You can take advantage of the PrizePicks promo code field as a new user and unlock a generous welcome bonus. The good news is that you do not actually need a code to begin.
If you are searching for a PrizePicks promo code, you will not find one, because the platform does not require it. All new users who create an account are automatically eligible for the Play 5 dollars, Get 50 dollars in Lineups offer.
Even if your first set of picks does not win, you will still receive 50 dollars in Lineups. In this guide, I break down everything you need to know about PrizePicks bonuses and how to claim them. Stick around until the end to learn useful tips on getting the most value from these promotions.
As I stated earlier, you won't need a PrizePicks deposit bonus code to claim the welcome offer and start making picks. Instead, once you register and verify your account, you become eligible for the "Play $5, Get $50 in Lineups" bonus.
To participate, you'll need to make a minimum deposit of $10, then pick your lineups and play with a minimum of $5. The $50 bonus is credited in the "Promo" money section and can be used when you want to pick your next Lineups.
The first step to using the PrizePicks deposit offer is to register for an account. I had no issues with this process, as it was straightforward. Registration itself consists of five steps, which I've broken down below.
While you can sign in and explore the platform at this point, you'll still need to complete the verification process if you want to make a deposit and claim your bonus. Here's how to do this
There are some key things to keep in mind when using the PrizePicks bonus. I've outlined some of them here.
Similar to other free money betting apps, there is no strategy that can guarantee your predictions will always be correct. However, I have picked up some tips over time that have led to a better experience with the PrizePicks bonuses. I'll be sharing some of them with you below.
DFS platforms can be confusing for new players. However, conducting extensive research, just like you would with other forms of betting, can save you from lots of problems down the line. While you are simply creating a fantasy team, there is a level of skill involved. The more you know about player stats, injuries, and other reports, the easier it will be to create Lineups that'll get you adequate points.
There are different ways to play on the PrizePicks Best DFS Apps platform. You can choose from the more conservative Flex Play or the high-risk Power Play, which offers better rewards. The initial $5 you use to create your first Lineup is essentially risk-free, as you receive your reward regardless of the outcome.
Experiment with different strategies and playstyles to determine which one works best for you. If your predictions are correct, you receive more in winnings, plus the $50 promo funds. In the event your prediction fails, you still receive the bonus and get some experience in the process.
The PrizePicks Streak is a free-to-play game offered by PrizePicks. This allows you to make daily picks that can potentially transform into big winnings. I suggest using it as a training ground first, before you use your bonus on Lineups.
You have nothing to lose, and given the 90-day bonus expiry, there's more than enough time to practice. Once done, you can then proceed to play with your promo funds. This way, you build your confidence and knowledge, both of which will be influential in extending your playtime with bonuses.
This may seem like old news at this point, but it is something many players tend to overlook. For instance, you need to make a minimum wager of $5 to be eligible for the PrizePicks bonus.
Go any lower, and you won't be eligible. Since it applies to only your first wager, you may never get the chance to claim it again. Additionally, a 90-day expiry is attached, which you should keep in mind. It might seem long, but time tends to fly quickly if you aren't paying attention.
Do your research as soon as you receive the offer and pick your Lineups to avoid losing it. As a rule of thumb, I suggest reading the terms and conditions first before claiming any PrizePicks sign-up offers, since they are subject to change.
As I earlier mentioned, knowledge is key when it comes to creating DFS lineups. For this reason, I have provided answers to some key questions that cause issues for players.
PrizePicks offers a variety of lineup options, ensuring there is something for every type of player. Regardless of if you prefer playing conservatively or are a high-risk player, the platform has something for you. Here's a look at the options.
Here, you enter a contest and still claim a win, even if one or two of your picks don't win. However, this comes at a price of lower maximum payouts. I recommend this option if you want to enter a contest with lower fees, or if you are uncertain about one of your Free Picks.
In this contest, you pick predictions that must all turn out correctly, or you win nothing. It also comes with the benefit of larger payouts, making it a great choice for players who have a high risk appetite.
These are similar to games on free sweeps cash casinos since they don't require a fee to enter. It is available in selected states, and all you need to do is make picks. You then rack up prizes as you go on win streaks. Longer streaks amount to larger rewards, with top prizes reaching up to $1 million.
If you enjoy competitive gameplay, these are the ideal contests for you. Here, you compete against other players, similar to the standard pick'em fantasy contests. If your picks get the highest number of points, you win.
The PrizePicks DFS platform allows you to create a lineup through the website or mobile app. To begin, choose a selection of between 2 and 6 player props and decide if you want them to have more or fewer than the selected prop number.
Then, select your Lineup option, such as Flex Play or Power Play, and enter your bet amount. Finally, confirm your Lineup, and you are good to go.
While a PrizePicks DFS app is available for iOS and Android devices, it is not compulsory to install it to use your bonus. You can use the desktop version, mobile casino, or app, depending on the option that aligns with your needs.
After using up your PrizePicks sign-up bonus, there are still other promotions you'll be eligible for if you stick around. Here are some of the options I came across during my PrizePicks review.
Unfortunately, PrizePicks does not have an exclusive bonus for loyal players. This differs from many other top DFS platforms, which offer loyalty programs with varying levels. Nonetheless, the platform makes up for this with other generous bonuses to keep you going.
Sometimes, you'll come across projections represented by a green Goblin icon or a red Demon icon. Goblins are easier to win and come with low risk and lower payouts. In contrast, Demons are difficult to hit but can offer you multipliers of up to 2,000x your bet. This can result in some impressive payouts if you land it on a large play amount.
You can claim up to $25 in promo funds when you invite your friends to sign up for an account at PrizePicks. To participate, head to the promotions page and select the "Refer a Friend" bonus option. Open it and copy the unique code, which you'll send to your friends. For everyone who signs up for an account and deposits some funds, you'll receive $25 in bonus funds to play.
PrizePicks will sometimes match your deposits by up to 100% or more. You'll receive a notification in your account or email if you are eligible for the bonus. Once you receive the email and make a deposit, the bonus funds will be instantly reflected in your account.
In some cases, PrizePicks will reduce the stat projection for a limited period, giving you the chance to claim more in winnings. Discounted projections are easy to spot as they are usually placed above the board when active.
Head to your promotions tab, and you'll find available payout boost offers that you can opt into. This bonus increases the amount you'll receive in payout for specific sports or lineups for a limited period. Payout boosts can be as high as 30% or more. During my time on the platform, I received a 40% Tennis Payout Boost with an entry fee of $20, which is a decent offer.
To determine if a bonus is worthwhile, one of the first things I do is to compare it against offers from other top operations. In the case of PrizePicks, I compared it against the offers you'll get from PrizePicks competitors known for having some of the best free bets offers. Here's a breakdown of what I found.
| Feature | PrizePicks | DraftKings | FanDuel |
| Bonus | Play $5, Get $50 in Lineups” | One Free Entry + 20% up to $500 on First Deposit | 100% up to $100 on first deposit |
| Qualifying bet | $5 | $5 | $5 |
| Minimum deposit | $10 | $5 | $5 |
The PrizePicks bonus holds its own depending on what you are looking for. Compared to the other offers, it only requires you to play with $5, and you'll receive $50 to choose your Lineups. This is the case regardless of if your prediction is correct or not.
However, some PrizePicks competitors offer match deposits, which means the value of the bonus you receive depends on your deposit. While they may not be great for players on a budget, these offers still give you more control, since it is easy to determine how much you want to claim in bonuses based on your deposit.
When it comes to the qualifying bet, they all fall within the same category. On the downside, PrizePicks features a slightly higher $10 minimum deposit to be eligible. Nonetheless, I'd still recommend it as a first choice for players who want to claim a bonus on a budget.
As mentioned, if you are playing on a budget, this bonus is a great choice. You only need a minimum deposit of $10 and a qualifying bet of $5 to claim the $50 in bonus bets. Even better is that you still receive the bonus even if your picks don't win.
If you feel the welcome offer is not rewarding enough, there are still many other regular bonuses that might be worth checking out. Ultimately, the choice is yours, depending on your requirements. I suggest you sign up for yourself to see if its offerings hit the mark for you. You can use the links on this page to visit the PrizePicks website and create your account.
PrizePicks does not require you to enter a promo code to claim offers.
No. You'll need to deposit at least $10 to claim the welcome bonus and other offers on the platform.
Players who are between the ages of 18 and 21, depending on the state they reside in, can access the website, register, and claim the bonus offer. This excludes those in Idaho, Hawaii, Nevada, Montana, and Washington. The list may change frequently, so it's best to check the terms and conditions first to determine if you are in a legal region.
Yes, if you win DFS contests, you can claim winnings in real cash. Bonus funds come with a 1x playthrough requirement.
PrizePicks supports various deposit options like Visa, Discover, Apple Pay, and Bank Transfers, among others. Please note that you can only withdraw funds using the same deposit method.
21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.
Copyright © 2025 Picks And Parlays. All rights reserved.
Picks And Parlays is the nation’s premier resource for sports betting and handicapping information.
