DraftKings Sportsbook Promo Codes & Offers
DraftKings has gained a reputation for launching a wide variety of exciting promotions as it battles to become the No. 1 sportsbook in America. It’s 2020 merger with white-label provider SBTech and a special purpose acquisition company led to it going public on the NASDAQ.
That left the business with a very healthy cash balance, and it has invested heavily in promotional credits to draw new customers. You will therefore benefit from compelling welcome bonuses, a range of ongoing DraftKings promo offers, a loyalty program, odds boosts, free bets and more. That said, the flagship DraftKings sign-up promo code offer looks a little underwhelming. It takes the form of a 20% match deposit bonus worth up to $1,000, but it comes with an onerous 25x release requirement attached.
DraftKings Sportsbook Promo Code
The main promo code offer at DraftKings is a 20% match deposit bonus on the first deposit you make after registering for an account. The minimum deposit required is just $5, so DraftKings should appeal to casual bettors. The maximum bonus you can receive is $1,000, so you would need to deposit $5,000 of your own money to receive the full amount.
It is pretty rare for major U.S. sportsbooks to offer a match deposit bonus. For example, if you review BetMGM sportsbook or FanDuel, you'll find both offers a risk-free bet upon registration. That means you can place your initial wager and you will receive a refund – in the form of free bets – if it loses. The downside is that you only receive a bonus if you place a losing bet. With DraftKings, you earn a bonus regardless of whether your first bet wins or loses.
However, when you check the DraftKings promo code requirements, you will see that this offer has a 25x release requirement attached to it. That means it will release $1 into your wagering account for every $25 you bet, so it is essentially a 25x rollover requirement before you can withdraw anything from your bonus money.
A $2,500 deposit requires you to play through a cumulative total of $12,500 in sportsbook wagers at odds of -300 or longer to receive the maximum possible bonus amount of $500. You have 90 days in which to meet this release requirement. The funds will be forfeited if you do not complete the requirements in that time. Bonus funds are typically released within an hour of the bet being settled.
That 25x release requirement might sound burdensome, but it is worth remembering that DraftKings regularly runs additional sign-up bonuses in addition to this promo. One recent example allowed new customers to bet $1 at massively boosted odds of 100/1 (+10000) on a team scoring a single 3-pointer in an NBA game. Every team scores at least one 3-pointer in NBA games so that basically amounted to a $100 free bet upon registration.
Additional Offers from DraftKings
DraftKings more than makes up for high playthrough this by offering some attractive bonuses in conjunction with that match deposit welcome offer. It commonly offers a $1,050 welcome bonus, whereby it throws in a $50 free bet alongside the match deposit offer. At other times it essentially gives away a $100 free bet via its “Bet $1, Win $100,” which is explained in detail further down in this guide. These promotions are attractive to casual bettors.
It also provides a wealth of ongoing bonuses, contests and other promotions in a bid to reward existing customers and keep them from migrating to a rival, so you can earn a lot of added value by signing up for a DraftKings account. It is very rare to see an online sportsbook operator provide such a broad and varied range of bonuses. To learn more about the features, be sure to take a look at our review of DraftKings.
The bonuses simply cement its status as one of the best bookies sites in the country.
DraftKings has run very similar promotions tied to UFC events in the past, and it is highly likely to continue running these appealing bonuses in the future as it aims to emerge as the top online sportsbook in America.
You can claim these offers in conjunction with the deposit bonus at DraftKings, so there is a very strong incentive to sign up for a sportsbook account. You will then receive an ongoing mix of free bets, odds boosts and short-term DraftKings promo offers, along with automatic enrolment in the loyalty program, which is discussed in more detail below.
|DraftKings Promo Code||Click "Activate Promo Code" above (no code req)|
|Total Bonus||20% Match Deposit Worth up to $1,000|
|Part 2||$50 Free Bet or “Bet $1, Win $100” Offer|
|DraftKings Sports Offered||Football, Basketball, Baseball, Hockey, UFC/MMA, Soccer, Golf, Tennis, Australian Rules Football, Boxing, Cricket, Cycling, Darts, Handball, Lacrosse, Motorsports, Rugby League, Rugby Union, Table Tennis|
|Legal States||CO, IA, IL, IN, MI, NJ, PA, TN, VA, WV|
|Last Verified||May 9, 2021|
DraftKings No Deposit Promo Code
DraftKings typically gives away a $50 no deposit bonus alongside its flagship 20% match deposit bonus. You can also enjoy a $100 no deposit casino bonus at DraftKings, but the sportsbook bonuses require you to make a deposit of your own money to claim them.
The “Bet $1, Win $100” offers at DraftKings are also close to no deposit bonuses. At UFC 258, new customers that wagered $1 on either Kamaru Usman or Gilbert Burns to win were awarded $100 in bonuses if a punch was landed in the fight. A punch lands in every fight, so that was essentially a free $100 bet. You had to make a deposit of at least $50 to claim this offer, but you could claim the deposit match on that.
DraftKings then followed it up with a “Bet 1$, Win $100” bonus on an NBA team scoring a single 3-pointer in a game. Again, every team always scores a 3-pointer in pro basketball, so that was another $100 free bet. These DraftKings sportsbook promotions provide users with a great deal of extra value alongside the no deposit casino bonus and the match deposit bonus.
DraftKings Deposit Match Bonus
DraftKings will give you a 20% deposit match bonus when you fund your account for the first time. The maximum you can receive is $1,000, so a deposit of $5,000 is required to unlock the full amount. If you were to deposit $100, you would get a free bet worth $20.
You then have 90 days in which to complete a release requirement, whereby $1 will be released for every $25 you wager. As previously mentioned, DraftKings will generally give you a “Bet 1$, Win $100” promo or a similarly enticing offer alongside this bonus. It also provides a 100% match bonus worth up to $1,500 when you sign up for an online casino account, and there is a $500 deposit bonus up for grabs when you register for a daily fantasy sports account too.
Free Bets at DraftKings
Review DraftKings online sportsbook and you will see it has a long history of providing its customers with free bets. For example, on May 14, 2019, it celebrated the one-year anniversary of PASPA being overturned by giving away $514k in free bets.
The date was 5/14, and it gave each customer a $5.14 free bet, plus a variety of large odds boosts. Some lucky bettors received a $51.40 free bet, while some were given $514 or $5,140 in free bet credits. It was dubbed “Free to Bet Day”. This celebration of $5.14 free bets has continued all the way into 2021.
DraftKings sportsbook continues to dish out free bets as it grows in stature. You get a $100 free casino bet, and the “Bet $1, Win $100” sportsbook offer essentially amounts to a $100 free sportsbook bet. It typically gives away a $50 free bet alongside the 20% deposit match bonus when you sign up for a sportsbook account. Also, you should look out for short-term free bet offers around major sporting events.
How to Redeem a DraftKings Promo Code
It is quick and easy to claim your DraftKings promo code offer. Just follow these simple steps:
- Click on the link on this page to visit the DraftKings sportsbook site.
- Create a new DraftKings account by providing your personal details, including the last four digits of your SSN.
- Enter a DraftKings promo code if necessary, or simply opt-in to claim the signup bonus.
- Make your first deposit. The minimum required is just $5, and you have plenty of options to choose from, including credit card, debit card, ACH direct transfer, e-check, PayPal, Play+ prepaid card, PayNearMe or cash at the casino cage.
- DraftKings will match 20% of your deposit up to $1,000.
- You should then receive a free bet worth up to $50, or be able to enter a “Bet $1, Win $100” offer.
- The bonus funds will then be credited to your account.
- Complete the release requirement on the match deposit bonus funds and any wagering requirements on the free bet, and then you can withdraw the winnings you earn.
- Visit the “Promotions” page at DraftKings sportsbook for a list of the current offers that existing customers can claim for added value.
Check Bonus Funds on the DraftKings Mobile App
The funds should be credited to your account immediately after you make your deposit and claim the sportsbook promo code. You can then visit the “Active Bonuses” page on the app to check the status of each bonus. Your deposit and bonus money will be added together to form your bonus balance, and you must play through your own money to turn your bonus balance into cash. A “Bonus Status” bar will inform you of the release requirement progress you have made. Because the DraftKings app is considered to be one of the best betting apps, you can feel peace of mind in knowing the process of redeeming the code is very easy.
How long do bonus funds take to arrive?
The bonus funds are typically credited to your account instantly after you make your initial deposit. You must then play through the money you deposited to turn the bonus money into cash. It takes around one hour after each bet is settled for the money to be released into your wagering account. DraftKings is a lot quicker to release bonus cash than some of its rival online sports betting sites.
If you have any concerns, the customer service team will be happy to help, but everything is explained clearly in the bonus terms and FAQs.
Additional DraftKings Sportsbook Bonuses
DraftKings offers several additional sportsbook bonuses for existing customers. These promotions are available for bettors in New Jersey, Pennsylvania, Michigan, West Virginia, Colorado, Virginia, Indiana, Illinois, Tennessee and Iowa, and they should be available in other states when DraftKings goes live. The promotions vary throughout the year, but these are the sort of offers you can expect.
NBA Parlay Boost
You can opt in on this promotion to grab a 33% profit boost on any NBA parlay bets with three or more legs. Each leg requires minimum odds of -500, but that covers the vast majority of betting options. You must select the boost from your bet slip before placing your bet to apply the boosted price. If it does not appear, refresh the page or try opting in again. The maximum bet for this bonus is $25, and any additional winnings will be capped at $250. It includes pre-game and live bets, but not same game parlays.
Big Birdie Payday
This offer can potentially earn you a free entry into a $100k Golf DFS contest. You must opt in, and if there is a birdie on the 18th hole in the final pairing on the final day of the golf tournament, you will earn the free entry. This is a great example of DraftKings bringing its sportsbook and DFS offerings together to create added value for customers. There are various other big play paydays available throughout the year.
Daily Free to Play Pools
You can enter free sportsbook pools daily after signing up for a DraftKings account. You will climb the leaderboard if you are successful, and you can win cash prizes. You can also enter the DFS Pro Football Millionaire Pick ‘Em and Pro Football Millionaire Survivor Pool contests, with free DK Dollars – site credit – available for early bird entries.
No Risk – All Reward
DraftKings sportsbook customers will earn $100 in free credits by signing up for a DraftKings online casino account. This promotion is only available if you have a sportsbook account. You can also claim a 100% match deposit bonus worth up to $1,500 to use at the DraftKings casino, with a 10x rollover requirement attached. DraftKings casino is not available in every state.
Refer a Friend
If you refer a friend, you will both receive a free bet worth up to $100. Your friend must be a new customer, and he or she must make a minimum deposit of $25. If your friend deposits $100 or more, you will both receive $100 in site credits. Your friend can also receive the additional bonuses detailed above, such as the 20% match deposit offer and the free bets.
DraftKings Daily Fantasy Sports Promo Code
You will receive a 20% match deposit bonus worth up to $500 if you sign up for a daily fantasy sports account at DraftKings. This offer also has a 25x release requirement, so you would need to deposit $2,500 of your own money and then play through $12,500 in daily fantasy contests to receive the maximum possible $500 bonus.
The playthrough requirement must be fulfilled within 90 days of the date of your beginning deposit. After that date, you will be ineligible to earn any additional bonus money as part of this DraftKings promo.
Loyalty & VIP Program
You will automatically join the DraftKings loyalty program after signing up for a sportsbook account. You will earn loyalty points, which are called DraftKings crowns, by placing bets on sporting events. You can also earn crowns in the casino and DFS sections.
Players start off as Bronze members, but you will move up to Silver if you earn 500 crowns in a month. The next tier is Gold (2,000 crowns per month), followed by Platinum (10,000 crowns a month), Diamond (25,000 crowns per month) and finally Black (125,000 crowns per month). If you reach the Black tier, you will benefit from the full VIP experience.
Crowns can be redeemed for DK dollars – free bets with a 1x playthrough requirement – and each crown is worth around $0.0018. You can also use crowns to buy entry into DFS contests. You will also receive a daily reward by visiting the DFS section of the site. Visit the “My Rewards” section and you will see a green “Redeem” button.
DraftKings Promo Codes by States
DraftKings is intent on launching its online sportsbook in as many states as possible. Chief executive Jason Robins has stated his ambition of capturing a 20% share of the overall U.S. sports betting market, and that will require an aggressive rollout program across the country. It has already emerged as one of the top two or three sportsbooks in a number of states, and it is generally among the first online sportsbooks to go live when a new state legalizes sports betting.
Colorado sports bettors have been able to download the DraftKings app since 2020, when it launched on the license of the Twin River Casino group. The DraftKings bonus offers listed above are available for anyone in Colorado.
The company has an agreement to run retail sportsbooks at Wild Rose Resorts casinos across Iowa, and its online sportsbook has been available since February 2020. You can claim the company's deposit bonus using the promo code in Iowa.
DraftKings went live in Illinois on the license of Casino Queen back in August 2020. The company is keen to seize market share from local operator BetRivers and national rivals such as FanDuel, so it offers several bonuses for Illinois betting enthusiasts.
Indiana sports bettors can use the DraftKings sportsbook promo code to unlock a 20% match deposit bonus and then claim several ongoing offers throughout the year. The site launched in October 2019 after agreeing a deal with Ameristar Casino.
DraftKings was among the first Michigan sports betting sites to go live after the state permitted online sports wagering in 2020. It has a deal with Bay Mills Resort & Casino in Michigan, and you can use the sign-up promo code to claim your DraftKings welcome offer.
DraftKings New Jersey
New Jersey has emerged as the largest sports wagering market in the country. DraftKings was the first online sportsbook to launch in the Garden State, but it has had to battle hard to retain market share and fierce competition there. You can claim your DraftKings promo today if you are based in New Jersey and do not yet have an account.
DraftKings is one of the leading sportsbooks in Pennsylvania. It has a partnership with Meadows Casino, which allows it to provide online sports wagering statewide, and it has some enticing promotions available for Keystone State residents.
DraftKings launched its standalone app in Tennessee after the state permitted sports betting in 2021. You can claim the DraftKings deposit bonus and several short-term promotions if you download the app or visit the desktop site.
DraftKings was the second site to go live when the state rolled out its legal sports betting industry in 2021. The DraftKings signup promo code will earn Virginia bettors a 20% match on their initial deposit, then you can benefit from a suite of ongoing offers.
DraftKings West Virginia
DraftKings has been live in West Virginia since the start of the 2019 NFL season, and it is one of the state's leading sportsbooks. The DraftKings promo code entitles you to a 20% deposit match, and you should also receive some exciting free bet offers.
DraftKings Promo Code Arizona
DraftKings offers new customers a welcome bonus bundle worth up to $1,050. You will receive a 20% deposit match bonus worth up to $1,000 when you register for an account. DraftKings will also throw in a $50 no deposit bonus as an added sweetener. The bonuses come with pretty tough rollover requirements, but DraftKings does a great job of furnishing existing customers with a broad array of promos.
There are parlay boosts, sportsbook contests and free bets to take advantage of. The loyalty program allows you to rack up “crowns” for placing sports wagers, and they can later be redeemed for free bet tokens. The DraftKings’ promo code offer is consistent across the country, so it should be the same in Arizona. However, we recommend that you bookmark this page, and we will provide you with the exact details when the AZ sportsbook goes live.
DraftKings Promo Codes FAQs
What is the Best Promo Code for DraftKings?
The flagship bonus code at DraftKings earns you a 20% bonus on your initial deposit. However, the sportsbook also runs many more appealing promotions for new and existing customers, so visit bookies.com to see the best DraftKings promo code at any given time.
Do DraftKings Promo Codes Expire?
You will have 90 days in which to complete the release requirements after claiming the DraftKings welcome bonus. All other bonuses have an expiration date too, so you should check the terms and conditions on each offer.
How Often Does DraftKings Change their Promotions?
DraftKings online sportsbook changes its promotions on a very regular basis, which is exciting for customers. The main first deposit bonus remains consistent throughout the year, but the sportsbook launches a series of short-term offers to keep things interesting.
Will DraftKings Match Your Deposit?
DraftKings will match 20% of your initial deposit when you sign up for an account. Most of its rivals, like FanDuel Sportsbook, offer a risk-free bet as opposed to a deposit match, so this is a strong selling point for DraftKings.
How Do You Enter a DraftKings Promo Code?
You will be prompted to enter a DraftKings promo code 2021 during the registration process. If you do not want to claim a DraftKings sportsbook promo code, simply leave that box blank.
Can You Redeem a Promo Code on the DraftKings App?
You can redeem a bonus code after downloading the app. When completing the sign-up process, you will have the opportunity to enter a sign up promo code to unlock DraftKings bonuses. If you are an existing customer, visit the “Promotions” section of the app to see the current bonuses available.
How Does DraftKings Free Bet Work?
Your account will be credited with a free bet and then you have a certain period in which to use it. Once you have completed any rollover requirements, you can make a withdrawal.
About the Author
Martin Green spent five years working at William Hill before becoming a journalist in 2009. He has a degree in English Literature and he has edited a number of magazines, newspapers and websites during his career. He began working as a sports writer and professional tipster in 2014, and his work has featured in a large number of top publications across the web.