DraftKings Refer-A-Friend Bonus

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DraftKings' Refer-A-Friend program offers a reward system for both the referrer and the newly invited friend. This promotion is designed to incentivize current users to invite new users to join DraftKings. The rewards are structured based on the amount deposited by the invited friend. If the invited friend deposits between $25 and $49, both parties receive two 100% Profit Boosts. For deposits between $50 and $99, they each receive five 100% Profit Boosts, and for deposits of $100 or more, they each get ten 100% Profit Boosts. The Profit Boosts must be used within seven days of issuance and are subject to a maximum bet limit of $25. There's also a cap on the additional winnings from these boosts, limited to $250. The boosts apply only to winnings, excluding the original bet amount. The promotion is valid until February 29, 2024, and is available to new DraftKings customers within specific geographical and age restrictions.

Pros

• Both the referrer and the new user receive rewards, enhancing mutual benefits.
• The program offers a tiered reward system based on the deposit amount.
• The 100% Profit Boost can significantly increase potential winnings.
• The promotion includes a wide range of deposit levels to accommodate different types of users.

Cons

• The offer is restricted to new DraftKings customers, limiting eligibility.
• The Profit Boosts expire within seven days, requiring quick utilization.
• There is a $25 maximum bet limit on each Profit Boost.
• The promotion is geographically restricted, excluding potential users outside eligible jurisdictions.

To participate in the DraftKings Refer-A-Friend program, both the referrer and the invited friend must follow specific steps. This program is designed to benefit both parties through a series of actions starting from invitation to fulfilling deposit requirements. The process is straightforward, ensuring that eligible participants can easily understand and engage with the promotion.

Step-by-Step Guide:

1. The current DraftKings user (referrer) sends their personal referral link to a potential new user.
2. The invited individual must click on the referral link.
3. The new user needs to create a new DraftKings account, ensuring they are a completely new customer.
4. A minimum deposit of $25 should be made into the new DraftKings Sportsbook account.
5. Based on the deposit amount, the rewards (Profit Boosts) are allocated accordingly to both parties.

The DraftKings Refer-A-Friend program is governed by specific terms and conditions, which are essential for participants to understand. These conditions ensure that the promotion is used as intended and within the framework set by DraftKings. Compliance with these terms is mandatory for participation and to reap the benefits of the program.

Key Terms and Conditions:

• Eligibility: Must be 21+ years old and located in an eligible jurisdiction.
• Promotion Period: Valid from 12/31/2023 to 2/29/2024.
• Deposit Requirements: Minimum deposit of $25; rewards vary based on deposit amount.
• Profit Boost Expiry: Boosts expire seven days after issuance.
• Bet Limit: $25 maximum bet for each Profit Boost.
• Odds Requirement: Bet must have odds longer than +200.
• Additional Winnings Cap: Maximum additional winnings are limited to $250.
• Limitation: Limit of 5 referral rewards per promotional period.
• Use of Boosts: Boosts are single-use, non-cashable, and must be applied before placing a bet.
• Exclusions: Bets using Bonus Bet, or settled using "Cash Out" feature, are ineligible.
• Cancellation: Participants can opt out by contacting customer service.

The DraftKings Refer-A-Friend program is a structured promotion aimed at expanding the user base by rewarding both the existing and new customers. The program offers tiered benefits based on the new user's deposit amount, promoting engagement from various levels of users. The terms and conditions of the program provide a clear framework for participation, highlighting eligibility, usage, and limitations of the rewards. This promotion is an example of a marketing strategy aimed at increasing customer base through incentives while also providing benefits to existing users.