Operated by one of the leading daily fantasy sports operators in the world, DraftKings Sportsbook is one of the top-rated online sports betting sites that operate within the USA (licensed in New Jersey, Pennsylvania, West Virginia, Illinois, New Hampshire, Iowa, Indiana, Colorado and Tennessee). The bookie offers sports betting on hundreds of sports events worldwide with premium odds.
In this review, we take a look at the DraftKings Sportsbook bonus, which can be claimed by all new depositing players who join the site. We take a closer look at how players can claim their welcome bonus, what kind of bonus terms apply to the offer and which players are eligible to claim it. The thing to keep in mind is that DraftKings does not require players to use a DraftKings Sportsbook promo code of any kind. Keep reading and get familiar with the process that will land you a USD 500 free bet with the popular bookmaker AND a 20% first deposit bonus up to $500.
- DraftKings Sportsbook Welcome Offer: $500 for Your First Deposit
- Interesting Offer, but Can I Use my Preferred Deposit Method
- Let’s Go: I Want to Register!
- DraftKings Sportsbook Bonus Conditions in Detail
- Tips: How to Fulfill the Bonus Requirements
- Top 4 Common Mistakes: Do I Need a DraftKings Sportsbook Bonus Code?
- DraftKings Reload Bonus & Promotions
DraftKings Sportsbook Welcome Offer: $500 for Your First Deposit
Players who join DraftKings Sportsbook have a very good reason to get excited as the operator is awarding up to USD 500 in free bets to every player who makes a real money deposit and wager. The only condition of the free bet promotion is that a player deposits and wagers the amount they wish to receive as their first bet. In addition, you'll get a first deposit bonus of 20% up to $500. Only players from New Hampshire get a different promotion with a Risk-free bet of up to $25. This bonus has the same wagering requirements as the Risk-free bet you'll get reviewed here.
In order to receive the full value of the offer, players need to deposit USD 500 and wager the entire amount on a single sports event. There is no need to use a DraftKings Sportsbook promo code of any kind in order to claim the offer. All new players are eligible for the offer as long as they make a deposit and make a real money wager. For the first deposit bonus, you'll need to deposit up to $2,500 to receive the full bonus amount of $500. To withdraw the money you'll need to wager the 25x the bonus amount with odds -300 or longer. It should be noted that the bonus can be wagered through sports bets, DFS contests, and casino games.
Once a player makes the first real money bet, the free bet is paid into their account in a matter of days. The free bet is not refundable or transferable in any way and any winnings made from the bonus will not include the wagered amount. This means that only the actual winnings from free bets are paid out into the player’s real money account while the actual bonus money is not cashable. In addition to the welcome bonus, DraftKings Sportsbook offers a number of other lucrative promotions, which we will describe further in this rewiring of the DraftKings player bonuses.
Interesting Offer, but Can I Use my Preferred Deposit Method
When it comes to getting money into online gambling accounts, most players are used to using a single deposit method for all their deposits. Unfortunately, some bookies and casinos tend to restrict the number of payment methods which can be used to claim bonuses and promotions to avoid bonus fraud and other problems.
Thankfully, DraftKings Sportsbook is not one of these operators, as the bookmaker allows customers to claim the free bet bonus regardless of the payment method used. This means that players who use their credit cards, e-wallet accounts or other payment methods will all get to claim the extra value that comes from the operator’s generous welcome bonus offer.
Let’s Go: I Want to Register!
Are you ready to claim your first DraftKings Sportsbook promo? If so, you are in the right place as we are about to explain how you can sign up for a real money account and become a customer of DraftKings. Before you take any further steps, make sure that you live in a state in which DraftKings is a licensed operator, as this is the only way to legally play for real money from within the USA.
The process of becoming a DraftKings Sportsbook user is quite a simple one and only requires a few steps. Provided you fulfill all the terms of being a DraftKings player, all you need to do is visit their website or download a DraftKings Sportsbook App to your phone. From here, click the green sign up button and fill out the form. In order to get the welcome bonus safely into your account, follow these simple steps:
- Click the sign-up button
- Fill out the registration form with real info
- Confirm your email address
- Choose your deposit method
- Initiate your first deposit
- Make your first bet
- Claim the free bet bonus
The DraftKings welcome bonus is available to all new DraftKings Sportsbook players and the only real condition is that you become a real money player and make your first bet / first deposit. Once you have filled out all the personal information required in the form, you will need to confirm your email address as well, in order to confirm you own it.
DraftKings Sportsbook Bonus Conditions in Detail
When it comes to the DraftKings welcome bonus, the promotion comes with a set of very simple to follow terms and conditions, which are easier to comply with than at most other bookies. The risk-free bet, worth up to USD 500, is paid to players by DraftKings immediately after they place their first real money bet. The free bet can then be used to make a wager and make further profits. The first deposit bonus requires a minimum deposit of $5 and odds of -300 or longer.
In order to actually claim their free bet, players will need to deposit the amount they wish to claim, up to USD 500, and bet the full amount on their first real money pick at DraftKings. Subsequent bets will not be taken into consideration, so make sure you bet the full amount the first go around if you are looking to claim the full free bet. Because the first deposit bonus is a 20% bonus you'll need to deposit up to $2,500 to get the full amount.
Once claimed, the free bet / first deposit bonus must be used within 30 days, and players should remember that only the free bet winnings will be paid from the bonus, while the actual bet value itself will not be paid as cash once the player uses it to make a wager.
The free bet bonus is non-transferable cannot be cashed out or redeemed in any other way. However, with no further terms and conditions applying to the offer, it remains one of the most lucrative bonus offers on the American online sports betting market. The first deposit bonus is cashable of course.
Bonus & Condition details
Tips: How to Fulfill the Bonus Requirements
Once you claim your free bet at DraftKings, there will be certain things you will need to do to get the most out of it. While many players already understand how free bets work, we wanted to make sure everyone gets a fair chance, so we are bringing you a few basic tips that you can use in claiming your DraftKings Sportsbook welcome bonus and complying with all the terms and conditions.
- Get the full value: In order to get the absolute most out of the DraftKings Sportsbook welcome bonus, players should deposit the full amount of USD 2,500 and wager at least USD 500 at once when they first sign-up to have the chance to get the full risk-free bet amount too. While this is a bit risky, you get the risk free bet in return and you get two shots at making a profit with your initial deposit.
- Don’t gamble too much: Since there are no special terms and conditions related to the wagering odds of your free bet at DraftKings Sportsbook, there is no reason to gamble too much. Decide what your goal is with the free bet and find a solid market that will pay you what you envisioned if you win.
- Remember it’s just one bet: Unlike casino or other gambling bonuses, free bet bonuses must be wagered all at once. This means you will only have one shot with your free bet, so make sure you make it count and get the most value you can out of it.
Top 4 Common Mistakes: Do I Need a DraftKings Sportsbook Bonus Code?
We have explained the wagering and other terms and conditions of the DraftKings Sports offer but this does not mean that there is no room for confusion, especially among inexperienced players. After all, live bookmakers do not provide such offers, so players who are transitioning from live to online betting may not be aware of what they need to do to claim and clear their free bet bonus.
We have compiled a short list of some common mistakes that players make when wagering their free bet bonuses as well as the resolutions of such mistakes. If you are unsure as to how to deal with your free bet bonus, check out these tips and remember them when you get into the action.
- Forgetting about the bonus: When they sign up with a bookmaker, players often forget there is a free bet to claim. This is why many players end up making a small bet and blow their shot at claiming the full DraftKings Sportsbook bonus. Don’t forget to claim the maximum possible free bet amount if you can.
- Letting the bonus expire: Once claimed, the free bet must be used in full within 30 days. Don’t let your free bet expire by waiting too long to bet it.
- Mixing promotions: Every promotion at an online bookie can only be used once. Trying to use multiple promotions at once does not work. If you try to claim multiple free bets based on the same real money wager, you will only receive the bigger one. The first deposit / risk-free bet combination is an exception and is thought to be used together.
- Trying to cash out: You cannot cash out your free bet, so don’t even think about it. The free bet money can only be used to make a real money wager and only the winnings of that wager are paid as real cash. The first deposit bonus can be cashed out after reaching the wagering requirements.
DraftKings Reload Bonus & Promotions
In addition to the USD 500 free bet and the USD 500 first deposit bonus that all new players are eligible for, a number of other DraftKings Sportsbook promotions are also in the cards for all users. These promotions can be claimed by new and existing DraftKings players alike, and they include price boosts, free bets and reload bonuses.
Depending on the type of sports you prefer to bet on and the time of the year, various promotional offers are available at the DraftKings Sportsbook. The operator tends to give away a lot of value, especially at times when seasons in major sports leagues are at their peaks.
The DraftKings sportsbook refer a friend program is another valuable promotion that allows players to get up to USD 50 in free bets for every real money customer they bring to the site, which is yet another way for DraftKings to say thank you to their most active users.
The operator also allows for many different functionalities, such as DraftKings Sportsbook gift card deposits, DraftKings Sportsbook cash-out option and various other useful perks that players can certainly use to their advantage.
FAQDraftKings Sportsbook Promo Code: Frequent Questions and Answers
As long as you are 21 years old, live in a state in which DraftKings is licensed and you sign up with your real credentials, you can claim your free bet with no problems. There are no particular restrictions in place that would prevent you from claiming this welcome bonus.
As a DraftKings player, you can claim numerous promotional offers on a regular basis, spanning over a vast range of sports and events. These offers change regularly so make sure to keep up with the promotions’ sections of the site not to miss out on any value.
You will receive your free bet if you place your first real money bet with the operator and it loses. In this case, the bet will be refunded as a free bet. You can then use this free bet to place a new wager and try to recover your loss or make profit totally risk-free.
The free bet can be used to wager on most betting markets, with some markets potentially excluded at times. Check out the bookie’s terms and conditions at the time of signing up to make sure you’re betting within the rules and aren’t breaking any terms and conditions.
If you win money with your free bet, you will get all the winnings paid to you as real money. In that case, you can request a full cashout of these real money funds. There will be no further restrictions in place and you can use the winnings to place new bets or withdraw them.