The 4 Best Olympics Betting Promos: Bonuses, Free Bets, No-Brainers

the best olympics betting promos

After a one-year delay, the Olympics are finally underway, and for the first time, the top legal online sportsbooks are offering betting action on several events.

With a variety of huge bonuses, free bet offers, and no-brainer specials, let’s take a look at the four best Olympics betting promos.

FanDuel Sportsbook

States: PA, NJ, IA, IL, CO, IN, TN, VA, WV, MI, AZ

BET $5, WIN $150

The 4 Best Olympics Betting Promos

The Olympics come at an opportune time for both sports fans and legal online sportsbooks. With football season still a month away and the NBA postseason now over, Major League Baseball is the only major league currently offering consistent betting odds.

Enter the Olympics, which for the first time, can be legally bet on. With what is expected to be a heavily-watched Tokyo games across several channels and streaming services, Olympics betting interest figures to be substantial.

With that in mind, there’s hundreds of dollars of value in free bets and bonuses available, so let’s jump into the best Olympics betting promos.

DraftKings Sportsbook Bet $1, Win $100 if USA Medals

DraftKings Sportsbook

States: AZ, PA, NJ, IN, IL, IA, CO, MI, TN, VA, WV

BET $1, WIN $100

If you’re looking for a low-risk, high-reward promo, DraftKings Sportsbook has you covered. With this special, bettors can register, place a $5 first deposit, and make a $1 bet on any Olympic event. By doing so, DraftKings will pay out a guaranteed $100 bonus if and when the United States medals in any event.

Given the United States is the overwhelming favorite to win the medal count and will be substantially favored in a number of events across the board, it is a virtual certainty that this promo cashes.

Click here to get DraftKings Sportsbook and grab no-brainer 100-1 odds on the United States to medal.

FanDuel Sportsbook Bet $10, Win $100 or Bet $20, Win $200

The latest FanDuel Sportsbook promo brings new bettors some optionality.

Following registration, players can deposit and bet $10 on any Summer Games event to score a $100 guaranteed bonus. Those who deposit $20 and bet it on any event will grab a $200 bonus.

While it’s understandable if new players want to limit the initial deposit, the opportunity to grab an additional $100 bonus that can be used on other events or MLB action presents great value.

Click here to get FanDuel Sportsbook and grab this guaranteed bonus payout.

PointsBet Bet $25, Win $125

PointsBet Sportsbook

States: NJ, IL, IN, IA, MI, CO

BET $10, WIN $125

Similar to the structure of the DraftKings no-brainer promo, PointsBet is offering bettors in states like New Jersey, Colorado, Illinois, Indiana, and Michigan the chance to deposit and place a $25 wager on any Olympics event. By doing so, bettors will grab a $125 bonus if and when the USA wins a gold medal.

As noted above, the United States is the overall medal count favorite. Unsurprisingly, it is also the overwhelming favorite to win the most gold medals.

Click here to get this Olympics special with PointsBet.

FOX Bet’s $500 Risk-Free First Bet

fox bet


If you’re looking for a little bit more upside in your promo, then be sure to check out FOX Bet. New bettors can hop into the mix by betting up to $500 risk-free.

Click here to get a $500 risk-free first bet with FOX Bet PA. Get the deal in NJ by clicking here . Use the links above to get in CO and MI.

Is Betting on the Olympics Legal?

Yes, betting on the Olympics is now legal.

After sports betting went legal in the U.S. back in 2018, it immediately became an eligible sports betting event. That said, the Tokyo Olympics mark the first summer games to occur since state markets went live.

What Olympics Sports Can Be Bet On?

There are a variety sports to wager on. The top options include:

  • badminton
  • baseball
  • beach volleyball
  • canoeing
  • cycling
  • equestrian
  • field hockey
  • gymnastics
  • soccer
  • golf
  • swimming
  • basketball

Additional markets include individual overall medals totals, gold metals totals by country, and overall country count winner.


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