David Genge
Editor
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Last Updated on September 14, 2022
Fact checked by: Jesse M Cox
Table of Content
- What do you get with the Draftkings deposit bonus?
- What can you use the DraftKings deposit bonus on?
- What important terms do you need to consider with the DraftKings deposit match?
- Other Providers with great deposit bonus
- The DraftKings deposit bonus restrictions – know before you bet
- Check out DraftKings’ other bonuses in 2022
- Current Best Bonuses
- DraftKings deposit bonus FAQ
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.
60 Years of Betting
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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
How best to work within the restrictions and limits
Check out DraftKings’ other bonuses in 2022
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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