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PrizePicks Promo Code: Place a $5 Lineup, Get $50 Instantly!

by:Christopher Ilenstine10/23/24
NFL: Las Vegas Raiders at Baltimore Ravens
Credit: Tommy Gilligan-Imagn Images

PrizePicks, one of the nation’s leading daily fantasy sports platforms, is offering first-time users a very enticing welcome offer: Place a $5 Lineup, Get $50 Instantly offer!

Read along with the rest of this guide for more details on the PrizePicks brand, including available states, existing user promotions, banking options and much more.

What is the PrizePicks Promo Code?

The latest PrizePicks promo code offers new users a fantastic start in daily fantasy sports. Enter the code during registration to instantly receive $50 after placing a $5 lineup.

This promotion provides newcomers a substantial boost, enabling them to explore the platform and its features with minimal financial risk using promo funds.

PrizePicks Promo Code Terms & Conditions

To qualify for the PrizePicks promo code, new users must submit a lineup of at least $5 after registration. Other terms and conditions to know regarding the PrizePicks promo code include:

  • Only new customers in active PrizePicks states are eligible.
  • When prompted to register your email, you will also be asked for a referral code. Be sure to enter the PrizePicks promo code in this field to ensure you can claim the welcome offer.
  • The offer is activated when you place your first lineup of $5 or more.
  • The $50 reward will be distributed in bonus funds and is subject to rollover requirements.

How to Claim the PrizePicks Promo Code

Redeeming the PrizePicks promo code involves a straightforward process. Following these steps will help you make the most of your initial gaming experience with PrizePicks:

  1. Visit the PrizePicks website or download the PrizePicks app.
  2. Click on the ‘Sign Up’ button.
  3. Enter your email, date of birth, full name, and address. Create a password.
  4. In the promo code field, enter the PrizePicks promo code.
  5. Make an initial deposit of at least $5.
  6. Submit your first lineup with a minimum wager of $5 to qualify for the $50 bonus.

PrizePicks is available in various states and regions. In the U.S., it operates in states like Arkansas, California, and Texas for users aged 19 and above. In states like Arizona and Massachusetts, participants must be at least 21 years old. Some regions, including federally designated tribal lands, restrict PrizePicks from operating.

PrizePicks also serves Canada, excluding Ontario. Users in Indiana, Massachusetts, Tennessee, and Vermont cannot submit lineups involving college sports. Regulations may change, potentially allowing expansion into new areas.

Wherever you’re located, always double check that PrizePicks is legal in your state before attempting to place any lineups. You’ll also want to verify that you’re of the legal betting age in that state. Additionally, be sure to verify that any PrizePicks promo codes you try to claim are valid in your state before redemption.

Existing User Promotions at PrizePicks

After claiming your initial bonus, PrizePicks continues to offer various promotions to existing users via emails and in-app notifications. Regular events like Taco Tuesday and Flex Friday provide opportunities for discounted stats and added benefits.

Following PrizePicks on social media platforms like Twitter and Instagram keeps users informed about the latest promotions.

PrizePicks Mobile App Review

The PrizePicks mobile app prioritizes user convenience with a simple layout for selecting sports and player statistics. It features a variety of sports, from the NFL and NBA to eSports and cricket. Users can choose between Flex Play and Power Play, catering to different risk preferences.

The app also features a responsive 24/7 live chat support system. While the overall experience is positive, some users have reported issues like login troubles and delayed account verifications after updates.

PrizePicks Desktop Website Review

The PrizePicks desktop website features a modern, user-friendly design for intuitive navigation. Unlike the app, it serves as a supportive platform for information and account management rather than gameplay. Players can access comprehensive guides, enhancing their understanding of game mechanics.

The website’s straightforward layout includes step-by-step instructions, which is beneficial for new users. Customer support is available 24/7 through the live chat feature.

Game Formats Offered at PrizePicks

PrizePicks offers various gameplay formats and DFS contest types that cater to different player preferences and skill levels, ensuring something for everyone.

Let’s dive into the formats available via the PrizePicks App:

Pick ‘Em

In the Pick ‘Em format, users select between 2 to 6 player statistics to predict whether they will exceed or fall below preset benchmarks. This format spans various sports categories, allowing users to mix multiple sports in one lineup.

Players can choose Flex Plays, which allow for missed picks, or Power Plays, which require all picks to be correct for a payout.

Pick ‘Em Arena

The Pick ‘Em Arena provides a competitive setting for head-to-head contests for those in Alabama, Delaware, Missouri, Tennessee, West Virginia, and Wyoming. Participants select between two to four projections from the player board and bet on whether those projections will be exceeded or not.

Entry fees for contests in Pick ‘Em Arena range from $5 to $100, offering users flexibility.

Free to Play

PrizePicks offers a free-to-play option, enabling users to participate without financial commitment while still having chances to win prizes. The top 100 players in the free-to-play format can win a portion of a daily prize, adding a competitive element.

In the free-to-play game, PrizePoints act as virtual currency, allowing players to make selections similar to traditional PrizePicks gameplay.

Streak

In the Streak format, players aim for consecutive correct predictions over time to achieve larger rewards, promoting long-term engagement. A streak is maintained by making daily picks, with rewards increasing as the streak progresses. Players can earn up to $1 million by stringing together wins in the Streak format.

This format is available in several states, including Colorado, Connecticut, Iowa, and more.

Live Squares

As of October 2024, PrizePicks players have the ability to make “Live Square” entries! You can now wager on players in real-time with adjusted, live/in-game lines!

How to Build a Lineup at PrizePicks

Building a lineup at PrizePicks is straightforward yet strategic. It involves selecting two or more players and betting on whether their projected stats will be higher or lower than the set total.

Here are the detailed steps:

PrizePicks Player Squares

On PrizePicks, player squares represent individual performance metrics participants can bet on, choosing over or under the specified projections. Users can select between 2 to 6 player squares for substantial payouts. The flexibility of mixing players from various sports allows for a more diverse lineup.

The 6-Pick Flex Play offers participants the chance to win 25 times their bet if all six picks are correct.

Lineup Types at PrizePicks

PrizePicks offers two main lineup types: PrizePicks Flex Plays and PrizePicks Power Plays. Flex Plays allow users to profit even if not all selections are successful, offering a safer playing experience.

In contrast, Power Plays require all picks in the lineup to be correct for a payout, making it a higher risk but potentially higher reward option. For instance, a 4-Pick Power Play can yield up to 10 times the entry amount if all picks are correct.

Demons and Goblins

Demons and Goblins add a unique twist to PrizePicks lineups. Demons are high-risk projections with the potential for a 100x payout, while Goblins are safer options aimed at consistent wins. Players can include multiple Demons or Goblins in their lineups, identified by distinct icons on the platform.

Available Sports & Leagues on PrizePicks

PrizePicks offers a diverse range of betting markets across various sports, including major leagues like MLB, NBA, NFL, and NHL. The platform also provides betting options for niche markets such as esports and entertainment events. Just keep in mind that market availability for niche events such as those will depend on the state in which you are located.

Here’s a closer look at the betting options you’ll find on PrizePicks:

  • Baseball
  • Basketball
  • Boxing
  • Football
  • Golf
  • Hockey
  • MMA
  • Motorsports
  • Power Slap
  • Soccer
  • Tennis

Banking Methods at PrizePicks Sportsbook

Let’s explore the banking methods available at PrizePicks and how to verify your information for a smooth transaction every time:

Deposit Options at PrizePicks

Deposits can be made using Visa and Discover cards. Instant Bank Transfer allows users to link their bank accounts directly for quick deposits. Users with PayPal can deposit instantly if they have an existing PayPal balance or a linked bank account.

The minimum deposit required to play on PrizePicks is $10. To avoid issues, ensure the name on the payment method matches the account holder’s name.

Withdrawal Options at PrizePicks

PrizePicks primarily processes withdrawals through PayPal for user convenience. For security purposes, withdrawals generally require users to verify their identity and are processed using the same method as deposits.

Users can also withdraw funds to their bank accounts or debit cards used for deposits, with a minimum withdrawal amount of $10. A one-time password (OTP) is sent via email to confirm the withdrawal request.

PrizePicks Strengths & Weaknesses

Like any platform, PrizePicks has its strengths and weaknesses, so let’s explore what is enticing about PrizePick and what some of the drawbacks of the site are.

Strengths of PrizePicks

PrizePicks offers a user-friendly interface that simplifies the betting experience, making it particularly appealing for new gamblers. The platform features a wide range of sports and events to choose from, enhancing user engagement.

PrizePicks frequently offers promotional bets, known as ‘Free Squares,’ which can be seen as opportunities for easy winnings. Additionally, the platform provides flexible betting options, accommodating different play styles.

Weaknesses of PrizePicks

Despite its strengths, PrizePicks has some limitations. Regulations can affect betting options, which are somewhat limited due to the exclusive focus on over/under predictions. This also means that same-game entries and other contests are not allowed or may be unavailable in a particular region, as PrizePicks is not legally accessible in all states.

Users face limited options for depositing and withdrawing funds, and funds can only be received once they’ve played through their deposit match offerings and met the withdrawal minimum.

Customer Support at PrizePicks

PrizePicks provides 24/7 live support, meaning users can chat with representatives at any time an issue arises. The PrizePicks Help Center is another great resource for issues related to depositing, withdrawing, and account access. In the Help Center, users can also find information about promotions, lineup submissions, and account eligibility. For any inquiries, users can reach out to PrizePicks customer service.

If a bug or an unresolved issue may take longer, you can also email the support team for general inquiries or account issues. Additionally, PrizePicks has strict policies regarding account changes to ensure security.

Responsible Gambling at PrizePicks

PrizePicks takes responsible gambling seriously, implementing built-in limits to help members avoid excessive deposits or high play times. Players can set self-imposed limits for daily, weekly, or monthly deposits or play for a minimum of 90 days.

The platform offers timeouts, allowing users to temporarily halt their participation for up to 30 days, and a self-exclusion option to block access for 30 days or more. Users can access these tools by finding the ‘Responsible Gaming’ tab in the PrizePicks app. Several resources are also available via the help center.

PrizePicks Promo Code FAQs

Want to learn more about the best ways to use PrizePicks? I’ve compiled common questions about the PrizePicks promo code and the platform here:

What is the PrizePicks promo code?

The latest PrizePicks promo code allows new users to receive $50 instantly after making their first $5 lineup.

Participants must be at least 19 years old to play, except in Arizona and Massachusetts, where the minimum age is 21.

Certain states, including Idaho, Hawaii, Nevada, Montana, and Washington, may prohibit daily fantasy sports.

Which states have access to PrizePicks?

In most states, players can participate if they are at least 19 years old, except in Massachusetts & Arizona, where the minimum age is 21. The following states, MI, CO, and NY, are free-to-play only; while the rest of the states listed are open to all contest play: AK, AL, AR, AZ, CA, CO, DC, DE, GA, IL, KS, KY, MA, MI, MN, MO, NE, NM, NC, ND, OK, OR, RI, SC, SD, TX, UT, VT, VA, WI, WY. Daily fantasy sports betting through PrizePicks is currently prohibited in Hawaii.

Does PrizePicks offer existing user promotions?

Yes! PrizePicks not only offers a welcome bonus to new players but also provides ongoing promotions to existing users. After their initial sign-up, users can participate in various site-wide promotions such as payout boosts and protected plays. The PrizePicks app also offers sport-specific offers and themed promotions like Taco Tuesday and PrizePicks Flex Play Fridays.

What are the minimum deposit and withdrawal amounts at PrizePicks?

The minimum deposit and withdrawal amount on PrizePicks is $10, and the lowest fee required to enter a lineup is typically $5. This entry fee makes it accessible for most users to participate in PrizePicks games. You can also have up to two credit cards, one bank account, and one PayPal account available as the source or transfer point of your funds.

What banking options are available at PrizePicks?

PrizePicks supports multiple ways to make deposits or receive withdrawals through an approved banking method or quicker options like credit cards and PayPal. Depositors can also use Visa and Discover cards and instant bank transfers.

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