DraftKings Sportsbook New Users: Bet $1, Get $100 In Free Bets!

Updated on October 9, 2021
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At one time, DraftKings was a name that people associated strictly with Daily Fantasy Sports (DFS). But in the past few years, with the legalization of full-scale sports betting in New Jersey and many other states, this forward-thinking company seized the opportunity to expand its services to also include much more.

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DraftKings Sportsbook not only takes virtually every variety of existing sports betting action but is loaded with opportunities to win big money.

While profit boosts, odds boosts, and parlay boosts and even contests with massive multi-million-dollar prize pools cater to seasoned sports bettors, DraftKings Sportsbook also welcomes beginners. In fact, this weekend looks like a great time for potential newcomers to the world of sports betting to get their feet wet by opting into the following special offer from one of the leading NJ gambling websites:

Bet $1 on the money line on any NFL, NHL, or MLB game, and win or lose, get $100 in Free Bets!

How the DraftKings Sportsbook offer to Bet $1 and Get $100 in Free Bets works

This offer is valid now through Sunday, Oct. 17 only, and it is only open to first-time DraftKings Sportsbook customers.

Here are the simple instructions you need to follow:

  • Register with DraftKings Sportsbook as a new player if you have not already done so.
  • Make a deposit of at least $5.
  • Bet at least $1 on the moneyline on any NFL, NHL, or MLB game prior to the start of the game

Then, regardless of whether this bet wins or loses, as long as at least one NFL or NHL team scores in that game or at least one MLB team has a hit in that game, you will get your bonus.

Keep in mind that you can only access this offer once, and the total amount of the Free Bet offer remains fixed at $100 regardless of the size of your qualifying moneyline bet. So, unless you have a strong enough opinion about the winner of the game to back it up with a larger wager, you should not bet more than $1.

You will receive your bonus in the form of four Free Bets, each valued at $25.

Rules for using the Free Bets

You have up to seven days from the time you receive your Free Bets to use them. Failure to use any or all of them before they expire will make them void.

If you win a Free Bet, you will receive your winnings from the bet only, not the $25 amount of the bet.

Free Bets are non-transferable and non-refundable, and you cannot redeem them for cash.

Is the DraftKings Sportsbook Bet $1, Get $100 in Free Bets offer for new players a good deal?

You bet. It’s a great way for first-time sports bettors to test the waters with virtually no risk to their bankroll. Anyone can afford to risk a dollar, and even if you lose, you get four more shots to try to win, and they are all with DraftKings’ money, not yours!

But here’s a word to the wise. At the beginning of the season, DraftKings offered new players who bet $1 a total of $200 in Free Bets. Later, before lowering the bonus to $100, they offered $150 in Free Bets. If you keep procrastinating, the offer is likely to drop below $100 or be discontinued.

DraftKings Sportsbook alternative larger deposit bonus offer for big players

Some of you who are considering signing up with DraftKings Sportsbook might plan to bet a lot more than $25 per game, in which case the prospect of four Free Bets of $25 each doesn’t thrill you. Perhaps the following alternative welcome bonus is more to your liking.

20% Deposit Bonus up to $1,000

Instead of giving you four Free Bets of $25 each, DraftKings Sportsbook will match your deposit with a 20 percent bonus in the form of site credits that you can use anywhere on the site (sportsbook, casino, or DFS) in the next 90 days.

Personally, I don’t think you’re getting very good value with only a 20 percent bonus when many NJ gambling websites offer a 100 percent welcome bonus to first-time customers. But if getting a large bonus is what matters most to you, this offer certainly qualifies.

Keep in mind that because this is only a 20 percent bonus, in order to get the maximum possible amount of $1,000, you will need to make an initial deposit of $5,000. If you make an initial deposit of $1,000, you will receive $200 in site credits, while if you make an initial deposit of $500 or less, you will receive $100 or less in site credits. Obviously, since you can receive $100 in Free Bets with the other offer with a deposit of only $5, it would be foolish to accept this offer unless you are making a large enough deposit to receive more than $100 in site credits.

Additional terms and conditions

For every $25 you wager, DraftKings will release $1 of your bonus money into your account. Therefore, if you receive the maximum bonus of $1,000, you will need to wager a total of $25,000. Or if you receive a bonus of $200, you will need to wager $5,000, and so on. You have up to 90 days to complete the wagering requirements.



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