Information About the DraftKIngs Welcome Offer for Sports Bettors

This article is dated October 13, 2022, content related to promotions is no longer valid. Any promotion described below has expired.

Within the next couple of weeks, Iowa sports bettors will be able to wager on all major U.S. markets. That includes the NFL, MLB, NBA, and NHL. This would be the perfect time for Iowa residents to join the sports betting fray. For anyone in Iowa who would be willing to give DraftKings Sportsbook a while, there is a nice little welcome offer available. Let's take a look at some of the promotion's terms and conditions.

The current DraftKings Welcome Bonus started on October 3, 2022. Management intends on keeping this offer in place until November 20, 2022. There is no need for participants to go through an opt-in process before having a chance to claim this bonus.

To have a chance to claim this bonus, participants (registered Iowa sports bettors) will need to do nothing more than place a qualifying bet. For this promo, a qualifying bet is defined as a $5 money line wager on any sports betting market at any odds. If the qualifying wager wins, the sports bettor will receive $200 in bonus bets. Each new customer will be restricted to receiving this bonus one time.

The $200 in bonus bets will be issued as eight (8) bonus bet vouchers, each with a wagering value of $25. Bonus recipients will get their bonus bet vouchers at the same time that their qualifying bet settles. Once the bonus bet vouchers have been placed in a bettor's wagering account, that bettor will need to use them within the next seven (7) days.

Bonus recipients who successfully use their bonus bet vouchers in time will be permitted to withdraw any residual winnings as soon as a bonus bet settles. If any bonus bet vouchers go unused by the time the seven (7) day period ends, the bettor will see that unused bet or bets expire without value.

DraftKings has made this offer for the benefit of all new customers who successfully go through the registration process. During the registration process, new customers will need to offer proof that they meet the state's minimum online gambling age of 21 years old.