The best Michigan sportsbook promos right now range from BetMGM's up-to-$1,500 first-bet insurance to DraftKings' instant $200 in bonus bets for a $5 wager. You can legally hold accounts at every licensed Michigan book and claim each welcome offer — so stacking them is one of the smartest moves a new bettor can make.
Which Michigan Sportsbook Promo Is Worth the Most in 2026?
It depends on how you plan to bet. A big first-bet insurance gives you cover on a single large wager. A "Bet $5, Get $200" deal pays out regardless of outcome, so the math is simpler. The ranked table below lays out every current offer side by side — dollar amount, promo code, minimum deposit, and expiry — so you can decide before you sign up anywhere.
| Rank | Sportsbook | Welcome Offer | Promo Code | Min. Deposit | Expiry |
|---|---|---|---|---|---|
| 1 | BetMGM Michigan | Up to $1,500 in bonus bets if first bet loses | CBSSPORTS | Varies | 7 days |
| 2 | Fanatics Michigan | Up to $1,000 in FanCash ($100/day for 10 days) | SBREVIEW | $10 | 10 days |
| 3 | theScore Bet Michigan | Bet Reset up to $1,000 | — | Varies | Varies |
| 4 | BetRivers Michigan | Second-chance bet credit up to $500 | LSRRIV | Varies | Varies |
| 5 | FanDuel Michigan | $350 in bonus bets — place $5/day for 7 days | None needed | Varies | Varies |
| 6 | DraftKings Michigan | Bet $5, get $200 in bonus bets instantly | None needed | $5 | 7 days per token |
| 7 | Caesars Michigan | 10 profit boost tokens on first $1 wager | LSRDYW | $10 | 14 days |
| 8 | bet365 Michigan | Bonus bets after a $10 qualifying wager | LSRBET | $10 | Varies |
How Do Michigan Sportsbook Bonus Bets Actually Work?
Bonus bets are site credit — you wager them, but when one wins you collect only the profit, not the stake itself. So a $1,500 first-bet insurance at BetMGM is real value, but it's not the same as $1,500 in cash sitting in your pocket. Keep that in mind when comparing headline numbers.
DraftKings' $200 payout is structured as eight separate $25 tokens, each with a 1x playthrough and a 7-day expiry. Easy to use, low friction. Fanatics' $1,000 FanCash spread over 10 days sounds huge — and it can be — but you must opt back in every single day starting on Day 2 or you forfeit that day's match permanently. Mark your calendar.
Can You Claim More Than One Michigan Sportsbook Promo?
Yes. You're limited to one sign-up bonus per brand, but there are 14 licensed books in Michigan and nothing stops you from opening accounts at all of them. Stacking multiple welcome offers is completely legal and one of the few genuine edges available to retail bettors. Our Michigan Sportsbook Promos comparison hub tracks every active offer in one place.
Not sure which two to start with? The DraftKings vs FanDuel Michigan matchup breaks down the math on the two most popular no-code offers head to head.
Which Offers Require a Promo Code?
BetMGM (CBSSPORTS), Caesars (LSRDYW), bet365 (LSRBET), BetRivers (LSRRIV), and Fanatics (SBREVIEW) all require a code at sign-up. FanDuel and DraftKings do not — the offer triggers automatically. If you'd rather skip the code step entirely, check out the full list of Michigan sportsbook bonuses available without a promo code.
What Are the Biggest Fine-Print Traps?
- Caesars' profit boost tokens cap winnings at $2,500 per token — a larger qualifying bet doesn't unlock bigger returns.
- Minimum odds restrictions are common; many offers require bets at -200 or longer, so you can't slap a big bonus on a -600 favorite.
- Bonus bets expire fast — most Michigan sportsbook bonus bets lapse within 7 to 14 days of issuance. Don't sit on them.
- Fanatics daily opt-in — missing one day after Day 1 permanently forfeits that day's $100 FanCash match.
Michigan's low 8.4% operator tax rate means books here are incentivized to keep odds sharp and promos competitive compared with higher-tax states. That's good news for you at sign-up and long after the welcome bonus clears.
Is It Legal to Claim These Promos in Michigan?
All the offers above come from Michigan Gaming Control Board-licensed operators. Online sports betting has been legal and live statewide since January 22, 2021. You must be 21+ and physically located inside Michigan when you wager — residency is not required. For a full breakdown of the rules, see our Michigan sports betting legal guide.
Must be 21+. Gambling problem? Call 1-800-GAMBLER or the Michigan helpline at 1-877-770-STOP.