Written by:
Damjan Jugovic Spajic
Fact checked by:
Alex Windsor
Updated:
April 22, 2024

Minimum Deposit Betting Bonuses

Best Betting Bonuses With a Minimum Deposit

Imagine starting with as little as $5 or $10 on a betting site and claiming a big deposit bonus that enables you to test the platform and potentially turn a bunch of bonus bets into withdrawable winnings. Ideal, right?

After going through this page, such a scenario won’t be just a fantasy; it will be a reality. We’ll lead you to some of the best sports betting sites in the US that require low deposits yet offer lucrative bonuses to their first-time customers.

DraftKings Sportsbook

4.8/5
  • Minimum deposit $5
  • Sleek and easy-to-use user interface
  • Plethora of betting options
  • Range of regular promotions
  • Limited withdrawal options
  • Needs a better rewards system
Bet $5, Get $150 In Bonus Bets
Play Now

FanDuel Sportsbook

4.7/5
  • Minimum deposit $10
  • Vast coverage of sporting markets
  • Supports ewallets & traditional payment methods
  • Promotions are kept exciting
  • App layout is a bit cramped
  • No NFL live streaming
Bet $5, Get $200 In Bonus Bets
Play Now

BetMGM Sportsbook

4.6/5
  • Minimum deposit $10
  • Plenty of payment methods available
  • Well-designed Android & iOS app
  • In-Game wagering
  • Football live streaming is not available
  • Customer service contact has to go through FAQs
Up To $1,500 in Bonus Bets
Play Now

bet365 Sportsbook

4.5/5
  • Minimum deposit $10
  • Huge welcome free bet
  • Big sport market coverage
  • Easy and fast banking options
  • Few promos for existing players
Bet $1 receive $365
Play Now

betway Sportsbook

4.5/5
  • Minimum deposit $10
  • Huge market coverage
  • Minimal requirements to cash out welcome offer
  • Features all major betting options
  • Few promos for existing players
  • Not easy to navigate
Bonus Bet up to $250
Play Now

Caesars Sportsbook

4.4/5
  • Minimum deposit $10
  • Reliable and user-friendly app
  • Most lucrative first bet promotion in the market
  • Huge market depth and coverage
  • Best rewards program in the industry
  • Experience can vary per state
  • Frequently changing its features
$1,000 First Bet on Caesars
Play Now

Fanatics Sportsbook

4.4/5
  • Minimum deposit $5
  • Generous Welcome Bonus
  • Variety of Special Features
  • Big Sports Market Coverage
  • Limited banking options
  • No Desktop Betting
  • Few Special Offers & Promotions
10 daily 100% Bonus Bets up to $100
Play Now

What Is Minimum Deposit Betting?

Minimum deposit sports betting means you can use a sports betting site or app after laying down the lowest possible deposit. Ideally, the minimum deposit should be enough to trigger the sportsbook’s welcome bonus.

For example, a sports betting platform offers a promotion where you deposit and bet $5 and get $200 in bonus bets. This is an ideal minimum deposit betting scenario, as you’ll risk just $5 of your own money and receive $200 worth of bonus bets that you can turn into withdrawable winnings down the line.

The sportsbooks decide on the deposit limits, but most set the lower limit at $5 or $10. However, the minimum deposit limit may also differ between payment methods. For instance, a sportsbook may accept $5 PayPal deposits but set the limit at $10 for debit cards or $20 for bank wires.

When it comes to laying down bets, the limits may be even lower. You can place an individual bet of only $0.50 on most sportsbooks, but keep in mind that the first wager typically needs to be higher to trigger a “bet & get” promotion or any other welcome bonus.

Best Minimum Deposit Sportsbook Bonuses Compared

📖Sportsbook🎁Welcome bonus💵Minimum deposit
DraftKings20% first deposit match up to $1,000$5
BetMGMUp to $1,500 back in bonus bets$10
FanDuel$1,000 No Sweat First Bet$10
CaesarsUp to $1,000 back in bonus bets$10
betwayUp to $250 back in bonus bets$10
bet365Bet $1, get $200 in bonus bets$10
BetRiversSecond-chance bet up to $500$10
Borgata SportsbookBet $20, get $100 in bonus bets$10

Top 5 Minimum Deposit Bonuses

If you’re still unsure which sportsbook to go with, these mini-reviews about the top 5 betting sites and their bonuses might help you make up your mind. Take a look.

1.🥇DraftKings Sportsbook

Registering on DraftKings Sportsbook for the first time using our links will get you a chance to claim a 20% deposit match bonus up to $1,000 in bonus funds. The best part is that you can deposit as little as $5 but, of course, that means you won’t get as much funds. The wagering requirements state that for every $25 played on the sportsbook, players will receive $1 in bonus funds. You must meet the playthroughs within 90 days of claiming the promo but note that this offer isn’t available to MA bettors.

All you have to do is pick your favorite markets and get the ball rolling. Note that DK will only accept completely new accounts and will not allow bettors who have previously made a deposit on the site to claim this promo.

2.🥉BetMGM

Once you register on the BetMGM sportsbook platform and make a minimum deposit of $10, you can get over to the available markets and choose where and how to start your betting journey. And if that bet loses, you’ll get your original bet back as bonus funds – up to a staggering $1,500!

Rule of the thumb – you cannot withdraw any bonus bets, those are only available for further betting practices on the platform. Also, they must be redeemed within 7 days of being credited to your account.

3. FanDuel

FanDuel is now more than famous for its No Sweat First Bet deal in the sports betting world. And we couldn’t agree more. The $1,000 No Sweat First Bet is reserved for new players looking to get insured in case their first bet doesn’t win. Now, it’s up to you how far you want to go – stick with the minimum deposit of $10 or aim high and get as much money back in bonus bets.

Note that the funds received in the form of bonus bets is non-withdrawable and only available for further use on the FanDuel sportsbook. Also, the promo lasts for a week from the moment you claim it.

4. Fanatics

The freshest sportsbook in the US market, Fanatics, offers a pretty generous welcome bonus for new players. New registrees can get ten daily 100% bonus bet bonuses up to $100, giving you a hefty betting budget to kick off with.

Fanatics replaced the now-defunct PointsBet and is already getting hold of a sizeable chunk of the US betting market, party thanks to its robust and well designed betting app that comes jam-packed full of features like live betting, cash out, and broad banking option support.

Types of Minimum Deposit Betting Bonuses

DraftKings Sportsbook US Bonus

There are a variety of bonuses you can claim with minimum deposits. When it comes to welcome bonuses, three distinct types are dominant among US sports betting sites.

Bet & Get

This common welcome offer triggers once you make a minimum deposit and make your first bet. You can usually place a qualifying wager on any market with any odds, but always check the terms and conditions to make sure. The minimum deposit and wager is often $5 or $10, and once it settles, you will receive your bonus bets, which, on some sportsbooks, can be worth as much as $200.

First Bet Insurance

Also labeled as a no-sweat, second-chance, or no-risk bet, this bonus makes it so that the sportsbook covers your first losing wager. If you win the bet, you keep the winnings as normal. If you lose, you get reimbursed in the form of bonus bets or site credit. The minimum deposit could be as low as $5 or $10. However, if you bet just $5 and lose, your insurance will also be $5, so this type of offer only pays off if you’re willing to risk more.

First Deposit Match

Caesars Sportsbook US Homepage

With matched deposit bonuses, you receive a bonus equal to a percentage of your first deposit. For instance, a 50% deposit match up to $1,000 means you can deposit $200 and receive $100 in bonus money. The minimum deposit limits for such bonuses are usually $10. Just like insurance bonuses, these offers are designed so that the more you deposit, the bigger your bonus is, so you should think about whether it’s wise to go for this type of promo if you plan on making a low first deposit.

No Deposit Bonus

The only promotion less risky than a minimum deposit bonus is a no deposit bonus. As you might expect, these bonuses are given to new customers without them having to lay down any kind of payment. You will receive your no deposit bonus funds as soon as you sign up (sometimes after using a bonus code). However, no deposit betting sites are pretty rare, and even when betting venues feature these bonuses, they do so for a very limited time, offering an insignificant amount of bonus bets or site credit.

How to Claim Bonuses With Minimum Deposit?

BetMGM Sportsbook US Register

Triggering bonuses on minimum deposit betting sites is the easy part. Registering and making a minimum deposit works the same regardless of which online sports betting platform you’re on. To do it properly, follow these simple steps:

  1. Choose from the low minimum deposit betting sites listed on this page. Keep in mind that you’re free to join multiple platforms.
  2. Follow the link to your chosen betting site and hit the Register/Join/Sign Up button.
  3. The operator will ask to confirm your identity by sharing some of your personal information. Know that all licensed US betting sites require a part of your Social Security Number, but don’t worry, as all of these platforms are 100% safe and will keep your details protected on highly encrypted servers.
  4. If needed, type in the bonus promo code during registration.
  5. Once your account is set up, go to the Deposit page, pick a banking method that allows you to make the lowest deposit possible, and submit the payment details.
  6. In most cases, the deposit will go through in seconds.
  7. Do what’s necessary to trigger your bonus. With “bet & get” and first bet insurance bonuses, you must place a qualifying wager before getting the bonus funds.

Best Payment Methods for Making Minimum Deposits

PayPal Homepage

Now that you know how much you can deposit to unlock betting bonuses, you only need to decide which payment method to use. Luckily, US sportsbooks offer a wide range of options, the most convenient of which are listed below.

Credit/Debit Cards

You’ve probably used a credit or debit card before to pay for something online, so you know how simple it is. You just need to type in the card number and expiry date along with how much you want to deposit, and the payment will go through in seconds. US sportsbooks usually accept all major card issuers, including Visa, Mastercard, AmEx, and Discover.

PayPal

PayPal is the world’s most popular e-wallet, with hundreds of millions of account holders. To place a minimum sportsbook deposit with PayPal, you just need to enter your login details and connect your PayPal account with your online sportsbook account. From there, you can deposit money through your linked cards and bank account or directly through your PayPal balance. Remember that PayPal business accounts usually can’t be used to make online betting deposits.

Play+

Play+ is a convenient prepaid method accepted at many US betting sites. Once you fund your Play+ account, you can quickly and almost instantly transfer money into your online betting account.

VIP Preferred

VIP Preferred is an electronic check that lets you transfer money from your bank account to a sportsbook of your choice. The method is known for having sub-optimal deposit limits, but it’s swift and convenient for withdrawals.

Apple Pay

Apple Pay is designed to work with iPhones and other iOS devices. It is a virtual wallet that lets you safely store all your credit and debit cards and access them from a single Apple-based account.

In-Person Deposits

If a given sportsbook has a retail location in your area, you can head over there and deposit to your online account in person. While not super convenient, this method guarantees the safety of your funds and prevents any electronic mishaps.

Best Betting Offers for Low Deposits

🎁Offer💵Minimum deposit amountℹ Short bonus description
DraftKings’ match deposit bonus$5Once you deposit just $5, you will become eligible for a 20% match deposit bonus. The maximum bonus you can receive is $1,000
Fanatics’s ten day bonus bet offers offers$5Fanatics offers 10 daily 100% bonus bet offers up to $100
FanDuel’s No Sweat First Bet$10FanDuel protects your first sports bet on the platform up to $1,000
BetMGM’s second-chance bets$10If you don’t win your first bet, BetMGM will cover it with up to $1,500 in bonus bets. This is the biggest first-bet insurance offer currently on the market.
Caesars’ first bet on the house$10Similarly to BetMGM, Caesars will also insure your first wager, this time up to $1,000.

Benefits of Minimum Deposit Betting Bonuses

BetMGM Sportsbook US Promos

Pros & Cons of Low Betting Bonuses

✅Pros❌Cons
It is great for bettors with limited bankrollsMost bonuses require bigger deposits to pay off
There’s very little risk involvedNot all payment methods are compatible with such low deposits
There’s a wide variety of bonuses you can claim with low deposits
You can turn any bonus into withdrawable cash, even one that triggers off of a low deposit

Final Thoughts

You can begin your sports betting journey on virtually any online sportsbook in the US with a deposit of just $5 or $10. Moreover, such low deposit amounts are usually enough to trigger the sportsbook’s welcome offer. There are plenty of different types of offers you can unlock with a minimum deposit, but we suggest going with the “bet & get.”

Unlike first bet insurances, which require you to lose your first wager before getting a bonus, and first deposit matches, which are only helpful if you deposit more considerable sums, “bet & get” bonuses can land you a few hundred dollars worth of bets regardless of the outcome of your first wager. Of course, always read through the terms and conditions to fully understand how these offers work and whether there are any specific rules you should pay special attention to.

FAQs

  • Which betting app has the lowest minimum deposit?
    DraftKings and PointsBet are the only two prominent US sportsbooks that accept deposits of only $5. Most other sportsbooks have $10 minimum deposit limits.
  • Who is giving bonus bets?
    Multiple US sportsbooks feature bonus bets, including top-rated ones like bet365, PointsBet, FanDuel, BetMGM, and Caesars. The only difference is in how they award them. For example, Borgata and bet365 have “bet & get” offers, while BetMGM and Caesars boasts a second-chance promotion and give first-time customers bonus bets only if they lose the first wager.
  • What is the minimum deposit in bet365?
    The minimum deposit at bet365 sportsbook in the US is $10. This is also the minimum amount you must deposit to unlock the sportsbook's current welcome bonus.
  • What is the minimum deposit in Betway?

    The minimum deposit at Betway’s US sportsbook is also $10. With it, you will trigger the welcome offer that covers your first losing wager up to $250.

AUTHOR
Damjan Jugovic Spajic

A soccer and eSports fan who always roots for the worst possible teams, Damjan is a resident writer and contributor at Minimum Deposit Betting Sites. With over 5 years of experience in the online casino and sports betting industry, he largely focuses on writing reviews and testing out bookmaker transaction processes.