Deposit Bonus at US Sportsbooks

A deposit bonus is one of the most common promotions offered by sportsbooks in the United States. As the name suggests, it’s awarded when a user adds funds to their betting account. Typically, it represents a percentage of the deposit—often 100% for welcome offers and between 25% to 50% for reload bonuses. The bonus is credited to a separate balance, which becomes available for withdrawal only after meeting wagering requirements. Occasionally, this bonus is bundled with a free bet, which acts like a betting voucher.

If you’re also exploring high-end promotions at online casinos, check out these luxury casino bonuses designed for VIP players and high rollers.

Important: These bonuses are almost always capped. For example, if a sportsbook offers a 100% deposit bonus up to $500, depositing $200 gets you an extra $200 in bonus funds. However, depositing $800 won’t result in a higher bonus—you’ll still only receive $500.

Pros and Cons of Deposit Bonuses

Pros:

• Extra funds for betting.

• In some cases, once the bonus is cleared, you can withdraw more than the original bonus amount.

• Easy to claim—just fund your account.

Cons:

• May require a significant deposit to unlock full value.

• Short timeframes for fulfilling wagering requirements, especially on reload offers.

• Some sportsbooks impose a low cap on the maximum bonus amount.

Let’s dive deeper into how deposit bonuses work.

When Can You Get a Deposit Bonus from a US Sportsbook?

Deposit bonuses can be offered in several scenarios. The most common is as a sign-up incentive, but there are other occasions as well. Keep an eye on your favorite sportsbook’s promotions page or subscribe to email/SMS updates to catch limited-time deals.

1. First Deposit Bonus (Welcome Offer)

This is the most typical bonus. Most US sportsbooks offer a 100% match on your first deposit. The wagering window is usually 30 days. Sometimes, the welcome package also includes a free bet or other perks.

Note: You can only claim the welcome bonus once per household/IP address. Attempting to create multiple accounts ("multi-accounting") is against the rules and can result in account suspension.

2. Reload Bonuses

Reloads apply to subsequent deposits. Some are recurring—e.g., every Monday or when using a specific payment method (like PayPal or Venmo). Others are time-limited and tied to major events such as the Super Bowl, March Madness, or the sportsbook’s anniversary.

3. Loyalty Program Bonuses

As part of VIP or loyalty tiers, you may earn deposit bonuses upon reaching a new level. These can range from 10-25% for beginners to 200-300% for top-tier members. Higher loyalty tiers may also reduce wagering requirements or increase bonus frequency.

4. Birthday Bonuses

Some sportsbooks offer birthday perks—typically a 50-100% deposit match. To qualify, you must verify your identity and have an active, wagered account for a few months (usually at least 60-180 days before your birthday).

5. Promo Code Bonuses

You can find promo codes on partner websites, newsletters, or sportsbook social media channels. Be sure to enter the code before depositing. If your deposit doesn’t meet the specified threshold, the code may expire unused.

Who Can Claim a Deposit Bonus at a US Sportsbook?

To be eligible for a deposit bonus, you must:

• Be 21+ and physically located in a state where the sportsbook is licensed.

• Create an account and verify your identity (KYC).

• In some cases, opt in via the bonus section of your profile.

Additionally, deposit bonuses often have a minimum deposit requirement, typically ranging from $10 to $50. Some bonuses also require entering a promo code at the time of deposit.

Note: Sportsbooks usually allow only one active bonus at a time. If you haven't cleared a previous bonus, you won't be able to activate a new one until it's completed or forfeited.

Wagering Requirements and Withdrawing Bonus Funds

Deposit bonuses are credited to a bonus wallet, separate from your real cash balance. To transfer them into your withdrawable balance, you need to meet wagering requirements—commonly 3x to 5x the bonus amount.

For example, with a 4x requirement on a $100 bonus, you'd need to place $400 in qualifying bets.

Wagering typically applies only to certain bet types. Most sportsbooks require:

• Parlays (multi-leg bets) with at least three legs and minimum odds of -120 (+1.83).

• Straight bets (singles) may also qualify, but only if they meet specific odds, such as +200 or higher. Some sportsbooks increase the wagering multiple (e.g., 10x or more) for low-risk bets.

Time Limits:You usually have 30 days to clear a welcome bonus. Reload bonuses may have tighter windows, such as 7 days or even 24 hours.

How to Choose a Sportsbook with a Good Deposit Bonus

When considering a sportsbook deposit bonus, review:

• The match percentage (e.g., 100% vs. 25%).

• The minimum deposit required—make sure it's affordable.

• The bonus cap—how much you can earn.

• Wagering terms and allowed bet types.

• The timeframe to complete the wagering.

Look for sportsbooks that also let you opt out of a bonus if you change your mind or find the terms too restrictive.

Final Thoughts

According to industry experts, a deposit bonus is a great way to boost your bankroll—especially for new bettors. If the bonus funds are lost, there’s no harm done since it wasn’t your original money. But if you succeed, you stand to gain extra value.

Just be cautious: if a bonus requires a large deposit, comes with a short wagering window, and demands high-risk bets, it might not be worth it. Always read the terms and make sure the offer fits your betting style.