Online Sportsbook Deposit Matches

As recently as this past winter, deposit matches were all the rage in the mobile sports wagering industry. After all, who could turn down free money?

Where Have They Gone? Who’s Still Offering Deposit Matches?

Sportsbooks were offering dollar-for-dollar matches on deposits – deposit $1,000, and we’ll give you another $1,000 free! Customers certainly weren’t complaining, especially in New York where the legalization of sports wagering came just in time for the NFL playoffs.

But now it seems harder to find deposit match offers. TV and web advertising for sportsbooks boasted regularly about their “best in the industry” deposit match – now, the commercials are fewer and farther between. What happened? Are the offers still out there?

Sportsbooks Still Offering Deposit Matches

FanDuel Sportsbook

FanDuel Sportsbook RISK FREE

Get a No Sweat First Bet worth up to $1,000!
$1,000 Risk Free Bet get bonus
Terms and Conditions apply
DraftKings Sportsbook

DraftKings Sportsbook DEPOSIT BONUS

Get a Deposit Bonus on your first deposit worth up to $1,000!
$1,000 Deposit Bonus get bonus
Terms and Conditions apply
BetRivers Sportsbook

BetRivers Sportsbook DEPOSIT MATCH

Use code USWAGER to get a Deposit Match Bonus on your first deposit worth up to $250!
$250 Deposit Match get bonus
USWAGER
Terms and Conditions apply
SugarHouse Sportsbook

SugarHouse Sportsbook DEPOSIT MATCH

Use code USWAGER when you sign up to get a Deposit Match Bonus up to $250!
$250 Deposit Match get bonus
USWAGER
Terms and Conditions apply

Reasons for Fewer Deposit Match Offers

There are some possibly logical reasons the offers have slowed, so let’s look at a couple possibilities:

Law of Diminishing Returns.

This is an old economic principle that, simplified, contends that if you continue to increase your investment in one area, at some point profit from the investment will stop increasing. Demand can’t keep up with supply.

Is that the case with deposit matches? States like Michigan and New Jersey did report record profits as recently as this spring, and while the summer months may be somewhat quieter, it doesn’t stand to reason that the supply of new sports wagering customers has run out. Let’s keep searching…

Better Introductory Offers.

One thing about the robust deposit match offers is there’s more to the story. A free, no-questions-asked dollar-for-dollar match sounds a little too good to be true, and in a way it is.

Playthrough rules require customers to wager a certain amount with the deposit match funds before the money is eligible for withdraw. For example, a 5-time playthrough on a $1,000 deposit match would require the customer to wager $5,000 before they could withdraw the funds from the deposit match.

For this reason, many experts and wagering enthusiasts believe other introductory offers, such as free bets or risk-free bets, are preferable to deposit matches. In turn, we are seeing more introductory offers along these lines, such as FanDuel advertising up to $1,000 on a risk-free bet for new customers.

How to Bet on Soccer

Timing.

There’s plenty going on in the world of sports right now – Wimbledon, PGA golf majors, the Tour de France, and various international soccer competitions such as the CONCACAF and Euro Women’s Soccer tournaments.

The problem is the typical American sports fan has to look just a little harder to find these competitions. The NBA and NHL just ended a pair of particularly long campaigns, the NFL is still a month away from preseason, and Major League Baseball bettors are already in full swing. Maybe we’re just at a quiet time of year, and the offers will pick back up in mid-August or so as pro and college football seasons approach.

Deposit Match Offers

Of course, the offers haven’t completely disappeared. A quick look reveals that a customer new to sports wagering can still open an account in several spots and find a generous deposit match. Some examples:

SPORTSBOOKTHE OFFERDETAILS
DraftKingsNew customers receive a 20% deposit match on their first deposit. Deposit $5,000 and you’ll receive $1,000 in deposit match funds, giving you a total of $6,000.For every $25 played in DraftKings sportsbook, casino, or daily fantasy contests, the customer receives $1 in bonus funds. So in the earlier example, the customer would need to play a total of $25,000 in cumulative wagers to receive the full $1,000 in a deposit match bonus.
BetRiversDeposit up to $250 in your own funds, and BetRivers will match your deposit dollar for dollar.This is a straightforward, one-time rollover promotion. As soon as the customer has wagered the $250 bonus, the funds are theirs to do as they please (keep wagering or withdraw.)   The number itself may not be as eye-popping as some promotions, but a one-time rollover is a best-case scenario for a bettor.
SugarHouseDeposit up to $250 in your own funds, and SugarHouse will match your deposit dollar for dollar.Similar to the BetRivers offer above, but SugarHouse does specify that sports wagers must be made at odds of -200 or greater (such as -180, +150, +350, no numbers such as -225 or above.)
FanDuelRight now, FanDuel is offering a deposit match up to $50 to bet Horse Racing specifically.Whether you are an established customer or brand new to FanDuel, your first deposit to the FanDuel Racing (FDR) account is eligible for this promotion.   Users can sign up for FDR using their existing FanDuel Sportsbook credentials and will immediately receive a Sportsbook credit of $10. The Promotion Bonus (deposit match up to $50) will be credited within 72 hours but must be used within seven days once it is awarded.   The Bonus itself cannot be withdrawn, but any winnings from Bonus funds are immediately eligible for withdraw.

Right now it seems the most attractive signup bonuses at sportsbooks are in the form of risk-free bets, where a losing wager is refunded as a free bet. But there are deposit matches available on plenty of sites.

FanDuel Sportsbook

FanDuel Sportsbook RISK FREE

Get a No Sweat First Bet worth up to $1,000!
$1,000 Risk Free Bet get bonus
Terms and Conditions apply
DraftKings Sportsbook

DraftKings Sportsbook DEPOSIT BONUS

Get a Deposit Bonus on your first deposit worth up to $1,000!
$1,000 Deposit Bonus get bonus
Terms and Conditions apply
BetRivers Sportsbook

BetRivers Sportsbook DEPOSIT MATCH

Use code USWAGER to get a Deposit Match Bonus on your first deposit worth up to $250!
$250 Deposit Match get bonus
USWAGER
Terms and Conditions apply
SugarHouse Sportsbook

SugarHouse Sportsbook DEPOSIT MATCH

Use code USWAGER when you sign up to get a Deposit Match Bonus up to $250!
$250 Deposit Match get bonus
USWAGER
Terms and Conditions apply

Just make sure you understand the Terms and Conditions, especially the rollover rules. Remember – the smaller the rollover requirement, the easier it is to access your money!

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