DraftKings, BetMGM Compete with Large Bonus Bets for MLB Fans

Sports betting platforms are rolling out significant promotional offers to attract new customers, particularly targeting enthusiasts of Major League Baseball. DraftKings is currently offering new users $150 in bonus bets following their initial $5 wager. This promotion is highlighted in conjunction with Tuesday's MLB matchups, including the Cubs-White Sox and Red Sox-Diamondbacks games.

This move by DraftKings follows similar aggressive marketing strategies seen across the industry. BetMGM, for instance, is providing new customers with up to $1,500 in bonus bets, applicable to MLB action when using the promo code CBSSPORTS. These offers aim to reduce the initial financial risk for new bettors, encouraging them to engage with the platform by recouping their first wager in bonus funds if it is unsuccessful. The competitive landscape of sports betting is driving these substantial incentives as operators vie for market share.