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Five New York Online Sportsbooks, Five Big Money Welcome Bonuses, You Decide

New York 5 best Sportsbook offers

Note: The Caesars bonus described below has expired. Use promo code USBETTINGCZR to get a 100% deposit match risk free bet up to $1,500. Available if you deposit a minimum of $50.

Super Bowl LVI is approaching fast. New York sports fans who want to bet online on the action now have five 100% legal state licensed mobile New York sportsbooks to choose from. Each offers a pile of free money to new customers. Each offer is different and each has its own T&Cs . Here we set out every offer and compare them to help you decide which works best for you.

Top 5 New York Sportsbook Welcome Bonuses

NY SportsbookOfferPromo Code
Caesars💰Max $3,000 Risk Free Bet plus $300 Free Bets plus an NBA JerseyNone
BetMGM💰Max $1,000 Risk Free Bet plus $200 free betsUSBETTING
DraftKings💰20% Deposit Match Bonus up to $1,000None
BetRivers💰100% Deposit Match Bonus up to $250None
FanDuel💰Max $1,000 Risk Free BetNone

These are great looking numbers but the details matter and some are not as generous as they seem. Here they are in detail.

Caesars New York Sportsbook

Caesars Sportsbook New York

Caesars casino properties are known for being big and brash and their offer to New York sports bettors is in the same style.

The biggest potential part of the welcome bonus is a risk free bet matching the size of your first deposit. This is capped at $3,000. Deposit $3,000 and Caesars NY gives you a risk free bet of the same amount. In simple terms if you make your first bet and it loses, Caesars will give you a free bet token worth the same amount. You must use this within 30 days on a bet with odds of -200 or better.

Once you have verified your account you also get $300 in free bets. And if that isn’t enough if you bet $100 on NBA games within a month you will get a $150 gift card to use to buy an NBA team jersey at the NBA online store.

This large headline number should not encourage you to bet beyond your comfort zone. Even if your first bet loses, you only have one more chance to win back your money. The biggest part of the offer should be approached with caution. Nothing wrong with just depositing $1,000, or $500 and accepting a lower “risk free bet” with much lower risk.

On the other hand the smaller parts of this offer deliver fantastic value. The $300 in free bets is genuinely extra value and the NBA jersey offer is something you won’t find anywhere else.

BetMGM New York Sportsbook

BetMGM Sportsbook New York Bonus Code

BetMGM launched its New York sports betting app today, Monday Jan. 17. There are two parts to this offer.

  • First the up to $1,000 risk free bet. This works the same way as Caesars except for one critical difference. If your bet loses and the amount of your wager was over $49, then you get five free bets not just one. This means you have five chances to get value from the promotion not just one. Of course the maximum is much lower than Caesars but you get more flexibility.
  • The second part of this promotion is only open to you if you use the promo code USBETTING when you register your account. It’s a simple addition worth $200. BetMGM New York will credit your account with $200 of free bets simple for wagering $10 or more on the coming Knicks game.

DraftKings New York Sportsbook

DraftKing Sportsbook New York

DraftKings NY breaks from the others with a 20% deposit match bonus plus $50 in free bets. The minimum deposit is just $5 and that gives you the $50 worth of free bets. You can’t cash out the $50 you can only cash out any money you win when you use the free bets.

The deposit bonus is capped at $1,000 so to get the maximum you would have to deposit $5,000. The bonus is released at the rate of $1 per $25 that you wager. So the top deposit bonus comes after wagering a total of $25,000. Most New York sports fans are not going to go large, well not that large. However, even if you make much smaller deposits the bonus can provide you with real added value. Even if you don’t wager enough to earn your full bonus, you will still receive a proportion. You have 90 days to earn your full bonus.

BetRivers New York Sportsbook

BetRivers NY Sport Betting

BetRivers NY takes a much smaller number but makes it much easier to earn. New sports bettors at the BetRivers NY sportsbook can get up to $250 as a 100% deposit match bonus.

The bonus lands in your account within 48 hours of making your first deposit and you can immediately use them for placing sports bets. You only have to wager the bonus funds once on bets with odds of -200 or better.

BetRivers isn’t competing for the big number headlines. It is quietly offering a welcome bonus that provides value to sports fans who want an occasional bet as well as more active bettors who want action every day.

FanDuel New York Sportsbook

Fanduel sportsbetting New York

At FanDuel NY we are back to $1,000 risk free bet territory. Lose your first bet and up to a $1,000 limit FanDuel will add site credits to your account in the amount of the losing bet. You have 14 days to use these credits or they will expire. The good news is that FanDuel allows you to cash out any winnings from the free bets immediately. There is no big multiple play through requirement.

This is another simple promo without hidden T&Cs that make it impossible to win. No wonder FanDuel is the market leader in online US sports betting.

Time to Decide?

New Yorkers have waited a long time for online sports betting to become legal. Now it’s here it is not so easy to decide which top brand to select for your sports betting action.

Deciding on the basis of the welcome bonuses alone is probably not the best way to choose the right NY online sportsbook. Check out our reviews of each betting site. The reviews highlight the other factors that are important such as banking options, range of games, software features and customer service quality. 

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