The 6 Best 2023 Preakness Stakes Sign-Up Bonus Offers & Promo Codes

We've compiled six different sign-up bonuses (with promo codes, if applicable) for the Preakness Stakes. Depending on the state, horse racing betting is legal, but in varying capacities. More than 40 states have some kind of online horse racing betting.

The 148th Preakness Stakes will begin on Saturday, May 20 2023. Mage (8-5) leads as the morning-line favorite looking to conquer his second Triple Crown jewel of 2023. The 2023 Kentucky Derby Champion is challenged by No. 8 First Mission (5-2) and No. 1 National Treasure (4-1).

We think the TwinSpires bonus offer is the best-in-market. This will access up to $400 in bonus bets (with $100 of those bonuses unlocked for every $400 you wager). TwinSpires is available in 39 states.

Let's break down each of Saturday's best offers to pounce on below.

6 Best Preakness Stakes Betting Offers

Viewers can watch the 2023 Preakness Stakes on Saturday, May 20 at 6:50 p.m. ET on NBC. Here's our comprehensive list of the best offers available for the Stakes.

1. TwinSpires

• Promo Code: ACTIONRACING
• Offer:Get up to a $400 for the Preakness Stakes

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 Preakness Stakes

FanDuel Racing gives bettors a $20 no-sweat first bet for the Preakness Stakes. Bettors can bet on a single horse to win the Preakness Stakes. 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. DRF Bets

• Promo code: Use this link
• Offer: $10 Bonus Bet Plus a $250 Deposit Match for The Preakness Stakes

DRF Bets is giving bettors a $10 bonus bet plus a $250 deposit match. So if you put in $100 as your first deposit, you'll get $100 in bonus bets. But there's a small rollover, so you must wager $200 total in this case before you can withdraw.

DRF Bets is available to at least some, most or all areas in a majority of states. The states where DRF Bets are not live to any capacity are as follows:

• Alaska
• Washington D.C.
• Georgia
• Hawaii
• Maine
• Mississippi
• Missouri
• Nevada
• New Jersey
• North Carolina
• Puerto Rico
• South Carolina
• Texas
• U.S. Virgin Islands
• Utah

Why DRF Bets: DRF Bets is an online extension of DRF.com, which veteran handicappers tab as the most trusted resource in horse betting. Since it's associated with DRF.com, DRF Bets accesses detailed past performances and racing programs with no charge, which is advantageous for serious handicappers.

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4. TVG

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

The TVG promo code is the same 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 has a streaming and betting platform and is live in 30 states. The opportunity to watch a horse race while betting isn't something you'll find at many betting sites.

5. AmWager

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

AmWager is different from other Preakness Stakes 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 Preakness Stakes 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 one of the more advanced horse racing betting sites. It has an attractive signup offer and competitive odds, which makes it a top choice for the Preakness Stakes.

6. 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.

It's important to know that DK Horse isn't available in all state same states as DraftKings Sportsbook. 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 Preakness Stakes betting.