Best New York Sportsbook Promo Codes & Bonuses

Check out New York’s top sportsbooks with the latest promo codes and bonuses. With tested and validated risk-free bets, bonus funds, matched deposits and odds boosts, find everything on offer right now at NY’s best sports betting sites.

Top Promo Codes for March 2023

What follows is a rundown of the best NY sports betting bonuses for March 2023. All are verified and ranked with an overview of the best features of each of the legal sportsbooks in the Empire State.

Caesars

Join the dynasty by seizing one of the biggest NY betting welcome offers when you sign up to Caesars sportsbook. The Emperor has upped its game from and you can now get up to $1,500 in free bets (was $1,100) if your first real-money wager loses. You must use a valid Caesars promo code when you register a new account.

PointsBet

Those trying out PointsBet for the first time receive one of the best NY betting signup offers. When you deposit and place an opening fixed odds wager and it loses, you’ll gain a free bet equal to its value up to $500. On top of that, should you make a PointsBetting wager too, you’ll receive a maximum of $1,500 in bonus credit if that one also doesn’t win.

FanDuel

FanDuel NY welcomes those who register a new account with up to $1,000 in free bets if their first wager loses. The minimum deposit to access FanDuel’s welcome offer is just $10. That makes it an excellent offer for occasional bettors who don’t want to invest a great deal and seasoned sports gamblers who can go big and go again if their first bet doesn’t come off. No FanDuel newbie promo code is needed. Just sign up.

BetMGM

Enter the fray with the BetMGM betting app and get a risk-free bet worth up to $1,000. Sign up, deposit at least $10, place a first wager and if it loses, BetMGM will credit your new account with a maximum of $1,000 in bonuses. The free bets are split up to five ways when your first stake is over $50 or you’ll receive a single token if it’s lower. You don’t need to enter a BetMGM promo code to access this offer.

DraftKings

DraftKings offers its new NY customers a 20% match deposit bonus worth up to $1,000. The minimum you can fund your account with is just $5, though users won’t get much in the way of a reward on low amounts. To get the max of $1,000 you would have to deposit $5,000. The DraftKings welcome offer does get a little complicated as you have to meet its playthrough requirements. That is, for every $25 played on the sportsbook, $1 will be released in bonus funds. You have 90 days to do it on bets with minimum odds of -300 or longer. There’s no DraftKings promo code required - just register and play.

BetRivers

The BetRivers welcome offer is a 100% match on a first deposit up to $250. This bonus can be unlocked by entering the promo code during sign-up. The minimum deposit, and so funds you can land for free, is $10 and it can only be used on markets with odds of -120 or higher.

WynnBet

The WynnBet sportsbook welcome offer for July rewards new customers with four free $50 bets totalling $200 when you sign up, deposit and wager $50. The odds on the first bet must be -120 or greater to qualify. If you regularly bet $50, it makes sense to register with WynnBet to land a quadruple whammy with installments released over the course of four weeks. Enter the WynnBet promo code to access this offer, simply deposit and bet.

Resorts World Bet

Resorts World Bet’s headline offer for new users is usually up to a $250 risk-free bet. Keep an eye on them though as the brand has pulled this offer from time to time. Regardless, when it is available, the bonus amount will be equal to your first bet and you’ll receive it if that wager isn’t a winning one. The free bet reimbursement can be used on any sports market where odds are -200 or greater. Resorts World Bet’s minimum deposit is just $5 so curious new customers seeking to try out one of the newer NY sportsbooks can give it a go for minimal money.

BallyBet

BallyBet NY sportsbook is yet to announce its welcome offer in New York. However, it may match what it offers in other states and offer a $250 matched free bet bonus on your first wager whether it wins or loses. The site credit received can be used on any sports market with no minimum odds requirement but a maximum of +300. No Bally Bet promo code is required to take part in the offer, just register a new account and begin betting.

Types of NY Sports Betting Promotions and Bonuses

Like all businesses, bookmakers have two aims - to lure new customers and then keep them coming back for more. One of their main strategies is to offer generous welcome offers to get you through the door. They’ll then try to encourage you to continue betting by delivering sufficient ongoing promos to keep you interested and staking money. It’s also not unusual for a book to throw a tempting tantalizer at customers on a losing streak to get them back in the game.

Obviously, sportsbooks don’t make much of a profit if lots of their users are winning regularly. That’s why bettors need to understand the types of promotions available and how to make the most of them. Matching betting offers to your wagering strategy is the best way to take advantage of what’s on offer.

Here’s what you’re likely to find at the top NY sportsbooks and how their most common promos work…

Risk-Free Bets

A risk-free bet is one of the most popular sportsbook welcome offers but you’ll also find them popping up either as regular promos or ahead of big events. Risk-free bets most commonly work by reimbursing a losing bet with bonus funds to use to place a new wager. Usually, if your opening bet wins, then you keep the profit but don’t receive a bonus. However, some books will hand you the freebie anyway which is fab.

There are often conditions attached to risk-free bets. Often, these are minimum and maximum odds, or limited markets they can be used on, plus there’ll be an expiration date so if you don’t use ‘em you’ll lose ‘em.

Risk-free bets can be used strategically - most often by signing up at all the sportsbooks that offer such a promo to max out the rewards. Some bettors go big on their first bet knowing the large potential profits are worth taking a ‘free hit’ at. There’s also a whole gambling grad school you can enroll in to learn about how to make the most of risk-free bets in matched betting systems. In the meantime, check out the following current risk-free betting promos at NY sportsbooks:

Deposit Match Bonuses

Deposit match bonuses are more generous than a risk-free bet but how appealing they really are comes down to the terms and conditions that a sportsbook applies to them. A deposit match bonus means that the bookie will hand you site credit equal to the amount you’ve placed into your betting account. There’ll always be a top limit on this.

What you need to look for on deposit match promos are the playthrough requirements. A book might hand out a lovely bonus with a dollar for dollar equivalent to how much you’ve funded your account, but require you to wager it a certain number of times before you can withdraw any winnings. Some sportsbooks set this so high that the chances of taking any real cash from it become pretty low. Some have much less ‘playthrough’ requirements though, but there may be a tradeoff as to the deposit level they’ll match.

No Deposit Bonus

The holy grail of betting promos, no deposit bonuses are rare nowadays. They’re more commonly found at online casinos than sportsbooks. A no deposit bonus works exactly as it sounds. You sign up to a betting site and automatically gain credit whether you put any money in the account or not. No deposit bonuses are always low in value - you might get $10 if you’re lucky. They usually have a ton of conditions attached too, but for the few minutes it takes to sign up to a new book, any free bonus funds you can find are worth it.

There aren’t any no deposit bonuses currently at NY sportsbooks but keep checking back as when they do appear you’ll need to be quick to get on them.

Reload Bonuses

Reload bonuses can be the difference between dropping out of the betting action altogether for a while or staying in the game. A reload bonus means that a sportsbook will hand you some funds to keep your account balance topped up, replenish it when it’s flatlined, or give you a free bet.

Bookies aren’t dumb of course. Sometimes they deliver reload bonuses because if you walk away and leave your account dormant for some time, they have no chance of making any money from you. If you keep on playing, they figure you’re more likely to deposit real cash before long. Some books have regular reload bonuses, usually weekly, or will award a free bet when you place a certain number of real money ones, while others will throw you a bonus as if at random.

Matched Bet Offers

Matched bet promos are much like their deposit-equalling brethren except that this type of offer will reward players with a free bet token worth a percentage, up to 100% of their qualifying wager. Matched bet deals come in all shapes and sizes and might hand multiple smaller free bets up to a certain value or a single bigger one.

Odds Boosts

Odds boosts are a staple of line shopping where bettors compare the odds at different sportsbooks to wager at the best price possible. It simply means that the odds are upped on certain markets for a higher potential payout. Odds boosts promos can be applied to moneylines, prepackaged parlays and points spreads, as well as popular totals bets and even prop bets.

Odds boosts usually see the bookmaker slice a chunk off the vig (‘vigorish’ or ‘juice’) they apply to wagers. Also known as the ‘house edge’ this is a built-in advantage the book sets to ensure it can make money even off winning bets. Sportsbooks often use odds boosts to highlight the biggest games of the day and to reel in recreational punters following their favorite team.

Referrals

Almost every NY sportsbook runs a referral scheme. You’ll see them advertised as ‘refer a friend’ or something snazzier like ‘share the love’. These betting promos operate by enabling customers to recommend a site to friends, family or even casual acquaintances to reward the referrer and/or the new sign-up with bonuses or prizes. New Yorkers are blessed with some excellent referral schemes that allow users to send a unique link to multiple people to build up sizable rewards. Some are superior to others though so check the Ts and Cs.

Parlay Insurance

Regular parlay betting fans know only too well the feeling of a combo wager that’s looking oh so good only for one of the legs to let the whole thing down. In such situations, losing on one near-miss feels like daylight robbery. Parlay insurance offers bettors some cover should this happen. Normally, parlays require each leg to win for a payout. With a parlay insurance promo applied, some of the risk is reduced by handing you a partial return should one pick mess up. Parlay insurance will usually require the wager to comprise a certain number of legs or more and be at a set minimum odds level.

Why Do Sportsbooks Offer So Many Promo Codes?

There are a variety of reasons why sportsbooks offer so many promo codes but it always comes down to marketing, attracting new customers and retaining existing ones. Having such a variety enables betting providers to widen their incentives to as big an audience as possible to lure in different bettors through different channels.

One reason is that the sportsbook might have different sign-up offers on the go and entering a promo code linked to each one allows users a choice. 

Alternatively, promo codes can be used to monitor the effectiveness of a sportsbook’s in-house campaigns. Promo codes also allow sportsbook users to take part in a promotion or otherwise. Some customers might opt not to take part in a promotion if for example the terms aren’t favorable to them and they believe they can get better value by not using the code.

What Sports Can You Use Your Promo Codes On

Football Betting Bonuses

One of the most popular sports to bet on in the US, football betting bonuses are huge during the season, ramp up further when the playoffs roll around and reach a crescendo as the Super Bowl approaches. You’ll find regular parlay and prop promos appearing on Mondays, Thursdays and Sundays. 

A potentially profitable strategy for NFL games can be to use free bets, parlay insurance and odds boosts to ‘fade the public’. This means betting against the consensus view on who will win. Because so much money is wagered on the biggest NFL showdowns, odds can become seriously stingy on heavy favorites and underplay the chances of underdogs. Using betting offers to back the team with the biggest odds who you think has a chance of the win can return healthy profits with minimal investment and risk.

College Sports Betting Bonuses

Betting on college sports is legal in New York State though not on local teams. Be sure to jump in when you spot short-lived promos for each college football conference and check our parlay offers and odds boosts for building a handful of ranked teams to increase potential payouts. 

It’s undoubtedly March Madness when the sportsbooks go crazy with betting offers. If that’s the sporting highlight in your calendar, save up several welcome promos to make the most of a free bet and deposit match bonanza as you follow college basketball’s showpiece.

Hockey Betting Bonuses

You’ll quite often find that sportsbooks drop risk-free bets during the high and low points of the hockey season. That’s to capitalize on the big money flowing into the Stanley Cup and conference finals but also midseason games that aren’t attracting so much betting interest. It’s not unusual to find ‘bet and get’ offers during those periods that only require a small wager of say $5 to get $20 worth of free bets.

Baseball Betting Bonuses

All the best NY sportsbooks run loads of MLB betting bonus offers most weeks. Many of them are weekly mainstays, particularly on parlays. Look out for the books that offer matched free parlay bets on Saturday and midweek baseball games. 

You’ll also find a few betting sites that offer ‘long shot’ parlay promos where adding a handful of underdogs to your bet slip can land enormous odds. Considering that the less favored team typically wins 40% or more of MLB fixtures each season, there’s a ‘better than hopeless’ chance of making a big profit here.

Basketball Betting Bonuses

NY basketball fans are well served with betting promos with perhaps the widest array of any sport. Moneyline and parlay odds boosts are commonplace for NBA games. You’ll also unearth a multitude of regular props with uprated odds along with a few ‘funky’ ones such as landing a sizable payout if either team scores a three-pointer or player x achieves y number of rebounds.

How to Claim a Promo Code with a Sportsbook

Claiming a sportsbook promo code means finding one first, and you’ll always find a comprehensive rundown of the latest NY sports betting promo codes here at NYSafeBets.com.

Once you’ve identified a code that appeals, you’ll need to download the relevant sportsbooks app and be signed up ensuring you can meet all requirements to do so. Often, a betting site will have a box for entering a promo code at the registration stage. This will be for claiming the welcome offer. Don’t miss it or you’ll miss out.

If you’re up and running at a sportsbook with an existing account, the most common way to claim a promo is to enter the relevant code at the time you make a deposit or by accessing the site’s promotions page and opting in to an offer. You won’t always be asked for a code when applying promos this way but some books will ask for one.

Aside from entering a correct and valid promo code, the single most important thing to remember is that you’ll need to meet all the requirements that apply. Not doing so is the main reason bettors miss out on promotions. 

Read on to understand how to minimize your FOMO (‘fear of missing out’) when it comes to making the most of sportsbook offers.

Common Promo Code Restrictions

There will always be some criteria to meet to claim a betting offer by redeeming a promo code. The restrictions on using promo codes usually aren’t too onerous but they can limit your betting options to some degree.

Minimum Odds

The most common promo code requirement is that the sportsbook will require a wager made using it to have a defined level of minimum odds. This restriction is applied by the bookmaker to prevent bettors from making a quick buck with little risk. 

If there were no minimum odds applied, there would be nothing to stop a professional gambler or high roller from placing a huge stake that would be almost guaranteed to turn a profit. Minimum odds will usually start at -200, rising to evens (+100) depending on the sportsbook and the particular market.

Wagering Requirements

Wagering requirements are the bane of many bettor’s lives when claiming a promo. A wagering, playthrough, rollover or turnover condition affects how and when you can withdraw payouts. A wagering requirement means that you have to wager the bonus funds a certain number of times before payouts are turned into real money. 

So if a $10 free bet has a playthrough requirement of 5x, you will need to use it to place bets worth $50 before you can cash out. One of the only ways to get around a wagering requirement in part is to go low and place the necessary number of bets on heavy favorites (while watching out for minimum odds conditions) to maximize your chances of winning each time.

Expiry Dates

Almost all betting promos will have a date by which they expire. The length of time you have to use bonuses from a promo code varies by sportsbook and offer. They can be as low as 24 or 48 hours and extend to 30 days. The expiry date will be hit after the set period has elapsed from when you were awarded the bonus.

Cash Out

Cashing out bets early is a common reason for invalidating an offer gained by using a promo code. Opting to ‘take your money and run’ when a wager is in progress on a live betting event will usually mean the remainder of the bonus will automatically expire. 

This cash-out rule also applies when you’ve entered a promo code such as ‘bet $10 and get a $10 free bet’. If you cash out the real money $10 early you won’t then get the free bet.

Minimum Deposits

Any minimum deposit requirement when using a betting promo code means that you must meet the threshold for funds added to your account to qualify for the offer. Also, it usually won’t be sufficient to enter a promo code that has a minimum deposit requirement of $20 and then make two separate positive transactions of $10.