The bonuses and promotions on DraftKings are decent in our opinion, but a bit limited. Your first deposit rewards you with a 20% bonus and some free bets, while bringing friends can get you profit boosts depending on how much they deposit. Other than that, there are seasonal promos with limited durations, but just one was available at the time of writing this review.
Welcome Bonus
DraftKings rewards all new customers with $200 in bonus bets, issued as eight separate bets, $25 each. What you have to do to claim the bonus is deposit a minimum of $5 and place a bet with the same minimum amount. That’s your qualifying bet. Once settled, you’ll receive the bonus instantly, regardless of the outcome. This bonus is available in all 26 states where DraftKings holds licenses.
In addition to that, your first deposit gets a 20% bonus, up to $1,000. The bonus funds are site credits, valid only for use on DraftKings, and have no cash value. They can’t be withdrawn, transferred, or refunded. This bonus is available in all 26 states as well.
Bonus |
Offer |
Code |
Bonus Bets |
Bet at least $5 and receive $200 in bonus bets, regardless of the outcome of your qualifying bet |
No code needed |
Deposit Bonus |
Deposit at least $5 and receive 20% up to $1,000 |
No code needed |
Must be 21+. Please Gamble Responsibly. Visit https://www.draftkings.com for promotional T&C. All promotions are subject to qualification and eligibility requirements. Rewards are subject to expiry. |
Welcome Bonus Terms
The rewarded bets are valid for seven days. If you don’t use them within that period, DraftKings will void the reward. The bonus bets are not redeemable for cash, transferable, refundable, or included in any return of winnings. If you win one or more of them, only the profit from the winnings will be credited to your account.
Terms |
Details |
Wagering requirement (WR) |
N/A |
Minimum qualifying deposit |
$5 |
Maximum bet limit |
No limit |
Time to complete WR |
7 days |
Eligible betting markets |
All betting markets |
Maximum payout |
N/A |
For the deposit bonus, DraftKings will release $1 of the bonus funds into your account balance for every $25 played. You need to complete this playthrough requirement within 90 days to release the whole bonus amount into your account. The bonus funds don’t expire and have to be wagered 1x before withdrawal.
Promotions for Existing Customers
Beyond the welcome bonus, DraftKings Sportsbook offers several promotions to keep regular customers engaged in the long run. If you bring your friends over, you can receive hefty bonuses with the Refer a Friend program, as well as enjoy different seasonal promotions.
Refer a Friend
If you invite a friend by sending them your personal referral link, you may get up to ten 100% profit boosts. The invited friend needs to sign up using your personal link and make a deposit of $25 or more. The size of their first deposit determines your bonus. You are limited to inviting five friends per promotional period.
- If they make a deposit of $25-$49, you’ll receive 2x 100% profit boosts.
- If they make a deposit of $50-$99, you’ll receive 5x 100% profit boosts.
- If they make a deposit of $100 or more, you’ll receive 10x 100% profit boosts.
The maximum bet for each profit boost is $25, while the maximum additional profit you can make from the profit boost is limited to $275. This applies to net winnings only. Profit boosts are limited to a single use only and must be applied before you place a bet.
Promotion |
Offer |
Availability |
Refer a Friend |
Have a friend sign up with your referral link and receive up to ten 100% profit boosts |
IL, NY |
NFL Pink ‘Em |
Pick the correct answers for a chance to win $5K each week |
All 26 states |
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VIP Program
DraftKings features a five-tier loyalty program known as Dynasty Rewards, which you automatically become a member of as soon as you sign up. All your bets earn you Crowns, which can be redeemed for different rewards at the Dynasty Store, and tier credits, which are used to qualify for one of the four upper tiers. Remember that the same Dynasty Rewards program also serves the Golden Nugget online casino, and the same Crowns and tier credits apply.
Hitting a certain tier threshold earns you the tier for the current year and the whole of the following year. There’s a total of five tiers, each with increasing benefits, promotions, and gifts, as well as milestone rewards along the way. As soon as you sign up, you start with the Bronze tier, while the other tiers are the following:
- Silver – 5,000 tier credits in a year
- Gold – 25,000 tier credits in a year
- Diamond – 90,000 tier credits in a year
- Onyx – 175,000 is the requirement to be considered for the Onyx tier, but entry is through invitation only
Each tier carries its unique set of perks:
Bronze Tier
- Enjoy promotions at DraftKings and Golden Nuggets online casino
- Redeem Crowns for free play
Silver Tier
- Receive four 2x Crown boosts of your choice each month
- Earn Crown bonuses as you hit milestones with tier credits
- Get a jumpstart for the next year with up to 500 tier credits
- Enjoy tier-exclusive contests and promotions
Gold Tier
- Receive four 3x Crown boosts of your choice each month
- Earn Crown bonuses as you hit milestones with tier credits
- Get a jumpstart for the next year with up to 4000 tier credits
- Enjoy priority customer support
- Enjoy tier-exclusive contests and promotions
Diamond Tier
- Receive an annual gift of your choice
- Receive five 3x Crown boosts of your choice each month
- Earn Crown bonuses as you hit milestones with tier credits
- Get a jumpstart for the next year with up to 15,000 tier credits
- Get 24/7 chat support access
- Enjoy priority customer support
- Get access to exclusive live experiences
- Get invited to Dynasty Signature Sweepstakes
- You’ll be considered for a VIP host
- Enjoy tier-exclusive contests and promotions
Onyx Tier
- Receive Onyx elite rewards of your choice
- Receive five 4x Crown boosts of your choice each month
- Earn Crown bonuses as you hit milestones with tier credits
- Get a jumpstart for the next year with up to 15,000 tier credits
- Get 24/7 chat support access
- Enjoy priority customer support
- Get access to exclusive live experiences
- Get invited to Dynasty Signature Sweepstakes
- You’ll be considered for a VIP host
- Enjoy tier-exclusive contests and promotions
DraftKings appreciates your efforts at other sportsbooks and online casinos and gives you the opportunity to match your status from other loyalty programs to a corresponding tier at Dynasty Rewards. The following loyalty programs and statuses are supported:
Loyalty Status at Other Sportsbooks |
Matching DraftKings Dynasty Tier |
Caesars Rewards |
DraftKings Dynasty Rewards |
Diamond |
Gold |
Diamond Plus? |
Gold |
Diamond Elite |
Diamond |
Seven Stars |
Diamond |
MGM Rewards |
DraftKings Dynasty Rewards |
Gold |
Gold |
Platinum |
Diamond |
Noir |
Diamond |
ESPN Bet / PENN Play |
DraftKings Dynasty Rewards |
Preferred |
Gold |
Elite |
Diamond |
Owners Club |
Diamond |
FanDuel Player Club |
DraftKings Dynasty Rewards |
Legend |
Gold |
GOAT |
Gold |
BetRivers (iRush Rewards) |
DraftKings Dynasty Rewards |
10 |
Gold |
Elite |
Diamond |
Live! Casinos |
DraftKings Dynasty Rewards |
Black |
Gold |
Jade |
Gold |
Chairman’s Club |
Diamond |
If you don’t find your current loyalty program in the table listed on the DraftKings website, you may still be eligible for a tier match. You still have the option to submit a Loyalty Status Match Request to find out if you can apply your current status to a tier in DraftKings Dynasty.
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