Get $300
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New York Online Sports Betting Promos
Most sportsbooks offer sign-up bonuses and promos for new players. That includes the nine NY sports betting apps currently available in the state.
The most popular types of offers are a deposit match bonus or a first bet offer with a return of bonus credits up to a certain amount if your bet ends in a loss. A deposit match is an amount that is given in various forms that matches how much money the user puts into their account initially.
Some sportsbooks are now offering new signup bonuses such as “First Bet Offer Up to $1,000 paid back in Bonus Bets (if you don’t win).” Others offer Bonus Bets. We offer additional information on this offer and what other competitors are featuring for their welcome bonuses.
New York Sports Betting Bonuses and Promos for January 2025
Here is a list of all the New York sports betting promos and bonuses currently available online. Additional terms and conditions apply.
| 📱 Sports Betting App | 🎁 Bonus Offer | 💰 Promo Code | 🥇 Best For |
|---|---|---|---|
| FanDuel NY | Bet $5, Get $300 in Bonus Bets If Your Bet Wins | Click to claim promo | Promotions |
| DraftKings Sportsbook NY | Up to $1,200 in Bonus Bets | None Needed | Sports Betting Experience |
| BetMGM NY | No special offers in New York | NYSB | New Bettors |
| Fanatics Sportsbook NY | Bet $10, Get $50 in Bonus Bets | Click to claim promo | FanCash Rewards |
Top New York Online Sports Betting Promos – January 2025
Pros
-
Stable and quick website and app performance -
One of the top live streaming options for sports, including NHL
Cons
-
Limited market options for some sports
Payout Speed 72 Hours
Bonus Offer $300
Banking Options
Pros
-
Long-running staple in the industry provides stability -
Winnings from DFS can be used on sportsbook platform -
Missions provide additional bonus money and crowns
Cons
-
Android app still has some glitches, display issues
Payout Speed 72 Hours
Bonus Offer none
Banking Options
Pros
-
Wide variety of market options in top sports events -
Can use rewards earned on sportsbook at retail locations
Cons
-
Limited single-game parlay opportunities -
Android app moves slowly, lacks customer service features
Payout Speed 72 Hours
Bonus Offer No Special Offer in NY
Banking Options
Pros
-
Competitive odds & engaging parlay promos -
FanCash rewards are given with every bet & can be redeemed for bonus bets & team swag
Cons
-
Minor bugs & functionality issues may appear
Payout Speed 24 Hours
Bonus Offer Bet $5, Get $50 in Bonus Bets
Banking Options
Best New York Sportsbook Promos – Additional Information
FanDuel New York Promo Code
| 💻FanDuel NY Promo Code | Click to claim promo |
| Bet $5, Get $300 in Bonus Bets If Your Bet Wins | T&C's Apply |
| 🏦Minimum Deposit | $10 |
| 📱iOS/Android App Review Score | iOS: 4.8 Stars w/ 530K Ratings Android: 4.7 Stars w/ 77K Ratings |
FanDuel NY 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.
FanDuel also constantly provides a handful of promotions to current users. Common features include no-sweat bets on Same Game Parlays and parlay insurance. Note that the initial welcome bonus must be completed first, and any bonus bets (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 bets option.
Another feature of FanDuel Sportsbook is that it offers bonus bets to be used at the player’s discretion. Bonus 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 bonus 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. Bonus bets are distributed regardless if the wager wins or loses.
BetMGM New York Bonus Code
| 💻BetMGM NY Bonus Code | NYSB |
| 🏦Minimum Deposit | $10 |
| 📱iOS/Android App Review Score | iOS: 4.8 Stars w/ 87K Ratings Android: 4.2 Stars w/ 5K Ratings |
BetMGM NY 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 claim a First Bet Offer of up to $1,000 paid back in Bonus Bets (if you don’t win). There’s a chance that promotions could return 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 featured 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.
Future Sportsbooks in NY
Nine permitted sportsbooks are now live, including Fanatics Sportsbook that launched in the first half of 2024.
Types of New York Sports Betting Bonuses
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.
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 bonus 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 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.
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 bonus bet. That’s certainly the case in New York, where there were a few pre-launch bonuses under 48 hours before launch.
How to Claim New York Sports Betting Bonuses and Promos
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.
New York Sports Betting Bonuses – FAQs
21. The minimum age for online sports betting in New York will be 21 years old. That’s the standard across most states with legal online sports betting. If there are retail casinos that allow people 18 years or older in, they cannot place wagers at sportsbooks.
Yes. Bettors can sign up for as many licensed sportsbooks as they like. There’s nothing wrong with having accounts at multiple sportsbooks. It allows bettors to shop around for the best sports betting odds in NY, which is something sportsbooks are prepared for.
Playthrough requirements vary depending on the sportsbook and the type of bonus. Playthrough requirements ensure bettors wager at sportsbooks to redeem bonus credits.
Read the terms and conditions of the bonus offer before opting in to make sure you agree with the stipulations.
Bonus abuse is making multiple accounts at the same sportsbook to cash in on those big welcome bonus offers multiple times. From the sportsbook’s point of view, it’s not terribly difficult to catch. Different social security numbers sending welcome bonus money to the same card or bank account is an easy pattern to catch.
Also, it’s important to note that sportsbooks will limit “no-brainer” bets to accounts with infrequent activity. Many popular companies offer these types of bets featuring little risk to bettors. If an account exists just to take advantage of these offers, they will stop becoming an option for them.
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