Just about every online sportsbook has a rewards program these days. It's one of the user perks that punters expect when choosing a sportsbook to place their bets at.
The bonus bets, bonus store credits, and VIP experiences that come along with sportsbook rewards programs often make users want to continue using one sportsbook over another. That way they can accumulate more reward points to trade in for prizes later.
Many sportsbooks use their rewards programs as selling points. Those that have a land-based casino or other assets tend to link their rewards, making the program even more attractive to users who might use the bookmaker’s other services, such as hotels and restaurants.
For instance, the Seven Stars tier of Caesars Rewards offers exclusive member benefits like luxury room suite upgrades, spa retreats, and more. The perks incentive VIP players to bet through the sportsbook more.
Below, we’ll show you how these sportsbook rewards programs work and how to make the most out of them.
| Sportsbook | Loyalty Program | Sign up |
|---|---|---|
| Caesars | Caesars Rewards | Go » |
| BetMGM | BetMGM Rewards | Go » |
| DraftKings | Dynasty Rewards | Go » |
| BetRivers | iRush Rewards | Go » |
| Fanatics | FanCash | Go » |
| Hard Rock | Hard Rock Bet Loyalty | Go » |
Types of Sportsbook Rewards Programs
Rewards programs come in many shapes and sizes. Here are some of the most common forms you’ll find at online sportsbooks.
-
Points-Based Systems
Most US sportsbooks use a point system where you get a fixed amount of points for every $100 wagered. Many sportsbooks offer a $100:1 ratio—$100 wagered earns you 1 rewards point.
The way a basic point system works is you get a fixed amount of points for every $100 wagered. Many sportsbooks offer a $100:1 ratio—$100 wagered earns you 1 rewards point.
Some sportsbooks offer cash back based on the odds you bet instead. For example, Fanatics Sportsbook's FanCash program gives you cash back the same way a credit card rewards program like AmEx would.
Here’s a chart on how their system works with the odds determining the rewards:
| Betting Odds | FanCash Earned |
|---|---|
| -110 or shorter | .01% to 1% of amount bet |
| -105 to +600 | 1-3% of amount bet |
| +610 to +2100 | 3-6% of amount bet |
| +2200 to +4600 | 6-9% of amount bet |
| +4750 to +6000 or longer | 9-10% of amount bet |
Once you have rewards points, you can trade them in for bonus bets or other prizes according to the value described by the rewards program you’re using. In FanCash’s case, the value is $1:1 in terms of value, but you don’t earn it at a ratio of $1:1 since you earn it through the cash back percentages shown above. So like a credit card, the value of the reward earned is in terms of dollars.
⚠️ Keep in mind that reward points typically expire if unused. For FanCash, all rewards points expire on December 31st of each year, and bonus bets are valid for up to 90 days.
-
Online-Only Tiered VIP Programs
Sportsbooks that run an online-only VIP program typically do so using tiers. Many will use both bonus store credits of some kind plus tier credits as their betting rewards. However, the tier credits are only used to determine which tier your rewards account belongs to. They can’t be traded in for prizes like bonus credits can.
Users who bet more on the site earn more credits. The more credits you earn in a set period of time (usually a month or a year), the higher tier status your account will achieve.
For example, DraftKings Dynasty Rewards offers both “Crowns” and “Tier Credits.” Users can redeem Crowns for DK Dollars, entries into tournaments and contest, and prizes in the DraftKings Dynasty Store. Tier credits determine your DraftKings Tier Status.
In this case 550 Crowns equal 1 DK Dollar, which has the value of $1 USD but in bonus funds. Bets with odds of -300 or longer earn 1 Tier Credit for every $18.
At DraftKings, there are five tiers from Bronze to Onyx—each with greater and greater benefits to users, such as exclusive live experiences, weekly casino rewards, and more.
-
Crossover Loyalty Programs
Sportsbooks that are part of a larger enterprise, like a string of casinos, sometimes offer one rewards program for all of their offerings. Hotel stays, in-person casino play, online sportsbook betting, and more can all earn loyalty points for each dollar spent.
We mentioned Caesars’ loyalty program earlier. Another great example is BetMGM Rewards. In addition to earning BetMGM Rewards Points on sportsbook and casino games, users can get on-property rewards anywhere in an MGM resort, such as dining, spa visits, and even gift shops. They can even link their Rewards account with Marriott Bonvoy to earn points.
At the sportsbook, users earn a minimum of 20 BetMGM Rewards Points and 20 Tier Credits for each $100 spent on a straight bet. Parlay bets yield even more at 50 points each for every bet of $100. At the Rewards Store, you can trade in 800 BRP (BetMGM Rewards Points) for a $10 bonus bet.
Top Sportsbook Rewards Programs in the US
-
Caesars Rewards
Caesars Sportsbook is known for having some of the best sportsbook rewards programs in the country, including a welcome offer of $1000 in bonus bets. There’s one loyalty program for all of Caesars’ offerings, including the online sportsbook, in-person sportsbook at one of the their casino locations, online casino games, in-person casino games, hotel stays, dining, and much more.
The program even offers additional perks such as on your birthday month you’ll receive one free $5 bet to use as you wish. Caesars uses a Tier Credit system in addition to Rewards Credits. They are earned at the same rate: 10 credits per $100 wagered on straight bets, or 20 credits per $100 wagered on parlays.
Here’s the Rewards Tier breakdown:
| Tier Level | Required Credits |
|---|---|
| Gold | 0-4,999 credits |
| Platinum | 5,000-14,999 credits |
| Diamond | 15,000-24,999 credits |
| Diamond Plus | 25,000-74,999 credits |
| Diamond Elite | 75,000-149,000 credits |
| Seven Stars | 150,000+ credits |
The Seven Stars program is by invitation only and brings the most perks, including one retreat per year, a celebration dinner for your birthday, and much more.
Caesars Rewards Credits can be redeemed in the sportsbook Rewards Store for bonus bets that can be used to place bets on any sports market. 100 Reward Credits is worth $1 in Bonus Cash. Other rewards available for Caesars Rewards Credits include hotel stay discounts, gift cards, merchandise, and more.
-
BetMGM Rewards
BetMGM is similar to Caesars in that it combines the online sportsbook rewards program with its brick-and-mortar rewards for its casino resorts and just about everything in them. BetMGM Rewards Points (BRPs) and Tier Credits are earned at the same ratio.
| Tier Level | Tier Credits Required | Status |
|---|---|---|
|
Sapphire
|
Up to 19,999 | Automatic Entry |
|
Pearl
|
20,000 | Earned Status |
|
Gold
|
75,000 | Earned Status |
|
Platinum
|
200,000 | Earned Status |
|
NOIR
|
Invitation Only | Exclusive Invitation |
Redemption Value: A $100 straight bet earns you 20 Points/Credits. A $100 parlay earns you 50. Each tier comes with a birthday bonus and an anniversary bonus, starting at $5 each for the Sapphire Tier and going all the way up to $200 for the Noir Tier.
Whether or not you decide to sign up with the BetMGM bonus code, you’ll find a list of categories, such as Sports or Casino, within the Rewards Store. In Sports, you’ll find packages for redeeming BRPs, including bonus funds and odds boosts. Amounts vary depending on how much you want to redeem but packages start at 800 BRPs for $10 in sportsbook bonus funds.
Note: Tier Credits are earned through qualified play and reset annually.
-
DraftKings Dynasty Rewards
DraftKings Dynasty Rewards works a bit differently than the first two we mentioned. Since DraftKings doesn’t have resorts or physical casinos, you can only earn points online. However, they do have partnership with Golden Nugget Online, allowing you to accumulate DraftKings Crowns and Tier Credits there as well.
Tier Credits and Crowns are earned at a 1:1 ratio. For every $10 you wager at the DraftKings Casino, you get 1 Tier Credit and 1 Crown. Tier Credits and Crowns for the sportsbook are earned based on odds. Here is a breakdown of the rate at which Crowns are earned for sports betting:
| Odds Range | Tier Credits Earned |
|---|---|
| -300 or greater | 1 Credit per $18 wagered |
| -125 to +200 | 2X Credits |
| +200 to +500 | 4X Credits |
| +500 or greater | 8X Credits |
When you’re ready to redeem, you can trade 550 Crowns for $1 DK Dollar, which has a value of $1 in bonus funds. This is in addition to the $150 welcome bonus available to new customers using the DraftKings promo code.
VIP Tier customers get access to exclusive VIP events, their own personal VIP host, custom offers, and more. Here’s a breakdown of the tiers in the DraftKings Dynasty program:
- Bronze – 0-4,999 Tier Credits
- Silver 5,000-24,999 Tier Credits
- Gold 25,000-89,999 Tier Credits
- Diamond 90,000-174,999 Tier Credits
- Onyx – 175,000+ (invitation only)
Of course, each tier comes with its own benefits, with Onyx having the most to offer. Onyx level customers get a 25% profit boost on 3 bets per month, the ability to earn unlimited Elite Rewards Credits, a 25% discount at the DK Shop, and much more.
-
BetRivers iRush Rewards
BetRivers iRush Rewards also uses tier credits which it calls Loyalty Level Points (LLPs), as well as Bonus Store Points (BSPs). As their name suggests, Bonus Store Points can be used to redeem prizes in the BetRivers Bonus Store.
LLPs and BSPs are earned jointly at an equal ratio, 1:1. Here’s a chart on how these points are earned:
| Type of Bet | Bet Amount to Earn 1 Point |
|---|---|
| Straight Bet | $6.00 |
| 2-Leg Parlay | $3.00 |
| 3-Leg Parlay | $2.00 |
| 4-Leg Parlay | $1.50 |
| 5-Leg Parlay | $1.25 |
In the BetRivers Store, points can be redeemed for bonus funds, boosts, tournament entries, and free spins.
There are 10 tiers plus an extra Elite Level which is by invite only. Each level comes with more account benefits like special offers, merchandise, VIP event invitations, a dedicated VIP manager, and a thank you dinner.
For example, Level 7 users (5,200 points) get exclusive BetRivers merch, an exclusive VIP promotional Calendar, and VIP birthday gifts.
There's also a BetRivers promo code, which grants new users up to $500 back on their second bet.
-
Fanatics FanCash
Fanatics Sportsbook offers a unique system of percentage-based earnings. Instead of making a certain amount of points on each dollar wagered, the FanCash you earn comes at a percentage of the bet you make. The amount of the percentage you earn is based on what type of bet you’re making and at what odds.
Here’s a table demonstrating the FanCash earned on various bet types and sizes:
| Betting Odds | FanCash Earned |
|---|---|
| -110 or shorter | 0.01% – 1% |
| -105 to +600 | 1% – 3% |
| +610 to +2100 | 3% – 6% |
| +2200 to +4600 | 6% – 9% |
| +4750 to +6000 or longer | 9% – 10% |
When you’re ready to redeem your FanCash, you can trade it in for bonus wagers or use it for purchases on the Fanatics online store that sells sports merchandise and memorabilia like jerseys, hoodies, and caps.
-
Hard Rock Bet Loyalty
Hard Rock Bet Loyalty uses Tier Credits and Rewards Points, which are earned at the same rate. Here are the rates at which credits are earned for sports bets:
- -150 odds or shorter: 1 Credit for every $100 wagered
- +100 odds: 1.5 Credits for every $100 wagered
- +200 odds: 3 Credits for every $100 wagered
- +300 odds: 4.5 Credits for every $100 wagered
- +400 odds: 6 Credits for every $100 wagered
There are six loyalty tiers. Here’s how the credits add for each tier:
| Tier Level | Tier Credits Required (30 days) | Wagering ($) To Reach |
|---|---|---|
| Member | 0 | $0 |
| Bronze | 10 | $167 – $1,000 |
| Silver | 150 | $2,500 – $15,000 |
| Gold | 1,000 | $16,667 – $100,000 |
| Platinum | 4,000 | $66,667 – $400,000 |
| Diamond | Invite Only | N/A |
Higher tiers mean more perks like discounts at Hard Rock Hotels, Hard Rock Cafe, Hard Rock shops, boosts, bonus bets, and on-demand customer service. For example, the Rock Royalty level gets 30% off rooms at any Hard Rock Hotel.
Users can redeem Hard Rock Loyalty Rewards Points in the Rewards Store. They can choose from one of the preset prize options, which ranges from $5 to $250 in bonus wagers, $50 to $1,000 in real cash, or $5 to $500 for casino bonus funds. Additionally, users can trade Points for Mystery Wheel Spins with prizes up to $5,000 cash, and even an electric vehicle.
⚠️ Note: Tier status is measured every 30 days, unlike most sportsbooks' annual evaluation periods.
How to Get the Most Out of Sportsbook Rewards Programs
If you play your cards right, you can get some nice perks out of sportsbooks through their betting rewards program. Here are some pointers to keep in mind.
-
Getting Started with Online Sportsbook Rewards Programs
Many sportsbook rewards programs sign you up automatically when you register for a new account. For those that don’t, here’s a quick guide to signing up:
- Create an account with the sportsbook you want to use
- If you already have a Rewards account with the company for other things, such as resort stays, link your accounts by going to your Account Settings > My Rewards > Link Account (note the exact steps vary by sportsbook, but most work like this)
- Keep the tier credit window in mind for the program you’re using. Most tier credits are valid for one year, but some are only valid for one month.
-
Maximizing Benefits from Online Sportsbook Rewards Programs
In order to get the most out sports betting rewards, find out which sportsbook has the best rewards program. Then, look at how the earning of rewards works there. Many programs will offer different earning systems for their standard loyalty and VIP loyalty programs, and different rates for different kinds of bets on top of that.
Example: Parlay bet rewards and straight bet rewards might offer different amounts of points. It’s also a good idea to compare tier benefits across other sportsbooks. That way, you have a good idea of roughly what you should expect to gain after earning a certain number of points.
Next, make note of reward credit expirations. Unused rewards credits normally expire after a certain period, normally around six months. Be sure to use your rewards points while they’re still valid.
Lastly, try to calculate how much you might spend through the platform over the course of a year. That way you can find out how much total value you’ll get annually from the program. With this view, you’ll be able to see how the benefits stack top over time.
Best Sportsbook Rewards Programs Practices & Tips
Here are a few quick tips to remember that will ensure you’re getting the most possible out of your online sportsbook rewards programs:
- Take advantage of any promos offering extra points (e.g. double points for 24 hours)
- Take note of the difference in benefits for the sportsbook’s VIP program. The different tiers of the VIP program could vary greatly
- Compare tier status benefits among sportsbooks to determine where the amount you plan to bet yields the most perks
- Look out for where the types of wagers you like to make yield the most points (e.g. five-leg parlays get the most points at ‘X’ sportsbook)
- Do research about what people consider to be the best sportsbook rewards program. Reddit is a good place to start
Best Sportsbook Rewards Programs – Conclusion
The best US sportsbooks all offer rewards programs, as its a great way to get a little back for being a loyal customer on a sportsbook app. The amount you get back is modest compared to what you’re wagering, but if you consider the fact that you also earn points for winning wagers, rewards programs start to look a lot more enticing.
For example, on Caesars Sportsbook, you’ll earn 10 credits per $100 wagered on straight bets and 20 credits on parlays. In the rewards store, 100 credits can be exchanged for $1 in bonus cash. If you wager $5,000 annually through the sportsbook on qualifying bets, you’ll get $100-$200 back in bonus bets.
As long as you use the points before they expire, it’s a nice benefit worth paying attention to. However, be sure to choose the program that’s right for you. Check out the guide above for tips on how to choose the best sportsbook rewards programs.
⚠️ Remember: Always gamble responsibly. For help, call 1-800-GAMBLER.
To get started with Sportsbook rewards programs, sign up, log in, deposit, and start betting. Then, you’ll accumulate points that you can use for reward tier benefits and bonus store prizes.