DraftKings Sportsbook New York Promo Code – Get $50 Bonus On Deposit

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DraftKings New York is one the best sports betting sites in the state. It officially launched on January 8, 2022, becoming available to all New York residents with unlimited access. The DraftKings promo code NY gets new bettors a $50 Bonus Bet on deposits of $5 or more, a 20% deposit-match bonus up to $1,000, plus $150 in bonus bets instantly with a $5 cash bet.

Best NY sportsbook welcome bonuses

📱 Online Sportsbook💰 Welcome Offer🔗 Bonus Code
BetMGM SportsbookNo New York welcome bonusUse bonus code PLAYSPORTS to sign up
BetRivers SportsbookGet a Second Chance Bet up to $100 inUse bonus code BONUSPLAY
FanDuel SportsbookSign up for a No Sweat First Bet up to $150Click to claim promo

DraftKings Sportsbook NY has one of the best bonus offers among all the top tier NY sportsbook promos. Here’s what you get with the exclusive Bonus.com promotion link:

  • $50 Bonus BetDeposit any amount (minimum $5) to receive a $50 Bonus Bet instantly.
  • $1,000: DraftKings will match that first deposit by 20% up to $1,000.
  • Bet $5, Get $150 in bonus bets instantly

To receive the most out of your DraftKings NY promo code deal, deposit $5,000 to receive a $50 bonus bet instantly plus $1,000 credited to your account as you place bets ($1 in bonus money for every $25 wagered). And you’ll get another $150 in bonus bets when you place your first $5 cash wager.

The household name status of DraftKings in New York isn’t just because of relentless marketing campaigns. This is truly one of the most reliable, intuitively-designed sports betting apps in the US. From the massive selection of sports and types of bets to some of the most exciting promotions, DraftKings Sportsbook NY earns its throne.

DraftKings New York welcome bonus details in May 2024

🔗 DraftKings Sportsbook NY Promo Code:None needed
🤑 Bonus Bet:$50 Bonus Bet with $5+ deposit
💰 Deposit-Match Bonus:20% deposit-match bonus up to $1,000
🎉 Special Limited-Time OfferBet $5, Get $150
🤑 Best Feature:Instantly cash out winnings every day
🌀 Wagering Requirements:1x for bonus bets; 5x for deposit-match bonus
⭐ App Store Rating:4.8 out of 5.0 (336K reviews)
💳 Minimum Deposit:$5
✈️ Also Available In:AZ, CO, CT, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NH, NJ, NY, NC, OH, PA, TN, VT, VA, WV & WY
✅ Date Last Verified:May 2024

How Does The DraftKings NY Sportsbook Promo Code Work?

The DraftKings Sportsbook NY promo code link gets new bettors a $50 bonus bet no matter how much they deposit (minimum $5). But that first deposit is also matched 20% up to $1,000. So you can simply deposit $5 to receive $50 bonus bet, plus another $1 with the 20% match. Or you can deposit any amount up to $5,000 to take advantage of the 20% deposit-match bonus (for a total value bonus of $2,550).

Here’s a quick breakdown based on example deposit amounts:

  • $5 deposit = $201 bonus ($50 + 20% of $5 + $150) for a total of $206 in site credits betting money
  • $100 deposit = $220 bonus ($50 + 20% of $100 + $150) for a total of $320 in site credits betting money
  • $500 deposit = $300 bonus ($50 + 20% of $500 + $150) for a total of $800 in site credits betting money
  • $1,000 deposit = $400 bonus ($50 + 20% of $1,000 + $150) for a total of $1,400 in site credits betting money
  • $5,000 deposit = $1,200 bonus ($50 + 20% of $5,000 + $150) for a total of $6,200 in site credits betting money

Note that the deposit-match bonus is not instantly credited to your account. While the $50 is made immediately available after a $5+ deposit, you receive $1 of the deposit-match bonus for every $25 wagered. That’s essentially a 5x wagering requirement.

And don’t forget, you also get $150 in bonus bets when you make your first $5 cash wager. These bonus bets are delivered as six $25 bonus bets.

Tracking Your First Deposit

New customers can now track their deposit bonus progress at DraftKings to see how much deposit bonus they have earned up to the hour (first deposit only). The more you play, the more funds you’ll earn, and you will be able to track your progress to make sure you receive the full benefit of your bonus.

DraftKings New York Promotions May 2024 for All Customers

After you sign up at DraftKings Sportsbook in New York, you have access to promo codes for existing customers as well. Here are some of the deals going on now:

  • MLB STEPPED UP SGP: Build your MLB Same Game Parlay and get up to a 100% Profit Boost!
  • TOP 20 Golfer Profit Boost: Pick to finish in the top 20, boosted 20%!
  • Sportsbook Profit Boosts: 44% FOR 4/4: Opt in for a 44% boost on a 4+ leg parlay.
  • Refer-a-Friend: Share your unique link with a friend and get $100 in bonus bets when they make a deposit.
  • Daily Free to Play Pools: Climb the leaderboard and win cash prizes in the daily free-to-play pools!

Create a new DraftKings New York account or log in with an existing account to claim these deals or any other that becomes available to existing customers.

DraftKings Sportsbook NY Review – What You Can Expect

Reasons to join the DraftKings NY Sportsbook go well beyond the promo code offer. What you can bet on with that bonus money makes this sports betting app truly special. New Yorkers now have access to the following types of bets at DraftKings Sportsbook:

BetHow This Type Of Bet Works At DraftKingsAverage Odds
MoneylineBet on a team to win.Varies widely
Points SpreadBet on the favorite to win by more than the spread or the underdog to win or lose by less than the spread.-110
TotalsBet on the total score to be Over/Under DraftKings' guess.-110
ParlaysCombine multiple bets into a single wager. All bets (called 'legs') have to win for the parlay to win.+600 for 3-leg parlays with -110 odds each
Same-Game Parlays (SGP)Combine multiple bets on a single game into one wager.Varies widely
Same-Game Parlay Extra (SGPx)Combine multiple same-game parlays into a single wager.Varies widely
Prop BetsBets on the performance of a player or team separate from the outcome of the game.Varies widely
FuturesBet on an major event in the future, such as betting on the current odds of winning the Super Bowl 2023.+120 to +3000 and longer
Live BettingLive betting means betting while a game is in-progress, such as during a play (in-play live betting) or at halftime (in-game live betting).Varies widely
PleasersParlay with points spreads adjusted in the sportsbook's favor to make it harder to win (for a higher payout).Around +800 for 3-leg pleasers
TeaserParlay with points spreads adjusted in the bettor's favor to make it easier to win (for a lower payout).-110 to -140 for 2-leg teasers

Bettors will always find some of the most competitive lines, creative promotions, and biggest profit boosters at DraftKings Sportsbook NY. And, while you play, you earn Dynasty Rewards points that can be cashed in for bonus money and other prizes.

DraftKings NY Fast Facts

  • Robust, reliable online sports betting app
  • Dozens of daily odds boosters and a wide range of ongoing promotions
  • Access to Daily Fantasy Sports (DFS)
  • Dynasty Rewards program for all members
  • Retail sportsbook located in Waterloo at del Lago Resort & Casino

Reliable Platform

A reliable app is practically essential with most sports bettors wagering on their mobile devices. And no app has a better score or as many reviews as DraftKings. With a quarter of a million users rating the platform 4.8 out of 5.0 stars, that’s truly as good as it gets.

Why does app reliability matter? It doesn’t if you’re just going there to place a pre-game bet on the most popular games. But anything beyond that and a bad app will show the true limits of its capabilities. If you like live betting (bets placed on a game in progress), you’ll have issues placing them with poor-quality apps. And if you want to look for a more obscure betting market, the best apps will get you there quickly and easily.

The DraftKings Sportsbook app offers the power and reliability that covers the needs of every type of bettor’s needs, offering thousands of markets across dozens of sports.

Daily Odds Boosters

You can always rely on DraftKings NY to offer some of the best odds no matter the event. But you can also always find odds boosters on the hottest games. Some examples of odds boosters include:

  • Automatically Enhanced Odds: Get a 25% to 100% odds boost on a select game line that’s automatically applied.
  • In-Game Event Bonus: You get an odds booster if a game goes a certain way. If not, you get the odds that you started with. So it’s a little bonus reward that’s always worth grabbing. For example, if no one scores in the first half of a soccer game, the odds are boosted by 25%.
  • Parlay Boosts: Popular two-leg parlays are often tied to odds boosters, particularly for NFL games—for example, a team to win and a player to get the over on rushing yards.

DraftKings Sportsbook NY & DraftKings DFS NY

Bettors can earn Dynasty Rewards points (the DraftKings rewards program) by playing daily fantasy sports (DFS) at DraftKings DFS and betting on sports at DraftKings Sportsbook. The DFS platform launched in New York a while back, so if you’re already a member, you’ll automatically have access to DraftKings Sportsbook upon launch.

But everyone who joins DraftKings Sportsbook can access DraftKings DFS using the same login and bankroll. That means you can buy into a DFS contest one minute and bet on sports the next. However, because DFS is accessible in most US states but the sportsbook is not, the two platforms are available on two different apps. You can also access them at the same time at DraftKings.com.

Learn more about DraftKings Dynasty Rewards and all the ways to earn points.

Retail DraftKings NY At Del Lago Resort & Casino

The retail DraftKings Sportsbook is also available for betting in person at del Lago Resort & Casino in Waterloo, NY, halfway between Rochester and Syracuse. The sportsbook is in a designated area of 6,000 square feet and features 1,000 square feet of LED TV screens, 23 betting kiosks, and four betting windows. Bettors can also enjoy a full food and drink menu, including over 30 beers on tap. But, of course, it’s also all just a step away from casino gaming, including slots, table games, and poker rooms.

Other retail sportsbooks powered by upcoming sports betting apps include:

BetMGM NY Sportsbook is a mobile online sportsbook, meaning it does not currently offer a retail sportsbook in the state. But there is one at Borgata Casino in Atlantic City, a betting outlet frequented by New Yorkers.

Key Features of DraftKing NY Sports Betting App

Types of bets offered: Points spread, moneyline, totals, parlays, futures, live betting, team props, player props

Rewards program: Yes, Dynasty Rewards gives players points for betting, playing DFS, and shopping online at DK and its retail partners.

Sports leagues available: All major league; college sports (except NY teams per state law); individual sports like golf, tennis, and MMA; and most international sports.

Available via: iOS app, Android app, Web browser

Deposit methods: Credit/debit cards, Play+ card, PayPal, online bank transfer, ACH/eCheck, casino cage at del Lago Resort & Casino

Minimum deposit: $5

Betting limits: Winnings are capped at $1 million for NFL, NBA, and MLB, and between $250,000 and $500,000 depending on the sport

DFS offer: Yes, DraftKings DFS is currently available in New York State.

DraftKings Casino: No, New York did not legalize online casinos.

License Information: DraftKings New York Sportsbook is a licensed sports betting app through a partnership with operator FanDuel, licensed through the New York State Gaming Commission.

Learn more about legal online sports betting in New York.

Deposit Methods At DraftKings Sportsbook NY

You can deposit DraftKings Sportsbook in New York using the following methods:

Deposit MethodMinimum DepositHow long for funds to appear in my account?
VISA Debit/Credit Card$5Generally instant
MasterCard Debit/Credit Card$5Generally instant
American Express Debit/Credit Card$5Generally instant
Discover Debit/Credit Card$5Generally instant
ACH/eCheck$5Generally instant
PayPal$5Generally instant
Prepaid Card$5Generally instant
Wire Transfer$55-7 days
Casino Cage Deposit$5Generally instant

Important Note: We strongly advise against using a credit card to fund a sports betting app, including DraftKings. Credit card companies usually consider deposits cash advance charges, which means lower maximums, higher interest rates, and fees. No other forms of payment have fees, at least not that we know of, and DraftKings doesn’t charge any.

How To Cash Out At DraftKings Sportsbook NY

The following withdrawal methods are available at DraftKings NY Sportsbook:

Withdrawal MethodMinimum CashoutHow long for funds to appear in my account?
ACH/eCheck$202-7 days
PayPal$202-7 days
Play+Prepaid Card$202-7 days
Check By Mail$201-2 weeks
Casino Cage Cashout$20Instant

However, you can’t withdraw the bonus money. It has to be bet first before it’s turned into withdrawable cash. This is standard across all online sportsbooks.

For example, if you deposit $100 after using the DraftKings NY Sportsbook promo code, you’d receive $50 bonus, plus $20 in betting credits. Of course, you can’t simply withdraw that $70, but you can bet the bonus money (known as DK dollars) once, and the remaining funds are free to withdraw.

How Can You Play At DraftKings Sportsbook NY?

  • DraftKings Sportsbook NY iOS App: Search “DraftKings Sportsbook” in the App Store to find and download the iOS app.
  • DraftKings Sportsbook NY Android App: Search “DraftKings Sportsbook” in the Google Play store to find and download the Android app.
  • DraftKings Sportsbook NY Via Web Browser: DraftKings is available via web browser at DraftKings.com, and the site is accessible on mobile devices and computers.

Should You Use The DraftKings Sportsbook NY Promo Code?

There’s a reason DraftKings is among the most popular and respected sportsbooks in the US. It offers huge market depth, compelling ongoing offers, and often-unbeatable odds, making it a top-tier choice for online sports betting. The DraftKings Sportsbook in New York is poised to be no different, and the highly-competitive market means you can look forward to tons of daily specials as the app tries to bring in more bettors.

All in all, it truly doesn’t get better than DraftKings, and we’d bet it will consistently sit among the top three options in the state.

Should You Use The DraftKings Sportsbook NY Promo Code?

Yes, all sports bettors in New York State will get something out of the DraftKings NY promo code. The lowest-budget players can get a $50 bonus bet just for depositing $5. Meanwhile, the high-rollers will love getting $1 in bonus money for every $25 they bet (up to $1,000 total) – must deposit at least $5,000 to get the maximum amount. And finally, you’ll get an additional $150 in bonus bets when you place your first bet for at least $5 in cash.

If you or someone you know has a gambling problem, crisis counseling, and referral services can be accessed by calling 1-800-GAMBLER. Gambling problem? Call 1-800-GAMBLER. 

21+. NY launch pending regulatory approval. Currently available in AZ, CO, CT, IL, IN, IA, MI, NH, NJ, PA, TN, VA, WV, and WY only. Licensed by the New York State Gaming Commission. Eligibility restrictions apply. See sportsbook.draftkings.com for details.

DraftKings New York Sportsbook FAQ

What is the DraftKings New York Sportsbook promo code?

The DraftKings New York Sportsbook promo code is applied with our exclusive link. Use it to receive $50 bonus bet with any deposit, a 20% deposit-match bonus up to $1,000, plus a Bet $5, Get $150 in bonus bets limited-time offer. Terms and conditions apply.

Has DraftKings NY Sportsbook started?

Yes, DraftKings NY Sportsbook is now live in New York State. Everyone 21 and up and physically located within New York State lines can bet online via the DraftKings Sportsbook app or directly on the website.

Is DraftKings Sportsbook NY legit?

Yes, DraftKings Sportsbook in New York is a legit, safe place to wager money. The publicly-traded, heavily-regulated company employs the highest levels of security and has Responsible Gaming measures in place to prevent problem gambling.

What is the age requirement for DraftKings New York?

18 or 21. The age requirement for DraftKings Sportsbook is 21 and up. The age requirement for DraftKings DFS is 18 and up.

Can I bet on college sports at DraftKings Sportsbook New York?

Yes, you can bet on college sports at DraftKings NY, but not on in-state college schools. DraftKings NY Sportsbook will allow betting on all D1 college events except those that take place in New York or have New York State colleges participating. For example, you can bet on a college football game between Penn State and Michigan State, but not on a Syracuse vs. NC State game.

How do you get paid if you win at DraftKings Sportsbook?

Online bank transfer, PayPal, and other methods. DraftKings Sportsbook allows for a wide variety of withdrawal methods that cover most of the preferred cashout services. Bettors can also fund their account and receive winnings in cash in-person at the del Lago Resort & Casino cage.

Does DraftKings Sportsbook NY offer live betting?

Yes, DraftKings Sportsbook New York will offer live betting on all major domestic sports and select international sports. Live betting involves placing a bet after the game begins, and the powerful DraftKings Sportsbook app offers an easy, reliable live betting platform.

What is the best deposit option at DraftKings Sportsbook?

PayPal and online bank transfer are the easiest, most reliable deposit methods at DraftKings Sportsbook. Both make funds instantly available and come with zero fees.

About the Author

Mike Epifani

Mike Epifani

Casino Content Manager
Mike Epifani is a gambling expert and professional writer with more than a decade of industry experience. His current role is Brand Content Manager at Bonus.com, part of the Catena Media network. Mike has written hundreds of guides on online casinos, casino gaming, sports betting, sweepstakes sites, and lottery play.
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