Get Up to $1,000 Back in Bonus Bets if First Bet Loses
BONUS CODE
MLIVEMGM
Best sportsbook promos 2023
All sportsbooks have different welcome bonuses for newly registered bettors. Here is a table outlining top sportsbooks’ welcome offers for 2023 with associated information.
Best sportsbook bonuses & promotions
This week’s best sportsbook promos
The best sportsbook promo
Caesars Sportsbook is offering the best bonus in our opinion. The bonus gives new users $250 in bonus bets when you make a first-time wager of $50. This structure is standard for most sportsbook offers. FanDuel Sportsbook is offering a Bet $5, Get $200 in Bonus Bets offer. PointsBet Sportsbook also has a terrific bonus that gives new users ten-second chance bets up to $100 in value each.
We will discuss each of the sportsbook promos available in Michigan in-depth on this page.
Sportsbook promos
There are many outstanding promos to choose from across the sports betting industry. They all vary in structure, delivering different amounts of value to sports bettors. We have conducted a thorough analysis of the top sportsbook promos among Michigan sports betting sites. Read on to find out more about each brand-specific promo offer.
Caesars
After evaluating all of the top sportsbook promos, we have concluded that Caesars Sportsbook has the best offer. This is somewhat expected considering Caesars’ excellent brand reputation.
Caesars Sportsbook Michigan is offering new users $250 in bonus bets when you place a first-time wager of $50. The structure of this bonus is comparable to many other Caesars promos, but this offer has one of the highest dollar values of any in the state. The minimum qualifying deposit for this promo is $50 and you must use the promo code ‘SLMLIVEGET’ to claim it.
There are some terms and conditions to be aware of with this bonus before claiming it. You will receive your first $50 bonus bet immediately after placing your qualifying wager. You will then receive a $50 bonus bet each Monday for the next four weeks.
Another great aspect of the Caesars Sportsbook Michigan offer is that you also receive 1,000 Tier Credits and 1,000 Rewards Credits towards the Caesars Rewards loyalty program.
Accepting players from
AZCOD.CIAILKSLA
+13 More
MAMDMINJNVNYOHPATNVAWAWVWY
Payment Methods
BetMGM
One of the best Michigan sportsbook promos can be found at BetMGM Sportsbook.
BetMGM Sportsbook’s main welcome bonus offer is a first bet match promo that grants users back up to $1,000 in bonus bets if their first wager loses. This promo format is common around the industry, but the aspect of it that makes it better than similar bonus offers is that the bonus funds you receive can be broken down into multiple bonus bets as opposed to just one. The minimum qualifying deposit to claim this offer is $10.
To be eligible for the bonus, you need to be at least 21 years of age or older, be present within Michigan state lines, registering for a brand new account. To claim it, use the promo code ‘MLIVEMGM‘.
If your initial wager on BetMGM Sportsbook Michigan wins, you are returned your initial stake and the winnings, negating the bonus altogether. If it loses, however, you are returned your initial wager amount and also receive $1,000 back in the form of Bonus Bets. These bonus bets have to be used within seven days of receipt or they will expire. The bonus bets will be credited to your account within 24 hours of your initial wager settling, but they are not immediately able to be withdrawn.
There is a 1x playthrough requirement on the bonus bets which helps deliver value overall on this bonus. We believe this is the best aspect of the bonus. There is also no promo code necessary to receive this BetMGM Sportsbook Michigan welcome offer.
Accepting players from
AZCOD.CIAILINKS
+14 More
LAMAMDMIMSNJNVNYOHPATNVAWVWY
Payment Methods
BetRivers
BetRivers Sportsbook is offering an excellent second chance bet bonus that provides great value to Michigan sports bettors even with a lower pure dollar value than other top sports betting sites.
The BetRivers Michigan bonus grants all new users up to a $500 second chance bet bonus by using the promo code ‘SPORTS’. This promo does have a set expiration date of September 30, 2023, so we recommend taking advantage of this offer as soon as possible. To claim it, you have to be of legal gambling age and be physically present in Michigan.
You must make an initial deposit and place your first wager with your own funds on BetRivers. If the wager wins, you collect winnings with no strings attached, and the bonus offer is entirely negated. However, if it loses, you can receive a singular bonus bet equal to your stake up to $500. The bonus bet will be loaded to your account within 24 hours of the initial wager being graded as a loss.
The minimum qualifying deposit on this bonus is $10. The only exclusion for bet types is those that are Profit Boosts. There are no playthrough requirements in place for the bonus bet to be cashed out after you receive the funds back. However, the bonus bet must be utilized on a wager that has -200 odds or longer.
Accepting players from
AZCOCTIAILINLA
+7 More
MDMINJNYPAVAWA
Payment Methods
DraftKings
DraftKings Sportsbook is a prominent name in the Michigan sports betting industry, and they offer a very solid welcome bonus. The pure dollar value of it is comparable to the industry standard, and the format is player-friendly.
DraftKings is new users the chance to bet $5 to receive $200 in bonus bets instantly. Only having to wager $5 in order to receive $200 in bonus bets is quite favorable for new players.
Eligibility requirements include being of legal gambling age, being in the state of Michigan when you place wagers, and also being an entirely new account. DraftKings has an online casino product and a daily fantasy sports product so if you have previously made accounts with either of them, you are ineligible to receive this promo.
There are a few terms and conditions to be aware of with the DraftKings MI bonus. Your $200 in bonus bets will be awarded in six, $25 bonus bets.
There is a 5x playthrough requirement on the matched funds meaning that you must deposit $5,000 and place $25,000 worth of wagers to get the full bonus. All of these wagering requirements have to be met within 90 days and all wagers must be -300 odds or longer to qualify.
Accepting players from
AZCOCTIAILINKS
+14 More
LAMDMINHNJNYOHORPATNVAWAWVWY
Payment Methods
FanDuel
FanDuel Sportsbook has a solid welcome offer that is pretty favorable to new users.
FanDuel Michigan offers users a Bet $5, Get $200 in Bonus Bets offer to go along with $100 off your NFL Sunday Ticket purchase. The promo is on the Promotions page on FanDuel. The minimum deposit required to claim this offer is $10. The bonus funds are issued as bonus bets that expire 7 days after receipt and cannot be withdrawn as cash.
Bet $5, Get $200 in Bonus Bets + $100 off NFL Sunday Ticket
Live Streaming
Live Betting
Elite App Speed
The best part of this bonus is that there is no true rollover requirement in place. All you need to do is place wagers using the Bonus Bet credits and once this is done and the wagers have settled, only then can you withdraw them as cash
Accepting players from
AZCOCTD.CIAILIN
+16 More
KSLAMAMDMIMSNJNVNYOHPATNVAWAWVWY
Payment Methods
FOX Bet
If there is a bonus that has a clear-cut claim to presenting the lowest value to Michigan bettors, it has to be the one on FOX Bet Sportsbook.
FOX Bet Sportsbook has a welcome offer that grants up to $50 in Bonus Bets if your first wager loses. After creating an account and opting into the promo, you will place your first wager. FOX Bet will refund it as a bonus bet up to $50. The maximum value of this bonus is $50, but we recommend claiming all bonuses in Michigan regardless. There is no rollover requirement on this bonus which means you only need to front $50 of your own money to earn the bonus bet.
When you opt into Fox Bet promo, you have just seven days to place your initial wager. If it wins, you claim the winnings like normal, and the bonus is done away with. Only if it loses do you receive a bet credit. With a short timespan of just seven days to use the bet credit, we recommend using it quickly after receipt.
PointsBet
PointsBet Sportsbook is a global giant in the industry and they have delivered excellent promotional value to their user base for over a decade.
The PointsBet Michigan welcome bonus grants new users up to five individual Second Chance Bets, up to $1000 in total. There is an argument to be made that this offer provides some of the best value in the industry because of the Second Chance nature of it. There are two chances to receive a 5x$100 bonus, essentially. The minimum qualifying deposit to claim this offer is $10.
To be eligible for it, you must be of legal gambling age and be registered for a new account with the platform for PointsBet Sportsbook.
There are some important exclusions and parts of the terms and conditions to note with this promo. The only wagers that qualify are fixed odds wagers, meaning the popular feature of PointsBet, PointsBetting, is excluded from application to the bonus funds.
Second Chance Bet credits are given out within 24 hours of your initial wager settling and expire within seven days. They can’t be withdrawn as cash until they are used, meaning that there is basically a 1x playthrough requirement on them.
Sports Illustrated
Sports Illustrated Sportsbook offers a unique format to the sports betting scene with its welcome bonus in the form of a Bet & Get promotion. This is one of the absolute Sports Illustrated highest-value offers you will find despite the low dollar amount you can realize.
The offer is to bet $20 & get $200 in bonus bets. To claim this offer, you need to use the promo code ‘SI200’. The minimum qualifying deposit amount is $20 and your first bet has to be +120 odds or longer which is far less favorable than the industry standard in that regard. Once the first qualifying bet you place settles, you receive eight individual $25 bonus bets in addition to the cash winnings from the initial wager, if applicable.
WynnBET
For being such a major name in the sports betting industry, WynnBET Sportsbook offers a fairly average welcome bonus. If you are solely interested in sports betting, this bonus will deliver less value to you specifically. To claim this offer, use the promo code ‘XMIMLIVE‘ during registration.
WynnBET Michigan’s welcome promo is a Bet $100, Get $100 structure, but is intended for you to get involved on both WynnBET Sportsbook and WynnBET Casino. When you bet $100 on WynnBET Sportsbook, you can receive $50 in bonus bets and $50 in casino bonuses. There is no wagering requirement attached to this bonus, meaning that you can wager either of these bonuses and cash them out immediately after utilizing them.
Qualifying wagers for this promo are -120 odds or longer. You will receive all bonus funds within 72 hours of the initial wager settling.
MI sportsbook promo types
Before looking for the best MI sportsbook promo that suits you, it is important to understand the details of each type of bonus. There are five primary forms of welcome bonus offer in Michigan and they are as follows:
Bet & get
Bet & get promos are one of the rare types of bonuses to see at sportsbooks, but they can be some of the highest values out there. The structure of a standard bet & get requires bettors to deposit and place a certain value of wagers and then in turn will receive a certain dollar amount back in the form of bonus funds.
Deposit match
Deposit matches are a very common form of bonus available at most top MI sportsbooks: This type of promo requires players to deposit a certain amount and then the sportsbook will ‘match’ the deposit after all wagering requirements are unlocked. Some sportsbooks will unlock the funds progressively and incrementally as you work towards the wagering requirements.
First bet match
The First Bet Match promo type is by far the most common form of bonus you will see across the Michigan sports betting industry. Sportsbooks will match your very first wager up to a certain dollar amount and if it loses, they will return this in the form of bonus funds.
Odds & profit boosts
Within each sportsbook, there is a menu for odds boosts and profit boosts: These promotions are usually available on a daily basis and can provide additional value on individual wagers. An example of a profit boost is if a sportsbook offers a 20% boost on a +100 wager of $100. Instead of a $100 profit potential, it increases to $120.
Second chance bonus
Occasionally, sportsbooks will offer Second Chance bets as a bonus: They work similarly to First Bet Match promos and can be broken down into multiple wagers in most cases. If your first wager loses, you can be given a ‘Second Chance’ at returning some profit.
MLB promos
MLB promos are a common feature of any sportsbook and can vary in structure wildly. Top sportsbooks will offer MLB Same-Game Parlay odds boosts while simultaneously running a Bet & Get promo. There are additional MLB promos like Parlay Insurance and Profit Boosts as well. These bonuses will typically be offered within a specific game that is considered a marquee matchup.
NBA promos
NBA promos are a favorite of sports bettors as the variety of bonus types they can come in is typically excellent. NBA Same-Game Parlays that have odds or profit boosts attached to them can be some of the most lucrative sport-specific bonuses. In addition to SGPs, you can get odds and profit boosts on certain player prop markets or series prices when it comes to the NBA Playoffs. Look out for the major matchups during the regular season to find all of these NBA sportsbook promos.
NFL promos
NFL promos are a consistent offering by sportsbooks. These sport-specific bonuses range from odds boosts and profit boosts to Parlay Insurance and enhanced bet building features within the market. The best time to claim an NFL bonus is right before the season begins as you can typically get odds-boosted futures wagers at top MI sportsbooks.
NHL promos
While the NHL promos somewhat trail behind the other three major sports leagues, they can still be found widespread across the MI sports betting industry. Just as with the others, odds-boosted Same Game Parlays are a major draw and NHL Bet & Get bonuses are the most common. NHL promos for futures wagers lack somewhat at all major sportsbooks, however.
| Promo Type | Best brands for this bonus type |
|---|---|
| Bet & get | Sports Illustrated, Caesars, DraftKings, FanDuel |
| Deposit match | DraftKings |
| First bet match | BetMGM |
| Odds & profit boosts | Caesars, FanDuel |
| Second chance bonus | BetRivers, PointsBet |
| MLB promos | Caesars, WynnBET |
| NBA promos | BetMGM, WynnBET |
| NFL promos | BetMGM, FanDuel |
| NHL promos | Caesars, DraftKings |
How do you claim a sportsbook bonus?
Claiming a sportsbook promo is a simple process as long as you follow our step-by-step guide closely:
- To start off the process: You must register for a new user account with a sportsbook. The personal information that is requested is usually standard and includes account credentials, Social Security Number, and address among other items.
- After registering for an account: You will need to locate the bonus and the associated bonus code, if applicable. All welcome bonus offers are located within the Promotions tab of a major sportsbook and you can read up on the terms and conditions during this time.
- After you have successfully registered and opted into the promo: You must clear the bonus by adhering to the wagering requirements. You can typically track your progress towards unlocking all of the bonus funds within your account details section or a specific section of the sportsbook site dedicated to the promo.
- After all wagering requirements are cleared: You can then process a withdrawal to transfer the bonus funds into real money.
Sportsbook bonus terms and conditions
When claiming a sportsbook bonus, there are many important portions of the terms and conditions to be aware of. Let’s discuss the most common components of these terms that you must adhere to to be in compliance and receive all bonus funds:
| Minimum deposit | For any bonus offer, there is typically a minimum deposit required to qualify. At most of the top Michigan sportsbooks, the minimum deposit is $10. However, this can vary to as low as $1 and as high as $50. |
| Rollover requirements | Rollover and playthrough requirements are usually the most important parts of a welcome bonus’s terms and conditions as the true value of the bonus can be determined. This form of wagering requirement comes in the form of a multiplier. If a bonus grants a 100% deposit match of up to $1,000 and carries a 15x playthrough requirement for example, bettors would have to wager $15,000 to receive the full extent of the bonus funds offered. |
| Minimum odds | A common feature of a bonus offer is a minimum odds requirement for each wager to be a qualifying wager. A lot of Michigan sportsbooks have minimum odds of -300 for all qualifying wagers. |
| Cashing out bonus funds | Cashing out your bonus funds is tied directly with the wagering requirements attached to a sportsbook promo. There are always some set of rules in place that limit when you can cash out your funds, but the mark you have to hit varies by the sportsbook. |
Michigan betting promos FAQs
What is a sportsbook promo?
A sportsbook promo is a way for Michigan sportsbooks to attract players onto their respective platforms while also providing new players with financial incentives. Sportsbook promos come in many different forms including deposit matches, matched first wagers, and bonus bets.
What is the best sportsbook promo in Michigan?
The best sportsbook promo available in Michigan is offered by FanDuel Sportsbook. FanDuel is giving new users the chance to bet $5 in order to receive $200 in bonus bets. Also, get $100 off your NFL Sunday Ticket purchase.
Can I claim a promo at more than one sportsbook in Michigan?
Yes, you can absolutely claim a promo at more than one Michigan sportsbook. In fact, our team thoroughly recommends doing this. There is nothing stopping you from receiving bonus funds at all MI sportsbooks and collecting all of the value you can along the way.
Can I claim more than one promo in a single sportsbook in Michigan?
Yes, you can claim multiple promos at a single Michigan sportsbook, but there are some restrictions in place. Most sportsbooks will exclude existing users from some promos and new users do not have the ability to take part in some promotions either. We recommend checking the specific terms of each promo to determine your eligibility.
What are the common wagering requirements on sports betting bonuses in Michigan?
Wagering requirements are an important part of every bonus you will find at a Michigan sportsbook. In most cases, wagering requirements are listed as playthrough requirements ranging from 1x to 75x multipliers. An example of a playthrough requirement would be if a bonus granted $1,000 and there was a 15x rollover, a player would be required to place $15,000 worth of bets.
Can I withdraw my promo money immediately?
With most promos, you are not able to withdraw the money immediately. This goes hand in hand with wagering requirements. Once they are met, you will be able to withdraw all of the bonus funds you have acquired within a given promo.
Do sportsbook promos have an expiration date?
Promos are typically offered with some form of expiration date, but this is determined by each individual sportsbook. Some promos do not have listed expiration dates when they are offered, but they can be removed at the discretion of the sportsbook. We recommend checking the expiration date on each promo and the dates for the expiration of the attached bonus funds.
Ad Choices