DraftKings Daily Fantasy Sports – $500 Bonus on DFS

Jonathan Askew profile picture
Sports Editor Fact Checked by Nick Raffoul

DraftKings are undoubtedly one of the biggest Daily Fantasy Sports (DFS) sites in the world and we think it’s fair to say, one of the best. Working closely with the brand we’re able to bring you an exclusive DraftKings promo code that you will access you a $500 bonus.

The Boston-based team was one of the first to take the plunge with online DFS betting. At a time where online betting in the US was problematic, DraftKings, amongst others, started to think outside the box and created a niche almost from nothing.

As a result, they’ve now created a multi-billion-dollar industry in daily fantasy sports and with it, a platform that most of their rivals can only marvel at.

Throughout this article, we wanted to highlight our exclusive DraftKings promo code which is “SAFE”. On top of that, we also want to take a deeper look at what sort of offers you can claim from the DFS section, as well as the rest of the site.

DraftKings Promo Code

One of the biggest markers of the almost overnight success of DraftKings is that they’ve quickly expanded into other avenues outside of DFS. They have a strong sports and casino section, which allows them to offer a package that very few can.

As you’ve likely landed on this page to get a look at what DraftKings promo code you can access for DFS, we’ve taken the time to look at both sports and casinos, to create a triple-header of DraftKings bonus codes.

The table below will highlight the welcome offers that you can claim alongside the DraftKings promo code that you need to use to access each of them. Please note that whilst you only need one account to access each product, you can only claim one of these welcome offers.

DraftKings Offers DraftKings Bonus Description DraftKings Promo Code
Sports 20% deposit match up to $1000 SAFE
Casino 100% deposit match up to $1500 SAFE
DFS 100% deposit match up to $500 SAFE


DraftKings Daily Fantasy Sports - $500 Bonus on DFS

How to Claim the DraftKings Promo Code

The first thing that you need to note regarding the DraftKings promo code is that it’s “SAFE” and this applies to all the products that you can claim. Again, we must mention that you can only claim one of these offers as a new customer.

We also want to add at this point that, even though we’re predominantly talking about the DFS side of things for this article, it’s not necessarily the best offer that they have if you partake in sports betting or casino. We go into more depth with each welcome offer later.

Opening an account is simple with DraftKings and they’re only not available in 7 states (Arizona, Hawaii, Idaho, Louisiana, Montana, Nevada, and Washington) making it incredibly accessible. They even offer the option to sign up with Facebook, linking your two accounts.

However, we would offer a word of caution when registering with Facebook. The main reason is that when it comes to entering your DraftKings promo code, you can’t do this when creating your account with Facebook. You need to then contact customer support to have it applied to your account. This is a feasible process if that’s the road you want to go down, but it’s a lot more time-consuming.

Creating your account from scratch within the DraftKings is without doubt the way to go. It’s very simple to apply your DraftKings bonus code and you’re able to complete the whole process within just a few minutes.

Like all online betting or DFS sites, you’re going to need to verify your account at some point. Most of the time you’re prompted before you withdraw any money, but our advice is to reach out as soon as you’ve signed up to verify straight away. This saves a ton of time when you’re looking to get a hold of your cash.

Below we’ve got a step-by-step guide of where you need to enter your DraftKings promo code within the registration process:

  1. Click here to go to the DraftKings homepage.
  2. Click on the green “Sign Up Free” button
  3. Enter all your information on the page and then at the bottom find the promo code box and enter “SAFE” to trigger the DraftKings promo code
  4. Complete your account sign-up process by accepting the T’s and C’s of the site and clicking the “Sign Up button at the bottom.

How to Use the DraftKings Promo Code

When you sign up with DraftKings our exclusive DraftKings promo code is going to enable you to claim a $500 bonus within the DFS section of the site. It’s one of the biggest DFS welcome offers that you can get and it’s also one of the most accessible.

Entering the DraftKings bonus code to claim the offer is a simple process and you’re going to be up and running in no time. However, we know that these things are as easy for some as they are for others.

If you’re new to daily fantasy sports or just new to signing up to online gaming sites in general, the process may seem a little alien. We want to take the time in this section to hold your hand and walk you through the sign-up process in detail to make sure there are no mistakes.

Without trying to add too much fear, if you miss the promo code at the start, you can’t later apply it to your account once you’ve made a deposit. Keep reading for our step-by-step guide on creating your account and claiming your DraftKings promo code.

Step 1: Username and Email

The first part of the process is choosing a username which you will need each time you log in. Given the sheer volume of people who are already registered, you need to be quite specific with your username to get one that’s unique. Try adding numbers if your favorite username is not available.

Along with the password, you’re also going to need to tag your account with an email address. Make sure that this is an address that you have access to as you’ll need it to verify your account.

As a bit of advice, we recommend that you set up an email address that you can use with all your DFS or online gaming sites. This way you can keep it separate from your main email if that makes things easier for you.

DraftKings Daily Fantasy Sports - $500 Bonus on DFS

Step 2: Country and DOB

If you’re from the United States, then the country will already be selected for you. At this point, you will also need to include your state as well.

However, if you’re not from the US then you’re able to change this to the country of your choice. DraftKings accepts players from all over the world and it’s worth noting that the DraftKings promo code of “SAFE” will be available for all accepted countries.

Take the time to make sure there are no typos with your date of birth. If you get it wrong, just by a single digit, you won’t be able to verify your account.

DraftKings Daily Fantasy Sports - $500 Bonus on DFS

Step 3: Enter DraftKings promo code

The most important part of registering an account comes in the form of entering your DraftKings promo code. This is done before setting up your account, so you need to make sure that you get it right straight away.

Simply enter the code “SAFE” into the promo code box upon registration and it will trigger the $500 bonus (or any of their product welcome offers) as soon as your account has been set up.

Once you click on the “Sign Up” button DraftKings will start to verify your location. Once it’s happy that you’re in a state that they accept players above (see above sections for more info) then your account will be ready to go and your DraftKings promo code will be active.

DraftKings Daily Fantasy Sports - $500 Bonus on DFS

Step 4: Verification

As we’ve mentioned previously, you’re going to need to verify your account at some point and we recommend that you do this soon rather than later. You can head to the “Account” section and then to the “verify me” section to get started.

For this, you will need to include your full name, address, and confirm your date of birth again. Once you’ve done this you will then need to confirm your social security number in some cases, however, this is not always needed for all accounts. We aren’t sure exactly what the criteria for SSN is, but we know that some accounts get asked, and others don’t.

That should pretty much complete your account setup and where to enter the DraftKings promo code. We’ve tons more info about other DraftKings bonuses later on this page.

Who Can Use the DraftKings Promo Code?

If you’re able to sign up for an account and make a deposit, then you’re able to claim the DraftKings promo code. All you need to do is use the code “SAFE” when you register your account and you’ll be eligible for the $500 bonus.

As with all offers of this type, DraftKings has a few rules that you need to adhere to to get access. We’ve included these below (full bonus T’s and C’s are outlined later in this article):

Who Can DraftKings?
  • Minimum age is 18, except those signing up in Nebraska or Alabama (19+), or Louisiana, Iowa, or Massachusetts (21+).
  • Can only be claimed once per welcome offer per product (DFS/sports/casino)
  • Employee or immediate family of employee are not eligible to claim the DraftKings promo code
  • Minimum deposit of $5
  • Maximum percentage claim of 20%
  • Supporting documents may be requested before withdrawing any bonus (account verification)

DraftKings Daily Fantasy Sports - $500 Bonus on DFS

How to Use the Bonus at DraftKings

Once you’ve created your account, you’re going to need to make your opening deposit to trigger the bonus.  As we’ve outlined, with the DFS bonus you’re getting a 20% match worth up to $500. So, to get the full bonus you will need a deposit of $2,500 or more.

The bonus is triggered with a single deposit of $5 or more. We were impressed to see that it comes with such a low trigger and whilst the percentage match (20%) is not the best, the lack of any brutal T’s and C’s makes the DraftKings bonus good value.

When the bonus has been applied to your account it’s now time to start clearing said bonus. To do this you need to wager $25 to release $1 of the bonus. Once the bonus money is released, it will be credited to your cash balance.

It’s also worth noting that you can clear this bonus in the sportsbook and the casino. The casino works with any game, but in the sportsbook, you need to make sure that the odds are -300 or higher to trigger a qualifying bet.

You’ll be able to see from your account that you have two balances. This is a little misleading as you don’t, but instead, you have a cash balance and then a progress bonus balance. It tells you how much of your bonus you have left to clear, and it’s bang up to date, which is great.

Clearing the bonus is going to be your number one priority when it triggers and you need to do so within 90 days of claiming the bonus. If you fail to clear the full amount within this period, then you’ll forfeit the rest of the bonus. It’s worth noting that any bonus cleared within this period you still get to keep, which is a nice touch as some bonuses will forfeit this as well.

How to Make a Profit Using the DraftKings Promo Code

Once you’ve triggered and claimed the offer using our DraftKings Promo Code it’s time to start thinking about the best way to use the bonus. The DraftKings offer isn’t like most bonuses where they give you a balance to use that you then need to clear, but instead you need to wager first before you release the bonus.

There are a couple of ways that you can go about releasing the bonus and we will touch on those next. But we wanted to highlight one of the key terms and conditions that comes with the bonus, which is that it will expire in 90 days.

Most contests with DraftKings don’t last that long. They’re usually a game week or a tournament at most, but some are season-long contests. The contest that you enter mustn’t take you over the clearance period to avoid losing out on the bonus.

With the DraftKings promo it’s not so much about making money from the bonus, but merely releasing it within the 90-day time limit. To do so you’re going to need to play high-volume games and we recommend that you don’t tie up too much money within a single contest. Spread your bets over multiple contests that last differentiating periods. That way, when one finishes, you can recycle your money into another contest.

We always recommend sticking with sports that you know. If you’re a huge MLB fan, go with these contests. If hockey is your thing, target these games. You might not always hit your number 1 sport mid-season, so you may have to adjust this slightly if so. Or you can wait to take the bonus at a time when your best sport is in full flow.

One of the best things about the DraftKings $500 welcome bonus is that you’re able to clear it by placing bets in the sportsbook and the casino. With sports, you need to make sure bets are priced at -300 or better, but with the casino, you’re able to play any game, and they all count the same.

Therefore, we think that playing in the DraftKings casino is one of the best ways to make a profit from the bonus and also release the bonus. Target games that have a low house edge, such as blackjack, meaning that you can play for long periods and likely not lose a ton of money, whilst also giving yourself the chance of making money.

If you do decide to play a game like blackjack, make sure you use a perfect blackjack strategy hand chart which will keep the house edge for the bet you make at its absolute lowest. You will likely be able to play a lot more here than you would within the DFS section of DraftKings.

If you decide that you want to play sports or a casino, there are welcome offers that you can claim for each of these as well. We’ve highlighted these in the box below. Use the DraftKings promo code “SAFE” for any of these welcome offers.

DraftKings Offers DraftKings Bonus Description DraftKings Turnover Requirements
DFS Up to $500 in bonus money, 20% match 90 days to clear the full bonus, $25 wagered releases $1
Casino 100% deposit match up to $1500 10x turnover within 30 days
Sportsbook Up to $1,000 in bonus money, 20% match 90 days to clear the full bonus, $25 wagered releases $1


DraftKings Promo Code Terms and Conditions

We’ve briefly outlined the promotions that you’re able to claim at DraftKings. As you can see, three welcome offers are currently on offer and with each, you can use the DraftKings promo code “SAFE” to trigger each of them.

All promotions that you claim come with several terms and conditions attached. Overall, the three promos are very transparent, and they are incredibly easy to follow. It’s one of the highlights of the whole site, so bear that in mind.

We have, however, including all the T’s and C’s for each offer below so you know exactly what is expected of you to clear each bonus.

DFS – Up to $500 Bonus Money

The main DraftKings offer is that of a $500 welcome bonus. But this doesn’t work like most welcome offers as, instead of getting a bonus balance straight away, you need to wager money to release the bonus to your account.

For example, this offer will release $1 for every $25 wagered. Let’s assume that you’ve $50 of bonus money. You wager $100. This gives you $4 of the $50 paid to your account, with $46 remaining to clear. It may not be how a lot of bonuses work, but it’s incredibly simple to use and to follow.

Here’s a full look at the T’s and C’s:

  • Use DraftKings promo code “SAFE” to trigger this bonus
  • 20% of your first deposit will be applied as a bonus of up to $500.
  • To claim max bonus a deposit of $2,500 is needed
  • For every $25 wagered in DFS, sportsbook (odds of -300 or higher) and casino, $1 of bonus money will be released
  • You have 90 days to clear the bonus with any remaining bonus after this time removed from your account
  • Wagers between the three products are cumulative
  • Only eligible for new accounts making their first deposit

Casino – 100% Deposit Match up to $1,500

If you decide that the DraftKings casino is more your thing, then you’re going to be able to claim up to $1,500 in bonus money. This is the biggest of the three offers, but it’s worth noting that if you’re not exclusively playing in the casino, then it’s going to be tough to clear.

Here are the full T’s and C’s for the casino offer:

  • Use the DraftKings promo code “SAFE” to claim the welcome bonus
  • The maximum bonus on offer is $1,500 which is a 100% match of your first deposit
  • Deposit and bonus needs playing through 10x before you can withdraw
  • 30 days to clear the bonus before it’s expired
  • Deposits made using cash or wire transfer are not eligible to claim this offer

Sportsbook – Up to $500 Bonus Money

The sportsbook bonus and the DFS bonus are almost identical to each other. The promotion works as a clearing bonus where you need to play to earn the bonus.

Here are full T’s and C’s of the DraftKings sportsbook bonus:

  • Use DraftKings promo code “SAFE” to trigger this bonus
  • 20% of your first deposit will be applied as a bonus of up to $500.
  • To claim max bonus a deposit of $2,500 is needed
  • For every $25 wagered in DFS, sportsbook (odds of -300 or higher) and casino, $1 of bonus money will be released
  • You have 90 days to clear the bonus with any remaining bonus after this time removed from your account
  • Wagers between the three products are cumulative
  • Only eligible for new accounts making their first deposit

Top Current Offers Available for New and Existing Customers

When we talk about the best in the business, a common theme always seems to arise. Almost every DFS site that we state is one of the “best” has an incredible range of promotions outside of the new player offer.

We rate DraftKings as one of the best DFS sites in the world right now and one of their biggest attractions is that of their promotions section. They have an incredible range to choose from and constantly changing, meaning that the site always feels fresh.

Some of the offers that you can get as an existing player are time-sensitive. We’ve listed a lot of them below but note that things such as game weeks in sports have been omitted. They are there and they are great, but by the time you read this, that offer would have expired.

Below we’ve included a range of the offers that you’re going to get your hands on. There is no need for a DraftKings promo code for any of these promotions and once you’ve got an account, all you need to do is simply log in.

  • Daily Rewards – Probably the best of the ongoing promotions, daily rewards allow you to claim a huge range of offers such as frequent player points (Crowns), contest tickets and DK dollars. The more you play, the more you earn.
  • Missions – Some missions are applied to the site each day and you can check them off when you log in to your account. Missions vary but usually include entering some sort of contest or wager a certain amount of money. The more missions you complete, the more Crowns that you win.
  • Achievements – These are linked to a range of the highest-profile sports on the site. The more rewards that you earn will then boost your state within the site. Each sport comes with around a dozen or so achievements, each with several Crowns that you then get once you’ve completed your mission.
  • Guaranteed Prize pool – The guaranteed prize pools are some of the most lucrative offers that you can get at DraftKings. Money can reach into the millions, and you will need to progress from your pool to get a chance of winning. As an example, they’re currently running a $4million guaranteed prize The Northern Trust PGA Tour event (golf) with $1million to the winner.
  • Tiered bet and get – Your weekly bets are totalled up in the sportsbook and depending on how much you wager, you will get a free bet. $100 gets $20, $250 gets $50, $500 gets $100 and $1,000 gets $250.

Compare Other Promo Codes

Whilst DraftKings is undoubtedly one of the best in the business right now, there are alternatives if you’ve already got an account or if you want to try somewhere new.

We’ve been able to work with several DFS sites to not only bring you exclusive welcome offers, but also exclusive DFS promo codes. In the table below you will see the sites that we promote, the offer in hand and the promo code needed to claim the offer.

DFS Site Welcome Offer Promo Code
DraftKings $500 bonus, 20% match SAFE
Monkey Knife Fight $100 bonus, 4% contribution SAFEBETTING
FanDuel SAFE
PrizePicks SAFE

Why You Should Sign Up with DraftKings – Pros and Cons

DraftKings is one of the biggest names in the DFS sector and is one of the top Tennessee sports betting sites. Whilst it’s not as competitive as say, sports betting, for example, there are still plenty of brands in this space to challenge the “big boys” at what they do best.

DraftKings is the best in the business right now. That might be a bold statement and it might be a statement that changes over time, but at the minute, there is no one better.

One of the biggest draws for us is the sheer scale of the site. They cover a ton of sports and with each sport has a great range of contests to choose from. Each contest is diverse from the other and the prize money that’s on offer is simply incredible.

Like all DFS sites, there are things that we think DraftKings can improve on. Below we’ve included a range of pros of cons for you to look at.

  • The biggest range of sports of any DFS site
  • The biggest range of contests of any DFS site
  • Huge prize pools that smash most of the competition
  • Great looking site that is easy to use and navigate
  • Prompt customer support and FAQ section should things go wrong
  • Links with sports betting and casino all using the same singular account
  • Leagues and social section that is buzzing with players
  • Huge range of entry fees suitable for all bankrolls
  • Ability to make private contests

What we don’t like:

  • The size means that contests can get tens of thousands of players, meaning it’s very hard to scoop them
  • Lack of high roller contests
  • Contests can be slow to upload and then update based on starting line-ups, often including players who are not in the squad/field

DraftKings Mobile Apps Available

The app is one of the highlights of the DraftKings brand. We’ve found ourselves moving more toward the mobile side of things as we’ve been testing, which is a testament to how good it is.

One of the highlights is accessibility. With it, you can download directly from the App Store for iOS and Google Play Store for Android. You’re also able to head straight to the site on your mobile browser if you would prefer to not download the app.

It’s worth noting that DraftKings also has dedicated apps for both sports betting and casino. Again, you can download both from the App Store.

Payment Options

You’re going to get access to a decent range of banking options with DraftKings. Don’t forget, when to sign up and before making a deposit is when you need to enter the DraftKings promo code “SAFE” to get access to the exclusive welcome offer.

No deposit or withdrawal will ever incur a fee from DraftKings. However, they do state that some card handlers may include fees of their own, so it’s worth checking with your bank if you’re not sure.

Banking Method Deposit Time Minimum Deposit Withdrawal Time
Visa Instant $10 3-5 Banking Days
Mastercard Instant $10 3-5 Banking Days
Discover Instant $10 3-5 Banking Days
American Express Instant $10 3-5 Banking Days
Bank Wire N/A N/A 3-5 Banking Days
PayPal Instant $10 3-5 Banking Days

More Offers and Promotions at DraftKings

The range of offers and promotions at DraftKings is second to none. Below we wanted to talk a little more about what the DraftKings promo code can offer you.

Sports Promo Codes

The main promotion from the sports betting site is a $1,000 bonus. To trigger this offer you’re going to need to enter the DraftKings promo code “SAFE”.

It works in much the same way that the DFS bonus does in that, it comes as a 20% match of your initial deposit and then you release the bonus as you play. For every $25 wagered, you get $1 of your bonus balance moved to your cash balance.

One of the best things about this offer is that there are very few terms attached. You need to make sure that qualifying bets are placed at odds of -300 or higher and that you complete the bonus within 90 days.

Outside of the welcome offer, the sports betting section is brimming with existing player promos. Tiered bet and get is about as they come, rewarding you with a free bet each week based on how much money you’ve wagered over the past 7 days.

DFS Promo Codes

Whilst DraftKings does cover all bases when it comes to online gaming, they are best known for their work with daily fantasy sports. The welcome offer for this comes with a $500 bonus and this, like the sports welcome offer, is a 20% match of your initial deposit.

Claiming it is very simple and you get $1 paid back for every $25 staked. It also comes complete with a 90-clearing period, which is longer than you get for most DFS welcome offers.

The promotions section for DFS is incredible, to be honest. There were over 25 running at the time of writing and whilst most are time-sensitive, they were able to include several longer running promotions as well.

None are more lucrative than the rewards section. For this, you earn points when you play. These points (Crowns) can then be converted into prizes that you can claim from the DK store. This also ties in with the achievements section of the site, which needs to be unlocked as you play.

Customer Service

The range of methods to contact customer service is another impressive attribute. Not only of you get a direct email address, but you also have Twitter, phone numbers, and online contact form and even a brick-and-mortar address in three countries, no less.

We’ve used the service a lot during testing, mainly to find out things about the bonus or some of the promotions that they were running. We’ve no complaints at all here and each request was responded to in a timely, and informative manner.

Promo Code FAQs

Where do I enter the DraftKings promo code?

Is DraftKings or FanDuel better?

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Jonathan has been working within the iGaming sector since 2007. After graduating with a BA Hons in Marketing from Northumbria University, he's been able to set up his own online content business, working with some of the biggest brands in the iGaming sector. Outside of work he enjoys any type of sports, especially cricket, golf, football and darts.