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.
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.
DraftKings New York Bonus Offer: Bet $5, Get $150 Free
One of our top-rated New York sportsbook bonus offers for January belongs to DraftKings. New users that register using our current bonus code of 200BV1 will get $200 in free bets after making a $5 bet if their team wins.
This promotion has a $5 minimum deposit and only applies to your first wager, so be sure to follow each of these steps to lock in your free bets:
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 $5 deposit and $5 bet.
DraftKings will give you $150 in free bets if your team wins.
Enjoy your expanded bankroll!
Why is the current DraftKings 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 DraftKings Offer
The $5 minimum deposit required to receive the bonus is much more accessible to players that don't want to make a large deposit.
The $150 in free bets is slightly better than FanDuel's No Sweat Bet.
This is the highest Bet-Get offer in the state.
Cons for the DraftKings Offer
Both PointsBet and Caesars offer larger overall bonuses.
Caesars NY Offer: First Bet on Caesars Up to $1,250
The Caesars Sportsbook bonus offer available in New York is one of the more unique first bet offers available in the US sports betting market. New players that register using the promo code BVFULL will receive a first bet on Caesars up to $1,250. If your first bet fails, Caesars will refund the entire bet by giving you a free bet back of an 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 January. 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:
Visit Caesars Sportsbook and register using the promo code BVFULL.
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 $1,250 cap, this is one of the largest promotions available in New York.
The total bonus is 6x+ higher than what BetRivers is offering.
Get Free Bets if your first bet loses.
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 is similar to what rival DraftKings is currently offering for the 2022 NFL season. Bettors that sign up for this FanDuel offer will receive a No Sweat First Bet of up to $1000!
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 free bets.
Pros for the FanDuel Offer
A No Sweat Bet can instantly fatten your bankroll.
Great way to get involved in the NFL season!
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 to 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 of 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 Second Chance Free Bet
BetRivers may not be as popular as DraftKings or FanDuel but they're still a fantastic option for NY sports bettors. Their app lags significantly behind those available with the other three sportsbooks, and their $100 second chance bet leaves much to be desired.
Nevertheless, as far as bonus offers are concerned, 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 lose your first bet, you will receive a free bet to cover the loss.
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 $100 second chance free bet, your first bet will need to lose.
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 January. 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 $200 in free bets.
Consider signing up with multiple sportsbooks if your bankroll will allow it. 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 DraftKings 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 January, we recommend signing up for accounts with FanDuel and DraftKings. They are both offering solid promos to all new customers! When combining these offers, folks can get a ton of bonus funds to kickstart their sports betting careers.
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 often do you update your offer rankings?
Our staff keeps a close watch on each bonus offer in the sports betting industry. We update this table whenever a new bonus offer comes in. This could range as often as weekly to monthly.
Can I withdraw a sportsbook bonus?
No, at least not right away. Each sportsbook requires you to play through your bonus dollars a certain number of times before they will process any withdrawal requests.
Browse Offers in Other States
How do the sportsbook promotions available in New York stack up to those across the country? Browse the best bonus offers for every state with legal sports betting below. We keep each of these pages updated daily to ensure bettors can always find the latest and greatest promotions available in their state.
