DraftKings New York Bonus Code Picks Up A Chance To Win $150

Last Updated Nov 28, 2022
|
Fact Checked By: Josh Collacchi

New York sports bettors can register now using the DraftKings NY promo code link below and will receive a chance to win $150 in free bets. If you bet $5 or more on any sport and your bet wins, your $150 in free bets will be awarded.

Since January 2022, both in-person and online sports betting in New York have been live. At the forefront of New York sports betting has been DraftKings NY Sportsbook.

DraftKings is a company many have been familiar with, due to its fantasy sports product. However, they are also one of the biggest sportsbooks in the world. 

Keep reading as we give our full DraftKings Sportsbook New York review. We will discuss how to create your new account with the DraftKings New York promo code and all the great things you can expect to find on DraftKings NY, most importantly the sports and markets it offers.

DraftKings New York Promo Code

In order to boost your bankroll as you begin your sports betting journey, DraftKings NY Sportsbook has a generous welcome offer.

🎁 DraftKings NY Promo CodeBet $5, Earn $150 in Free Bets If You Win
💰 Wagering TypesSpreads, totals, player props, futures, parlays, and more
🖊️ Welcome BonusWin $150 in Free Bets If Your $5 Bet Wins
📲 DraftKings NY Mobile App AvailabilityiOS and Android devices
🥇 Why Choose DraftKings NY?Aesthetic betting app, fun bonuses, and reputable brand
📆 Last Validated November 28th, 2022

First, the standard offer for DraftKings is the 20% deposit match up to $1,000, which is great for high-stakes bettors. That's because it comes with a 25x playthrough, which means you need to be your bonus (if you deposit $150 that would be $10) 25 times before you can withdraw funds. This offer is available most often throughout the sports calendar, but the latest bonuses may differ.

You have 90 days to meet this requirement and any bets must be made at -300 odds or lower to qualify. You can also use DFS contests to meet the requirement.

As for the current Bet $5, Win $150 In Free Bets offer, here's how it works: Bet at least $5 on any NFL pre-game moneyline. If your wager wins, you will get $150 in free bets paid out in site credit.

The great thing about these DraftKings NY welcome offers is that there isn't a DraftKings NY promo code! Simply click our "Bet Now" link, create your DraftKings NY account, add funds and enjoy your welcome bonus.

DraftKings Sportsbook New York App

The DraftKings Sportsbook app New York is one of the top apps in the sports betting market. The DraftKings NY app allows you to participate in online sports betting from anywhere in the state of New York.

The app has all of the capabilities of the website version of the online sportsbook. It is also incredibly user-friendly interface, making it one of the top apps on the sports betting market for new and experienced bettors alike.

All of the best promos are located at the top of the app and below is a very intuitive navbar that makes finding whatever market you're looking for a breeze. The green and black accents, along with white font for the betting lines makes it especially easy on the eyes.

DraftKings NY Welcome Offer

The DraftKings NY Sportsbook promo code offer gives new users a 20% deposit match on their very first deposit, up to $1,000. DraftKings is giving sports bettors extra funds to bet with and test out everything DraftKings NY Sportsbook has to offer.

DraftKings NY also has a new offer of Bet $5, Get $150 in Free Bets (Win or Lose). This offer applies the NFL and college football market and runs until September 19. You will get 8 $25 free bets that will expire in seven days. You can't take both offers, though, and with football season upon us, the latter offer looks pretty enticing.

DraftKings NY Promo Code

The DraftKings New York Sportsbook promo code offer can be redeemed by new users who are at least 21 years old and in the state of New York. The DraftKings Sportsbook promo code gives new users a 20% deposit match bonus up to $1,000, giving you more money for sports betting.

The Bet $5, Get $150 in Free Bets offer applies to any NFL and college football market, but it only runs until September 19, so you'll want to act quickly. Reminder: You can't take both.

DraftKings New York Sportsbook Minimum Deposit

The minimum deposit to redeem the DraftKings promo code offer is $5. New users get a 20% deposit match up to $1,000 with this welcome promo, so users get more free bets with a larger deposit.

DraftKings New York Sportsbook Legal Age

The legal age for DraftKings NY Sportsbook is 21 years old. Anyone in New York that is at least 21 years old will be able to use our DraftKings NY promo code to create a new account.

DraftKings New York Sportsbook Launch Date

The DraftKings New York Sportsbooks began taking in-person bets in July 2019. Online sports betting in New York came later, launching in January 2022. As long as you're at least 21 years old, you can bet in-person or online in New York.

What Does The DraftKings New York Promo Code Offer?

It's an exciting time to get into sports betting in New York, and the DraftKings New York promo code welcome offer gives new users a big reason to sign up for DraftKings today. As long as you are at least 21 years old and in the state of New York, you are eligible for the new user welcome bonus at DraftKings NY.

Normally, new users through our link will receive a 20% deposit match bonus worth up to $1,000. By depositing $5 or more into your new account, DraftKings will automatically provide a 20% extra, up to $1,000. This offer comes with a 25x playthrough requirement (you need to be 25 times your bonus before you can withdraw funds).

You'll have 90 days to meet the requirement. Any bets made at odds longer than -300 will not count towards the requirement. You can also play DFS games to meet the wagering requirement.

The current offer differs, as it is focused on winning $150 in free bets with a $5 or more bet placed on any sport. If your bet hits, you get $150 in free bets in addition to your wager winnings.

Weekly And Recurring DraftKings Sportsbook NY Promotions

DraftKings Sportsbook Odds Boosts

One of the best features of DraftKings NY Sportsbook is the odds boosts. Users can find recurring odds boosts promos on DraftKings NY, which improves the odds of a bet, making the odds on a specific wager the best in the entire sports betting market.

For example, for the 2022 NBA Finals, DraftKings boosted the payouts by 50% for three different player prop bets for a specific game.

DraftKings Sportsbook Same Game Parlays

An exciting way to bet big games is by creating a same game parlay on DraftKings NY. For this, users create parlay bets by using props for only one game. If one of the prop bets loses, the entire parlay loses. However, due to this added risk, the payouts are large.

DraftKings NY Sportsbook also has a recurring same game parlay promo that lowers the risk for users. They have multiple promotions throughout the year for risk-free same game parlays. In the past, there have been MLB and NHL Playoffs single-game parlay promotions that give the user $10 back, if the parlay doesn't win.

DraftKings New York Sportsbook Bet $5, Get $150 in Free Bets

DraftKings New York Sportsbook has an additional welcome promotion for new users who would rather get free bets instead of a deposit match.

Currently, new users who sign up to DraftKings New York through our link, opt into the Bet $5, Get $150 in Free Bets offer.

How To Redeem A DraftKings Promo Code NY

Redeeming the DraftKings NY promo code is extremely easy for new users. As long as you're 21 years old and within the state of New York, you will be able to bet on sportsbook and take advantage of the DraftKings New York promo by following these steps.

First, click our link to head over to the DraftKings New York sign-up page. Once you're there, provide basic information to verify your identity, including your name, physical address and email address. Add your mobile number, verify you're in New York, and deposit funds into your online sports betting account to redeem the welcome promotion.

New users will receive a 20% deposit match bonus, up to $1,000, which will be automatically deposited into your account as you met the playthrough requirement ($1 released for every $25 bet).

Terms and Conditions for DraftKings New York Promo Codes For Sports Bettors

The DraftKings promo code welcome bonus in NY gives new users a 20% deposit match bonus of up to $1,000. Following the first deposit and bet placed, DraftKings rewards users with bonus funds equal to 20% of their initial deposit as they work through their play-through amount.

As the users enter DFS/Sportsbook/Casino contests, DraftKings dispurses $1 of the promo funds into your account for every $25 spent. The odds for the counted play-through amount must be -300 or longer to be eligible. Users will have 90 days to earn up to their maximum bonus funds amount.

DraftKings Sportsbook NY Review

DraftKings Sportsbook New York is a fantastic online sportsbook for both new and experienced users in sports betting. In terms of what users can bet on, it will be tough to find a sportsbook that offers more. DraftKings New York has thousands of available bets every single day on both professional and college sports, and even some large non-sporting events.

Among the top reasons to bet at DraftKings New York is the way DraftKings NY rewards its users. Along with a great user-interface that's easy to use, DraftKings NY has recurring promotions that everyone can play. And when you play at DraftKings NY, the Dynasty Rewards program allows you to earn points on discounts at the sportsbook or for your next vacation.

In short, DraftKings New York Sportsbook is among the top betting destinations for anyone in New York who is at least 21 years old. Get signed up today and begin taking advantage of all of their promotions.

DraftKings Sportsbook NY: Pros and Cons

DraftKings Sportsbook New York is one of the best sports betting options for readers in New York. The wide variety of betting options and ongoing promotions make it a fun and profitable sportsbook that rewards its users.

Pros: DraftKings New York Top Features

DraftKings NY Same Game Parlay

The DraftKings NY same game parlay features are some of the best in the entire industry. It is exciting to create a parlay on the one big game you want to watch, and DraftKings NY is one of the sportsbooks that allow you to do that.

Combined with special promotions, including parlay insurance to give you money back on losing parlays, DraftKings New York is one of the best sportsbooks in the entire industry to create a single-game parlay bet.

Sportsbook Features

There are many exciting features for new users on the DraftKings New York Sportsbook. First, with multiple new user welcome bonuses, DraftKings gives you the ability to build up your wallet quickly.

With recurring and new promotions every single day, there are many reasons to check out the sportsbook every day to see what they are offering. Of course, with a great rewards program, DraftKings NY truly rewards New York bettors.

Market Variety And Sports Offering

DraftKings New York has one of the largest and most diverse sports offerings of any sportsbook. They advertise over 1,000 bets always being available at DraftKings NY, and it's easy to see. New York users can bet on the Buffalo Bandits, Buffalo Bills and Buffalo Sabres all in the same parlay. From UFC to Ultimate Disc, DraftKings New York has odds available.

Sportsbook Reputation and Reliability

Unlike some other sportsbooks, DraftKings already had notoriety amongst sports fans due to its fantasy sports product. DraftKings Sportsbook is among the top sportsbooks in the country thanks the ease of use and the fact it allows fantasy customers to use their same wallet for the sportsbook. With their high-quality promotions and vast market offering, DraftKings NY should remain one of the most desired sportsbooks.

Mobile App Design And Accessibility

The DraftKings NY app is one of the best in the entire industry. The DraftKings NY mobile app has all of the same capabilities as the online sportsbook product. With a 4.8 rating on the Apple App Store and 4.6 on the Google Play Store, it's clear sports fans love this DraftKings app. 

Along with a user-friendly interface and visually appealing graphics, DraftKings allows new users to create an account, deposit or withdraw funds and place bets anywhere on the go inside the state of New York, as long as you're 21 years old.

Users can place straight bets, parlays, futures live bet games from anywhere, whether that's the comfort of your home, while walking your dog, or in the sports bar.

Cons of DraftKings NY

The main con of DraftKings NY Sportsbook is that the welcome bonus is a deposit match instead of a risk-free bet. New sports bettors may enjoy the current DraftKings NY Sportsbook deposit match bonus since they will have more funds to play with and try out different sportsbook features.

However, experienced sports bettors typically like the risk-free bet, since there is a higher potential to make more money on the welcome bonus. The good news is you can take the Bet $5, Get $150 offer until December 30th, 2022.

You might prefer that offer since DraftKings NY welcome bonus of a 20% deposit match up to $1,000 has a fairly high playthrough requirement (25x). However, the deposit match offer does give new users a reason to keep coming back to DraftKings NY to check out the daily offers and place wagers.

Bet Types And Sports Available at DraftKings New York

DraftKings Sportsbook NY is known for the large variety of bet types and sports available to bet on. The section below breaks down the most common types of bet types at DraftKings.

Moneyline

A moneyline bet is simply picking the winner of the game or match. Moneyline odds can range anywhere from +100 (even money) to plus or minus numbers as high as 1000, in extreme circumstances with two teams at the opposite ends of the spectrum.

If a team is favored to win, the odds will be listed as a negative number, like -140, meaning you have to risk $140 to win $100. The underdog will have a positive number like +165, meaning you only have to risk $100 to win $165. While you don't need to risk $100 on a moneyline bet, American odds are based on a $100 wager.

Parlay Bets

Parlay bets combine multiple bets together, but all legs must win for the parlay to cash. Since the level of risk is higher with parlays, DraftKings increases the payout odds along with it. Parlays can feature moneyline, spreads, totals, and prop bets across all sports. 

For example, a four-leg parlay could have Yankees -1.5, Bills-Jets over 44.5 points, Rangers -120, and Knicks +5. If all bets hit, it could lead to a big payout. However, if one of the bets loses, then the entire parlay loses.

Teaser

Teaser bets give you the chance to shift the point spread or total for a parlay up or down. Moving the line raises the probability it will hit, but it makes the betting odds less profitable. 

For example, a parlay taking the Bills -7.5, Knicks +5, and the Giants-Jets under 46.5 points has +596 odds. A four-point teaser would move the lines to Bills -3.5, Knicks +9, and Giants-Jets under 50.5 points for +180 odds.

Totals

Betting the totals, or the over/under, is often used when picking whether the two teams in the game will combine to score more (over) or less (under) than the number provided.  For example, if you see a total at 209.5 and bet the over, the two teams must combine to score 210 points or more to win the bet. If the two teams combine to score 209 points or fewer, you lose the bet. There are totals betting options for the full game, halves and quarters, and more.

Prop Bets

Unlike betting on the outcome of a game, prop bets are wagers on smaller in-game events to happen. Betting on prop bets could include team props, such as betting over/under a team's point total, or individual player props, such as a player scoring a touchdown or blocking a shot. DraftKings NY is known for it large variety of prop bet options.

Futures Bets

Futures sports betting means you are betting on a future event. The most common type of futures bet is on a league's championship, such as the odds to win the 2023 Super Bowl. Other futures bet types include betting on awards, like league MVP or Coach of the Year, win totals, series betting, and more. Since the payoff is often weeks or months away, the level of risk is typically higher, which is reflected in the odds.

Live Betting

Live betting is wagering on an outcome while the game is taking place. Based on the events of the game, the spread, moneyline, and other odds will adjust, which creates opportunities for New York bettors to wager on different odds and outcomes than may have been available pregame.

For example, let's pretend the New York Giants were -3.5 against the Jets. However, after the Jets took an early 7-0 lead, the DraftKings may have moved the spread to Giants -1.5. This gives New York bettors the ability to bet on the Giants or Jets at the newly-adjusted spread and odds.

DraftKings Sportsbook New York Partnerships

DraftKings New York has partnerships with the New York Giants, Knicks and Rangers. These are multi-year partnerships that make DraftKings NY the exclusive sportsbook for each of these teams. It gives fans of these teams exciting game-day promotions at the stadiums and on the online sportsbook. There are also free-to-play games for fans on the app.

DraftKings Sportsbook NY Giants Partnership

The DraftKings Sportsbook NY partnership with the Giants gives fans exclusive game-day promotions and free-to-play games. Fans also get access to a first-of-its-kind virtual Sports Lounge on game days.

Teams To Bet On At DraftKings NY

New York Giants

Partners of DraftKings Sportsbook NY, there are many ways to bet on the New York Giants. Fans could bet on the Giants to win in Week 1, to win the NFC East division or to make the playoffs. Do think Saquon Barkley returns to form? Bet the over on his touchdown total for the 2022 NFL season at one of the best NFL betting sites.

New York Knicks

It has been a long time since the New York Knicks have been NBA Finals contenders. However, with the Knicks being partners of DraftKings, they will have great odds to win to win next season's NBA Finals or make the NBA Playoffs. Fans can also bet on Julius Randle to finish with a double-double or Derrick Rose to go over his point prop at one of the best NBA betting sites.

New York Rangers

In the NHL, the New York Rangers are also DraftKings partners. The Rangers shocked many during the 2022 NHL Playoffs. Fans can bet on the Rangers to make the playoffs once again next season or bet on them to win the Stanley Cup. Bet on the Rangers to win any game in a shootout or in regulation. There are many different ways to bet on an NHL game at DraftKings.

New York Jets

There are many ways to bet on the New York Jets on DraftKings Sportsbook. Users can bet on the Jets to win or lose every week, or go over or under their point total. With many great young players on the Jets, fans can also bet on them to score a touchdown, Zach Wilson's passing yards total or Jermaine Johnson II to win Defensive Rookie of the Year.

Buffalo Bills

The Buffalo Bills are one of the strongest teams in the NFL. Fans can bet on the Bills to win the Super Bowl this year, to make the playoffs or to win the AFC East division. Josh Allen continues to get better at quarterback, and fans could bet on him to win the NFL MVP award. There are endless ways to bet on the Buffalo Bills this season.

New York Mets

The New York Mets are a team to be respected in the MLB, and fans can bet on them in many ways. Fans could bet on them to win, go over the run total or win the World Series. If you're into prop bets, you could bet on Max Scherzer's strikeouts or Pete Alonso to hit a home run.

New York Yankees

The New York Yankees are one of the most popular sports franchises in the entire world. It's for good reason, as they seem to be perennial World Series contenders. Fans can bet on the Yankees to win the World Series. If you're looking for an easier bet to cash, bet on the Yankees to make the postseason or to win the AL East. Of course, there are also 162 regular season games to bet on, as well as numerous league awards.

New York Islanders

Like the Rangers, there are many different NHL betting options for the New York Islanders. Bet on them to win or lose any given night. There are also exciting NHL prop bets available for the Islanders, such as betting on the number of saves, shots on goal or a specific player to score a goal.

Brooklyn Nets

The Brooklyn Nets have the players in place to make a championship push - especially now with the Kevin Durant saga in their review mirror. Fans can bet on the Nets to win any of their games on DraftKings Sportsbook NY. DraftKings also gives NBA Finals odds or odds to win the NBA MVP award, with odds provided for multiple Nets players. Do you think Ben Simmons could win Comeback Player of the Year? There are odds for that as well!

New York Red Bulls

While the New York Red Bulls have never won the MLS Cup, they have shown success in the MLS. Fans can bet on the win total of the Red Bulls for the season, their season standings, if they make the playoffs or bet on them to win it all. Of course, fans can also bet on them to win, lose or draw any match.

New York City FC

The New York City FC are coming off their very first MLS Cup Championship win. Fans can bet on the team to repeat as champions or at least make the MLS Cup Playoffs. Think New York City FC will win, lose or draw their next match? DraftKings Sportsbook NY will have odds available to bet on.

In New York, you can also use various college football betting sites to bet on out of state teams, as you cannot bet on in-state college teams.

DraftKings NY Online Banking

Deposits And Withdrawals At DraftKings NY

While some online sportsbooks make it difficult to deposit and withdraw money into your account, DraftKings New York Sportsbook has made it incredibly easy.

If you already play the fantasy sports option at DraftKings NY, you will be familiar with the methods since you share the same wallet. 

The number of deposit and withdrawal methods, along with the ease and speed of moving money into or out of your account, is a big reason why DraftKings NY may be the best sportsbook in New York. 

If you betting at an in-person DraftKings NY Sportsbook, you are able to deposit and withdraw your money in real-time. For users betting on the DraftKings Sportsbook app or website, you are able to use the following deposit and withdrawal methods.

  • ACH/Online Banking
  • Credit or Debit Card (Visa, MasterCard or Discover)
  • PayPal
  • Electronic Gift Cards
  • Play+ (Prepaid DraftKings Card)
  • eCheck
  • Cash

DraftKings Sportsbook NY Fastest Withdrawal Methods

The fastest DraftKings New York Sportsbook withdrawal method is at an in-person location. There, you can make bets in real-time and put your winnings in your pocket immediately.

If you are betting on the DraftKings online sportsbook, the two fastest withdrawal methods are PayPal and Play+.

Payouts generally take a couple of days, but they are guaranteed. DraftKings New York has a liability fund that guarantees you get the funds owed to you. This is the benefit of legal online sportsbooks.

Legal Sports Betting At DraftKings Sportsbook New York

Sports betting in New York was legalized all the way back in 2019, with in-person locations finally accepting wagers in 2019. Online sports betting has had a tougher road to legalization in the state. However, New York legalized mobile betting on April 19, 2021, with the state accepting online bets on January 8, 2022. DraftKings was among the first online sportsbooks in New York.

Now, anyone that is in New York and at least 21 years old can bet at a brick-and-mortar location, online or on the DraftKings New York Sportsbook app. 

In March 2022, bills from the New York Senate and State Assembly are proposing an expansion of the number of online sportsbooks allowed in New York. By expanding the number of online sportsbooks, New York's 51% tax rate on betting would be lowered to a more sustainable tax rate.

Responsible Gambling With DraftKings NY

The top priority at DraftKings New York Sportsbook is that you're having fun and playing responsibly. It's important to know your limits, which is why DraftKings NY suggests having daily, weekly and monthly limits on how much you are able to deposit into your DraftKings account. Of course, there is also an age limit to participate in betting, which is why you must be 21+ to create an account.

If you have any questions or concerns about gambling responsibility or addiction, there are many resources available. Feel free to explore the problem gambling FAQs to learn more or call 1-800-GAMBLER if you or someone you know struggles with gambling addiction.

Download The DraftKings NY Mobile App Today

The DraftKings NY Sportsbook app is extremely user-friendly and has all of the same capabilities as the website version of the sportsbook. Sports bettors can place any kind of bet type, including live betting, take advantage of the daily promotions or even deposit and withdraw funds on the app. Having the app downloaded allows users who are 21 years old to place bets from anywhere in New York.

Getting started on the DraftKings New York app is also extremely easy, as shown by these steps.

  1. Download the DraftKings Sportsbook app from your preferred app store.
  2. Create your account by providing basic information to verify your identity.
  3. Accept the terms of use and confirm your location in New York.
  4. Add funds to your DraftKings Sportsbook account to begin sports betting.

DraftKings Sportsbook NY Frequently Asked Questions

What is the DraftKings Sportsbook New York promo code?

+

DraftKings Sportsbook New York is currently offering $150 in free bets when you use the DraftKings Sportsbook New York promo code. Click "Place Your Bets" now and earn $150 in bonus bets when you place a winning qualifying bet of $5 or more.

Is DraftKings Sportsbook legal in New York?

+

Yes, DraftKings Sportsbook is available in New York. Whether it's in-person locations or online sportsbooks, New York sports betting fully went live on January 8, 2022.

Can I use DraftKings Sportsbook in New York?

+

Yes, you can use DraftKings Sportsbook in New York. Anyone 21+ years old and in the state of New York can enjoy sports betting online or at one of the many DraftKings NY Sportsbook retail locations. Simply download the DraftKings app and get started today!

How do you redeem a promo code on DraftKings NY?

+

The best part about the DraftKings NY promo code is that there isn't a specific code. Simply click our link, create your account and add funds to play with. The DraftKings New York Sportsbook promo offer will automatically be redeemed.

Ravens Super Bowl Odds Update And First Look At Week 14
Today
Here are all the ways to bet on the updated Ravens Super Bowl odds as we look ahead to Week 14 of the NFL season. Sign up with the best sportsbooks today.
World Cup Betting Promos And Bonus Offers For Today
Today
Here are the best World Cup betting promos and bonus offers for today. Sign up using World Cup betting promos and bonus offers to make your bets now.
BetMGM Louisiana Bonus Code ROTOBONUS: Saints MNF Promo
Yesterday
Use BetMGM Louisiana Bonus Code ROTOBONUS for a Saints MNF promo. Sign up using the BetMGM Louisiana Bonus Code ROTOBONUS to make your bets now.
Zach Brunner
Contributor since May 2022
Zach has contributed to both the fantasy sports and sports betting industries for several years. Along with his company FlurrySports, you may have seen Zach's work at Awesemo, FantasyPros, BettingPros, FanDuel and many others.
Follow Zach Brunner