New York Sports Betting Promos & Bonuses: Best Offers for 2023

All New York sportsbook promo codes

New York sports betting promos and bonuses range between $100 and $1,250. However, when redeeming your bonus, you must pay attention to each operator’s terms and conditions. Playthrough requirements are one catch, while the other — and more common these days — is that your first wager must lose for the welcome bonus funds to unlock and credit your account. From there, your sportsbook promo funds may need to be used on a single bet or within a few days.

On the bright side, unlike sportsbooks of yesteryear, most NY online sportsbook operators do not require a promo code when making a first deposit or opting for a future bonus. Only BetRivers NY and Caesars Sportsbook NY require sportsbook promo codes at sign-up time.

FanDuel NY welcome offer

FanDuel's welcome bonus for new bettors is a No Sweat First Bet up to $1,000. Here's what you need to know.

✔️Requires a first-time deposit of at least $10.

✔️If your first bet loses, FanDuel matches the losing bet amount up to $1,000 as bonus bets.

✔️FanDuel NY drops the bonus bets into your account within 72 hours.

✔️Bonus bets can be used on any sports betting market.

✔️Bonus bets cannot be withdrawn for cash.

FanDuel promo pros and cons 

Pros

✔️Bonus bets applicable to any sports market

✔️Equips bettors with a chance for bigger payouts 

Cons

❌Only rewarded if first bet loses

❌Can't redeem on desktop website

What does the promo mean for you?

The FanDuel No Sweat First Bet bets provide a fallback option should you attempt to maximize returns on the initial wager. With FanDuel, you get a second chance at redemption should your first attempt come short.

How much money can I earn with the promo?

The earning potential depends on how you choose to wager. There are no odds requirements for the FanDuel NY offer, so you could either place a conservative wager on the betting favorite or shoot for a more significant payday by wagering on an underdog. If you lose, you'll get refunded in the form of bonus bets.

Why this bonus is better than others

FanDuel NY provides value to bettors if their first bet is deemed a loser, and is one of the larger welcome bonuses in that regard.

DraftKings NY welcome offer

First-timers with DraftKings NY can place a wager of $5 or more on any pre-game moneyline to acquire $150 in bonus bets if their wager wins. 

Only the initial wager of at least $5 counts as the qualifying wager. The bonus will be paid as six (6) $25 bonus bets and is non-withdrawable, non-transferable, non-refundable, and will expire after seven days.

✔️The bonus bets must be used within seven days of receipt

✔️Be sure to read the terms and conditions for playthrough requirements

DraftKings NY promo pros and cons

Pros

✔️No promo code required

✔️Low cost of entry

✔️Easy-to-read terms and conditions

Cons   

❌Bonus expires within seven days

❌Bonus bets capped at $25 each

What does the promo mean for you?

This is an excellent promo for new players because, for a low cost of entry of just $5, you can possibly earn six $25 bets that can then be used for further wagering. Your bankroll is safe when using those $25 bonus bets from DraftKings.

How much money can I earn with the promo?

The success of your wagers tethered to the bonus bets determines the payout. If you take one of your $25 bonus bets and wager on a sporting event at 4-1 (+400) odds, and it cashes, you'll get $100. So, the more you win, the more money you can earn with this promo. The best part is, so long as you’re using the bonus bet funds, you can’t lose any real money because you’re not touching your bankroll.

Why this bonus is better than others

DraftKings' $5 wagering requirement is among the lowest among the top sportsbooks in the industry.

Caesars NY welcome offer

Caesars Sportsbook NY pulls no punches when it comes to its NY welcome offer. The sign-up bonus consists of up to $1,250 Caesars when using promo code SBRBONUSFULL, along with 1,000 Caesars Rewards® Tier Credits and 1,000 Caesars Rewards Reward Credits to sweeten the deal. Here are some key considerations:

✔️Requires a $10 minimum deposit $10 to unlock the offer.

✔️The bonus only clears if the first wager loses.

✔️All bonus funds must be used on one single wager.

✔️Bonus funds must be used within 14 days.

Caesars Sportsbook NY promo pros and cons

Pros  

✔️One of the industry's most valuable welcome bonuses

✔️Only a $10 minimum deposit

✔️Great for veteran bettors

Cons

❌Only comes into play if the bet settles as a loss

❌Bonus paid out as a single bet credit 

❌Bet credit must be used on a single wager

What does the promo mean for you?

Caesars allows you to wager on a game up to $1,250 on the house, whether you're a new player or a seasoned handicapper. If it wins, no bonus funds are awarded. If you lose, Caesars NY credits your account with the exact amount, up to $1,250.

How much money can I earn with the promo?

The sportsbook bonus comes into play only if your first-time bet, up to $1,250 maximum, settles as a loss. If you lose your first bet, the total possible amount earned depends on how well you do on your next wager with Caesars' single bet credit. So long as you keep winning each subsequent bet with Caesars Reward monies, your possible earnings are infinite.

Why this bonus is better than others

It’s one of the most lucrative NY sportsbook promos regarding possible money acquired but does hinge on a loss. What makes this bonus better than others, however, is the ability to gain Caesars Rewards just by signing up and making a minimum deposit. Those rewards can be used for future bonuses and exclusive VIP events only Caesars can offer. 

PointsBet NY welcome offer

PointsBet allows new New York players to insure each of their first five (5) bets up to $50 per day. In other words, players wager $50 on a single bet each of the first five days their account is live. If the wager wins, no money is awarded. If the wager loses, PointsBet will credit their account $50 to provide them a second chance to win. It may take 24 hours to receive your bonus bet funds. Let's take a closer look at the details:

✔️Wagers cannot exceed $50 on eligible promotional days.

✔️Score a refund of up to $50 each time if your bets settle as a loss.

✔️Initial fixed odds sports bet during the first five days include protections.

PointsBet NY promo pros and cons

Pros  

✔️Up to $250 in bet credits to start

✔️Flexibility to spread out wagers

Cons

❌Bonus funds tied to losing bets only

❌Cannot be redeemed for cash 

What does the promo mean for you?

New and experienced bettors can be more aggressive out of the gate. If PointsBet will ensure each of your first five bets up to $50 each day, look at backing some underdogs in the first five days. If you win, you’ll make more money. If you lose, PointsBet will pay you up to $50 back in bonus credit. 

How much money can I earn with the promo?

If each of your first five $50 bets wins, the promo pays out nothing. If each of your first five $50 bets loses, you’ll get $250 back from PointsBet in bonus funds, which can earn significant money should you catch a hot streak and parlay winnings into future winnings and stack them up in your bankroll.

Why this bonus is better than others

PointsBet NY allows new players to be more aggressive. Effectively, it provides insurance for the first five bets, enabling them to test various sports betting markets and find value on the board when backing underdogs with no risk.

BetRivers NY welcome offer

Use promo code SPORTS when making your first deposit to earn a $100 bonus bet. If your first wager loses, BetRivers NY will credit your account back $100 as a bonus bet, and you’ll have a second chance at winning. Further promotional details include:

✔️BetRivers bonus code SPORTS triggers the sign-up offer.

✔️Most traditional markets are available to wager on with the bonus betting credit.

✔️Bonus funds added to a user's account balance are tied to site credit. 

✔️Bonus bets are not redeemable for real money wagers.

✔️Winning bets registered with that bet credit can be withdrawn.

 BetRivers promo pros and cons

Pros  

✔️The first bet is refunded up to $100 if it settles as a loss

✔️Minimum deposit of only $10

Cons

❌One of the lower-value NY welcome bonuses

❌Bonus bets are only valid on wagers with odds of -200 or longer 

❌Bonus money must be used in 30 days or forfeited

What does the promo mean for you?

With BetRivers NY, you can afford to be more aggressive with your first wager. We advise customers to refrain from instinctively going after the easy wager because no bonus money is paid out if you win. However, if you take a little risk and stake on a 4-1 underdog and win, you’ll make $400 instead of earning a bet insurance credit of $100. Remember to use the bonus funds within 30 days of receiving them.

How much money can I earn with the promo?

If you’re first $100 bet wins, no money can be earned with the promo offer because it goes away. If you’re first $100 bet loses and BetRivers credits you with $100, your second chance at winning can earn you hundreds, if not thousands, of dollars if you hit a hot streak. The more consecutive bet wins you hit after receiving the bonus money, your bankroll will grow.

Why this bonus is better than others

If we’re being honest, it’s not better. The thing BetRivers has going for it is that its parent company, Rush Street Interactive, is globally recognized as an industry leader with one of the best products on the market and a user experience second-to-none thanks to live video streaming and live in-game betting.

How we rate and review sports betting promotions

When evaluating and reviewing online sportsbooks and sports betting apps, our editorial and betting experts independently critique each outlet’s sports betting promotions for quality. How we rate and review these welcome bonuses and ongoing promos comes down to several factors:

• The dollar amount value the operator provides the player
• If a player must punch in a promo code to redeem the offer
• If the betting site requires an initial deposit
• If a minimum deposit is required to unlock the bonus funds
• If the operator applies an expiry date to the bonus
• Clear explanations of playthrough requirements

Types of New York betting sign-up offers and bonuses

When it comes to New York sign-up offers and bonuses, there are three that are promoted most often: deposit matches, deposit bonus, bonus bets, and first-bet insurance or second-chance wagers.

Deposit match bonus

In a crowded and competitive betting market, New York online sportsbook operators will look to woo you with deposit match bonuses. At the time you go to make a first deposit, the sportsbook will match your first transaction up to a certain amount. For example, if a NY sports betting app’s deposit match bonus was 100% up to $1,000 and you deposited $1,000 the first time, that operator would double your available funds from the $1,000 you staked to $2,000, including the $1,000 you put up and their $1,000 deposit match. If a match bonus is 50% up to $500 and you deposit $500, the bonus would be $250 for a total wallet value of $750 to start.

Bonus bet

DraftKings and FanDuel have both embraced the bonus bet sign-up promos. This typically requires a modest initial deposit of $5-$10 minimum and asks that you make a first bet to unlock the bonus funds. At DraftKings, a $5 first-time wager unlocks $200 in bonus bets that can be wagered across multiple follow-up bets. DraftKings' $200 in bonus bets are packaged as eight $25 single bets. In most cases, you must use the bonus bets within a specific time frame or risk losing out on the bonus wagers.

First bet or second chance bets 

These are trending as the most popular sign-up bonus offer on the market because betting sites only have to pay out on losing initial wagers. If you win your first bet, no bonus is awarded, which acts as a double-edged sword for the player. For example, if you make a first deposit of $1,250 on Caesars and wager it all on the Chiefs to win, and they lose, Caesars will stake you $1,250 back in bonus bet credit. However, all $1,250 must be used on a single wager in a predetermined amount of time.

SBR tip: Remember, some, if not most, of these bonus funds have terms, conditions, and playthrough requirements you should read and review before claiming.

New York online sportsbooks

When New York mobile betting went live on Jan. 8, 2022, four legal sports betting sites and sports betting apps were available to new players. That number has grown to nine operators over the past year, and while we wait to see what is next, chances are good that betting kiosks will be coming to sports venues like Yankees Stadium and Citi Field sooner rather than later. Plus, many state politicians believe that iGaming, otherwise known as online casino games, will be legalized in the near future.

New York online and mobile sportsbooks

New York betting resources

New York’s sports betting promotions are only a sliver of what new players should know before signing on with an online sportsbook or downloading a sports betting app. SBR’s editorial team has built out a full slate of NY sports betting resource pages to help you understand the ins and outs of the state’s best sports betting sites and to dig deeper into New York sports betting promos and bonuses.

New York Sports Betting

Review the best online sportsbooks and sports betting apps New York state has to offer.

Sportsbook Promos

Learn all about the various types of sports betting bonuses operators offer new and veteran players.

DraftKings Review

Learn more as to why DraftKings continues to reign supreme as the best online sportsbook and sports betting app in New York. 

Responsible sports betting with New York promos

The New York Gaming Commission is the regulatory body overseeing all gaming in the Empire State. As part of their mission statement, they are in charge of responsible sports betting oversight as it pertains to the operators and offering various resources, prevention, and treatment of gambling addiction.

While sports betting welcome bonus funds are a way to entice new players to sign-up with an online sportsbook or download a sports betting app, the truth is some players need assistance in monitoring their activity and bet frequency. The NYGC’s website offers several options to help those afflicted with problem gambling:

• Gambling HOPEline can be reached at 1-877-8-HOPENY (467369) 24 hours a day, seven days a week
• Voluntary Self-Exclusion can be embraced by filling out this form
• Gamblers Anonymous Hotline
• New York Council on Problem Gambling
• New York State Office of Addiction Services: Treatment

The NYGC works with operators to include options within their online sportsbook and sports betting app settings to allow every player the option to set betting limits and session limits to mitigate problem gambling risks.

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