Michigan has 14 licensed online sportsbooks as of 2026, but only about 8 of them are running welcome bonuses at any given moment. That gap matters. Before you deposit anywhere, you want to know exactly which promo codes are live, what you actually get, and where the fine print bites you. I've signed up and cashed out on every new app that's launched in this state, and this is the cleanest list I can put together right now.
All of this applies only to Michigan residents and visitors who are physically inside Michigan when they wager. You must be 21+. Gambling problem? Call 1-800-GAMBLER.
Which promo codes are active for Michigan sportsbooks right now?
Here's a quick side-by-side of the current codes and offer structures so you can see at a glance what you're working with:
| Sportsbook | Promo Code | Offer | Qualifying Wager | Key Fine Print |
|---|---|---|---|---|
| BetMGM | CBSSPORTS | Up to $1,500 in bonus bets if first bet loses | Any amount | Bets $50+ refunded as 5 tokens (20% each); tokens expire in 7 days |
| Caesars Sportsbook | LSRDYW | 10 x 100% profit boost tokens | $1 qualifying wager | Use within 14 days; max winnings $2,500 per token / $25,000 total |
| bet365 | LSRBET | Bonus bets + casino spins | $10 (win or lose) | Launched Michigan April 2026; min deposit $10 |
| BetRivers | LSRRIV | Second-chance bet credit up to $500 | First bet | Refund as bonus bets only — not withdrawable cash |
| Fanatics Sportsbook | SBREVIEW | Up to $1,000 in FanCash ($100/day, 10 days) | $1+ at odds -200 or longer | Opt-in required every day starting Day 2; missed days forfeited |
| FanDuel | None required | $350 in bonus bets — bet $5/day for 7 days | $5 per day | Separate $100 FanCash bet-match offer also available |
| DraftKings | None required | Bet $5, get $200 in bonus bets instantly | $5 (win or lose) | Issued as eight $25 tokens; 1x playthrough; tokens expire after 7 days |
What does each Michigan sportsbook promo code actually get you?
Enter CBSSPORTS when you register at BetMGM, place any first wager, and if it loses, BetMGM refunds the amount as bonus bets up to $1,500. That's the ceiling — it's first-bet insurance, not a guaranteed $1,500. Bet $200, lose $200, you get $200 back in tokens. Bets under $49 come back as one token; $50 and above split into five tokens worth 20% each. See the full breakdown in our BetMGM Michigan Promo Code CBSSPORTS: Up to $1,500 in Bonus Bets review.
Caesars runs differently. Enter LSRDYW, place a single $1 qualifying wager, and you unlock 10 profit boost tokens — each one doubles your net winnings on a qualifying bet, capped at $2,500 per token. You have 14 days to use them. That's a $25,000 theoretical max if everything goes right, though the per-token cap keeps any single bet from going wild. Full details are in our Caesars Michigan Promo Code LSRDYW: 10 Profit Boost Tokens Explained page.
bet365 launched in Michigan in April 2026, and the welcome offer is refreshingly simple: place a $10 qualifying wager using promo code LSRBET — win or lose — and you'll receive bonus bets plus casino spins. No sweat if your bet loses; the trigger is placing it, not winning it. Minimum deposit is $10.
BetRivers uses code LSRRIV for a second-chance bet credit up to $500. If your first bet loses, you get the amount back as bonus bets. Important: that refund is not withdrawable cash. You have to wager it again before any winnings can move to your account.
Fanatics is the most high-maintenance offer on the list. Code SBREVIEW unlocks up to $1,000 in FanCash, but it's $100/day for 10 days on bets of $1 or more at odds of -200 or longer. Starting Day 2 you have to opt in manually every single day. Miss a day, that day's $100 is gone permanently. Mobile app only.
Do you need a promo code for FanDuel or DraftKings in Michigan?
No. FanDuel and DraftKings are both no-code offers right now. FanDuel's deal is $350 in bonus bets when you place a $5 bet on seven consecutive days. DraftKings drops $200 in bonus bets — eight $25 tokens — the moment your $5 qualifying wager settles, regardless of whether it wins. The DraftKings tokens carry a 1x playthrough and expire after 7 days, so don't sit on them. Get the complete FanDuel terms in our FanDuel Michigan Promo: Bet $5 a Day, Earn $350 in Bonus Bets breakdown.
Can you claim more than one Michigan sportsbook bonus?
Yes, and you absolutely should. Each welcome offer is limited to one per customer per brand, but there's nothing stopping you from holding accounts at all 14 licensed Michigan operators and claiming each sign-up deal in sequence. That's the play most value-hunters make during football season or March Madness. Just remember — only about 8 of the 13–14 active Michigan sportsbooks are running welcome promos at any given time, so check current availability before you deposit.
For a fully ranked list that goes beyond promo codes into long-term value, line quality, and app experience, head to our Best Michigan Sportsbook Promos Ranked for 2026 guide. And always remember: bonus bets return winnings only — the stake itself doesn't come back as cash. 21+, MI only. Gambling problem? Call 1-800-GAMBLER.