Best NY Sportsbook Promos & Bonus Offers

The NY sports betting marketplace is quite crowded with competition these days. All of the legal sportsbooks that are up and running have a very distinct characteristic in common: They want you as a customer.

In order to gain your business, they’re not shy about loosening the purse strings. Advertising may help them gain attention, but a fantastic sign-up offer can move a customer from a curious shopper into a depositing user quite quickly.

Free bet offers and sportsbook 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 sportsbook bonuses and free bet offers.

Best New York sportsbook and promo offers

Rank
Sportsbook
Bonus
Feature
Play
1
UP TO $1,050 FREE
New User Bonus. T&Cs Apply.
Special for bets on NFL Wild Card
Bet $5 & Win $280
$50 Free Bet on Deposit 
Up to $1,000 Deposit Bonus 
To Claim: Click Play Now
2
UP TO $3,300 FREE
New York Special
$300 Free On Sign Up 
Up to $3,000 On Deposit 
Opt In for a Free NBA Jersey 
Use Promo Code: LEGALNEW
5
$250 Bonus
100% Match On First Deposit
100% Up to $250 Deposit Bonus
ONLY 1x Play Through!
Use Exclusive Bonus Code: PLAY250

Top 4 NY sportsbook bonus codes for January 2022

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 in risk-free fashion, getting some extra bang for your buck with deposits and even free bets. Let’s take a look at where you can find the best promotions in NY.

1. DraftKings Sportsbook

Featuring one of the slickest platforms that you’ll find, DraftKings is one of the most popular legal sportsbooks in the nation. Top highlights include an awesome in-play wagering section and betting pools where you can compete for large prizes. New users can try it out with a $50 free bet and a 20% deposit match up to $1,000 with an initial deposit.

2. Caesars Sportsbook

There’s a good chance that you’ve seen some commercials for Caesars sportsbook in recent times. Let’s just say that the Emperor is on the money. Caesars has competitive odds, all of the sports and bet types you could ask for, and regular promos for players to choose from. When signing up off of our links and using the promo code, you’ll be eligible for a risk-free bet up to $300 free bet, plus a deposit bonus worth up to $3,000.

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. A risk-free bet of up to $1,000 is yours upon signing up via our links and funding your account.

4. BetMGM Sportsbook

Coming soon; not live yet. 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 get a risk-free bet up to $1,000 after making a deposit.

5. BetRivers Sportsbook

BetRivers has a home base in New York at Rivers Casino in Schenectady. All the hype of its local connection comes with an easy-to-use and straightforward app that offers all the usual bets plus odds boosts and daily or weekly promotions. It also comes with iRush Rewards that gives you points for use both online and at Rivers Casino. When you click the links on this page, you get up to $250 on deposit.

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.

Risk free 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 risk-free fashion. After signing up and making a deposit, you can place your first bet with some insurance on your side. If the bet loses, you’ll receive a refund for the amount of your wager in site credits.

For example, FanDuel Sportsbook has a $1,000 risk free bet offer for new customers. To take advantage, you simply have to use our links to create an account and make your first deposit.

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 risk free 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 free bet.

The free 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 free bet of $50.

The amount of the matched bet isn’t free money that you can withdraw; you’ll have to play it onsite, 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 free 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 free 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.

Free 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 free bet just for signing up. DraftKings is among those that have this offer available for new players.

To gain access, you have to go through the same basic process that we 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 free 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 PlayNY 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 free 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 free 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 risk free bets, deposit matches and even completely free wagers. Offers will vary by sportsbook, but all of them provide you with some extra incentive to try a new place to play.

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