DraftKings NY Free Bonuses | How To Turn Promos Into Free Money In Empire State

Written By Brian Sausa on February 8, 2022

One of the very best things about being a sports bettor in a new market is taking advantage of welcome offers and promotions being offered by online betting sites. In many cases, these bonuses amount to what is essentially free money to bet with.

Now that mobile wagering has arrived in New York, those in the Empire State are quickly learning about the benefits of belonging to a site such as DraftKings Sportsbook, and much of that has to do with the free money you can win with the bonuses and promotions that are available to you.

An industry leader in any state where it operates, DraftKings is known for its generous offers for both new and existing customers. When you boil it all down, many of these deals result in free money of some kind and it can make a huge difference between earning profits right off the bat.

Below, we’ll go through several ways you can claim a DraftKings free money bonus and use it to your advantage on the sportsbook app.

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DraftKings NY Free Money Bonuses

Mobile sportsbook welcome offers are centered around offering bettors free currency of some kind, and few are as generous or coveted as what’s offered at DraftKings. This two-part welcome offer combined a no-deposit bonus in the form of a free bet with a deposit match, offering you up to $1,050 right away!

DraftKings Free Money Welcome Bonus | Up To $1,050 When Signing Up

DraftKings is making it extremely easy for bettors in New York to claim a useful bonus because it offers a free bet and a deposit match as part of its offer. Free bets let you bet without risking any of your own money, and deposit matches add greatly to your currency total, making this the perfect gift.

First, register with DraftKings and receive a $50 free bet just for signing up. From there, make your first deposit and receive a 20 percent deposit match up to $1,000! That means if you deposit $500, you’ll receive an extra $100 in DK dollars just for doing so! But you can deposit up to $5,000, which will give you $1,000 in DK dollars and let you take full advantage of this promotion.

Once they hit your account, free bets can be used for a wide range of bets on the sportsbook including moneylines, spreads, totals, props, futures, and parlays! Keep in mind that free bet amounts are not included in winnings, and all free bets must be used within seven days of being issued, while DK dollars are just added to your account balance the same as a cash deposit.

To recap, how to win free money from a DraftKings welcome bonus is to complete the signup process for your $50 free bet, then deposit for an extra 20 percent of your investment being matched in DK dollars.

DraftKings NY Free Bet Offers | Bet $5, Win $280 In Free Money

Depending on the time of year, DraftKings could have an accompanying promotion for new players to take advantage of with their very first bet. Luckily, New York went live as the NFL playoffs commenced, and DK has an unbeatable promo that results in $280 worth of free money in the form of DraftKings free bets.

The way the promo works is incredibly simple. After signing up and making a deposit, place your first wager or the moneyline of your choice for any NFL playoff game. No matter the odds, the line will enhance to +5600 (in celebration of SB LVI, of course) instead. If your selection wins, the prize is yours.

While the max bet is $5, you are still on track to earn $280 in free bets, paid out in the form of seven separate $40 free bets, which can be used to take multiple risk-free shots at huge profits.

So again, how can you earn money from a DraftKings bonus like this one? Just make your first deposit and head over to the NFL section so you can place a $5 moneyline wager on the team of your choice. That’s it!

​​Join DraftKings In NY & Get $1,050 in Bonuses + Bet $5, Win $280!

DraftKings NY Free Money Promotions | Claim Free Bet Bonuses From DK Promos

The rewards aren’t only for those first getting started with DraftKings, as being an active member of the community has its privileges in the form of an endless stream of promotions that result in free bets and DK dollars being dished out. There are several DraftKings free money promos to keep an eye out for depending on the season, and we’ll detail some of them below for anyone just signing up in the Empire State or anywhere else:

DraftKings Same-Game Parlay Bet & Get

One easy way to get free money from DraftKings is to take part in its many rolling same-game parlay promotions for the NBA and NFL, referred to as a Bet & Get. These offers are exactly what they sound like, as the sportsbook will reward you with a free bet whether you win or lose.

Recently, DK offered bettors in New York a $10 free bet just for placing a same-game parlay of $10 or more on that evening’s Knicks game. Another SGP free money offer is tiered and awards free bets depending on the amount you spend on SGPs in a given time period.

One perfect example is the NFL playoffs, specifically the Divisional Round. This same-game parlay Bet & Get rewards bettors for placing SGPs throughout the weekend You can earn anything from a $5 free bet to a massive $150 free bet, and the exact rewards go as follows:

  • $10+ in cumulative NFL SGPs = $5 Free Bet
  • $50+ in cumulative NFL SGPs = $30 Free Bet
  • $100+ in cumulative NFL SGPs = $70 Free Bet
  • $250+ in cumulative NFL SGPs = $150 free bet

NBA & CBB Same-Game Parlay Insurance

Because same-game parlays are so popular, DraftKings occasionally offers insurance on them for both collegiate and professional basketball games. After you opt-in, place a 4+ leg parlay and if only one leg loses, receive a free bet equal to your original stake, up to $25!

DraftKings No Brainer Bets

These involve the sportsbook essentially giving out free money and you don’t even need to think about it before placing them. They are most commonly offered in new markets and are one way to guarantee some profits coming back into your account.

One recent example of a ‘No Brainer Bet’ would be DK offering you up to $25 at +100 odds for the Spurs and Nets to score a point in an NBA game. Since this is a certainty, you were just being handed $25 in profit.

DraftKings Referral Bonus Up To $100

If you refer a friend you DraftKings, there could be up to $100 in it for the both of you! All you have to do is send a referral link for your friends to sign up with. Following their registration, your account will be credited with a free bet up to $100, depending on how much they deposit! If your referral invests $100 or more, you get the full amount, and so do they!

Which Sports Can I Bet On At DraftKings NY?

Whether you’re using your own money or some of the funds the site has supplied via welcome bonus or promo, there’s a huge range of what you can bet on. The list of eligible sports includes but is not limited to:

  • Football (NCAA, NFL)
  • Basketball (NCAA, NBA, etc.)
  • Baseball (MLB)
  • Hockey (NHL)
  • Soccer (40+ Leagues)
  • Golf
  • Boxing/MMA
  • Tennis

The above list just scratches the surface of what is offered at DraftKings. Regardless of the sport or type of bet you are looking for, the sheer volume of the betting options ensures all bettors can find something that suits their preferences.

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Brian Sausa Avatar
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Brian Sausa

Brian Sausa is a longtime sports content creator with extensive betting experience and knowledge of the industry. A journalism graduate with a ranging sports background, Brian has been employed by multiple professional leagues including MLB, MiLB, and the NHL.

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