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Draftkings becomes one of the first legal online sportsbooks to offer a deposit bonus for existing players.

Online Sportsbook signup bonuses are all the rage right now with legalized online betting in multiple states. However, not every online sportsbook offers a deposit bonus for continued play. At most books, the initial deposit bonus is your last.

Now, Draftkings has changed the game by introducing a 20% Bonus on your next deposit, up to $500. The deposit bonus is available to all sportsbook users and can be claimed on either the home page or the rewards page. Here is everything else you need to know about the offer.

All about the new deposit bonus at Draftkings

The promotional period is 1/2 – 2/2. The 20% bonus means a $100 bonus issued on a $500 deposit or a $20 bonus issued on a $100 deposit. $500 is the maximum bonus amount (on a $2500 deposit)

Bonus funds will be released in the form of DK dollars, according to a 25x play-thru requirement. So, for every $25 played on Draftkings in DFS/Sportsbook the user will get $1 in bonus funds released into their player account (a $100 bonus requires $2500 in wagering to release fully). Players need to complete play-thru by 4/9/20.

Two more promotions for DK Players.

Go on Sports Betting Missions

Draftkings doesn’t have an actual loyalty program, but they do have DK Missions. Players get offered these missions in their my rewards menu. The missions are easy to complete and result in free bets being credited to the player’s account.

The current Draftkings mission is ‘Place 4 Parlays’. Players will earn a $4 free bet if they place 4 parlays that each have 2+ legs. So, if you chose to accept them, Draftkings missions might be a great way to build bankroll.

Get the best possible deposit bonus from Draftkings Online Sportsbook. .

Get an Insurance Policy on your Parlays

Another new incentive to bet online at Draftkings is the parlay insurance. You can find parlay insurance in the Promotions section at DK and then opt-in to activate it. What is Parlay Insurance? It means that you can play a 5+ leg parlay, and if one leg loses you will get a refund of up to twenty five dollars.

Time needed: 1 minute.

How to Get the Draftkings 20% Deposit Bonus

  1. Go to the rewards page at Draftkings sportsbook.

    Log into your Draftkings Sportsbook Account. Once you have logged in visit the “Rewards” page.

  2. Click ‘Deposit Bonus’

    Within your rewards page you will click on ‘Deposit Bonus’ to display your available deposit bonus.

  3. Click ‘Claim Offer’ to opt-in

    Use the Call To Action button labeled “Claim Offer”

  4. The bonus will be automatically applied to your next deposit.

    If you haven’t made a deposit yet, you’ll get the risk-free-bet bonus before the 20% deposit bonus

  5. Bonus funds will be released as DK dollars at a rate of $1 for every $25 played through.

    A 25x play-thru requirement means twenty five hundred dollars in total play to release a one hundred dollar bonus. The maximum bonus is five hundred dollars on a deposit of twenty five hundred dollars or more. The play thru requirement for the five hundred dollars to be full released into a players account is twelve thousand five hundred dollars worth of online betting and/or casino action.

  6. Track your bonus

    Use the bonus tracker feature that can be found in the Deposit Bonus page of the rewards section. You will be able to see the progress that has been made on your play thru requirement.

Stay tuned to The Props Network for more online sportsbook bonus news. The Props Network has the best in online betting bonuses and free bets that you can claim if you are in the new legal betting states of Indiana, New Jersey, Pennsylvania or New Jersey. We are also the home of radio legend Tony Bruno’s Stone Cold Lead Pipe Locks for the NFL Playoffs. The

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