DraftKings Sportsbook Promo Code 2020: Bonus Up to $500+ 500 Risk-Free Bets

Exclusive 2020 DraftKings Sports promotions are now available below. Enter our exclusive DraftKings Sportsbook Promo Code 2020 to get them.


Up To $1000
Bonus & Offers details
Welcome Bonus: Deposit Bonus of up to $1000 in free sign up cash now to bet on the Draftkings Sportsbook

Terms and Conditions Apply 

21+ Responsible Gambling in the US. 

Expires on: 02-12-2021
Last check: 2 days ago
DraftKings Sportsbook Promo Code 2020
Enter our DraftKings Sportsbook Promo Code 2020 here.

DraftKings Sportsbook Promo Codes: February 2020 Update

DraftKings OffersBonus & Offers 2020DraftKings Promo Code
Welcome Bonus - Sportsbook Get up to $1000 Deposit Bonus GET DRAFTKINGS PROMO CODE
Parlay Insurance Win up to $25 in free bets GET DRAFTKINGS PROMO CODE
Refer a Friend Earn $100 in Free Bets GET DRAFTKINGS PROMO CODE

How to Register on the Site: A Guide Step by Step

DraftKings is a sportsbook. The sign-up process is short and can be completed in just a couple of minutes. The necessary steps are shown below.

  • Click on the sign me up button in the top right of the home page
  • Assign an email and password to the account, and create a username
  • Provide date of birth, specify country and state of residence
  • Certify to agree to terms and conditions by checking the box shown
  • Click on sign up to finish the registration process

Tips: There is an alternative Facebook sign up available, which is almost instantaneous. Players are required to have a current Facebook account to do this.

Players can redeem all bonuses and promotions after completing the sign-up process by entering our DraftKings Sportsbook Promo Code.

Draftkings Review Signup Bonus

Draftkings Sportsbook New and Existing Player Offers

Within the sportsbook section of the Draftkings platform you will find six bonuses, some accessible to new players only and many accessible to existing players. Check out all six below along with all of their relevant details. 

Draftkings Pregame Protection 

Draftkings has done a good job in reducing the overall risk associated with bets through this bonus. You are offered a degree of protection for both football and soccer bets with this ‘Pregame Protection’ bonus. This is the case because you will get $25 back on two different possibilities for your bets. If you have placed a wager on a winner for Premier League soccer, but unfortunately the game finishes 0-0, you could get a maximum of $25 back as free bets. And for football, if you picked a game-winner who scored over 24 points but still lost, you could get another $25 cash back reward. 

The prerequisites for this promotion are as follows: you must opt-in, your bet must be placed before the game begins, and the cashback that you get will be given as free bets that are valid for 7 days only. 

Draftkings Free Bet Offer 

Draftkings are giving out bonus cash for those that are promoting the platform to their friends. You can find your refer-a-friend link from that specific section on the site, and invite friends by email. The referee needs to register through your link, and you could both get $100 for your troubles. 

The person that you refer does need to make a $100 deposit after signing-up, which will entitle them to a 100% match up to $100, and you will get $100 also. Once this bonus is in your account you will need to wager it within 30-days, otherwise, it will simply expire. 

Draftkings Deposit Bonus Offer 

As long as you are a new customer and a first time user of the sportsbook, you are eligible to get a 20% match for your deposit. The maximum reward amount is $500, but to get this you must deposit a rather large amount of $2,500. You will still get a 20% match for all deposits lower than this amount, and you must deposit a minimum of $5 so that the promotion is applied.

Bonus funds are dependent on a playthrough requirement, where you must bet on events that have odds that are -300 or more. If the odds are lower than this you will not be able to use bonus money. 

Draftskings Odds Boost

Providing that you are located in West Virginia, Indiana, or New Jersey you can place bets and lock in various odds boosts. Draftkings gives these out for games involving NBA, MLB and NFL action. Odds boosts are given out at random for the entire season, and it is a great way to try and win greater amounts without having to risk more of your own cash. 

To make things even more appealing, you can use odds boosts whether you are a new or an existing member of the Draftkings site. 

Draftkings Free to Play 

Everybody enjoys promotions where they do not need to risk any of their own money in exchange for a possible jackpot. This is precisely what is available through two different ‘free to play’ promotions with Draftkings. 

The first is a fantasy football contest, where you must pick and choose players that you think will perform well week in and week out. If you are right in your predictions, you could potentially have the chance of winning a massive $70,000 jackpot at the conclusion of the season – all without needing to risk any cash.

The second is a quiz game that is issued to members on a Tuesday, every week. You will be presented with 8 questions, and if your knowledge is good and you pick answers correctly, you may just take home a portion of the weekly jackpot – $5,000! 

Draftkings Parlay Insurance 

As part of another opt-in promotion, new and existing customers are provided with further protection courtesy of Draftkings. If you make a parlay bet on any sport that consists of a minimum of 5 legs, you can get $25 refunded if a certain situation arises. 

This situation is where you are correct in all but one of your predictions, in which case Draftkings will give you the $25 in free bets. Each different selection of the parlay must be over -300 odds, and you can make as many as four parlays per day where you will be eligible for insurance. 

All bonuses should be available in less than 24 hours once your parlay bet has settled. 

Bonus Terms: What Players Need to Know

There are two fundamental criteria relating to a player’s age in order to use the DraftKings site.

  1. Members must be at least 18+ to play for real money
  2. Members need to be 19+ to participate from Nebraska and Alabama, and players must be at least 21+ to compete from Massachusetts

FAQ: Key Information to Keep in Mind

Q. What methods can I use to fund my account?

Players can make a deposit from the desktop and mobile platforms. DraftKings allows transactions from most major credit and debit providers, as well as via Pay Pal.

Q. Is DraftKings a legal and regulated site?

Although DraftKings provides contests for fantasy sports as opposed to mainstream betting options, they are still governed and regulated by the relative authorities. This proves the integrity and legality of the site.

Q. What methods can I use to contact customer support?

At this moment in time, DraftKings has just one method in place for members to contact a customer support agent. This can be done via email, and a link is provided on the site.

Q. Can I open more than one account with DraftKings?

In order to fully comply with regulations, DraftKings permits only one account per user. This is a safety precaution and prevents any unlawful money laundering practices from taking place.

Q. What contests can I participate in with DraftKings?

The site provides contests based around a multitude of sports and global leagues. There are actually 11 different types of contests that the site promotes, yet the specified jackpots and entry fees are subject to change.

Q. Is there a promo code I could use?

Yes, you can enter our DraftKings Sportsbook Promo Code.

Draftkings Sportsbook Review 2020

DraftKings regularly updates this constant feed to inform players of live contests as well as an upcoming contest that may be of interest to them. This information is easily accessible from the relative section, and players do not need to go searching to see what contests they could become engaged in.

  • Contest jackpots and rewards

The site has boomed in popularity over the years, which has paved way for the large budget and incentives that DraftKings is now able to offer. Many contests offer winning amounts that extend into the thousands, and currently the maximum jackpot available is $50,000.

  • Range of available contests

The site is always switching up the sports that each promotion applies to, as well as constantly changing the type of contests and associated monetary incentives. This keeps players interested and ensures that the site does not become repetitive with their offerings.

Draftkings Banking Options 


There are 3 available deposit methods that DraftKings currently supports.

  • MasterCard, American Express and Visa Gift Cards
  • Major debit and credit transactions (Discover, American Express, MasterCard, Visa)
  • Pay Pal

DraftKings currently does not have further information for the associated processing times, minimums or fees.


DraftKings lists 3 methods that can be used to make withdrawals from the site.

  • Pay Pal – processing time is 2-8 business days
  • Paper Check – processing time is 2-3 weeks
  • Bank Transfer – processing time is 2-8 business days

The site provides no additional information for any associated fees or minimum withdrawal specifications.

Customer Support Quality at Draftkings

Disappointingly, DraftKings has just one method available for members to get in touch with the support team. They will need to open a support ticket through the relative email link and wait for a response.  This is the only method that DraftKings has implemented into their overall customer support offering. Players must visit the relative email link, open a support ticket and wait for a response from DraftKings. This could be frustrating for players, and the fact that the site has no live chat or phone line is unusual.

Draftkings Mobile Review 2020

Mobile Application

  • Full range of features

DraftKings has done a good job at implementing all of the desktop features into their mobile app. Players can enter contests, make withdrawals or deposits, contact the support team and interact with their friends via the mobile app.

  • Android and iOS download available 

Players can download the Android app from the link on the DraftKings mobile site, and iOS users can simply visit the app store and download the app from there. The app is completely free to download.

  • Promotions

There are no special mobile promotions but you can still enter our DraftKings Promo Code to get the ones mentioned above.

Mobile Site

  • All contests available

Members can see all of the available contests from the mobile site, as well as being able to enter them after logging into their account. This ensures that players won’t get frustrated or tired of having to visit the desktop site to enter contests.

  • General quality

Despite how well developed the desktop and mobile apps are, the mobile site is definitely subpar in terms of the previously seen quality with DraftKings. The site is occasionally difficult to navigate, has relatively poor graphics and requires many steps for players to access the section of the site they are trying to find.

Final Thoughts on the Draftkings Sportsbook

There is no denying the overall quality of the DraftKings platform. They have excelled in creating a fantasy sports market and definitely differentiated themselves well from mainstream sport betting providers. Fantasy sports competition has become an increasingly hot market in recent years, and DraftKings is currently doing a good job of keeping up with the demand.

They have managed to implement enough variety and prize money to maintain customer interest, yet they do have a direct competition coming from other providers across the country. They are no longer unique in the fantasy contest industry, and how they develop the platform in the coming years will be interesting to see.

This being said, there is no denying the monetary incentives for players to take part in their various contests. It’s a fun and engaging platform for players to test their sporting knowledge, and they can be rewarded handsomely for outperforming other contenders.

Top 3 Alternatives to DraftKings Sportsbook

Rivers Sportsbook

Rivers Sportsbook does not currently engage in fantasy sports contests. They do however provide a reasonable sportsbook offering, as well as a range of markets for the respective sports. While DraftKings caters for players across the country, Rivers Sportsbook caters solely for players in Pennsylvania. As regulations evolve further, Rivers could well branch out and cater to a greater number of players.


Caesars is definitely one of the most known casinos in the US. What you might don’t know is that it also has an online sportsbook which is actually very good. Caesars can be a great option for online bettors since you can combine casino and sports. Also, you will find a great variety of markets and sports to wager. Of course, not that big as William Hill’s but still Caesars is a reliable operator and it is definitely recommended.

William Hill

William Hill has a long-standing reputation of being a prestigious sport-betting provider in the UK. They offer a large range of sports, and have also branched out into the casino gaming space. They also do not engage in fantasy sports contests. For a site this big, it seems unusual that they have not attempted to break into the USA market.

DraftKings Sportsbook  Promo Code Validity: December 2020

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