Best NY Sportsbook Promos & Bonus Offers
The NY sports betting marketplace is quite crowded with competition these days. All the legal sportsbooks that are up and running have a very distinct characteristic: They want you as a customer.
The NBA Finals and NHL Stanley Cup Final are approaching. And that makes now a great time to take advantage of some of the best NY sports betting promos.
For example, FanDuel Sportsbook NY offers new users a No Sweat Bet up to $1,000. Simply sign up and register your new account with FanDuel, deposit at least $10 and then place your first real-money wager. If it loses, FanDuel will refund your account in bonus bets up to $1,000. The best part, aside from not needing a FanDuel NY promo code, is that the bonus bet is not a single credit. You can spread out the bonus wager however you’d like.
NY sports betting bonuses can take on many forms. Before diving in and trying these opportunities, it’s a good idea to have a handle on how they work. That’s where we come in. Read on as we explore everything you need to know about NY sportsbook bonuses.
Best New York sportsbook promos and welcome offers
Top 4 NY sportsbook bonus codes for May 2023
The best NY sportsbook bonus offers can help you get started with your sites of choice. There are a number of options to consider, such as placing your first bet with limited risk, getting some extra bang for your buck with deposits and even bonus bets. Let’s take a look at where you can find the best promotions in NY.
1. BetMGM Sportsbook
The BetMGM name resonates loudly in gaming circles. The hype is well warranted as this is an excellent place to dive in and wager on sports. The menu of options runs really deep, and there are plenty of interesting features tucked away inside for users to explore. If you hit the links on this page to register and plug in our promo code, you can take advantage of any special BetMGM has to offer.
- Bonus: Claim BetMGM Promo
- Review: BetMGM NY Bonus Code
2. BetRivers Sportsbook
With a user-friendly interface, BetRivers also features frequent bonuses for New York bettors. On top of that, the BetRivers NY sportsbook offers a deep menu of betting options from in-game betting to futures and more. Take advantage of the BetRivers promos and bonuses with links found on this page, including a second-chance bet worth up to $100.
- Bonus: Claim BetRivers Promo
- Review: BetRivers NY Promo Code
3. FanDuel Sportsbook
As the market leader in a number of legal sports betting states, FanDuel is clearly hitting a lot of the right notes. The betting platform is a breeze to use, and there are several awesome features to enjoy including the same-game parlay betting options on select games. Right now, FanDuel offers a up to $1,000 in bonus bets upon signing up via our links and funding your account.
- Bonus: Claim FanDuel Promo
- Review: FanDuel NY Promo Code
4. PointsBet Sportsbook
One of the more innovative sportsbooks in New York, PointsBet offers traditional betting as well as its patented PointsBetting market. With PointsBetting, users can turn a $10 over bet into $100 if the game ends with 10 more points than the set over/under total. Add in regular odds boosts and promotions, and PointsBet stands as a potential favorite among NY sports betting enthusiasts. When you click the links on this page, you get up to $250 in second-chance bets.
- Bonus: Claim PointsBet Promo
- Review: PointsBet NY Promo Code
How sportsbook bonus offers work
While the exact offers may vary between the popular NY sports betting sites, there’s a lot of copycatting across the industry. You’ll come across similar offers at all of the major shops. Let’s take a closer look at the most common types of offers.
Matched deposit bonus
This is a popular bonus that can help you boost your bankroll right from the start. Once you’ve signed up and created your account, the sportsbook will match your first deposit up to a certain amount. For example, DraftKings will match a percentage of your first deposit up to a whopping $1,000. Here’s how it works.
- Click one of our links to create your DraftKings account.
- After you’ve looked around for a bit, click on the deposit button in the upper right corner.
- Enter your deposit amount and choose a payment type from the available methods, which include credit or debit cards, online bank transfers and PayPal.
- Your deposit will go through instantly, and DraftKings will credit your account with a deposit match of 20% up to $1,000.
As a quick example, if you deposit $1,000, you’re eligible for a match of $200. The sportsbook will release the bonus in $1 increments for every $25 that you wager. From the time that you sign up, you have 90 days to play through enough to clear the entire bonus.
Naturally, you should deposit an amount that you’re comfortable with. If you deposit $500, you’re looking at a $100 match, or a $20 match for a $100 deposit, and so on. This is a great way to try out a new site while getting some extra funds to play with. Note that you may need to enter a sportsbook bonus code or promo code to claim the bonus.
Bonus bets
One of the biggest holdups for new players interested in sports betting is the concern of losing funds. Losses are going to come with the territory with any form of wagering, but there are ways to mitigate at least some of the risk.
Some offers give bettors a chance to try a new sportsbook in a no-sweat fashion. If the bet loses, you’ll receive a refund for the amount of your wager in site credits.
Then, find a game or event you want to wager on. All you need to do is click the odds that correspond with your choice. The wager moves over to the betting slip, where you enter your wager amount, verify everything is correct and click submit.
You’ll receive confirmation that you’ve placed your bet. To track it, you can look at the pending wagers section of your account. If you make the right call, FanDuel will credit your account with your winnings as soon as the result is final.
If you lose your bet, you’ll receive a refund of your bet amount in the form of site credits. You can use these credits to place additional bets onsite, and any winnings you obtain while using them are yours to do with as you wish.
Matched bet offers
In concept, this offer is quite similar to having a no-sweat bet at your disposal. However, you can get the bet match even if you win your first wager. In a nutshell, once you create an account, make a deposit, and place your first bet, the sportsbook will credit you with a bonus bet.
The bonus wager will be equal to your initial bet up to a certain amount. While you should always only be betting at your comfort level, this is another opportunity that provides you with some added security on your first wager.
Let’s say that it’s a matching bet offer of $50 from Caesars Sportsbook. You place your first bet at that dollar amount and see what happens from there. Regardless of whether you win or lose, the sportsbook will provide you with a site credit of $50.
The amount of the matched bet isn’t money that you can withdraw; you’ll have to play it on site, but any winnings resulting from that wager are yours to keep. If you happen to hit on both your first wager and the matching bet, your new account will be off to an awesome start.
Money-back bonus bets
This is another popular bonus in the arsenal of online sportsbooks. While it may seem similar to some of those mentioned above, it works in differently. The money-back bonus bet will result in funds coming back your way if a wager doesn’t work out under certain parameters.
A lot of these offers have to do with dreaded “bad beat” scenarios, such as an MLB team losing after having a lead entering the ninth inning or an NBA loss in overtime. If it happens to you, you’ll get a credit back for the amount of your wager that you can use to play onsite.
It’s important to note that you won’t be automatically covered for all unfortunate scenarios, so be sure to take the time to review the terms and conditions of the offer prior to placing wagers. Many sites will also offer variations of this, such as an insurance offer on wagers. An example is FanDuel NJ, which will refund certain parlay bets if you miss out on a single leg.
Bet bonuses
Last but not least, we have one of the most desirable offerings that scores of users have flocked to. Certain sportsbooks will provide you with a bonus bet just for signing up. FanDuel is among those that have this offer available for new players. New users receive a no-sweat first bet up to $1,000.
To gain access, you must go through the same basic process outlined above. You click one of our links to create an account and enter your information. Once that’s all set, you’ll receive the bonus bet in your account.
Get the best online sportsbook bonuses in NY
If you spend enough time watching sports, consuming content or in betting circles, then there’s a good chance that you’ve heard about a bunch of wagering sites. Some of them are more than worthy of the hype, while others don’t pass the smell test.
It can be challenging to put your finger on which ones are for real or not, but there’s a quick and easy solution. All of the sites we feature here at playin-ny are on the up and up. They’re legal and regulated, among the top sportsbooks in the nation and offer some outstanding promos. If you see a site listed on our pages, then you can be sure that it’s legal and safe to use.
One other note to keep in mind: while legal sports betting continues to grow, there are still other options out there. A simple rule to follow is this: Don’t use them. When looking to bet on sports online, stick to the legal and regulated shops.
Unregulated offshore sites may claim to be legit while promising you the stars and the moon. Unfortunately, there have been plenty of horror stories that show they are not. Quite simply, there’s just no justification for putting your funds at risk when legal and safe options abound.
How do I claim a sport betting bonus?
We have gathered the top bonus offers in the industry right here. New York residents can take full advantage of them, but you’ll have to follow a specific process. Here’s what you’ll need to do:
- Click one of our links to one of the sportsbooks we have listed to create an account. You’ll arrive at the registration page, where you’ll have to enter some basic personal info. Once that’s all set, accept the terms and conditions and click submit.
- Your legal New York sports betting account will be all set up. Depositing and withdrawing funds won’t be an issue, and you’ll be able to check out the latest lines at any time.
- To actually place bets, you’ll need to be within NY state lines. Sportsbook betting apps use geolocation technology to verify your location. If they can’t verify that you’re within the borders, you won’t be able to wager.
The unveiling of legal online sports betting options is a real game changer for NY sports bettors. The days of taking the trek over to the Garden State to play on the best apps are over. You can have access to a real live sportsbook whenever you want it from your computer or device.
What are the rules associated with sportsbook bonus offers?
All sportsbook bonus offers and bonus bets will have their own terms and conditions. We’ve outlined the major points here, but we still encourage you to review the rules and regulations of the offer prior to placing your wagers.
For example, an offer may require you to place bets at a certain odds level, such as -200 or better. Here are some of the other major points to keep in mind:
- There will typically be a time limit attached, such as seven days to claim a deposit match or place a bonus bet, or 90 days to clear a bonus offer.
- Beyond minimum odds level, bonus bets may be restricted to specific types of wagers, such as a single-game moneyline or point spread.
- To sign up for an account with a NY sportsbook, you must be 21 or older. This will be verified as part of the sign-up process.
- There’s no residency requirement for creating an account, but you do need to be physically in the state to place bets. Bonus offers are generally capped at one per household.
Beyond those requirements, you should also be aware of specific in-state betting restrictions. For example, you can wager on college football and basketball, but there’s no wagering on in-state colleges or on events that take place in the state.
Key takeaways about sports betting bonuses
As the legal sports betting industry continues to expand, sportsbooks are jockeying for position. To attract as many new users as they can, many books will make bonus offers available to new customers. In a nutshell, the site will offer you assorted goodies for taking your business there.
You can get bonus bets, deposit matches and even completely bonus wagers. Offers will vary by sportsbook, but all of them provide you with some extra incentive to try a new place to play.