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DraftKings Daily Fantasy Promo Code 2024: Guide to New Fantasy Sports Rewards

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DraftKings Fantasy DFS
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Bonus Details:
Type:
Deposit Bonus
Cashable:
Yes
Requirements (WR):
25x Deposit
DraftKings Fantasy DFS Bonus
20% up to $500 + free $3 ticket
Promo Code
Go to DraftKings Fantasy
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When I first came across the DraftKings DFS new-player offer, I knew I couldn’t pass it up. First-time customers can claim a 20% matched deposit up to $500 with the latest DraftKings daily fantasy promo code.

Two things stood out for me with this reward: the straightforward T&Cs and the lack of restrictions with playable basketball contests. Regarding bonus terms, DraftKings doesn’t give you the entire offer after making the minimum deposit. Instead, you’ll receive $1 bonus funds for every $25 played on DraftKings contests. You also have 90 days to claim the complete reward.

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Payment Methods
PayPal
VIP Preferred
Play+
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License
Virginia (US) Lottery Board
Award
EGR - Operator of the year (2023)
Withdrawal
1 – 5 Days
Company
DraftKings Ltd
Founded
2012
Website
sportsbook.draftkings.com
Available Languages
EN
Customer Support
Live Chat, Phone, Email Support
Phone
877-659-6066
Verified by
GamCare
Overall Rating
4.5/5
  • Bonus Offer
    4.2/5
  • Bonus Wagering
    4.3/5
  • Bonus Withdrawal
    4.6/5
  • Rewards & Loyalty Program
    4.4/5
Payment Provider Deposit time Withdrawal time Safety Approval rate
PayPal instant 1 - 2 days very high High
VIP Preferred instant 1 - 3 days high
Play+ instant 2 - 5 days high
Discover instant high
Bank Transfer instant 1 - 3 days very high
Visa instant 1 - 3 days high
Mastercard instant 1 - 3 days high
BankWire 1 - 2 days high
Venmo instant 1 - 3 days some
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Last Updated on 07.04.2024
Fact checked by: Mike Goodpaster

Introduction to bonus offers – Explore DraftKings daily fantasy basketball with an exciting bonus

How do DFS brands primarily attract players? If you said sign-up bonuses, you’re 100% correct. Daily fantasy sports websites generally provide welcome offers to reel players into their platforms and heighten the playing experience for us.

Most of these bonuses match your deposit to a specific percentage. However, there’s always one grey area that dampens our excitement – the bonus terms and conditions.

I’ve encountered numerous sizable bonuses with tricky T&Cs that make it challenging to maximize the reward. That’s why I initially approached the DraftKings daily fantasy bonus with scepticism. Interestingly, the website stunned me in a good way.

First of all, I must admit the 20% matched deposit bonus up to $500 from DraftKings is impressive. However, the T&Cs make the offer even more appealing.

DraftKings keeps things relatively simple. You don’t immediately claim the complete bonus amount after signing up with the DraftKings daily fantasy promo code.

Instead, you’ll receive $1 in bonus funds for every $25 played on DraftKings contests. Therefore, if you deposit $2500, you must play $12,500 during contests to claim the entire $500 bonus. Amazingly, the website provides a generous 90-day timeline to fulfill the wagering conditions and claim all bonus funds.

Does it get better than this? Actually, it does. The more you play, the quicker you claim crowns and tier credits to move up the DraftKings Dynasty Rewards Program and gain access to even better promotions. You can also claim prizes via the website’s Refer-a-Friend system.

How to use the bonus – Claim DraftKings daily fantasy promo code bonus in three simple steps

While daily fantasy players love attractive bonus offers, we don’t want to have to go through a million hurdles to receive rewards.

We would rather sign up within minutes, with the bonus amount sitting pretty in our accounts when we’re done. The next step would be diving straight into gameplay – zero pitfalls whatsoever.

DraftKings understands our craving for straightforward bonuses, so the website opts for a hassle-free process to claim its welcome bonus. Here’s the three-step process to receiving the daily fantasy sports bonus from DraftKings:

Step 1: Sign up on the website

You must create an account to claim the welcome bonus. This procedure is standard protocol on all daily fantasy websites. Open the DraftKings website, and click the orange Sign-up Now icon to get started.

Next, enter the required details (email, mobile number, username, and password) in the blank fields on the registration page. During this step, you must also provide the DraftKings daily fantasy promo code SAVE.

Step 2: Make your deposit

The minimum deposit for DraftKings daily fantasy offer is $5. You’ll claim a 20% matched bonus if you deposit this amount or a figure above it. The offer has a $500 cap, and you can qualify for the complete bonus with a $2500 deposit.

Step 3: Enter contests to claim bonus funds 

DraftKings opts for a unique system to credit the bonus amount in your account. While most websites would give you the new-player reward when you fulfill the deposit requirements, the scenario differs with this offer. DraftKings adds $1 worth of DraftKings dollars to your account for every $25 played in contests.

In other words, you need to get busy with basketball contests after fulfilling the minimum deposit. That said, with this requirement comes the temptation to rush into gameplay to claim every dime of your bonus funds.

However, in my experience, I’ve discovered there’s no need to hurry with the DraftKings daily fantasy promo code bonus. The offer has a 90-day timeline, so you can take some time to study the T&Cs and search for suitable contests.

Speaking of terms and conditions, there are some location-based restrictions to keep in mind before claiming this offer. First, Hawaii, Idaho, Montana, Nevada, Oregon, and Washington are excluded from DraftKings legal states. Players who live in Louisiana parishes where fantasy sports contests are prohibited can not access the website, as well.

Furthermore, the age requirements to open an account vary based on your location. While you must be at least 18 to use DraftKings products across most US states, the legal age in Nebraska and Alabama is 19 years.

For residents of Arizona, Iowa, Massachusetts, and parishes in Louisiana, where fantasy sports is legal, the permissible age is 21. Aside from these conditions, it’s also worth mentioning that the bonus funds have a 1x wagering requirement before any winnings can become withdrawable cash.

Comparing offers in legal states

Should DraftKings provide legal service in your state, you can take a look at the table below to compare their offering against its toughest competition. Please note that if sports betting is also legal in your state, that the table below will prioritise those real money bonuses.

Top 5 expert tips to take advantage of the offer – How to maximize your DraftKings welcome bonus

Claiming welcome bonuses is often the easy part of online gaming. The tricky bit is using these rewards to play games and claim withdrawable winnings.

Fortunately, I have enough experience with daily fantasy sports and can help you navigate these muddy waters. Want a sneak peek into my DraftKings daily fantasy promo code bonus strategy? I’ve compiled all the juicy details in the next few sections. Let’s dive in:

Read and understand the bonus terms and conditions

Here’s what you don’t want to do immediately after claiming the DraftKings welcome bonus: dive straight into gameplay without checking the playthrough requirements.

I know the excitement can get the better of us, and we want to enter contests and claim winnings with our bonuses as quickly as possible. However, I usually recommend taking time to digest the daily fantasy bonus T&Cs first to understand how to use the offer.

Interestingly, the rush isn’t necessary with this reward. You have 90 days to use the bonus to your heart’s content – that’s around three times the average bonus timeline at most daily fantasy websites. Why not spare some minutes to read the offer’s fine print to determine how to maximize it?

Thankfully, I’ve outlined some of the terms and conditions attached to the DraftKings bonus in this article. If you skipped through those sections, I’d suggest going back to read them carefully. When you’ve done so, you can map out a strategy to get the most out of the reward.

Play at a realistic and healthy pace

DraftKings rewards you with $1 for every $25 spent on contests. This approach comes with the temptation to enter contests with higher amounts to claim as much bonus funds as possible in one go.

However, playing recklessly and without a strategy in this manner is often a surefire way to lose money. I always counsel DraftKings players that it’s entirely fine to start slow and strategically work your way up with contests. This advice is especially vital if you’re a beginner.

Amazingly, DraftKings has numerous casual and beginner contests for you to learn the ropes and improve your skills if you’re new to daily fantasy sports. You can use some of these low-cost competitions to explore the daily fantasy world while still having fun.

Focus on sports you're familiar with

DraftKings doesn’t restrict the sports or contests you can play with the welcome bonus. These multiple options mean you can try something new if you want to. However, I don’t recommend that strategy.

Playing unfamiliar sports will likely cost you money since most of your draft tactics would be guesswork. Instead, I’d advise sticking to sporting events you follow consistently – which, in this case, would be basketball.

Since you’re an avid basketball fan, you likely know the best NBA players to draft for your team to improve your chances during contests. 

Read the DraftKings daily fantasy playbook

The DraftKings playbook is my favorite feature on the website. It features daily fantasy news, tips, and strategies across different sports. If you’re looking for the best fantasy draft strategy for NBA contests, it’s an extensive resource you can trust. I typically use it to discover value picks for my daily fantasy basketball squad, and it’s yet to disappoint me. 

Track how much you've claimed

As you enter contests regularly, DraftKings provides a bonus tracker to help you monitor how much you’ve spent and claimed as bonus funds. This feature is a helpful tool to keep your gaming at a healthy and responsible pace. You can use it to ensure you’re not playing more than necessary daily and weekly. 

Reload offers – Claim additional daily fantasy rewards with DraftKings reload bonuses

If you’re looking for ways to increase your DraftKings welcome bonus bets, the two go-to options are the Refer-a-Friend promo and the Dynasty Rewards Program. I’ll discuss the Dynasty Rewards system in the next section; for now, let’s focus on the referral promotion.

Basically, whenever you refer a new customer to the DraftKings daily fantasy website, and they deposit at least $25 in their accounts, you’ll both receive a 100% match of the amount up to $100. I’ve utilized this offer to top up my bonus balance since it launched in January.

Of course, terms and conditions exist with this program. For instance, the promotion expires on 2/24/2024, so you should take advantage of it as quickly as possible. You also have a limit of five referrals within the offer period.

In addition, you can only refer friends in New Jersey, Connecticut, Michigan, West Virginia, and Pennsylvania. Finally, the bonus has a 1x wagering requirement you must complete within seven days of claiming it.

Beyond this promo, DraftKings doesn’t feature conventional bonuses. Instead, the most popular offers on the website’s Promotions Page are contests and missions you can play for fantastic prizes. These contests cut across diverse sports, and prize pools can range from hundreds of dollars to millions.

Additional rewards & loyalty programs – Rise through the ranks for exclusive DraftKings dynasty rewards

Loyalty programs are becoming quite scarce across popular daily fantasy platforms. So, you can imagine my surprise and excitement when I signed up at DraftKings for the first time and encountered the Dynasty Rewards Program.

I am biased towards loyalty programs because I love being rewarded for consistent patronage. It’s proof that a daily fantasy website values my commitment to its products, and who doesn’t love feeling special?

Before I dive into how the system works, though, let me clarify that it’s a loyalty program, not a VIP club. You’ve probably raised eyebrows at this point, wondering what the difference is.

Well, loyalty programs are typically tier-based systems across daily fantasy and other gaming websites that reward players for regular gameplay. Prizes in these systems are also exclusive and depend on your level.

On the other hand, VIP clubs usually reward high-stakes players or gamers who make the most financial commitment while playing on any platform. Based on these definitions, you probably have an idea of how the Dynasty Rewards Program works already.

As expected, it’s a tier-based program with five levels – Bronze, Silver, Gold, Diamond, and Onyx. You start at the Bronze level as a new player and claim Crowns and Tier Credits from playing in contests. Your Tier Credits determine your level in the system and the accompanying rewards.

In contrast, Crowns are currencies on the DraftKings websites that are exchangeable for bonus bets/DraftKings dollars. Alternatively, you can redeem them for gift vouchers and other prizes.

DraftKings Daily Fantasy Bonuses

Bonus intro – 20% matched deposit daily fantasy bonus up to $500

The daily fantasy bonus from DraftKings offers you a great start to life as a DFS manager on the platform. You get a 20% matched deposit bonus of up to $500 immediately after signing up.

DraftKings also deserves some commendation for its unique approach to the offer. Providing the reward in $1 installments makes it significantly easier to track your progress within the 90-day timeline.

Of course, the lengthy bonus time frame is another positive. Too often, I’ve had to rush through a DFS bonus due to the standard 30-day expiration period offered by most platforms. It’s refreshing to see a more extensive timeline from a leading daily fantasy website.

Reality test – Seamless opt-in processes and straightforward playthrough requirements

Has anyone else gotten tired of the burdensome processes attached to most DFS bonuses? I know I have. That’s one reason the DraftKings daily fantasy offer is a breath of fresh air.

This reward is super easy to claim, with a hassle-free three-step process the only bridge between you and your bonus funds. I’m also a big fan of the straightforward 1x playthrough condition required to convert your winnings to withdrawable cash.

Let’s not forget that you can use the bonus on all DraftKings contests. Unreal stuff!

Bonus withdrawal – Claim your winnings via hassle-free requirements

If you check the DraftKings daily fantasy website, you’ll find that players must fulfill a 25x wagering requirement to claim the entire bonus amount. The breakdown of this condition is simple: you’ll receive $1 bonus funds for every $25 spent on contests.

In other words, if you deposit $2500, you must play $12,500 to claim the $500 bonus. You must also wager your bonus funds at least once to convert winnings to withdrawal cash. Sounds simple, right?

Pitfalls & what to avoid when claiming bonus – Potential downsides to lookout for

DraftKings daily fantasy bonus ticks all the necessary boxes: sizable, straightforward to claim during sign-up, and relatively simple to utilize. I can’t pick out any notable downsides with this offer.

The wagering requirements (25x for deposits and 1x for bonus funds) are fair. You also have 90 days to fulfill all wagering requirements for this offer, which is more than enough time compared to what’s obtainable at other websites.

Verdict on bonus – A straightforward bonus to explore the best of DraftKings daily fantasy products

Do welcome bonuses get any better than DraftKings’ offer? I doubt they do. You’re not only getting a sizable offer but one that won’t cause any needless headaches while claiming it.

Also, the bonus becomes even harder to refuse when you consider the range of contests available to you on the DraftKings platform. Ready for a pulsating daily fantasy adventure? Then, visit the DraftKings website now and claim your new-player reward.

Overall conclusion – Register and claim your DraftKings promo code bonus now!

I love DraftKings’ daily fantasy website. The platform obviously has a commitment to making life easy for players, and nothing reflects that more than the welcome bonus. It’s straightforward to claim, with achievable playthrough requirements and zero pitfalls.

The 90-day timeline is my favorite part of the reward. That’s more than double the time other daily fantasy platforms offer. So you aren’t in a hurry to fulfill the wagering requirements and can take some time to learn how the platform works.

I hope other DFS platforms take some hints from the DraftKings daily fantasy promo code bonus. That said, how about you close this article and head straight to the DraftKings website to kickstart your daily fantasy adventure? While you’re having all the fun in the world, don’t forget my tips and strategies to maximize the bonus.

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DraftKings daily fantasy promo code FAQs

🤔 How do I get a $500 bonus on DraftKings?

The DraftKings daily fantasy welcome offer offers new players a 20% matched deposit bonus up to $500. To claim the complete bonus amount, you must deposit $2500. However, you won’t get the entire bonus amount after meeting this requirement. Instead, the DFS platform will credit $1 bonus bets into your account for every $25 played in contests till you claim the entire reward. 

Do I need a DraftKings promo code?

Yes, you need a DraftKings promo code to claim the offer. Before signing up on the DFS website, check for state-specific promo codes to opt into the daily fantasy welcome bonus. 

💵 What is the minimum deposit for the DraftKings daily fantasy bonus?

The minimum deposit for the daily fantasy promo code bonus is $5. You can deposit as much as $2500 to claim the entire $500 bonus.

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DraftKings Fantasy Bonus Details
DFS
20% up to $500 + free $3 ticket
Type: Deposit Bonus
Requirements (WR): 25x Deposit
Min. Deposit: $5
Cashable: Yes
Promo Code
Go to DraftKings Fantasy
Get bonus now
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