How to Bet the NFL Draft: Best Sportsbook Promos, Signup Bonuses

Bet the NFL Draft
In this guide for how to bet the NFL Draft, you'll find the best sportsbook promos and signup bonuses from five legal online sportsbooks. Craig Dudek, XLMedia

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The NFL Draft begins on Thursday night and if you want to learn how to bet the NFL Draft, you've come to the right place. Betting on the draft is available in most states where legal online sports betting is legal, which means you can lock-in $150 in bonus bets when you sign up with DraftKings Sportsbook and wager $5 on any market.

$150 BONUS BETS

DRAFTKINGS SPORTSBOOK

$150 BONUS BETS

FANDUEL SPORTSBOOK

$1,250 BET ON CAESARS

CAESARS SPORTSBOOK

$1,000 FIRST-BET OFFER

BETMGM

BET $1, GET $200

BET365

Below you will find our guide for how to bet the NFL Draft. This includes sportsbook promos and signup bonuses. Some of these promos offer a second chance in bonus bets, while other guarantee a return in bonus bets no matter what.

How to Bet the NFL Draft: Best Sportsbook Promos, Signup Bonuses

As things stand, the oddsmakers at each of the sportsbooks below have Bryce Young listed as the heavy favorite to be taken first overall. The Carolina Panthers previously made a blockbuster trade with the Chicago Bears to acquire the first overall pick. Taking Young makes all the sense in the world, as the team is in desperate need for a franchise signal caller.

You can bet on a number of NFL Draft related markets. This includes which player will be taken first overall, which player a team will select first, which position a team will select, the first player drafted by position, how many players will be drafted from a specific college football conference and more. Let's take a look at the best sportsbook promos and bonuses now available.

DraftKings Sportsbook Offers Bet $5, Get $150 Bonus Bets for NFL Draft

DraftKings Sportsbook BET $5, GET $150! BONUS BETS
STATES: AZ, CO, IA, IL, IN, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV. 21 and present in participating states. Gambling problem? Call 1-800-Gambler. 21 . Physically present in MA. Eligibility restrictions apply. Valid 1 per new customer. First-time depositors only who have not already redeemed $200 in bonus bets via OH or MA prelaunch offer. Min. $5 deposit. Min $5 bet. $200 issued as bonus bets that expire 7 days (168 hours) after being awarded. See terms at http://draftkings.com/ma.

The first offer on our list of the best NFL Draft sportsbook promos comes from DraftKings Sportsbook. Bettors who wager $5+ on any betting market will secure $150 in guaranteed bonus bets. The bonus bets will convey no matter how your first bet settles. That means if you wager $5+ on Bryce Young to be the first pick, but the Panthers shock the world, you'll still get a 30x return.

Bet $5, get $150 in bonus bets win or lose when you sign up with DraftKings Sportsbook and bet on the NFL Draft.

Bet $5, Get $150 Guaranteed Bonus Bets With FanDuel Sportsbook

FanDuel Sportsbook BET $5, GET $150! BONUS BETS
STATES: AZ, CO, IA, IL, IN, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA. 21 and present in participating states. Gambling problem? Call 1-800-Gambler.

FanDuel Sportsbook has a guaranteed bonus offer of their own. New players who sign up for an account ahead of the NFL Draft will have the chance to bet $5 on any market and walk away with $150 in bonus bets. If you believe 3+ players will be drafted in the first round out of the Big Ten, you'll earn $150 regardless of whether or not that plays out.

Secure $150 in guaranteed bonus bets when you sign up with FanDuel Sportsbook and wager $5+ on any market.

Caesars Sportsbook's Full Caesar Offer Brings $1,250 First Bet

Caesars Sportsbook $1,250 FIRST BET 1,000 REWARD CREDITS & 1,000 TIER CREDITS
STATES: AZ, CO, IA, IL, IN, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA. Participating states only. 21 . Know When To Stop Before You Start.® Gambling problem? Call 1-800-GAMBLER.

Caesars Sportsbook has an enormous offer available to all new users. This comes in the form of a $1,250 first bet on the sportsbook. If you first cash wager settles as a win, you'll get back your wager along with a cash profit. However, if your bet loses, you'll receive up to $1,250 back in bonus bets to use on other games. Caesars also has a list of NFL Draft boosts, including the Bears to take a defensive back first at +800 odds and Darnell Washington to be the first tight end selected at +1400 odds.

Register with Caesars Sportsbook promo code NEWSWEEKFULL for a $1,250 first bet on Caesars.

$1,000 First-Bet Offer From BetMGM

BetMGM $1,000 FIRST BET OFFER
STATES: AZ, CO, IA, IL, IN, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA. 21 and present in participating states. Gambling problem? Call 1-800-Gambler.

BetMGM is offering prospective players a $1,000 first bet to use on any betting market available for the NFL Draft. If you were to wager $500 on Jaxon Smith-Njigba to be the first wide receiver drafted, you would secure a cash profit of just over $142 and BetMGM would return your initial bet with a win. However, if your bet loses, you'd get back five $100 bonus bets ($500 total) to use on other markets.

Lock-in a $1,000 first-bet offer when you sign up with BetMGM.

Bet $1, Get $200 for NFL Draft From Bet365

bet365 BET $1, GET $200 ANY GAME
21 and present in Colorado, New Jersey, Ohio or Virginia. Gambling problem? Call 1-800-Gambler. Deposit required. Bet Credits wager excluded from returns. T&Cs, time limits and exclusions apply.

The final offer on this list of NFL Draft sports betting bonuses comes from bet365. Players in Ohio, New Jersey, Colorado and Virginia can turn a $1 wager on any draft market into a $200 return in guaranteed bonus bets. This presents the ultimate opportunity to wager on a market with long odds. If your $1 wager on the New York Giants to select Quentin Johnston at +1100 odds, you'd earn an $11 profit in addition to the $200 in bonus bets.

Sign up with bet365 to bet $1, get $200 in guaranteed bonus bets when you wager on the NFL Draft.

Newsweek may earn an affiliate commission if you sign up through the links in this article. See the sportsbook operator's terms and conditions for important details. Sports betting operators have no influence over newsroom coverage. If you or a loved one has a gambling problem call the National Council on Problem Gambling 24/7 at 1-800-GAMBLER. Must be 21 or older to gamble.

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