Monday, May 27, 2024

The best sports betting bonuses on the market in 2023

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By The Capital Sports Report Staff

Sports betting is a popular activity in the United States, and it has grown significantly in recent years. With the legalization of sports betting in many states, there are now more opportunities than ever before for sports fans to bet on their favorite teams and events.

One aspect of sports betting that has become increasingly important is bonuses. In this article, we will discuss US sports betting bonuses and how they work.

A bettor places wagers on some of the more than 400 proposition bets for Super Bowl LI between the Atlanta Falcons and the New England Patriots at the Race & Sports SuperBook at the Westgate Las Vegas Resort & Casino
A bettor places wagers on some of the more than 400 proposition bets for Super Bowl LI between the Atlanta Falcons and the New England Patriots at the Race & Sports SuperBook at the Westgate Las Vegas Resort & Casino (Photo by Ethan Miller/Getty Images)

Sports betting bonuses are promotional offers that sportsbooks use to attract new customers or retain existing ones. They are typically offered in the form of free bets, deposit matches or other incentives. These bonuses can be used to bet on any sporting event that the sportsbook offers.

READ MORE: Click here for our latest Sports Betting coverage

Types of sports betting bonuses in the US

There are several types of sports betting bonuses that are commonly offered by US sportsbooks. Some are restricted to certain sports, but most are available for all sports betting markets.

Deposit bonuses

Deposit matches are a popular type of sports betting bonus. These bonuses are awarded when customers make a deposit into their sportsbook account. The sportsbook will match a certain percentage of the deposit, up to a specified amount. For example, a sportsbook may offer a 100% deposit match up to $500. This means that if a customer deposits $500, they will receive an additional $500 in bonus funds.

Bonus bets

Bonus bets, which are sometimes known as free bets, are one of the most common types of sports betting bonuses. These are bets that are given to customers for free, allowing them to bet on a specific event without risking any of their own money. Bonus bets are often awarded to new customers as a welcome bonus or to existing customers as a loyalty reward.

No-deposit bonuses

The no-deposit bonus is one of the most popular types of sports betting bonuses around. As the name suggests, it is awarded to customers without requiring them to make a deposit, usually, although not exclusively, as part of a welcome bonus package. No-deposit bonuses are relatively rare and are usually small, often around $10, so they won’t offer as much of a boost as deposit bonuses.

Loyalty and VIP programs

More common in the online casino world, we are seeing more sports betting sites offering loyalty and VIP programs. These programs reward loyal customers by giving them points as they use the site. At each new points level, new perks and rewards are unlocked. These can take the form of cashback or other bonuses. For those with VIP status, the perks can even involve tickets to sports events.

How to claim online sportsbook bonuses in the US

To claim a sports betting bonus, customers will typically need to meet certain requirements. Here are some of the most common requirements:

Create an account: To claim a sports betting bonus, customers will need to create an account with the sportsbook offering the bonus.

Make a deposit: Most sports betting bonuses require customers to make a deposit into their sportsbook account. The amount of the deposit will vary depending on the bonus.

Meet the wagering requirements: Many sports betting bonuses require customers to meet certain wagering requirements before the bonus funds can be withdrawn. Wagering requirements typically require customers to bet a certain amount of money before they can withdraw their bonus funds.

Use the bonus funds within a specified timeframe: Most sports betting bonuses have a time limit on when the bonus funds can be used. If customers do not use the bonus funds within the specified timeframe, they may lose the bonus.

READ MORE: Click here for our latest Sports coverage

Latest states to legalize sports betting

It has been more than four years since the Supreme Court struck down the 1992 PASPA Act and in that time, most of the states in the US have either legalized or made moves to legalize sports betting.

In fact, only 14 states are unlikely to have any sports betting past 2024. The latest states to launch legal sports betting, between the fall of 2022 and March 2023 were Maryland, Ohio, and Massachusetts.

Sports betting bonuses FAQ

Can I get sports bonuses in the US?

Yes. Most sports betting sites in the US will offer a variety of betting bonuses.

What is a deposit bonus?

This is a form of promotion, often awarded to new customers, that credits an account with bonus betting funds up to a quoted percentage figure.

What are the main bonus terms and conditions?

These include time limits, minimum and maximum deposit and payout limits, wagering requirements, and identity limits.

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