An overview of the DraftKings signup bonus
DraftKings risk-free bonus
DraftKings mobile sports betting
When you sign up at any of the
legal sports betting sites
I recommend, you’re in for some sweet bonus deals. Right off the bat, you can claim a welcome bonus. These welcome deals vary, but a lot of times, you’ll see a deposit match bonus. This means they’ll match your first deposit up to a certain percentage. But let me tell you, one of the best types of welcome bonuses has got to be bet insurance offers.
With bet insurance, if your first bet doesn’t win, you’ll get your money back up to a specific limit. The catch? These offers are kinda rare. But don’t lose hope! Take DraftKings, for example. They offer a deal that can go as high as $1,000. It’s just a fancy way of saying if your first bet loses, you get a second chance with a bonus bet worth up to $1,000. I find this DraftKings deposit bonus to be pretty impressive.
DraftKings has launched a fantastic March Madness bonus offer for all new players. The Promotion is valid from March 1 at 12:00:00 AM Eastern Time (ET) to March 24 at 11:59:59 PM Eastern Time (ET). You Must be physically located in CT, MI, NJ, PA, WV, or CA-ONT to be eligible. Customers must opt-in within 7 days (168 hours) of registering a new account.
You Must deposit a minimum of $5 within 7 days (168 hours) of opting in to earn a 100% deposit match bonus, up to $100 in Casino Credits eligible on select DraftKings Casino games. Casino Credits are single-use, have no cash value, are not withdrawable, must be wagered 1x before any resulting cash winnings can be withdrawn, and expire 7 days (168 hours) after being awarded.
20% up to $1000
T&Cs apply, 21+
Get Bonus
Bet $5, Get $150 If Your Bet Wins
T&Cs apply, 21+
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How to claim the DraftKings signup bonus: A step-by-step guide
Claiming the DraftKings signup bonus is a breeze, and honestly, it’s no shocker since DraftKings is such a big name in the sports betting scene. Every step, right from signing up and making your first deposit, to claiming and using the bonus, has clearly been designed with the user in mind. Here’s a quick guide to get you started.
- Head on over to DraftKings sportsbook through one of the direct links on this page. Once there, look for the green ‘Login’ button at the top and click it. Then, hit the ‘Sign Up’ button on the login screen to pop open the registration form.
- Fill in the form with your email, phone number, and your pick for an email and password. You’ll see a spot for a promo code, but you can skip that – you don’t need a DraftKings sportsbook promo code for this bonus.
- After your account is set up, log in with your new account details. Head over to the ‘Promos’ page from the main menu and look for the “no sweat bet” up to $1,000′. Click the green ‘Deposit’ button to opt-in and then deposit at least $5 into your account. This is a pretty low minimum deposit compared to other offers out there.
- Now for the fun part – making your first bet. All you have to do is bet at least $1 on an available market on DraftKings. If you win, you pocket the winnings. If not, you’re covered with a refund in bonus bets, maxing out at $1,000.
How to use the DraftKings deposit bonus bets
Alright, let’s say your first bet didn’t pan out. No worries, you’ll get a bonus bet token that can be as much as $1,000. Now, the fine print says it might take up to 24 hours for this bonus bet to hit your account, but in my experience, it usually shows up way faster. I’m talking almost instantly, right after your initial bet settles.
Once you’ve got your bonus bet, you’re free to use it across a ton of sports and betting markets at DraftKings, which is pretty cool. But here’s what you should keep in mind: if you win using that bonus bet, you only pocket the winnings, not the stake. For example, if you use a $100 bonus bet on a bet with +100 odds and win, your total would normally be $200. But since the $100 stake was a bonus token, you only get to keep the $100 winnings as real, withdrawable cash.
Yeah, it’s a bit of a bummer not getting the stake back too, but that’s pretty standard across the board with these types of bonuses. The silver lining? There’s no cap on how much you can win with your bonus bet. This feature makes the DraftKings signup offer stand out from other welcome offers out there.
Some key terms and conditions to be aware of
This bonus is really straightforward and user-friendly, but like all bonuses, there are a couple of important terms to remember. One key point is the seven-day limit on using your bonus token. Once it’s added to your account, you’ve got a week to use it or you’ll lose it.
Sure, a week might seem short compared to some other offers out there that give you 30 days, but here’s the kicker: the wagering requirement for this bonus is just 1x. That’s about as good as it gets. It means any money you win with your bonus bet can be cashed out right away or you can roll it into more bets – your choice. Honestly, these terms are pretty fair. The low wagering requirement and the reasonable time frame to use it make this a deal worth claiming.
Eligibility requirements: No DraftKings bonus code is needed
Before diving in, let’s make sure you’re in the clear to claim it. First up, you’ve got to be of legal betting age. That’s 21+ in most places, but 18+ in KY or WY. Also, you need to be in a state where DraftKings is legal. Good news is, DraftKings is licensed in a ton of states where online sports betting is legal. This includes the following:
- Arizona (AZ)
- Colorado (CO)
- Connecticut (CT)
- Iowa (IA)
- Illinois (IL)
- Indiana (IN)
- Kansas (KS)
- Kentucky (KY)
- Louisiana (LA) – only in certain areas
- Massachusetts (MA)
- Maryland (MD)
- Maine (ME)
- Michigan (MI)
- New Jersey (NJ)
- New York (NY)
- Ohio (OH)
- Pennsylvania (PA)
- Tennessee (TN)
- Virginia (VA)
- Vermont (VT)
- West Virginia (WV)
- Wyoming (WY)
If you’re above the legal gambling age and located in one of these states, you’re all good to sign up and claim the DraftKings deposit bonus. Just a heads-up, if you’ve already got a DraftKings account but haven’t put any money in it yet, you’re still in the running for this offer.
Bonus offer comparison
Check the table below to see how the DraftKings offer compare to its closest rivals. Please note that the region in which you live can have an affect the sites shown on the table and whether the table shows at all. If sports betting is not legal in your state, you may be able to find a suitable Daily Fantasy Sports site instead.
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| Bonus: |
Bet $5, Get $150 If Your Bet Wins
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Bet $5 Get $150 or $1000 First Bet Safety Net
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Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
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Bet $5 Get $300 in Bonus Bets if you win
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| Type: |
Welcome Bonus
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Welcome Bonus
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Welcome Bonus
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Welcome Bonus
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| Requirements (WR): |
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1x Bonus
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1x Deposit
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| Min. Deposit |
$5
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$10
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$10
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$10
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| Cashable: |
❌
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❌
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❌
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❌
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| Min. Odds |
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-500
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-
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-
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Tips to help you maximize the DraftKings sign-up offer
Grabbing the bonus is a piece of cake, but the real trick is using it smartly to maximize its benefits. Let’s dive into some tips to help you do exactly that.
Take things one step at a time
DraftKings is awesome because it offers a ton of bonuses and promos. However, don’t try to grab everything all at once. When you sign up, you might be tempted to pick any promo that catches your eye, but it’s best to kick things off with the welcome bonus. Claiming a different promo first means you’ll miss out on the welcome offer, and that handy $1,000 bet insurance. So, take things one step at a time or you’ll miss out.
To claim the welcome bonus, remember you have to opt-in to actually get it. No need for a DraftKings promo code or anything. Just go to the “Promos” page and click on the bonus to opt in. If you make your first deposit without opting in, you’ll kiss that offer goodbye. So, make sure you do this before you deposit.
While it’s tempting to dive right in, playing the waiting game can be a smart move. You’ll have a week to use your bonus bet token after it lands in your account. So, it’s best to check the fixtures beforehand.
If there’s a game you’ve got your eye on what’s happening in 10 days, you might want to hold off on signing up for a bit. That way, you can ensure you’re all set to place your bet on something you’re genuinely excited about.
Of course, throwing your bet on an underdog is a gamble. But here’s the upside: the potential win is way bigger compared to betting on the favorite. So if you’re eyeing an underdog, why not use your free bet token on it?
This way, you’re not dipping into your own pocket, but you still get a shot at the payout if your underdog pulls off a win. It’s a smart way to cut down the risk associated with betting on positive odds.
The insurance bet serves as a safety net by giving you a bonus bet token if your first bet loses. But, let’s keep it real—it’s not totally without risk. You’ve got to use that bonus token on another bet before you can cash out any winnings. So, there’s still a chance that you might not win anything.
Additional DraftKings bonuses and promos
Thought the DraftKings welcome bonus was the end of the road? Think again! After you’ve made the most of your welcome bonus, just swing by the “Promos” page. Over there, you’ll stumble upon a bunch of cool reload offers waiting for you. We’re talking profit boosts, same-game parlay insurance, and even more “Bet and Get” deals. And guess what? These offers are always changing, so you’ve got something new and exciting to look forward to all the time. Make sure to keep an eye on the “Promos” page to catch the latest deals.
I went ahead and claimed some of these extra bonuses for myself, and let me tell you, the activation process is a breeze. They’re pretty much like the signup bonus—easy to claim by opting in on the “Promos” page, no need for any special DraftKings promo codes. And the cherry on top? The terms and conditions are super fair. All of these
sports betting bonus types are explained
in detail in the terms and conditions, which often include low wagering requirements and no restrictions on the amount you can win.
Dynasty Rewards: Get rewarded for your loyalty
Check this out – besides all the regular bonuses found on the “Promos” page, DraftKings really steps it up with its own special rewards program, making it stand out from the crowd. It’s called the Dynasty Rewards program, and it’s your ticket to getting Crowns and Tier Credits for just about anything you do in DraftKings sportsbook. Let’s dive into how you can rack up those crowns and credits:
- Crowns:
For every $2 you bet on DraftKings’ online sportsbook, you get one Crown.
- Credits:
You get credits for making real bets with odds of -1000 or higher.
You can redeem those crowns for cool stuff like gift cards, merchandise, or even some once-in-a-lifetime experiences. And those credits? They’re what you use to climb the ranks in the rewards program. The higher you go, the better the benefits and rewards you will receive. I found that many of the
best sportsbook promotions
can be accessed through this program, so it’s well worth trying to climb the levels.
Refer a friend for even more rewards
Found yourself loving DraftKings? Why keep it to yourself? Spread the love with their refer-a-friend program. Grab your unique referral link and share it with your friends through email, text, Twitter, or Facebook.
They’ve even hooked you up with a QR code for easy sign-ups – just let your friends scan it to join via your link. The best part? When your pals sign up and make a deposit using your link, both of you receive a reward. Talk about a win-win situation!
DraftKings signup bonus conclusion
The DraftKings signup bonus is a sweet deal that means you’re able to get off to a strong start as a new bettor. It’s like having a safety net right there to catch you if your first bet doesn’t go as planned.
The best part? There are no wagering requirements on the winnings, so anything you make from the bonus bets is yours to keep. By following the steps laid out in this guide and keeping my tips in mind, you’re setting yourself up for a smooth and potentially rewarding betting experience.
So, go ahead, claim your signup bonus, and dive into the world of sports betting with DraftKings. Just remember that while you do not need a DraftKings sportsbook bonus code, you will have to manually opt-in before making a deposit.
Bet $5, Get $150 If Your Bet Wins
