PrizePicks Review & Promo Code: 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 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 have 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 Promotions and Bonuses

Welcome Offer - Play $5, Get $50 Instantly

PrizePicks offers new players a $50 bonus for only $5. Make a first deposit of minimum $10, then place a $5 Lineup and get $50 instantly!

The bonus applies only to the first deposit and is available for 90 days after activation. 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. The 1x playthrough requirement is straightforward and user-friendly, 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. Easy.

Taco Tuesday

Every Tuesday, PrizePicks gives several special discounts across various games and competitions.

Free Square

A free is square is when PrizePicks discounts a projected stat over/under to make it an over lock, like discounting Patrick Mahomes' passing yards to 0.5 yards, essentially making the over a lock.

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.

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, but in our use of PrizePicks, we have never had a time when deposited funds were not available immediately.

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.

• You can only make one withdrawal per 24-hour time period.

• 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 on offer at PrizePicks is pretty 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 [email protected].

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

PrizePicks also has an FAQ section and multiple how-to/help videos to walk users through things like 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 these days have an incredibly deep menu of player props, PrizePicks has a much more streamlined menu. For the most part, only the most popular upcoming games and players are represented – which makes sense 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 lets you see all your upcoming and recently finished games.

The PrizePicks app is similar.

Scaling complicated sites down to a usable mobile app can be an issue, but PrizePicks’ inbuilt minimalism means 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.

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 43 states, Washington D.C. and all Canadian provinces too except Ontario. In most states you have to be 19+ to play at PrizePicks, besides in Arizona and Massachusetts where you have to be 21+.

Pick'Em is available in AR, CA, DC, GA, IL, IN, MN, NE, NM, NC, ND, OK, RI, SC, SD, TX, UT, VT, VA, WI. You have to be 19+ to play.

Pick'Em Arena is available in AK, DE, FL, KS, KY, MO, NH, OR, TN, WV, & WY for players who are 18+. It's available in Alabama and Colorado for players who are 19+ and in Arizona and Massachusetts for players who are 21+.

Streak (Free to Play) is available in CT, IA, LA, MI, MS, NJ, NY OH, PA for players who are 19+.

How Does DFS at PrizePicks Work?

PrizePicks have taken classic DFS games and created a much-simplified way to play. Gone are the days of creating a roster of players and managing your team against other players.

Instead, you are basically placing individual plays on how many DFS points will be scored by specific players. Think of it as DFS props on PrizePicks. The play structure goes like this:

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

2. You select the Over or Under on between 2–6 players

3. You choose how much they want to buy into the game for, with a $5 minimum and between $100 and $400 maximum

4. If your predictions are correct, you win and get paid out

The structure of PrizePicks feels a lot more similar to standard sports betting, with the individual games similar to a parlay using Over/Under plays.

Also, similar to sports betting, with PrizePicks, you are essentially playing against the house as opposed to other players. 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 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 is available only for 2, 3, or 4 picks and is essentially a regular parlay. To win the game, all of your picks must be correct. The payouts are as follows:

Power Play

All picks have to be correct.

Flex Pick

Flex Pick is available for 2, 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.

PrizePicks Account Signup and Registration Process

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 new site will naturally be in competition with them.

In the case of PrizePicks, it feels like the site is aiming for 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.

Similar DFS to PrizePicks:

For more on DraftKings and FanDuel have a look at our in-depth comparison of the two: DraftKings vs FanDuel.

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.