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NBA Betting Promotions 2024: Best Basketball Betting Offers & Bonuses

Last Updated on 01.04.2024
Fact checked by: Emily Carter

Looking to find the best NBA betting promos where you are? If so, you’ll be pleased to know I’ve tested out plenty of offers for 2024 and you can find my top recommendations below.

That’s not all though, I’ll also give you some tips and advice to help you get the most out of the bonus you choose. Not all bonuses live up to the hype though, so I also feel it’s important to highlight the type of deals you should avoid at all costs.

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Claim the best basketball betting bonuses today!

Bet365
Recommended
Favicon
4.7/5
Requirements (WR): 1x Bonus
Min. Deposit: $10
Min. Odds: -500
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to Bet365
Get bonus now
Payment Methods
Find out more on Bet365.
Withdrawal
1 – 10 Days
Apps
License
Virginia (US) Lottery Board
Award
EGR – Operator of the year (2017)
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
Show less
BetMGM
Hot Offer
Favicon
4.7/5
Requirements (WR):
Min. Deposit: $5
Min. Odds:
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to BetMGM
Get bonus now
Payment Methods
PayNearMe
PayPal
Bank Transfer
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Award
GGA – Digital Operator of the Year (2023)
Show less
FanDuel
Hot Offer
Favicon
4.6/5
Requirements (WR): 1x Deposit
Min. Deposit: $10
Min. Odds:
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to FanDuel
Get bonus now
Payment Methods
Prepaid Card
PayNearMe
PayPal
+
Withdrawal
1 – 10 Days
Apps
License
Virginia (US) Lottery Board
Award
Global Gaming Awards (2022)
Show less
Caesars
4.
Favicon
4.5/5
Requirements (WR): 1x Deposit
Min. Deposit:
Min. Odds:
Caesars Bonus
100% up to $1000
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to Caesars
Get bonus now
Payment Methods
E-Check
PayNearMe
PayPal
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Show More
DraftKings
5.
Favicon
4.5/5
Requirements (WR): 1x Bonus
Min. Deposit: $5
Min. Odds:
DraftKings Bonus
Bet $5, Get $150 in Bonus Bets Instantly + All-Customer SGP Insurance
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to DraftKings
Get bonus now
Payment Methods
PayPal
VIP Preferred
Play+
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Award
EGR – Operator of the year (2023)
Show More
BetFanatics
6.
Favicon
4.4/5
Requirements (WR):
Min. Deposit:
Min. Odds:
BetFanatics Bonus
Bet $100, Get $100 in Bonus Bets Every Day for 10 Days!
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to BetFanatics
Get bonus now
Apps
License
Virginia (US) Lottery Board
Show More

The pros and cons of NBA betting promos

Before we take a closer look at some basketball betting bonuses, I’ve put together a summary of the main pros and cons for you:

Stock Basket Ball Image
  • Various bonus types available
  • Gives you something extra as a new bettor
  • Many offers have fair T&Cs
  • Most US sportsbooks offer NBA promos to existing customers
  • The competitive market is driving up the quality of bonuses
  • Playthrough requirements, restrictions and other T&Cs

The top 5 NBA betting promos

Don’t you just hate it when you endlessly have to scroll down a page to get to the point? Let’s not beat about the bush – we’ll get straight to those offers I keep mentioning.

Here are my five best sportsbook promotions for all of us NBA fans:

NBA sportsbookWelcome offerApp rating
BetMGMBet $5 Get $1504.8 ⭐
DraftKingsNo sweat bet up to $1,0004.8 ⭐
FanDuelBet $5 Get $1504.8 ⭐
Bet365Bet $5 Get $150 your First Bet Safety Net up o $1,0004.8 ⭐
CaesarsFirst Bet Back up to $1,0004.6 ⭐

BetMGM Sportsbook: Bet $5 Get $150

BetMGM sportsbook and casino
  • Generous welcome offer
  • Fair T&Cs
  • vailable 18 states
  • Qualifying bet result doesn’t matter
  • Not available to customers in NY and NV

At BetMGM, you can get $150 in bonus bets when you register, deposit at least $10, and make your first NBA bet of $5 or more. Once your qualifying bet has been settled, regardless of the result, you will receive 6 x $25 bonus bet tokens.

Sports Bonus
4.7/5
BetMGM
Sports Bonus
4.7/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Free Bet
|
T&Cs apply, 21+
Go to BetMGM
Get Bonus

DraftKings Sportsbook: No sweat bet up to $1,000

draftkings main
  • Large maximum bonus
  • No minimum odds restrictions
  • Available 20 states
  • You only get your bonus if your first bet loses

If your first bet at DraftKings Sportsbook loses, you can get your stake value back as a bonus bet up to a maximum of $1,000. What I think is great about this offer, is the minimum deposit and first bet is just $5, making it accessible to you regardless of your budget.

Sports Bonus
4.5/5
DraftKings
Sports Bonus
4.5/5
Bet $5, Get $150 in Bonus Bets Instantly
Welcome Bonus
|
T&Cs apply, 21+
Go to DraftKings
Get Bonus

FanDuel Sportsbook: Bet $5 Get $150

fanduel main
  • Flexible welcome offer
  • No market restrictions
  • Bonus paid with a winning or losing qualifying bet
  • Available 20 US states
  • Bonus bets cannot be used for NBA round-robin wagers

In a similar vein to BetMGM, FanDuel Sportsbooks is currently offering you $150 in bonus bets with a $5 qualifying bet on the NBA or any sportsbook market. There are no market restrictions when it comes to using your $150 in bonus bets (except for round robins), so most NBA bet types are fair game.

Sports Bonus
4.6/5
FanDuel
Sports Bonus
4.6/5
Bet $5 Get $200 in Bonus Bets if your bet wins
Welcome Bonus
|
T&Cs apply, 21+
Go to FanDuel
Get Bonus

Bet365: Bet $5 Get $150 or First Bet Safety Net up to $1,000

  • Choice of two welcome offers
  • Reputable international betting brand
  • Low minimum odds requirement
  • Fair T&Cs overall
  • Only available in five US states

At this sportsbook, you have the choice between two NBA betting promos when you first sign up. You can go for the FanDuel model, and get $150 in bonus bets with a $5 qualifying NBA wager at odds of -500 or greater. Alternatively, you can get your stake back as a bonus bet if your first bet loses, like at DraftKings.

Sports Bonus
4.7/5
Bet365
Sports Bonus
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Free Bet
|
Go to Bet365
Get Bonus
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+

Caesars Sportsbook: First Bet back up to $1,000

Caesars
  • High maximum bonus
  • Top-rated NBA sportsbook
  • Fair T&Cs
  • Available in 20 states
  • No bonus if your first bet wins

Last but not least, we have Caesars, one of my favorite sportsbooks for basketball betting. As with a couple of the other NBA betting promos mentioned so far, you can get a bonus back-bet if your initial wager loses at Caesars Sportsbook online.

Sports Bonus
4.7/5
Bet365
Sports Bonus
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Free Bet
|
Go to Bet365
Get Bonus
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+

How NBA betting promos work and how to claim them

The process of claiming and using bonuses varies depending on the bonus type and the NBA betting sites you are using. However, here I have provided you with a general overview of how to get started:

  1. Choose a sportsbook and bonus from those I have mentioned above.
  2. Register with your personal info and verify your account with your photo ID and SSN.
  3. Enter an NBA bonus code (optional and not always required).
  4. Make your first deposit of at least $10 ($5 on DraftKings).
  5. Place your qualifying NBA wager (make sure to check the T&Cs first for restricted bet types and minimum odds etc.)
  6. Get your bonus when your qualifying bet settles
  7. Use your bonus and meet the playthrough requirement (if applicable)
  8. Withdraw your funds if your qualifying and/or bonus bets are successful

My top tips to get the most out of your NBA welcome offer

Now that we’ve taken a look at the process of claiming your bonus, here are my top five tips to help you get the most out of your NBA betting promos:

Always read the T&Cs first

 Before you register or make your qualifying deposit, read the T&Cs first and look for things like excluded payment methods, time limits, minimum odds, market restrictions, and playthrough requirements. 

Don’t get greedy

 When making your first deposit and/or qualifying bet, don’t spend more than you can afford just to get a larger bonus. 

Track your wagering and time limits

 I recommend keeping a diary or using a spreadsheet to make sure that you use and playthrough your bonus within the time limit. 

Use your NBA knowledge

 We’re all big basketball fans here, and you can use your savvy knowledge of the sport to help you put your bonus to the best possible use.

Forget you’re a fan

 While we are all NBA fans here, your passion needs to be put to one side when using your betting bonus. Avoid betting on players and teams that you’re a fan of and focus instead on the stats and logic.

Common mistakes to avoid:

Above, we have focussed on what you should do, now let’s turn our attention to what you shouldn’t. Here are some common mistakes I’ve seen new bettors make when using their NBA betting promos:

  • Betting on restricted markets and bet types
  • Not adhering to the minimum odds requirement
  • Ignoring the wagering requirements
  • Letting the bonus expire
  • Betting on sports or markets you don’t understand

Blacklisted NBA betting sites

When claiming an NBA betting bonus, make sure to register with a legal US sportsbook that is licensed in your state. What’s more important than avoiding out-of-state sportsbooks, however, is using offshore Basketball betting sites.

I have provided details of the blacklisted sportsbooks you need to avoid at all costs right here on this page.

Types of NBA betting promos explained

Looking for a bit more insight? Here is a detailed explanation of the three most common basketball betting bonus types:

Bonus bets

These are tokens that give you a single stake bet of a certain value. For example, at BetMGM, you get six bonus bets each worth $25. Just be aware that if you win, the bonus bet value isn’t included in your returns.

No sweat bet

A no sweat bet is a bonus bet with one key difference – you only receive your bonus bet if your qualifying wager loses. This is one of the most popular NBA betting promos around and is currently available at DraftKings, Bet365 and Caesars.

Deposit match bonus

This type of bonus involves the sportsbook matching your deposit up to a certain percentage – e.g. 100% up to $100. Usually, deposit bonuses are paid as bonus credits, which, unlike many bonus bets, can be used on multiple sports and wagers, rather than as a single bet.

Bet365
4.7/5
Bet365 Review
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Bet now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
4.7/5
BetMGM Review
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply, 21+
Bet now
FanDuel
4.6/5
FanDuel Review
Bet $5 Get $200 in Bonus Bets if your bet wins
T&Cs apply, 21+
Bet now

How we rate and compare NBA betting promos

My mission here is to introduce you to the best bonus for NBA betting. But I also want to explain how and why I selected the bonuses I showed you earlier, so that you can find your own ideal offers in future.

Here’s a look at the main things I consider when rating and comparing sportsbook offers:

  • Bonus offer – First of all, I look at the headline and see what the bonus involves.
  • How to claim the bonus – I then look at the sportsbook registration process and what is required to claim the offer. E.g. is there a promo code needed?
  • Terms and conditions – This is the most important part of the process, as the T&Cs tell us the true value of a promotion. I look for things such as minimum odds, time limits, bet restrictions, and wagering requirements.
  • Bonus use – I put the bonus to the test myself so that I can accurately report to you how it works in practice.
  • Bonus withdrawal – Online sportsbooks can’t afford to give you free cash, so most NBA betting promos have conditions that must be met before withdrawal. With some bonus bets, you can withdraw your winning profit straight away, but the value of the bonus bet won’t be included in your returns.

Tips for choosing your ideal NBA betting site

I’d like to move away from our bonus focus if I may and give you some tips to help you choose the right NBA sportsbook for you:

  1. Check the odds and markets for the NBA and other sports you like.
  2. Consider your experience level – if you’re new to betting a simple interface with straightforward bet types is key.
  3. Look at the welcome offer and if it suits you.
  4. See if the minimum deposit limit suits you – I recommend the $5 limit at DraftKings if you’re on a budget.
  5. Look for extra features to enhance your experience as a basketball fan, like NBA live streaming.
  6. Take a scroll through the banners of this page, where you’ll see my top recommendations displayed.

Using your bonus to bet on basketball and other sports

While you can technically use the bonuses mentioned on this page to bet on any sport, our focus has been on NBA betting promos, so let’s stick with that. For those of you that are new to NBA betting, we’ll start by taking a quick look at how you can use your bonus to wager on basketball.

The majority of bonuses allow you to wager on most NBA pre-game bet types, though things like round robins, parlays, and in-play bets are often excluded. If you’re a first-time bettor, I recommend focussing on these three basic wagers when using your NBA betting promos:

  1. Moneyline – A straightforward wager on which team will win the match.
  1. Points spread – A points handicap is given to the favorite and a points advantage is given to the underdog to even up the contest.
  1. Over/under (totals) – Rather than betting on the result of the game, you can wager on whether the combined number of points scored by both teams during the game will be over or under the projected amount displayed in the betting line.

Here’s an example of how a basic NBA betting line looks:

MoneylineOver/underPoints spread
Knicks+170O 225.5+5.5 (-110)
Lakers-205U 225.5-5.5 (-110)

Other sports to use your betting bonus on

As well as using your welcome bonus to enhance your NBA betting strategy, you might also want to consider these sports:

  • NFL
  • NHL
  • MLB
  • European soccer
  • MMA and boxing
  • Tennis
  • Golf
  • Niche sports like badminton and floorball

The mobile and online sports betting landscape as we know and love it today first began to take shape in the US in 2018. The US Supreme Court overturned the PASPA, a ban on single-game pro sports betting effectively allowing state governments to determine their own sports betting laws.

Today, 30 US states have moved to legalize mobile and/or retail sports wagering in some capacity, with many more still having it in the works. For all winnings, you have to pay a 24% federal tax, while most states also impose a specific state tax on winnings over a certain amount.

As of 2023, sports betting operators have taken a total combined handle in the US of $300 billion, creating $25 billion in revenue. Taxes on sports betting revenue, particularly online, are high in most states, so billions of dollars have been raised to help local governments and public services.

Who can claim these NBA betting promos?

To be able to register remotely at an online sportsbook and claim an NBA betting bonus, you need to be:

  • Aged 21 or older in all legal US sports betting states
  • Physically located in a state with legal mobile sports wagering
  • Have government-issued ID and SSN
  • Not previously have held an account with the sportsbook you’re signing up to

Can non-residents claim basketball betting bonuses?

If you are not a resident of the state you are currently located in, you can still register with a sportsbook online and claim their NBA betting promos, as long as you are aged 21+ and have your ID and SSN to hand. Unfortunately, non-US residents cannot bet online, but some states do allow in-person NBA wagering for foreign nationals.

NBA betting promos – Conclusion

In summary, there are plenty of NBA betting bonuses out there to keep us entertained as basketball fans. To claim one of my recommended offers above, you must be 21 or older, located in a state with legal mobile sports betting, and have your photo ID and SSN to hand.

When it comes to deciding which bonus is right for you, make sure to consider a number of factors, such as bonus type, T&Cs, and the sportsbook itself. Finally, make sure to bookmark this page, as I will always test and review new NBA betting offers as and when they hit the US market.

In case you missed them…

Bet365
1.
Favicon
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $10
Go to Bet365
Get bonus now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
2.
Favicon
4.7/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
Min. Deposit: $5
Go to BetMGM
Get bonus now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.6/5
Bet $5 Get $200 in Bonus Bets if your bet wins
Virginia
Players from Virginia accepted
Requirements (WR): 1x Deposit, Min. Deposit: $10
Go to FanDuel
Get bonus now
T&Cs apply, 21+
Caesars
4.
Favicon
4.5/5
100% up to $1000
Virginia
Players from Virginia accepted
Requirements (WR): 1x Deposit
Go to Caesars
Get bonus now
T&Cs apply, 21+
DraftKings
5.
Favicon
4.5/5
Bet $5, Get $150 in Bonus Bets Instantly + All-Customer SGP Insurance
Virginia
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $5
Go to DraftKings
Get bonus now
T&Cs apply, 21+

NBA betting promos FAQ

🎯 What is the best NBA betting bonus?

Depending on which state you are in, there are many good welcome offers at sportsbooks for NBA fans. Some of my favorites include the “Bet $5 Get $150” bonus at BetMGM and the up to $1,000 no sweat bet at DraftKings. If you are lucky enough to be in a state where Bet365 is legal, you can choose between two NBA welcome offers.

🤔 Where can I find odds boosts for the NBA?

FanDuel and DraftKings are known for their odds boosts for the NBA and other pro sports betting markets. Additionally, BetMGM, Caesars, and Bet365 shouldn’t be overlooked in this regard.

🏀 What are the best sportsbooks online for NBA betting?

Based on their bonuses, NBA betting odds, and live streaming availability, BetMGM, FanDuel and DraftKings all stand out. However, special mentions have to go to Bet365 and Caesars Sportsbook. For more information, head to Dunkorthree.com.

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Bet365
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4.7/5
BetMGM
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4.7/5
FanDuel
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4.6/5
Caesars
Caesars
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4.5/5
DraftKings
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Bet365
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
T&Cs apply
4.7/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.7/5
FanDuel
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
T&Cs apply
4.6/5
Caesars
Caesars Bonus
100% up to $1000
T&Cs apply
4.5/5
DraftKings
DraftKings Bonus
Bet $5, Get $150 in Bonus Bets Instantly
T&Cs apply
4.5/5
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Gambling Editor
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