The Best Sportsbook Promos, Betting Offers and Sportsbook Bonuses for May 2024

Sick of missing out on the best sportsbook promos in Michigan? Stay cool and read on, we’ve got you covered.

With this guide we will run you through the most lucrative sportsbook offers, allowing you to take full advantage of the best bonuses in Michigan.

Even if you're familiar with sports betting, perhaps you need a rundown of the various types of sportsbook promos? Thankfully, below, we'll walk you through all of this, and you’ll find out how to track down the hottest Michigan betting site offers.

So, let’s dive right into the online sportsbook promos you can find in Michigan.

Our Top 10 Bonuses List

There’s a lot to consider where you’re comparing Michigan sportsbook promos, especially as there are so many different types out there. We’ve collated the best 10 betting sites based on the welcome bonuses they offer.

To find out where you can pick up the biggest rewards or the juiciest offers, just check out our ranking list below. With this curated list, you won’t need to dig around to get the best deals.

Compare the Best Sportsbook Promos with our Unique Tool

Beyond the bonuses, the sportsbooks that we have reviewed have a load more going on for them and a bonus should never be the only reason you make a wager with a certain brand.

Our comparison tool below allows you to easily compare all of the betting sites in Michigan. With just a few clicks you’ll be able to view all of the top sportsbooks, their promos and select the ones that suit your needs.

	BetMGM Sportsbook	BetRivers Sportsbook	Caesars Sportsbook	Golden Nugget Sportsbook
Rating	95	94	92	93
Payment Methods	10	7	4	6
Top Payment Methods	Visa, Mastercard, Paypal	Mastercard, Visa, Paypal	Visa, Mastercard, Paypal	Mastercard, Paypal, Play+ Card
Cash out
Live stats
Live scores
Bet Builder
Live streaming

The Deep Dive - Two of the Best Sportsbook Bonuses

We do the legwork so that you don’t have to, bringing you the very best of the Michigan sportsbook offers. We review the good, the bad and even the ugly to find the betting site promos worth checking out.

During our research into sportsbook promos in Michigan, we’ve pinpointed two of the best betting offers. In our opinion, Caesars and Golden Nugget Sportsbook offer great deals in Michigan, and each is backed by a solid pedigree in the industry.

We’ll look at each of these betting offers in turn to see exactly what you’ll get.

Caesars Sportsbook - Up to $1,000 in Welcome Bonuses

With land-based casinos, an online website and sportsbook betting apps for both iOS and Android, Caesars offers the complete package for Michigan players. If you’ve never signed up for a Caesars account before, you could take advantage of the welcome betting offer available.

Caesars Sportsbook is offering new players up to $1,000 cashback if their first bet loses. There is no minimum qualifying deposit, just the usual sportsbook rules, which makes it particularly accessible for all levels of experience. If the first cash bet placed loses, Caesars will give new players a bonus bet of the equivalent value, up to the maximum of $1,000. This will be granted as a single bonus bet token.

Existing players have the benefit of the Caesars Reward scheme. Every time a bet is placed on the sportsbook, points are added to the total. These can be used for bonus bets or towards the cost of dining or staying at a Caesars resort. Our Caesars Sportsbook review goes into even more depth.

Golden Nugget Sportsbook - A $250 Welcome Bonus For You

Golden Nugget Casino is another of the big names which offers a very competitive sportsbook. Like all other welcome offers, to take advantage of the new player sportsbook promos in Michigan, you must not have previously held an account here.

Sign up to the Golden Nugget Sportsbook for the first time and you’ll unlock a special betting offer which delivers a bonus bet worth up to $250. Players must deposit a minimum of $10 after registering for their account, and the bonus bet will be awarded after their first wager is placed and settled.

The bonus bet at Golden Nugget is a 100% matched deposit bonus, subject to a maximum of $250 and is awarded regardless of the outcome of the initial bet. Understand more about this welcome bonus and read our Golden Nugget Sportsbook review.

There are many ongoing sportsbook promos for Michigan players at Golden Nugget, including odds boosts on both single game and parlay bets. There is also a generous loyalty scheme at Golden Nugget, the Golden Rewards Club, which is the best way to pick up promos and bonuses on an ongoing basis.

The Different Types of Sportsbook Promos and Betting Offers

As you can see from the above, not all sportsbooks have the same types of betting offers. Sportsbook promos come in all shapes and sizes, so we say take some time to compare what’s available to get the very best betting site bonuses.

Not every sportsbook will offer every single type of bonus either. Some are more commonly offered to new players, while others are frequently seen as an ongoing promo.

Here are some of the most common types of sportsbook offers you might find:

• Free bets
• No deposit bets
• Matched deposit bonus
• Second chance bet
• Insurance bonus
• Risk-free bet
• Loyalty/VIP programmes
• Referral bonus
• Price boost/enhanced odds

Welcome Bonuses and Sign-up Bonuses Explained

Sports wagering has rocketed in popularity and with a growing number of sportsbooks in Michigan, each of them are battling hard to attract new players. While there are often great promos for existing players, many of the very best betting offers are reserved for new players.

To qualify for a welcome bonus, you must be completely new to the sportsbook. This means you must not have held an account before, even in another state. Some sportsbooks are affiliated with partner brands. If this is the case, you must usually be a new player to both sportsbooks.

It’s vital to drill down into the details for every sign-up bonus, because they’re not all the same. What may look like a fantastic bonus on first glance may have more onerous terms which mean there are better bonuses to claim. Rather than automatically heading for the bonus with the highest value, look at the type of bonus and the qualifying criteria before deciding what one to accept.

Checking out the welcome bonus carefully is especially important because you can only claim one. With bonuses for existing players, you can claim multiple bonuses consecutively.

For example, a no deposit bonus may be preferable to a higher matched deposit bonus as it means you don’t need to spend any of your own cash first. Wagering requirements are another consideration. Lower wagering requirements are often preferable to a higher bonus amount.

We’re now going to look at each of the bonus types mentioned in the previous section in more detail.

Understanding Free bets

Also known as bonus bets, free bets are a way of betting with bonus cash or credits. This is money which is credited to your account as part of a sportsbook promo. Free bets may have qualifying criteria such as a minimum deposit, but once this has been fulfilled the bonus bet/s will be credited to your account for you to spend.

If you win with a free bet you’ll only receive the profit as withdrawable cash. The original stake won’t be given back to you (as it would be with a regular money bet). You may find wagering requirements or limits on winnings also apply to this type of betting offer.

No Deposit Bets - A Rare Find

As the name suggests, no deposit bets are a type of bonus given to players without any requirement for a deposit to be made first. These are a highly sought-after type of bet and relatively uncommon. Keep your eyes peeled for these. They’re most frequently used as part of a welcome sportsbook promo rather than a reload bonus for existing players.

No deposit bets typically have lower limits and winnings may be capped. Wagering requirements may often apply.

Matched Deposit Bonuses

Matched deposit bonus offers are found more frequently and give players betting credit in return for making a qualifying deposit. These types of bonuses have a maximum stipulated limit, so deposits will only be matched up to a certain value.

Matched deposit bonuses are also offered at different rates, so it’s important to check the % on the offer. For example, some matched deposit bonuses offer 50% – this means the value of the bonus will be 50% of the deposit made. The most regular matched deposit bonuses offer 100% – this means 100% of the value of the deposit will be credited for play, but it's not inconceivable to see bonuses over 100% too.

The sportsbook promo for ongoing players at Golden Nugget is a matched deposit bonus, giving players 100% of their deposit value.

Second Chance Bets and Insurance Bonuses

Second chance bets were sometimes known as risk-free bets, but that description tends not to be used as it’s misleading. Here, a second chance bet or insurance bonus provides cashback to be used as a bonus bet if a wager that’s been placed loses. As the name describes, a second chance bet gives players another opportunity to win.

Players typically receive the value of their bet to use as a bonus bet on the site. The credit cannot be withdrawn. It must be used to place another bet on the sportsbook.

Referral Bonuses

If you’ve had a positive experience with a sportsbook, you might want to tell any family member or friends. With a referral bonus, you’ll get freebies for any referrals you make which are taken up. Typically both you and your friend will receive a bonus in return for the referral. To qualify, the person must complete registration and make a deposit before any bonuses are paid.

Price Boosts and Enhanced Odds

Not all bonuses or sportsbook promos come in the form of money back to the player. A price boost or enhanced odds is a popular type of betting offer that gives players higher returns if they win a specific bet.

A price boost is a popular promo for sportsbooks to offer because it means the player still places a bet, but just gets a larger payout if they win.

Ongoing Sportsbook Promos for Existing Customers

Of course, it’s not just new customers who can take advantage of the many betting offers. There are Michigan sportsbook promos for existing customers too. They typically offer eye-catching deals to attract new customers, but they also need to keep existing customers loyal or else they’ll register elsewhere.

No-deposit bonuses are even rarer to find as an ongoing promo, but there are still plenty of sizzling betting offers available. You can use our comparison tool above to find the very best deals from all of the top sportsbooks in Michigan.

However, as an example of what’s on offer, here are two of the available ongoing sportsbook promos for Michigan players.

A Current Fanduel Sportsbook Promo

Place $40 on the Fanduel Sportsbook and claim the quirky sportsbook promo which awards three months of Paramount+ with SHOWTIME(R). Multiple bets can be placed to reach the qualifying amount and all sports markets and bet types are included.

A Current Sports Illustrated Sportsbook Promo

If you prefer your sportsbook promos to deliver pure betting rewards, take a look at the betting site offers from Sports Illustratrated. A fairly new sportsbook that launched in 2022 but backed by a well-known sporting pedigree, Sports Illustrated gives players the chance to receive up to $100 in bonus bets.

To receive the reward players must place a single game parlay bet of $50 or more with minimum odds of +300 on the NFL playoffs.

Remember the Terms and Conditions

It’s easy to get caught up in the excitement of receiving a lucrative bonus, but you’ll need to make sure you meet the terms to qualify. Each promo will have its own qualifying criteria and it’s essential to check each one before you start.

Some of the most common clauses in the promo terms and conditions include:

• Players must be aged 21+ years – your identity will be checked to verify this
• You must live within the state lines – as above, this will need to be verified
• There may be a minimum deposit – bets below the minimum amount will not be given on a pro rata basis
• Specific timeframe – after you have claimed a promo, you may only have a limited time to use it
• Minimum odds – some promos stipulate the minimum odds that must apply to bets placed

Following the terms and conditions carefully will ensure you don’t miss out on the best sportsbook promos in Michigan.

What Best Betting Michigan Looks For in a Sportsbook Promo

As we've said already, betting offers come in all shapes and sizes, so it’s important to sift through the details to get to the heart of the deal. When we compare sportsbook promos in Michigan, we look out for certain key elements.

There’s no single definitive list to find the very best betting site bonuses, but the following factors are vital considerations:

Bonus type

This is a crucial part of our assessment, as not all promos provide equal value. We’re looking for bonuses which provide the most bang for your buck, ideally with minimal or no spend. Bonuses with a high minimum deposit aren’t as accessible to the majority and are more likely to have a niche appeal.

Value in the Bonus

This is usually specified clearly in all sportsbook promos, and details exactly how much players will receive. We look at the total reward being offered as part of the deal, and how this compares to the required deposit. In this case, bigger is usually better, allowing you to take full advantage of the most lucrative deals.

Key Terms and Conditions

This is an area that requires particular scrutiny as if there are restrictive terms it can mean a bonus may not be as generous as it first seems. We look for onerous wagering requirements, a cap on cashout limits, restricted betting markets, large minimum deposits, and minimum odds.

How the Sportsbook Performs

It’s not just the features of the bonus which are important. The integrity of the sportsbook matters too. We review the different payment methods available, the products they offer, and the quality of their customer support, among other features.

How to Use Sportsbook Promo Codes

Even if you’re a complete beginner, it’s easy to use promo codes on a Michigan sportsbook to get the best deals around. Use our reviews to find the sportsbook that you want to sign up to, then follow the steps below:

1. 1

   Sign up for Your Preferred Sportsbook

   Click on the link to sign up for your preferred sportsbook;

2. 2

   Follow the Registration Procedure

   Follow the registration process and input your personal details following the prompts on screen.

3. 3

   Stay Secure!

   Create a memorable username and password.

4. 4

   Enter the Promo Code

   Enter your promo code into the dedicated field – this can’t be added later in the process so don’t miss this step.

5. 5

   Verify Account

   Verify your account as requested (typically via clicking a link on your email) and sometimes submitting identification.

6. 6

   Deposit to Qualify

   Make a qualifying deposit – make sure you match the terms set out in the promo.

7. 7

   Receive your Bonus!

   Receive your reward and start playing!

Conclusion

Sports betting fans in Michigan are fortunate to have a wide and diverse range of bonuses which makes it possible to maximise winnings. Sportsbook promos can provide some protection against losses, as well as making it possible to bet more and spend less. It’s always vital to check the terms and conditions of any betting offers but the breadth and depth of sportsbook promos for Michigan is impressive, and will enhance any betting experience.

FAQs