DraftKings Iowa Promo for $150 in Bonus Bets

Fact Checked by Peter Mooney

DraftKings is one of the most recognized brands across the states. With a top notch mobile app and betting options, discover what makes DraftKings one of the best Iowa sports betting sites.

DraftKings Sportsbook Iowa At a Glance

🎁 DraftKings IA Promo:Bet $5, Get $150
💰 DraftKings Promo Code:CLAIM NOW
💳 Minimum Deposit$5
📌 Land-Based Partner:Wild Rose Casino & Resort
📜 Licensed By:Iowa Racing & Gaming Commission
✅ Last Updated:May 22, 2024

March Madness Promos at DraftKings

DraftKings is offerent promos for new and existing customers to use on the NCAA Basketball Tournament.

Opt-in to claim the 64% March Mania Profit Boost. Get a 64% profit boost on any CBB opening week bet!

DraftKings Sportsbook Promo Code

DraftKings Iowa sportsbook offers a great way to get started. Claim a Bet $5, Get $150 in Bonus Bets Instantly offer. No code is required for this bonus bet package on your new DraftKings account.

Sign Up for a DraftKings Sportsbook Account

It's easy to get started with DraftKings Iowa sportsbook. Simply do the following and then read on for our full DraftKings Iowa sportsbook review.

  1. ✅ Create an account online by hitting the green "VISIT SITE" button embedded in any of the banners on this page. 
  2. ✅ Enter your email address, username and create a solid password.
  3. ✅ Fund your account using a strong deposit method and claim any bonus bet.
  4. ✅ You're now ready to place your bets and root for your favorite teams!

How the DraftKings Promo Code Works

Follow these steps to activate the DraftKings Iowa welcome bonus:

  1. ✅ Click or tap on one of the "BET NOW" buttons on this page and register for a legal sports betting account with DraftKings.
  2. Make your first deposit (a minimum of $5).
  3. Wager $5 or more on any sport and get $150 in Bonus Bets instantly
  4. Be sure to use your bonus bets within seven days or they will expire.

DraftKings Promos for Existing Users

DraftKings sportsbook Iowa prides itself on offering customers the biggest value, so seasonal promotions and ongoing bonuses are a big part of DK's unique selling point. 

Expect to see promos being offered on in-season sports like instant profit boosts on golf or 50% MLB profit boosts. 

Don't forget the daily odds boosts on featured games and sports, which is a staple feature of the DraftKings online sportsbooks brand.

Welcome Bonus

The welcome bonus package at DraftKings Iowa is unique and contains both a deposit match offer and a 'Bet and Get.' There's no DraftKings promo code required for Iowa sports bettors to claim one of the best Iowa sportsbook bonuses around.

Odds Boosts

Place wagers every day on featured matches and big games from popular in-season US sports on DraftKings. The odds boost is a staple feature in terms of sports betting options at DraftKings online sportsbooks and the enhanced odds generally offer in the region of a 20-25% increase in returns which is not to be sniffed at! Odds boosts on your DraftKings sportsbook account can be offered on college sports and prop bets or more standard bets like the moneyline and totals.

Refer-a-Friend Bonus

Get a bonus bet of up to $100 when you refer a friend. That's right, invite your friends along to DraftKings Iowa and you'll both be rewarded. This is one of the best referral programs in the industry.

Simply send your unique link through email, text or your social media channels. You can even have friends scan your QR code if you're more tech-savvy! When they download the DraftKings Sportsbook app, sign-up and deposit, you’ll both receive your reward.

Bonus Bets

Bonus bets come in all shapes and sizes at DraftKings sportsbook, from the initial deposit and first-bet bonus bets to ongoing bonus bets. Bonus Bets are typically valid for seven days. Awarded Bonus Bets are non-cashable and can't be withdrawn until the Bonus Bets are wagered 1x time. Winnings are then returned as cash to your DraftKings sportsbook account, but the stake amount is not included as credit. Most Bonus Bets can be used on all eligible DraftKings Sportsbook markets.

DraftKings Sportsbook Promotion Terms & Conditions

To be eligible for the main promotions at DraftKings Iowa, new Sportsbook customers must have never had a DraftKings Sportsbook account before, be physically located in a state in which online sportsbooks are legal and be above the legal sports betting age in the state. 

All you must do is sign up for a new DraftKings Sportsbook account, deposit and bet a minimum of $5 as your qualifying wager. 

DraftKings Sportsbook Iowa Features

How does a DraftKings Sportsbook Iowa account stand out from its competitors? Product and staple features are the answer. DraftKings sportsbook offers more value to the Iowa sports betting community than most other online sportsbooks and that sets them apart. A wide array of features are on offer. The Iowa sports betting market demands these extras, so what sort of features are there on the DraftKings online sportsbook for betting enthusiasts?

Live Betting

Live sports betting markets on DraftKings Iowa are in-game and more than 50% of wagers are now said to be live betting wagers. A feature at DraftKings is the Flash Bet where we can make a suggested live betting wager with the click of a button on our sports betting app. It's so easy to place live betting wagers on our sports betting apps which can come in handy if we spot a good sports betting opportunity or angle while watching a game.

Cash-Out Options

Cash-out is a feature that came to DraftKings before most American sportsbooks. Iowa bettors can get out of their bet fully or partially before it wins or loses. Beware that there will be a healthy commission charged on all early cash outs.

Prop Bets

Props are bets in subsidiary markets that can add to Iowa sports bettors' entertainment and chances of a nice payout. Betting on who scores the first touchdown in a Kansas City Chiefs game would be an example of a prop bet. We could make some prop bets on the Iowa Hawkeyes in college sports, or the Iowa Cubs in the Minor League. The joy is if the bet loses, we generally won't be staking too much on these plays with the markets being limited and odds being high.

Parlay Bet

Parlay bets will be popular at Iowa sportsbooks. All your selections must win for a payout, and we can add up to 15 teams on a parlay card. The chances of winning this bet are slim and parlay betting is riskier, but we have the chance of more lucrative payouts.

Some mobile betting sportsbooks offer parlay profit boosts or parlay insurance when one of your selections loses. Payouts on standard parlays at U.S. sportsbooks with selections at American odds of -110 pay at around +260 for a double and just less than +600 on a three-leg parlay. Sports betting handle from multiples will be through the roof from mobile sports betting and online betting at the best Iowa sportsbooks.

Same Game Parlays

The same-game parlay (SGP) is another increasingly popular attraction at sportsbooks like DraftKings in America. Europeans may refer to it as a bet builder and it's hugely popular over the pond, just as it's becoming in the US. You could parlay the moneyline bet, the totals, and a certain player to score X number of runs in a Kansas City Royals game as an example of a same-game parlay.

Daily Fantasy Sports

Daily Fantasy Sports at DraftKings has been one of the biggest and fastest-growing industries across the U.S. over the last 10 years or so and has expanded into Europe with licenses around the globe. DK was even licensed in Ireland for a few years and you can play in all sorts of GPPs (Guaranteed Prize Pools), cash games and contests with a chance to win big in a variety of major sports. It's based on the premise of drafting a team with a salary cap to enter the contests and then accumulate as many points as you can given pre-determined criteria from your drafted players.

DraftKings Sportsbook App

The DraftKings sportsbook app is very similar to the DraftKings website. The daily fantasy sports app, while being one of the top apps in that genre will be different, except for shared properties, such as the interface, user experience, navigation and aesthetics. Sports betting is a whole different ballgame and the DK app's sports betting menu is granular and covers almost every betting market. Odds are also provided for novelty markets like the Academy Awards, and there is an in-depth college betting menu. There are also easily accessible links to contests and tournaments and whatever event is big on the current sporting calendar.

DraftKings Sportsbook App Pros and Cons

Pros of the DraftKings sportsbook in Iowa
Excellent welcome bonuses and ongoing promos
Numerous site features offering extra value to sports bettors in Iowa
More variety than most online sportsbooks with a diverse betting menu
Cons of a DraftKings account
Some users experience lag and loading delays
High Vig on SGPs
Quick expiration dates on some bonus bets

Download the DraftKings Sportsbook Iowa App

The process for downloading the app is very similar to downloading other Iowa sportsbook apps. Just as if you were signing up on the website, you'll get your deposit match bonus and Bonus Bets to capitalize on one of the biggest welcome bonuses for sports betting in Iowa, rivaling the Caesars sportsbook welcome bonus. Go to the DraftKings Iowa site itself and find the download buttons for iOS or Android or scan the QR code. Alternatively, go straight to the Google Play or Apple stores to download the DraftKings Iowa sportsbook app.

What iOS Users Are Saying

🗣️"Good betting app, a few draw backs. The UI is nice and the social hub is a huge plus and extremely underrated."

🗣️"The profit boosts are nice and unlike anything I’ve ever seen on any other app or site. So that’s a plus"

🗣️"The app itself is relatively slow. The lag on placing bets etc is a bit annoying, but it’s understandable."

What Android Users Are Saying

🗣️"The ads don't interfere with the actual business end of the app.

🗣️"The bets are fairly straightforward and simple.

🗣️"The transactions to and from my account are optimal. A+ on that end

🗣️"The app is extremely sluggish and difficult to move between various sports and other menus"

DraftKings Sportsbook Rewards Program

The DraftKings rewards program in 2023 rewards you with Crowns and Tier credits that elevate your status the more you bet. Perks and prizes, such as exclusive offers, merch and sporting event tickets, can be claimed. The Crowns and Tier credits accumulate as you wager more in real money. Earn DK dollars and use these crowns in the bonus store and move up the levels for bigger potential online betting rewards.

Crowns and credits can be redeemed across all DraftKings Iowa app products, including fantasy sports. Straight bets earn 1 tier credit for every $10 wagered. Parlays earn 1 tier credit for every $5 wagered. 5 tiers range from Bronze to Onyx. Be aware that using your DraftKings Iowa bonus bets won't count toward tier status.

DraftKings Stats Hub

Iowa bettors will find the Stats Hub provides added value and it's located on the homepage of the sports betting site, right there in front of you alongside the featured bets. Click in for interesting stats on all sports markets and read the key stats to research some potential bets. These could be stats on the Minnesota Wild or the Minnesota Vikings' latest games, for example. Stats Hub is powered by iSport Genius.

You Might Also Like

What I like about DraftKings besides the competitive odds, the bonuses and promos, as well as added features giving extra value to the punter is the in-depth betting menu. No other American sportsbook I've seen is as in-depth and comes populated with such diverse and clearly laid out markets and bet types.

The Bet365 and FanDuel betting apps are now live in Iowa and are two good alternatives to have to make Iowa bets. There are no loyalty programs at these books but bonuses and promos and the staple features of the online sportsbook apps match DraftKings sportsbook in Iowa. Caesars Sportsbook and FanDuel offer a great welcome bonus and FanDuel also offers a strong Iowa racing product.

Online Sports Betting at DraftKings Sportsbook Iowa

There are 40+ sports to bet on at DraftKings online sportsbook Iowa and you'll find some uncommon markets in there that you won't find at other Iowa sports betting books. For instance, if it's novelty betting markets like the Academy Awards you're after, then look no further. There's a full in-depth spread on college football and basketball teams and if you browse the menu there's a run-through of all the big leagues from all popular US sports and European sports. All the big soccer leagues are also covered. Links to in-vogue championship betting pages and playoff betting pages are common on a wonderfully laid-out Iowa sports betting DK menu. There are also tournaments and contest links in the betting menu.

Software at DraftKings Sportsbook Iowa

DraftKings Sportsbook software is provided by Kambi Sports. The use of several of the best technology products is behind the DraftKings scene powering the Iowa sports betting apps for DK. When you bet online on these betting apps, you'll see the software and platform are top notch.

  • Check
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  • PayPal
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  • VISA
  • Play+
  • Discover
  • Bank Transfer

Online Banking at DraftKings Sportsbook Iowa

We've extensively reviewed this feature at DraftKings. We want a variety of payment methods available to us and to be able to choose how to get that first deposit match bonus!

Deposits

The deposit methods available on the DraftKings app and sportsbook depend on your location and may differ for the DraftKings Iowa sports betting apps and its other products. In general, limits are high for all the individual payment methods, and it's easy to deposit quickly and instantly. Banking options are on par with operators like Caesars Sportsbook. Here are some of DraftKings Iowa's most popular payment options:

  • Credit and Debit Cards (Visa, MasterCard & Discover)
  • e-Check and check
  • Online Banking /Instant Bank Transfer
  • Cash at counter
  • PayPal
  • PaySafe
  • Play+ Prepaid Card
  • Venmo

Withdrawals

DraftKings provides several withdrawal options for the Iowa sports bettor. The withdrawal options on your DraftKings Iowa account may depend on the deposit method used. Sometimes you need to offset the balance on a deposit method before you can use a different method to withdraw your funds. In general, the withdrawal process is pretty smooth.

Some processing times and limits are listed below:
 

Withdrawal method Payout Maximum & Speed
Play+ Card25k max withdrawal and up to 4 days processing time
Withdrawal by PaySafe, PayPal or eWallet60k max, up to 2 days
Bank wire transfer100k, up to 5 days to reach your account
e-check100k limit, up to 3 days to process
Check by post50k up to 14 days
VenmoInstant to 1-2 days

All deposit and withdrawal methods must be registered with accounts in your name. You can set daily and monthly deposit limits for more responsible gambling. Withdrawal methods may differ depending on your jurisdiction.

Safety and Security

History:

Born in 2012, DraftKings was initially an American Daily Fantasy Sports company. In August 2018, DraftKings launched its first legal online sportsbook in New Jersey. Led by its three co-founders Jason Robins, Matthew Kalish and Paul Liberman, the sports betting product grew exponentially throughout the Americas and beyond and is today one of the most recognized sports betting brands in the world.

Legality:

DraftKings is legal in Iowa after the state became the 11th to legalize sports betting online. Sports betting was legalized in Iowa back in May of 2019 and launched in August 2019. In February 2020 DraftKings Inc. debuted its mobile app and online sportsbook presence appeared in the Hawkeye State. In-person registration at a land-based partner - one of the three Wild Rose Casinos - was required initially.

Security:

Regulated by the Iowa Racing and Gaming Commission, DraftKings implements advanced security and industry-leading SSL technology and encryption for the safety of its Iowa sports bettors. The sports betting product is independently audited by the IRGC for fairness. For further protection, users can password-protect, reset or opt-in to enable Two Factor Authentication (2FA).

Customer Support

Support at DraftKings IA is handy and is becoming more efficient as time goes by. Here are the methods by which you can get support:

  • The support button at the bottom right of the screen will load up Live Chat.
  • Check out a comprehensive FAQ section to see if your query can be answered first.
  • Use the email support form or request a callback.
  • Contact the DraftKings social media team - Twitter handle: @DK_assist.

Our Final Verdict of DraftKings Sportsbook

DraftKings is renowned as one of the best online sportsbooks in the United States. It has a partnership with Wild Rose Casinos and manages a retail sportsbook within their locations so it's present both physically, and dominates online in America. We love the in-depth college sports menu and the granular betting menu that combines a myriad of sports betting events with a range of different markets.

The Iowa sports betting user experience has been enhanced astronomically by the DraftKings presence in the state's sports betting market. Players can benefit from several different bonus offers, promotions and features. The interface offers a unique dark mode theme that separates DraftKings from most of its competitors. Sign up through our links and enjoy the slick browsing experience while tasting sports betting from several different angles including SGPs, Teasers and flash betting!

Responsible Gaming at DraftKings IA

DraftKings IA allows us to set daily, weekly, or monthly deposit limits and you also have the power to self-exclude. DK is dedicated to responsible gaming and DraftKings team members attend programs and training to spot potential problem gambling and dodgy accounts so don't bother if you're not 21+.

If you or someone you know has a gambling problem and wants help, click through the links in the responsible gambling section of the DraftKings IA site. Never bet more than you can afford to lose. DraftKings also works with BetBlocker, which is a tool you can use to block thousands of gaming sites.

DraftKings Sportsbook Iowa FAQ

Author

Bryan Nicholson is a sports betting expert for IowaBets. He reviews Iowa sportsbooks and provides valuable insight for sports bettors throughout the state. He is also the author of "ANGLES & EDGES: A Journey through the Evolution of Golf Betting and the Markets".