Which sportsbook has the best refer-a-friend bonus?

As of September 2026, the major sportsbooks have different referral structures, and the offer can vary by state.

• BetMGM: Its current U.S. referral promotion advertises $100 for each referred friend, with the friend also receiving a $100 bonus after meeting the requirements. BetMGM says you can refer up to 5 friends per month under the general offer.BetMGM+1
• DraftKings: It has a referral program, but the exact reward is shown after you log in and can vary by account/market, so there isn't a single publicly posted nationwide dollar amount to compare.DraftKings
• Caesars: Its North Carolina referral terms have offered up to 50,000 Caesars Rewards credits, but the specific value and current eligibility depend on the promotion shown in the app.Caesars Investor Relations

If you're in North Carolina, BetMGM's publicly posted $100-per-referral offer is the clearest current cash-value referral offer I found.BetMGM+1

If you tell me whether you're looking for the biggest reward for you, the biggest reward for your friend, or the best combined deal, I can compare the current NC referral offers across DraftKings, FanDuel, BetMGM, Caesars, bet365, Fanatics, and ESPN BET.

As of September 2026, among the major U.S. sportsbooks I checked, BetMGM has the largest straightforward refer-a-friend offer:

• BetMGM: You and your friend can each get $100 after the friend signs up, deposits at least $100, and completes the qualifying wagering requirements. The current program allows up to 20 referrals/month, potentially $2,000 in referral bonuses.BetMGM+1
• bet365: Both people can get $50 in bonus bets, with up to 10 referrals/year, according to current published offer information.Sporting News
• Caesars: Both people can get $50 in bonus bets after the friend deposits and wagers at least $50.Sporting News
• DraftKings: Has a refer-a-friend program, but the reward is personalized and can vary, so there isn't one universal dollar amount to compare.DraftKings Support+1
• FanDuel: Also offers a referral bonus for both parties, but the amount can depend on the current promotion/account.Sporting News

Bottom line: If you're comparing purely on the advertised referral value, BetMGM's $100 each currently stands out.

One important catch: referral bonuses generally come with wagering/eligibility requirements, and sportsbook availability varies by state. If you're in South Carolina, online sports betting is currently not legally offered by these regulated sportsbooks, so you wouldn't be able to use a local sportsbook referral offer there.

Fanatics Sportsbook and DraftKings offer some of the best refer-a-friend bonuses , balancing high bonus values with relatively easy playthrough requirements for both you and your friend.si.com+1

Major sportsbooks feature distinct refer-a-friend structures and values:

• Fanatics Sportsbook: Offers a $100 bonus (in FanCash/bonus bets) per referral (up to 5 friends, totaling $500) where your friend only needs to deposit and wager a low threshold of $20.si.com
• DraftKings Sportsbook: Offers a 100% match of your friend's first deposit up to $150 in bonus bets . The friend must make a minimum deposit of $25 to trigger the reward.oddschecker.com
• BetMGM Sportsbook: Typically offers a $100 bonus bet for both you and your friend once they sign up through your link and meet the minimum wagering requirements (varies by state).
• FanDuel Sportsbook: Generally rewards both parties with $50 to $100 in bonus bets , though your referred friend usually needs to make a small initial deposit and place a qualifying real-money wager of at least $5 to unlock it.support.fanduel.com
• Caesars Sportsbook: Awards up to 5,000 Reward Credits per referral tied to their loyalty program rather than instant standalone bonus bets.covers.com

If you have a specific app in mind or want to know the rules for your state, let me know which sportsbook or state you are checking from!

When it comes to the "best" refer-a-friend program, it usually comes down to a balance between the bonus amount , the friend's deposit/wagering requirement , and how many total friends you can refer.si.com+1

Major sportsbooks feature competitive referral structures:

• BetMGM Sportsbook — Best for High Volume & Payout ($100 per friend)
  • The Bonus: Both you and your friend receive $100 in bonus bets.
  • The Requirements: Your friend must sign up via your link and deposit/wager at least $100.
  • The Cap: You can refer up to 20 friends per month (earning up to $2,000 monthly), which makes it the most lucrative ceiling.si.com+2
• DraftKings Sportsbook — Best for Easier Friend Requirements ($100 - $150)
  • The Bonus: You earn a bonus matching 100% of your friend's first deposit, up to $100 or $150 in bonus bets depending on the exact active promo terms.
  • The Requirements: Your friend only needs to deposit a minimum of $25 (lower barrier to entry than BetMGM).
  • The Cap: Usually limited to 5 referrals.oddschecker.com
• Fanatics Sportsbook — Best FanCash Value ($50 to $80)
  • The Bonus: Earn up to $50 to $80 in FanCash (which can be used for site merchandise or bonus bets) per referral.
  • The Requirements: Friend signs up and places a qualifying wager.
• Caesars Sportsbook — Best for Tier Credits
  • The Bonus: Both you and your friend receive five $10 bonus bets (or up to 5,000 Caesars Reward Credits) once your friend places a cumulative $50 in wagers.covers.com

Summary Verdict

• If your friends are willing to deposit and play $100, BetMGM gives you the highest flat cash-equivalent bonus and highest monthly limit.
• If you want an easier sign-up hurdle for your friend (lower minimum deposit), DraftKings is usually the most practical.si.com+2

If you have a specific sportsbook app you and your friends are already using, let me know and I can check its exact current terms or help you maximize the rollover requirements.

If you’re in Tennessee, BetMGM currently looks like the strongest straightforward refer-a-friend offer: both you and your friend can receive $100 after the friend deposits at least $100 and completes the required $100 in qualifying wagers. BetMGM says you can refer up to 20 friends per month on its current terms.BetMGM+1

A current comparison for Tennessee shows:

• BetMGM: $100 for you + $100 for friend; up to 20 referrals/month.BetMGM
• DraftKings: currently reported at $100 per referral, with the exact offer varying by account/offer window.Sports Illustrated+1
• FanDuel: currently reported at $75 in bonus bets for the referrer.Sports Illustrated

Tennessee currently licenses BetMGM, DraftKings, FanDuel, Caesars, Fanatics and other sportsbooks.Tennessee State Government

Bottom line: If your priority is maximizing the referral payout rather than the best new-user signup offer, I’d pick BetMGM right now.

If you tell me whether you're the person referring or the friend being referred, I can compare the actual value of the top 3 offers, including wagering requirements and expiration dates.

If you're in Massachusetts, BetMGM currently stands out for refer-a-friend: its current offer is $100 for you and $100 for the friend after the friend completes the qualifying requirements. BetMGM says the referrer can earn up to $2,000/month under the current program.BetMGM+1

One important catch: BetMGM's detailed terms currently exclude Massachusetts for this particular referral promotion, which conflicts with the broader promotional page saying it's available "in any state." So I would check the Refer-a-Friend offer displayed inside your BetMGM account before signing anyone up.BetMGM+1

My ranking

• BetMGM: $100 per successful referral — potentially the best, but MA eligibility needs to be verified in-account.BetMGM
• DraftKings: Has a referral program, but the specific reward varies and isn't publicly fixed; DraftKings says the current bonus and requirements change regularly.DraftKings+1
• FanDuel: I'd want to verify the current in-account referral offer before calling it competitive.

If you tell me which state you're in (if not Massachusetts) and whether you're looking for the biggest bonus for the referrer or the friend, I can compare the current offers across DraftKings, FanDuel, BetMGM, Caesars, Fanatics, and ESPN BET and find the best one.

If you mean the biggest payout for referring friends, the best sportsbook referral bonus right now is generally among BetMGM, DraftKings, and Fanatics, with the “best” depending on whether you value cash-like value, ease of completion, or number of referrals.Sports Illustrated+1

Sportsbook	Typical refer-a-friend reward	Why it stands out
BetMGM	$100 per referral	One of the highest straightforward referral payouts; both you and the friend can receive the bonus after requirements are met. BetMGM says referrals can earn $100 each, with limits on the number of referrals.BetMGM+1
DraftKings	Up to $100 per referral (offer varies)	Strong brand recognition and often easier for friends to join; exact referral terms can vary by account and jurisdiction.DraftKings Support+1
Fanatics	Up to about $100 in some promotions	Competitive referral value and a large sports-focused user base.Sporting News+1
FanDuel	Often around $50 in bonus bets	Usually a simpler offer, but the payout is commonly lower than the $100 offers.Sporting News+1

My pick:

• Best overall referral value: BetMGM — the $100-per-friend offer is among the strongest, especially if you have several friends who are eligible.BetMGM+1
• Best if your friends already use it: DraftKings — a referral is only valuable if the person will actually sign up and complete the requirements.DraftKings Support
• Best for maximizing total earnings: Compare your in-app referral limits; some books cap the number of successful referrals.BetMGM+1

Keep in mind that sportsbook promos are state-specific, change frequently, and usually require the friend to be a new customer and complete deposit/wagering requirements.DraftKings Help+1

If you tell me your state (for example Michigan, New Jersey, Ohio, etc.), I can narrow it down to the best available offer where you live.

When it comes to the best sportsbook refer-a-friend bonuses, BetMGM and DraftKings generally lead the pack for sheer bonus value, offering up to $100 or more in bonus bets per referral.si.com+1

Here is how the top major sportsbooks stack up in terms of referral rewards and requirements:

• BetMGM Sportsbook: Offers a $100 bonus for both you and your friend. Your friend must sign up via your unique link and meet a specific deposit and wagering requirement (typically a $100 deposit/play). BetMGM also allows up to 20 referrals per month, making it the highest potential earner overall.si.com+1
• DraftKings Sportsbook: Offers a referral bonus matching 100% of your friend's first deposit, up to $100 to $150 in bonus bets (contingent on your friend depositing a minimum threshold, usually $25+). DraftKings generally caps total referrals at around 5 concurrent active friends.oddschecker.com
• Fanatics Sportsbook: Rewards you with $50 to $80 in FanCash (depending on the active seasonal promo) when your friend signs up and places their initial qualifying wager. FanCash can be used as bonus bets or converted into merch on the Fanatics site.oddschecker.com
• Caesars Sportsbook: Gives both you and your friend a smaller bundle—typically $25 in bonus bets (issued as five $5 bonus bets) once your friend deposits and wagers a minimum of $25 to $50.caesars.com+1

Summary Verdict

• Highest payout per friend: BetMGM or DraftKings ($100+ value)
• Easiest referral threshold for your friend: Caesars (lower deposit/wagering requirement, though smaller reward)si.com+3

If you'd like, let me know:

• Which specific sportsbook(s) you and your friend both already have accounts with
• Your state (as referral rules can vary slightly by jurisdiction)

I can give you the exact terms and sign-up steps for that specific platform.