Great betting odds, a variety of markets, and a top-notch platform are all a part of the reason why, but the lucrative DraftKings Sportsbook Welcome Bonus is also a part of the equation.
As a new player signing up with DraftKings Sportsbook, you will be eligible for the welcome bonus, which is worth up to $1,000 in cold hard cash.
Keep reading to find out how to qualify for the DraftKings Sportsbook welcome bonus, the offer’s terms and conditions, and how to cash out the entire bonus into your real money balance.
How to Claim the DraftKings Sportsbook Welcome Bonus
All new players who sign up for a DraftKings Sportsbook account are eligible to claim the operator’s deposit bonus.
To get the bonus offer activated, you will need to create your account and make a first real money deposit into your account, worth at least $5.
The bonus is worth a total of 20% of your initial deposit, up to a maximum of $1,000. You must deposit $5,000 into your balance to claim the entire bonus.
It is important to note that only your first deposit will count towards the welcome bonus, meaning you will need to deposit $5,000 once to get the total bonus.
If you make a smaller deposit, you will still be awarded a bonus worth 20% of the deposited amount, whatever it may be. For example, if you deposit $1,000, you will be awarded a $200 bonus.
DraftKings Sportsbook Welcome Bonus Wagering Requirements
The big difference between the DraftKings Sportsbook welcome bonus and deposit bonuses you can get from some other operators is how this bonus is cleared. The DraftKings deposit bonus is paid into your account upon activation as bonus money. To turn this bonus money into real cash, you will need to make real money bets with the operator.
For every $1 of bonus money in your bonus balance, you will need to wager a total of $25 in real cash on DraftKings Sportsbook, DFS, or Casino platform.
All bets made across all DraftKings products will count towards your bonus, which means you can clear it by engaging in multiple types of online gambling.
You will have 90 days after the day you initiate your bonus to clear it in full. To clear the entire $1,000 bonus, you will need to make $25,000 in real money bets.
This makes the DraftKings welcome bonus different from risk-free bets issued by some operators or instant deposit match bonuses you can get from others, but there is also an upside.
First, the DraftKings Welcome bonus is more extensive than most other sports betting bonuses you can receive. Furthermore, once the bonus money is released into your real money balance, this money becomes real cash, which you can cash out or use in any way you see fit.
The DraftKings Sportsbook welcome bonus won’t give you a single bulk payment but relatively small incremental returns on the real money bets you make, whether they are winning or losing, which will add up over time and help you be a more profitable bettor over your first three months with the operator.
DraftKings Sportsbook Welcome Bonus FAQ
Who can claim the DraftKings Sportsbook welcome bonus?
All new players who sign up with DraftKings are eligible for the operator’s welcome bonus offer. You will need to live in one of the states where DraftKings is licensed for real money sports betting to activate and use the bonus to your advantage.
How do I qualify for the DraftKings welcome bonus?
To activate the DraftKings bonus, you will need to create an account and fund it with a deposit of at least $5. To get the full bonus value, you will need to deposit $5,000, giving you a $1,000 bonus.
What are the wagering requirements of the DraftKings Sportsbook bonus?
For every $1 of DraftKings Sportsbook bonus money you want to clear, you will need to wager a total of $25 on any DraftKings product, including Sportsbook, Daily Fantasy Sports, and Casino. The money will be released into your account incrementally over the first 90 days following the deposit.