All you need to know about DraftKings Casino welcome bonus

The world of legal real money online casinos is a competitive one, but a select few have proven their worth as the best of the best. That group includes DraftKings Casino, which industry experts consistently rank as a top online casino operator. It should come as no surprise, then, that DraftKings also features an attractive bonus offer for new users, including 500 bonus spins and up to $1,000 in lossback casino credits.

But what exactly does that all mean? We'll tell you. Sign up for DraftKings Casino here:

For all online casino bonuses, it's important to know everything there is to know about the offer. All of the fine print is there for a reason, providing all of the particulars, requirements and eligibility information that you might not know otherwise.

That fine print is not meant to be deceptive, as some might believe considering the small text and legalese involved. On the contrary, it's meant to be informative and provide users with every detail needed to opt in and take advantage of the promotion.

The DraftKings Casino welcome offer is no different. Here, we'll go through the most important aspects of the bonus.

The DraftKings new user bonus features two parts, including 500 bonus spins for the Cash Eruption slot.

It's a straightforward perk. Deposit and play at least $5 on any game – except craps and Electric Poker – and begin earning those spins.

There is something of a catch with this part of the welcome offer, however: Players won't earn all 500 bonus spins all at once. Rather, DraftKings disperses them in 50-spin allotments. To reach the maximum 500, users will need to log in each day for 10 straight days after opting into the promotion. Keep in mind that each allotment of spins expires 24 hours after being issued.

Also, whichever Cash Eruption game players use bonus spins on each day will be the only game that day's spins will be eligible for. So, if on one day you select to play spins on Cash Eruption Power Surge, that day's allotment will only be good for Cash Eruption Power Surge. You can select a different Cash Eruption game the next day.

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This is where the fine print comes in handy. It's not a deposit match nor an immediate casino bonus. The total amount in casino credits DraftKings issues new users depends on the outcome of their gameplay during their first 24 hours as a DraftKings customer.

It's all about net losses with this part of the welcome offer. During the "lossback period," which is the first 24 hours after new players opt into the promo, DraftKings will monitor how much users make and lose playing its online casino games – except for craps, Electric Poker, live dealer, Digits and Digits NOW.

If net losses range between $5 and $1,000, DraftKings will credit customers that amount in the form of casino credits within 72 hours of the lossback period. Net losses are defined as total amount lost minus the total amount won.

For example, if you won $30 during the lossback period and lost $50, the net losses would clock in at $20. And that is the amount of casino credits DraftKings will issue.

Valid for seven days from the time they are divvied up, these casino credits carry a 1x playthrough requirement. So, if you receive $20 in casino credits, you will need to wager $20 in real money to make the bonus eligible for withdrawal.

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For the DraftKings Casino welcome offer – and for any promotion at legal online casinos in the US – users must be at least 21 years old and otherwise eligible. 

In addition, new DraftKings customers must be physically located in Connecticut, Michigan, New Jersey, Pennsylvania or West Virginia to play online casino games for real money.

Now that you have all the info, you're all set to create an account and claim the DraftKings Casino welcome offer.

Grant Lucas