DraftKings Sportsbook Welcome Bonus Promo Code

by | Mar 5, 2023 | Promo Codes, Reviews, Sports Betting

About DraftKings Sportsbook

After making a name for themselves in the DFS gaming market, DraftKings opened up their DK Sportsbook once online sportsbook wagering was made legal in the United States. Due to their high profile name, they have become one of the main go to for online sportsbook betting in the 12 states that DraftKings Sportsbook is able to operate.

As a gift to new DK Sportsbook players, there is currently a Welcome Bonus that can be claimed up to $1000!


Availability by State

Currently in the United States, there are 12 states where online sportsbook betting is allowed and these are the same states where local residents can access DraftKings Sportsbook.

If you have a DraftKings account, you will still need to create a DraftKings Sportsbook account. If you are in state that allows you to access the DK Sportsbook website, you will be allowed to create your account. DK Sportsbook does a thorough job of vetting your personal identity and location when you create your sportsbook account to make sure you are real person in that state.

  • Colorado
  • Illinois
  • Indiana
  • Iowa
  • Michigan
  • New Hampshire
  • New Jersey
  • Pennsylvania
  • Tennessee
  • Virginia
  • West Virginia
  • Wyoming

If you are not a resident within these states, you will be redirected to the DraftKings Daily Fantasy Sports website, where you will still be allowed to enter free and paid contests for a chance to win cash prizes in various sports. Due to the fast changing legal landscape of legalized online sportsbooks, we encourage you to sign-up on the DraftKings Sportsbook website for notifications for when sportsbook wagering will be available in your area.

Geolocation Verification

DraftKings takes the physical location of your account vary seriously. Not only do they verify your address location for creating a Sportsbook account, they also verify your physical geolocation when you access the DK Sportsbook on a web browser or mobile app. So whenever you make a deposit or place a wager for your bet slip, DraftKings will verify that your geolocation is in one of the allowed states where the DraftKings Sportsbook is allowed to operates. If you are outside of this area, you will be redirected to the DK Daily Fantasy Sports website, where you can still enter contests for your favorite sport for a chance to win cash prizes.

For example, if you live in New Jersey and took a trip to Boston, you will not be allowed to make a deposit or place a wager at the DraftKings Sportsbook until you return home. So if you are planning to go on vacation or work trip, make sure to place your wagers prior to leaving if you will be travelling to a state that does not allow online sportsbook wagering.

Welcome Bonus, up to $1000

As a gift to new players, DraftKings is offering new Sportsbook players a Welcome Bonus on your first deposit, good up to $1000. This 20% match bonus is a great opportunity for new Sportsbook players looking to give online sportsbook wagering a shot. Use this extra bankroll to increase your winnings if your wager is successful!

To claim this offer, NO BONUS CODE IS NEDDED. All you will need to do is click through this link to register for a DraftKings Sportsbook account. This will automatically make you eligible for the Welcome Bonus. If you sign-up directly or through other ways, there will be no way to claim this promotion after your account is created.

This promotion is a one time offer that is only available on your first ever deposit at the DraftKings Sportsbook. When you make a deposit into your account, it must be a minimum of $5 to receive the 20% match bonus. Since this Welcome Bonus has a cap of $1000 that you can receive as bonus, any deposit above $5000 will not receive any additional bonus. Take this into consideration when making your initial deposit.

Once the bonus money is deposited into your bonus balance, you will then need to release the bonus money by plaything through a wagering requirement within 90 days. For every $25 you play at the various DraftKings websites — Sportsbook, DFS and Casino — you will convert $1 of your bonus into your withdrawable balance. Once the bonus is converted, it is free for you to spend or withdraw as you please. For players that play on online sportsbooks or casinos, they are familiar with wagering requirements; but if you are new, you may want read our Wagering Requirement Conversion in the below section.

For a quick example on this playthrough, if you were to make an initial deposit of $10, the 20% match bonus you would receive is a $2 bonus. To convert this $2 bonus balance, you would need to wager $50 at DraftKings. Once you complete the playthrough, you would have converted all $2 of the bonus money into your withdrawable balance.

What You Will Need to Getting Started

To get started you will need to register for a DraftKings Sportsbook account. If you have a regular DraftKings account that you use to sign into the their Daily Fantasy website, you will still need to create a DK Sportsbook account and it will link to your existing account. Some players may be asked to submit verification documents to make sure you are still a resident of one of the states where DraftKings Sportsbook is allowed to operate.

As part of the required documents, you may be asked to provide a copy of your government ID card. You may also be asked to provide a recent billing statement or utility bill to show proof of current residency.

During the sign-up process make sure to sign-up with your real personal information and current addresses to speed up your verification. You will also be asked to provide the last 4-digits of your Social Security Number. Avoid using nicknames or any typos and make sure everything matches your identification card and billing statements.

DraftKings will use all this information to verify you are a real person currently living in one of the allowed states through their verification process. Once approved, you will be allowed to create a DK Sportsbook account and log into the Sportsbook specific website.

Now that you have read about the great Welcome Bonus and states where local residents can access DraftKings Sportsbook, we will walk you through how to create an account, how to make your first deposit and how to play.


Creating Your DraftKings Sportsbook Account

The first step to claiming the Welcome Bonus is to redeem the promotion by clicking on this DraftKings Sportbsook registration form link. This will take you directly to the DK Sportsbook sign-up form, which can be completed in under 2 minutes.

As we have stressed in this review, it is important to create your account with information as it appears on your identification card and billing statements. This will help speed up the process of getting verified without possibly needing to provide additional verification documents.

Make sure you only create a DraftKings Sportsbook account if you are resident of one the 12 allowed states. If you are in one the states where DraftKings Sportsbook does not operate you risk your DraftKings account being temporarily locked. You will be asked to contact customer service to verify your account information again to unlock your account.

Account Information Form

The first form will ask you to enter the account information you will use to log into the DraftKings Sportsbook website. It is best to store this information in a secure location and do not share it with others, as part of the DraftKings terms & conditions.

  • Username
  • Email
  • Password
  • Promo Code (optional)

You do not need to enter a promo code to claim our recommended Welcome Bonus. But you will need to click through this link to go to the DraftKings Sportbsook registraion form. There will be no other way to claim this promotion after your account is created.

Personal Information Form

The personal information form will be the most important of the forms you will need to complete during the registration process. This form will be used to verify your identity, so make sure enter your real name and address. We recommend you enter the information as it appears on your government identification card and billing statements. This information should also match your social security account.

It will be a good idea to take the time complete the form and make sure there are no misspellings. The slightest mistake can lead to a longer verification process to create your DraftKings Sportsbook account.

You will need to provide the following information:

  • Full Name: First Name and Last Name
  • Home Address: Street Address, City, State and Zip Code
  • Date of Birth: Month, Day and Year
  • SSN: Last 4-Digits

All this information will be used by DraftKings verify your identity across existing user lookup databases.

Agreement & Terms Verification Form

On the last form, you will be asked to provide your mobile phone number. You can set up this number as an extra verification step to verify your account every login you make to any of the DraftKings websites. This can be done within your account settings once your account is created.

If your information was unable to be verified when you get to this form, you will see a pop-up asking you to follow additional steps to verify your account.

You will also need to accept 3 sets of terms before you can submit your account registration.

  • First, the DraftKings Terms of Use and Privacy Policy terms. Make sure to click on the hyperlinks to read the full terms.
  • Second, you will verify you are over the age of 21 and that you will not allow others to use your account to login and access any of the DraftKings websites.
  • Third, you agree that all the information you entered during your account registration is your accurate and legal information. You are also agreeing that you are not a casino employee in a New Jersey casino or simulcasting facility.

After accepting these three terms, you can submit your account registration form. If you are successfully verified, your account will be created. You will also have an opportunity to download the DraftKings Sportsbook right now. You will be able to login with the account information you just created.

Identity Check

As you are completing your account registration, you will need to complete the verify your identity process. You will be asked to take a photo of your ID and upload the photo. Your information will be verified through DraftKings verification system. In most cases, you should be verified quickly and allowed to create your account so you can log into the DraftKings Sportsbook.

Making a Deposit

After creating your account, the next step to claim the Welcome Bonus, for a 20% match bonus, is to make your first ever deposit. You will need to fund at least $5 into your account.

To make a deposit, login into your DraftKings Sportsbook account and go to the DK Sportsbook Lobby. You will have two options to get to the Cashier. On the top left, there will be your profile menu. When you expand this menu, you will see a Deposit button in the menu. The other option will be on the top right corner, where you will see a green deposit button. Click on this button to go to the Cashier page.

At the Cashier, the default page is the Deposit screen, where you will see you options to fund your deposit.

Credit Card Deposits

For players that prefer to use a credit card to fund their deposit, you will be allowed to use credit cards backed by Visa or Mastercard. If you are using a debit card, you can use an American Express, Visa or MasterCard backed card.

To make a deposit with a credit card or debit card you will need to provide the following:

  • Credit card number
  • Expiry Date
  • 3-digit CVC

PayPal Deposits

If you have a PayPal account, you will also have the option to fund your deposit using this option by logging into the PayPal login form. This will take you to your PayPal account, where you will have the option to fund your account with any checking account, credit card or debit card you have on file at PayPal. You will also have the option to use your PayPal balance to fund your deposit.

None of your banking or credit card information will be shared with DraftKings, which may be ideal for some players.

DraftKings Giftcard Deposits

If you are looking for a funding option that does not share any financial or banking information with DraftKings, you can fund your deposit with a DraftKings Gift Card. These physical cards can be found at approved retail chains in your area.

The biggest of the retail chain offering DK gift cards are 7-Eleven and Dollar General, giving many players a local nearby option to purchase a DK gift card. Some of the other local retail stores you can purchase a gift card from are Speedway, Sheetz and PC Game Supply.

Make sure to check the DraftKings website to find the list of current retail chains offering physical DK gift cards!

Request a Payout

Once you are ready to request a payout from your withdrawable balance, head over to the Cashier. Click on the profile menu and on the dropdown you will see the Withdraw button, next to the Deposit button.

Click on Withdraw and you will go directly to the Withdraw page. This will be where you will enter how much you want to request for payout.

You will receive withdrawal payment through the same funding option you used to make your deposit. In the case you are withdrawing more than you deposit, the remainder of your payout will be sent to you through a bank check (via courier) or PayPal. To receive your money quickly, we recommend the PayPal option. If you haven’t created a PayPal account yet, we also recommend it as the best option to fund your deposits so you can also receive the entirety of your future winnings conveniently through PayPal.

How to Place a Wager

Once you create your account and claim the Welcome Bonus with your first deposit, you will want to place a sports wager at DraftKings Sportsbook. You do not have to place your wager right away, but you will have 90 days to complete the playthrough requirement for the Welcome Bonus.

To place a wager, you will need to log into your DraftKings Sportsbook account. Once you are at the Lobby of the DR Sportsbook, you will see the list of available sports. Within each sport, you will see the leagues where games are current scheduled. Click on the league to see the games that are available for the upcoming schedule. You will also have the option to sort available games to wager on by their wagering type. For example, you can choose Game Lines, DK Promotion and various scoring types for that particular sport. Even with a wagering type, there will be various scoring line categories like Game, Alternate Spread, Alternate Total Points, etc.

Once you find a game you are interested in place a wager, you will see the available lines and then choose the one you want to add to your bet slip. After you add it to your bet slip, you will enter how much you want to wager. Below that, you will then see your payout if your wager is successful.

After you have added a wager to your bet slip, you can continuously add more games you would like to wager on to your bet slip. You can also choose to select games inside various leagues or sports.

When you place a bet on your mobile browser, DraftKings will ask you if you would like to place your wager through the DK Sportsbook app. You can read about how to download the app in DraftKings Sportsbook mobile app review.. This helps DraftKings verify your location more accurately through the geolocation verification service they use in the app versus the mobile web browser.

You will only be allowed to place a wager if your geolocation is verified as being in one of the allowed states where DraftKings Sportsbook allow online sports wagering. If you are currently out of allowed jurisdictions on that day, you will be directed to the DK Daily Fantasy Sports website. Here you will have the opportunity to enter a DFS contest for a chance to win money still.

Wagering Requirement Conversion

As with most promotional offers, there will be a wagering requirement that you must playthrough after claiming bonus offer. For the DraftKings Sportsbook promotions, like the DK Sportsbook Welcome Bonus, you will need to convert the bonus money to your withdrawable balance.

The wagering requirement conversion means to convert $1 in bonus money to your withdrawable balance, you will need to playthrough a certain amount of dollars at DraftKings. To find out the conversion rate, you will need to read the terms of the bonus to see how much you will need play at DraftKings to convert a $1 in bonus money.

In the case of the DK Sportsbook Welcome Bonus, you will convert $1 in bonus money for every $25 you play at the DraftKings Sportsbook, DraftKings Daily Fantasy Site and the DraftKings Casino. If you were to deposit $20 while claiming the Welcome Bonus, you would get a $4 bonus from the 20% match bonus. To convert all $4 of your bonus, you would need to play at least $100 at the various DraftKings website.

Once the bonus money is converted to your withdrawable balance, you can do with it as you please. You can use it to wager at the Sportsbook, enter DFS contests or even withdraw it.

Available Sports

At DraftKings Sportsbook, they cover all the major sports like football, basketball, baseball, golf, hockey, soccer and other sports. Within each sport you can find multiple leagues, like in basketball you can find NBA, WNBA and NCAA to name a few.

All major leagues like NFL, NBA, MLB and PGA you can find a game on the schedule to place a wager. Pretty much any sport they show on ESPN or other sports channels, you will be allowed to place a wager, if the league is in season.

You can mix and match wagers on your on your bet slips from different leagues that are currently in season. Just click the sport you want, then select a league and then find a game on the schedule you want to add to your bet slip. The user interface of the DraftKings Sportsbook is so simple to navigate, you will be able to find games quickly without needing to fumble through multiple locations.

Get started today and create your DraftKings Sportsbook account!

Ways to Play DK Sportsbook

DraftKings Sportsbook is available to play on various devices and platform. As long as you have access to the internet, you should have no issues connecting to the DraftKings Sportsbook software. Once you create your DK Sportsbook account, you will be able to use the same login across different devices and platform.

If you are on a mobile device, using either Android or iOS, you will have multiple options to play at the DraftKings Sportsbook. Without needing to install anything, you can simply use the default browser or other third party browsers like Chrome, Edge and Firefox. If you want to use a standalone app, you can download the DK Sportsbook app from your mobile devices app store. To learn more about this, read the DraftKings Sportsbook mobile app review.

For people that enjoy the comfort of a PC or laptop, running Windows or MacOS, all you need is the latest browser. Head over the DraftKings Sportsbook website to create your account.

DraftKings Sportsbook User Reviews

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DraftKings Sportsbook Promo Code
Average rating:  
 2 reviews
 by Rondo
Great overview

Starting out with DFS years ago, I linked my account the Sportsbook. The review is a great overview, from what i remember, when i signed up. I definitely recommend DK sportsbook over other smaller sites.

 by Darius
Welcome Bonus

Just found out the DK sportsbook is being offered in my state so I claimed the Welcome Bonus. Turned out great for week 1 and week 2!