Maryland Sportsbook Promos and Bonuses: Best Offers for April 2024

Maryland sportsbook promos quick facts

All Maryland sportsbook promo codes and bonuses

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, with Betfred joining in February 2023, SuperBook in April 2023, and Fanatics in June 2023. Several more online sportsbooks, including Bally Bet, 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 12 operators currently active in the state will need to continue delivering top-notch welcome bonus promotions to stand out. 

Here are three of the best sportsbook promos for those looking to garner a potentially massive payday:

• ESPN BET: Up to $600 in bonuses
• BetMGM: Up to $1,500 in bonus bets
• Caesars: Bet $1, get ten 100% profit boost tokens

Only four sportsbooks — BetMGM, BetRivers, Caesars, and SuperBook — require promo codes to unlock Maryland betting promos for new users. Here is a list of Maryland sportsbook promo codes and bonuses:

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, get $200 bonus. No DraftKings promo code is necessary, either.

• After signing up with DraftKings, you must deposit and wager a minimum of $5 on any sport.
• You’ll receive $200 in bonus bets instantly.
• The $200 will arrive in your account as eight (8) $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 6, 2024.

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, get $200 in bonus bets offer means you can instantly boost your bankroll. No matter how your initial $5 wager shakes out, you'll acquire the $200 in bonus bets as soon as it settles.

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

After making your $5 qualifying bet, the eight (8) $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 you place a $5 qualifying bet on any sports market, you’ll get $200 in bonus bets to try and achieve further success with the sportsbook.

2. Caesars MD welcome offer 🏛

Caesars Sportsbook Maryland offers new players a chance to double their winnings with plenty of 100% profit boost tokens. You’ll need to enter the Caesars Sportsbook promo code — SBRBONUSDYW — during registration to claim the offer.

• After creating a new account, you must make a minimum first deposit of $10.
• You initial bet of $1 or more must come within 30 days of registration.
• Win or lose, you'll collect ten (10) 100% profit boost tokens.
• You can apply these tokens to your next bets, doubling your winnings if your picks come through.
• Max. bet when using a 100% profit boost token is $20.
• Max. additional winnings per token is $1,000.
• You must use your tokens within 14 days of receipt, or they 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?

This Caesars sign-up promo does exactly what it says, giving you ten 100% profit boost tokens to apply to future bets. If those boosted bets win, you'll double your money instantly.

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

Technically, you could earn up to $10,000 with this promo, since you can get a maximum of $1,000 in doubled profits per token. However, that would require winning ten straight $20 bets with +5000 odds or longer, which would take some sort of statistical miracle. Our advice? Stick with reasonable odds, make smart picks, and try to turn your tokens into an extra $100 or $200 in profits. 

Why Caesars’ bonus is better than the others

This Caesars bonus has a couple key advantages. First, it has a 14 day expiry window when many competing sportsbooks see their bonuses disappear after a week. With ten profit boost tokens, you are able to spread this bonus around multiple picks, instead of having to use it all at once. 

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 bet $5, get $150 welcome offer.

• 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.
• Make a $5 bet on any available market, with any odds.
• Win or lose, FanDuel will credit your account with $150 in bonus bets.
• The bonus bets will expire seven days after receiving them if unused.

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 bet $5, get $150 in bonus bets offer provides new players with a chance to pad their early bankrolls quickly. You'll earn $200 in bonus bets that you can use to make additional wagers, regardless of how your first bet turns out. We recommend thoroughly sifting through all available markets — FanDuel is one of the best live betting sites — before deciding where to spend your bonus funds. 

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

The $150 in bonus bets can't be withdrawn as cash, so there aren't any guarantees you'll net a profit. You have to use them to make additional wagers, so your potential earnings depend on the odds of your bets and whether they end up as winners. 

Why FanDuel’s bonus is better than the others

FanDuel offers $150 in guaranteed bonus bets for a minor risk of $5 — you don't have to win or lose your first bet to collect the bonus. The bonus bets come with ultimate flexibility, allowing you to split them up however you want. You're not obligated to use all $150 at once or limited to using them in $25 chunks. 

4. 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 $1,500 back in bonus bets should they lose. Use BetMGM bonus code SBRBONUS when getting started.

• 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 $1,500, as bonus bets.
• The bonus bets are divvied up into 20% denominations on wagers of over $50. So, a $1,500 first bet loss would result in five (5) $300 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 allows you to be aggressive with your first bet. If you lose, the sportsbook will reimburse your account, up to $1,500, 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 a maximum of $1,500 and its bonus bets come 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. 

5. BetRivers MD welcome offer ⚡

BetRivers owns one of the more straightforward Maryland sportsbook promos. First-time customers can earn up to a $500 second chance bet. The BetRivers bonus code SBRBONUS is necessary to get started here.

• Begin by making a deposit of at least $10.
• Place your first wager of any amount on any sports market you prefer.
• Should your qualifying wager lose, you'll get a refund, up to $500, as a bonus bet.
• You must play through the bonus once at odds of -200 or greater.
• If you fail to use the reward within 30 days, it will expire.

Looking for additional analysis on BetRivers' sports betting platform? Scour our complete BetRivers review.

BetRivers promo pros and cons

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

The BetRivers MD promo means new bettors are insured up to $500 on their first bet. This offer is one of the most simple in Maryland — place your first wager, and if you lose, the sportsbook will give you a second shot by returning your stake, up to $500, as a bonus bet.

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

If your first bet loses, BetRivers will stake your account up to $500. With that second-chance wager, the amount of money that can be earned depends on its eventual outcome. The more consecutive wins you string together — with the bonus or not — the more money you can make.

Why BetRivers' bonus is better than the others

The uncomplicated nature of BetRivers' Maryland promo — in line with the rest of the sportsbook — makes it great for first-time bettors dipping their toes into the sports betting space. 

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?

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. Then, in April 2023, SuperBook launched its platform, followed soon after by Fanatics in June 2023 and betPARX in August 2023.

Now, Maryland bettors are waiting with bated breath for Bally Bet 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

Types of Maryland sign-up offers and bonuses

Most of Maryland’s 11 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 was the case with a recent FanDuel offer, for example, which needed you to bet $5 on any market and win, in order to unlock $200 in bonus bets. Most current bet-and-get offers do not require your bet to win or lose, though.

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, let's say a sportsbook welcome offer is up to $1,500 in first-bet insurance, meaning you can risk up to that amount with your first bet and receive a non-withdrawable bet credit refund if it loses. The bet credit is sometimes split into smaller pieces, but some require you to use your entire bonus bet amount all at once. 

Referral bonus

The bonuses don't necessarily stop after you've earned that welcome promo. Most sportsbooks also offer a referral bonus if you can recruit friends to sign up too. You'll get a unique code or download link to share. If the sportsbooks earns a new customer via your referral, they will credit your account with a small gift — usually a bonus bet or some cashback rewards. To discover which platform offers the best sportsbook referral bonus, read our complete guide.

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.

Sports betting by category

It doesn't matter what sport or league is your favorite; there's a great sportsbook bonus waiting for you at any number of legal and licensed sportsbooks in your state. Here's a list of the best sportsbooks by category, to make your decisions even easier:

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 and bonuses in other regions

U.S. states with legal sportsbook promos and bonuses

Bonuses can vary from state to state. To learn more about your state, check out the links below for promotional information or see our legal sports betting state tracker.

Sportsbook promos and bonuses in international regions

• Canada sportsbook promos (excluding Ontario)

• U.K. sportsbook promos