PrizePicks Promo Code & Review: Play $5, Get $50 Instantly

If you’ve ever wanted to get into Daily Fantasy Sports but found the whole thing a little overwhelming, PrizePicks is the best DFS site for you.

While the two giants of the industry, DraftKings and FanDuel, have spent the past decade creating more exciting and elaborate ways to play DFS, PrizePicks has gone in a different direction.

Imagine sports betting player prop bets and DFS had a baby; well, the offspring would be PrizePicks. With a pared-back playing structure that’s massively appealing to beginners and casual players, DFS has never been easier than on PrizePicks. 

This page is your comprehensive guide to PrizePicks. Everything you need to know is here: how the innovative DFS structure works, software and mobile app review, banking, bonuses, security, and more.

PrizePicks Promo Code and Bonuses

Welcome Offer - Play $5, Get $50 Instantly

PrizePicks offers new players a $50 bonus for only $5, no PrizePicks promo code needed. Make a first deposit of minimum $10, then place a $5 Lineup and get $50 instantly in the form of five $10 lineups.

The bonus applies only to the first deposit and awarded lineups are valid for 30 days. The maximum bonus is $50.

This is a standout deal compared to many DFS platforms, as it provides immediate value with minimal effort and no complex strings attached. Any winnings from bonus lineups are paid as a withdrawable balance, making it easier to access the bonus as real cash compared to platforms with higher rollover requirements.

However, the $50 cap on the bonus is relatively modest compared to larger DFS sites like DraftKings or FanDuel, which often provide more substantial deposit match offers or promotions.

PrizePicks compensates for this with random daily offers and a simpler, more casual approach to fantasy sports, appealing to recreational players. We like this bonus. It’s simple and easy to use, just like PrizePicks in general.

Refer a Friend for $25

The PrizePicks referral program is also a good offer. Every player has a unique promo code connected to your account that you can share with however many people you want. If they sign up to PrizePicks, use your code during registration, and make a deposit, you receive $25 in bonus cash (amount may vary between states). You can make up to ten referrals in a 30-day period. Easy.

Taco Tuesday

Every Tuesday, PrizePicks gives several special discounts across various games and competitions. Discounts are usually 15% to 25% of the original prediction, and you’ll spot the selected projections by the Taco replacing the player headshot.

Discounted Projection

PrizePicks will lower an individual stat projection as a time-limited offer: the projections will be shown top-of-board with a countdown timer. You can’t combine this offer with any other PrizePicks promo.

Flex Friday Payout Boost

A boosted payout is when a particular play is given a payout boost if it hits, and it is often done retroactively the following day at noon.  Opt in from the Promos tab for a 40% payout boost.

Protected Play

A protected play is where your first entered play of the day is protected up to a specific value, and if it loses, you are refunded in bonus cash equal to your first play value.

PrizePicks Banking Options and Payout Speed

Deposit Options

• Deposits are almost always instant, but on occasion, it can take up to an hour. In our use of PrizePicks, we have never had a time when deposited funds were not available immediately.

• PrizePicks allows players to use multiple payment methods, and you can connect up to two credit cards, one bank account, and one PayPal account to your PrizePicks account.

Withdrawal Options

Making a withdrawal at PrizePicks is easy; here is a step-by-step guide breaking down the process for you.

1. Go to your PrizePicks account page.

2. Enter the amount you want to withdraw.

3. Choose your withdrawal method.

4. Click request withdrawal.

• For your first few withdrawals at PrizePicks, your withdrawal can take 24–48 hours to be approved. Once you have made several, you can qualify for instant approvals.

• Withdrawals must be made to the same payment method used for deposit. If you used a credit card, Discover, or Apple Pay for deposit, you'll need to withdraw to a linked bank account.

• You can only make one withdrawal per 24-hour time period, and any deposited funds must be played through once before they can be withdrawn.

• You can only withdraw up to $1,000 a week at PrizePicks.

PrizePicks Security

PrizePicks has a solid security record. The company was founded in 2019 and is based in Atlanta, and is fully compliant with the local legislative authorities in every state it is available in.

Daily Fantasy Sports' legality generally varies state by state, and PrizePicks only operates in states where it is legal. The company is also a member of the FSGA (Fantasy Sports and Gaming Authority).

We have no concerns about PrizePicks’ use of data either or the safety of their payment options. Accepting payments from reputable and regulated processors like PayPal is always a good sign, and all the information stored on the site is SSL encrypted.

Overall, we’re very satisfied.

PrizePicks Customer Support

The support offered at PrizePicks is generally good; the only area that could be improved is the addition of phone support.

First and foremost, a live chat support button is always available, putting you in direct contact with a real agent. This is always our preferred way to find quick answers, so it’s good to see.

There is also an email option, which you can access via the Contact Us form or just by emailing support@prizepicks.com.

Currently, there is no phone support, which would be a good addition.

PrizePicks also features an FAQ section and multiple how-to/help videos to guide users through tasks such as setting up an account, making deposits or withdrawals, and more.

PrizePicks has one of the best customer help areas of any DFS or sportsbook operator we have ever reviewed.

PrizePicks Mobile App

PrizePicks is all about simplicity, which is precisely how its platforms have been designed. The site is nice and clean, with no intrusive advertisements or unnecessary information. The focus is on making it easy to log in and buy into the games without distractions or complications.

At the top of the screen is the list of sports currently available for games. When you click on one, all the upcoming options appear.

Unlike regular sportsbooks, which now offer an incredibly extensive menu of player props, PrizePicks has a more streamlined menu. For the most part, only the most popular upcoming games and players are represented, which is understandable given the need to keep things simple.

When you make a selection, the Scoring Chart will pop up, which allows you to choose between Power Play or Flex Pick, type in your entry fee, and confirm your entry to the game. It basically works the same as a Betslip in online sportsbooks.

Besides the selection, there are some support buttons, including a “How To” guide, the PrizePicks scoring chart, and quick links to FAQs and Live Chat.

There is also a “My Entries” section, which allows you to view all your upcoming and recently completed games.

Scaling complicated sites down to a usable mobile app can be a challenge, but PrizePicks’ in-built minimalism ensures the app works perfectly. Browsing and buying into the games is smooth and intuitive, with hidden menus, meaning it never feels cluttered. The app is available on both iOS and Android devices.

If you prefer not to download the app, PrizePicks’ site is also fully mobile-optimized when you access it via your device’s browser, too.

For more fantasy apps, take a look at the best DFS apps and sites.

PrizePicks recently launched a new social feature called "The Feed". I'm excited to try it out. It should allow you to see your lifetime stats on the app, search and follow other user profiles, copy other players' lineup or react to it, and share your lineup with friends or on social media.

PrizePicks User Ratings

Sports You Can Play on at PrizePicks

The sports available at any time on PrizePicks vary depending on what competitions are happening. PrizePicks generally offers a somewhat limited selection of players and games, preferring to focus on the most popular events and players.

However, if there is a big event around the corner, like the Super Bowl, NBA Finals, or Wimbledon, you can be sure to find games on PrizePicks. E-sports games are also popular on the site.

Where Is PrizePicks Legal & Operating?

PrizePicks is currently available in 45 states, Washington D.C. and all Canadian provinces except Ontario. In most states, you have to be 18+ to play at PrizePicks, except in Alabama, Colorado, and Canada (excluding Ontario), where you have to be 19+, and in Arizona, Massachusetts, and Virginia, where you have to be 21+.

PrizePicks Real Money is available in AL, AK, AR, CA, CO, DE, DC, FL, GA, IL, IN, KS, KY, MA, ME, MN, MO, NC, ND, NE, NH, NM, NC, ND, OK, RI, SC, SD, TX, UT, VT, VA, WI, WV, WY. Age requirements vary by state, so be sure to check your state's requirements before signing up.

Streak (Free to Play) is available in CT, MD, MI, MS, NJ, NY, OH, PA for players aged 18 and above, and in IA, LA for players aged 21 and above.

How Does PrizePicks Work?

PrizePicks have taken classic DFS games and created a much-simplified way to play. Players can win cash in two ways: win your group, or pick a winning lineup and get paid the minimum guarantee.

You are basically placing individual plays on how many DFS points will be scored by specific players. You’ll curate a lineup of two to six players that’ll be matched against other users with a similar experience level. The play structure goes like this:

1. Pick your player: choose 2-6 player projections in any sport, from LeBron James points to Verstappen finishing position.

2. PrizePicks sets an Over/Under on the number of points to be scored by a player in an upcoming game.

3. More or Less: you decide if each player will get More or Less on the projection.

4. Choose lineup style: Flex Lineups pay out even if you miss one or two picks, and Power Play Lineups offer higher payouts if you hit all your picks.

5. Set entry fee and submit: check the entry fee for that lineup, possible payouts, and submit. Your lineup is automatically matched into a group based on type and experience level.

6. Win two ways: win by finishing first in your group, or win the minimum guarantee if all your picks were right.

Unlike traditional sports betting, with PrizePicks, you are playing peer-to-peer against other players, rather than against the house. PrizePicks sets the lines (just like a sportsbook does), and you decide if you want to buy into the games based on them.

PrizePicks has a unique scoring system for every sport, which you can study in the “Rules” section, but it’s typically very easy to get the hang of. If you’ve ever played DFS games before, it will be largely familiar to you from other sites. If not, it’s very intuitive and easy to understand.

For every game you decide to play, there are two options: Power Play and Flex Pick.

Power Play

Power Play is available for 2, 3, 4, 5, or 6 picks and is essentially a regular parlay. To win the game, all of your picks must be correct. The payouts are as follows:

Flex Pick

Flex Pick is available for 3, 4, 5 or 6 picks, and if just one of your picks loses, you still win the play. The payouts are as follows:

One big attraction of PrizePicks is its simplicity. There is only one type of game offered, and it’s very easy to understand.

Unlike some of the more complex games at DraftKings and FanDuel, playing at PrizePicks is low maintenance. No need to spend hours studying form and second-guessing the opposition.

Instead, you can just log in before a match starts and choose a couple of players you think are going to perform well, sit back and enjoy the game with a little something extra to root for.

Early Exit: The Cash-Out Feature

PrizePicks has introduced its Early Exit feature, offering players a level of control previously reserved for traditional sportsbooks and prediction markets.

This feature allows users to get paid out on a Lineup that has not yet fully finished, on select sports and stat types.

Once two or more players in an eligible Lineup have started playing, users can utilize an Early Payout slider. The payout value updates in real-time based on player performance, providing a strategic option to guarantee a payout while the contests are ongoing or cut losses on a potentially busted Lineup.

Similar to a "cash-out" option, this puts immediate funds back into the player's balance, allowing for smarter, real-time decision-making and the ability to instantly create a new Lineup.

How to Sign Up at PrizePicks

Signing up at PrizePicks is very simple. In fact, there is just one screen of basic information you need to fill out.

Click the “Sign Up” button to get started. You’ll need to provide the following information:

• Full name

• Email Address

• Create a Password

• Date of Birth

• Address

There is also a separate field for a referral code, which you can use to unlock benefits with your new account. Clicking “Create Account” confirms that you have read and accepted PrizePicks' terms and conditions and privacy policy. After that, you’re good to go.

DFS platforms generally like to make it as easy as possible to create an account and start playing. PrizePicks has made a virtue of simplicity and minimalism, so it’s no surprise that it’s very straightforward to join.

Remember that you can create your account anywhere, but to play at PrizePicks, you must be in one of the legal states.

PrizePicks vs DraftKings and FanDuel

Inevitably, comparisons will be drawn between PrizePicks and the two biggest DFS providers in the world. DraftKings and FanDuel have dominated Daily Fantasy Sports in the US for decades, and any smaller site will naturally be in competition with them.

In the case of PrizePicks, it seems the site is targeting a slightly different customer base.

The simplified games and payment structures are likely more appealing to first-time DFS players than some of the more time-consuming and competitive games at DraftKings and FanDuel.

Unlike the big two, players at PrizePicks are playing against “The House” rather than other DFS players.

Obviously, there are a wider array of gaming options at DraftKings and FanDuel, and some players will certainly prefer the broader selection of games.

In our view, PrizePicks is perfect for two types of players: beginners looking for an easy entry point into DFS and sports betting fans looking for an alternative.

Although we’re generally very impressed with the software and user experience at PrizePicks, it’s also true that DraftKings and FanDuel’s platforms are probably a bit more developed, with more banking options, customer support options, and promos.

PrizePicks and Polymarket

PrizePicks announced a multi-year partnership with Polymarket, the world’s largest prediction market, to launch prediction markets in the United States.

The collaboration will integrate Polymarket's event contracts, covering sports, entertainment, and cultural markets, into the PrizePicks app. The deal, which follows similar moves by competitor Underdog and precedes expected entries by FanDuel and DraftKings, is pending Polymarket's re-entry into the U.S. market.

PrizePicks recently became a registered Futures Commission Merchant (FCM) to legally offer these CFTC-permitted contracts.

PrizePicks DFS Final Verdict

We’re big fans of PrizePicks. It really feels like the platform has carved itself a little niche in the world of Daily Fantasy Sports.

The games at PrizePicks are exceptionally easy to understand. Buying into one is fast and simple. The platform is perfect for beginners and casual players who want to buy into a quick real, money game before settling down to watch their favorite team.

The Over/Under style games are reminiscent of regular sports bets, which is certainly a big draw for players.

The site is still relatively young, and as we’ve outlined, there are a few things here, and there we’d like to see changed – the 1x turnover for all withdrawals probably being at the top of the list.

But overall, we’re certainly impressed. PrizePicks is an ideal way to get into DFS, and if you are in a legal state and decide to get in on the action, you can hit our links. We’ll help you get set up with your welcome bonus today.