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DraftKings Deposit Bonus 2024 | Get More Bang for Your Buck with DraftKings First Deposit Bonus

Publish Date: 30/05/2021
Fact checked by: Drew the DFS Guy

To many, DraftKings will no doubt be known for American fantasy sports betting. They took the concept of fantasy betting, once largely found in offices throughout the states – where you put together your own team of players and earn points based on their performance – and transformed it into an internationally beloved and mainstream form of betting.

But that’s not all they do. Some people aren’t aware they’re also an absolutely sensational sportsbook. It’s clear everything they learned over the years about betting innovation has also allowed them to show the traditional sportsbook models a thing or two. Right now, Colorado, Illinois, Indiana, Iowa, New Hampshire, New Jersey, Pennsylvania, West Virginia, and Tennessee and all open for business.

Of course, if DraftKings wants to stand up to the best sportsbooks in the world, they’ll have to have the best sports betting deals. The only place to start in that regard is with the DraftKings deposit bonus. More specifically, we’ll be analysing the DraftKings sportsbook deposit bonus, as the fantasy part of the site is also blessed with its own DraftKings first deposit bonus. With that in mind, let’s see if the industry juggernaut can cement its legacy in this most crowded of betting fields.

The DraftKings First Deposit Bonus in Detail

At Captain Gambling, we understand that the devil is very much in the detail when it comes to the DraftKings deposit bonus – just as it was for the Borgata casino no deposit bonus and the BetAmerica no deposit bonus analysis. That means we’ll not just be scratching the surface here, but we’ll be discussing precisely what you get from this bonus. That’s not just in terms of what the title says but also keeping in mind the terms and conditions, which really distinguish the good, the bad, and the ugly in the world of betting bonuses.

What do you get?

The DraftKings deposit bonus certainly makes a big first impression. They offer up to $1,000 dollars as the DraftKings first deposit bonus. That’s the maximum bonus amount you can actually receive from this promotion. Of course, all this depends on what you have to do to get it.

Well, the first thing is likely pretty obvious to everyone reading this: you have to sign up. This isn’t really a term or a restriction, just the basics of what they expect from you to be eligible. The next really important thing to know is that you have to deposit funds to unlock this bonus. In other words, the DraftKings no deposit promo code isn’t relevant for this bonus offer because it doesn’t require one to qualify – only a deposit.

Those of you who understand how promotions work will probably be relieved at this fact. Any no deposit bonus which offers $1,000 would surely have some astronomically out of reach terms. Instead, the $1,000 here is a maximum and the minimum deposit is a mere $5. This is really important because it means the promotion is versatile and can appeal to a broad, casual audience.

The bonus amount you get is 20% up to $1,000. So, that’s the actual value of this promotion. It’s a 20% deposit bonus, which is still a sizable chunk. Is putting the maximum on the title a way of getting more attention? Sure, but it’s up to $1,000 and that high maximum and low minimum means almost everyone can get real, tangible value out of this excellent DraftKings sportsbook deposit bonus. That is, of course, assuming the terms and conditions are right.

What can you use the bonus on?

Now onto what we think is one of the best parts of this DraftKings bonus – something which really helps it stand out from the crowd. The release of the bonus funds actually incorporates the sportsbook, the fantasy sports, and even the casino parts of the site. This is a huge selling point. The overwhelming majority of promotions are tied strictly to a single betting product.

This – from what we understand from the terms and conditions – is the real deal. It says that the play-through requirements can be utilized on all parts of the site and the “site credits can only be used on DraftKings”. It doesn’t specify any further than that. As far as we can tell, this is about as extensive a reach in terms of bonus as we’ve ever seen. Truly exceptional stuff from this DraftKings sportsbook deposit bonus.

What important terms do you need to consider?

The important DraftKings deposit bonus terms, which are not specific restrictions, are to do with how this bonus actually works. Usually, the most important term would be the wagering requirement, right? Well, that’s not the case here. The terms of releasing the bonus are nice and simple: for every $25 you play, you receive $1 in bonus funds. This also coincides with the 20% of the original deposit.

What’s good about this system is it allows people to get real benefits from the DraftKings sportsbook deposit bonus without needing to bet huge amounts. Your bonus amount is dictated by how much you play, but the average player should be able to see some bonus money – especially considering this play through amount can be used on any part of the site. It’s certainly a unique way of going about a DraftKings deposit bonus, at least compared to much of the competition, but it’s one we appreciate.

One of the key issues we worry about when examining any promotion – whether it’s a Betfair no deposit bonus or this DraftKings offer – is it being out of the reach of the average user. That’s certainly the concern with big-money bonuses. DraftKings have clearly found a way around this and have provided a promotion for new players that’s big enough to entice, while remaining practical for more casual users.

DraftKings Deposit Bonus Restrictions - Know Before You Bet

Considering DraftKings have already proven themselves lenient with typical restrictions, we have high hopes here. After all, we expected play through terms to only apply to the sportsbook, so we’re already starting on a positive.

There are, however, some other restrictions. For instance, you must be over 21 to use the site. This is entirely expected and is in accordance with American law. Similarly, there’s nothing they can do about geographical restrictions, due to the laws governing different states. In cases like this – where it’s clearly beyond anything the operator can do – we won’t mark them down, even though it may disappoint some.

Another expected restriction is the strict one bonus per person rule. Most people know this exists but aren’t aware of the extent of it. While not expressly stated on their terms for this promotion, this commonly extends to your IP and home address. This means if someone you live with also uses the site, you could run into issues. So, make sure there’s no duplicated data from you or anyone you live with.

Another key restriction is you have 90 days in which the bonus is active. After that, the play through and bonus release stops. Now, 90 days is petty generous, especially considering this isn’t an all or nothing kind of promotion. That said, you’ll want to keep that timeframe in mind and plan accordingly based on your style of play to make the most out of this DraftKings deposit bonus.

Finally, the DraftKings sportsbook deposit bonus has an end date of 1/3/21. We don’t know if that will be extended or replaced with something similar. Our only advice then is if you want to take advantage of this offer to do so while it’s still available.

Check Out DraftKings’ Other Bonuses in 2024

In this bonus review, we thought it was important to really shine a spotlight on one of DraftKings’ most impressive and important promotional offerings. One thing we want to make absolutely clear though, is that is far from everything they have to offer. On the sportsbook alone, we have general odds boosts, free bet promotions and there’s even an additional offer for newcomers in the form of special odds on an upcoming market. What this shows us is that DraftKings are always coming up with new ideas when it comes to promotions.

It’s clear that this is a bookmaker that isn’t content just to rest on their laurels. There’s even an ongoing VIP section, meaning that alongside this DraftKings first deposit bonus, you’re getting rewarded for regular play from several different angles. And that’s not all.

The fantasy part of the site has a huge amount of rewards, challenges, and achievements that run across a massive series of sports and events all through the year. They really utilize bonuses to make the site as enjoyable and as engaging as they possibly can be. Whatever sport you’re into, and whatever time of the year it is, there’s a very good chance there’s a fantasy promotion for you.

Even the casino isn’t missing out, with promotions giving you half of your stake back in bonus funds on live dealer games, and your full stake back on Monday night blackjack, to give but a couple of examples. If you were blown away by the quality of this DraftKings sportsbook deposit bonus, then rest assured, it’s a great first impression which lasts throughout your site experience.

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