New York's online sportsbooks took just under $2 billion in total wagers in the first month of legal betting. The state, long known as the sports capital of the world, set the record for the largest month of betting in its first month of operation.
The early success of NY sports betting is in large part due to the generous bonus offers available at each of the state's major betting apps. Track the best NY sports betting bonus offers from the top apps in the industry using the table found below.
Sportsbook
New York Offer
Bonus Code
NEW 100% Deposit Bonus Up to $1,000 Free on Signup
Important Details for Every NY Sports Betting Bonus Offer
Among the requirements set by the New York Gaming Commission for sportsbook operators were clear terms and conditions for every promotional offer. As a result, each of the four promotions that are available in New York is extremely straightforward, free of rollover requirements, and are easy to use.
Included in the details are the steps required to receive your bonus, how the bonus is paid, and a breakdown of who is eligible. We also list the pros and cons for each promotion below the details for the offer.
BetMGM New York Bonus Offer: Bet $1,000 Risk Free
One of our top-rated New York sportsbook bonus offers for the 2022 MLB season belongs to BetMGM. New users that register using our current BetMGM bonus code will receive $1,000 in risk free bets.
This promotion has a $10 minimum deposit and only applies to your first wager, so be sure to follow each of these steps to lock in your risk free bet:
Visit the offer landing page and be sure to review the terms and conditions for the bonus prior to registering.
Register your new account, verify that you are located in New York, and make a minimum $10 deposit.
Place any bet while keeping in mind this is your only chance to bet risk free.
Receive your bet back if it fails to win.
Why is the current BetMGM offer our pick for the best NY sportsbook promotion? There are several reasons this offer stands out above the current welcome bonus offers available in New York. Review the pros and cons of this offer when compared directly to the active promotions at competing sports betting apps:
Pros for the BetMGM Offer
The $10 minimum deposit required to receive the bonus is much more accessible to players that don't want to make a large deposit.
The $1,000 risk free bet is the same offer both FanDuel and DraftKings have available in NY.
With no bet-get offers available in New York, a risk-free bet offers you the max bonus.
Cons for the BetMGM Offer
Both PointsBet and Caesars offer larger risk free bets.
DraftKings NY Offer: $1,000 Deposit Bonus!
While the NBA regular season may be over, the great bonus offers from DraftKings have carried into the MLB season. New players that register using the promo code 1000BV can get up to $1,000 in bonus funds.
This promotion is only available to New York bettors that register using our bonus code, so be sure to follow these three steps to lock in your deposit bonus today:
DraftKings will give you a 20% deposit match that caps at $1,000.
This offer is a no-brainer, as it offers an easy way to pad your betting bankroll. The terms are easy to understand. That being said, it is still important to compare this bonus offer to competing sportsbooks prior to registering.
Here are some of the pros and cons for the current DraftKings offer available in New York:
Pros for the DraftKings Offer
Low-risk with a $10 minimum deposit and $5 minimum wager.
$1,000 cap is very lucrative
Cons for the DraftKings Offer
To get the max bonus, you have to deposit $5,000.
Available only for new DraftKings Sportsbook players. You are not eligible if you signed up in another state such as New Jersey.
Caesars NY Offer: 100% Risk-Free First Wager, Up to $1,500
The Caesars Sportsbook bonus offer available in New York is one of the more unique risk-free offers available in the US sports betting market. New players that register using the promo code BVCZR will receive an insured bet of up to $1,500. If your first bet fails, Caesars will refund the entire bet by giving you a free bet back of equal amount. The refund will need to be bet once in the app before you can withdraw the funds.
As if that wasn't enough, Caesars is offering odds boost opportunities across every sport on their app this June. These wagers cap at $25 as the odds for these wagers have been drastically improved.
Follow these four steps to lock in this Caesars welcome package in New York today:
Make an initial deposit of the amount of your choosing. Keep in mind your maximum insured bet is equal to this amount and your initial deposit must be at least $50.
Place any wager in the app, and if it loses get the bet back.
*Note that your total bonus needs to be wagered at least once before you can withdraw anything you win.
Pros for the Caesars Offer
With a $1,500 cap, this is one of the largest promotions available in New York.
The total bonus is 4x+ higher than what BetRivers is offering.
The odds boost leg of this offer is an additional $75 free.
Cons for the Caesars Offer
With a $50 minimum deposit, this offer has the highest cost initial cost.
In terms of technology, Caesars trails PointsBet, FanDuel and DraftKings.
FanDuel's initial bonus offer in New York was similar to what rival DraftKings is currently offering, but that promotion expired after the 2022 Super Bowl and they have moved to a standard Bet-Get offer for the NBA Finals. Bettors that sign up for this FanDuel offer will receive $200 in Free Bets just for making their first $5 wager on the NBA Finals!
There is no promo code required to lock in this promotion, simply follow any of the FanDuel links on this page to find the details, terms, and register to receive your risk free bet.
Pros for the FanDuel Offer
Unlike the offer from BetMGM, the FanDuel offer only requires a $5 initial bet instead of $10.
Great way to get involved in the NBA Finals!
There is no rollover requirement applied to any funds you win using your refund.
Cons for the FanDuel Offer
This bonus pays out FanDuel site credit, not actual cash you can withdraw without wagering.
The size of the bonus is much smaller than competitors like PointsBet or Caesars.
The PointsBet bonus offer for New York includes two risk-free wagers. The first can be applied on any fixed-odds wager, such as a standard spread or total bet. The second risk-free bet applies to any points betting wager. The fixed-bet offer caps at $500, while the points betting offer caps at $1,500.
While this promotion is far from the best offer available in New York, it is incentive enough to try what we think is one of the best sportsbooks available in the Empire State. One of our favorite features with this offer is that it allows you to choose how much you deposit, how much you risk, and how much of a bonus you receive.
Pros for the PointsBet Offer
While other sportsbooks are offering one risk-free bet that caps anywhere from $500 - $1,000, PointsBet is offering two risk-free bets with a $2,000 cap.
This promotion lets you try the points betting format risk-free.
There is no minimum play through for your bonus cash. If your bets win, the money is yours to keep. If they lose, you get your money back.
The $500 fixed-odds bet is great, but not many new players are willing to risk $1,500 on a points betting wager, making that leg of the bonus a bit of a gimmick.
BetRivers NY Offer: Get a 100% Deposit Bonus, Up to $250
BetRivers will undoubtedly be the least popular of the four sportsbooks that launch on Saturday. Their app lags significantly behind those available with the other three sportsbooks, and their classic $250 deposit bonus leaves much to be desired.
Nevertheless, as far as deposit bonus offers go, the BetRivers promotion is quite player-friendly. This is in large part due to industry-leading 1x play-through requirements. For new bettors, this means that if you deposit $100, you will receive $100 free, giving you a total account balance of $200. Once you place a total of $200 in bets, the $100 bonus is yours to keep.
Pros for the BetRivers Offer
This offer does not require you to place a specific wager to receive your bonus.
The deposit bonus offer is a tried-and-true way to build a bankroll without risking your deposit.
Cons for the BetRivers Offer
To receive your full $250 bonus, you will need to place $500 in total bets. No other sportsbook is asking you to risk that much money.
For bettors looking to make a small initial deposit, the bonus is hardly worth the effort of creating an account.
Tips for Finding the Best New York Sportsbook Bonus
The launch of legal mobile sports betting in New York is arguably the most anticipated event in US sports betting history. In total, eight sportsbooks will compete for the business of New York's estimated 5 million sports bettors.
With such a competitive market and a large number of operators, New Yorkers have plenty of different bonus offers to choose from this June. Picking the right offer, and the right sportsbook can be a challenge. Here are some quick tips to help you along the way:
Take advantage of pre-registration offers available from each sportsbook. These offers are always in addition to the bonus available once betting is officially live and can include up to $150 in free bets.
If you miss out on pre-registration offers, consider signing up with multiple sportsbooks within the first week of mobile betting in New York. The offers available this week will almost certainly be the best sports betting promotions ever available in the state! Having accounts with more than one sportsbook allows you to shop your bets for the best odds possible.
Test the apps for each sportsbook before registering. Some things to consider include how easy the app is to use, what betting options are available, and how the juice compares to other NY sportsbooks.
Looking at the current offers available from each of the sportsbooks set to launch in New York, the current bonus code offers at PointsBet and BetMGM stand out to us. Find a rundown of why we like each offer and the steps you must follow to receive each promotion when you register.
New York Identifies Winning Mobile Sports Betting Bids
Nine New York State sports betting operators received their licenses Monday at the New York State Gambling Commission's meeting. The bids were scored based on a number of factors to determine which operators would receive the licenses, with a required technical score of at least 60 out of 75.
The two winning bids that reached the required technical score were FanDuel Sportsbook and Kambi Group. It is important to note that each winning bid is allowed to bring up to four brands to market.
FanDuel Sportsbook’s skins that will be available in New York include not only FanDuel, but also Bally Bet, BetMGM, and DraftKings Sportsbook.
Kambi will bring Caesars Sportsbook, PointsBet, Resorts World, and Rush Street Interactive to the state. While Resorts World does not have the online presence that the other 7 skins in New York offer, they do have New York City's only casino.
All of these sportsbooks will be taxed at 51% of their gross sports betting revenue. This is easily the highest amongst all US states to legalize sports betting but is still a win considering that, this time last year, Governor Cuomo was adamant the state lottery would be the only operator in New York.
Who Were the Biggest Losers With NY Mobile Betting Licensing?
Out of the six bids submitted to the commission, four failed. The following four bids failed to reach the required 60 technical scores out of the maximum 75:
bet365
FOX Bet
theScore Bet
Barstool Sportsbook and Fanatics Sportsbook
Out of all these applicants, only bet365 had a high enough score to be considered, but the company failed to showcase that they would indeed increase revenue to the state. While most of the bet365 bid was redacted, we do know they proposed a 50% tax rate, which is clearly 1% lower than the winning bids.
New York Bonus Offers FAQ
Since legal sports betting is still a relatively new concept in New York, people have lots of questions. The following FAQ section was designed to provide some basic info regarding bonus offers in the state.
How do I find the best bonus offers in New York?
Sports betting has grown like wildfire in New York in a very short period of time. To find the best bonus offers in the state, simply visit our Best New York Sportsbooks page and visit it often. Our staff constantly talks with managers at all of the New York sportsbooks to make sure that our readers are getting the best bonus offers available.
What are the best available bonus offers in New York right now?
For New Yorkers in June, we recommend signing up for accounts with FanDuel and DraftKings. They are both offering lucrative Bet-Get promos to all new customers! When combining these offers, folks can get $350 in Free Bets by wagering only $10.
What deposit/withdrawal options are available in New York?
The answer to this question depends on the sportsbook. All of them accept major credit cards and debit cards. Some accept Venmo and even Crypto. Check out each sportsbook's cashier options before signing up.
How do free bets work?
Some sportsbooks give out Free Bets to lure in new customers. Books like BetMGM, DraftKings, and FanDuel are currently offering Free Bets to new clients when they place their first wager of either $5 or $10. This is a fantastic way to build your bankroll with very little risk. Just make sure you use the Free Bets before they expire!
Subscribe to EatWatchBet
Enter your email to receive exclusive offers, weekly picks and game breakdowns, the latest sports betting news and more.
