Best Maryland Sportsbook Promos & Bonuses March 2024

With mobile sports betting launching in November 2022, Maryland is still in the early innings of developing a deep roster of the best sportsbooks and sports betting apps. Seven operators went live with their products at launch, with Betfred joining in February 2023, SuperBook in April 2023, and Fanatics in June 2023. Several more online sportsbooks, including Bally Bet, are set to launch in the near future.

With up to 60 online sportsbook licenses available in Maryland, competition will be fierce in the coming years. The 12 operators currently active in the state will need to continue delivering top-notch welcome bonus promotions to stand out. 

Here are three of the best sportsbook promos for those looking to garner a potentially massive payday:

Only four sportsbooks — BetMGM, BetRivers, Caesars, and SuperBook — require promo codes to unlock Maryland betting promos for new users. Here is a list of Maryland sportsbook promo codes and bonuses:

1. DraftKings MD welcome offer ��

For our money, DraftKings continues to offer the top Maryland sportsbook bonus for first-time bettors. Registering a new account with the sportsbook means you’re eligible for a bet $5, get $150 bonus. No DraftKings promo code is necessary, either.

• After signing up with DraftKings, you must deposit and wager a minimum of $5 on any sport.
• You’ll receive $150 in bonus bets instantly.
• The $150 will arrive in your account as six (6) $25 bonus bets.
• The bonus bets have a lifespan of seven days and will expire if unused.
• This DraftKings MD promo will end on Apr. 14, 2024.

DraftKings promo pros and cons

What does the DraftKings sign-up promo mean for you?

DraftKings Maryland’s bet $5, get $150 in bonus bets offer means you can instantly boost your bankroll. No matter how your initial $5 wager shakes out, you'll acquire the $150 in bonus bets as soon as it settles.

How much money can you earn with the DraftKings sign-up promo?

After making your $5 qualifying bet, the six (6) $25 bonus bets you receive can be converted into profits by stringing together future wins with them.

Why DraftKings’ bonus is better than the others

DraftKings’ MD sportsbook bonus sets itself apart from the competition by requiring minimal commitment from new players. So long you place a $5 qualifying bet on any sports market, you’ll get $150 in bonus bets to try and achieve further success with the sportsbook.

2. Caesars MD welcome offer ��

Caesars Sportsbook Maryland offers new players up to $1,000 first bet on Caesars. You’ll need to enter the Caesars Sportsbook promo code — SBRBONUS1000 — during registration to claim the offer.

• After creating a new account, you must make a minimum first deposit of $10.
• You initial bet must come within 30 days of registration.
• If your first bet loses, Caesars will refund your stake, up to $1,000, as a bonus bet.
• The single bonus bet you receive cannot be split up and must be used on one wager. It will appear in your account within two days of your initial bet settling.
• You must use your bonus bet within 14 days of receipt, or it will expire.

If you’re craving even more information, dig into our Caesars review.

Caesars Sportsbook promo pros and cons

What does the Caesars sign-up promo mean for you?

The Caesars MD welcome offer provides a safety net on your first bet, up to $1,000. Bettors aiming for a big early payday will find this promo enticing, as they can afford to be riskier with their initial wager knowing they'll receive a refund should they lose.

How much money can you earn with the Caesars sign-up promo?

You can use the bet credit earned from the Caesars Maryland welcome offer to either wager on a favorite — the safe play — or an underdog — the more lucrative option. The path you choose — and the amount of money you can make — depends entirely on your comfort level.

Why Caesars’ bonus is better than the others

Caesars’ bonus has the edge over many other online sportsbooks’ welcome offers because it provides a higher maximum value than you can find most anywhere else.

3. FanDuel MD welcome offer ��

FanDuel likes to rotate welcome bonus offers in and out. So, keeping tabs on its active Maryland sports betting promos is wise. Currently, new players can redeem a bet $5, win $200 welcome offer.

• You don’t need a FanDuel promo code to claim the sign-up offer, but you do need to download the sportsbook’s mobile app.
• A minimum deposit of $10 is required following registration.
• Make a $5 bet on any available market, with any odds.
• If that bet wins, FanDuel will credit your account with $200 in bonus bets.
• If your bet loses, you'll earn no bonus bets.
• The bonus bets will expire seven days after receiving them if unused.

Read our thorough FanDuel review to discover more about the popular sportsbook.

FanDuel promo pros and cons

What does the FanDuel sign-up promo mean for you?

FanDuel’s bet $5, win $200 in bonus bets offer provides new players with a chance to pad their early bankrolls quickly. If your first bet wins, you'll earn $200 in bonus bets that you can use to make additional wagers. We recommend thoroughly sifting through all available markets — FanDuel is one of the best live betting sites — before deciding where to spend your bonus funds. 

How much money can you earn with the FanDuel sign-up promo?

The $200 in bonus bets can't be withdrawn as cash, so there aren't any guarantees you'll net a profit. You have to use them to make additional wagers, so your potential earnings depend on the odds of your bets and whether they end up as winners. 

Why FanDuel’s bonus is better than the others

FanDuel offers $200 in bonus bets for a minor risk of $5 — you do have to win your first bet to collect the bonus, though. The bonus bets come with ultimate flexibility, allowing you to split them up however you want. You're not obligated to use all $200 at once or limited to using them in $25 chunks. 

4. BetMGM MD welcome offer ��

The self-proclaimed “King of Parlays” entices new Maryland bettors to be more aggressive with their first wager by offering them up to $1,500 back in bonus bets should they lose. Use BetMGM bonus codeSBRBONUS when getting started.

• Once you’ve registered a new BetMGM Maryland account, a minimum deposit of at least $10 is required.
• Place your first wager of any amount — should it lose, you’ll get your money back, up to $1,500, as bonus bets.
• The bonus bets are divvied up into 20% denominations on wagers of over $50. So, a $1,500 first bet loss would result in five (5) $300 bonus bets. If you wagered less than $50, you would receive a single bonus bet.
• The bonus bets will arrive in your account within 24 hours and must be used within seven days.

Eager to uncover more details about BetMGM MD? Comb through our BetMGM review.

BetMGM promo pros and cons

What does the BetMGM sign-up promo mean for you?

BetMGM Maryland’s welcome promo allows you to be aggressive with your first bet. If you lose, the sportsbook will reimburse your account, up to $1,500, with bonus bets.

How much money can you earn with the BetMGM sign-up promo?

Should your first bet with BetMGM lose, the amount of money you can earn with the bonus bets depends entirely on the success of those wagers. For example, if you garner five (5) $200 bonus bets and all of them lose, you will make no money. However, if any of them win, the profits are yours to keep.

Why BetMGM’s bonus is better than the others

When choosing a betting site, it’s worth noting that few offer welcome bonuses valued at $1,000 or more. The fact that BetMGM pays out a maximum of $1,500 and its bonus bets come in five installments on failed first wagers of at least $50 is an extra plus because some operators require new players to risk their entire bonus on a single bet. 

5. BetRivers MD welcome offer ⚡

BetRivers owns one of the more straightforward Maryland sportsbook promos. First-time customers can earn up to a $500 second chance bet. The BetRivers bonus codeSBRBONUS is necessaryto get started here.

• Begin by making a deposit of at least $10.
• Place your first wager of any amount on any sports market you prefer.
• Should your qualifying wager lose, you'll get a refund, up to $500, as a bonus bet.
• You must play through the bonus once at odds of -200 or greater.
• If you fail to use the reward within 30 days, it will expire.

Looking for additional analysis on BetRivers' sports betting platform? Scour our complete BetRivers review.

BetRivers promo pros and cons

What does the BetRivers sign-up promo mean for you?

The BetRivers MD promo means new bettors are insured up to $500 on their first bet. This offer is one of the most simple in Maryland — place your first wager, and if you lose, the sportsbook will give you a second shot by returning your stake, up to $500, as a bonus bet.

How much money can you earn with the BetRivers sign-up promo?

If your first bet loses, BetRivers will stake your account up to$500. With that second-chance wager, the amount of money that canbe earned depends on its eventual outcome. The more consecutive wins youstring together — with the bonus or not — the more money you can make.

Why BetRivers' bonus is better than the others

The uncomplicated nature of BetRivers' Maryland promo — in line with the rest of the sportsbook — makes it great for first-time bettors dipping their toes into the sports betting space.