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How does the DraftKings bonus work?
Effective March 1st 2016 – No DraftKings Deposit Bonus. Important Update to this page. We have been prohibited from advertising a deposit bonus at DraftKings as they are doing away with this. In the past, before March 1st, 2016 players did get a bonus. This page explains how they earned it. For example: if anyone is going to join DraftKings then he/she will get reward of 20% on first deposit. The maximum limit of reward is $500. The individuals who are interested in becoming a part of DraftKings should not forget to claim these bonuses, as they are generously offered to any new members who are signing up. 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.
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The first welcome bonus at DraftKings is as straightforward as it gets. Follow our link to create your new account, and you’ll receive $50 worth of free bets. Whatever money you win on those bets, you’ll be able to cash it out if you so choose.
Then you will have your initial deposit matched at a 20% rate up to a maximum of $1,000. That means that if you deposited $500, you’d get a $100 bonus, and so on.
Now, even if you deposit $5,000, that doesn’t mean you get an additional $1,000 in your account. Instead, for every$25 you play at the DraftKings Sportsbook, daily fantasy site or casino, you will receive $1 in bonus money into your account. And the bets must have odds of -300 or longer to be eligible.
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So, if you deposited $5,000 you would need to play through $25,000 to receive $1,000. And you have 90 days from the time of your deposit before the bonus expires.
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While there is a fair amount of fine print to understand, the DraftKings welcome offers are still solid. A lot of other online sportsbooks offer risk-free bets, which actually can amount to nothing if either your first bet is a winner or if your first two bets are losers. So, all things considered, we like the welcome bonuses at DraftKings Sportsbook.