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Betting.net / DraftKings Deposit Bonus 2024

DraftKings Deposit Bonus 2024

Draftkings first deposit bonus

Last Updated on May 14, 2024
Fact checked by: Jesse M Cox

Stow your tray tables and prepare for take off, as we prepare to tell you how you can start your DFS journey with a DraftKings deposit match of up to $500! Below you can find full details of the DraftKings first deposit bonus, including what it entails, how to claim it and how best to use it.

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What do you get with the Draftkings deposit bonus?

With the DraftKings deposit match, new customers can get a bonus of up to $500 to use on daily fantasy sports. To claim this bonus, all you have to do is sign up to DraftKings today and make your first deposit then start playing daily fantasy sports on the site. Then, your bonus cash will be released in batches the more you play up to the value of $500. You can easily track how much bonus cash you’ve earned by checking the bonus bar in the “Activate Your Bonus” section of your DraftKings account.

This is a daily fantasy sports bet, if you’re looking to check out a horse betting offer, then check out the TVG first deposit bonus here. Regular sports betting fans needn’t worry, as there’s also a DraftKings sportsbook deposit bonus, which we’ve provided you with details about below.

The DraftKings sportsbook deposit bonus 

When you create a new sportsbook account with DratKings, you can claim the sportsbook matched deposit bonus that’s worth up to $1,000. In order to qualify for this bonus, you only need a minimum deposit of $5. Simply sign up to the DraftKings sportsbook today, make your deposit and then DraftKings will match it with a bonus of 100% up to $50 plus 20% of your deposit up to the value of $1000.

Sounds good, but a little confusing, right? 

OK, so allow us to elaborate a little further. Let’s say that, for example, you sign up to DraftKings today and make your first deposit of $100. You’d then get a 100% match deposit bonus of $50, plus another $20 bonus (with that being 20% of your $100 deposit). There are, of course, a few terms and conditions to look out for with the DraftKings deposit match – but we’ll get to those a little later on.

For an alternative but similar offer, we recommend checking out the TwinSpires deposit bonus with us here at Betting.net. We usually use the bonuses available in the gambling hubs of New Jersey and Pennsylvania as an example, however you can also find betting deals and bonuses in legal gambling states right across the US.

What can you use the DraftKings deposit bonus on?

Technically speaking, there are two DraftKings deposit match bonuses to speak of – both of which we have detailed above. Firstly, there’s the DraftKings sportsbook deposit bonus, which as you just read above actually has two elements to it. Secondly, there’s the DFS deposit match bonus.

At the most basic level, what you can use each bonus on is pretty much self explanatory. The Sports betting bonus can be used to wager on a number of sports and betting markets within the sportsbook. The fantasy sports bonus can be used to play on daily fantasy sports on the DraftKings platform. Naturally, there are a few more details to smooth over, which we’ve detailed for you below.

Using the sportsbook bonus

When it comes to the DraftKings deposit bonus for the sportsbook, your bonus can be used to wager pretty much freely within the DraftKings sportsbook. There is very little in the way of restrictions when it comes to using your actual bonus cash in the sportsbook. There are a few things to look out for when it comes to meeting the turnover requirements so you can withdraw your bonus winnings as cash, but we’ll get to that in a little bit more detail later on.

For those unfamiliar with the product, the DraftKings sportsbook is excellent. As one of the number one sports betting and DFS brands in the US today, you’ll find a range of markets on all pro American sports leagues – and college sports, if they’re legal to wager on in your state.

With DraftKings, you can wager on everything from the NFL and NBA, to the NHL, MLB and the MLS. Additionally, you’ll also find a range of international sports and leagues – both popular and niche. From English Premier League soccer to Aussie rules football, they’ve got it all!

Using the fantasy sports deposit match with DraftKings

As you quite likely already know, DraftKings began life as a daily fantasy sports website, long before the federal ban was lifted on sports wagering in 2018. Alongside FanDuel, DraftKings still remains the biggest daily fantasy sports website in the US today. You can use your DraftKings deposit bonus to play for cash prizes in a number of fantasy sports leagues in tournaments. With DraftKings, you’ll find everything from fantasy football and soccer to fantasy golf – and all of it is bonus eligible!

What important terms do you need to consider with the DraftKings deposit match?

Before claiming the DraftKings first deposit bonus, or any form of betting promotion, there are always a few things that you should take into consideration. For starters, there are two different match deposit bonuses to choose from here. Therefore the first thing you need to consider is this – do you prefer sports wagering or daily fantasy sports?

An easy question to answer for some but not for others, however it’s very important to think about, as claiming one bonus to forfeit the other. Additionally, customers in certain states can also claim the DraftKings casino bonus – which adds a trick third choice into the mix.

Remember your budget

You’ve got to keep in mind the fact that we’re talking about a deposit match here, ladies and gentlemen. This isn’t the TVG free bet or a no deposit bonus. We have stressed this point to remind you that in order to get a bigger bonus, you need to deposit more money. It’s not worth stretching your budget just to claim a bigger bonus, as that will only put yourself in a hole. This is especially true when it comes to meeting turnover requirements further down the line – we’ve detailed how these work in the section below.

What state are you claiming the bonus in? 

Here at Betting.net, we’re always duty bound to remind you that the bonuses we mention may not all be available in your state. Even if gambling is now legal where you are, the bonuses may differ or DraftKings might not yet be available in your state. Additionally, certain states may also only have certain bonuses. The most widely available DraftKings service is the daily fantasy sports platform. This is followed by the sportsbook and finally the online casino.

We’ve provided you more details on DraftKings jurisdictions and restrictions below, as well as legal ways to work around them in order to claim the bonus that you want.

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The DraftKings deposit bonus restrictions – know before you bet

Terms and conditions are pesky, tricky things that nobody likes to read. However doing so is very important especially when it comes to online gambling bonuses in the US. Fortunately for you, we’ve done all the legwork for you and picked out the main restrictions to look out for with regards to the DraftKings deposit match. Below the list of restrictions, we’ve followed up with a few tips and tricks of how you can best use these to actually make the bonus work for your benefit.

The bonus terms and conditions – main highlights

State restrictions

We’ve already mentioned this above, but now we’ll explain in detail what state restrictions apply specifically to the DraftKings deposit bonus. The $50 DraftKings free bet and 20% deposit match is available to players aged over 21 in the following states:

NJ | PA | WV | IA | IN | CO | IL | TN | MI | VA

Play-thru requirement

The 20% DraftKings deposit match comes with a play-thru requirement of x25, that works slightly differently from the usual turnover or wagering requirements that you might’ve seen with other bonuses. How this works is that your bonus is released in $1 batches for every $25 you play with in the Draft Kings sportsbook, fantasy sports or casino platforms.

SMinimum odds

In order for your sports wagers and fantasy sports casino plays to qualify for the x25 play-thru requirements, they will have to be placed at odds of -300 or greater.

Time limits

With the $50 first deposit free bet, your bonus lasts for just 30 days. In order to receive your maximum 20% DraftKings deposit match bonus or the DFS bonus, the play-thru requirements will need to be met in 90 days.

How best to work within the restrictions and limits

State restrictions

Here, there’s not much to do other than to keep up to date and wait until legalized sports wagering and DraftKings arrives in your state. With certain states, the regulations do apply to those aged over 21 within state borders rather than state residence though. For example, if you’re physically inside the state lines of NJ or PA and over the age of 21, you can legally sign up to DraftKings, claim the bonus and wager online. Therefore if you’ve got a work trip to Philly coming up or a vacation to Atlantic City planned – you’re in luck!

Play-thru requirement

There’s a good and bad side to this unique type of play-thru requirement. Starting off with the positive, bonuses usually have a wagering requirement that has to be met entirely after the bonus has been used. Then if you fail to meet it entirely, you lose all the bonus. With this Play-thru, you still get to keep the bonus you’ve played through after the 90 days – you just don’t get the maximum.

Minimum odds

Nothing to really and try and work around here, -300 is pretty fair.

Time limits

Again, very little to complain about – 90 days is a solid time limit for a bonus plus play-thru. There’s also the fact that you’ll still get to keep whatever amount of bonus you’ve played through at the end of the 9- days, regardless of whether or not you meet the maximum. Once again, this is more than fair in our eyes.

Check out DraftKings’ other bonuses in 2024

The buck doesn’t stop with the matched deposit bonus – there are plenty of other DraftKings promotions out there for new and existing customers to enjoy! 

Casino fans can claim a welcome bonus of $100 risk free bonus credits. To make matters better, you only have to be new to the Draft Kings casino in order to claim this offer. This means that existing DraftKings and sportsbook and/or daily fantasy sports account holders can claim this bonus by opening a casino account!

There are also a number of free to play daily pools as well as special promotional dfs tournaments with cash prizes. Lastly, you can also get another DraftKings free bet worth up to $100 if you refer a friend to the sportsbook today.

Still shopping around for the best promotions, then check out more betting deals, new customer offers and bonuses here at Betting.net!

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DraftKings deposit bonus FAQ

🤔 How does the DraftKings deposit bonus work?

There are actually a couple of DraftKings deposit bonuses to refer to – mainly there’s the sportsbook deposit bonus and the daily fantasy sports deposit bonus. While similar, both work slightly differently and have different conditions and requirements. You can find all the details about the DraftKings welcome deposit offers here.

⌛ How long does it take to get a DraftKings bonus?

The timing of how and when you get your DraftKings bonus depends largely on what bonus you claim. For example, the free bet might come quicker than the deposit offer. Follow the link for details.

Many US bookmakers will match your first deposit up to certaining percentage and monetary amount in a bid to entice new customers into signing up with their site. Does DraftKings fall into this category and have such an offer? The experts here at betting.net decided to find out. Details are within./faq-item]

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