DraftKings Sportsbook Promo Code

by | May 13, 2024 | Sportsbook Promo Codes

Draftkings Sportsbook Promo CodeBonus Notes
20% Deposit Match bonus25x playthrough, $1 credited for each $25 wagered, valid on -300 or longer odds
$200 Free betsDeposit required. 8 free $25 bets credited after you place first bet.
Free DFS wild cardOne free wildcard per customer. Wildcard amount varies based on bet amounts.
$100 Casino credits1x playthrough, must be existing sportsbook or DFS player but new casino player. Must be located in NJ, PA, VA, MI
Valid sportbook statesCO, IL, IN, IA, MI, NH, NJ, PA, TN, VA, WV

About DraftKings Sportsbook

DraftKings is best known for their wildly popular daily fantasy sports games. They’ve since expanded their offering to include a full sportsbook and casino. DraftKings is a publicly traded US-based company operating out of Boston, MA.

DraftKings Sportsbook is available for online play in 11 states that have legalized online sports betting. These are the states and casinos where DraftKings can be found:

  • Mardi Gras Casino in Black Hawk, Colorado
  • Casino Queen Sportsbook in East St. Louis, Illinois
  • Ameristar Casino in East Chicago, Indiana
  • Wild Rose Casinos in Iowa
  • Bay Mills Resort and Casino in Brimley, Michigan
  • The Brook in Seabrook, New Hampshire
  • Resorts Casino Hotel in Atlantic City, New Jersey
  • Pennsylvania Gaming Control Board
  • Tennessee lottery
  • Virginia Lottery
  • West Virginia Lottery Commission

You must be physically located in one of these states when you bet sports online with DraftKings. Sports betting regulations differ from DFS betting regulations. The DraftKings website and mobile app will require precise geolocation from your browser or phone before you will be eligible to place bets. The DraftKings mobile app is available in the App Store and Google Play.

DraftKings Welcome Bonus

DraftKings welcomes new players to their sportsbook with $200 in free bets when they make a deposit then bet $1 or more on either college or pro football.  Simply make a deposit of $5 or more to your DraftKings account and place a minimum $1 bet on a NCAA or NFL football game.  After your bet is placed your account will be credited with eight free $25 bets.  The free bets expire after 7 days and are sticky with any free bet money withdrawn from your withdrawal amount upon cashout request.  Free bets are not valid for live bets, parlays, cashout bets, voided bets and odds boosts. 

As of this review no bonus codes are required any more.  All new players need to do to redeem this bonus is to simply make your first deposit of $5 or more and you’ll automatically receive the deposit bonus. 

To make your first deposit, select your desired deposit amount and payment method. DraftKings accepts Visa, Mastercard, and Discover credit cards, linked bank accounts, PayPal and Play+ casino cards.

$1,000 Deposit Bonus

DraftKings also offers new players using their mobile app a 20% deposit match bonus on their first deposit. The welcome bonus has a max amount of $1,000. Depositing more than $5,000 will not yield a larger bonus. The bonus is valid for play in DraftKings DFS, sportsbook bets of -300 or longer odds and casino game play. The wagering requirement has a rollover of 25x the bonus amount.

Wagering Requirements

That 25x rollover is used to calculate a wagering requirement.  For the $1,000 deposit bonus this is the amount of money you must wager before you receive the full bonus amount.  Unlike bonuses where you must playthrough the wagering requirement before you can cash out, $1 of the bonus is credited to your account for each $25 you play at DraftKings.  Regardless of when you receive the bonus money, the playthrough is calculated the same way.  Multiply your bonus amount by the rollover number to calculate the amount of money you must wager in order to receive the full bonus amount. With a 25x rollover for example, if you deposit $100 and receive a $20 bonus, the wagering requirement is $500 that must be played in order for you to receive the $20 deposit bonus.  

$20 (bonus) x 25 (rollover) = $500 wagering requirement

The bonus you get when you make your first deposit are site credits.  That means the bonus money must be wagered at DraftKings’s DFS contests, the sportsbook or their casino and cannot be withdrawn as cash.  Here are some other requirements that must be met for the bonus to count against completion of the wagering requirements:

  • Bets made with bonus money must be on events with odds longer than -300
  • Wagering requirements must be fulfilled within 90 days. After 90 days bonus credits will not be released to your account.

It’s always good practice to read the Terms and Conditions. Even though DraftKings is one of the biggest DFS and sportsbooks online you should still be familiar with the rules that affect your bonuses. This is especially important because each state may have different regulations, and while we go over the basic rules there may be specific regulations specific to the state you’re playing in that you should know about.

Other Sportsbook Promotions

In addition to the 20% welcome bonus and the $200 in free bets for new players DraftKings offers other sportsbook promos on a regular basis.  Promos can be free Wild Cards, deposit match bonuses, Odds boosts, or parlay boosts.  

An example of an odds boost is this week’s NFL kickoff boost.  If you opt in your odds on Christian McCaffrey to score the most regular season rushing TDs will be boosted by 1200.  

Many of these promos rotate weekly so make sure to check in on the Promos tab to stay on top of latest offerings from DraftKings

Depositing Money

You can use the following payment methods to deposit money into your DraftKings account:

  • Credit cards (MasterCard, Visa, Discover)
  • Linked bank accounts (through Trustly)
  • PayPal
  • Play+ account cards
  • ACH payments
  • Wire transfers

Select your preferred payment method and enter your deposit amount.  Once you’re in , then enter your payment information.  Once you tap submit your payment will be sent electronically.  If you live near a casino that takes Play+ cards you can fund your Play+ in a brick and mortar casino or online, making the Play+ card the most flexible payment option. 

For more info on different payment methods available in DraftKings’ mobile app check out our review of DraftKings’s mobile app here.

Withdrawing Money

Withdrawals at DraftKings Sportsbook is different from withdrawing from their DFS product.  The good news is that if you’re already a DraftKings DFS player their sportsbook actually has more payout options:

  • Linked online bank accounts (through Trustly)
  • PayPal
  • Play+ card
  • ACH e-check
  • Wire transfers
  • Cash (only at Resorts Casino in Atlantic City)

We mentioned the Play+ card as a flexible option for deposits.  The same applies here for cashouts.  At DraftKings you can request payout to your Play+ card.  From there you can either cash out at a Play+ casino or you can take that money to play other games.  It’s a pretty cool option and one we recommend.  Payouts to Play+ cards are instant.  

For most withdrawal methods a previous deposit must have been made using the same account / method.  Additionally, your account must be validated.  Payouts are typically processed within 5 business days. 

Here are the minimum and maximum withdrawal limits for each method:

  • PayPal: Min $10, Max $60,000
  • Play+: No Min, Max $50,000
  • Online banking: No min, Max $100,000
  • ACH: No min, Max $100,000

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Draftkings Sportsbook Promo Code
Average rating:  
 1 reviews
 by JamiPeng22
No more codes? Nice!

Not gonna complain about redeeming bonus codes. Can you opt out of bonuses? 25x rollover is a lot to get that deposit bonus, espcially since it's not up front!