Best Sportsbook Promos for New Users: Get Over $10K in Bonuses (May 2026)

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Sportsbook promos are a dime a dozen these days, with every major betting site offering attractive sign-up bonuses to lure new customers. However, not all sportsbook new user promos are created equally. Our guide aims to rank the top sportsbook promos for new users and provide details on which one is best suited for each type of sports bettor. Best Sportsbook Promos in May 2026 Bet365* $200 or $1,000 safety net CLAIM → DraftKings $100 instant bonus CLAIM → BetMGM $1,500 back if first bet loses CODE: SFAPLAY CLAIM → FanDuel $150 if your first bet wins CLAIM → Caesars 10x double winnings tokens CODE: SFA20X CLAIM → Fanatics $100 bet match for 10 days CLAIM → Hard Rock Bet $150 if your first bet wins CLAIM → *21+ only. New customers only. Min. $10 deposit and $10 bet required. Bonus paid as non-withdrawable site credit. T&Cs, time limits and exclusions apply. | #Ad Best New User Sportsbook Promos, Ranked For this article, we focused on excellent sportsbooks with attractive promos. Here's how we currently rank them: Bet365: Bet $10, get $200 or $1,000 safety net DraftKings: Bet $5, get $100 instantly BetMGM: Up to $1,500 back if first bet loses FanDuel: Bet $5, get $150 if first bet wins Caesars Sportsbook: 10x double winnings tokens Fanatics Sportsbook: $100 bet match for 10 days straight Hard Rock Bet: Bet $5, get $150 if first bet wins Some people prefer a hefty first-bet safety net offer. Others prefer a standard ‘bet-and-get’ promo. Below, we’ll break down each sportsbook promo individually to help you decide which provides the best value and fit for your betting style. 1. Bet365 – Bet $10, Get $200 or $1,000 Safety Net Sportsbook Promo $200 in BONUS BETS BET $10, GET $200 Or get up to $1,000 back if your first wager loses! CLAIM NOW → 21+ only. New customers only. Min. $10 deposit and $10 bet required. Bonus paid as non-withdrawable site credit. Registration required. T&Cs, time limits and exclusions apply. | #Ad The Bet365 bonus code allows you to pick between two different betting promos. If you prefer to take your bonus bets up front, you can choose the bet $10, get $200 offer. If you want to go big on your first wager with insurance, you can opt for a $1,000 first bet safety net. The standard bet $5, get $200 offer is better than most “bet-and-get” sportsbook promos because the bonus bets are guaranteed regardless of whether your first wager wins or loses. This is a huge leg up on the similar sportsbook bonuses at FanDuel and Hard Rock Bet, which require your first bet to win to receive the promo. PROS Choice of two great welcome offers $200 bonus is guaranteed Bonus bets can be used in any increment Reasonable minimum odds for first bet (-500) CONS Must download the app to qualify for the bonus Minimum deposit of $10 is higher than FanDuel & DraftKings ($5) Key Terms: Can select one welcome bonus Available only through the mobile app Valid only for your first Bet365 wager Bet-and-get minimum odds: -500 or greater Minimum deposit: $10 Bonus bets are valid for 7 days Legal States: AZ, CO, IA, IL, IN, KS, KY, LA, MD, MO, NC, NJ, OH, PA, TN, VA Sharp Football Analysis Verdict: Best for bettors who want flexibility in their sign up bonus. The choice between a guaranteed $200 in bonus bets or a $1,000 safety net makes this ideal for both casual bettors and those looking to make larger initial wagers. Don't forget to enter the bonus code when signing up. 2. DraftKings – Bet $5, Get $100 Instantly Sportsbook Promo $100 in Bonus Bets BET…