DraftKings Kentucky Promo Code: Get $200 in Bonus Bets on Launch Day

DraftKings Kentucky promo code details

DraftKings is coming to Kentucky and their pre-live offer of get $200 in bonus bets is ready for residents to claim now.

Here's the five easy steps to do so.

1. Sign up for an account at DraftKings Sportsbook here.
2. Receive $200 in bonus bets on launch day (Sept. 28)
3. Bonus bets will be divided into eight (8) $25 bonus bets
4. Bonus bets expire after 7 days.
5. Limit one per customer.

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Expected DraftKings KY welcome offer

For those looking for the best Kentucky sportsbook promos, DraftKings usually ranks at the top with its bet $5, get $200 bonus. 

This low-risk offer requires you to deposit and wager at least $5 without using a DraftKings promo code. Regardless of the outcome, you’ll get $200 in bonus bets added to your account. They can't be withdrawn as cash, but you can make additional wagers with them without risking more of your own money. If those bonus bets are winners, you can cash out the profits immediately.

On top of that, all bet types are eligible, so you’ll have a lot of freedom in creating that initial wager and the bonus bets that follow. 

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How to use DraftKings Kentucky expected promo code

No Kentucky DraftKings promo code is needed to claim the expected bet $5, get $200 offer. The bonus will be applied automatically to all qualifying customers. Still, let’s cover what you must do to claim the bonus for yourself.

1. Download the DraftKings app or visit their desktop website.
2. Register an account on DraftKings by clicking "Join" or "Sign Up."
3. Make your first deposit of $5 or more. 
4. Place your first bet of at least $5 on any market. 
5. DraftKings Kentucky will award you $200 (8 x $25) in bonus bets. 
6. Use the bonus bets to place additional wagers. You can’t exchange them for cash or transfer them. 

We expect the entire process will be the same in Kentucky. We'll update this section as soon as the sportsbook launches. Similar conditions are likely to apply to other sportsbook bonuses in Kentucky. 

DraftKings Kentucky promos

DraftKings is among the biggest sports betting sites in the U.S. and the most popular daily fantasy sports (DFS) platform. 

As soon as the Supreme Court paved the way for sports betting to become legal nationwide, many states took advantage of the opportunity. DraftKings was quick to obtain a license for every state that joined the legalization train, so it's now available in over 20 of them. It’s also bound to join Kentucky as soon as the market officially launches in September 2023. 

Interestingly, the other half of the notorious FanDuel vs. DraftKings rivalry has already partnered with Churchill Downs, home of the famous Kentucky Derby, to join the KY market in September.

Although DraftKings hasn't officially announced a Kentucky partnership, they have a previous agreement with Churchill Downs. Since the iconic horse racing track can partner with up to three online sportsbooks, it's possible that these massive industry rivals could have the same retail partner. And if not, there are plenty of other facilities for DraftKings to partner with if they want access to the Kentucky market.

DraftKings is known for offering several promo offers for new bettors and various other bonuses for regulars. The sportsbook typically provides the same lineup of promos in all states, so we already know what to expect when they go live in Kentucky. It's safe to assume that DraftKings' standard lucrative welcome offers, profit boost promos, and a refer-a-friend bonus will all be active.  

DraftKings Kentucky promo code terms and conditions

As with all the best sportsbooks on the market, DraftKings has a few important rules to remember to avoid issues claiming the expected welcome promo after launch. Here's what you need to know.

• The bonus is only for first-time DraftKings bettors.
• You must be 21 or older to get and use the promo. 
• The first $5 wager you place on the site becomes the qualifying bet for the promo.
• The bonus is paid as eight bonus bets worth $25 each.
• You’ll get the bonus bets as soon as you place the qualifying wager, regardless of its eventual outcome. 
• Bonus bets are valid for the next seven days after receiving them, or 168 hours exactly.
• Bonus bets cannot be exchanged for cash, refunded, or transferred. 
• Older DraftKings customers who’ve used the pre-launch promos in Massachusetts or Ohio cannot claim this bonus. 

DraftKings Kentucky review

DraftKings is a legally licensed and regulated sportsbook in the U.S. with services in over 20 states, including Illinois, Massachusetts, Michigan, Pennsylvania, New Jersey, and New York. 

It’s not yet available in Kentucky, but since the KY sports betting sector is about to launch, we fully expect DraftKings to be there when the market opens on September 28, 2023.

DraftKings has become a market leader and one of the most recognizable sports betting apps and brands in the U.S., primarily thanks to its well-rounded user experience. It’s hard to find something that DraftKings is bad at. There are also only a few places that DraftKings can even be considered "average."

Here are a few quick facts about DK before we get into the main aspects and features of the book.

• DraftKings was founded at the end of 2012 by Jason Robins (CEO), Paul Liberman (COO), and Matthew Kalish (CRO). It started as a daily fantasy sports platform. 
• More than a decade after its launch, the company has become one of the market leaders in DFS and sports betting in the U.S., with over 3,400 employees and headquarters in Boston, Massachusetts. 
• DraftKings and FanDuel attempted a merger in 2016, but the FTC blocked it, as it would have given them control of 90% of the DFS market, creating a monopoly.
• In May 2022, DraftKings acquired a known U.S. gambling operator — Golden Nugget Online Gaming, for $450 million in stock. 
• Michael Jordan is one of the investors of DraftKings and a board advisor.

Head over to our in-depth DraftKings review for more information.

DraftKings Kentucky mobile app experience

DraftKings has dedicated apps for iOS and Android devices. Both are impressive, especially regarding their intuitive design and the scope of features and attributes. This makes the sportsbook one of our top Kentucky sports betting apps.

Software quality is also evident from the large number of positive ratings and reviews on both app stores:

• 4.8 stars (out of 5) on the Apple App Store
• 4.6 stars (out of 5) on the Google Play Store

The iOS app has more than half a million reviews. It rarely has issues with geolocation, which is a significant advantage since some competitors often have bugs with that technology. 

Once you install one of the apps, you'll find it offers all the same desktop site features, except on a mobile-friendly interface. 

Searching, creating, and placing bets is as easy as a few taps. Moreover, you can claim bonuses and complete deposits or withdrawals easily. The bottom menu has links to all the important sections, including the loyalty program, making it easy to monitor your progress.

DraftKings Kentucky live betting experience

DraftKings offers a great in-play betting experience thanks to a highly-functional and bug-free live-betting section. It ranks high on our experts' picks for the best live-betting sites. 

The site boasts a wide range of bets with constantly updated odds. There’s a great range of live prop bets, too — sometimes even more than pre-game amounts, depending on the event. 

As soon as a game begins, you’ll see many live wagers, especially on more popular games and leagues. You can bet whether the next pitch will be a strike or ball, or if the next play in the NFL game will be a pass or a run.

The company has also been working on a live-streaming option. If the feature is available for a game you want to bet on, you can do it all in one place. Bear in mind that this option is still limited, so it's not available for every sport in every location. 

DraftKings Kentucky sports betting markets

DraftKings covers a large selection of sports, with the most popular ones listed at the top. Expect to see the NFL, MLB, NBA, NHL, NCAA sports, and major soccer leagues from around the globe. There are a ton of betting options for golf, tennis, MMA, and popular motorsports like NASCAR or Formula One.

You’ll also find strong coverage of less popular sports, like rugby, darts, cricket, cycling, Aussie Rules football, and more.

As for bets, the diversity is excellent, so expect to have more than enough options in most cases. DraftKings is especially good with player props and often features many same-game parlay options. There are good reasons that DK appears on our list of the best NFL prop betting sites and best NFL same-game parlay betting sites. It's just that good.

DraftKings Kentucky Dynasty Rewards loyalty program

Among the many promotions DraftKings offers is the unique loyalty program, Dynasty Rewards. Members of the scheme get the following perks:

• Exclusive customized offers
• Personal host
• Referral incentives
• Game tickets and access to private events
• Benefits with DraftKings retail partners throughout the country

The system has tiers, and the rewards get better the more crowns (loyalty points) you accumulate. Every $2 in bets earns you one crown. 

DraftKings Kentucky standout features

DraftKings may be a market leader in DFS, but its online sports betting platform is just as impressive.

Besides the options we already covered, DraftKings has another excellent feature called the Stats Hub. You’ll find countless sports stats and details analytics that can help you make the right calls with your bets. 

Sure, you can find all of that information elsewhere on the internet. However, DraftKings gathers it all conveniently in one place, right in their app. Moreover, that hub includes all the critical data, including stats like points per game, point differential, and even graphs for odd changes with moneyline and over/under bets. 

Besides the Stats Hub, we should mention the early cashout feature. You can find it in numerous markets, and DraftKings has recently expanded its availability. You’re bound to use it occasionally to limit your losses or even guarantee winnings. 

DraftKings Kentucky deposit and withdrawal options

DraftKings has a robust payment system with free and fast payout options. They have a fairly low minimum for deposits and withdrawals, making it easy for low-stakes bettors to fund and cash out their accounts. DK is a great sportsbook for reliable, fast, and easy banking options. 

DraftKings ranks among the fastest payout sportsbooks, so you can trust that they will prioritize getting your winnings into your hands as quickly as possible. Deposits are usually instant, and you typically have to send a minimum of $5 or $10, depending on the method. The most popular banking methods on the site include: 

• Online banking
• VIP Preferred
• PayPal
• Credit and debit cards
• Cash at retail locations
• Venmo
• Wire transfer via MVB Bank
• Electronic gift cards
• DraftKings gift cards

Withdrawals sometimes require additional identity verification, which is done by providing a copy of your government ID or proof of address.

DraftKings processes withdrawals daily from 9 a.m. to 5 p.m. EST, with no fees. Here’s an in-depth look at payouts:

DraftKings Kentucky customer support

DraftKings' customer support has always been of average quality. Its biggest drawback is the lack of a phone number. Still, you can use the 24/7 live online chat or email to raise an issue. You can also try contacting them on Twitter.

• 24/7 Live Chat
• Email: Sportsbook@DraftKings.com
• Callback support for complex issues for Sportsbook and Casino only.
• Customer Support Twitter: @DK_Assist

DraftKings also features a detailed Help Page packed with useful information. 

DraftKings Kentucky quick facts

Latest DraftKings Kentucky news

Sept. 22, 2023: Kentucky sports radio host Matt Jones will place the first bet with DraftKings' online sports betting product on Sept. 28, 2023, at The Mint Gaming Hall in Cumberland.

Sept. 7, 2023: Retail sports betting goes live in Kentucky, and DraftKings opens its physical sportsbook at Cumberland Run.

July 10, 2023: The Kentucky Horse Racing Commission announced that retail sports betting will launch in Kentucky on September 7, 2023, with online betting following three weeks later on September 28, 2023. DraftKings is expected to be among the first online sportsbooks available in the state. 

June 28, 2023: Legal sports betting officially arrives in Kentucky. However, there won't be any retail or online options until September 2023.

May 5, 2023: DraftKings held a call on its 2023 Q1 earnings report. Jason Robins, the company’s CEO, talked about the future of Kentucky's upcoming sports betting market and DraftKings’ role in it. 

March 31, 2023: Gov. Andy Beshear signs HB 551 into law. Legalized sports betting will finally come to Kentucky after previous attempts (House Bills 137 and 241) failed.

Kentucky sports betting history and handle

HB 551 paved the way for legal sports betting in Kentucky and a large number of KY sportsbooks — up to 27 in total. Governor Andy Beshear signed the bill on March 31, 2023, which made Kentucky the 37th state to regulate sports betting. Retail sports betting will launch on September 7, 2023, and the first online sportsbooks will go live three weeks later on September 28.

The nine existing horse racing tracks in the state can each establish partnerships with online operators (up to 3 per racetrack). Each track will also operate a retail sportsbook. 

We’ll add the betting handle monthly as soon as information is available. The industry is projected to yield around $23 million annually in revenues. 

Kentucky has set taxes for the operators — 14.25% for Kentucky sports betting sites and 9.75% for retail sportsbooks.

Other expected sportsbooks in Kentucky

According to the new sports betting law, Kentucky is set to have up to 27 online sportsbooks. The state has nine horse racing tracks, and each will be allowed to partner with as many as three online sports betting operators, some of which have already been announced. Let’s look at who else we expect to see in KY in the coming months. We'll update this section as news continues to break.

For more resources, check out our FanDuel Kentucky promo code, Caesars Kentucky promo code, BetMGM Kentucky bonus code, or bet365 Kentucky bonus code pages.  

Where is DraftKings Sportsbook legal?

DraftKings is available in almost two-dozen states with legal sports betting, plus the Canadian province of Ontario.