The following guide contains a shortlist of New York sports betting bonuses from legal New York sports betting sites. We discuss the most common bonus offers and how to claim a new customer bonus. We’ll also provide an example bonus for you get a feel for how they work.
Though a new customer bonus may appear to be free cash, you should really treat it just like play money. The bonus’ terms and conditions, combined with the sportsbook’s house rules, make it near impossible to come out ahead. Additionally, New York state regulators closely monitor promotional offers to ensure sportsbooks aren’t misleading customers or mispresenting the offer’s rules and limitations.
New York players should view sports betting bonuses as a way to test drive a sports betting site at minimal risk to their bankroll. If you’re reluctant to take the bonus, you don’t have to claim it. In fact, we actually advise you to contact customer service and refuse most offers, as they simply won’t work in your favor.
Of course, we’ll give you the lowdown on BetMGM, our favorite New York online sportsbook, so that you’ll understand its promotional offers prior to registering a new account.
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Table of Contents
Types of Bonuses
New York sports betting bonuses commonly fall into one of three categories depending on the customer’s relationship with the online sportsbook. For example, new customers are typically offered a one-time bonus to get them through the door. Then, once they’ve been playing for a while, they’ll be able to claim bonuses targeted to existing customers.
Common Types of New York Sports Betting Bonuses
The following are different types of betting bonuses. Though the exact categories may vary depending on the particular sportsbook, these are the most common we’ve seen at various legal sports betting sites.
- New Customer Bonuses – Sportsbooks want to earn your business with a generous welcome offer. Note that the sportsbook’s rules will prohibit you from combining a new customer bonus with other offers.
- Existing Customer Bonuses – Commonly targeted to specific sports and wagers, with seasonal availability by sport or event.
- Free Play Contests – Available to all customers. Examples include Pick’em games, novelty video games for prizes, football squares, etc.
- Customer Loyalty Programs – Though not technically a bonus, joining a loyalty program can lead to gifts, special offers, and other perks.
- VIP Benefits and Promotions – Special rewards, prizes, a dedicated host or concierge, and preferential treatment for high-end players.
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New York Sports Betting Bonuses
We love touting BetMGM as one of the best sports betting sites in the country. Note that the availability of bonuses can vary depending on your particular state and sportsbook. For example, an offer that’s available in one state might not be available in another.
For the most part, BetMGM keeps its bonus offerings consistent for US customers, with some differences observed depending on each state’s gaming laws and seasonal customer acquisition campaigns.
- First Bet Offer – If your very first wager loses, you’ll get bonus bets paid back equal to the amount of your first bet. The bonus bets will be credited in five parts equal to the dollar amount of the qualifying wager. For example, a $100 bonus bet would be awarded as 5 x $20 bonus bets.
- Odds Boosts – BetMGM periodically offers odds boosts on select sports leagues. Boosts allow you to potentially collect more money for a winning wager. Look for odds boosts during a league’s peak activity, typically towards the end of its regular season or during its postseason.
- Parlay Insurance Token – Get up to $25 back when one selection of a 4+ selection parlay bet loses. The parlay must have odds of +400 or longer to qualify.
- Same Game Parlay Boosts – BetMGM Boosts let you increase the winnings on a qualifying Same Game Parlay bet. SGP Boosts are most often available for select College Football and NFL games. BetMGM will also randomly credit your account with a SGP Boost from time to time.
- Sweepstakes Prizes – When you wager a qualifying amount each week for a specific league, you’ll be entered to win one of many prizes in one of BetMGM’s Sweepstakes drawings. For example, those who bet at least $100 a week on NFL football will be entered to win tickets to the next Super Bowl.
- Novelty Games for Bonus Bets – Play BetMGM’s unique novelty video games, like “8-Bit Barry”, for a chance to win a bonus bet each week. You can review a current list of novelty games on the promotions page.
- Refer a Friend Rewards – Earn a $100 bonus when your refer a friend to BetMGM, subject to availability in your state and the offer’s terms and conditions.
- Free Play Contests – BetMGM offers free-to-play contests throughout the year, including its famous $100,000 Football Survivor Pool in the fall. Be sure to review BetMGM’s contests for other major events, like the Super Bowl, March Madness, Stanley Cup Finals, and World Series.
BetMGM Signup Bonus
BetMGM’s new customer bonus makes it easy to test drive their sportsbook with little risk. A nominal wager amount returns a pile of bonus bets whether your bet wins or loses. Be sure to use any bonus bets right away, as their expiration date is limited.
Most importantly, note that bonus bets in the amount of $50 or higher are awarded in 1/5 (20%) denominations of the losing qualifying wager. This differs from competitors who award bonus bets in one whole amount equal to the amount of the losing wager.
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BetMGM First Bet Welcome Offer
Important notes:
- Not available in New York, Nevada, and Puerto Rico.
- North Carolina and Puerto new customers qualify for the Bet $5, Get $150 bonus.
- This offer does not apply to customers during a state’s pre-registration period.
Keep the following in mind when it comes to BetMGM’s First Bet bonus offer. Additionally, please note that exact terms and conditions may vary from state to state.
- Minimum deposit is $10. No bonus code is required.
- Only the first $1,500 of a qualifying losing wager is eligible for bonus bets.
- The Bonus Bets will be credited to your account within 24 hours of when you place your qualifying losing wager.
- Bonus Bets will be awarded in 5 denominations equal to 20% of the qualifying wager. $1,000 would be awarded as 5 x $200.
- Bonus Bets must be used within 7 days.
Bonus Details
Don’t lose sight of the following regarding BetMGM’s First Bet welcome offer. Like other new customer bonuses, BetMGM does have a few rules and restrictions to remember:
- First deposit must be $10 or more.
- Only new BetMGM customers in select states can claim the bonus.
- Each bonus bet can only be wagered as a one straight bet, one parlay, or one Same Game Parlay and cannot be split or otherwise divided among multiple bets.
- Any customer claiming this offer will not be eligible to participate in any other new customer promotions. Customers are limited to 5 bonus bets per person, house, IP address, and computer.
- If you cash out the qualifying wager early, you will not be eligible for this promotion.
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How to Claim A New York Sports Betting Bonus
Time needed: 2 minutes
The following steps explain how to apply a bonus code to your new or existing New York sports sports betting account.
- Access your sportsbook account.
Register a new account using one of our recommend sports betting sites or access your existing account.
- New customers must enter all their personal details to create a new account.
Be sure to enter your name, email address, cell phone number, and physical address. You’ll also need to provide the last four digits of your Social Security Number for identity protection purposes.
- Apply the bonus code to your account.
New customers must enter the code in the “promo” field on the new account form. Existing customers must select an offer from the promotions page to apply it to their account.
- Deposit money if necessary.
Deposit funds to your account if the bonus requires an immediate deposit. Use your Visa, MasterCard, or Discover credit or debit card.
- Place qualifying wagers to meet the promotion’s requirements.
Some sports betting bonuses come with minimum wagering requirements, rollovers, and other terms and conditions. Make sure to place qualifying wagers to satisfy the promotion’s requirements.
Bonus | |
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#1 BetMGM REVIEW | New Customers - Sports Betting Odds Boost Token Select Wagers/Good Until Canceled Add'l Terms Bet Now 21+ Playable in NY only Gambling Problem? Call 1-877-8-HOPENY |
FAQs About New York Sports Betting Bonuses
Though a new customer bonus may appear to be free cash, you should really treat it just like play money. The bonus’ terms and conditions, combined with the sportsbook’s house rules, make it near impossible to come out ahead. Additionally, New York state regulators closely monitor promotional offers to ensure sportsbooks are not misleading their customers.
If you’re reluctant to take the bonus, you don’t have to claim it. In fact, we actually advise you to contact customer service and refuse most offers, as they simply won’t work in your favor. New York players should view sports betting bonuses as a way to test drive a sports betting site at minimal risk to their bankroll.
In select states: If your very first wager loses, you’ll get bonus bets paid back equal to the amount of your first bet. The bonus bets will be credited in 5 parts equal to the 20% of the qualifying wager. For example, a $100 bonus bet would be paid as 5 x $20 bonus bets.
Get up to $25 back when one selection of a 4+ selection parlay bet loses. The parlay must have odds of +400 or longer to qualify.
BetMGM Boosts let you increase the winnings on a qualifying Same Game Parlay bet. SGP Boosts are most often available for select College Football and NFL games. BetMGM will also randomly credit your account with a SGP Boost from time to time.
When you wager a qualifying amount each week for a specific league, you’ll be entered to win one of many prizes in one of BetMGM’s Sweepstakes drawings. For example, those who bet at least $100 a week on NFL football will be entered to win tickets to the next Super Bowl.
One way to earn bonus bets is to play BetMGM’s unique novelty video games, like “8-Bit Barry”, for a chance to win a bonus bet each week. You can review a current list of novelty games on the promotions page.