PrizePicks Promo: $50 Bonus After $5 Entry

PrizePicks is offering new users $50 in promotional funds after they submit an entry worth at least $5 in any contest. The offer is currently active for the NFL Week 7 season.

To claim the bonus, users must create an account with location services enabled to verify eligibility. The platform requires a minimum deposit of $10 and the application of a valid promo code during the sign-up process. Once the first lineup is submitted for a minimum of $5, the $50 credit is added to the account.

Age requirements for participation vary by state. Most users must be 18 years old, but residents of Alabama and Colorado must be 19, while those in Arizona, Iowa, Louisiana, and Massachusetts must be 21. The platform applies automatic monthly deposit limits based on age, setting caps of $1,500 for 18-year-olds, $3,000 for 19-year-olds, and $5,000 for 20-year-olds.

The platform offers three primary contest formats, each available in different regions. Pick 'Em is available in 19 states plus Washington D.C. In this format, users predict whether player statistics will be higher or lower than a set number. Payouts depend on the number of correct picks. For example, a three-pick Flex Play entry with three correct predictions returns 2.25 times the entry fee, while a Power Play entry with all correct picks returns five times the fee.

Pick 'Em Arena is available in 17 states and operates with a group-based structure where entries are submitted to groups based on timing and skill level. Streak is a free-to-play option available in 10 states that extends a user's streak with each correct prediction, with cash prizes reaching up to $1 million for long winning streaks.

PrizePicks states that payouts are processed within 30 minutes of a contest settling. Users can withdraw funds to a bank account, PayPal, Venmo, or debit card, with a minimum withdrawal of $10. Only one withdrawal is permitted per 24-hour window, though most customers receive instant processing. A specific rule requires users to play through their deposited amount before withdrawing funds, meaning a $20 deposit must be wagered on lineups before a cash withdrawal is possible.

Regular promotions include Taco Tuesday, which discounts player projections by 15% to 25%, and Flex Friday, which protects a portion of a losing entry as promotional funds. Users can access these offers through the Promos tab on the app or website.