Which Bet Gives a Welcome Bonus? The Complete Guide to Signup Offers in 2026

The simple answer is that any first bet you place as a new user at a sportsbook will give you a welcome bonus. You don’t need to pick a special type of bet like football or basketball. Just sign up for a new account, deposit money, and place your first wager (usually $5 to $10 minimum), and the sportsbook will reward you with bonus bets or promotional credits. This is how every major sportsbook like BetMGM, FanDuel, and DraftKings welcomes new customers in 2026.

Welcome bonuses work by following three easy steps that anyone can complete. First, you create a new account at a sportsbook app or website. Second, you make a deposit using your bank card or other payment method. Third, you place your first bet with a minimum amount that most sportsbooks set between $5 and $10. Once you finish these three steps, the bonus appears in your account within minutes. For example, if you sign up at DraftKings and bet $5 on any game, you instantly get $200 in bonus bets added to your account to use on future wagers.

Here are the best welcome bonuses you can get in June 2026 with real numbers and examples. BetMGM offers up to $1,500 in bonus bets if your first bet does not win, and you only need to bet $10 to activate it. FanDuel gives you $350 in bonus bets total when you bet $10, which breaks down into seven $50 bonus bets you can use over time. DraftKings has a $200 instant bonus bet when you bet just $5. Bet365 offers two choices: either $365 in bonus bets after betting $10, or a $1,000 first bet safety net that refunds you if you lose. Caesars gives you 10 profit boost tokens that can increase your winnings by 100 percent, and you can start with just a $1 bet. These examples show that you can get hundreds of dollars in bonus money with a very small first bet.

There are different types of welcome bonus offers that sportsbooks use, and each one works a little differently. The most common type is called “Bet and Get” where you place a small bet like $5 or $25 and immediately receive bonus bets in return. Another popular type is the “First Bet Safety Net” also known as a no-sweat bet, which means if your first bet loses, the sportsbook refunds your money in bonus bets up to a certain amount like $1,500 at BetMGM or $1,000 at bet365. Some sportsbooks like Caesars give you profit boost tokens instead that let you win more money on future bets. There are even rare no-deposit bonuses that give you $25 just for signing up and verifying your account without needing to put any money in first.

You need to remember several important rules before claiming a welcome bonus so you don’t miss out. Welcome bonuses are only for new users who have never had an account at that sportsbook before. The offers change depending on which state you live in, so you must check what promotions are available in Virginia or your specific location. Some sportsbooks require you to enter a promo code like “MHS1500” for BetMGM or “COVERS50” when you sign up. You might also need to manually click an “opt-in” button to activate the bonus before you place your bet. Finally, bonus bets usually have expiration dates and you must use them within 7 to 30 days, and they often come with wagering requirements that you need to read carefully.

The bottom line is that any first bet you make as a new customer gives you a welcome bonus, and the best value right now comes from BetMGM with its $1,500 offer, FanDuel with $350 in instant bonus bets, and DraftKings with $200 for just a $5 bet. All of these top sportsbooks only require a $5 to $10 first wager to unlock hundreds of dollars in bonus money. Before you sign up, compare the offers available in your state, read the terms and conditions, and choose the sportsbook that gives you the most bonus value for the smallest first bet.

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