Masters Tournament Betting Promos: $2,250 in Bonus Bets up for Grabs

By: Devin Erickson-Sheehy Published 04/09/2026, 02:47 PM ET

The Masters Tournament is one of the biggest betting events of the spring, and top sportsbooks are rolling out aggressive offers to match the action at Augusta. Whether you’re backing favorites like Scottie Scheffler or hunting value deeper on the board, new-user promos can significantly boost your bankroll heading into the weekend.

Min. Deposit $5

Cashable No

Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.

Min. Deposit $5

Wagering 1x Deposit

Cashable No

Gambling Problem? Call 1-800-GAMBLER or visit RG Help . Call 1-888-789-7777 or visit Helpline and Chat – CONNECTICUT COUNCIL (CT). "Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support. 21+ and present in MA. Connect with a PlayWell Advisor at PlayWell.org. Visit Home (MD). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY) 21+ (18+ D.C., KY, WY) and present in select states (for KS, in affiliation with Kansas Star Casino). First online real money wager only. $5 first deposit required. Bonus issued as nonwithdrawable bonus bets which expire 7 days after receipt. Restrictions apply. See terms at FanDuel Sportsbook

Min. Deposit $5

Odds Requirements -500

Cashable No

GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/KY/NH/PR/WY). Void in NH/OR/ONT/PR. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings Sportsbook customer. Must register new account to receive reward Token. Must select Token BEFORE placing min. $5 bet to receive $300 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bet must settle by and Token expires 5/3/26 at 11:59 PM ET. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: Promos | DraftKings Sportsbook . Ends 4/26/26 at 11:59 PM ET.

Cashable No

New customers in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VA, VT, WV, or WY. Must toggle on this promotion in your bet slip and wager $5+ cash on any market (min. odds -500) within 7 days of account opening to receive $200 in FanCash. Promotional FanCash expires 7 days from issuance (at 11:59pm ET). Terms, including FanCash terms apply-see Fanatics Sportsbook app.

Right now, bettors can access up to $2,250 in bonus bets across several top operators, making it one of the most valuable golf betting slates of the year.

BetMGM Bonus Code PARLAYS: $1,500 First Bet Offer for the Masters

The BetMGM bonus code PARLAYS is the largest headline offer available for the Masters.

New users can:

Use bonus code PARLAYS
Place a first wager
Receive up to $1,500 back in bonus bets if that first bet does not win

This structure is ideal for outright winner markets, where long odds and volatility create high-upside opportunities. You can take a swing on a golfer at 20-1 or longer while still having protection in the form of bonus bets if it misses.

For Masters betting specifically, this offer gives you flexibility to target outrights, first-round leaders, or even tournament matchups without limiting your upside.

FanDuel is taking a different approach with a simple, high-conversion offer.

Here’s how the FanDuel promo code works:

Bet $5 on any Masters market
If your bet wins, receive $250 in bonus bets

This is one of the best low-risk entry points for casual bettors. You can target a safer play like a top-20 finish or head-to-head matchup and still unlock a large bonus return.

Because of the small initial stake, this promo is perfect for users looking to get involved in Masters betting without committing a large bankroll upfront.

The DraftKings promo code is offering one of the most aggressive win-based promos for the Masters.

New users can:

Bet $5 on the Masters
Get $300 in bonus bets if your bet wins

This offer pairs well with confident plays on favorites or strong matchup angles. With Augusta historically rewarding elite ball strikers, many bettors will look toward top-ranked players to trigger the bonus.

The $300 return gives you multiple chances to reinvest across weekend rounds, live betting markets, or additional tournament props.

The Fanatics sportsbook promo code rounds out the Masters promo landscape with another accessible entry offer.

New users can:

Bet $5 on any Masters wager
Receive $200 in bonus bets

This offer strikes a balance between ease of entry and meaningful bonus value. It’s especially useful for bettors who want to spread their bonus across multiple bets, including round-by-round markets or player props.

How to Maximize Masters Betting Promos

With multiple offers available, the smartest approach is to stack value across sportsbooks:

Use BetMGM for a larger outright or high-odds play
Use FanDuel or DraftKings for a safer bet to trigger bonus bets
Use Fanatics to build additional exposure across props and matchups

The Masters Tournament consistently delivers dramatic swings and leaderboard volatility, making it one of the best events to leverage bonus bets effectively.

Between these four offers alone, bettors can unlock up to $2,250 in bonus bets, giving you plenty of ammunition to attack Augusta from every angle.