DraftKings holds a clear lead for its earning potential and bonus bets per friend. BetMGM is the usual answer when comparing refer-a-friend bonuses directly.
When it comes to the best refer-a-friend sportsbook bonus, DraftKings and BetMGM generally tie for the highest individual payout, but DraftKings takes the crown overall due to its flexibility and lack of strict yearly caps.[](https://refperks.com/blog/best-sportsbook-referral-bonuses-2026)
A breakdown of how the top major sportsbooks compare for referral rewards includes:
DraftKings Sportsbook
Bonus Amount: Up to $100 in bonus bets (tiered based on your friend's deposit, e.g., $25+ deposit unlocks the full amount).
The Catch: Typically capped at a specific number of total or rolling referrals (usually around 5 active at a time), but offers some of the easiest rollover/deposit requirements for your friend.
The Catch: Your friend must sign up and meet a specific minimum deposit/play-through requirement, and there is a generous yearly cap (often up to 20 friends per year).
Based on the latest available October 2026 offers, BetMGM looks like the best overall sportsbook for refer-a-friend bonuses, especially if you plan to invite multiple friends. DraftKings is a strong alternative, while FanDuel may be worth considering if you want a lower hurdle for your friend to qualify.
Top sportsbook referral bonuses
1. BetMGM
(Best overall)
$100 per referral
Both you and your friend can receive a bonus after your friend meets the offer's requirements. Up to 20 referrals per month, potentially $2,000 in monthly referral rewards.
Important: your friend must complete the qualifying wagering requirements, generally within 30 days.
Potentially $500 across five referrals. A recent offer requires your friend to deposit at least $25, and the reward may be split between sportsbook and casino credits.
Your friend generally must be new to DraftKings products, not just new to the sportsbook.
Recent listings show offers such as two profit-boost tokens for both participants, with up to five referrals per month. The exact reward can vary by account and promotion.
My recommendation: Start by checking BetMGM's offer in your account. Bonus amounts, eligibility, and qualifying wagers can change, and bonus bets or credits generally aren't equivalent to withdrawable cash.
One important question: Are you in Arizona, and are you looking to refer one friend or several? I can narrow this down to the best offer available for your situation. Sports betting is for adults 21+ in Arizona; wager responsibly.
