We’ve just got word in that there’s been a big change for the better at one of our favourite US online sportsbooks. There’s a new DraftKings welcome bonus, which should especially satisfy Pennsylvania players as the sports betting site is new to their state.
What is the new DraftKings welcome bonus?
The new DraftKings welcome bonus gives anyone new to the sportsbook a huge incentive to sign up. When you make your very first real-money bet, it will be matched dollar for dollar up to $500 in the form of a risk-free bet.
Once you place your first bet, you’ll see your risk-free bet of up to $500 in your account. You have 30 days to use it before it expires. And that’s it. You don’t have to deposit a cent more as part of this welcome offer. Although, of course, you might be tempted too once you get used to using the slick DraftKings Sportsbook site.
This also looks like a limited offer. The DraftKings welcome bonus promotion for this risk-free bet of up to $500 is only available until 1 January. So if you’re interested, you better get involved quick.
How do I get my welcome risk-free bet?
To get your DraftKings welcome offer risk-free bet, all you need to do is create a new DraftKings Sportsbook account, make your first deposit (the minimum is $5) and then you’ll receive your risk-free bet matched to up to $500.
In order to qualify, you have to be a totally new DraftKings player. That means you can’t have any other type of a DraftKings account. And, of course, to sign up you have to be at least 21 years of age.
You also have to be physically located within the borders of a state where DraftKings legally operates. Right now, that is:
- New Jersey
- West Virginia
Anything else I should know about my risk-free bet?
Well, your risk-free bet can’t be redeemed for cash, it isn’t transferable and it isn’t refundable either.
And the value of your risk-free bet isn’t included in any returns or winnings you gain when you use it. But that’s a fair enough deal, in our opinion.
What was the old DraftKings welcome bonus?
So just to refresh your memory, the old DraftKings welcome bonus saw player’s first bet matched in a risk-free bet up to $200. There was also a deposit bonus element to this promotion, but your first deposit was matched just 20% up to $500.
That means you would have to deposit $2,500 to get the full value of your welcome offer and then, subsequently, wager $200 in one fell swoop.
Of course, in monetary terms you could get up to $700 as part of your DraftKings welcome offer under the old regime. But so much of that is tied up in wagering requirements that it was initially kind of tough to turn all of that into withdrawable cash.
So is the new offer better than the old?
We sure think so. To put it plainly, it gives you more bang for your buck. It means that you get a bigger risk-free bet and you don’t have to deposit as much to maximize the value you’re getting with your DraftKings welcome offer.