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DraftKings Sign-Up Bonus: An Expert’s Guide to Claiming This Welcome Offer

Dave Kuzio
Editor
Fact checked by: Jim Knight
Last Updated on 12.05.2024

Choosing the right platform is essential for a fair and quality betting experience. For us, DraftKings is a top-tier sportsbook, and we are delighted to dive deep into all the DraftKings bonuses on offer on this platform.

In this review, we will detail what makes DraftKings great and how it can upgrade your betting experience. We will start by taking a look at the DraftKings sportsbook welcome bonus. We’ll also highlight key features, offer a simple guide on using the offer, and provide valuable tips and insights into how it stacks up against the competition.

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DraftKings Sports Bonus
20% up to $1000
T&Cs apply, 21+
-
PayPal
Play+
VIP Preferred
Discover
Bank Transfer
Visa
Mastercard
BankWire
Venmo
Cash
Bonus Type
Deposit Bonus
Wager
1x Bonus
Min. Deposit
$5
Cashable
Yes

DraftKings’ Welcome Bonus Offer

DraftKings Sport Odds Boost
Try golf betting at DraftKings
Draftkings sports mobile
DraftKings mobile sports betting

Being one of the best betting sites in North America, it is no surprise that DraftKings offers a special welcome bonus to newly registered players. Every regional sportsbook is different (the US sportsbook vs the Ontarian sportsbook), but we’ll focus on the former to give you an idea of what to expect when you sign up.

Mad March offer

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.

1.
Sports Bonus
Deposit Bonus
20% up to $1000
Min. Deposit: $5
Cashable: Yes
Odd: -
-
T&Cs apply, 21+
2.
Sports Bonus
Welcome Bonus
No Sweat Bet up to $1,500 + NBA SGP Every day of the playoffs
+ All-Customer SGP Insurance
Min. Deposit: $5
Cashable: No
Odd: -
-
T&Cs apply, 21+

How to Claim the DraftKings Welcome Bonus

Before claiming the DraftKings Welcome Bonus, we recommend reading the terms carefully to avoid hassle since that’s where all the important information lies.

The DraftKings Welcome Bonus is an excellent offer; hence, it is best if you follow all the steps correctly, as you don’t want to miss out. Fortunately, you can claim the offer by referring to our easy step-by-step guide below:

  1. Sign Up and Create a DraftKings Account
    Begin by clicking the green “Sign Up” button after landing on the DraftKings homepage. This takes you through a quick, four-step process where you must provide your name, phone number, address, and date of birth.
  2. Verify your Account
    As part of the routine verification, DraftKings needs to ensure your identity and that you are of legal age. If needed, be prepared to provide supporting documents. Finally, download a geolocation plug-in or enable it on your phone to ensure legal betting in allowed states.
  3. Make your Initial Deposit
    Navigate to the wallet/cashier section to find a variety of secure payment options to choose from. Upon selecting your preferred payment method, you’ll be prompted to enter the relevant details and the desired deposit amount (at least $5 or more).
  4. Place a Bet on Any Eligible Market
    After making your initial deposit on DraftKings, place a bet of $5 or more on any market of your choice. To do so, navigate to the sports section of the platform, select your preferred market, set your stake at $5 or higher, and finalise your bet.
  5. Receive your Bonus
    You will receive $200 in Bonus Bets, credited in eight separate $25 increments. Moreover, it is worth noting that you won’t need a DraftKings bonus code to activate this promotion.
  6. Enjoy your Bonus
    You can now use your DraftKings bonus bets across various sports markets.

Ways to Maximise Using the DraftKings Offers

While the welcome bonus is appealing, having a sound strategy in place is always a good idea and can ensure a more rewarding betting experience. With that in mind, we have many strategies in stock to guide you further and help you make the most of the DraftKings promotions. Take a look at the tips below and see if they improve the quality of your betting experience.

Diversify your Bets

While the bonus provides an instant boost, consider diversifying your bets across different sports markets. Adopting this approach allows you to prolong the time you spend betting while ensuring you don’t risk too much of your bankroll on just a handful of bets.

Understand the Expiration Date

The Bonus Bets come with a seven-day validity period, measured from when the bonus funds are placed in your account. The terms and conditions go one step further to mention that those seven days are measured exactly as 168 hours, which means that they take the countdown quite seriously.

Avoid Cash-out Strategy

DraftKings offers cash-out options for specific bets, and it’s a fairly common tool for smart betting. However, don’t even fantasise using cash out, as it will void your free bet credits.

Don’t Stress over the Outcomes of the Qualifying Bet

The qualifying bet, which requires players to wager $5 on a sporting event of their choice, is used to trigger the bonus. Regardless of whether your bet result is a win or a loss, the bonus will be credited immediately. Don’t stress over the outcome of this bet, as the bonus is worth it regardless.

Meet the Wagering Conditions

Ensure you note the 1x wagering requirement to withdraw any potential winnings generated from bonus bets. This means you must wager the entire amount of your bonus funds once before any bonus winnings become withdrawable.

FAQs About the DraftKings Bonus

🙋 How can I qualify for the welcome bonus at DraftKings Sportsbook?

To qualify for the welcome bonus, you must be a new customer, make an initial deposit of at least $5, and place a qualifying wager of the same amount. The bonus will be credited instantly in the form of bonus bets.

🌍 Are there any geographical restrictions for the DraftKings bonus?

Yes, eligibility for the bonus is tied to your location. DraftKings operates in specific states, and DraftKings bonuses are available to users in those states where online sports betting is legal.

🔎 Is there a specific promo code required for the bonus?

No, a specific DraftKings promo code is unnecessary to access this DraftKings bonus. Simply follow the sign-up and deposit process outlined by DraftKings, and you will automatically qualify for the offer.

🧐 Can I use the bonus bets on any sports market?

Yes, the bonus bets can be used on any eligible DraftKings sportsbook market. This flexibility allows users to explore different sports and events based on their preferences.

👀 Where can I view my bonus bets?

You can check the “My Rewards” section for all pending, placed, used, available, and expired bonus bets after you have participated in a promotion.

Additional DraftKings Bonuses & Loyalty Programs

Beyond the welcome bonus, DraftKings offers users an array of bonuses. These additional DraftKings bonuses are designed to reward players for their loyalty and keep them returning for more.

From ongoing DraftKings bonuses tied to specific sports events to special offers that coincide with seasonal tournaments and VIP perks, the platform spoils its users by regularly introducing bonuses that cater to the varying interests of its user base.

DraftKings VIP Program

The VIP Experience at DraftKings, known as the Dynasty Rewards, is an exclusive, invitation-only program catering to loyal players who choose DraftKings exclusively for betting. This VIP membership unlocks a range of benefits, including personalised DraftKings bonuses, a dedicated VIP account manager, priority customer support, monthly Crown accrual benefits, and tangible rewards like complimentary tickets to major sporting events and invites to exclusive gatherings.

The Dynasty Reward is a multi-tiered program featuring five levels: Bronze, Silver, Gold, Diamond, and Onyx. As you ascend the ranks, you can expect an upgrade in your betting experience with increasingly rewarding features and perks. To unlock these levels, you must accumulate a specific number of Crowns, DraftKings exclusive virtual currency. You can earn these points by placing real money wagers; every $1 you bet will reward you with a DK Crown. These points can be redeemed for DK Dollars through the Dynasty Rewards store or exchanged for money (500 Crowns = $1).

The following table shows the number of Crowns required to unlock each of the VIP ranks:

BenefitsBronzeSilver 5000 tier creditsGold 25,000 tier creditsDiamond 90,000 tier creditsOnyx 175,000 tier credits
Monthly Crown Accrual Boost
Weekly Prize Chest
Contests and Promotions
Priority Customer Support
Round-the-Clock Chat Support
Six Yearly Signature Dynasty Sweepstakes
Exclusive Live Experiences
Tier Reached Gift
Dedicated VIP Host
Onyx Elite Reward
Invites to VIP Events
VIP LevelRequired Crowns
BronzeBy invitation
Silver25,000 Crowns
Gold125,000 Crowns
Diamond500,000 Crowns
Onyx1,000,000 Crowns

Other Promos

Here are the bonuses and promotions that DraftKings offers that we saw; be mindful that offers are always subject to change:

NFL Weekend Parlay Insurance

Participate in DraftKings’ NFL Weekend Parlay Insurance by applying your Parlay Insurance Token to any 4+ leg traditional NFL parlay. If one leg loses and the rest win, you’ll receive your stake back as a bonus bet.

All Sport No Sweat

To activate the All Sport No Sweat promotion at DraftKings, apply your No Sweat Token to any 3+ leg Same Game Parlay (SGP) or Same Game Parlay X (SGPx) bet. If the bet you choose loses, DraftKings will credit your bet back as a bonus bet, up to $5. It’s important to note that this bonus expires seven days after issuance, and only one qualifying bet per user is allowed during the promotional period.

DraftKings Sports Bonus

Exploring the DraftKings Bonus

Draftkings mobile app
DraftKings mobile betting app
Draftkings Mobile Sports
DraftKings DFS betting

DraftKings offers promotions and bonuses to ensure users can make the most of their time on the platform.

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

In this guide, we will look into this bonus, explore its main selling points, share our experience, and help you grasp the full extent of the benefits it might bring.

Putting the DraftKings Bonus to the Test

To get a firsthand experience of the bonus offer and provide our audience with an unbiased DraftsKings bonus review, we decided to sign up and put it to the test. Registering with DraftKings was a breeze, and the user-friendly interface made navigation easy and convenient. We opted for the quick sign-up using email, and within a couple of minutes, all was set to explore the sports betting platform.

For the activation, we deposited $10 using a credit card and placed a $5 wager on an upcoming NFL game. One notable aspect was the absence of the need for a specific DraftKings promo code during the sign-up and deposit phases, which streamlined the entire process. As soon as our bet settled, the $200 bonus bets hit our account, allowing us to place wagers on our preferred sports markets without risking the remaining $5 deposit we had left.

Guarantee your Bonus Withdrawal

Firstly, it should be stated that all bonus bets received cannot be transferred into cash. According to the terms and conditions of the promotion, the bonus bets must be wagered 1x and the bonus amount will not be included in any returns or winnings. Any winnings won from wagering the bonus bets will appear as funds in your Cash Balance and can ultimately be withdrawn.

Also remember to make sure you are choosing Bonus Bet when you use your funds, otherwise your bets will automatically pull from your main cash account, and that won’t count towards your 1x wagering requirements.

Don’t Make Assumptions when Claiming Bonuses at DraftKings

A few key considerations can make all the difference. The following section explores potential pitfalls to avoid and offers strategic insights to help you maximise the potential of this exclusive bonus.

  • As stated before, be mindful of the 168 hour (7-day) validity period for the DraftKings bonus. Say you got your bonus at 1pm; this means that at 1pm on the 7th day, your period officially expires. Don’t assume that you’ll have til midnight of that day.
  • Similar to the last point, be mindful of the time zone. Not all US states fall within the same timezone and be careful if you’re dealing with EST, PST, etc.
  • Remember that only your first placed wager of $5 or more qualifies for the bonus. However, another way to look at that is a minimum of $5. Depositing more than that won’t guarantee you any more or any less bonus credits, so you might as well commit less so you can use your bonus credits to test out the site first.

Our Final Thoughts on the DraftKings Bonus

Considering you only need to deposit $5 to take full advantage of this welcome offer, it is hard to imagine coming across many better sports betting bonuses available on the market. $100 in bonus credits with a 1x rollover is a great way to familiarise yourself with DraftKings before you make a more substantial investment into your betting account.

The only area where this bonus could improve is perhaps extending the time use period to more than just a week, which is not really that long. Even so, this sportsbook bonus is a golden opportunity to play around with low risk. We fully recommend that you check out our DraftsKings review and consider signing up today.

DraftKings
Sports Bonus
20% up to $1000
T&Cs apply, 21+
-
PayPal
Play+
VIP Preferred
Discover
+6

Final Thoughts on the DraftKings Bonuses

In summary, DraftKings stands out for having some of the best bonuses for online betting. The $200 welcome bonus that can be claimed with a mere $5 deposit is certainly a rare find. The seven-day bonus validity is perhaps a little short, but as long as you are aware of that, no issues will arise.

Beyond the welcome offer, DraftKings keeps the thrill alive with diverse ongoing promotions, from NFL Weekend Parlay Insurance to the exclusive Dynasty Rewards VIP program. Elevate your betting journey and claim your DraftKings bonuses today for an unmatched online sports betting experience.

BetMGM
Sports Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply, 21+
-
PayPal
PayNearMe
Play+
VIP Preferred
+9

DraftKings Bonus FAQ

👍 Is the bonus available to everyone?

The bonus is available to first-time DraftKings customers physically located in eligible jurisdictions.

🕢 How frequently does DraftKings offer such bonuses?

DraftKings bonuses and promotions can vary from time to time as the platform consistently provides incentives to both new and existing users.

🤔 What happens after I place my qualifying wager?

You’ll receive $200 in Bonus Bets instantly after your qualifying bet settles in most cases. In case of any complications, prepare to wait up to 72 hours. .

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