With 20.2 million residents and a $2 trillion GDP, New York offers one of America’s biggest sports betting markets. Not surprisingly, NY sportsbook promos are some of the top deals in online betting.
You’ll find the best New York sportsbook promos on this page, along with info on bonus types, T&Cs, banking methods, and more.
The Latest NY Sportsbook Promos May 2023 & Promo Codes
The following New York sportsbook offers are welcome bonuses available to new depositors. You can compare these NY sportsbook promotions in terms of size and what they’re offering.
Sportsbook
Sign-Up Bonus
Promo Code
1. Caesars
First-bet insurance up to $1,250 + 1,000 Rewards & Tier Credits
CRZFULL
2. DraftKings
Bet $5, Get $150
N/A
3. BetMGM
First-bet insurance up to $1,000
N/A
4. FanDuel
Bet $5, Get $150
N/A
5. PointsBet
Up to $250 in Second Chance Bets
N/A
6. Barstool
First-bet insurance up to $1,000
N/A
7. BetRivers
Second Chance Bet up to $100
SPORTS
8. Bally Bet
N/A
N/A
Top 8 Betting Sites for NY Sportsbook Promos
Plenty of great New York sportsbook promos are available, but where can you find the absolute best deals? The following online sportsbooks are our favorites for promos in the New York sports betting market. These sites stand out due to the frequency, size, and/or fair T&Cs of their bonuses.
- Caesars – One of the largest first-bet insurance bonuses, plus 1,000 Tier & Rewards Credits.
- DraftKings – Frequent odds boosts, parlay bonuses, and other promotions.
- BetMGM – Provides an interesting balance between online sportsbook and land-based resort promos.
- FanDuel – Runs no sweat same game parlay promotions each weekend.
- PointsBet – Second chance promo offers up to five separate bonus bets.
- Barstool – Provides bet insurance on various sports, such as basketball and golf.
- BetRivers – Nice range of promotions, including matched bets, insurance, and loyalty rewards.
- Bally Bet – Gives you trophies and bonus bets for completing milestones.
Reviews of the Best New York Sportsbook Promos
You can see the best NY sportsbook promos above. But by now, you may be wondering why these are the top New York sportsbook betting promotions. We’ll explain the why below, while going over the pros and cons of each top New York sportsbook bonus. You’ll also find any relevant New York sportsbook promo codes in the following reviews.
1. Caesars – Get First-Bet Insurance & Rewards Points
Sportsbook facts:
- Website: sportsbook.caesars.com/us/ny/bet/
- Payout time: 1-3 days
- Established: 1996
- Headquarters: Reno, USA
Our Verdict (Rating 9.6/10)
The Caesars NY sportsbook bonus offers the following perks:
- First-bet insurance up to $1,250
- 1,000 Reward Credits® ($10 value)
- 1,000 Tier Credits
Caesars provides New Yorkers with one of the industry’s largest bet insurance offers at up to $1,250. Simply put, you place your first wager of $10 or more at Caesars Sportsbook NY. You’ll keep the winnings like normal if you win, while the insurance kicks on a losing wager. You receive a matching bonus bet worth up to $1,250 in the latter scenario.
By comparison, most NY online sportsbooks with these deals offer up to $1,000 in insurance or less. They also don’t include loyalty points in the welcome packages like Caesars New York does. One minor downside, though, is that the potential bonus bet comes as a lump sum rather than multiple wagers.
Aside from the welcome bonus, this online sportsbook offers one of the top loyalty programs. Caesars Rewards allows you to earn online bonus bets and resort benefits. You can also expect other promotions beyond the welcome deal.
Caesars New York Welcome Bonus (Rating 9.8/10)
You can quickly claim this NY sports betting promo through the steps below. Note that this deal and certain others on our list will require New York sportsbook promo codes:
- Visit Caesars NY through our Techopedia link.
- Sign up and use the bonus code ‘CRZFULL’.
- Deposit $10 or more.
- Place a first bet worth at least $10.
- If you lose, you’ll receive a matching bet credit within two business days.
Notable terms and conditions behind this deal include:
- 1x rollover
- You must place your first $10+ wager within 30 days of registering
- Bonus bet has to be used within 14 days of receiving it
Caesars NY Sports Bonuses
Bonus name
Bonus amount
Promo code
Wagering Requirements
Minimum deposit
Sports Sign-up Offer
First-bet insurance up to $1,250 + 1,000 Rewards & Tier Credits
CZRFULL
1x
$10
Insurance for specific sports (eg golf)
Receive your stake back under specific circumstances
N/A
1x
$25
Pros & Cons
Pros:
- Up to $1,250 in first-bet insurance
- 1,000 Rewards & Tier Credits
- Multiple promotions are typically available
- Great rewards program
Cons:
- Bonus bet must be used as a single wager
2. DraftKings – Largest Number of Promotions
Sportsbook facts:
- Website: sportsbook.draftkings.com/ny-sports-betting
- Payout time: 1-3 days
- Established: 2012
- Headquarters: Boston, USA
Our Verdict (Rating 9.5/ 10)
DraftKings New York offers a ‘Bet $5, Get $150’ bonus. In other words, you only have to place a $5 wager to receive $150 in bonus bets. This welcome deal breaks down into six wagers worth $25 each. We highly recommend the DraftKings NY bonus for low rollers, but it might leave big bettors wanting more.
You can expect a wide variety of other promotions beyond the welcome bonus. DraftKings offers many short-term profit boosts and parlay boosts for various sports. For example, you might get a 33% profit boost on MLB same game parlay winnings.
The DraftKings VIP program offers one more path towards extra winnings. You’ll earn loyalty points and complete missions on the way towards rewards. Don’t forget to stop by the virtual DK Shop too and get discounts on merchandise.
DraftKings NY Welcome Bonus (Rating 9.6/10)
You can collect this DraftKings sports betting promo by following the steps below:
- Follow one of our links and visit DraftKings New York.
- Sign up for an account (no bonus code needed).
- Deposit $5 or more.
- Place a first bet worth $5 or larger.
- Receive six bonus bets worth $25 apiece ($150 overall).
Here are some crucial terms and conditions behind this deal:
- Bonus bets are available for seven days
- Excludes bonus wagers, odds boosts, and profit boosts
- 1x rollover
DraftKings NY sports bonuses:
Bonus name
Bonus amount
Promo code
Wagering Requirements
Minimum deposit
New Customer Offer
Bet $5, get $150
N/A
1x
$5
Regular odds and profit boosts
Varies
N/A
N/A
Minimum bet
Refer-a-friend
Up to $100 bonus bet
Send friend a link
N/A
$25
Pros & Cons
Pros:
- Low barrier to $150 bonus
- Excellent variety of promos
- Fun DraftKings missions
- DK Shop rewards
Cons:
- Welcome bonus won’t satisfy high rollers
3. BetMGM – Great Combo of Online & Resort Promos
Sportsbook facts:
- Website: sports.ny.betmgm.com
- Payout time: 2-4 days
- Established: 2018
- Headquarters: Jersey City, USA
Our Verdict (Rating 9.3/10)
The BetMGM NY bonus provides up to $1,000 in first-bet insurance. As you’ll see throughout this page, up to $1k in first-wager insurance is common throughout the Empire State.
This online sportsbook does separate itself, though, through a unique combination of online and land-based promotions. For the online side, you can expect refer-a-friend bonuses, odds boosts, and prize drawings. Resort promos include MGM Grand Las Vegas hotel discounts and Tier Status Accelerators.
The MGM Rewards program provides more chances to earn benefits at land-based properties. Your online bets will lead to more discounts for MGM’s hotel rooms, concerts, and amenities. We’d like to see more of an online angle for the rewards program, but everything else is great.
BetMGM New York Welcome Bonus (Rating 9.2/ 10)
The BetMGM NY sportsbook bonus is available through the following steps:
- Visit BetMGM New York using one of our links.
- Register for an account (no promo code necessary).
- Make a minimum deposit of $10 or more.
- Place your first $10+ bet.
- Collect a matching refund (bonus bets) if you lose.
Here are some important terms and conditions behind BetMGM’s welcome bonus:
- 1x rollover
- Deposit and wager at least $10
- If you place a $50+ losing bet, you’ll receive five equal-sized bonus bets (eg $100 loss = five $20 wagers)
- Seven days to use bonus bets after receiving them
BetMGM NY sports bonuses:
Bonus name
Bonus amount
Promo code
Wagering Requirements
Minimum deposit
Sports Sign-up Offer
First-bet insurance up to $1,000
N/A
1x
$10
Refer-a-friend
$50 per friend
Send friend a link
Friend must wager $50+
$10 (friend)
Pros & Cons
Pros:
- Good balance between online and resort promos
- Solid welcome bonus
- MGM Rewards offers many land-based benefits
- Steady stream of promotions
Cons:
- More online perks needed for MGM Rewards
4. FanDuel – Offers Regular SPG Promos
Sportsbook facts:
- Website: ny.sportsbook.fanduel.com
- Payout time: 1-5 days
- Established: 2009
- Headquarters: New York, USA
Our Verdict (Rating 9.1/10)
The FanDuel New York bonus is another ‘Bet $5, Get $150’ deal, just like DraftKings. The only minor difference is that you must make a $10 minimum deposit instead of $5. Of course, most bettors won’t mind having to deposit slightly more to get their bonus wagers.
FanDuel keeps the NY sportsbook promos coming with temporary no sweat bets and same game parlay bonuses. Regarding the latter, it offers a no sweat same game parlay on 3-leg SPGs or larger. You can also look forward to daily prize pools, where the biggest bettors collect cash prizes.
No VIP program is available for FanDuel’s New York sports bettors but this bookmaker offers enough promos to make up for the lack of loyalty rewards.
FanDuel NY Welcome Bonus (Rating 9.5/10)
The FanDuel New York bonus is available through five simple steps:
- Go to FanDuel through one of our links.
- Complete registration (no bonus code necessary).
- Deposit $10 or more.
- Bet at least $5.
- Receive $150 in bonus bets.
Some T&Cs worth mentioning include the following:
- 1x wagering requirements
- $10 minimum deposit
- $5 minimum wager
- You receive bonus bets within 72 hours of betting $5+
- Bonus wagers last for 14 days
FanDuel NY sports bonuses:
Bonus name
Bonus amount
Promo code
Wagering Requirements
Minimum deposit
New Customer Offer
Bet $5, Get $150
N/A
1x
$10
No Sweat Same Game Parlay
Up to $100
N/A
3-leg bet at +400 odds or larger
$1
Pros & Cons
Pros:
- Good bonus for low rollers
- Regular no sweat SPG promos
- Solid number of promotions
- Daily prize pools
Cons:
- No VIP program for sports bettors
5. PointsBet – Potentially Receive 5 Bonus Bets
Sportsbook facts:
- Website: ny.pointsbet.com
- Payout time: 1-4 days
- Established: 2019
- Headquarters: Denver, USA
Our Verdict (Rating 8.9/10)
PointsBet features one of the most-unique deals among NY sportsbook promos. It offers up to $250 in second chance bets, spread out over a five-day period. Simply put, you can go for one second chance bet up to $50 over your first five days.
The good news is that you can split this bonus up over a 10-day period. The difficult part, though, is that you must place one wager every day to maximize the offer.
Regarding its other New York sportsbook bonuses, PointsBet features several temporary promos at any given time. Most of these deals provide bonus bets when you’ve placed so many qualifying wagers. As you’ll see in the next section, we didn’t list any of these offers because they’re short term.
PointsBet NY Welcome Bonus (Rating 9.0/10)
Here’s how to get the PointsBet New York Sportsbook bonus:
- Go to PointsBet NY via our link.
- Register for an account (no code needed).
- Make a $10 minimum deposit.
- Bet up to $50 on one or more days during the first five days.
- Your first losing wager of the day delivers a matching second chance bet.
The following T&Cs apply to this New York sports betting promo:
- Deal is available for the first five days after you deposit
- Bonus only applies to fixed-odds bets (not PointsBetting)
- If you don’t place a wager within five days, then you’ve missed out on the promo
- Second chance bets (a.k.a. bonus bets) arrive within 24 hours after a loss
- $0.50 is the minimum qualifying daily wager
- Bonus bets last for 14 days after hitting your account
PointsBet NY sports bonuses:
Bonus name
Bonus amount
Promo code
Wagering Requirements
Minimum deposit
Second Chance Bets
Up to $250 in second chance bets
N/A
1x
$10
Pros & Cons
Pros:
- Get up to five bonus bets
- Welcome offer lets you spread out wagers
- Consistent short-term bonuses
- Only a $0.50 minimum bet required
Cons:
- Max. bonus requires at least one bet on five consecutive days
6. Barstool – Has Multiple Bet Insurance Promos
Sportsbook facts:
- Website: barstoolsportsbook.com
- Payout time: 1-5 days
- Established: 2003
- Headquarters: Chicago, USA
Our Verdict (Rating 8.6/10)
Barstool offers insurance worth up to $1,000 on your first bet. You’ll receive a matching bonus bet refund if your initial wager loses. You must place the bonus bet at -200 minimum odds or greater (eg -140) to meet 1x rollover.
Staying with the insurance theme, Barstool features multiple other promos revolving around second chance bets. For example, one of these temporary promos might offer insurance on golf picks.
The PENN Play program gives you an opportunity to rack up rewards through online betting. You’ll receive hotel discounts, meal discounts, and more at Penn Entertainment properties. You can also earn PENN Cash, which can be spent at grocery stores and gas stations.
Barstool NY Welcome Bonus (Rating 8.8/ 10)
Interested in getting Barstool’s welcome bonus worth up to $1k in bet insurance? If so, here are the steps you should follow:
- Go to Barstool through our link.
- Complete the sign-up process (no code).
- Deposit $10 or more.
- Place your first bet of $10 or larger.
- Collect a matching bonus wager if your first bet loses.
The terms and conditions behind this deal are:
- 1x rollover at -200 odds or greater
- $10 minimum deposit
- $10 minimum first wager
- Must place your first bet within 30 days of registering
- Bonus wagers disappear after seven days
Barstool NY sports bonuses:
Bonus name
Bonus amount
Promo code
Wagering Requirements
Minimum deposit
New Player Bonus
Up to $1,000 in first-bet insurance
N/A
1x
$10
Pros & Cons
Pros:
- Up to $1k in first-wager insurance
- Multiple other bet insurance offers
- PENN Play rewards program
Cons:
- Fairly restrictive odds (-200) on bonus bets
7. BetRivers – Has the Best Variety of Promos
Sportsbook facts:
- Website: ny.betrivers.com
- Payout time: 1-5 days
- Established: 2020
- Headquarters: Chicago, USA
Our Verdict (Rating 8.3/10)
The BetRivers NY Sportsbook bonus is a second chance bet worth up to $100. While not the state’s biggest offer, this deal at least provides something for new bettors.
BetRivers’ real strength is in its variety of promotions. This online sportsbook delivers matched bets, insurance, pick’em contests, Bonus Store merchandise, and iRush Rewards.
Speaking of the latter, you’ll receive loyalty points based on your betting action. You can visit the Bonus Store to redeem your points for prizes (eg bonus bets).
BetRivers NY Welcome Bonus (Rating 7.9/10)
You can get the BetRivers New York bonus by following the steps below:
- Go to BetRivers NY via our link.
- Register and enter the promo code ‘SPORTS’.
- Make a $10 minimum deposit.
- Place your first wager worth $10 or more.
- If you lose, you’ll receive a matching bonus bet up to $100.
Notable T&Cs on this deal are as follows:
- Requires code ‘SPORTS’
- 1x wagering requirements
- You receive the bonus wager within 24 hours of losing
- The bonus bet is only eligible for -200 odds or greater (eg -165)
- Bonus wagers are only available for 30 days after hitting your account
BetRivers NY sports bonuses:
Bonus name
Bonus amount
Promo code
Wagering Requirements
Minimum deposit
Second chance bet
Up to $100
SPORTS
1x
$10
Multiple matched bets + insurance promos
Varies
N/A
Varies
Minimum required bets
Pros & Cons
Pros:
- Great variety of promos and bonuses
- iRush Rewards program
- Exchange points for Bonus Store items
Cons:
- Second chance bet only worth up to $100
8. Bally Bet – Trophies Lead to Bonus Bets
Sportsbook facts:
- Website: ballybet.com/ny
- Payout time: 2-5 days
- Established: 2020
- Headquarters: Providence, USA
Our Verdict (Rating 7.3/10)
Bally Bet takes a hit immediately because it doesn’t offer a welcome bonus. However, it does partially make up for its lack of a welcome offer with various perks.
The Bally Rewards program sees you accumulate points when placing online wagers. You can then cash in these points online or through Bally’s land-based properties.
This bookmaker also offers trophies as you surpass certain betting milestones. Each trophy provides you with a special award, with bonus bets being common.
Bally Bet NY Welcome Bonus (Rating N/A)
Again, no Bally Bet Sportsbook bonus is available in New York nor any other state. So you don’t need to worry about following any steps to claim a welcome offer here.
Pros & Cons
Pros:
- Bally Rewards program
- Unique trophy system
- Earn bonus bets through trophies
Cons:
- No welcome bonus available
FAQs
What is the best New York sports betting promo?
Are NY sportsbook promos worth it?
What New York sportsbook has the best parlay bonuses?
What is the best New York sportsbook promo code?
Do you need a promo code at New York sportsbooks?
Are NY sportsbook promos legit?
How to Claim Sportsbook Promos in New York
Fortunately, you don’t need to put much work into claiming New York sportsbook promotions. Using Caesars NY as an example, the following steps show how easy it is to land betting bonuses.
Step 1 – Visit a Betting Site & Pick Your State
You can visit NY betting sites and qualify for the best New York sportsbook promos through our links. Once on the app/website, you’ll have to enter your state before continuing.
Step 2 – Sign Up & Enter the Proper Code
You’ll need to register for an account before being able to deposit. During this process, you may also have to enter a bonus code to qualify. Again, not all New York sportsbook offers require promo codes, but some do.
Step 3 – Make a Deposit
Most New York sportsbook promos call for a $10 minimum deposit. Of course, you stand to qualify for extra bonus funds by depositing more. We suggest closely looking at the minimum and maximum deposits before funding your account.
Step 4 – Meet any T&Cs like Rollover
The final step is to meet the terms and conditions of your bonus by placing bets. You may need to make a series of wagers or just one to satisfy the rollover requirement.
Types of Sports Bonuses Available
Several types of New York sports betting promotions are available. You can see a brief overview of each type and where to find them below.
Bonus Type
About
Recommended Site
Welcome Bonuses
Caesars – Up to $1,250 in first-bet insurance + 1,000 Rewards & Tier Credits
First-Bet Insurance
BetMGM offers bet insurance up to $1,000
Second Chance Bets
PointsBet – Up to $250 in second chance bets
No Sweat Bets
FanDuel – Runs a weekend no sweat bet for same game parlays
Ongoing Promotions
BetRivers has one of the largest quantities of ongoing promos.
No Deposit Bonuses
Currently N/A for New York
Parlay Insurance
FanDuel offers multiple parlay insurance promos
Odds Boosts
DraftKings normally has several odds boosts at any given point
Referral Bonuses
BetMGM pays $50 for each referral
Loyalty Bonuses
Barstool offers loyalty rewards through the PENN Play program
T&Cs for New York Sports Betting Promos
All NY sportsbook promos come with terms and conditions attached, which you’ll need to meet before being able to withdraw any bonus funds. Here are some of the most common terms regarding New York sportsbook promotions.
- Rollover/wagering requirements: You must wager a multiple of the bonus (usually 1x in NY) before withdrawing bonus funds.
- Promo code: You may have to enter a promo code during registration to qualify.
- Min./max. deposit: All sportsbook promos in New York require a minimum deposit (normally $10). Meanwhile, the max. refers to what you must deposit to get the maximum bonus (eg $1,000).
- Min. bet: You’ll have to bet a certain amount to qualify for a given bonus (eg $10 for first-bet insurance).
- Expiration date: Most NY sports betting promotions expire within 7-30 days of you making a deposit.
- Number of bets: Some promos involve a series of wagers, such as PointsBet’s bonus spreading out over five bets/days.
- Minimum odds: Bookmakers impose minimum odds (eg -250) to ensure that you don’t back heavy favorites to meet rollover.
Mistakes to Avoid when Claiming a New York Sportsbook Bonus
You certainly don’t want to miss out on any money when chasing New York sportsbook promos. Luckily, you can avoid this fate by studying the most common mistakes involving NY sportsbook promos.
- Mistake #1: Using the wrong promo code
The wrong bonus code will qualify you for a deal that you may not want. Double check NY sportsbook promo codes before finishing registration to avoid this problem. - Mistake #2: Missing terms on parlay bonuses
Parlay promos usually have very specific terms, such as 3+ legs and at least +375 odds. You should always read T&Cs carefully but especially with parlay promotions. - Mistake #3: Letting bonus bets expire
Bonus wagers come with fairly short expiration dates, sometimes as little as seven days. Note how long you have to use these bets to avoid losing them. - Mistake #4: Not making the minimum deposit and bet
Most sportsbooks use their regular minimum deposit and wager for betting promos. In special cases, though, you might have to deposit or bet more than the regular minimum. - Mistake #5: Cashing out before meeting rollover
The majority of NY sports betting bonuses require 1x rollover before a cashout. If you make a withdrawal before this, then you’ll normally lose the bonus funds.
Types of Payment Methods
NY betting sites and other types of New York gambling sites offer several payment methods. Therefore, you’ll have options when funding your account and cashing in on NY sportsbook bonuses. Here are the different types of banking methods available in the Empire State:
- ACH/e-check: Send or receive a sportsbook payment through your bank account.
- Bank cards: Credit and debit cards allow for instant deposits and can sometimes be used for withdrawals.
- Cashier cage: Visit a land-based New York sportsbook and make your online deposit or withdrawal in person.
- E-wallet: A payment service that links to your bank account and makes deposit and cashouts faster.
- Prepaid cards: You load money onto these cards and place instant sportsbook deposits and withdrawals.
- Wire transfer: Lets you move money directly to a betting site (vs. through the ACH system).
Are New York Sportsbook Promos Legal?
Online sports betting is legal through Senate Bill S17D. By extension, promos that NY betting sites run are legal so long as they don’t violate state advertising and marketing standards.
Online bookmakers can’t use misleading terms or messages when promoting bonuses. For example, they’re not allowed to use “free bets” when describing bonus bets. These wagers aren’t completely free because they come with terms and conditions.
In a general sense, though, you can have confidence when pursuing New York sportsbook bonuses. These deals are perfectly legal and will help you accumulate extra winnings.
The Best NY Sportsbook Promo
Plenty of fine New York sports betting promotions are available, but the Caesars NY bonus trumps them all. We put this welcome package on top for two main reasons:
- Caesars offers the biggest first-bet insurance deal at up to $1,250.
- You get 1,000Tier and 1,000 Rewards Credits in addition to the insurance.
Of course, the one weakness to this offer is that you only receive one bonus bet when losing. If you wager and lose $1,000, for example, you’ll get a single $1,000 bet. We always prefer receiving multiple bonus wagers with such deals.
Nevertheless, we still love the overall package being offered here. The amount of bet insurance combined with many loyalty points makes this deal a winner.
Jeremy has been writing about gambling since 2004, when he began covering poker and casino games. He has since written and ghostwritten thousands of pieces involving casino games, poker, and sports betting. While he's covered strategy and news in the past, his key areas of focus today include how-to pieces, promotions, and reviews. Jeremy currently writes for BasketballInsiders, Gambling.com, OnlineUnitedStatesCasinos, and Props.com.
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