NY Sports Betting Bonus
& Online Promo Codes for October 2022

NY Sports Betting Bonuses Are Live Now

All nine approved sportsbooks are now available along with sign-up promotions for new players, including DraftKings Sportsbook, Caesars Sportsbook, FanDuel Sportsbook, BetMGM, BetRivers, PointsBet, Resorts World Bet, WynnBET, and Bally Bet, which launched July 7, 2022.

Each sportsbook has at least one welcome bonus to consider when opening a new account. The most popular types of offers are a deposit match bonus or a risk-free bet up to a certain amount.

A deposit match is an amount that is given in various forms that matches how much money the user puts into their account initially. A risk-free bet is the first wager the user places, it is then given back as site credit if the settlement loses.

Some sportsbooks offer free bets. DraftKings Sportsbook offers a completely free bet, which is a $50 one-time use offer. It does require the new user to deposit at least $5 into their account. We offer additional information on this offer and what other competitors are featuring for their welcome bonuses.

How much does New York State receive in online sports betting revenue? Take a look at detailed information on wagers and how much gaming operators and the state government receive on our revenue page.

Get the largest bet return possible: Compare parlay odds across all NY online sportsbooks

Every NY Online Sports Betting Sign-Up Bonus Offers for October 2022

Here is a list of all the New York State sportsbook promos currently available online. Additional terms and conditions apply.

Best NY Sportsbook Bonus Offers – October 2022

Best New York Sportsbook Bonuses – Additional Information

Caesars New York Promo Code

Caesars Sportsbook has some of the best welcome bonuses available for New York. The latest offer is a first bet of up to $1,250 + 1000 Tier Credits + 1000 Reward Credits®. After making a deposit, the first bet of up to $1,250 is on Caesars. No minimum odds required are listed, but always check the terms and conditions to confirm.

The initial wager needs to be $10 or more, and your first bet of up to $1250 is on Caesars. Full terms and conditions apply. Credits will be applied to the user’s account within seven days.

After the opening sign-up offers, current users will see a variety of promotions available. While existing free bets cannot be used toward these, it’s a way to gain additional free bets for other wagers. Promotions will be offered for a number of popular sports and leagues. There’s almost at least one new promotion to consider daily.

Caesars tends to offer a higher amount of odds boosts on popular sports than the average. Routinely, there will be a handful of boosts available for MLB prop combinations. For example, a boost may feature combining a player to get a home run and their team to win the game. Generally, Caesars puts a limit of a max bet at $100.

FanDuel New York Promo Code

FanDuel has strong odds on underdogs and mid-tier futures odds. So, it’s a worthwhile online sportsbook for New York bettors to consider if they haven’t already tried it in New Jersey. The traditional welcome offer from FanDuel is a “No Sweat First Bet” for new users. Up to $1,000 is eligible to be returned in free bets if it loses, so bettors are encouraged to bet big from the beginning.

FanDuel also constantly provides a handful of promotions to current users. Common features include risk-free bets on Same Game Parlays and parlay insurance. Note that the initial welcome bonus must be completed first, and any bonus money (also known as site credit) cannot be combined with a promotion. This will be alerted on the betslip, where users can turn off the bonus money option.

Another feature of  FanDuel Sportsbook is that it offers bonus money and free bets to be used at the player’s discretion. This has led the platform to transition using free bets more when giving out site credit. It’s similar to bonus money, but it requires a one-time playthrough. Free bets will automatically be set to use the entire amount, but the user can change the amount before placing a bet.

Some promotions for regular players are recurring at FanDuel. For example, each Tuesday, there’s a special to get $5 in free bets for each home run in a contest you bet on. The requirement is to place a $25 wager on a player to get a home run in the game. Free bets are distributed regardless if the wager wins or loses.

BetMGM New York Bonus Code

BetMGM has a near-perfect rating in Apple’s App Store for delivering an extremely reliable betting experience. It also has some of the best promotions for online sports betting, including the ongoing Parlay Plus offer. This offer is where bettors can boost a seven-leg parlay by 40 percent. Even a four-leg parlay can be boosted by ten percent.

At this time, BetMGM New York does not offer a welcome bonus for new users. As reported earlier this year, the operator planned to eliminate promotions due to the high state tax rate. When it was available, players could sign-up and get up to a $1,000 risk-free bet. There’s a chance that promotions could return during the football season or when the tax rate lowers.

BetMGM features plenty of odds boosts, which are referred to as “Lion’s Boosts.” A handful are available for the top sporting events each day. Based on our comparisons with other sportsbooks, these boosts are a mixed bag regarding value. However, these are different than the regular parlays promoted by BetMGM at the top of the event pages.

PointsBet New York Promo Code

PointsBet offers a unique type of betting. The sportsbook offers standard fixed-odds wagers, but it also offers “PointsBetting.” Bettors can win exponentially more money by making a precise prediction about point spreads and point totals, but bettors risk more money too, so this is for risk-seeking bettors only.

In total, up to $2,000 is available in Second Chance Free Bets for the welcome bonus. This is split up into two different bets. The first one is a fixed-odds bet up to $500. Any normal wager on the sportsbook with standard odds qualifies. The other is up to $1,500 utilizing the special “PointsBetting” feature.

Any free bets expire within seven days after being issued. Each free bet given back can be divided up to four times. For example, a $500 risk-free bet returned can be split into four different $125 free bets.

BetRivers New York Bonus Code

BetRivers offers one of the best welcome bonus in sports betting, making it one of the most popular sportsbook brands in the US. BetRivers offers a 2nd Chance Free Bet Up to $100.

For continuing promotions after the sign-up offer, BetRivers offers a lot of profit boosts. But, these will be tailored to a specific sport and only available on a certain day. Once you opt in, a wager must be placed with the profit boost over the next 24 hours. Generally, the profit boost is set at 20%.

DraftKings New York Promo Code

Because it is one of the most reliable apps out there, offers competitive odds and a handful of promotions, DraftKings is one of the most popular online sportsbooks in the US. You can also use DraftKings via a web browser. With by far the best overall quality and innovation, the platform is a strong performer in New York’s sports betting market.

New users can get a $50 free bet after making a minimum deposit. If you want to receive the biggest possible deposit bonus, DraftKings is your sportsbook. DraftKings matches your deposit by 20% and allows for bonus credits up to a total of $1,000.

There are many reasons why we highly recommend DraftKings, and one of those is definitely the ongoing promotions it offers after sign-up. Nearly every day, there are a variety of options available. Many of them are highlighted on the front page carousel of offers. Recently, many of them have centered around risk-free bets for Single Game Parlays, but there have been various odds boosts and parlay boosts offered as well.

Like FanDuel, there’s a decent amount of odds boosts available for top North American sports, international soccer leagues, and major sporting events. Other sportsbooks may have a larger amount of odds boosts available. However, their value doesn’t seem to match up as often with what DraftKings and FanDuel feature.

WynnBET New York Promo Code

WynnBET announced a partnership with the New York Jets and the sportsbook is in the process of opening a luxury lounge at Met Life Stadium. Both the sportsbook’s website and app have a more simplified design, and both offer numerous changing promotions and deals to boost potential winnings. WynnBET’s mobile sportsbook was the seventh to go live in the state. WynnBET is part of the winning Kambi Group bid.

Resorts World Bet Bonus Code

From the Resorts World Catskills Casino, residents can bet online with the Resorts World Bet app and desktop site. The casino is the closest to New York City residents, so there is plenty of brand familiarity. Even the platform is familiar — it was built through a partnership with PointsBet. The layout is exactly the same as PointsBet and includes most of the features outside of the daily parlay odds boosts and the “PointsBetting” option. And the odds do vary from the PointsBet sportsbook itself.

Bally Bet New York Promo Code

A newcomer in the sports betting industry is Bally Bet, which just launched its NY platform in July. Currently, Bally Bet offers a risk-free bet of up to $550. In addition to the welcome bonuses, Bally Bet offers various reward systems for frequent bettors.

The sportsbook’s trophy system provides free bets for bettors with winning streaks. While the app design and performance needs to be improved, there’s a lot of potential in linking their existing properties.

Bally’s is expanding their presence, most notably in the regional sports market, taking over numerous local sports networks that show top collegiate and professional sports. Bally Bet is part of the FanDuel Group consortium, which features some of the most recognized names in the industry. In August, The New York Yankees announced they added Bally Bet as an official sports betting partner.

Future Sportsbooks in NY

With Bally Bet now available in New York, all nine permitted sportsbooks are now live. More could come to NY in the future, but this will be it for the time being.

Types of Sports Betting Bonuses in New York 

Bettors will find a bedrock of standard bonuses in New York.

To start things off, new player bonuses are exclusive to new bettors. Welcome bonuses entice new bettors to sign up for sportsbook accounts with specific sportsbooks. Ongoing bonuses offer promotions throughout the year, giving regular sports bettors many betting options. And some sportsbooks offer loyalty or VIP programs to reward high rollers.

But understanding what to do with these wagers is important too. Here’s what bettors need to know. 

Risk-Free Bets 

Risk-free bets are one of the two most common types of bonuses. They’re particularly useful welcome bonuses because the dollar amounts bettors can redeem can be high. For example, BetMGM offers initial risk-free bets. As we’ve seen, bettors must use their first wagers to cash in on this bet. That’s a common condition among risk-free bets.

Bettors could see smaller risk-free bets on major events throughout major sports seasons, which will be available to current members rather than new signups. These risk-free bets may not be more than $25 or $50, but they’ll reward bettors for taking the risk. A common condition may be to award bettors a small risk-free bet for betting a certain amount of money on a certain sport or league in a set time frame.

Parlay Insurance

An emerging bonus that is being offered more and more at multiple sportsbooks is parlay insurance, both for traditional and single-game formats. Parlays can be a fun way to bet and potentially win big money, but the vast majority of wagers with this method aren’t successful. Sportsbooks can offer a bit of relief with a parlay insurance promotion.

Legs of a parlay are the different props that can be added. To be eligible for parlay insurance, bettors typically need at least three or four legs. The parlay insurance comes in when one of these legs does not hit. So if three of the four legs are successful, the wager is often given back as a free bet or site credit.

Another frequent requirement is an odds limit that must be met. For example, each leg must have at least -200 odds or greater, or the combination of all the legs must have odds of +400 or higher. When we say “greater” or “higher” than +400, that means +450, +500, or anything above that is acceptable. If the total legs equal +350 odds, that wouldn’t qualify.

Various terms and requirements for parlay insurance will differ across sportsbooks. Some platforms offer parlay insurance for particular sports and leagues. We’ve seen a significant boost in parlay insurance, or even risk-free parlay bets, as sportsbooks launch their single-game parlay features.

Deposit Bonuses

Deposit bonuses are the other common bonus type. It’s also often used as a welcome bonus, as with DraftKings. Deposit bonuses have two parts to them. The first is the match rate. That tells bettors how much they have to deposit or wager to get $1 in bonus credit. 

For example, DraftKings offers a $1,000 deposit bonus at a 20% match rate. For every $25 wagered, bettors receive $1 in bonus credit, which is effectively a 5x wagering requirement.

Deposit bonuses are usually limited to welcome bonuses. They’re rare for ongoing bonuses. 

No-Deposit Bonuses

No-deposit bonuses are the closest thing to free cash that sportsbooks offer. They’re small amounts of site credits awarded to bettors for signing up for sportsbooks. They’re usually not more than $50, and they’re often not even that much. For example, Barstool Sportsbook offered a $10 no-deposit bonus just for signing up.

For the most part, no-deposit bonuses are very limited. These are generally offered within special time frames, such as sports betting officially launching in a specific state or a limited-time promotion to receive a free bet. That’s certainly the case in New York, where there were a few pre-launch bonuses in under 48 hours before launch.

How to Claim the Best NY Sportsbook Bonuses 

Claiming online sportsbook bonuses begins with selecting the right platform. Usually, that means searching the app store or browsing different sportsbook websites to decide which has the best welcome bonus or other features that set it apart. Bettors can find sportsbooks on websites in-browser. So, if bettors don’t want an app, then they can do their sports betting on their computers. 

However, selecting a sportsbook also means differentiating between sportsbook apps and daily fantasy sports apps. Some sportsbooks have separate apps for each service, and bettors need to make sure they’re selecting the sportsbook app. Further, some sportsbooks have just one app while others have different ones for each state. Bettors should make sure that they select the New York version of the app.

Remember: Always read the terms and conditions before opting into a promotion. You’ll need to know the minimum odds for an eligible bet, the wagering requirements for a deposit match bonus, and so on. Welcome bonuses and promotions are optional, and bettors can simply disregard the offers and get right to betting.

NY Sportsbook Bonuses – FAQs