Elite Sportsbook Promo Code

Just heard about the $500 welcome bonus for bettors in the Hawkeye State with Elite Sportsbook? Well, unfortunately, the time to take advantage of the bonus bets has passed. The sports betting platform announced that it would not be taking any more bets from July 5th, 2023.

The same also goes for all customers who have been placing bets in Colorado. The Elite Sportsbook promo code was pulled out on June 30th, 2023, but there are still many reputable, online sportsbooks to choose from in both states.

At the moment, BetMGM is leading the industry with the welcome offer of bonus bets up to the value of $1,000. Let’s get right into all of the details.

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Elite Sportsbook Promo Codes

There are no promo codes that apply to the Elite Sportsbook app. Customers would simply have to follow links and complete the registration process to opt-in. The offer was a standard insurance bet up to $500, about half of what the current industry leaders provide.

A VIP scheme, bonus bets, insurance for parlays, and odds boosts were some other offers that Elite Sportsbook ran for its customers.

Is The Elite Sportsbook Promo Code Still Valid?

The Elite Sportsbook app made a decent effort to compete with the big names on the US sports betting scene but unfortunately, the competition proved to be a little too tough. Before closing, customers who opened an Elite Sportsbook account would be eligible to claim a first bet bonus up to the value of $500 but only if their first bet lost. The credited funds would also only be in the form of bonus bets, so once they have been wagered, you’d only receive the winnings. Besides that, there was also a seven-day period for customers to use the bonus bets.

Elite Sportsbook App

This offer would be just below par when compared to the rest of the industry but of course any welcome bonus is beneficial to active sports bettors who have claimed bonuses with competing sportsbooks.

Unfortunately, Elite Sportsbook couldn’t maintain its operations in Colorado and Iowa, and an announcement was made in June 2023, that all operations were to shut down by July 5th. This means the promo code is no longer valid but we have a couple of alternatives that will be around for the foreseeable future.

Elite Sportsbook Promo Code Alternatives

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Elite Sportsbook wouldn’t be considered by many as a top sportsbook in the US which is likely why they had to cease their operations. These alternatives are not only available in Iowa and Colorado, most also allow customers access to the sports betting platform in over 20 states! You’ll also find a wider variety of betting options within all the markets.

  • DraftKings currently has a 20% deposit match up to the value of $1,000 for all new customers. You’ll have to make a minimum deposit of $5 but keep in mind that the match is only applied to your very first deposit. After that, you’ll have the bonus rewarded to your account and a 90-day playthrough period. No promo code will apply for the offer, simply follow our links.

DraftKings Deposit Bonus

  • BetMGM has a similar offer to what Elite Sportsbook was promoting before they shut down. It’s a bonus bet up to the value of $1,000 when you open your account and make your first bet. A minimum deposit of $10 is required and the first bet value is matched. The promo code for the offer is GAMBLEUSA.
  • Caesars has the perfect offer for high-roller sports bettors. It’s a 100% up to $1,250 first bet offer, similar to that of BetMGM, and 1,000 Tier and Reward credits! It’s the best value for money offer but it takes quite a deposit to take full advantage of the bonus. The minimum amount you can deposit is $20 and you’ll have to use the GUSAFULL promo code to gain access.
  • FanDuel also has a first bet promotion called the ‘No Sweat First Bet‘. It’s up to the value of $1,000 but it’s only awarded if the very first bet placed is a losing one. The minimum deposit for the offer is set at $10 and no promo code is necessary, simply follow our links.
  • Finally, PointsBet has a first-bet promotion that will apply to your first five days on the platform. The maximum reward is 5 x $100 in bonus bets that are awarded each day if your first bet loses. The minimum deposit is only $5 but keep in mind that the matched bet amount is rewarded with the bonus. No promo code is required.


By now you should have a solid selection of betting alternatives to the Elite Sportsbook website. The platform couldn’t manage to keep the pace of the rest of the industry and closed its doors in July 2023.

The Elite Sportsbook promo code adding a $500 first bet bonus was quite competitive but it is also no longer available for new customers.