We ranked every major sportsbook welcome offer so you can maximize your first deposit. Updated weekly — last checked April 2025.
The $200 instant bonus is the best new-user value on the market. No matter what your first bet does, you're getting $200 in bonus bets by placing just $5. The deposit match adds long-term runway.
The best offer for bettors who want to go big on their first wager. Bet up to $1,000, and if it loses, get it all back in bonus bets. Low playthrough and the highest app rating in the business.
Straightforward offer with the lowest playthrough in the industry. Plus the best loyalty rewards program — iRush Rewards — for ongoing value after your welcome offer.
The highest first-bet insurance cap in the market. Plus MGM Rewards integration — earn points toward hotel stays and casino comps at MGM properties worldwide.
Simple, clean offer paid as a single bonus bet credit. Caesars Rewards loyalty program earns points toward 50+ Caesars Entertainment properties. Consistently sharp NFL lines.
| Sportsbook | Offer | Max Value | Playthrough | App Rating | States | Best For |
|---|---|---|---|---|---|---|
| DraftKings | Bet $5, Get $200 + deposit match | $1,200 | 20x (deposit) | 4.8★ | 30+ | Instant value, parlays |
| FanDuel | No-sweat first bet | $1,000 | 1x | 4.9★ | 30+ | NFL, large first bets |
| BetRivers | 2nd chance bet | $500 | 1x | 4.6★ | 20+ | Loyalty, regular bettors |
| BetMGM | First bet paid back | $1,500 | 1x | 4.7★ | 28+ | Big first bets, MGM rewards |
| Caesars | First bet on Caesars | $1,000 | 1x | 4.8★ | 25+ | NFL bettors, Caesars loyalists |
Welcome bonuses are one of the few edges a bettor can get on the house. Here's how to extract maximum value from them:
There's no rule against having accounts at DraftKings, FanDuel, and BetRivers. Sign up at all three and claim $2,700+ in combined welcome value.
Bonus bets don't return the stake. To maximize value, place them on underdogs or parlays with positive odds (+150 or better) rather than heavy favorites.
Low playthrough (1x) = high value. High playthrough (20x+) = harder to clear. Factor this into your decision on which offer to prioritize.
Your first bet sets the tone. Don't waste a welcome bonus on a sport you don't follow. Use it on your best play of the week in your strongest sport.
Big event weekends (Super Bowl, Playoffs, March Madness) often see bonus values increase. If you're not in a rush, wait for peak season for better offers.
Bonus bets aren't magic. If you don't have a disciplined approach to picking games, a bigger bonus just means bigger losses. Be sharp first.