The 5 Best 2023 Kentucky Derby Sign-Up Bonus Offers & Promo Codes

Saturday, May 6 marks the 149th running of the Kentucky Derby. Forte is the morning line favorite at 3-1, but Tapit Trice and Angel of Empire should be strong contenders as they aim for another marquee win.

We've compiled five different sign-up bonuses (with promo codes, if applicable) for the 2023 Kentucky Derby. Horse racing betting is legal in many states, but the mechanics are a little different, depending on the state.

Most users can take advantage of the best-in-market TwinSpires bonus offer, which unlocks up to $400 in bonus bets (with $100 of those bonuses unlocked for every $400 you wager). TwinSpires is available in 39 states; we'll detail all of them below.

5 Best Kentucky Derby Betting Offers

Fans can tune into the 2023 Kentucky Derby on Saturday, May 6 at 6:57 p.m. ET on NBC. Check out the following offers to learn about betting on the Derby.

1. TwinSpires

• Promo Code: ACTIONRACING
• Offer:Get up to a $400 for the Kentucky Derby

The TwinSpires promo code ACTIONRACING gives new customers a $400 sign-up bonus. TwinSpires gives bettors $100 in bonus bets for every $400 in cash wagered. Bettors must wager $1,600 to earn the full $400 sign-up offer.

TwinSpires is available in all states except Alaska, Georgia, Hawaii, Maine, Mississippi, Nevada, NJ, North Carolina, South Carolina, Texas, Utah, and Washington D.C.

Why TwinSpires: TwinSpires is one of the fastest-growing horse racing betting sites. They have a friendly user interface while offering strong customer service, and are in dozens of states.

2. FanDuel Racing

• Promo code: Use this link
• Offer:Get a $20 No Sweat First Bet for The Kentucky Derby

FanDuel Racing gives bettors a $20 no-sweat first bet for the Kentucky Derby. Bettors can bet on a single horse to win the Kentucky Derby. If it doesn't win, FanDuel refunds your account in bonus bets up to $20. There is a $20 threshold, so bettors can't lose a $100 bet and expect to earn that amount back in bonus bets. The racing bonus is available until June 12.

FanDuel Racing is available in many states, including through the FanDuel Sportsbook app in states where sports betting is legal. In other states, it's available in a separate app.

Why FanDuel Racing: FanDuel has long been one of the top sportsbooks and DFS sites. Lately, they've expanded their product into horse racing. If you aren't in a legal FanDuel Sportsbook state, you must download the FanDuel Racing app.

3. TVG

• Promo Code: N/A
• Offer: Get Your First Single-Horse Win Wager up to $200 Back If You Lose

The TVG promo code serves the same purpose as FanDuel Racing. TVG will provide a bonus bet of up to $200 if your first bet loses. You can claim it right on TVG's website.

FanDuel bought TVG in August of 2022 and has launched its own racing product, but the TVG betting app continues to operate in many states, including New Jersey.

New customers don't need to enter a promo code. Simply head over to the TVG horse betting site and signup for an account. Bettors must use the bonus bets within seven days.

Why TVG: TVG is available in 30 states with a streaming and betting platform. The opportunity to watch a horse race while betting isn't something you'll find at many betting sites.

4. AmWager

• Promo Code: N/A
• Offer: 100% First Deposit Match up to $150

AmWager is different from other Kentucky Derby betting sites. The AmWager promo code features a 100% deposit match up to $150. Bettors will receive $150 in bonus bets if they deposit $150 at signup. If they only deposit $25, AmWager gives them $25 in bonus bets.

It's essential to use the bonus bets quickly because they expire within five days. The Kentucky Derby is an excellent time for bonus bets because they work best with props in the +300 to +700 range. Check out our sign-up promo and bonuses guide for more information.

Why AmWager: AmWager is only a few years removed from a complete revamp, meaning it's one of the more advanced horse racing betting sites. A great signup offer and competitive odds make it a top choice for the Kentucky Derby.

5. DK Horse

• Promo Code: N/A
• Offer: 100% First Deposit Match up to $250

The DK Horse promo code is similar to AmWager, except it has a higher maximum. New users must deposit a minimum of $25 at signup to secure the promo code. DK Horse will refund you a bonus matching your deposit if it stays below $250. There is a 2x playthrough requirement for the promo code. For example, you'll receive a $25 bonus for every $50 wagered at DK Horse. All wagers must settle within seven days of signup.

DK Horse isn't available in all state same states that DraftKings Sportsbook operates. Here are the live states:

• Colorado
• Florida
• Indiana
• Kentucky
• Louisiana
• Maryland
• Massachusetts
• Minnesota
• Montana
• Oregon
• Pennsylvania
• Virginia
• Washington
• West Virginia
• Wyoming

Why DK Horse: DraftKings is one of the most popular sportsbooks in the U.S. DK Horse serves as an extension of the sportsbook, so there's very little difference between the products. Bettors can trust they'll have a favorable experience for Kentucky Derby betting.