DraftKings Sportsbook rolled out their a new signup bonus for the start of the football season. It’s one of the first times they’ve switched from their standard “first bet match” promo they had been running since they launched a year ago.
And now with the pending launch of DraftKings Sportsbook in PA, they are switching things up.
New users get a risk free bet up to $200
I put this first because this is the most straightforward offer that will apply to new users. In a vacuum, it’s not as strong as other risk-free bet offers in the marketplace (typically $500), but it’s offset by the more attention-grabbing offer.
Up to $500 deposit bonus for new and current players
Lots of fine print on this one.
New and current users will receive a 50% deposit match up to a $1,000 deposit, maxing out in a total of $500 in bonus money.
That’s a lot. And combined with the $200 risk-free bet, there is the potential for $700 worth of bonuses.
However, for most players, it will be very difficult, if not downright unfeasible, to earn that full amount.
Here’s the fine print on the deposit bonus:
“After a user’s first deposit, that user is eligible to receive up to $500 in bonus funds in the form of site credits that can only be used on DraftKings. Bonus amount is equal to 50% of the user’s deposit amount (min. $5), not to exceed $500 (the user must deposit $1,000 to be eligible to receive the maximum possible bonus amount of $500). 10% of this bonus amount is instantly released into the user’s DraftKings player account and the remaining 90% will be awarded to the user according to the following play-thru requirement: for every $25 played on DraftKings, the user will earn $1 that is released into the user’s player account (e.g., If the user deposits $1,000 or more, the maximum deposit bonus amount is $500, of which 10% [$50] is instantly released into the account and then the user must play through a cumulative total of $11,250 in daily fantasy contests, sportsbook (-300 odds or longer) and casino products to receive the remaining $450 in bonus funds). The play-thru requirement must be met by 12/31/19 to receive the total, maximum bonus. After 12/31/19, a user is ineligible to earn any additional bonus funds through the play-thru requirement. Promo ends 9/16/19. First bet matched up to $200. Free bet must be used within 30 days of first bet. Free bet amount is not included in any returns or winnings. Free bet is also not redeemable for cash, non-transferable, and non-refundable. First bet promo ends 9/16/19”
In other words, only 5% of your initial deposit is instantly matched, with the rest being dripped out in $1 increments for every $25 bet.
DraftKings Sportsbook is our choice for Best In Show sportsbook– it offers the most action around, reasonable prices, and casino games. And while we tend to prefer straight deposit bonuses or extreme odds boosts as a signup promo, I alway found their $500 first bet match to be a good offer.
If you are a large bettor, then this new deposit bonus will benefit you. But the average bettor will benefit more with a $200 risk-free bet than the large deposit offer.