Earning the DraftKings First Deposit Bonus

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When you sign-up to DraftKings for the first time you can take advantage of a 100% up to $600 first deposit bonus, which is among the larger bonuses available when signing up for a daily fantasy sports site. In addition to the Draft Kings bonus, you will also receive a free $3 free entry to a real money contest.

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As you go through the sign-up process at DraftKings, you will see DraftKings list the bonus as a “limited time offer.” Don’t worry about the time – you will receive the Draft Kings bonus regardless of when you decide to make your first deposit.

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How Does the DraftKings Bonus Work?

Like many daily fantasy sports bonuses, the funds that you receive are not immediately placed into your account. Rather, the funds are put into a separate bonus balance. To receive the bonus into your real money account, you must play real money contests to earn FPPs ( short for Frequent Player Points).

The amount of FPPs you earn per contest can vary but are generally earned at a rate of 1 per $0.25 in entry. You can find the FPPs that you will earn for entering on the draft page.

When you have accumulated 100 FPPs, DraftKings will release $1 of your bonus in your real money account, essentially making every FPP worth $0.01 towards the bonus.

The DraftKings deposit bonus must be earned within 4 months before it will expire. If your bonus has expired and you would still like a bonus you may be able to contact support@draftkings.com to get your bonus extended.

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The Importance of a DraftKings Bonus

Is the DraftKing bonus a material concern to players? Simply put, yes. Whenever you play daily fantasy sports, you pay a fee, which DraftKings and other DFS sites charge to run the game and operate their service. When you earning a bonus, you are essentially getting a rebate on your play during the time you are earning the bonus.

Assuming a 4 FPP per $1 rate when joining a contest, you can expect to earn around 20%-40% of your buy-in fee in cashback, depending on the contest. This is potentially enough to turn a mostly break even player into a winning player when while earning a bonus.

For this reason, if you are a player who knows that you are going to play a lot on DraftKings, it often makes sense to make a deposit that is large enough to yield the maximum bonus, which in this case is $600. Of course, this doesn’t guarantee that you will win during this time period but it certainly increases your odds.