Predicting Welcome Bonuses for the 11 Massachusetts Online Sportsbooks

Massachusetts is preparing for the launch of retail sports betting in a mere two weeks, with online sports betting anticipated to commence shortly after, possibly by March.

The 11 approved online sportsbooks, consisting of established companies and some new players, are currently preparing to launch promotional offers in order to attract new users and establish a strong presence in the Bay State.

Massachusetts possesses one of the largest sports markets in the nation, evident from the Boston Celtics to the New England Patriots and the Boston Red Sox. Consequently, it is highly likely to allure a vast number of enthusiastic sports bettors. The extent to which a sportsbook gains popularity in the state might hinge on the initial offerings they provide.

Check out the 11 Massachusetts Sports Betting Apps Coming in 2023! Read more about them here.

Below, you will find our compiled list of anticipated sportsbooks that are likely to be accessible in Massachusetts, along with potential welcome promotions they might offer. Please peruse our predictions and remain vigilant for the official promotional and bonus code offers that will be announced once sports betting becomes officially legalized in Massachusetts.

FanDuel

One of the top sportsbooks available is FanDuel. Despite their considerable success, they tend to be more conservative when it comes to promotions. In 2022, they made a significant move by introducing similar promotional offers for new users in New York and Ohio. Typically, these offers involve betting $5 and receiving bonus bet credits worth $150 to $200.

On the contrary, Massachusetts is expected to have more licensed online sportsbooks compared to other markets. To stay competitive, FanDuel Massachusetts might introduce a $1,000 No Sweat First Bet, a promotional offer that is occasionally launched during major sporting events.

DraftKings

FanDuel’s market value is one-sixth of DraftKings’, a fact that is consistently evident in the sportsbook’s marketing expenditure and promotional offerings. With the recent legalization of sports betting in Ohio, new users can enjoy bonuses of up to $1,250, comprising $250 in bet credits and a deposit match of 20% up to $1,000.

DraftKings, being headquartered in Massachusetts, might be seeking a hometown advantage, making their already highly profitable and comprehensive promotional offer even more enticing.

In the past, they have enhanced the deal by offering a sweepstake as an added incentive. If new users register with DraftKings MA, they have the chance to participate in a raffle with prizes ranging from $100,000 to $1 million.

BetMGM

BetMGM is a dominating force in the sports betting industry, known for its rapid growth as a sportsbook operator. Unlike many others, it offers a substantial bonus worth $1,000 or more. Currently, BetMGM provides first-bet insurance up to $1,000 in multiple states, along with a $50 bonus bet. This offer ranks as the third-highest value among all major sportsbooks.

If you’re planning to sign up for BetMGM Massachusetts, keep an eye out for a bonus offer that is comparable to previous launch offers in other states.

Caesars Sportsbook

Caesars Sportsbook caters to enthusiastic sports bettors. Presently, they are offering a $1,250 First Bet on Caesars, along with numerous tier and reward credits that can potentially unlock additional bonus bets in the future.

This sportsbook has a history of providing generous promotions focused on insurance bets. In the past, Caesars has offered as much as $1,500 in insurance, and in previous years, they have even offered $3,000. It wouldn’t be unexpected if the introductory offer for Caesars Sportsbook Massachusetts is similar, possibly even up to $2,000.

BetFanatics

If you consider yourself a sports fan, it’s impossible not to be familiar with Fanatics. This well-known sports apparel retailer has recently ventured into the world of sports betting, obtaining a license from the Massachusetts Gaming Commission. Since it’s a new player in the sportsbook market, its promotional offer must be competitive, if not surpass the offers from more established platforms.

With a net worth exceeding $30 billion, Fanatics possesses abundant resources to enhance the platform’s appeal to match any competitor.

On the other hand, it is improbable for BetFanatics to give away a large sum of money before establishing a solid foundation. Therefore, the offer is expected to be related to insurance. This means that if new users win their first bet, BetFanatics will not have to make a payout. However, if new users lose their first bet, they will probably receive a refund of their wager amounting to at least $2,000 or possibly more.

WynnBET

WynnBET, a local player in the Massachusetts gambling scene, made its mark with the opening of Encore Boston Harbor in 2019. Expanding its operations, the company has commenced construction on additional facilities that will feature a sports betting area. With a strong foothold in the state, WynnBET is expected to opt for a moderate promotional approach. New users can anticipate a promo offer of $100 to $200 in bet credits from WynnBET.

PointsBet

Although PointsBet is smaller compared to the other sportsbooks mentioned, its promotional offers tend to have a significant impact. In December, for example, the sportsbook provided two 2nd Chance Bets worth up to $2,000. Given the size of the Massachusetts market, it is reasonable to expect a similar offer from them.

With its competitive promotional offer and distinctive PointsBetting wager opportunity, PointsBet Massachusetts has the potential to significantly enhance its reputation among sports bettors.

Bally Bet

Bally Bet is currently available in six states, but with Massachusetts joining in, it will expand to seven. Being a smaller sportsbook, it rarely offers substantial promotional offers for new users, and this is not available in all states. However, considering the market size of Massachusetts compared to the existing six states, it is highly probable that a new user bonus will be offered in Massachusetts.

The ongoing promotion offers a betting match of $250, which is decent but fails to distinguish itself from the multitude of other choices available to sports bettors when the go live feature is introduced.

Betr

Betr, founded by YouTube star Jake Paul and Joey Levy, is one of the latest additions to the sports betting app market. This app specifically caters to new users by offering microbetting options. Microbetting, also known as possession-based betting, deviates from traditional bets on final statistics, the first drive, or game outcomes. Instead, it emphasizes the present moment, such as predicting whether the next pitch will be a ball or strike, or if the next basket will be a dunk or a 3-pointer.

Betr is a distinctive platform with the potential to become a beloved choice within the industry. Nevertheless, at present, it lacks the support that other platforms enjoy. As a current promotion, new users in Ohio can avail a $100 bonus. However, it is unlikely that Betr will offer any deals surpassing this in the near future.

Barstool Sportsbook

Although Barstool does not possess the same market share as the major sportsbooks, it is comparable to PointsBet in terms of promotional offers. Currently, Barstool Sportsbook is providing new users with $1,000 first-bet insurance. It is highly unlikely that this promotion will be reduced for the launch day in Massachusetts.

Don’t expect it to be higher either. Barstool, unlike PointsBet, doesn’t frequently exceed $1,000 in bonuses. Considering their brand reputation, they may not feel compelled to offer more.

Click here to find out how the taxation of MA sportsbooks will affect funding for problem gambling in the state.

Betway

In 2021, Betway entered the US market and obtained licenses in six states. Although it won’t be immediately available in Massachusetts when online sports betting is launched later this year, it is expected to follow shortly. Since its introduction from Europe to the US, Betway has offered the biggest promotions for new users, including first-bet insurance offers of $1,000 and $250. These are the only bonuses currently available in the US, so it is unlikely that the situation will be any different in Massachusetts.