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One of DraftKings’ best features is the sportsbook’s bonuses and offers, particularly its welcome bonus. New customers can look forward to a $1,000 deposit match bonus once they sign up on the site.
Though DraftKings will only match 20% of your deposit, most sites that offer dollar-for-dollar matches usually have a lower limit, so DraftKings still has the edge on such sites.
Additionally, DraftKings Sportsbook has a lower minimum deposit requirement.
To know more about DraftKings’ welcome offer and how to take advantage of all their available offers, read on.
If you’re looking to take advantage of DraftKings welcome offer, you’ll need to use a valid promo code. Once you find yourself on DraftKings’ registration page, use our promo code ‘BESTODDS’ to unlock their welcome offer.
New customers who use the above DraftKings promo code will get the following welcome offer: 20% Deposit Match Bonus Up To $1,000.
Wondering how this works? Simply make a deposit of at least $5 after signing up, and DraftKings will match 20% of your first deposit.
If you deposit $1,000, DraftKings will give you an extra $200 to help you begin your wagering. Since the maximum that you can receive is $1,000, the maximum that you need to deposit to get the $1,000 is $5,000.
The bonus is issued in the form of site credit and has a 25x rollover requirement. To achieve this rollover requirement, all your sports bets need to have minimum odds of at least -300, otherwise, they won’t count towards the achievement of the bonus.
If you really want to take advantage of all current and future bonuses, you should familiarize yourself with the following terms:
Every welcome offer has an expiry date, so bettors need to be cunning if they want to maximize the bonus funds given to them.
DraftKings will give you a 90-day window to utilize your bonus funds. After that, any unused bonus funds will expire.
90 days is extremely generous. So despite the steep 25x rollover requirement, you still have more than enough time to meet the sportsbook’s requirements.
No deposit bonuses allow you to sign up on a sportsbook and play using the bookies’ funds since no deposit is required from you. This evident advantage makes no deposit bonuses extremely hard to find.
Currently, DraftKings doesn’t have this offer.
Users looking for a deposit match bonus will be pleased to hear that DraftKings’ welcome bonus is a deposit match bonus. So any first deposit that is between $5-$5,000 will be matched by the sportsbook.
Since the sportsbook will match 20% of your first deposit, you need to calculate how much bonus funds you want before making a deposit.
For example, if you want $500 in bonus funds, you should make sure that your first deposit is $2,500.
Free bets, which are basically just bonuses that allow bettors to place free wagers of specified amounts using the bookies’ money, are also available on DraftKings.
When you refer your friend, DraftKings will give both of you a free bet that can be worth up to $100.
There’s also an MLB “Live Bet Get Offer” where the sportsbook gives free bets to users who place live wagers.
A risk-free bet allows you to place a bet with the knowledge that your wager will be refunded if the wager ends up being a loss.
Currently, DraftKings doesn’t have a risk-free bet offer.
Since you already have a promo code, you might have a few questions regarding the redemption process. Fortunately, DraftKings has made it easy for users to receive their matched deposit bonus.
To ensure that you receive your bonus funds from DraftKings using the promo code, simply follow these steps:
If you want to see whether your bonus has been credited, you can easily check this on the sportsbook’s app at any time. Just head to the ‘Active Bonuses’ page to see whether a bonus has been credited.
DraftKings also has a neat feature that allows you to track the progress of your bonus.
Since you need to meet rollover requirements, this tracker will show you the progress that you’ve made with your bonus funds.
DraftKings always aims to make sure that your bonus funds are credited instantly.
At most, you may have to wait around for one hour, which is still a great time when compared to many other sportsbooks that take an average of one or two days to credit a bonus.
Once you get the bonus funds and start to play through them, they should be released to your main account balance one hour after an event has been completed.
In case it’s been a while and you still haven’t received your bonus funds, just contact DraftKings’ customer support team and they’ll guide you appropriately.
Overall, DraftKings’ time frame is exceptional.
DraftKings has a pretty hefty rollover requirement. Once you receive the bonus, the sportsbook will lump together your deposit and bonus to form your bonus balance.
From there, you’ll be required to meet the sportsbook’s 25x rollover requirement if you wish to turn this bonus balance into cash.
Basically, this means that for every $25 that you wager on the site, you’ll receive $1 in withdrawable funds.
If your bonus balance is $1,000, you need to wager $25,000 to be able to withdraw the full bonus amount.
Admittedly, this rollover is quite steep. But high rollovers are extremely common in online sports betting. Plus, DraftKings gives you 90 days to meet their wagering requirements, which is an extremely generous time period.
DraftKings always has sports-specific bonuses and promotions. These tend to be seasonal and can focus on events like finals, playoffs, championship deciders, etc.
We’ve listed a number of sports-specific bonuses & promotions offered on the site:
DraftKings has many other promos in store for their customers. Some of the available ones are discussed below:
DraftKings often has state-specific promos when they are launching in a new territory. Other than that, most of the available promos are standard across all of the states that DraftKings operates in.