DraftKings New York offers some of the most exciting, creative and generous sign-up bonuses in the state. You need to wager just $5 to unlock a series of bonus bets after signing up for an account with this popular online sportsbook. For example, the current DraftKings NY welcome bonus is a "Bet $5, Win $200" deal, and there have been lots of similar offers this year.

You can also win bonus bets and other prizes every day by taking part in free-to-play pools at DraftKings New York. Additional benefits include a referral bonus, parlay promotions and a loyalty program called Dynasty Rewards.

This page breaks down the main DraftKings promo code NY offers and highlights the wagering requirements attached to them. We will also provide a thorough review of DraftKings New York, covering the betting options, the strength of the odds, the withdrawal speeds, the software and much more for one of the top New York sports betting operators.

DraftKings NY Promo Code

The current DraftKings promo code NY is a "Bet $5 on any NFL moneyline, Win $200 in bonus bets" bonus. This is very attractive - especially to casual bettors - because you only need to risk $5 of your own money. Just sign up for a DraftKings New York Sportsbook account, deposit $5 and place a bet on an NFL moneyline. Win and you will receive eight bonus bets, each of which is worth $25.

There are no minimum odds restrictions, so you can bet on a heavy moneyline favorite. The bet tokens come with just a 1x playthrough requirement. That means you only need to place a single wager with them, and any profits earned will go into your cash balance. You can then withdraw the funds or place additional bets.

The DraftKings Sportsbook promo code changes regularly, but it generally follows a similar format. For example, in the build-up to Super Bowl 56, there was a "Bet $5, $280" deal. It allowed new customers to bet on either team at boosted odds of 56/1 (+5600). Anyone that bet on the Rams was given seven $40 bonus bets. There was a similar "Bet $5, Win $200" bonus during the NFL playoffs, and DraftKings Sportsbook has also run "Bet $1, Win $100" bonuses on NBA games and UFC bouts in the past.

There is sometimes an alternative welcome bonus. It is a 20% deposit bonus match offer worth up to $1,000. This DraftKings Sportsbook promo code comes with a 25x release requirement, so you would need to deposit $5,000 and place $25,000 worth of bets to unlock the full $1,000 in bonus funds. To sweeten the deal, DraftKings sometimes chucks in a $50 bonus bet as part of the package. That deposit match bonus may appeal to players with large bankrolls, but casual bettors may prefer the "Bet $5, Win $150" or "Bet $5, Win $200" DraftKings promo code NY offers.

Available DraftKings New York Promotions

DraftKings is one of the most popular sports betting apps in the country, and its appealing promotions and promo codes have helped it earn that status. Here are just a few of the ongoing bonuses that DraftKings Sportsbook customers can enjoy on a recurring basis:

Daily Pools

All New York DraftKings Sportsbook customers can take part in a series of free-to-enter pools every single day of the week. Just select the "Pools" option on the DraftKings NY Sportsbook menu to see a list of contests. The average prize pool is $5,000. Some are sponsored by external companies, such as Blue Moon or Verizon, while others are funded by DraftKings Sportsbook.

The prizes take the form of site credit, known as DK Dollars, which can be used to place bonus bets. You simply have to make predictions on sporting events. The players that make lots of correct guesses will rise to the top of the leaderboard. The winner takes the largest prize, but you can normally earn a $1 bonus bet by finishing in the top 2,250. There are often more than 10,000 entrants per contest, so you need to make reasonably strong predictions to win a prize at DraftKings NY Sportsbook.

Parlay Bonuses

DraftKings New York runs parlay bonuses on an intermittent basis. For example, it recently offered same-game parlay insurance on NBA and NHL games. You would receive your money back - up to $10, paid as a bet token - if one leg lost, causing the same game parlay to fail. Check the DraftKings New York promotions page within the app or the website to see if any parlay offers are running when you log in.

Referral Bonus

You will receive bonus funds if you refer friends to DraftKings New York Sportsbook. You can request a referral link and send it to your friend. If your friend creates a DraftKings Sportsbook account and makes a deposit of $25 to $49, you and your friend will each receive a $25 bonus bet. If your friend deposits $50 to $99, you will both get a $50 bonus bet.

If the first deposit from your friend is $100 or greater, DraftKings New York Sportsbook will give each of you a $100 bonus bet. The bonus funds have a 1x playthrough account. Friends are ineligible if they already have a DraftKings Fantasy account. This is one of the top referral programs among sports betting apps in New York.

Odds Boosts

DraftKings Sportsbook occasionally offers odds boosts for all customers. They were reasonably common at one point, but now they are rare. DraftKings Sportsbook in New York offers odds boosts for new customers via its "Bet $5, Win $150" and "Bet $5, Win $200" bonuses, and we hope to see more additional odds boosts in the future.

DraftKings Sportsbook App

The DraftKings sportsbook app is excellent. It has an average rating of 4.8 stars on the App Store and 4.5 stars on Google Play. Only FanDuel New York has a higher average rating across both stores.

The app runs on proprietary technology from SBTech, a company DraftKings acquired a couple of years ago. It is very slick, fast, attractive and user-friendly.

Whether you're betting on an NFL game or looking to place a futures bet on the NBA Finals, the DraftKings mobile app makes it simple. It provides a very similar experience to the DraftKings desktop website, but with additional shortcuts to speed things up for mobile bettors.

DraftKings NY Promo: Pros and Cons

Pros

• Very generous, low-risk welcome bonus

• Free-to-enter daily pools offering appealing prizes

• Rewards program covers DraftKings Sportsbook and DFS contests

Cons

• Fewer ongoing promotions than some competitors

• No customer support phone line or live chat

• No live streaming

What We Like About DraftKings New York Promo Code

The DraftKings promo code NY is a low-risk, high-reward offer. You only need to wager $5 of your own money, and you could receive six $25 bonus bets. Each bonus bet has just a 1x rollover requirement, giving you a great chance of earning a cash profit that vastly exceeds your $5 initial risk amount. You can use them on any sports betting market too, with no minimum odds restrictions.

We also like the way DraftKings NY regularly changes its promo code offers. Some rivals stick to the same offer on a continual basis, whereas DraftKings New York regularly mixes it up. The offers tie in with major sports betting events, such as the Super Bowl, NBA Finals, March Madness betting and so on, which keeps things exciting. After signing up a DraftKings Sportsbook New York account and claiming the welcome bonus, you can earn bet credit via lots of additional promos, including the daily pools and the referral bonus, so there is a lot of value on offer.

DraftKings Promo Compared to Other Sportsbooks

The other online sportsbooks in New York require you to risk more of your own money if you would like to claim a welcome bonus. FanDuel and BetMGM New York offer first-bet offers worth up to $1,000 for new customers. You need to wager a minimum of $10 to qualify, and you get a refund - paid as bet credit - if it loses. There is a very similar offer via the Caesars Sportsbook NY promo code - called "First Bet Insurance up to $1,250 - but it requires you to deposit and wager a minimum of $20 minimum to qualify.

At DraftKings, you need to win to receive the bonus bets, so it is more of an odds boost sign-up bonus. The DraftKings promo code NY stands out by offering 40x your risk amount.

DraftKings New York Sportsbook Features

DraftKings is one of the best online sports betting sites in the business. It offers a clean, user-friendly interface, with competitive odds on a broad array of leagues. There are some useful features designed to enhance the user experience too. Here are some of our favorites:

DraftKings Live Betting

Your sports betting experience doesn't end when the game begins at DraftKings NY. This sportsbook offers lots of live betting markets that update in real time and are available throughout the course of a game. You'll need to be quick, because the odd and the lines change rapidly, but that is possible thanks to the fast and responsive interface at DraftKings NY mobile app or website.

Early Bet Cash Outs

You can hit the cash out button on a live bet at DraftKings New York. For example, let's say you bet on the New York Jets to beat the Cleveland Browns and they are 3 points ahead in the final quarter. If you are worried they might lose their lead, you can cash out early, locking in a profit without having to worry about the Jets capitulating in the remainder of the game.

Same-Game Parlays

You can create a same-game parlay on football, basketball, baseball, hockey and soccer at the DraftKings Sportsbook app and website. Same-game parlays are very easy to create via a dedicated tool, and the cumulative odds tend to be more generous than those at many rival online sportsbooks in New York.

DK Nation

The DK Nation blog provides news, insight and analysis on the biggest sporting events of the week. Daily Fantasy Sports contests are the key focus, but you can find some interesting sports betting insight too.

What to Bet on With DraftKings New York

The DraftKings Sportsbook app and website run on a proprietary platform built by SBTech, a company that DraftKings merged with in 2020. It covers a wide range of sports in detail. If you sign up for a DraftKings NY account, you can bet on:

• Aussie Rules

• Baseball

• Basketball

• Boxing

• Cricket

• Cycling

• Darts

• Football

• Golf

• Handball

• Lacrosse

• MMA

• Motorsports

• Rugby League

• Rugby Union

• Snooker

• Soccer

• Softball

• Tennis

Volleyball sometimes appears on the list too, and you will find athletics and winter sports during the Olympic Games. DraftKings Sportsbook stopped covering table tennis after Russia invaded Ukraine, as many of the matches are held in Russia.

The main sports are covered in great detail at DraftKings NY. Whether you're looking to roll the dice on the Giants to win the NFC, or you want to make a futures bet on the winner of the PGA Championship, it's available at DraftKings Sportsbook. The sections on smaller sports such as cricket and snooker are also comprehensive, and it is a great option for anyone interested in betting on soccer.

DraftKings Odds

The online sports betting odds available at DraftKings are competitive with those found at FanDuel, Caesars and BetMGM. It no longer needs to pay a white-label provider for sportsbook services, as SBTech takes care of that, so it can - in theory - pass on those cost savings to customers in the shape of appealing odds. It sometimes offers market leading lines on certain games and props, and overall, the odds are slightly better than average.

New York DraftKings Betting Options

Sports bettors will have endless betting options at DraftKings. Given their size and backing, there are thousands of different wagers bettors can make. Here are some of the more common bets that you'll likely be making at the DraftKings NY sportsbook.

• Moneylines: Every game has a favorite and an underdog. The moneyline is only concerned with the winner or loser of the game. The point spread and total do not matter. The favorite has minus odds, which is the amount that bettors need to wager in order to win $100. The underdog has plus odds, which is the amount bettors will earn on a $100 bet.

• Spread Bets: Oddsmakers set spreads for every game. It's a number that evens the playing field between two teams, and it involves a favorite and an underdog. For example, the New York Knicks as -6.5 favorites against the Chicago Bulls would mean the Knicks cover if they win by seven or more points. The Bulls would cover if they lost by six or fewer points or won the game outright.

• Parlay Bets: A parlay is a combination of two or more bets that create a more lucrative set of odds for sports bettors. The caveat is that all legs of the parlay must be successful in order for the bet to pay out. For example, a parlay that includes the Yankees (-120), Mets (+180), and Red Sox (-145) to win would create a +767 odds. However, all three teams would need to win for the bet to pay out. Even if two teams win, which would yield a profit with straight bets, the parlay is unsuccessful.

• Total Lines: Oddsmakers set a total for every game, and bettors can wager on the combined point totals of the two teams being higher or lower than that total. For example, if a Giants-Cowboys game has a total of 42.5 and the final score is 34-10, that total of 44 points means that the over hits.

• Futures Bets: Though many of the wagers that sports bettors will make are on individual games, futures bet look at season-long occurrences. Examples of futures bets include over/unders on team win totals, league MVP winner or league champion. Odds are constantly updating throughout the year based on what's happened in the season to date, and odds are available up until the end of the season.

• Prop Bets: There are bets within a single game called prop bets. There are both player props and team props that look at whether something will or won't happen during an event. Examples include the first touchdown scorer, a player to score a certain number of points, or a team to record a certain number of sacks. Major operators such as DraftKings sportsbook offer hundreds of prop bets that players can bet online at the website or mobile app.

Sports bettors are going to have options at DraftKings sportsbook. Legal sports betting is all about the versatility and different options so that all types of bettors have something to choose from. DraftKings sportsbook offers just that. Whether you just want to bet on the Yankees to win a game against the Red Sox or are interested in betting on the New York Jets to win the AFC East, you'll have that opportunity at DraftKings sportsbook New York.

The Origins Of DraftKings Sportsbook NY

DraftKings was founded in Boston back in 2012. It went on to become one of the top two Daily Fantasy Sports providers in the country, along with FanDuel. In 2018, the Supreme Court overturned a federal ban on sports wagering called PASPA. The DraftKings executive team spotted an opportunity to move into online sports betting. DraftKings became the first online sportsbook to launch in the post-PASPA era when it went live in New Jersey in 2018.

It is now available in more states than any other sportsbook. There is a DraftKings Casino in five states too, and its DFS contests remain popular nationwide. DraftKings NY was among the first four online sportsbooks to launch in New York on January 9, 2022.

By that point, it had switched from the Kambi white-label platform to technology provided by SBTech, following its merger with that company in 2020, when it listed on the Nasdaq through a SPAC deal. Current data shows that DraftKings NY is the second most popular sportsbook in New York, after FanDuel, which mirrors the nationwide situation.

DraftKings Sportsbook Banking Options

DraftKings Sportsbook offers New Yorkers several convenient banking options. The minimum deposit is just $5, compared to $10 or $20 at rival online sportsbooks in New York, so it is great for casual players. High-rollers can also make large deposits. You can contact the customer service team to discuss the best options. These are the banking methods you can use to fund a DraftKings New York Sportsbook account:

• Visa

• MasterCard

• Discover

• VIP Preferred E-check

• Bank Transfer

• Wire Transfer

• PayPal

• Play+

• Cash at the Cage

You can make a deposit at a retail sportsbook run by DraftKings if you happen to be at one. It does not charge you any deposit fees.

DraftKings NY Withdrawals

Withdrawals are also easy at DraftKings New York. Payouts are processed within five business days, but cash at the cage, wire transfers and Play+ are quicker. Each withdrawal method requires different minimum and maximum limits, but there are no fees charged. These are the withdrawal options:

• VIP Preferred E-check

• Bank Transfer

• Wire Transfer

• PayPal

• Play+

• Paper Check

• Cash at the Cage

There is no minimum withdrawal via Play+, online banking, e-check or cash at the cage. The minimum is $1 via PayPal and $20,000 for your first wire transfer withdrawal, then $10,000 for subsequent wire withdrawals. The maximum withdrawal is $100,000. A withdrawal tracker will keep you updated on the progress of your payment.

DraftKings New York Daily Fantasy Sports Contests

DraftKings continues to run the Daily Fantasy Sports contests that made its name. Anyone in New York can take part in fantasy football, golf, basketball, baseball, UFC, hockey, F1, NASCAR, soccer, college football, college basketball, Aussie Rules and esports contests.

If you are not yet a DraftKings Fantasy member, you will receive a free entry to a DFS contest when you make your first deposit. You can play classic salary cap games against the public, take on small groups of players, pit your wits against a group of friends, take part in multi-player contests, tackle a friend in a one-on-one contest or compete against players of a similar skill level in casual contests.

DraftKings Rewards & Loyalty Program

The DraftKings loyalty program is called Dynasty Rewards. You can earn loyalty points - which are called Crowns - by placing sports bets, paying for DFS contest entries or making purchases at DraftKings Marketplace. Crowns are also available at DraftKings Casino if you happen to be in New Jersey or another state in which it is live.

You will earn 1 Crown for every $2 you place on a single sports bet and $1 for every $1 you wager on a parlay. The Crowns can be exchanged at a rate of 550 for a DK Dollar - which is $1 in site credit - so they are essentially worth $0.0018. You will begin your journey as a Bronze member of Dynasty Rewards, and you can move up to Silver by accumulating 25,000 Crowns. The next levels are Gold, Diamond and Onyx, and the rewards you earn improve if you move up.

Other Important Factors to Consider

There are certain factors you should consider when deciding if DraftKings NY is the right sportsbook for you. These are some of the main categories we focus on when conducting our reviews:

New York DraftKings App 

If you like to place sports bets while on the move, the DraftKings Sportsbook app is perfect. It is very fast, highly dependable and easy to use, so you can just pick up your phone and get a bet on in a few seconds. It is available for download by visiting the Apple Store or Google Play.

Website Interface  

The website interface is also very impressive. It does not operate on the standard SBTech white-label platform that is licensed out to a variety of online sportsbooks, so you will receive a unique browsing experience. It is easy to navigate, the bet slip is effective and the tool for creating same game parlays is excellent.

Customer Support Methods

Customer service is one weak spot for this online sportsbook. DraftKings does not offer live chat or phone support, so you will need to fill in a form and await a response. The team is pretty quick to get back to customers with helpful answers, but it would be great to see live chat added at DraftKings New York.

Sportsbook Security

It's natural to have some apprehension about the security of a website where you'll need to provide personal information like your name, email address, four digits of your Social Security number, banking information, and your location. It's why we recommend using legal sportsbooks that have a sports betting license in the state you're playing in. DraftKings sportsbook is no different.

Their SSL encryption software will keep your personal information safe and secure, and they employ a dedicated security team to make sure it stays that way. That being said, we always recommend that bettors using any online sportsbook choose a strong password, don't share it with anyone, and turn on multi-factor authentication wherever they can. It's always better to err on the side of caution, but DraftKings NY is a secure website and mobile app.

Responsible Betting Measures

In January 2022, DraftKings announced a $1,575,000 initiative to fund responsible gambling measures across the country. It includes $15,000 per year for three years to every state problem gambling council, so New York is receiving $45,000.

You will find a detailed responsible gambling section at DraftKings NY. It explains the limits you can place on your account - time limits, deposit limits, betting limits, cooling off periods and self-exclusion - and it also offers advice about how to gamble responsibly and provides links to treatment services and support lines.

Taxes On DraftKings Sportsbook

Winnings from DraftKings Sportsbook New York are considered income by the IRS, which means you must declare them. However, it is important to note that this only refers to net winnings of $600 or more during a tax year, so you do not need to declare every individual wager you win. If you go over that threshold, you will need to fill in an IRS Form W-2G. A tax calculator can help you work out your liability.

DraftKings Retail Sportsbook

DraftKings runs a popular retail sportsbook at del Lago Resort in Waterloo, New York. Players can soak up the atmosphere at this 6,000 square foot sports betting lounge, which features 23 kiosks, 1,000 square feet of TV screens, an odds board that updates in real time, comfortable seating and an extensive menu for food and beverages.

How to Sign Up and Redeem a DraftKings NY Promo

You can sign up for a DraftKings Sportsbook New York account and claim a welcome bonus in six easy steps:

• Click the "Bet Now" link next to the bonus details on this page to visit DraftKings New York Sportsbook site. You will then see details of the DraftKings promo code NY at the top of the page in a banner ad.

• Click the "Sign Up" button within the banner ad to bring up the DraftKings NY sign-up form.

• Choose a username and password, and type your email address into the relevant box.

• Fill in the registration form with your personal details and contact information, accept the terms and click to send in the form. Your account should be automatically approved, but you may need to scan a driver's license to confirm your identity.

• Deposit $5 and place a qualifying wager on an NFL or college football game. 

• Win or lose, you will receive eight $25 bet tokens, which come with a 1x playthrough requirement.

The RealGM Verdict On The New York DraftKings Sportsbook

DraftKings NY is a great option for sports fans in the Empire State. It offers very appealing, low-risk sign-up bonuses, free-to-play daily pools and a great loyalty program. The odds are very competitive on football, basketball, baseball and lots of other sports, and you will have an impressive choice of betting options.

It is a trustworthy sportsbook with a reputation for paying out on time, and the overall user experience is strong. Sign up for an account and claim your DraftKings New York promo code offer today,

DraftKings Sportsbook NY FAQs

What is the DraftKings New York Bonus Code?

The current DraftKings promo code NY is a "Bet $5, Win $200" bonus. You can bet $5 on any NFL moneyline, and you will be awarded eight $25 bets if that bet wins. The rollover requirement on these bonus bets is just 1x, and any winnings will go directly into your DraftKings New York sportsbook account balance. The operator also typically offers a deposit bonus - a 20% match up to a total bonus of $1,000, with a 25x playthrough.

Is DraftKings New York legal?

DraftKings New York is legal, with a license to operate from the New York State Gaming Commission. It was one of the first four online sports betting operators to launch in the Empire State when the industry began in January 2022. You can download a DraftKings NY sports betting app or visit the website to bet on teams such as the New York Yankees, New York Mets, New York Rangers and New York Red Bulls.

Can I bet on college sports with DraftKings NY?

You can enjoy college sports betting at DraftKings NY, but wagering on games featuring teams based in the state are forbidden under New York laws. You can download the DraftKings app or visit the website to bet on a college football game or a college basketball game. The DraftKings Sportsbook promo code will earn you several bonus bets too, and you only need to deposit $5 to claim the bonus.

Does DraftKings NY have an online casino?

DraftKings NY does not offer an online casino, as state laws do not currently permit online casino gaming. You can enjoy New York sports betting and DFS contests at DraftKings NY, or you can visit New Jersey to use the DraftKings online casino. If you would like to learn more about DraftKings Sportsbook New York, check out our review.

Can I live bet at DraftKings New York?

Yes, DraftKings Sportsbook NY offers live betting on hundreds of games each day, from NFL games and college football to obscure events taking place on the other side of the world. You can place bets in-play via the DraftKings New York sports betting site or the DraftKings app. You should have no trouble betting on a live sports betting market before the lines change, as the app and the website are both fast and responsive.

When will DraftKings Launch in New York?

The DraftKings Sportsbook app launched in New York on January 9, 2022. There was already a retail DraftKings Sportsbook venue at del Lago Resort in Waterloo, but the launch of the DraftKings New York sports betting app and website made it much easier and more convenient to place bets. If you do not yet have a DraftKings account, you will be entitled to bonus money when signing up. Check out our DraftKings NY promo code guide for more information.

Is there a DraftKings New York promo code?

The current DraftKings NY promo code offers new customers a "Bet $5, Win $200" sign-up bonus. Just make a first deposit and place a $5 bet to claim this promo. As soon as your wager is graded a winner, you will receive $200 in bonus bets. The DraftKings promo code NY changes on a regular basis, but there are always exciting promotions available when you create a DraftKings Sportsbook account.