In this review of the DraftKings new customer offer, we will show you that DraftKings offers a decent welcome bonus that can be used across all three of its product sites - daily fantasy sports, the sportsbook and the casino.
Throughout our review you will learn the full details on the operator’s welcome bonus and VIP program (using the US promotions as an example), as well as any DraftKings bonus codes that you need to know. By the end you should know whether or not these are the ideal offers for you. If you need more info, read our DraftKings reviews.
Intro to Bonus Offers - What You Can Expect to Find
In the various sections of this review, we will discuss a range of things you’ll need to know when it comes to bonus offers. This includes what to keep an eye out for when looking for bonus offers, what you need to do in order to best take advantage of them, the questions you are likely asking yourself about DraftKings’ current promotions, and finally what offers you will actually find over at DraftKings. But before all of that, we feel it best to give you an intro regarding the types of offers that are out there on the market.
After all, there’s little point in us jumping straight into information about the DraftKings new customer offer if you’re new to betting and you’re not sure exactly what any of this ‘promotions’ malarky is all about. So first thing’s first: let’s talk about the different types of bonus offers you may come across, as well as what makes them so useful (if that isn’t obvious already!)
We’ll use DraftKings’ closest competitors - FanDuel - as an example. This operator has a few promotions available for fantasy betting, sports betting, racing and casino games. These include a deposit match bonus, risk-free bets, a refer-a-friend program, bet insurance, free bets, and more. And all of that is offered by just one operator! If you like the sound of any or all of these promotions, you should read our dedicated FanDuel review!
20% up to $1000
T&Cs apply, 18+
There are a lot more types of bonus offers besides those offered by FanDuel. These include enhanced winnings, free spins, rebates, rewards points programs and even free cash, to mention a few.
The reason online betting sites offer new and existing customers these kinds of offers is surely clear. They appeal to us in the same way buy-one-get-one-free offers and percentage reductions do in the shops we frequent. Opportunities to win exclusive perks and extra cash is likely to entice anyone, and is therefore the perfect way to entice new customers to sign up and to keep existing customers coming back for more. After all, having more loyal customers is better for anyone’s bottom line.
Hence why it’s important that you research every operator that you like the look of before putting your time, effort, trust and money into it. Doing so will give you the best chance possible of finding the bonus offer(s) that best suit your needs.
So once you’ve finished reading through this bonus review on the DraftKings new customer offer, we recommend you take a look at some of the options offered by other operators. Why not start with our review on the current Fox Bet bonus code.
How To Use the Bonus Offers - It’s All About the Wagering Requirements
In this second part of our review, we’ll go through the important things you need to consider before using any promotion that looks - at least at first glance - worth investing your time and money into. These handy tips and tricks apply to most of the bonus offers you’ll come across, particularly the DraftKings joining offer, which we’ll discuss later.
Tips & Tricks
The most important thing that you should check when contemplating whether or not a bonus offer is worthwhile is the wagering requirements. The lower the wagering requirements are, the less of your own money it’ll take to get the most out of the bonus - and therefore the better the offer is.
If you’re not quite sure what the term means, ‘wagering requirements’ denotes a certain amount of your own money that you need to spend before you are able to withdraw any winnings linked to the bonus money you receive. Wagering requirements are usually stated as a multiple of either just the bonus amount or the bonus amount plus your deposit amount.
The average wagering requirement that you will come to expect in the industry is 35x. The maximum can be as high as 75x. Anything between these is considered relatively high, while less than 35x is of course relatively low in comparison. Though not a common occurrence, you may come across the odd promotion with the lowest possible wagering requirements - 1x. DraftKings’ deposit bonus doesn’t have wagering requirements quite as low as that, but it is still very low compared to the 35x average - but we’ll get on to that later.
If you’re scratching your head as you read this, don’t worry. It can be difficult to get your head around at first - or even if you used to bet but such things have slipped your mind for a while. So if you’re new to betting or you’re looking for a refresher, we’ll go through an example to help you better understand.
So imagine you’ve found a 100% match deposit bonus of $500 with wagering requirements of 25x the bonus plus deposit amount. $500 bonus + $500 deposit x 25 wagering requirements means you’ll have to invest as much as $25,000 of your own funds before you can withdraw any winnings you’ve earned.
There you have it. A bonus offer that may have originally seemed like a catch-free $500 bonus becomes much less enticing when you realize you have to spend a whopping $25,000 (plus your initial $500 deposit) before you can receive any profit.
As well as wagering requirements, you need to check any other bonus requirements that may be related to the bonus offer you may go for. These are usually something to do with a qualifying bet or qualifying deposit that you need to make in order to receive the bonus. They depend on the specific promotion, so be sure to check.
A minimum deposit may be needed to qualify for a bonus, or your sports bets may need to be made with a certain amount of money and/or at specified minimum odds in order to be eligible. Other common requirements are time limits, bonus codes, and eligible payment methods.
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Top 5 Expert Tips on Taking Advantage of the Bonus Offers - Trust Us, We Learned These the Hard Way!
In this section of our review we will go through our top 5 expert tips on the best way to make the most of any of the bonus offers we mentioned earlier - or any that we didn’t.
Readthe Terms & Conditions!
We briefly touched on this in our helpful tips and tricks in the above section, but it’s so important we thought it necessary to discuss it in more detail. So here goes: always read the terms and conditions and make yourself familiar with all of the promotion’s bonus requirements before committing to anything.
The wagering requirements, minimum deposits, eligible bets, minimum odds, time limits, eligible payment methods, bonus codes, and any other bonus requirements can be found in the promotion’s terms and conditions.
So take it from us and do yourself a favour by reading and fully understanding all of the terms and conditions before you end up shackled to a bonus that it turns out you can’t make the most of.
Yeah, we know, ‘I have fully read and accepted the terms and conditions’ is the world’s most common lie in the times of the internet - and let’s be honest, gambling is so popular because it is fun, while reading reems of technical jargon is anything but. However, taking your time to make sure you understand exactly what you’re getting yourself into is the best thing you can do to help your chances of gaining a profit. And if you don’t gain a profit in the end, all you’ve succeeded in doing is waste your time, effort and money. And who wants that?
Fulfill the Bonus Requirements!
If you don’t manage to fulfill all of the bonus requirements, your bonus amount plus any subsequent winnings will be forfeited.
20% up to $1000
T&Cs apply, 18+
Go to DraftKings
21 sports to choose from.
No specific betting limits listed.
Ability to bet in-play on most sports.
Don’t Rush Your Bets!
Fulfilling the bonus requirements within the time limit can be a difficult task. Imagine it: you’re required to spend thousands of dollars (possibly tens of thousands) with specified minimum odds, and you have to do it within anywhere from a week to 90 days. Even the best of us will surely feel the pressure.
The closer the deadline gets, the more it looms, the more likely you are to get careless with your bets. You may bet on a few long shots in the hope of winning big; you may not bother wasting time researching your wagers; you may look to sports and/or events you’re not familiar with (check our fourth expert tip) just to get those requirements fulfilled. But these actions only make it more likely for you to lose the bets you put on. And don’t forget, the more you lose, the less you end up getting from the bonus.
So don’t rush your bets! It’s important that you research every single bet you make, to be confident of the outcome (even if you do end up being wrong) before placing a wager. Better yet, come up with a betting strategy that suits you. Essentially, you need to have some kind of plan. That’s your best chance of winning. Otherwise, what’s the point in bothering with a bonus offer in the first place, if you just end up losing more money than you make by the end of it.
Remember that the time limit is judged from the moment you activate the bonus - when you make your first qualifying deposit or bet, or you opt in - so use the time before you activate it wisely, and come up with a plan in advance.
Stick to What You Know!
There are countless enticing promotions out there, many of which will be specific to one of the operator’s products - sports betting, casino games, racing, fantasy betting, poker and eSports are the usual ones. You may come across a certain offer that looks too good to give up, even though it’s for a product that you’re not as familiar with as others.
But as we’ve said multiple times, you have to fulfill all of the bonus requirements. Otherwise the whole endeavour is pointless. So you should stick to what you know. Think about it: if your expertise is eSports betting, and you aren’t used to casino games, it’s really not worth trying your luck with a promotion exclusively for casino games. Doing so will make it much more difficult to make a profit.
Don’t Settle For the First Decent Offer You Come Across!
As we’ve already said, there are so many promotions out there, each with its own benefits and flaws. A bonus that is ideal for one person will be the opposite for another. It all depends on your specific betting needs. So don’t settle for the first one that turns your head. There are plenty more fish in the sea!
With that in mind, you may want to have a read through our eSports betting bonus review, which discusses a range of options available to you.
Frequently Asked Questions - Top 5 Things Everyone Wants to Know
Who Can Take Advantage of the Bonus Offer?
DraftKings’ welcome bonus, as the name suggests, is only for new customers - anyone who doesn't yet have an account with DraftKings. This may be different depending on your region, so it’s worth checking out.
Do You Need a DraftKings Bonus Code?
There is no DraftKings promo code required for the current welcome offer. However, the case may be different for another promotion in the future. So again, always read the terms and conditions to make sure.
Is DraftKings Reliable?
According to US law, there are a number of strict rules and restrictions that a US-based operator must adhere to. For example, an operator must either have at least one existing physical location in the state or partner with one that does. DraftKings fully complies with every stipulation in all 11 states it presently operates online in. Furthermore, the operator uses 256-bit encryption.
Which Payment Methods Can You Use at DraftKings?
The payment methods available at DraftKings include:
Online Bank Transfer
Prepaid DraftKings Play+ Card
Cash at the Casino Cage
The minimum deposit is $5, while the minimum withdrawal is $20. Withdrawals are processed from Monday to Friday between 9am and 5pm, Eastern Time. It can take up to 3 days for the operator to process your withdrawal, and then between 2 and 7 days for the funds to appear in your account. There are no transaction fees.
What if I Have a Problem With the Welcome Offer?
For the daily fantasy sports site, there is an email address and a query form. The support staff are available 6am - 11:59pm every day. The sportsbook also has an email address and a query form, but its support staff is available 24/7. The casino doesn’t have an email address, only the query form - also available 24/7.
Unfortunately, there is currently no live chat feature - by far the most useful customer support option. There isn’t phone support either, which although less common than live chat, is still good to see.
Rewards & Loyalty Program - The VIP Program Is Invite-Only, Though There Is Also a Refer-a-Friend Scheme
Before we go through the DraftKings new customer offer, we’re going to mention a couple of promotions aimed at existing customers. These are bonuses that DraftKings offers in the US. Promotions can vary depending on region, so if you are betting outside the US, there may be different offers available to you.
First of all, there is a refer-a-friend scheme called ‘Get a Free Bet’. Once each friend creates their account and makes their first deposit, both you and they will earn a prize. Here’s how the prizes work:
If your friend deposits $25-49, both of you will receive a $25 free bet.
If your friend deposits $50-99, both of you will receive a $50 free bet.
If your friend deposits $100+, both of you will receive a $100 free bet.
This DraftKings Refer a Friend promo scheme is limited to 5 referrals per offer period. To qualify, the friends you refer to the operator must not already have a DraftKings account; and they must sign up to the site using your personal referral link. Free bets are valid for 30 days.
As for the invite-only VIP program, this is only available to the most loyal of DraftKings’ customers. The only way for you to receive an invite is through long-term frequent play.
This is similar to most VIP programs. Essentially, you earn loyalty points (called ‘crowns’) by spending money. As you earn crowns, your loyalty level increases (there are 6 tiers, from bronze to black). The higher your loyalty level, the bigger and better your rewards.
The problem with this VIP program is that it’s invite-only. Most operators have almost identical programs that are available to all customers.
20% up to $1000
T&Cs apply, 18+
DraftKings Esports Bonus
Esports Section Is Temporarily Closed.
DraftKings eSports Bonus
Bonus Intro - A Match Deposit Bonus up to $1000, But It’s Only a 20% Match
Although the heading of this section is ‘eSports Bonus’, the DraftKings new customer offer can be used on any of the operator’s product; so you can also consider it as a DraftKings sport bonus or a DraftKings casino bonus, depending on your preference of product.
With the welcome bonus, you can receive up to $1000 in bonus money on your first deposit. The bonus amount is equal to 20% of your first deposit (minimum $5). So you’ll have to deposit $5000 to get the full $1000.
For a betting website that offers a 100% match bonus up to $1000 (plus a $25 free bet), read our dedicated review on the BetMGM sign up bonus code.
20% up to $1000
T&Cs apply, 18+
Reality Test - Very Low Wagering Requirements
The wagering requirements are 5x your deposit (or 25x your bonus amount). So if you deposited the full $5000, you’ll need to spend $25,000 to fully play through the requirements.
Bonus Withdrawal - Make Sure You’ve Fulfilled All of the Requirements First
If you withdraw any of your bonus funds before fulfilling the stated requirements, the funds you try to withdraw plus any subsequent winnings will be lost.
Pitfalls - Minimum Odds on Sportsbook Bets, as Well as a Time Limit
The offer is only eligible on your first deposit after you create an account. (Don’t forget, you don’t need a DraftKings bonus code.)
If you decide to place sports bets with your bonus money, the minimum odds are -300 (1.33). You have 90 days from your first deposit to fulfill all of the bonus requirements.
20% up to $1000
T&Cs apply, 18+
Verdict on Bonus - More Beneficial for High-Rollers Rather Than Low-Stakes Bettors
So just to get $1000 in bonus money and any subsequent winnings, you need to spend a total of $30,000 ($5000 deposit plus $25,000 in wager requirements).
It’s unlikely that low-stakes bettors will find this DraftKings new customer offer useful. Even if you deposit $50 for $10 in bonus money, you have to spend $250 in wagering requirements. Not really worth it for ten bucks. High-rollers, on the other hand, will probably find the offer more beneficial.
Overall Conclusion - A Decent Bonus That Can Be Used on Fantasy, Sportsbook or Casino
Now you know everything you need to know about bonus offers, from the various promotions you can find on the market to exactly how to best take advantage of any bonus you choose to commit to, as well as specific information on DraftKings and the welcome bonus it currently offers.
As for the DraftKings new customer offer (the one available to US customers, at least) is decent, though unfortunately not everyone will be able to make the most of it. The bonus has a higher monetary value than most welcome offers, and the wagering requirements are far lower than average; but what makes this promotion problematic is that you only get a 20% match on your deposit. That is unusually low.
DraftKings New Customer Offers FAQ
🏅Is DraftKings one of the top operators on the market?
There are countless operators on the market, with more joining the industry each year. Some will suit your particular needs better than others, so you should learn everything you can about a few different operators before choosing the one for you. Check out our reviews to find out more about DraftKings.
💸What welcome bonus does DraftKings currently offer?
Online betting sites are always trying to one-up each other by adding and improving their bonus offers. You can find up-to-date info on DraftKings’ current welcome bonus - including any DraftKings promo code required - in our dedicated review.
🌟Is DraftKings reliable?
With the recent rise in scam betting sites, it is now more important than ever to find an operator that you completely trust. You can find everything you need to know about DraftKings’ trustworthiness by reading our reviews.
We’re here to talk about the DraftKings Arizona bonus.
It’s one of the biggest deals in the Grand Canyon State and it could work out to give you up to $1,000 in credit to play with. So sign up to this betting site and get your DraftKings Arizona sport bonus!
You are going to love the DraftKings New Jersey bonus.
Why? Well, it’s not one of those lame risk-free bet deals, but instead it could give you $1,000 in site credit to play with. Sounds good right? So get this DraftKings New Jersey sports bonus and start betting!
Pennsylvania sports fans rejoice!
There’s a massive DraftKings Pennsylvania bonus on at the moment that could give you up to $1,000 to play with just for making a deposit and putting down some bets. So you know what to do now. Get this DraftKings Pennsylvania sports bonus!
Hey! Check out the DraftKings Indiana bonus.
It’s a huge deal that could give you up to $1,000 in extra wagering credit. Perfect for betting on the Colts and Pacers. So sign up to this online sportsbook, put down your deposits and get your DraftKings Indiana sport bonus!
We think that you’re gonna love the DraftKings Virginia bonus.
After all, it’s a massive deal that could give you anywhere up to $1,000 in promo credit to play with. So make sure that you get the latest DraftKings Virginia sports bonus and take your bets up a level!
Take a look at the DraftKing Iowa bonus!
It’s a deal that could give you up to $1,000 in site credit and all you have to do is to put down a deposit and a few bets. So don’t miss out on this DraftKings Iowa sports bonus!
There’s an awesome DraftKings Colorado bonus on at the moment.
It’s a deal where you can earn up to $1,000 in credit just for making a deposit and then putting down a bunch of bets. So get this DraftKings Colorado sport bonus and take your bets to the next level!
Believe it or not, the DraftKings Illinois bonus could give you up to $1,000 in bet credit to play with.
All you need to do is sign up, make a deposit and then put down some bets. So make sure that you claim this DraftKings Illinois sports bonus!
All sports fans are gonna love the DraftKings Louisiana bonus.
After all, any deal that could give you up to $1,000 in site credit can’t be bad. So sign up this sports betting platform, claim your DraftKings Louisiana sports bonus and take your bets to the next level!
Get the DraftKings New York bonus and you could find yourself playing with up to $1,000 in bet credit.
Perfect for betting on the Jets, Bills, Giants, Knicks, Yankees, Mets, Nets, Islanders and everyone else in the Empire State and beyond. So pick up this DraftKings New York sports bonus!
Fancy a DraftKings Michigan bonus?
Of course you do! Well, the good news is that this is an amazing deal that could match your deposits all the way up to $1,000. So sign up to this online sportsbook and get the incredibly DraftKings Michigan sports bonus!
Wow! There’s an amazing DraftKings West Virginia bonus on at the moment.
It’s a deposit match deal that could give you up to $1,000 in site credit to play with. Truly an incredible deal! So drop what you’re doing and claim this DraftKings West Virginia sports bonus!
Check out the latest DraftKings Oregon bonus!
It’s an amazing deal that could give you anywhere up to $1,000 in promo credit to play with. That’s way bigger than most sportsbook deals. So sign up to this online sportsbook and claim the DraftKings Oregon sports bonus!
There’s a DraftKings New Hampshire bonus on at the moment and you’re gonna love it.
After all, it’s a deal that could work to give you up to $1,000 in credit to wager with. So sign up to this online sportsbook and get the DraftKings New Hampshire sports bonus!
We think that you’re gonna love the DraftKings Connecticut bonus as it’s a truly massive deal.
After all, any deposit bonus that can give you up to $1,000 in credit can’t be all bad. So sign up to this online sportbook and get your DraftKings Connecticut sports bonus!
The current DraftKings Wyoming bonus is a matched deposit deal that could give you up to $1,000 extra to play with.
That’s a massive deal that is too good to pass up. So make sure that you don’t miss out on this awesome DraftKings Wyoming sports bonus!
The DraftKings Tennessee bonus is a truly massive deal.
You can get this by putting down a qualifying deposit and from here your bets could earn you up to $1,000 in site credit. So sign up to this sportsbook and claim the DraftKings Tennessee sports bonus. Simply a great deal!
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