
BetMGM
Best rewards program
Welcome offer
Get up to $1,500 back in Bonus Bets if your first bet loses
- High-value welcome offers
- MGM Rewards points in the US
21+. New customers only. Gambling problem? Call 1-800-GAMBLER. Bonus bets expire in 7 days.
3 licensed sportsbooks compared
Welcome offers from licensed sportsbooks in the US, ranked by value and fairness of the terms.

Best rewards program
Welcome offer
Get up to $1,500 back in Bonus Bets if your first bet loses
21+. New customers only. Gambling problem? Call 1-800-GAMBLER. Bonus bets expire in 7 days.

Best odds and market depth
Welcome offer
Bet $5, Get $200 in Bonus Bets
21+. New customers only. Gambling problem? Call 1-800-GAMBLER. Bonus bets expire in 7 days.

Best for low deposits
Welcome offer
Second-chance bet up to $500
21+. New customers only. Gambling problem? Call 1-800-GAMBLER. Terms apply.
We compared the welcome offers of every licensed sportsbook in the US on real value after wagering requirements, minimum odds, time limits and how easy they are to claim. A large headline number with harsh terms ranks below a smaller, fairer offer.
Welcome offers in the US come in a few standard shapes. A second-chance offer refunds your first bet as bonus bets if it loses. A bet-and-get offer gives you a fixed amount of bonus bets once you place a small qualifying wager, whether it wins or loses. Deposit matches, more common in casino than in sports betting, add a percentage of your first deposit as bonus funds.
The key detail is that bonus bets are not cash. In most cases, when a bonus bet wins you receive only the profit, not the bonus stake, and bonus bets usually expire after a set number of days. Offers can also differ from state to state, and several regulators have restricted promotional wording such as risk-free, so always read the version shown in your state.
BetMGM ranks first, and its current welcome offer gives you up to $1,500 back in bonus bets if your first bet loses. It is a high ceiling, but you only get the full value if you place a large first bet and lose it, and its promo terms are more complex than most. Its biggest long-term advantage is MGM Rewards, which earns points on every bet that can be used at MGM resorts.
bet365's offer is bet $5, get $200 in bonus bets. It suits bettors who want guaranteed bonus bets for a small stake, and its sharp everyday odds make it a good place to keep betting once the bonus is used. BetRivers offers a second-chance bet of up to $500, a lower ceiling than BetMGM's, and adds the iRush Rewards loyalty programme. It also has a smaller promotions calendar than the other two.
A welcome offer is a one-time boost, not a reason to bet more than you planned. Choose the sportsbook whose everyday odds, markets and app suit you, and treat the bonus as a small extra. If a promotion pushes you to deposit more than you intended, that is a good moment to step back.