Maryland Underscoreg Promos and Bonuses: Best Offers for July 2024

Maryland sportsbook promos quick facts

All Maryland sportsbook promo codes and bonuses

Maryland is still in the early stages of creating a strong lineup of top sportsbooks and sports betting apps, with mobile sports betting debuting in November 2022. Seven operators were active at the launch, with Betfred, SuperBook, and Fanatics joining in February, April, and June 2023 respectively. More online sportsbooks, such as Bally Bet, are expected to launch soon.

Competition will be fierce in the coming years in Maryland, with up to 60 online sportsbook licenses available. The 12 current operators in the state will need to maintain their top-notch welcome bonus promotions to differentiate themselves.

If you’re aiming for a big win, check out these top three sportsbook promotions.

• ESPN BET: Up to $1,500 in bonuses
• BetMGM: Up to $1,500 in bonus bets
• Caesars: $1,000 first bet on Caesars

Maryland betting promos for new users can be unlocked with promo codes from four sportsbooks: BetMGM, BetRivers, Caesars, and SuperBook. Below is a list of Maryland sportsbook promo codes and bonuses.

Betfred has announced its decision to withdraw from the Maryland market, with betting operations ending on June 30, 2024, and the MD sportsbook closing permanently on July 31, 2024.

1. DraftKings MD welcome offer

In our opinion, DraftKings still has the best Maryland sportsbook bonus for new bettors. By signing up for a new account, you can receive a $150 bonus after betting $5. You don’t need a promo code for this offer.

• After signing up with DraftKings, you must make a minimum deposit of $5.
• Choose any sports betting market and make a first wager of at least $5.
• You’ll receive $150 in bonus bets instantly.
• The $150 will arrive in your account as six (6) $25 bonus bets.
• Bonus bet cannot be cashed out or split into smaller pieces.
• The bonus bet has a lifespan of seven days and will expire if unused.
• This DraftKings MD promo will end on Aug. 18, 2024.

For additional expert analysis, be sure to read our comprehensive DraftKings review.

DraftKings promo pros and cons

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

By taking advantage of DraftKings Maryland’s offer to bet $5 and receive $150 in bonus bets, you can quickly increase your funds. Regardless of the outcome of your initial $5 bet, you will receive the $150 in bonus bets immediately after it is finalized.

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

Once you place a $5 qualifying bet, you will receive six (6) $25 bonus bets which can potentially be turned into profits by winning with them in the future. However, if your bets continue to lose, your bonus will not be of much value.

Why DraftKings’ bonus is better than the others

The MD sportsbook bonus at DraftKings stands out by only asking new players for a small commitment. Simply make a $5 qualifying bet on any sports market and receive $150 in bonus bets to continue your success with the sportsbook.

2. Caesars MD welcome offer

New players at Caesars Maryland have the opportunity to earn up to $1,000 on their first bet with the Caesars promo. To claim this offer, make sure to enter the promo code SBRBONUS1000 during registration.

• After creating a new account, you must make a minimum first deposit of $10.
• Place a qualifying wager within 30 days of registration on any sports market.
• If your bet loses, you’ll get your money back, up to $1,000, as a single bonus bet.
• You must use your tokens within 14 days of receipt, or they will expire.

For those seeking additional information, take a closer look at our Caesars review.

Caesars Underscoreg promo pros and cons

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

The Caesars sign-up promotion delivers on its promise by offering you a refund of up to $1,000 on Caesars.

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

In theory, you have the potential to win as much as $1,000 on Caesars in the event that the bet is unsuccessful.

Why Caesars’ bonus is better than the others

The Caesars bonus offers a few important benefits. One of the main advantages is that it is valid for 14 days, while other sportsbooks typically only offer bonuses that last for a week.

3. FanDuel MD welcome offer

FanDuel frequently changes their welcome bonus offers, so it’s a good idea to stay updated on their current promotions for Maryland sports betting. Right now, new players have the opportunity to take advantage of a welcome offer where they can bet $5 and potentially win $200.

• 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 $5 is required following registration.
• Make a $5 bet on any available market, with any odds.
• If it wins, FanDuel will credit your account with $200 in bonus bets.
• The bonus bets will expire seven days after receiving them if unused.

Check out our comprehensive review of FanDuel to learn more about this well-known sportsbook.

FanDuel promo pros and cons

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

New players can take advantage of FanDuel’s offer to bet $5 and win $200 in bonus bets, giving them the opportunity to boost their initial bankroll right away. If your first bet is successful, you’ll receive $200 in bonus bets to use for more wagers. It’s recommended to carefully explore all the available markets on FanDuel, as it is considered one of the top live betting sites, before deciding how to utilize your bonus funds.

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

The $200 in bonus bets cannot be cashed out, meaning there is no guarantee of making a profit. These bonus bets must be used for additional wagers, and your potential earnings will depend on the odds of your bets and whether they are successful.

Why FanDuel’s bonus is better than the others

FanDuel is giving you the chance to earn $200 in bonus bets with just a small risk of $5. Just make sure you win your first bet to unlock the bonus. The best part is, you have full control over how you want to use the bonus bets. You can split them up however you like, whether it’s in smaller increments or all at once. There are no restrictions on how you choose to use the $200 bonus.

4. BetMGM MD welcome offer

Get started with BetMGM in Maryland and use the bonus code SBRBONUS to receive up to $1,500 in bonus bets if your first wager is unsuccessful. The “King of Parlays” is encouraging bettors to take more risks with their bets.

• 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.

Interested in learning more about BetMGM MD? Explore our comprehensive BetMGM review for all the details.

BetMGM promo pros and cons

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

Take advantage of BetMGM Maryland’s welcome offer to place a bold first bet. If it doesn’t go your way, the sportsbook will refund your account with bonus bets, up to $1,500.

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

If your initial bet with BetMGM is unsuccessful, the potential earnings from bonus bets are determined by the outcome of those wagers. For instance, if you receive five (5) $200 bonus bets and they all result in losses, you will not make any money. But if any of the bonus bets are successful, you get to keep the profits.

Why BetMGM’s bonus is better than the others

When selecting a betting site, it is important to consider that very few sites provide welcome bonuses exceeding $1,000. BetMGM stands out by offering a maximum bonus of $1,500, with bonus bets being given in five installments for failed first wagers of at least $50. This is advantageous compared to other sites that may require new players to risk their entire bonus on a single bet.

5. BetRivers MD welcome offer ⚡

BetRivers offers a simple sportsbook promotion in Maryland, where new customers can receive a second chance bet of up to $500. To take advantage of this offer, use the BetRivers bonus code SBRBONUS when signing up.

• 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.

Seeking more in-depth analysis of BetRivers’ sports betting platform? Explore our comprehensive review of BetRivers.

BetRivers promo pros and cons

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

The BetRivers MD promotion ensures that new bettors are protected with up to $500 on their initial wager. This straightforward offer in Maryland allows you to place your first bet, and if it doesn’t win, the sportsbook will refund your stake in the form of a bonus bet, giving you another chance to win.

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

BetRivers will cover your losses on your first bet with a stake of up to $500. The potential earnings on the second-chance wager will vary depending on the outcome. The more wins you accumulate in a row, whether with the bonus or not, the greater the amount of money you can potentially earn.

Why BetRivers’ bonus is better than the others

BetRivers’ simple Maryland promotion, consistent with the user-friendly sportsbook, is ideal for novice bettors exploring the world of sports betting for the first time.

6. Fanatics MD welcome offer 

Fanatics, a major player in the merchandise distribution industry, is now venturing into the world of sports betting. They are offering a generous welcome bonus that allows new users to earn up to $1,000 in bonuses without the need for a promo code at sign-up.

• Start by downloading the Fanatics Underscoreg app and creating your new account.
• Submit a minimum $5 opening wager on a market with -200 odds or longer.
• Win or lose, you’ll get a bonus match equal to the amount wagered (maximum $200 each day).
• Receive one bonus per day in the five days following account registration.
• After the first day, you must opt-in daily to earn bonuses.
• Failure to opt in forfeits your chance to win a bonus for that day only.
• Bonuses aren’t withdrawable and expire after seven days.

Visit our Fanatics review to discover the sportsbook’s betting choices and special offers.

Fanatics promo pros and cons

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

New customers at Fanatics can receive up to $1,000 in bonuses through the MD welcome offer. Be sure to opt-in on the specified days, bet at least $5 on markets with odds of -200 or higher, and you’re good to go.

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

After creating a Fanatics account, you have the opportunity to earn up to $200 in bonus bets each day for the first five days. The amount of actual money you can win is determined by the success of the bets you make with these bonuses.

Why Fanatics’ bonus is better than the others

Fanatics is unique compared to other sportsbooks because you can receive bonuses regardless of whether your initial wager wins or loses. With the Fanatics offer, you can earn bonus credits ranging from $5 to $1,000, catering to all types of bettors.

How we rate and review sports betting promotions

Our team of industry experts dedicates extensive time to individually evaluating the top online sportsbooks in Maryland. Our comprehensive reviews analyze various factors on each site to create personalized ratings.

When determining the best Maryland sports betting promotions and bonuses, we follow a similar process. Here are some key questions we ask to assess the value of a specific welcome bonus:

• What is the sign-up bonus’ maximum value?
• Is the bonus guaranteed, or does it require a specific circumstance to activate?
• What is the minimum deposit necessary to acquire the bonus?
• Is a promo code needed?
• What is the welcome bonus type? Is it a deposit match, second-chance bet, no deposit offer, or something else?
• What are the playthrough requirements and other notable terms and conditions attached to the bonus?
• How quickly does the bonus expire?

Maryland online sportsbooks

Online sports betting was approved in late November 2022, leading to seven sportsbooks entering the Maryland market. Betfred joined in February 2023, followed by SuperBook in April 2023, Fanatics in June 2023, and betPARX in August 2023.

Betfred later announced its departure from the MD market due to difficulties in gaining sufficient market share to justify its presence. In contrast, LetsBetMD was launched in July 2024, and BallyBet is still scheduled to enter the market sometime in 2024.

Maryland bettors are eagerly anticipating the arrival of Bally Bet to join the growing number of legal sports betting sites in the state. In the future, Maryland could have as many as 60 online sportsbooks and sports betting apps to choose from.

Maryland online and mobile sportsbooks

Closing operations in Maryland on July 31, 2024.

Types of Maryland sign-up offers and bonuses

The majority of Maryland’s 12 active sportsbooks provide sign-up bonuses in the form of first bet insurance. This type of offer has been a favorite among operators and is likely to remain one of the most common welcome promotions in Maryland. Whether you enjoy, dislike, or are neutral towards this type of offer, it is a prevalent feature in the state’s sports betting landscape.

Deposit match

Deposit match bonuses do not depend on the outcome of your initial bet. Rather, the sportsbook will match a percentage of your first deposit to help boost your bankroll right away. For instance, a 100% deposit match bonus up to $1,000 would allow you to deposit $500 of your own money and receive an extra $500 in bonus funds, giving you a total of $1,000 in your account.

Bet and get

New players can benefit from bet and get bonuses, as they do not have to lose their first bet to receive the promotion. By simply making an initial deposit and wager of approximately $10, the sportsbook will usually add bonus funds to your account, regardless of the outcome of your bet.

Sometimes, there may be an additional requirement, such as needing your first bet to be successful. This was the situation with a recent promotion from FanDuel, where you had to place a $5 bet on any market and win in order to receive $200 in bonus bets. However, most bet-and-get offers currently available do not have this requirement, and your bet can win or lose without affecting the bonus.

First bet insurance

The most profitable promotions at Maryland sportsbooks are usually the first bet insurance offers, with some reaching up to $1,000 or more. In order to qualify for this bonus, your initial bet must result in a loss. The sportsbook will then reimburse you for the amount lost, up to a certain limit.

For instance, consider a sportsbook’s welcome offer of up to $1,500 in first-bet insurance. This means that you can bet up to that amount on your first bet and get a refund in the form of non-withdrawable bet credits if your bet loses. The bet credits may be divided into smaller increments, although some promotions may require you to use the entire bonus bet amount in a single wager.

Referral bonus

The bonuses don’t end with the welcome promo – many sportsbooks also provide referral bonuses for bringing in friends. By sharing a unique code or download link, you can earn rewards if your referral signs up and becomes a new customer. These rewards typically include bonus bets or cashback. Check out our comprehensive guide to find the sportsbook with the top referral bonus.

Maryland betting resources

If you’re new to legal sports betting in Maryland due to the recent launch of online MD sportsbooks in November 2022, you may find this guide on the best sports betting promos in the state a bit overwhelming. Make sure to also explore our other resources on how to place bets, understand betting odds, and manage your bankroll effectively.

Sports betting by category

No matter your favorite sport or league, there is a fantastic sportsbook bonus waiting for you at various legal and licensed sportsbooks in your state. To make your decision easier, here is a list of the top sportsbooks categorized for your convenience.

Responsible sports betting with Maryland promos

The Maryland Lottery and Gaming Control Agency is responsible for regulating sports betting in the state, working alongside the Sports Wagering Application Review Commission. The MLGCA conducts audits of online sportsbooks, ensures compliance with safe gaming practices, enforces state betting laws, and imposes fines for violations. Additionally, the MLGCA leads efforts to promote responsible betting and address problem gambling.

The MLGCA collaborates with the Maryland Department of Behavioral Health to support the Maryland Center of Excellence on Problem Gambling. Together, these organizations can connect you with a counselor to help you and your family navigate challenges. For round-the-clock assistance, you can reach out to 1-800-GAMBLER. The center also provides valuable resources for individuals seeking help with problem gambling.

• Learn the signs
• Getting help

Maryland sportsbooks promote responsible betting by enabling players to establish budgets and session time limits upon logging into their accounts. This feature helps individuals at risk maintain a close watch on their spending and time dedicated to sports betting.

Underscoreg promos and bonuses in other regions

U.S. states with legal sportsbook promos and bonuses

Bonuses may differ depending on the state. For more information about bonuses in your state, click on the links below or consult our legal sports betting state tracker.

Underscoreg promos and bonuses in international regions

• Canada sportsbook promos (excluding Ontario)

• U.K. sportsbook promos