Update on the DraftKings Sportsbook Welcome Offer in New York

This article is dated December 23, 2022, content related to promotions is no longer valid. Any promotion described below has expired.

DraftKings allows you action on sports betting, and they have grown into one of the top providers. Most in New York think of them as the best all-around sportsbook of the nine legal sportsbooks. The brand offers its bookmaking services through a modern app with a functional design. You will see a wide range of betting options.

$1,000 Deposit Bonus from DraftKings

At DraftKings, they do a 20 percent matching deposit bonus on whatever you deposit. That means that if you put in $100, you will see $20 back in bonus cash. To win the maximum $1,000 deposit bonus, you must deposit a maximum of $5,000. In truth, you can find better sportsbook promotions, but some people may want to check them out.

Minimum to Qualify

The minimum that you need to qualify for this bonus is $5, which is incredibly low compared to most sportsbooks. You will likely want to take full advantage of the offer and put as much as possible in on your first deposit. If you do make the full $5,000 deposit, you must accumulate $25,000 in bets to release your bonus cash. In addition, you must meet that playthrough requirement within 90 days.

When you do take advantage of the signup bonus from DraftKings, be aware of the fine print to ensure that they will release your cash. You do need to wager quite a bit to take advantage of this bonus, but it's worth going after if you want to do some sports betting.

Deposit Options at DraftKings

You can choose from several deposit options at DraftKings like PayPal, credit card, wire transfer, Visa, Mastercard, American Express and Discover. DraftKings offers all of the main deposit options that you would expect from a sportsbook, but some may find it lacking for the more advanced choices. Nevertheless, you can use it for Android and iOS.

Conclusion

DraftKings partners with Caesars and Penn National Gaming to provide you with access to extra markets from across the country. New York became one of the latest states to allow for sports betting, and they first legalized it on January 1, 2022. The whole state offers nine sportsbooks where you can place wagers, which includes DraftKings. In fact, since 2013, in-person sports betting in New York has been legal, but the recent legalization was to make online sports betting legal. New York is the largest state to legalize sports betting.