DraftKings Bonuses and Promotions
Once you create your DraftKings account, you can make the most of some excellent bonuses and promotions. There’s a welcome offer for new players, and you can claim regular promos too. We’ve checked the terms and conditions ourselves and rate them as fair, but it’s a good idea to read through them carefully yourself before you claim.
| Bonus | Description |
| $1000 first deposit bonus | Sign up and make a first deposit which will be matched 20%. You can receive up to $1000 in bonus funds. |
| New customer bonus bets | Sign up and make a $5 moneyline bet. If your bet wins, you’ll win six $25 bonus bets to use. |
| Refer a friend bonus | Invite up to five friends and receive a $100 bonus bet for each friend that signs up and deposits at least $25. |
| Profit boosts | Opt in and claim a profit boost on your bets on selected competitions and markets. Up to 100% boosted profits on winning bets. |
| Daily pools | Free to play prediction competition with real cash prizes for those that reach the top of the leaderboards. |
DraftKings Sign Up Offer
DraftKings offers two different bonuses for new customers, allowing you to claim some bonus funds and potentially win bonus bets too. The first of these offers is the deposit bonus, which matches your first deposit by 20%. This is worth up to $1000, so you’ll need to deposit $5000 to claim the full value.
You won’t be able to withdraw your bonus funds, but for every $25 you wager, you’ll have $1 in bonus funds converted into real cash. In other words, you’ll need to wager a total of $25,000 to claim the full value of the bonus as cash. Wagers must be placed at odds of -300 or longer and need to be completed within 90 days of receiving the bonus.
While this offer is great, it doesn’t end there. All new customers can also claim up to $150 in bonus bets simply by placing a $5 bet on a moneyline market. To claim this cash promo, simply follow these instructions:
- Sign up to DraftKings and make a deposit
- Place a pre-game moneyline bet of $5 or more on any sport
- If your bet wins, you receive cash winnings along with the bonus
- Your account will be credited with six $25 bonus bets
- These bonus bets can be placed instead of real cash on any betting market
- If you win with a bonus bet, you’ll keep the winnings but lose the bonus
- You’ll have seven days to use these bonus bets after they’re awarded
Refer a Friend Bonus
Aside from the welcome offer, you can also claim rewards simply for referring your friends. If you invite a friend using the provided referral link, you’ll gain $100 when they join and make a deposit of at least $25. You can do this up to five times, but it’s worth noting that your friend must be completely new to DraftKings. If they’ve ever used the sportsbook, fantasy sports, or casino before, it won’t count.
Profit Boosts
DraftKings offers loads of regular profit boosts too, which increase your potential winnings from certain bets. You can find these boosts on the promotions page, and it’s possible to claim them simply by opting in and then placing a bet on the available market. Note that maximum bet limits apply when using these odds boosts, so it’s a good idea to check the terms before placing your bet.
Safety and Security
Whenever you sign up to a new sportsbook, it’s vital that you make sure it’s safe and has a good reputation. You want to make sure that your money and personal information are safe and that you can bet without worrying. Thankfully, DraftKings is licensed and has an excellent reputation, using 128-bit SSL encryption to keep your data safe.
DraftKings License
DraftKings is licensed in a lot of different states. You can legally sign up and start betting if you’re in any of the following states:
- Arizona
- Colorado
- Connecticut
- Illinois
- Indiana
- Iowa
- Kansas
- Louisiana
- Maryland
- Massachusetts
- Michigan
- New Hampshire
- New Jersey
- New York
- Ohio
- Oregon
- Pennsylvania
- Tennessee
- Virginia
- West Virginia
- Wyoming
Responsible Gambling
DraftKings takes responsible gaming seriously, offering lots of different resources and providing information and advice to those that need help with their gambling habit. In addition, the site features a list of helplines and support links that you can use to receive help. There are responsible gambling tools too, including:
- Deposit limits
- Wagering limits
- Time limits
- Self-exclusion
Payments at DraftKings
The banking process at DraftKings is nice and simple, with lots of payment methods supported for both deposits and withdrawals. There are no complicated limits, fees, or long processing times to worry about. However, the payment process may be affected by the method you choose.
Deposits
| Payment Method | Deposit Time | Fees | Minimum Deposit |
| Visa/Mastercard | Instant | Free | $5 |
| PayPal | Instant | Free | $5 |
| Skrill | Instant | Free | $5 |
| Venmo | Instant | Free | $5 |
| Online banking | Instant | Free | $5 |
| Play+ | Instant | Free | $5 |
| Cash at retail location | 20 minutes | Free | $20 |
Withdrawals
| Payment Method | Withdrawal Processing Time | Withdrawal Time | Fees | Minimum Withdrawal |
| Visa/Mastercard | 1-2 business days | 1-3 business days | Free | $20 |
| PayPal | 1-2 business days | 30 minutes | Free | $20 |
| Skrill | 1-2 business days | 30 minutes | Free | $20 |
| Venmo | 1-2 business days | 30 minutes | Free | $20 |
| Online banking | 1-2 business days | 1-3 business days | Free | $20 |
| Play+ | 1-2 business days | Instant | Free | $20 |
| Cash at retail location | Instant | Instant | Free | $20 |
DraftKings Betting Features
DraftKings offers lots of different features to make betting easier and more enjoyable. If you’re completely new to the world of sports betting, there’s an extensive guide on how to get started, with information on odds, placing your first bets, and more.
DraftKings Odds
DraftKings odds may not be the best on the market, but they’re generally competitive with the popular sportsbooks on major leagues like the NFL, NBA, and others. For the most part, their football odds offer the best value, with great odds available throughout the season.
You can bet on all major sports at DraftKings, and there are a huge number of available leagues and competitions to bet on. As well as football and basketball, you can also find lots of baseball, hockey, and soccer games. US teams, as well as those from other countries, are all available to bet on, and the full list of sports contains a lot of options.
Here are all the spots you can bet on at DraftKings:
- Aussie Rules
- Baseball
- Basketball
- Boxing
- Cornhole
- Cricket
- Cycling
- Darts
- Football
- Golf
- Hockey
- Lacrosse
- MMA
- Motorsports
- Rugby League
- Rugby Union
- Soccer
- Table Tennis
- Tennis
Betting Markets at DraftKings
Aside from a long list of sports to bet on, DraftKings also offers plenty of betting markets to choose from. The main leagues like the NFL, NBA, MLB, and NHL have the largest selection of markets, but big games in other competitions also have a lot of options that you can bet on. The type of markets available will also depend on the sport you’re betting on. Popular options at DraftKings include:
- Moneyline
- Point spread
- Total points/goals
- Half/quarter betting
- Player props
- Game props
- Parlays
- Same game parlays
DraftKings was one of the first major sportsbooks to start offering same game parlays, which let you combine multiple selections on the same game into one bet. This has become one of the most popular ways to bet, particularly for those that enjoy parlays.
Live Betting
Almost all major sportsbooks offer live betting, letting you place bets on games as they’re happening. DraftKings is no different, providing a huge range of live betting markets to choose from on big games. Live games can easily be found on the homepage, with upcoming games also shown to help you find the next betting opportunities.
When you open up a live game by selecting it on the website or in the app, you can view the latest stats, which are updated instantly. As actions happen in the game, the odds will change, and you can choose from a range of markets. Live stats can show you:
- Latest game actions
- All statistics and game events
- Head-to-head record
- Current tournament/league standings
- Current lineups
Live Streaming
DraftKings also lets you watch live streams of selected games and competitions. As long as you’re logged into your account and are in a location where live streaming is permitted, you’ll be able to catch streams of lots of different sports.
Watching sports live helps give you a better understanding of what’s happening and helps you decide what to bet on. While the major leagues aren’t covered, you can still enjoy live streams of leagues such as the German Bundesliga and Korea Baseball Organization.
Cash Out
Whenever a bet is live, you have the option to potentially cash it out early. DraftKings lets you cash out your bets if they’re live, claiming winnings early or protecting your stake on a losing bet. To use cash out, you simply need to check your bet slip when the game you’re betting on is live.
Cashing out is a great way to reduce losses if you feel like the momentum is changing in a game that you’re watching live. When you cash out, your winnings are calculated at the current odds, so you’ll win more if you wait, but there’s less risk of your bet losing.
DraftKings Usability
DraftKings is one of the most popular US sportsbooks, and its usability is one of the main reasons why. The site is incredibly easy to use, and it even offers comprehensive guides to anyone who’s new to sports betting. Signing up is very simple, with the process taking a few minutes at most. Once you enter your details, you’ll just need to verify your ID and your location before you can start betting.
After the sign up process is complete, finding what you want to bet on is straightforward, with all major events easy to find on the homepage. You can browse the list of sports to find what you’re looking for or use one of the quick links to major events and leagues. Additionally, you can search by a specific team to bring up all available games to bet on.
Mobile Betting at DraftKings
DraftKings is available on mobile devices too, and it’s very easy to sign up and place bets from your smartphone or tablet. The site is easy to use through a mobile browser, giving you full access to all sports, markets, and promotions. You don’t have to download anything to your device, but there is an app available too.
You can download DraftKings from either the App Store or the Google Play Store, depending on the operating system of your device. It’s quick to install, and you’ll be able to log into your regular account if you already have one. The app makes betting on the go even easier, and you can bet on any sport anywhere you like, as long as you’re within the borders of a state where DraftKings is licensed.
Customer Service
You can expect excellent service when using DraftKings, and the site has built a strong reputation for treating its users with respect. If you have any questions about betting or using the site, you can make use of the guides and help center. Most questions are answered on the FAQ page of the help center, and you can easily search for your problem. However, there’s also a support page if you require further assistance.
The support team is available 24/7, providing help and support to anyone that needs it. If your question isn’t answered by the FAQs, you can get in touch with the team through the live chat service. Additionally, you can send an email or use the social media page to raise an issue.
| Support Option | Details | Response Time |
| Help center | FAQ page | Instant |
| Live chat | 24/7 availability | Within a few minutes |
| Email support | [email protected] | 24 hours or less |
| Social media | Twitter: @DKSportsbook | 24 hours or less |
| Phone support | Call back request | 24 hours or less |
Final Thoughts
DraftKings is by far one of the best sportsbooks available. It’s become the leading betting platform in the US and is now accepted in almost every state with legal online betting. Signing up is simple, and you can get started on mobile or desktop. With a huge range of sports and markets to bet on, plus loads of excellent promotions, it’s well worth joining.
Quick Facts
| Promo code | None needed – claim today |
| Welcome bonus | 20% bonus up to $100 plus bet $5 to win $150 |
| Bonus terms | Every $25 wagered releases $1 in bonus funds. Bonus bets are valid for seven days. |
| Best feature | Same game parlays |
| Minimum deposit | $5 |
| Payout time | 1-2 days |
| Mobile app | iOS and Android |
| Legal in states | AZ, CO, CT, IL, IN, IA, KS, LA, MD, MA, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY |
| Live betting | Yes |
| Early cash out | Yes |
| Same-game parlays | Yes |
| Live streaming | Yes |
Pros
- Excellent mobile app
- Some great regular bonuses
- Secure and simple banking
- Lots of betting markets on the main leagues
Cons
- Low maximum bet limits when using odds boosts
- Odds are not always as good as other sites
DraftKings FAQ
Does DraftKings offer sports betting?
DraftKings started out as a fantasy sports platform but now offers sports betting too. You can sign up and legally start betting on sports, provided you live in a state where it’s licensed. You can check the license of any sportsbook by looking for the state gambling commission logo on the homepage.
Is DraftKings safe to use?
DraftKings is one of the most reputable licensed sportsbooks, and it’s considered extremely safe and trustworthy. It’s widely used by millions of sports fans across the country and has licenses in almost every state with legal sports betting. It protects your personal data using encryption and offers safe and secure payment methods.DraftKings is one of the most reputable licensed sportsbooks, and it’s considered extremely safe and trustworthy. It’s widely used by millions of sports fans across the country and has licenses in almost every state with legal sports betting. It protects your personal data using encryption and offers safe and secure payment methods.
Can I use DraftKings on mobile?
Yes, DraftKings is fully accessible on a range of different devices, including tablets and smartphones. You can log into your account through your mobile browser and access all of the sports, markets, and bonuses that are available on the desktop site. In addition, you can download a DraftKings app to your device for even easier access.
Are there bonuses and promos available at DraftKings?
Yes, you can claim loads of fantastic offers and promotions at DraftKings sportsbook. As a new player, there’s a generous welcome offer, but you’ll also get to enjoy regular profit boosts and free to play pools where you can win real cash prizes. Always read through the terms of any bonus before you try to claim.
How long do withdrawals take at DraftKings?
DraftKings aims to process all withdrawals on the same day, though you may sometimes need to wait a few hours. Your withdrawal time will then depend on which payment method you choose, with five working days typically being the maximum length of time you’ll need to wait.
Author
Tom Edlin is a senior author and contributor to SportsbookPromo.com. He's been writing and reporting on the US sports betting industry for years and has crafted hundreds of in-depth reviews and guides.
