BetMGM leads on raw dollar value with up to $1,500 in bonus bets back on a losing first wager. DraftKings counters with up to $200 in bonus bets plus a recurring weekly credit offer. Here is how every major sportsbook app welcome offer stacks up right now.
What Welcome Bonus Formats Are Available at the Best Sportsbook Apps?
The dominant format in 2026 is "bet and get" — a fixed bonus issued as soon as a qualifying wager settles, win or lose. A smaller number of books still use loss-back structures, where bonus bets are only issued if the first bet loses. Know which format you are looking at before you deposit.
Bonus bets and site credit are not the same thing. Bonus bets must typically be used all at once; site credit can be split across multiple wagers. Neither can be withdrawn directly — only net winnings above the bonus stake are eligible for cashout.
How Do the Top Sportsbook App Promo Codes Compare?
| Sportsbook App | Welcome Offer | Offer Format | Minimum Deposit / Wager | Rollover Range |
|---|---|---|---|---|
| BetMGM | Up to $1,500 in bonus bets back | Loss-back bonus bets | First bet must lose to trigger | 5x–25x (verify current terms) |
| DraftKings | Up to $200 in bonus bets; $5 first bet required | Bet and get | $5 minimum wager | 5x–25x (verify current terms) |
| FanDuel | Offer tied to placing a $5 wager for 7 consecutive days | Activity-based | $5 deposit + $5 wager per day | 5x–25x (verify current terms) |
Rollover requirements across US licensed sportsbooks range from 5x to 25x. That spread matters enormously. At 5x, a $200 bonus requires $1,000 in total wagers before winnings are withdrawable. At 25x, the same bonus demands $5,000. Always read the full terms before opting in. The sportsbook app bonus terms guide covering rollover, expiry, and bet-vs-credit rules walks through exactly how to calculate your real exposure.
What Fine Print Should Bettors Watch For?
Minimum odds restrictions are common. Many books void bonus-bet eligibility if the wager is placed on odds shorter than a stated threshold (for example, -200 or -300). Check the eligible markets list — some promos exclude parlays or live betting entirely.
Expiry is the other hidden trap. If wagering requirements are not completed within the operator's specified window, the bonus is forfeited with no recourse. Most books do not issue extensions. Treat the clock as a hard deadline from the moment the bonus lands in your account.
One welcome bonus per household, IP address, or device is standard. Attempting to claim multiple offers through different accounts can result in suspension and forfeiture of funds.
Which Apps Offer the Strongest Ongoing Promos?
DraftKings offers $50 in bonus bets every seven days via a click-to-claim mechanic for 21 days following the initial welcome period. That ongoing structure has appeal for bettors who stay active. Fanatics Sportsbook draws attention for loyalty rewards integration, which converts betting activity into points spendable across its wider retail ecosystem.
For a full breakdown of BetMGM's app ratings (iOS 4.6, Android 4.4) alongside its bonus structure, see the BetMGM Sportsbook app review covering the $1,500 bonus bets offer and app ratings. DraftKings bettors can find market depth and bonus mechanics dissected in the DraftKings Sportsbook app review covering markets, bonus bets, and app score.
Does Betting Age Affect Which Promos Are Accessible?
Yes. Most states require bettors to be 21+. Seven states allow wagering at 18. Washington D.C. permits 18+ wagering with licensed operators including FanDuel. Age and eligibility are determined by the state where the bettor is physically located — not their home state. Review the legal betting age by state page to confirm which apps are accessible at 18 or 21 before attempting to claim any offer.
Must be 21+ (18+ in select states). If gambling is becoming a problem, call 1-800-GAMBLER.
Payment method also affects the bonus experience. Some deposit methods cannot be used for withdrawals, which can complicate accessing bonus-derived winnings. The sportsbook app payment methods comparison covering deposits and payout speeds covers which methods work end-to-end. For bettors evaluating Caesars or bet365 alongside the above, the BetMGM vs Caesars app comparison on bonus size, banking, and vig offers a direct side-by-side view.