Best New York sports betting bonuses ranked
Every sportsbook listed below is fully licensed and legal in New York. Welcome offers are current as of publication, but bonus terms can change - always verify on the operator's site before claiming.
| Sportsbook | Welcome bonus | Promo code | Min deposit | Key term |
|---|---|---|---|---|
| BetMGM | Bet $10, Get $150 in Bonus Bets If You Win | None required | $10 | Bonus bets paid only if qualifying bet wins; 7-day expiry |
| FanDuel | Bet $5 Get $200 in Bet Reset Tokens for 5 Days (up to $1,000) | None required | $5 | One token per qualifying day for 5 days; tokens expire 24 hours after issuance |
| DraftKings | Spend $5+ Get $150 in Bonus Bets | None required | $5 | Bonus bets credited in tranches; 7-day expiry; stake not returned with winnings |
| Fanatics | 10 x $100 Bet Match in FanCash (up to $1,000 over 10 days) | None required | $10 | Qualifying bet must be -200 or longer each day; FanCash expires 7 days after credit |
BetMGM
- Comprehensive sports betting markets
- Regular bonuses and promotions
- Dedicated mobile betting apps
- Not available in all US states
BetMGM is backed by the joint venture between MGM Resorts International and Entain, giving it deep roots in both land-based casino gaming and online sports wagering. In New York, where name recognition and trust matter to bettors, that MGM brand carries real weight. The sportsbook covers a broad range of markets - NFL, NBA, MLB, NHL, college sports, tennis, soccer, and more - with a clean app and a desktop experience that is easy to navigate. Same Game Parlays, live betting, and early cash-out are all available, and the iRewards loyalty program links your betting activity to MGM's wider resort ecosystem.
The welcome offer is structured as a Bet and Get: deposit $10, place a $10 qualifying wager, and if that bet wins you receive $150 in bonus bets. No promo code is required. The bonus bets land in your account within 24 hours of the qualifying bet settling, and you have 7 days to use them. The $10 minimum deposit keeps the barrier to entry low.
Because the bonus bets are only triggered on a winning qualifying bet, this offer is conditional in a way that some rivals' aren't. Make sure your qualifying wager is placed within 7 days of registration - otherwise you forfeit the chance to unlock the bonus entirely. There is no minimum odds requirement on the qualifying bet itself, which gives you flexibility in what you back. Bonus bets are non-withdrawable, single-use, and the stake is not returned alongside any winnings.
Beyond the welcome offer, BetMGM keeps existing players engaged through Lion's Boost daily odds boosts, One Game Parlay Insurance, Same Game Parlay boosts, and weekly parlay reload offers. The iRewards program earns you points on every bet you place - those points can be redeemed for credit at MGM properties across the US or converted back into bonus bets, which gives BetMGM an edge for players who also visit MGM resorts.
| Welcome bonus | Bet $10, Get $150 in Bonus Bets If You Win |
| Promo code | None required |
| Minimum deposit | $10 |
| Wagering / play-through | 1x (single-use bonus bets) |
| Minimum odds | No minimum |
| Expiry | 7 days after bonus bets are credited |
| Available in New York? | Yes |
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
FanDuel
- Wide range of sports and bet types
- Includes deep prop markets
- Fast withdrawals with PayPal and Venmo
- Reliable app with quick loading and stable live betting
- Some prop markets can be buried under extra clicks
FanDuel holds a commanding position in the US sports betting market, and New York is one of its strongest states. The operator grew out of daily fantasy sports and has translated that data-driven approach into one of the most polished sportsbook experiences available. The app is consistently rated among the best in the market - fast, intuitive, and reliable on game days when traffic spikes. FanDuel covers every major US league as well as international soccer, tennis, golf, and more, with a particularly strong offering in Same Game Parlays and live betting markets.
The welcome offer runs across your first five days as a customer. Deposit $5 or more, place one qualifying wager of at least $5 each day, and you earn one Bet Reset Token per qualifying day. Each token can be applied to any eligible wager of between $1 and $200. If that wager loses, your stake is refunded as bonus bets up to $200 per token. Over five qualifying days that adds up to a potential $1,000 in coverage. No promo code is needed at sign-up.
The structure requires careful reading. Tokens expire 24 hours after they are issued, so you need to use each one on the day you earn it. Bonus bets that result from a lost token-eligible wager then have a separate 7-day expiry. Crucially, if the wager you apply a token to wins, no refund is triggered - the token's protection only kicks in on a loss. Winning wagers pay out normally in cash, which is a fair trade-off.
FanDuel's existing-player promotions are varied and frequent. No Sweat Same Game Parlay tokens, Same Game Parlay Insurance, and daily odds boosts run throughout the week. The referral bonus rewards you with bonus bets when a friend you refer signs up and places their first qualifying wager. FanDuel Faceoff free-to-play games add another low-risk way to stay engaged without additional spend.
| Welcome bonus | Bet $5 Get $200 in Bet Reset Tokens for 5 Days (up to $1,000) |
| Promo code | None required |
| Minimum deposit | $5 |
| Wagering / play-through | 1x (single-use bonus bets) |
| Minimum odds | No minimum on daily qualifying wager |
| Expiry | Tokens expire 24 hours after issuance; resulting bonus bets expire 7 days |
| Available in New York? | Yes |
DraftKings
- Legal in 26 US states
- Long A-Z list of sports markets
- Awesome promos
- Limited list of legal states
Daily fantasy sports was DraftKings' starting point, and that heritage shows in how the sportsbook approaches its product. The operator has built a genuinely comprehensive betting experience around US leagues - NFL, NBA, MLB, NHL, college football, college basketball - while also covering international markets including soccer, tennis, and MMA. Live betting is a particular strength, with a large in-play market selection and Profit Boost tokens that apply on winning live wagers. The Dynasty Rewards loyalty program runs across both the sportsbook and DraftKings Casino where applicable, and the app is well regarded for its speed under high traffic loads.
Spend $5 or more on your first wager as a new customer and DraftKings credits $150 in bonus bets regardless of the result - win or lose. That guaranteed structure is one of the cleanest in the New York market right now. The minimum deposit is $5, no promo code is required, and the bonus bets are credited after the qualifying bet settles. Note that the $150 arrives in multiple tranches rather than as a single lump sum, typically as $50 increments over several days.
Each tranche of bonus bets is single-use and carries a 7-day expiry from the point of credit. Because the tranches arrive on different days, track each one independently so you do not let any expire unused. As with all US sports betting bonus bets, the stake is not returned when a bonus bet wins - a $50 bonus bet at +200 returns $100 in cash profit, not $150. There is no minimum odds requirement on either the qualifying bet or the bonus bets themselves.
DraftKings keeps a busy promotional calendar for existing players. Same Game Parlay Insurance, No Sweat SGP, and weekly parlay reload bonuses run throughout the season. Daily odds boosts and Profit Boost tokens appear regularly, and the Dynasty Rewards program accumulates points across your wagering activity, redeemable for bonus bets and other rewards.
| Welcome bonus | Spend $5+ Get $150 in Bonus Bets |
| Promo code | None required |
| Minimum deposit | $5 |
| Wagering / play-through | 1x (single-use bonus bets) |
| Minimum odds | No minimum |
| Expiry | 7 days after each tranche is credited |
| Available in New York? | Yes |
New DraftKings Customers: Spend $5+ Get $150 in Bonus Bets *Paid Within 14 Days
Fanatics
- Available in over 20 US states
- Welcome bonus available
- Redeemable loyalty currency
- Mobile-focused sportsbook
Fanatics entered the licensed US sportsbook market with a clear differentiator: its parent company is the dominant retailer of officially licensed sports merchandise in North America. That connection shapes the FanCash rewards system, where points earned through betting can be spent on sportsbook wagers or Fanatics.com merchandise - a loyalty angle no other sportsbook in New York can replicate. The sportsbook itself is a capable, modern product covering US leagues, international soccer, and other major sports, with Same Game Parlays and daily odds boosts available alongside standard markets.
The welcome offer spreads value across ten days rather than delivering it all at once. Place a qualifying wager of at least $1 each day for 10 days, at odds of -200 or longer, and Fanatics matches your stake in FanCash up to $100 per day. Win or lose, the FanCash arrives regardless of the outcome. Over the full 10-day window, that is a potential $1,000 in FanCash - the largest headline figure among the New York operators covered here. The minimum deposit is $10.
FanCash earned through this welcome bonus can be redeemed for bonus bets on the sportsbook or spent on Fanatics merchandise. Note that the FanCash figure does not include any winnings from your qualifying wager - it is a match of the stake only. Each day's FanCash expires 7 days after it is credited, so do not let days accumulate without using earlier credits. The odds requirement of -200 or longer means heavy favourites at -210, -300, or shorter do not qualify - plan your daily bets accordingly.
Fanatics' ongoing promotions include daily odds boosts, No Sweat SGP, and free-to-play games in the FanZone. The FanCash Rewards program is the centrepiece for long-term value: every qualifying bet earns FanCash that can be applied to future wagers or merchandise purchases, making this a particularly appealing sportsbook for bettors who are already Fanatics customers.
| Welcome bonus | 10 x $100 Bet Match in FanCash (up to $1,000 over 10 days) |
| Promo code | None required |
| Minimum deposit | $10 |
| Wagering / play-through | 1x (single-use FanCash / bonus bets) |
| Minimum odds | -200 or longer (e.g. -150, +100 qualify; -300 does not) |
| Expiry | 7 days after each day's FanCash is credited |
| Available in New York? | Yes |
How to claim a sports betting bonus in New York
The claiming process is broadly the same across licensed New York sportsbooks, though specific deposit minimums and qualifying bet requirements differ by operator. Check the mini reviews above for the details that apply to each site before you start.
- Confirm eligibility: You must be physically located in New York state and be at least 21 years old. Online sportsbooks use geolocation technology to verify your location at the time of registration.
- Choose a sportsbook: Compare the welcome offers in the ranked table above. Consider the bonus structure, minimum deposit, and any odds requirements that apply to the qualifying bet - not just the headline figure.
- Create a new account: Download the app or visit the sportsbook's site. Enter your name, date of birth, email address, and last four digits of your Social Security Number to open the account.
- Verify your identity (KYC): Licensed US sportsbooks are required to verify your identity before you can deposit or withdraw. This typically involves uploading a photo ID such as a driver's license or passport.
- Enter a promo code if required: None of the operators featured here require a promo code at this time, but check the mini review for your chosen sportsbook before completing registration in case terms have changed.
- Make your first deposit: Fund your account using a payment method accepted by the sportsbook - debit card, PayPal, online banking, and prepaid card are common options. Meet the minimum deposit for the offer you want to claim.
- Place your qualifying bet: Wager at or above the minimum stake required, meeting any odds conditions, within the time window specified. Bonus bets or FanCash will be credited after the qualifying bet settles, subject to the terms in the mini review.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
+9
- 20+ sports available for wagering
- Pre-match and in-play betting
- Unique features like live streaming and boosted odds
Bet $10 Get $150 in Bonus Bets
Find out more on bet365's website
- Over 20 sports
- Extensive betting markets
- Live betting feature
New Users – Bet $5 Get $200 in Bet Reset Tokens for 5 Days
+6
- Deep market coverage across major U.S. sports and leagues
- Same Game Parlay builder is fast and easy to use
- Live betting interface updates quickly with real-time odds
New DraftKings Customers: Spend $5+ Get $150 in Bonus Bets *Paid Within 14 Days
+7
- Bet on 40+ different sports
- Dynamic odds on live, in-play fixtures
- Deposit and bet $5 to receive up to $300 in bonus bets
10 x $100 bet match in FanCash
+3
- 15+ sports categories
- An extensive range of betting markets
- Supports in-play betting and live streaming
Types of sports betting bonuses in New York
Understanding how each bonus mechanic works helps you choose the right offer and use it effectively. The categories below cover both the welcome offers you saw in the ranked table and the ongoing promotions you will encounter as an existing player - because many of the same structures appear in both contexts. For a broader look at sports betting bonuses across all legal US states, the linked hub covers every active market.
Bet and get
You place a qualifying wager and, once it settles, the sportsbook credits a fixed amount of bonus bets - the outcome of the qualifying bet may or may not matter depending on the specific offer. Example: bet $10 on the Giants +3 against the Eagles. Regardless of the result (in some offers), $150 in bonus bets is credited to your account within 24 hours of the game ending.
Bet reset tokens
Each qualifying day earns you a token that protects one specific wager. If the wager loses, the stake is refunded as bonus bets up to the token's cap. Winning wagers pay out normally in cash and the token is simply consumed. Example: you earn a token on day two of your welcome period and apply it to a $150 bet on the Knicks at -130. The Knicks lose. Your $150 stake is refunded as bonus bets. Had they won, you'd keep the cash profit and the token would not trigger a refund.
Daily bet match
For a specified number of days, your qualifying daily wager is matched dollar-for-dollar in bonus credit up to a daily cap - win or lose. Example: over 10 days you stake $75 each day on qualifying markets at -200 or longer odds. Each day's $75 stake is matched in FanCash, giving you up to $750 in FanCash over the full window, entirely independent of whether any of those wagers win.
Bonus bets (free bets)
Non-cash credits that can be placed on eligible markets. If the bonus bet wins, you receive the cash profit but not the original stake back. Example: a $50 bonus bet placed at +180 on the Rangers to win. If the Rangers win, you collect $90 in cash profit. The $50 stake itself does not come back, so your net gain is $90, not $140.
Odds boosts and enhanced odds
The sportsbook temporarily increases the payout on a selected market beyond its standard price. These appear as both standalone promotions and as components of larger same game parlay boosts. Example: Buffalo Bills to win a divisional game is priced at -140 in the standard market. An enhanced odds promotion temporarily prices the same bet at +100. Same wager, meaningfully better return if it lands.
Parlay and same game parlay insurance
If a multi-leg parlay falls short by exactly one leg, the stake is refunded as a bonus bet. This is one of the most common existing-player promotions in US sports betting. Example: you build a four-leg NFL Sunday parlay for $30. Three legs cash but the fourth loses by a late touchdown. Instead of losing the $30, you receive a $30 bonus bet refund.
Profit boost tokens
An existing-player credit that inflates the payout on a winning bet by a set percentage above the standard return. The boost applies to profit only, not the stake. Example: you hold a 30% profit boost and apply it to a $40 bet at +150. Standard profit would be $60. With the boost, you receive $78 in profit instead - an extra $18 for the same risk.
Loyalty and rewards programs
Points-based schemes that accumulate over time based on your betting volume, independent of results. Points convert to bonus bets, merchandise credits, or experiential rewards depending on the operator. Example: a sportsbook awards one reward point per $10 wagered. After 500 wagers of $10 each, you have 500 points redeemable for bonus bets or applied to a loyalty tier that unlocks additional promotions.
Referral bonuses
When you refer a new customer who then completes a qualifying wager, both parties typically receive bonus bets. The referral bonus rewards you for growing the sportsbook's user base. Example: a friend signs up using your referral link and places their first $10+ bet. You both receive $50 in bonus bets credited within 48 hours of the qualifying wager settling.
Reload bonuses
An ongoing deposit-match promotion for existing players, usually capped weekly or monthly. Unlike a welcome offer, these are available repeatedly - but at lower match percentages. Example: a sportsbook runs a 20% weekly reload up to $50. Deposit $200 on a Sunday and receive $40 in bonus bets credited that day, subject to any minimum odds requirement on how the bonus must be wagered.
Common terms and conditions of sports betting bonuses
The gap between a bonus's headline number and its actual value almost always lives in the fine print. A $1,000 offer with restrictive terms can deliver less usable value than a simpler $150 offer with clean conditions. The table below covers the key terms you will encounter at New York sportsbooks.
| Term | What it means | Typical value at New York sportsbooks |
|---|---|---|
| Wagering / rollover | How many times bonus funds must be wagered before any resulting winnings become withdrawable. | 1x on bonus bets (single-use) is the standard across US sports betting welcome offers |
| Minimum odds | The shortest odds accepted on a qualifying wager or bonus bet. | Ranges from no requirement to -200 or -500 or longer depending on the operator; check each mini review |
| Expiry / time limit | How long bonus bets remain usable before they are automatically forfeited. | 7 days after credit is the most common; token-based offers may have shorter 24-hour windows |
| Promo code | A code entered at sign-up to activate the welcome offer. | None required at the operators featured on this page; confirm in the mini review before registering |
| Eligible markets | Which sports, event types, or bet structures the offer applies to. | Single-game wagers on major US leagues typically qualify; same-game parlays may be excluded from qualifying bets |
| Maximum win cap | An upper limit on the cash winnings you can collect from a bonus bet. | Not common on standard bet-and-get or guaranteed bonus offers; more likely on token or promo-specific credits |
| Stake return | Whether the bonus bet stake itself is returned alongside any winnings. | No - industry standard in the US is that bonus bet stakes are not returned. A $100 bonus bet at +200 yields $200 cash profit only, not $300 |
| New-customer only | Welcome offers are restricted to first-time account holders at that sportsbook. | One account per person and one per household; creating multiple accounts to claim the same offer is against every licensed operator's terms |
Two terms deserve particular attention. Expiry windows are unforgiving - bonus bets that sit unused past their deadline are gone, with no extension granted. And because the stake is never returned with a winning bonus bet, the real value of any bonus bet is its potential profit, not its face value. A $50 bonus bet is worth $50 in potential profit, not $50 in spending power equivalent to cash.
Tips to maximize your sports betting bonus in New York
Claiming a bonus is straightforward. Getting genuine value from it takes a little more thought. The advice below applies whether you are weighing a welcome offer or deciding how to use bonus bets you have already received.
Read the qualifying bet conditions before you deposit
Some offers only pay out if your qualifying bet wins; others pay regardless. If an offer is conditional on winning, your choice of qualifying wager matters more than in a guaranteed structure. Check the specific terms in the mini review before you fund your account - not after.
A larger headline number is not always a better offer
A $1,000 spread across 10 days of daily bets involves more commitment than a guaranteed $150 after one wager. Consider which structure fits how you actually bet. If you are unlikely to place a qualifying bet every day for 10 days, a smaller but simpler offer may deliver more real value.
Place bonus bets on longer odds to maximise their value
Because the stake is not returned when a bonus bet wins, longer odds give bonus bets higher expected value than heavy favourites. A $50 bonus bet at +200 profits $100 if it wins. The same $50 bet at -200 profits only $25. Use bonus bets where the potential upside justifies the risk.
Track expiry dates actively
Set a reminder on your phone for each tranche of bonus bets you receive. A $50 bonus bet that expires unused on day seven has zero value. This is especially important with token-based offers where different credits expire on different timelines.
You can sign up at more than one sportsbook
Each welcome offer is tied to a new account at that specific operator. There is nothing stopping you from registering at multiple licensed New York sportsbooks and claiming each welcome offer in turn, provided you meet the terms for each one separately.
Use sportsbook promo codes pages to check for updated offers
Welcome bonuses and existing-player promos change regularly. Checking a dedicated sportsbook promo codes page before you sign up helps ensure you are claiming the most current version of an offer rather than a lapsed one.
Are sports betting bonuses in New York taxable?
Yes. Under US federal tax law, gambling winnings are taxable income - and that includes winnings derived from bonus bets, not just cash wagers. If a $50 bonus bet returns $150 in profit, that $150 is taxable. A sportsbook may issue a W-2G form for wins above the federal reporting threshold (currently $600 and at least 300 times the stake for most bet types), but you are responsible for reporting all gambling winnings on your federal return whether or not you receive a form. New York state also taxes gambling winnings as ordinary income at the applicable state rate.
Keep records of your wagers and winnings throughout the year - a simple spreadsheet noting dates, amounts, and outcomes makes tax time far simpler. Your ability to deduct gambling losses depends on whether you itemise deductions, and there are specific rules around how losses may offset winnings. This guide is not tax advice; consult a qualified tax professional for guidance on your personal situation.
Other US state sports betting bonus pages
If you are curious how New York's current offers compare to those available in other states, or if you place bets while travelling, betting.net has state-by-state bonus guides covering every legal US sports betting market. The table below links to each active state page.
Final thoughts
BetMGM and FanDuel sit at the top of this ranked list for different reasons. BetMGM's Bet $10, Get $150 offer is simple and the iRewards loyalty program adds long-term value that extends beyond the sportsbook. FanDuel's Bet Reset Token structure offers the most generous loss protection across five days, with up to $1,000 in coverage for bettors who engage daily. DraftKings' guaranteed $150 after a $5 wager is the lowest-friction entry point here. Fanatics suits patient bettors willing to commit to a daily qualifying wager for 10 days in exchange for the highest potential headline figure.
Ultimately, the right offer depends on how you bet - not just which number looks biggest. If you rarely place a bet more than once or twice a week, a 10-day daily match structure will not deliver its full value. Weigh the structure, the odds requirements, and the expiry windows against your real betting habits before committing. Every sportsbook covered here is fully licensed in New York and worth a look; the differences are in the details.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
+9
- 20+ sports available for wagering
- Pre-match and in-play betting
- Unique features like live streaming and boosted odds
Bet $10 Get $150 in Bonus Bets
Find out more on bet365's website
- Over 20 sports
- Extensive betting markets
- Live betting feature
New Users – Bet $5 Get $200 in Bet Reset Tokens for 5 Days
+6
- Deep market coverage across major U.S. sports and leagues
- Same Game Parlay builder is fast and easy to use
- Live betting interface updates quickly with real-time odds
FAQs
What is the best sports betting welcome bonus in New York right now?
That depends on your betting style. BetMGM's Bet $10, Get $150 is the simplest offer and pays out if your qualifying bet wins. FanDuel's Bet Reset Tokens offer up to $1,000 in loss protection across five days. DraftKings guarantees $150 after a $5 wager regardless of the result. Fanatics offers up to $1,000 over 10 days for bettors willing to place a daily qualifying wager. Compare the structures in the mini reviews above before deciding.
Do I need a promo code to claim a bonus at a New York sportsbook?
None of the operators featured on this page currently require a promo code. BetMGM, FanDuel, DraftKings, and Fanatics all activate their welcome offers through the standard sign-up and first deposit flow. However, promo code requirements can change, so check the relevant mini review before completing registration.
Can I claim more than one welcome bonus in New York?
Yes. Each welcome offer is specific to a new account at that sportsbook. You can register at multiple licensed New York operators and claim each of their welcome offers, as long as you meet the individual terms for each one. You cannot claim the same sportsbook's welcome offer more than once.
What are wagering requirements and how do they work in sports betting?
A wagering requirement - sometimes called a rollover - is the number of times you must bet bonus funds before any resulting winnings can be withdrawn. In US sports betting, 1x is the standard, meaning you use each bonus bet once and whatever cash you win is immediately withdrawable. This is far more player-friendly than the high rollover requirements common in online casino bonuses.
Do bonus bet winnings include the stake?
No. When a bonus bet wins, only the cash profit is returned to your account - not the original bonus bet stake. If you place a $50 bonus bet at +200 and it wins, you receive $100 in cash profit. The $50 stake is not returned alongside it. Factor this in when deciding which markets to target with your bonus bets.
Are sports betting bonuses in New York taxable?
Yes. Winnings from bonus bets are treated as gambling income under US federal tax law and are subject to taxation. New York state also taxes gambling winnings. You are responsible for reporting all gambling income on your returns, regardless of whether the sportsbook issues a W-2G form. Speak with a tax professional for advice specific to your situation.
What happens if my qualifying bet is voided?
If your qualifying bet is voided - for example, because a game is cancelled or postponed - the stake is typically returned to your account as cash but the qualifying bet is not counted. You would need to place a new qualifying wager to trigger the welcome offer. Check the specific operator's terms for how they handle void bets, as the approach can vary.
