What VIP & Rewards Programs Are Offered by Sportsbooks?
Sportsbook VIP and Rewards Programs
VIP loyalty and rewards programs have been around for decades in the gambling industry since retail casinos started attracting new players with offers like free rooms, tickets to special events, and many other incentives to keep them coming back. However, with the level of competition in the online betting industry, many providers have introduced similar VIP rewards programs, which is one step beyond the typical welcome bonuses that are standard in today’s market. Most online sportsbooks and casinos now offer some type of rewards program, with many offering cash back in some form as part of their offerings. Others will also include a tiered system, which basically provides higher rewards based on the amount of money wagered on the platform. The cashback programs are typically incentive-based and accumulate points based on how much the bettor plays, which they can later exchange for cash or bet credits. Here are the rewards programs currently offered by the top online sportsbooks.
Caesars Rewards is a loyalty program for customers that play and shop at all Caesars properties, including at its online casino and sportsbook. Users can sign up for the program using the mobile app and link their online play with their in-person play on the same account. Points can be redeemed at any Caesars casino or on the app. Players at Caesars online will earn Tier Credits (TC) and Rewards Credits (RC), with the rewards based on their betting activity. Online wagers earn players one TC and one RC for every $5 potential profit on their bets. Points are also earned for playing casino games, reserving rooms at Caesars properties, and much more.There are six levels of Reward Credits, starting from Gold, which is the lowest, to Seven Stars at the highest level. Reaching the Diamond level gives players discounted stays at a resort or a free stay at Caesars Palace in Dubai. Getting to the Seven Stars level offers loyal players $1200 round-trip airfare to Las Vegas, travel credits, and a dining voucher worth $500.
BetMGM VIP Program & Rewards
Opening an account online at Bet MGM sportsbook automatically enrolls players into the MGM Rewards program and the MGM Resorts retail loyalty program. Players earn Tier Credits once they make their first wager. They are given for bets made in person or online at the sportsbook and casino. Like most rewards programs, the higher the tier level, the more valuable the rewards become.Players on the BetMGM mobile app earn rewards points with a similar system of tiered levels based on the number of credits earned. There are five levels, with Sapphire being the lowest and Noir the highest. Sports bettors will earn at least 20 reward points for every $100 in straight bets and at least 50 credits for each $100 in parlays. In addition, players that reach the Platinum and Noir level can earn flight credits for a free trip to Las Vegas, including a free hotel stay.
Golden Nugget Ultimate Rewards
The Golden Nugget rewards program is geared more toward casino play. Still, online sports bettors can also take advantage of the many added features available such as odds boosts for all players. In addition, there is no signup to be eligible for the program, and new players are automatically qualified to start earning points based on the value of wagers placed on sports. Making an initial wager instantly puts bettors into the Golden Rewards Club, where points can be redeemed for cash, daily bonuses, and unique birthday offers. Bettors will earn one point for every $100 they bet on sports and will move up to the VIP Rewards Club once they accumulate 5,000 points. This level gives players more lucrative rewards such as faster withdrawals, weekly cashback offers, comps at the Golden Nugget Atlantic City, and other exclusive promotions. The highest level at Golden Nugget sportsbook is the VIP Elite Club, which is offered to bettors by invitation only. Those lucky enough to be invited will receive rewards like invitations to exclusive events, bigger exclusive promotions, and luxury gifts. The best thing about the Golden Nugget VIP program is that no betting requirements are needed to maintain a VIP level.
PointsBet Rewards Program
PointBet offers online bettors a simple points-based loyalty program. Customers only need to place wagers to earn rewards points that players can redeem for extra bonuses. The more players bet, the more they earn on each wager. Each point is worth $0.01 and can be redeemed for site credits and is given once players reach different levels, at a rate equal to 1/100th of the number of points accumulated. For example, players can redeem 250 points for $2.50 in bet credits up to the highest level of $1,000 for redeeming 100,000 points. Additionally, at PointsBet, players receive 1% cashback on all parlays and Pointsbetting wagers, which can help reduce the house edge while also receiving $0.10 back for every $50 in fixed-odds wagers. PointsBet Rewards credits never expire, so players that don’t use PoinsBet often can still take their time earning points to reach the 100,000 they can redeem for $1,000 in bet credits.
DraftKings Rewards
DraftKings offers a similar points-based program in which players earn Crowns for sports wagers made on the app. There is also a tiered rewards program with five levels: Bronze, Silver, Gold, Diamond, and Onyx. On top of the free bets or site credits players can earn, there is an online marketplace called the Dynasty Store. Here, players can redeem Crowns for things such as electronics, gift cards, and more significant rewards like vacations and travel offers once users reach the highest level. Players will be impressed with the number of options available at the DraftKings Dynasty Store. Bettors at DraftKings will receive one Crown for every $2 wagered at the sportsbook, which players can redeem for DK Dollars and casino credits at a rate of about 552 Crowns per dollar. Each tier level attained also gives players a boost in the number of Crowns they will earn for each wager. Bettors that reach the Silver level get a 10% percent boost, while players at the Onyx level receive a 40% boost. Customers at the Gold and higher levels will also have the benefit of priority customer service.