Pennsylvania Sports Betting Promos & Bonuses: Best Offers for Mar. 2023

All Pennsylvania sportsbook promo codes

Pennsylvania’s 15 online sportsbook welcome promos range in value from $100 all the way up to $1,250. However, before you hone in on any one welcome bonus, be sure to read the terms, conditions and playthrough requirement of each sign-up offer. For example, the DraftKings welcome bonus may only have a $200 value, but you can spread those bonus bets around, while Caesars requires you to spend all your bonus money on a single bet.

It's also worth highlighting that most PA sports betting sites do not require a promo code be entered at time of first deposit. BetRivers, Caesars, PointsBet and TwinSpires require you punch the code in before depositing for the first time.

Caesars Sportsbook PA welcome offer

One of the most globally recognized betting brands offers new Pennsylvania players up to $1,250 in first bet insurance plus 1,000 Caesars Rewards and 1,000 Caesar Tiered Rewards win or lose. Please use promo code SBRFULL at time of first deposit.

• If your first bet loses, you get up to $1,250 staked by Caesars.
• A minimum wager of $10 is required to activate this promotion.
• Credits will be applied to accounts within seven days after wager is settled.
• Players must use credit within 14 days of receiving.
• Bonus credit must be used on a single bet.
• Rewards can be used on exclusive Caesar VIP experiences and hotel stays.

What does the promo mean for you?

Caesars four-figure welcome bonus promotion means that new players can be a little bit more aggressive on their first bet because even if they lose, Caesars is giving them their money back in the form of a future bet credit up to $1,250 plus 2,000 in rewards points that can be used both in the sports betting app and for VIP experiences at Caesars retail locations.

How much money can be earned with the promo?

If your first bet wins, zero money can be earned with the promo because Caesars only pays out the first bet insurance when your first bet loses. If your first bet loses, the amount of money that can be earned is infinite if you never lose another bet again, right? The future value of the promotion is dependent on your accuracy of future wagers after the first loss. If you take the max $1,250 bet insurance credit and wager $1,250 on the Philadelphia 76ers next game and they win, boom, your account is soaring. Obviously betting market odds impact the total return on any given bet, but the more you win, the more you earn after that first loss.

Why this bonus is better than others

Caesars offers the most first bet insurance out of any other operator plus they kick in loyalty rewards win or lose on the first bet.

FanDuel PA welcome offer

In an attempt to compete with a crowded Pennsylvania sports betting field, new users at FanDuel are eligible to claim the bet $20, get $20 in bonus bets promotion. You must register and deposit on the FanDuel mobile app and place a first bet of $20. If that bet loses, you’ll get bonus bets deposited into your account of $200, equal to 10x the initial bet. FanDuel will fulfill bonus bets within 72 hours, expiring on March 19 at 11:59 p.m. ET. 

• FanDuel’s minimum banking requirement is a $20 deposit and bet.
• Like DraftKings, you can’t redeem FanDuel bonus funds as cash withdrawal.

What does the promo mean for you?

This is a great welcome offer for those new to sports betting. First, you only need to deposit $20 to start. Plus, the up to $200 in bonus bets can be rolled into a potentially large amount win or loss.

How much money can be earned with the promo?

This all depends on what you use your sports betting welcome bonus on at FanDuel. For example, if you take the entire $200 bonus and wager on something with +200 odds (2-to-1), and if the bet cashes, you’ll win $400 more. That's an extreme example, but it shows how you can build a bankroll quickly with this bonus.

Why this bonus is better than others

You are guaranteed bonus bets if your first bet wins or loses.

BetMGM PA welcome offer

The King of Parlays, BetMGM Sportsbook is offering new players up to $1,000 in first bet insurance. This means if your first bet loses, they’ll reload your account up to $1,000. There are no promo codes required to activate this offer.

• Minimum $10 deposit required.
• No odds restrictions on the first bet.
• Bet insurance paid within 24 hours of first wager loss settled.
• You have seven days to use the bonus bet.

What does the promo mean for You?

It means new players who sign-up with BetMGM can wager up to $1,000 without any risk on the table because even if the first bet loses, the operator will credit your account back the full amount of your first bet.

How much money can be earned with the promo?

If your first bet wins, BetMGM will not give you any insurance bet credit via this promotion. The only way to earn money via this promo is to lose your first bet and then take the insurance credit and win future wagers consistently. If you take your bonus bet insurance money and lose it all in a single wager, you will win no money. So, it’s wise to do your due diligence on your second, third and subsequent wagers to maximize the possible money returns using promo credits.

Why this bonus is better than others

Very few operators in the state of Pennsylvania offer bonus credits worth $1,000-or-more.

PointsBet PA welcome offer

The PointsBet sports betting app doesn’t earn the headlines like FanDuel or DraftKings, but its app store rating is among the best in the United States and they are offering new players up to $250 in bonus bets during their first week.

• PointsBet will stake your first five bets up to $50 each during your first active week on the app and sportsbook.
• If you lose each of your first five bets, you can earn up to $250 in bet insurance credited back to your account.
• PointsBet only provides bet insurance if one or more of your first five bets loses. If any of your first five bets win, that is not eligible for bonus monies.

What does the promo mean for You?

It means that new players can take more risks in each of their first five bets because PointsBet will credit their account each time they lose the wagers. It also allows novice players a shot to try various bet types and fade the more common moneylines, point spreads and point totals.

How much money can be earned with the promo?

If a player wins each of their first five bets, zero money can be earned via the promo. If the player loses any of their first five bets, the total amount of money earned depends on how accurate they are with future bets. For example, if you lose your first $50 bet and PointsBet credits your account with $50 and you take that and wager $50 on the Eagles to win at EVEN money and Philly wins, boom, you just made $50 for a total of $100 in your account.

Why this bonus is better than others

PointsBet lets users take their bonus bet credits and chop ‘em up into up to five individual wagers.

DraftKings PA welcome offer

Pennsylvania players have two welcome bonus offers to choose from at DraftKings. The modest one is that new players can earn $200 in bonus bets with a $5 first bet. No promo code is required to redeem. The second, more lucrative welcome bonus, is a 20% deposit match up to $1,000. In order to cash in on all $1,000 in welcome bonus monies, a $5,000 initial deposit must be made. This could be too rich for some.

What does the promo mean for You?

For new players with smaller bankrolls, a simple $5 deposit earns you $200 in wagers right away. This is uncommon in the Pennsylvania market but nice of DK operators because the risk is off the table for those getting their feet wet in sports betting circles.

How much money can be earned with the promo?

The $200 bonus bet could be worth thousands of dollars if you hit a hot betting streak. The more consecutive wins you string together, the farther that $200 bonus bet money will go to growing your bankroll.

Be sure to read through terms and conditions of the deposit match bonus to learn when you can withdraw funds. You can’t deposit $5,000, get $1,000 and try to withdraw the grand right away. You have to make some wagers before cashing out. These playthrough requirements change all the time and is why it’s important to read through the T&C beforehand.

Why this bonus is better than others

Very few domestic online sportsbooks and sports betting apps offer any sort of deposit match bonus these days. To earn $1,000 is a rarity, but if you have the funds, it’s worth the investment.

How we rate & review sports betting promotions

The SBR editorial team implemented a thorough and independent review of the best online sportsbooks in Pennsylvania. We’re always looking at user experience, banking options, betting market variety, and customer service accessibility. Our team of sports betting experts uses a similar process when evaluating and critiquing operators’ sports betting promotions. Here are a few ways in which we rate and review sign-up offers in Pennsylvania:

• The overall max value of the bonus.
• Is the sports betting promo guaranteed for signing up, making a first deposit or both?
• Does the player need to find and enter a promo code to redeem the bonus.
• Does the player need to find and enter a promo code to redeem the bonus.
• If there is a minimum deposit required to unlock the bonus.
• Does the bonus expire and, if so, are funds forfeited?
• What are the playthrough requirements to withdraw bonus funds?

Types of PA betting sign-up offers & bonuses

Pennsylvania sports betting sign-up offers & welcome bonuses typically fall into three primary categories: deposit match bonus, bonus bets, and first bet insurance.

Deposit match bonus

While bonus bets and first bet insurance have become the welcome bonus norm these days, veterans of the sports betting industry know that some of the oldest online sportsbooks continue to offer deposit match bonuses to new players. This means that a percentage of your initial deposit will be matched by the operator.

For example, a 100% deposit match bonus up to $1,000 would double an initial deposit of $1,000. So, the player would start with $2,000 in their account wallet. A 100% deposit match on $500 would bump the initial deposit from $500 to $1,000. A 50% deposit match on $1,000 would add $500 for a total of $1,500 off the jump.

Bonus bets 

Operators like DraftKings have made bonus bets popular in recent months. These welcome bonuses can be wired up a number of ways, but basically it’s as simple as making an initial deposit – as low as $10 in some cases – make a first bet and, win or lose, the operator will credit your account with bonus bets ranging in value. At DraftKings, $150 in bonus bets are chopped up into eight (6) $25 bonus tickets that can be used on most betting markets. 

First bet insurance

The first bet insurance is a double-edged sword of potential value. Typically, most first bet insurance welcome bonuses possess more value than other sign-up offers. However, in order to cash in on them, your first bet must lose. If you win, congrats, you made some money, but if you win, you also void any chance of earning welcome bonus funds. No risk on the table is nice, but it’s also nice to be guaranteed bonus funds win or lose.

Also, be sure to check out the terms and conditions of first bet insurance promos because they often need to be wagered in a single bet and do have an expiration date that might creep up on you and the last thing you want to have happen is lose a welcome bonus because you didn’t know it expired.

Pennsylvania online sportsbooks

It was way back in 2019 that Sugarhouse became the first legal sports betting site to launch in Pennsylvania. Soon thereafter a handful more mobile sports betting sites and apps launched and today 14 online sportsbook are all fighting for your attention and business. However, the party is about to grow even larger as bet365 – a global juggernaut in the sports betting industry – is about to become the 15th sports betting operator in the PA as it awaits final approval from the PGCB. As an early adopter of legal sports betting, Pennsylvania’s current slate of operators are chock full of quality features.

Pennsylvania online & mobile sportsbooks

Pennsylvania betting resources

If Pennsylvania sports betting bonus promos are the appetizer, we still have to cover the main course and dessert, right? Check out all our other PA sports betting site guides below including reviews of the best Pennsylvania online sportsbooks and sports betting sites, a deeper dive into all the different types of bonuses PA bettors should know and a spotlight on Caesars Sportsbook.

Responsible sports betting with Pennsylvania promos

The Pennsylvania Gaming Control Board is the governing body in charge of regulating sports betting, licensing, and enforcing laws in the Keystone State. The executive director of the PGCB, Kevin O’Toole, notes that part of its mission statement is to make responsible gaming a top priority. Though some of the burden does fall on the individual, the PGCB can assist those with gambling addiction through initiatives to target operator’s advertising practices and force each to also offer problem gambling resources.

As part of their Responsible Play program, the PGCB offers a number of resources to help those in need, including:

• Signs of Problem Gambling
• Gambling Addiction Help
• Friends and Family Initiatives
• Self-Exclusion Program
• Gambling Treatment Options (through PA Department of Drug & Alcohol)

In addition to these, each online sportsbook and sports betting app allows individuals to set betting limits and session time limits within their account settings. Sports betting is supposed to be an enjoyable experience. If you think you have a problem and want help, please call 1-800-GAMBLER.