DraftKings Daily Fantasy Promo Code 2024: How to Claim $500 Bonus

If you’ve heard about DraftKings' $500 new customer bonus, I’ll tell you right now that it’s worth claiming. Yes, it has 25x playthroughs, but claiming it is easy—there is no need to enter a DraftKings Daily Fantasy promo code.After signing up and depositing at least $5 into the sportsbook, you get up to $500 in DK dollars. I explored the VIP Club, too, and found players have many ongoing rewards to look forward to. You’ll appreciate some of the tips I figured out as I tried to make the most of the welcome offer.
DraftKings Daily Fantasy: Pros & Cons
DraftKings Daily Fantasy: Pros & Cons
  • Huge welcome bonus
  • Easy-to-use standalone app
  • Massive prize pools
  • Several sporting contests
  • Overwhelming sports lobby
DFS
DraftKings Fantasy DFS
4.6/5
  • Wide range of contests with varied entry fees
  • Up to $1,000,000 maximum prize pools for NBA leagues
  • Dedicated social chat room for increased engagement
DraftKings Fantasy DFS Bonus
20% up to $500 + free $3 ticket
Promo Code
Go to DraftKings Fantasy
Get bonus now
Deposits & Withdrawals
PayPal
VIP Preferred
Play+
Discover
Bank Transfer
Visa
Mastercard
BankWire
Venmo
Applepay
American Express
Virginia
Players from Virginia accepted
18+ in most eligible states, but age varies by jurisdiction. Eligibility restrictions apply.
Payment Provider Deposit time Withdrawal time Safety Approval rate
PayPal instant 1 - 2 days very high High
VIP Preferred instant 1 - 3 days high
Play+ instant 2 - 5 days high
Discover instant high
Bank Transfer instant 1 - 3 days very high
Visa instant 1 - 3 days high
Mastercard instant 1 - 3 days high
BankWire instant 1 - 2 days high
Venmo instant 1 - 3 days some
Cash instant instant low risk
Applepay instant 1 - 3 days very high
American Express instant high
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Introduction to bonus offers – A generous Serving of free credits

DraftKings DFS bonusTo be competitive, online sportsbooks need to offer attractive odds and plenty of betting options. However, I’ve also learned that most bettors look forward to an incentive. With the DraftKings Daily Fantasy promo code, new customers get a 20% bonus when they make an initial deposit of at least $5.

You may have come across seemingly more appealing bonuses that award 100% of the deposit, but this offer is quite worth it. You receive up to $500 in DK dollars. A DK $ is a site credit that you can use to play fantasy sports and other markets on DraftKings.

Please note that some offers may vary depending on your place of residency. For location-specific bonus offers be sure to check out the banners on this page.

DraftKings Fantasy
DFS Deposit Bonus
20% up to $500
+ free $3 ticket
18+ in most eligible states, but age varies by jurisdiction. Eligibility restrictions apply.
Get Bonus

How to use the bonus – Simple steps to unlock the bounty

To claim this offer, you must be a new player residing in an eligible state such as Arizona, Pennsylvania, or New Jersey. The age restriction is 21, but in specific states, it’s 18. What makes the DraftKings Daily Fantasy bonus different is the fact that you have to complete the wager requirements before receiving the bonus.

The wagering requirement is also pretty significant, but I liked the low $5 minimum deposit. The other prerequisite for this bonus is that you must place bets with -300 or longer while the bonus is active.

Steps to claim the offer

  1. Sign up to DraftKings and enter the promo code.
  2. Make a deposit between $5 and $2,500.
  3. You must then wager 25x your deposit amount within 90 days.
  4. Receive DK dollars depending on your deposit. For example, a $50 deposit gets you 10 DK dollars.
  5. Since DK dollars are not withdrawable, you need to use them in DFS contests and then cash out your winnings.

Top 5 expert tips to take advantage of the offer – The best ways to enjoy your DK dollars

If you want to take full advantage of the DraftKings Daily Fantasy promo rewards, you’ve got to have a few tricks up your sleeve. The key thing is to understand the bonus T&Cs and not rush into any decisions. Here are five strategies to use your bonus.

Take note of the playthroughs

Compared to FanDuel fantasy promo code and other offers, the playthrough on this offer is rather complex, involving a bit of math. For instance, to get the max $500 in DK dollars, you need to wager $12,500 within 90 days. So, before making your deposit, you must consider if you can satisfy the subsequent playthrough before the bonus expires.

Check for eligible contests

Before claiming the bonus, check for eligible DFS contests. You do not want to make a deposit and then discover that there aren’t any interesting fantasy leagues for you to pick. Luckily, DraftKings offers the best of NFL, NBA, and MLB contests. Therefore, you probably won’t ever struggle to find something interesting.

Consider other bonuses

The sportsbook offers alternative signup bonuses with different conditions. I would encourage bettors to, first of all, check the promo code page and carefully assess various options on the table. In addition to the fantasy sports deposit bonus, DraftKings offers $150 in bonus bets. With this promo, the bookie instantly credits your account when you make a wager worth $5 or more. While this is not specifically meant for DFS, it may be a nice option for you. Nonetheless, check the availability of the offer in your region.

Go for a variety of betting options

Do not spend all your DK dollars in one place. Explore all the sports or DFS leagues available and spread out your wagers. You should also try to look for contests with competitive prizes.

Maintain your budget

Yes, the DraftKings Daily Fantasy promo code gives you an edge but you do not want to go overboard and wager more than you can handle. Remember that a bonus does not have any bearing on your chances of winning. So rather make the most out of your bankroll and spend it wisely on carefully selected sports wagers or DFS contests.

Frequently asked questions about the bonus – DraftKings promo terms demystified

To help you understand more about the DFS site and how the DraftKings Daily Fantasy promo code works, I have included some frequently asked questions.

1. How do I get my bonus DK dollars?

After opening your account, you must make a deposit of at least $5 and meet the wager requirements. This is 25 times your bonus amount. The sportsbook then credits your account with 20% up to $500 in DK. This means that a $5 deposit gets you $1 in DK dollars. Note that if you do not complete the wagering requirement within 90 days of opening your account, you automatically forfeit your DK dollars.

2. Is the DraftKings bonus offer available throughout America?

More than 20 locations are eligible for this offer. Nonetheless, there are several states from which players cannot use a DraftKings Daily Fantasy promo code. After carefully checking the bonus rules, I discovered that players in Massachusetts, Idaho, Washington, and other jurisdictions are ineligible for the 20% up to $500 DFS signup bonus.

3. Will my DK dollars be returned if I win?

Yes, if you win on the sportsbook, your DK dollar stake is converted to cash. So, a $10 DK bet at +100 odds pays out $20. However, when it comes to fantasy sports contests, the DK credits you use to pay your entry fee are not returned. Remember that this special currency does not have any monetary value and can only be used to play on the DraftKings platform.

4. Do I need to enter a promo code for DraftKings?

Yes, in order to receive the DraftKings welcome bonus, new players must opt-in and enter the relevant bonus code. You then proceed to make the qualifying deposit, which is $5. Make sure you have the correct code, as all bonuses come with an expiration date.

5. When will my DraftKings bonus be credited?

Claiming the DraftKings Daily Fantasy promo code is a fairly simple process but you will only receive your welcome bonus credit after making the qualifying deposit and meeting the wagering requirement. The fantasy sportsbook gives you 20% of your deposit amount in DK dollars. You can check your progress in the promotions section of your profile.

Additional Rewards & Loyalty Programs – Feel the Red-Carpet reception

The party is not only open to new players. Existing players also get their piece of the pie. For my DraftKings daily fantasy review, I spent a few moments exploring the VIP club. It seems so exciting, but qualifying for the program is not automatic. In addition to opening an account with the sportsbook, you have to apply and answer some questions.

In the Dynasty Rewards program, you can collect tier credits and rise to a higher tier within the calendar year. The sportsbook also gives certain customers Crowns. This is an exclusive currency that you may use in the Dynasty Store or to enter fantasy contests. You can also exchange these credits for DK dollars.

The entry level in the program is the Bronze Tier which requires up to 4,999 tier credits in a year. The Onyx is the highest and you need to accumulate at least 175,000 credits. The good thing is that you get to collect credits through fantasy sports, casino, or sports betting. There are exclusive benefits for you to enjoy, including special promotions, personal host, and invitation to private events.

More on DraftKings Daily Fantasy Sports bonus offer

Bonus Intro – Up to $500 in DK Dollars for DFS

As one of the top DFS sites in America, DraftKings offers an exciting betting experience for fantasy sports enthusiasts. As a new player, your initiation package is a 20% match deposit bonus of up to $500. The platform presents the bonus credit in DK dollars.

You can use a DraftKings Daily Fantasy promo code or just click the opt-in button. With a minimum deposit of just $5, the bonus accommodates bettors of all ranks. Nevertheless, I found the wagering conditions a bit steep.

Reality Test – Easy to Claim for casual players

In general, I think that the process of claiming the DraftKings welcome promo is straightforward. However, you must make sure that you are physically located in an eligible US state. The platform is geo-locked. I had no trouble setting up an account on the platform whatsoever, and it took me just a few moments to get started. Deposits are quick and easy with Visa and MasterCard as some of the banking options.

It was a piece of cake until I got to the wagering conditions. Unlike other offers, such asthe Underdog Fantasy promo code, this particular offer is only released when you meet the 25x playthrough requirement. To receive $1 in DK dollars, you must wager $25 in cash. This is not easy for beginners to grasp, but the good thing is that you can deposit as little as $5 to claim your bonus.

Bonus withdrawal – No huge hurdles to climb here

As a new player, this will probably be the toughest part of the bonus. After making your deposit and completing the wagering requirements, the DraftKings Daily Fantasy promo code gives you access to a bonus. But the casino credits your account in exclusive site currency known as DK dollars. This credit is not withdrawable.

So, you must then wager the DK dollars 1x in order to cash out. In DFS, if you use the DK $ credits to enter contests, all the winnings are transferred to your cash account. However, the entry fee won’t be returned as part of the winnings. You can then withdraw the money through your credit card or bank within a few days.

Although turning the bonus into a payout may take a bit of work, it is quite practical. And if you have advanced DFS skills, the bonus is well worth it.

Pitfalls & What to Avoid when Claiming Bonus – Quick tips on using the bonus correctly

The most important consideration here is the bonus validity. While you only need $5 as a qualifying deposit, you need to wager $25 within 90 days, or your bonus becomes void. So, before deciding on the qualifying deposit you wish to make, consider if you can fulfill the corresponding playthrough amount within 3 months.

Before you can celebrate the discovery of a DraftKings Daily Fantasy promo code, check if the particular offer is available in your region. Some offers may be restricted to a few US states. Another important thing is to provide accurate and sufficient information upon registration. Failure to provide your info may void certain bonuses.

DraftKings Bonus Verdict – An upgrade to an already excellent betting experience

If you are searching for a fulfilling DFS contest, the DraftKings Daily Fantasy promo code unlocks a series of possibilities for you. If you can forgive the rather complex wagering requirements attached to the bonus, this is quite a generous offer.

The sportsbook gives you free DK dollars which you can use to enter a variety of fantasy sports contests or bet on traditional sports. I also like the fact that the bonus is ideal for all ranks of players. Whether you’re a rookie or a pro, this bonus offers simply elevates your DFS game.

DFS Bonus
4.6/5
DraftKings Fantasy DFS Bonus
4.6/5
20% up to $500
Deposit Bonus
|
18+ in most eligible states, but age varies by jurisdiction. Eligibility restrictions apply.
DraftKings Fantasy
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Conclusion – Wide range of DFS games with excellent rewards

I am impressed by DraftKings’ generosity and how its welcome bonus improves the experience all-round. And it’s great that DraftKings follows up the welcome bonus with a VIP program where you can collect tier credits and access exclusive offers.

However, I do want to see more DraftKings legal states in the future. Although you need to complete 25x playthrough to get your bonus, this offer is quite sizable and fairly easy to use. You should consider playing on this platform if it's value you are after.

DFS Bonus
4.6/5
DraftKings Fantasy DFS Bonus
4.6/5
20% up to $500
Deposit Bonus
|
18+ in most eligible states, but age varies by jurisdiction. Eligibility restrictions apply.
DraftKings Fantasy
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FAQs

💰 Can I withdraw my DraftKings welcome bonus?

Yes, the bonus that you receive from DraftKings is in the form of DK dollars. This is exclusive site credit and is not directly available for cash out. Nonetheless, you can use the currency to enter DFS contests and withdraw your winnings without reservation. You can request your payout via credit card or bank transfer.

🎁 What bonus will I get if I sign up with DraftKings?

A new customer joining the sportsbook with a DraftKings Daily Fantasy promo code gets you 20% match deposit bonus up to $500. This means that if they make an initial deposit of $50, the fantasy sports platform credits their account with $10 in bonus credits. Customers may also find other bonus codes on DraftKings' Facebook and other social media platforms.

⚡ How can I check for bonus updates at DraftKings?

You can check your bonus wagering progress or confirm if you’ve opted in by opening your profile and selecting the View Promotions tab. To make sure that you don’t miss any updates, turn on notifications on your DraftKings app settings. For more details on all promotions, you can always contact customer service, which is available 24/7.

📜 Does DraftKings have a referral bonus?

Yes, if you invite a friend to join the sportsbook, you can claim $50 worth of bonus bets. You must share your referral link with your buddies. However, like all bonuses on this platform, the Refer a Friend promo is limited to specific US states.

🏈 What are my betting options with the DraftKings 20% bonus?

You can enter a variety of DFS contests and bet on the NFL, NBA, and other sports. You can even play in the casino if it's available in your region. In the sportsbook, the minimum odds for your bet are -300.

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Overall Rating
4.6/5
  • Bonus Offer
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  • Bonus Withdrawal
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DraftKings Fantasy Bonus Details
DFS
20% up to $500 + free $3 ticket
Type: Deposit Bonus
Requirements (WR): 25x Deposit
Min. Deposit: $5
Cashable: Yes
Promo Code
Go to DraftKings Fantasy
Get bonus now
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