DraftKings NC Promo and App Review: How to Wager Using Bonus Bets

March Madness is heating up and fans in North Carolina can bet on all of the action this weekend with house money at DraftKings!

DraftKings is celebrating its recent launch in your state by offering you $250 in bonus bets just for signing up and betting your first $5 or more – even if your wager doesn’t win. 

DraftKings Sportsbook NC Promo: Bet $5, Get $250 Bonus

Here’s how you can claim your $250 bonus: 

1. Sign up with DraftKings Sportsbook with this link (no promo code needed)
2. Verify your identity and location
3. Deposit $10 or more
4. Bet $5 or more 

As long as you deposit $10 or more and put $5 or more on that first bet, you’ll get your bonus instantly!

What is DraftKings? 

DraftKings was founded in 2012 in Boston as a daily fantasy sports company. It’s since expanded into sports betting since states have begun to legalize it.

DraftKings is now one of the most popular sportsbooks in the nation, with mobile wagering available in over 20 states and several retail sportsbooks that you can visit. 

DraftKings Bonus Bets

DraftKings bonus bets are $25 bet credits that you can use to bet on sports without putting your own money on the line. 

If you win a bet you place with a bonus credit, you’ll get winnings in the form of withdrawable cash!

How to Use DraftKings Bonus Bets

It’s easy to use your bonus credits at DraftKings. 

Select a wager to add it to your bet slip as you normally would. Then, you’ll see the option to apply your bonus credit rather than using real money from your account. 

Make sure you apply the bonus and then place the bet. You can keep track of your bonus bets on the ‘Promotions’ page of your account. 

Just keep in mind that your bonus bets expire seven days after claiming this offer, so don’t let them go to waste!

What is a Moneyline? 

Betting on the moneyline is simply picking a side to win a matchup. You’ll return more of a profit from betting on underdogs, but they’re typically much harder to predict.

If a team or player is favored on the moneyline, it will have ‘minus’ odds. For instance, if Duke is -200 on the moneyline, it would take a $200 wager to profit $100 if the Blue Devils won. 

Underdogs will have ‘plus’ odds. If NC State is +200 to win, you would profit $200 from a $100 bet if they won.

What is Spread Betting? 

The spread was created as a way to even the playing field for betting on lopsided matchups.

Some teams are such big favorites that it’s not worth it to bet on the moneyline. But the spread enables you to take either side, with points being given to the underdog to adjust for the discrepancy. 

For instance, if Duke is -10 on the spread, it would have to win by 11 or more points to cover the supposed 10-point difference in talent. If Duke won by exactly 10, the bet would result in a ‘push’ and you’d have the money you risked returned to you. 

If NC State is +10 on the spread, it could cover the spread by winning the game or losing by nine or less points.

What is a Parlay? 

A parlay is a popular way for people to bet on sports because the payouts can be truly wild. 

You can create a parlay by adding all of your best bets onto your bet slip and selecting ‘parlay.’

Your payout will be substantially higher when parlaying bets together, but you must win them all, and that can make it challenging to cash in on. 

Is Sports Betting Legal in NC? 

Yes. Sports betting became legal in North Carolina on March 11, 2024. 

DraftKings Sportsbook North Carolina Summary 

DraftKings is one of the most widely used sportsbooks, offering tons of betting lines on all of your favorite sports. 

You’ll also be treated to exclusive odds boosts and other promotions, including the welcome bonus you already read about. 

With the ability to bet on-the-go with a highly-rated app, betting on sports has never been easier.

Best NC Sportsbook Promo

North Carolina has access to some other great sportsbooks besides DraftKings. 

You can also claim welcome bonuses at FanDuel, BetMGM and Bet365! 

FanDuel has the only welcome bonus that can compete with the one at DraftKings, but why not claim them all? 

Here’s what you need to do at FanDuel: 

Click here to sign up with FanDuel and verify your identity and location. Then, deposit $10 or more and bet $5 or more. You'll get $250 in bonus bets, this weekend only!

Here’s what you need to do at BetMGM:

Click here to sign up with BetMGM and verify your identity and location. Then, deposit $10 or more and bet $5 or more. You'll get $150 in bonus bets!

Here’s what you need to do at Bet365: 

Click here to sign up with Bet365 and verify your identity and location. Then, deposit $10 or more and bet $5 or more. You'll get $200 in bonus bets!

Game odds refresh periodically and are subject to change.