Let’s discuss the bonuses offered by some of the best bonus operators in New York. We also explore the different types of bonuses and what you should be looking at when considering them and what you need to do to lock in any bonus funds offered to you.
Using New York sports betting bonuses
Most sportsbooks offer bonuses, but these funds are only as useful as the site offering them. Take the time to look at a bonus platform thoroughly to ensure it fits you.
Because bonuses are one of the best ways to get extra funds for betting, you should learn early on how they work and what you need to do to hold onto those funds. Most bonuses are straightforward, but there are key differences you should be aware of. Understanding what is waiting in the small print can prevent accidental losses of sports betting bonuses.
An extensive list of bonuses for NY
Our top list contains the best bonuses offered by bonus operators in the state. So take look and choose the one that suits you the best. So many different bonus options are listed, where you can get them, how to receive, and what to think of.
Top NY sports betting bonuses 2024
NY sports betting bonus: All sites are 100% legal & licensed by the state.
| Company | Bonus | Pros | Visit |
 | DraftKings Sportsbook Bet $5, get $150 in bonus bets |
| Bet now DraftKings NY promo code |
 | BetRivers Sportsbook 2nd Chance Bet up to $100 |
| Bet now BetRivers NY promo code |
 | Caesars Sportsbook Up to $1,250 bonus |
| Bet now Caesars NY promo code |
 | FanDuel Sportsbook No Sweat First Bet Up To $1,000 |
| Bet now FanDuel NY promo code |
 | BetMGM Sportsbook Best odds |
| Bet now BetMGM NY bonus code |
 | WynnBET Sportsbook Bet $100, get $5 in bet credits |
| Bet now WynnBET NY promo code |
Best sportsbook bonuses in New York
The operators below have great welcome bonuses and consistently offer ways to boost your winnings. Not only this, but they have fantastic reputations for keeping odds competitive and handling funds responsibly.
We believe that any bettor can benefit from an account with them, but you should always do your research to determine which ones are a good fit for you.
BetMGM betting bonuses
The first BetMGM NY bonus to note is a $1,000 risk-free bet. The sports betting site keeps bonuses on the calendar regularly, including:
- Risk-free
- Bonuses on boosted lines
- Free
The free bets offered by BetMGM might be small, but they usually apply to popular sports at the time.
DraftKings sports betting bonuses
DraftKings NY offers new bettors a 20 percent bonus match on deposits, limited to $1,000. You can also get an extra $50 when you deposit a minimum of $5. They focuses more on contests and tournaments to boost your funds, but loyal customers are likely to see a consistent flow of bonuses.
FanDuel bonuses
The FanDuel New York welcome bonus gives new customers a 20 percent deposit match up to $1,000. FanDuel offers bets on most popular sports, focusing on major events. So if you want to boost your winnings on championships, taking a look here might be fruitful.
Caesars Sportsbook bonus
The welcome bonus offered by Caesars Sportsbook NY is sizable: a $5,000 bet. Caesars rotates through other bonuses regularly, including boosted offers, gifts for holidays, and plenty of opportunities surrounding major events.
Types of New York sports betting bonuses
It should not be a surprise that NY online sportsbooks do not just give away bonuses without gaining anything from them. While you can come out on top, most sites offer them to:
- Help the provider stand out above the competition
- Reward loyalty on the site
- Encourage activity in certain areas of the site
Different types of bonuses for NY betting
Bonuses might start by offering you free funds, but they always increase betting or funding. More New York sports betting promos are offered as well.
This does not mean that you should not take part in bonus offers, but when you understand the motivation, you can look at the situation surrounding the bonus. For example, a welcome bonus might help a platform look better than the competition, but it should not negate an overall negative reputation.
Risk-free
New customers generally offer risk-free bets, but you may see them around major events and riskier wagers.
They are called risk-free bets because you come out the wager winning or breaking even. You start by funding your account and using those funds to place a bet within the bonus parameters.
If you win this bet, then you are free to use the winnings as you please.
If you lose this bet then the operator provides site credit in the amount of your wager up to the limit they set. You will not withdraw these funds until you meet additional rollover requirements, but you can still use them for betting on the site.
Free bet
Operators are not as likely to offer free bets, and when they do they are much smaller than other bonuses. So you may see them as a reward for referrals, but some of them offer regular ones for certain events (e.g. a $10 weekly free bet for football).
You might need to deposit to unlock a bonus of this kind, but you will not need to use those funds to place the bet. Instead, the platform provides you with credit to cover the wager. This might be as small as $10, but anything you make off the bet is yours to keep as long as you keep up with the terms.
They do not require anything from you if you lose the bet.
No deposit
A no deposit bonus is a variation of a free bet that does not require you to deposit to your account to receive site credit. These bonuses tend to have more narrow applications, so you may only be able to use them on specific:
- Events
- Markets
- Lines
Because there is little risk on your part, taking advantage of no deposit bonuses can be an easy chance for free money. Even so, make sure you are properly handicapping to get the most out of this bonus.
Deposit match
Another popular bonus with New York operators is a deposit match bonus. Again, these have less to do with placing wagers and more to do with funding your sports betting account.
Expect the same process, whether you are using a deposit match welcome bonus or a reload bonus.
In these situations, the platform will match a certain percentage of what you load into your account up to a certain amount. Welcome bonuses tend to have a higher percentage and a higher maximum, while reload bonuses lower both of these.
A bonus sportsbook might tag a rollover requirement to the funds they offer in the match.
Considerations with New York sports betting bonuses
Anytime you start looking into a provider you need to verify the safety of the site. Having proper antivirus software will protect you from malicious sites and software, but these are not your only concerns.
Check into the history and reviews of a the brand before letting sizable bonuses win you over. Of course, you want a mostly positive response, but a few negative reviews are to be expected.
Pay attention to how the brand handles the release of bonus funds. One of the main complaints against operators is stinginess, and some are more reluctant to part with bonuses than others.
How easily you can cover the terms and conditions of the sports betting bonus
Bonuses are worth nothing if you cannot cover the terms and conditions. Before you commit to the bonus, make sure you:
- Are prepared (or interested) to bet on the specified markets, likes, or events
- Have the time and funds to complete rollover requirements
- Can meet the minimum requirements on deposits or wager
- Understand where the bonus maxes out
Pay special attention to the playthrough requirement on these bonus funds. This requirement, also known as a rollover requirement, specifies the number of times that you need to play through the additional funds before you can withdraw them.
This means that the bonus and any subsequent winnings are considered site credit until you meet this requirement, but most of them payout by the dollar. So, for example, a 15x requirement will unlock $1 for every $15 you wager after obtaining the bonus.
The true cost of the NY sports betting bonus
Calculating the true cost of a NY sports betting bonus is not hard, but it does require some critical thinking. This is the net amount you pay to cover the bet and any potential playthrough requirements.
Using the example from before, you have an offer for a $1,000 bet. The initial net is $0 because you either win and have no requirement or receive a bonus in the amount you lost. However, with a rollover requirement of 15x, the true cost turns into $15,000 to unlock the full $1,000.
This does not mean you need to have $15,000 extra to wager, but you should anticipate betting that amount before the bonus expires to ensure you obtain its full potential. Of course, you can always opt for a smaller amount that is easier to obtain.
How to lock in a New York sports betting bonus
A bonus is only valid if you can lock it in, and without doing this you might be wasting your time. Once you have gone through all the considerations and decided that the bonus is a good option for your situation, make sure you follow through and lock it in.
Pay attention to any codes applying to the bonus or any specific ways you activate it. Even if you do not like reading terms and conditions,
Claiming a NY sports betting bonus properly
There are a few ways platforms may have you claim a bonus.
Most have shifted toward automatic redemptions. These bonuses apply as soon as you sign up with the sportsbook, use a provided link, or bet on a specific market, line, or event. You do not need to worry about putting in any codes in these cases.
Pay attention to any bonuses that do require a code. Most operators make this obvious, and the code is usually entered when you sign up, during the deposit process, or on the bet slip.
Meeting the terms and conditions of sports betting bonuses
It cannot be said enough: make sure you read the terms and conditions for a bonus. Failing to do this can cause you to lose out on hundreds of dollars, and you can lose the opportunity for that bonus.
Remember that welcome bonuses usually only apply to your first deposit or bet, so you need to make those count in terms of volume.
Beyond this, pay attention to terms that dictate:
- Which areas of the site are included in the bonus
- Minimum and maximums for wagers, deposits, and even odds
- Deadlines or expiration dates
Failing to take note of these details is the easiest way to let the extra funds slip right through your fingers.
FAQs NY betting bonuses
What happens if the terms of the New York sports betting bonus terms are violated?
If you violate the terms of the sports betting bonus (e.g. fail to meet the minimum threshold for a deposit bonus), you will not receive the bonus funds. If you want to pursue the case, you can contact the customer service team. However, most representatives will not be able to reverse the situation, so pay attention to the small print.
Can I forfeit a betting bonus in New York?
If you do not want to deal with the rollover requirements attached to bonus winnings, you can forfeit the bonus. If this type of bonus applies automatically, contact the customer service team to have them remove it from your account before making a deposit or placing a bet.
Is NY betting bonuses a good way to earn more money in the long term?
Learning how to use sports betting bonuses will give you a better chance at earning in the long term. These bonuses may not seem like much on a bet-to-bet basis, but when you look at your extended winnings you will notice a big difference. Make sure you are only using bonuses on lines you are prepared to bet and win on.
What is the minimum age for claiming betting bonuses in New York?
New York requires bettors to be at least 21 years old, and sportsbooks usually will not allow you to sign up if you are any younger.
How can I avoid bonus abuse in New York?
Bonus abuse occurs when you create multiple accounts with an operator and claim the same bonus, usually the welcome bonus, with each account. Most of them will prevent you from doing this automatically by keeping track of your I.P. address and identity, so as long as you are not assuming an alternate identity you should be clear.