooks, verifies that safe gaming initiatives are being met, enforces Maryland sports betting laws, and issues fines when operators fall out of line. The MLGCA is also at the forefront of responsible betting initiatives to prevent and treat problem gambling.

In conjunction with the state’s Department of Behavioral Health, the MLGCA works with the Maryland Center of Excellence on Problem Gambling. Both the MLGCA and DOBH can help you find a counselor to assist you and your family through tough times, and you can call 1-800-GAMBLER for 24/7 support. Additionally, the center offers several great resources for individuals working through problem gambling:

• Learn the signs
• Getting help

Maryland sportsbooks also work on responsible betting practices by allowing players to set budgets and session time limits once they log into their accounts. Doing so can help those at risk closely monitor how much time and money is spent on 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