PrizePicks Promo Code: Get a First Deposit $50 Bonus Instantly

by Ryan Gutzler (rgutzler) Last Updated 2025-05-05T18:25:29
✅ Fact checked by Matt Schmitto

Updated on 5/5/25

PrizePicks

Place a $5 Lineup, Get $50 Instantly - No Strings Attached!

Bonus Code

GRINDERS

Claim $50

Must be 19+ (or 21+ depending on jurisdiction) and within applicable state. Full T&C apply. Play Responsibly.

PrizePicks promo code delivers new users a bonus.

This exclusive PrizePicks promo code requires a minimum deposit of $10 and is currently eligible in the majority of states.

In this article, you’ll find more details about the PrizePicks promo code, including how it stacks up against its competitors, plus a PrizePicks app review, sign-up instructions, deposit information, playing tips, and more!

Best PrizePicks Promo Code Offer

The PrizePicks promo code, also known as a bonus or referral code, is simple and quick to use for a $50 bonus.

Fantasy sports fans can use the code to get in on the DFS action on nights when they don’t have time to digest a full slate of games. I was a casual myself back when I first claimed this offer, and it’s stood the test of time for sure.

Ongoing PrizePicks Promos

Beyond the initial welcome bonus, existing PrizePicks players enjoy the following promos:

PrizePicks x San Diego Padres Special

Californians rejoiced when PrizePicks, in April 2025, announced its status as the official fantasy sports partner of the San Diego Padres.

Alongside securing in-venue branding at Petco Park, PrizePicks is introducing a special in-game promotion for the 2025 season. Whenever the Padres score 10 or more runs during a home game, fans can join a text-to-enter contest for an opportunity to win a $10,000 free PrizePicks lineup and tickets to an upcoming Padres game to see their picks live at Petco Park.

Takes 2 Tickets for the NBA Championships

Your takes could take you to sit courtside at the Championship. For every $5 3-Pick Flex NBA Lineup you submit during the playoffs, you will be entered to win a VIP trip to sit courtside at the championship game.

NBA Boosted Community Plays

The NBA Playoffs arriving means NBA Community Plays on PrizePicks. Check out the Promotions tab this weekend to find a payout boost on both The Stephen A. Smith Show and Sketch’s NBA community plays for the games this weekend!

PrizePicks Taco Tuesday Promotions

PrizePicks has picked up on the popular Taco Tuesday tradition and extended it to DFS with special PrizePicks Taco Tuesday promos.

How Taco Tuesday on PrizePicks Works:

Every Tuesday, normally a bland day of the week, PrizePicks customers can get extra value on their picks by choosing a player with a taco image next to their name. The extra value is usually a 15-25 percent reduction on the more/less projection.

For instance, PrizePicks let X users vote on the following discounts:

• Anatolii Trubin 3.5 -> 2.5 Goalie Saves
• Radoslaw Majecki 3.5 -> 2.5 Goalie Saves
• Jamal Musiala 3.5 -> 2.5 Shots
• Mateo Retegui 3.5 -> 2.5 Shots

As the graphic above indicates, Retegui came out on top so that was the promo available that week.

For more info, see PrizePicks Taco Tuesday Explained.

PrizePicks Flex Fridays

No need to talk about Friday, which is already one of the best days of the week. Nothing beats that Friday afternoon anticipation of the upcoming weekend and the fun times to come. PrizePicks recently decided to kick Friday up a notch by offering promos that give players a better chance to start their Friday DFS play on a winning note.

The Flex Friday offers change every week, but recent offers have included protected flex players, extra payouts if you go 5 out of 5, and a money-back offer if your first play comes up short. PrizePicks just made Fridays even better! Check out their social media channels for more info on both great promotions.

Demons and Goblins

PrizePicks has recently unveiled a new type of square to play, titled Demons and Goblins.

To play a “Demon” the player will see a square with a red demon logo. This type of pick is one where the risk is higher, meaning the payout would be higher too. PrizePicks says that the highest payout for a Demon is up to 100x, their highest ever.

The “Goblin” part of the new pick is one with a green goblin logo, and has a smaller payout chance since the risk is lower. 

For this new pick type on PrizePicks, players must choose the “more” option to get any winnings. This new game type is a unique one on PrizePicks that players will be trying out soon.

Reboot Policy

PrizePicks has a Reboot policy that protects your lineups if a player drops out because of an injury, though of course restrictions apply. Be sure to read up on when this handy policy applies to your lineups.

1000x Payouts

1000x is the highest payout that PrizePicks has offered, giving you the chance to win big on your lineups. For this max payout, you need to get all the picks in a 6-pick lineup correct and they all have to be Demons.

This multiplier is on par with what we’ve seen at Dabble, a DFS app with the always-present 1000x multiplier.

And similarly, there are Underdog Streaks with a max payout of 1000x.

5 and 6 Pick Power Plays

PrizePicks is going beyond its 2, 3, and 4 picks by leveling up to 5 and 6 as well. The standard multipliers are as follows:

• 2 picks: 3x
• 3 picks: 5x
• 4 picks: 10x
• 5 picks: 15x
• 6 picks: 25x

Refer-a-Friend

Yes, we’re referring you, but did you know that you can also refer friends? PrizePicks has a refer-a-friend program where friends can join via your unique referral code. Customized referral codes aren’t available to regular users, so you’ll have to share an ugly-looking code or get your friends to scan a QR code from your PrizePicks account.

For every friend you successfully refer, you’ll receive a $10 bonus in your PrizePicks account. Not sure where your bonus is? Your friend might not have made their first deposit yet. Even worse, they might not have entered your invite code correctly. So, make sure you and your friends are copying and pasting rather than testing your memories.

Of course, this referral program benefits you, but you if you want to share the wealth, we recommend you sending your friends our code to

How the PrizePicks Promo Code Works

By using the PrizePicks referral code , you can kickstart your PrizePicks account with $50.

Signing up is as simple as playing PrizePicks itself. Follow these step-by-step instructions to use the PrizePicks referral code today:

1. Click our links to go to the PrizePicks platform.
2. Fill out your personal information.
3. Use the PrizePicks promo code “ ” to claim your bonus.
4. Make a minimum deposit of $10 or more.
5. Place an entry and use your bonus funds within 90 days.

PrizePicks Games Today

Updated 05/05/2025 – Player selections provided by PrizePicks – Subject to Change

So once you’ve signed up with the PrizePicks bonus code, you can start combining picks for your first entry. The table above presents just four of the hundreds of examples you can find on the PrizePicks app.

But even better, you can find all of the of the best PrizePicks picks today from our expert team.

Recap: Use the expert tips above to choose your players to make a PrizePicks lineup. If they’re correct, you can win real money! Remember to select at least two players from different teams, and you can’t choose the same player more than once. Most importantly, remember to use the PrizePicks promo code to get a $50 sign-up bonus when sign up.

PrizePicks Promo Code Compared

The PrizePicks sign-up bonus seems pretty generous at first glance. But how does it compare to welcome offers from more of the best daily fantasy sports sites?

I’d say PrizePicks stacks up well against offers from other apps. It’s certainly not the highest amount, but it’s super simple to claim in just a few minutes and doesn’t require much initial investment on your part. Additionally, the PrizePicks promo’s minimum deposit requirement of $10 is standard with what we’ve seen from welcome promos at other DFS apps.

Take for example two of PrizePicks’ biggest competitors, Underdog and Sleeper. The Sleeper promo code offers a play $5, get $55, allowing you to take home more than you would at PrizePicks. The Underdog promo code is a first-deposit match, allowing you to earn more depending on how much you deposit as it matches 50% up to $1,000.

I’d argue that PrizePicks and Sleeper are the most beginner-friendly, as it lets you earn money just for placing $5 lineups.

There’s also Kalshi, which is legal sports trading perhaps more similar to sports betting yet legal across the entire country.

What Is PrizePicks?

PrizePicks is a DFS hybrid platform founded in 2018 by current CEO Adam Wexler and Jay Deuskar. The idea was sparked by Wexler’s desire to provide sports fans with an alternative to legal online sports betting and what was, at the time, the status quo of DFS sites.

In one corner, sportsbooks are not yet accessible across the United States. Many states are still waiting to legalize online sports betting, which leaves a large portion of the country nearly exactly where they were pre-PASPA. In the other corner the DFS peer-to-peer contests and formats that require users to put forth hours of extensive research, involving complex projections and game theory, if they want a chance at beating the sharks and whales that swim through the daily fantasy sports industry. That’s where PrizePicks comes into play!  PrizePicks is always innovating, as they try to improve the Pick’em experience for their users. Most recently, PrizePicks did this by introducing Demons & Goblins, adding bigger payouts and more ways to win.

Note that PrizePicks is not sports betting. Instead, it allows users to win prizes on fantasy sports entries for almost every sport and every game, and everything is accessible in the PrizePicks DFS app.

Not Your Average DFS Site

Not a sportsbook and not your average DFS site, PrizePicks provides a real-money format for individual fantasy performances as well as statistical projections, kicking to the curb the peer-to-peer aspect of fantasy sports we’ve grown accustomed to.

What makes them different than other apps like PrizePicks is that no site is more ambitious than the PrizePicks team when it comes to its robust menu. In fact, you’ll find arguably more options at PrizePicks than on some of the best sportsbook apps like DraftKings and FanDuel! Plus the sign up bonus is always among the best in the industry. Add to that the number of PrizePicks states where the product is available and you have a winner.

With its headquarters and offices in Atlanta, Georgia, PrizePicks has become the largest independently owned DFS site under Wexler’s leadership and continues to scale. And it’s easy to see why!

Is PrizePicks Legit?

Yes, 100%! PrizePicks is a safe and secure choice for bettors to diversify their entries all over the sports world. It is as legal and reliable as other DFS options like FanDuel, Underdog Fantasy, or DraftKings.

Players new and experienced at PrizePicks can play knowing that their money is safe there. The customer service, depositing, and withdrawals at PrizePicks are always in high regard with customers.

PrizePicks Summary of App Store Reviews

We took a random sample of PrizePicks reviews from users that left comments on the PrizePicks app in the App Store. Good or bad, we believe it’s important to show you what real users are saying about their PrizePicks experience.

Here’s what people thought:

PrizePicks reviewers highly recommend PrizePicks as a great app for winning modest amounts on a wide range of sports, including NFL and college football to less common ones like eSports and PGA golf. PrizePicks runs various promotions for existing users that don’t require promo codes, including Taco Tuesday promotions, which offers discounts on PrizePicks projections.  PrizePicks referral code funds are easily accessible. The PrizePicks app also has a Discord community for engaging with other users and learning about different sports. Users generally praise the app for its fast withdrawals and considers it an excellent choice for anyone interested in fantasy sports. 

PrizePicks Summary of Google Play Store Reviews

Similarly, we aggregated the ratings and PrizePicks reviews posted in the Google Play Store to see the overall sentiment users have towards PrizePicks.

Here’s what people thought:

The overall sentiment of these reviews is mixed leaning towards positive. The majority of the reviewers find the app enjoyable, efficient, and useful. They appreciate the support and recommend it for sports fans, particularly for those new to player picks. However, there are some mixed sentiments, as users have raised concerns about the interface, reliability, live updates, and the inclusion of key players. These reviewers suggest minor fixes for improvement, indicating that the app has potential but could be enhanced.

PrizePicks Reddit Reviews

Finally, we pulled a random sample of PrizePicks reviews from Reddit.

Here’s what people are saying:

The overall sentiment of these reviews is positive. The reviewers enjoy using the app for NFL picking and appreciate the flexibility in selecting position players. Moreover, the quick withdrawal process is seen as a positive aspect. However, there is a minor limitation mentioned regarding the inability to select a QB and a position player from the same team, but it does not seem to significantly impact the overall positive sentiment.

How to Play PrizePicks

With PrizePicks offering picks on the sports calendar year-round, there’s no reason not to be making picks and winning money with our PrizePicks referral code today. After grabbing the excellent sign-up bonus, what will be your first PrizePicks contest to play? Below are just a few of the many options you’ll have at your disposal this week.

NBA

Just like many games in PrizePicks, you can choose whether a player will get more or less than their projection in several different NBA categories, including points, rebounds, assists, 3-pointers made, blocked shots, and many more. With a packed schedule this weekend, there are hundreds of different options for NBA picking.

NHL

Similar to NBA picking, PrizePicks has a ton of options for choosing NHL player projections. Categories include shots on goal, points, goals, goalie saves, assists, goals allowed, and blocked shots. All you need to do is choose whether a player will get more or less than the listed metric. Now that football is done, you can try out a new sport. No better sport to try out than hockey. Give it a shot this weekend!

PGA

The PGA Tour heads to Orlando this weekend for the Arnold Palmer Invitational, and PrizePicks has several different picking options for the action on the course. You can even pick how many strokes you think a certain player will get on an individual hole. Think Charley Hoffman will bogey the 9th hole? You can pick More than 4.5 shots. This option pairs nicely with watching the action on TV.

NFL

PrizePicks already has many NFL picks available. Get your picks in early and take advantage of some additional value. Football season will be here again before you know it.

More PrizePicks Sports

• College Basketball
• Tennis
• Soccer
• eSports (League of Legends, Counter Strike)
• MMA
• College Football
• MLB

The above sports are offered by every DFS site. Nothing groundbreaking there. But where PrizePicks separates itself from the competition is by going one step further, offering several additional lesser-known sports that the competition doesn’t have, including:

• College baseball
• Cricket
• F1 racing
• USFL football
• WNBA
• NFL
• Power Slap (really!)
• Darts

PrizePicks really does offer something for everyone!

PrizePicks DFS

In addition to fantasy points-related squares, the PrizePicks DFS app now offers the ability to enjoy fantasy games. You are still picking more or less, just choose your preferred stats. Points scored, rebounds, 3-pointers, home runs, touchdown passes, field goals, rushing yards, saves, etc.

The options are limitless, and can actually span multiple games and sports. Players can build a ticket of anywhere from 2 to 6 selections and receive compensation based on the results. You don’t have to get them all right to cash, but the more you get right, the better you’ll make out.

PrizePicks DFS Software and Platform

PrizePicks is currently available on Mac, PC, Android app and iOS (iPhone/iPad) app. The interface is simple and easy to use. Nothing flashy but at the end of the day, PrizePicks is a ridiculously simple game, and the site does its job well. It’s easy to deposit, make your picks, and submit them.

The game itself is extremely easy to play and that’s reflected in the interface. The rules and scoring for each sport could be organized more effectively, but DFS players will no doubt be familiar with the scoring system after a few games, and when reading through the pop-ups where the scoring breakdown is available.

The PrizePicks’ website serves games both on desktop and mobile app browsers effectively, and of course, the iOS and Android mobile apps makes for even easier accessibility.. The PrizePicks mobile app delivers arguably the best user experience in the industry.

Additionally, users can get more promo funds via PrizePicks referral bonuses when other PrizePicks users sign up with your individual code. .

PrizePicks Contests

As mentioned, PrizePicks is simple. There are only two typs of game offerings — PrizePicks Flex Play and PrizePicks Power Play — which are available for multiple sports and events. Once you choose a sport, you’ll see a board that lists players along with their fantasy points and projections.

Next, users must at the very least make more/less selections for a minimum of two players on two different teams. The full rules are as follows:

• Choose 2, 3, 4, or 5 plays (this was previously capped at 4!)
• Pick the more/less on the projected fantasy points
• Determine an entry amount and pick either the Flex Play or Power Play

Upon completion of the contest, payouts are determined on the type of play. Each has its pros and cons, with PrizePicks Flex Play paying out less money (but more often) than Power Play.

Power Play

Choosing Power Play offers the biggest potential payout, but provides no margin for error. You have to get all of your selections right to recoup any money. The following prizes are awarded based on the number of entries you pick.

• 4/4 picks pay out 10x
• 3/3 picks pay out 5x
• 2/2 picks pay out 3x

Flex Play

Not convinced you’re going to ace them all? PrizePicks also offers Flex Play payouts which award a smaller amount for tickets that aren’t perfect but are more right than wrong. Prizes will vary based on whether its a 2, 3, 4, or 5 pick play. There’s strategy behind each selection. For example, the perfect payout for a 3-pick vs a 2-pick isn’t far off, 2.25x (3/3) vs 2x (2/2). However, the 3x offers the security of still paying a rewarding 1.25x for a non-perfect result (2/3). The different options allow PrizePicks users to pick the payout structure that suits them, and their picks, best.

• With a 5-pick Flex Play you will 10x your money by going 5/5, 2x your money going 4/5, and return .4x for a 3/5 score. .4x may not seem like much, but getting 40% of your entry back adds up significantly and will lead to more opportunities to hit it big.
• For a 4-pick Flex Play you will need to be perfect or miss just one item to cash. 4/4 pays 5x your entry, while 3/4 awards 1.5x.
• On 3-pick Flex Plays users stand to earn 2.25x by getting all three items correct, and will return 1.25x by missing one (2/3).
• Finally, the 2-pick Flex Play. Get them both right and 2x your cash. If you miss one, you halve your money with a .5x payout.

Pick ‘Em Arena

The Pick ‘Em Arena gives the chance for head-to-head contests for users in Alabama, Delaware, Missouri, Tennessee, West Virginia, and Wyoming. Users pick between two to four projections from the player board and wager on if those projections will be exceeded or not.

Pick ‘Em Arena entry fees for contests range from a flexible amount of $5 to $100.

PrizePicks Live Entries

PrizePicks users now have the chance to submit Live Squares. This means players can make entries from live, in-game adjusted lines in real time!

While PrizePicks only specializes in pick’em games, you can play fantasy drafts elsewhere. I’d suggest starting with Underdog Best Ball as you can set your roster and forget it for the rest of the season.

PrizePicks Tips

Check out RotoGrinders’ PrizePicks tool and browser extension if you want another edge in Daily Fantasy Sports.

This particular extension displays RotoGrinders player projections, in a variety of stat categories, on the PrizePicks dashboard, helping you make informed decisions in all of your contests. To access this content, RotoGrinders premium subscribers must sign in to the extension by clicking on the extension icon to the right of the address bar in Chrome. Become an RG Premium member, download the extension, and kick off your wins today!

PrizePicks Legal States

PrizePicks operates in EVERY U.S. state and Canada EXCEPT for the following: AZ, CT, FL, HI, ID, IN, IA, LA, MD, ME, MS, MT, NV, NH, NJ, OH, PA, TN, VA, and WA. You must be 19+ years old to use PrizePicks referral codes and participate in their daily contests.

Legal PrizePicks states are as follows:

• Alabama
• Alaska
• Arkansas
• California
• Colorado (Free-to-Play Only)
• Delaware (Arena)
• Washington, DC
• Florida
• Georgia
• Indiana
• Kansas
• Kentucky
• Maryland
• Maine
• Massachusetts
• Michigan (Free-to-Play Only)
• Minnesota
• Missouri (Arena)
• Nebraska
• New Mexico
• New York (Free-to-Play Only)
• North Carolina
• North Dakota
• Oklahoma
• Oregon
• Rhode Island
• South Carolina
• South Dakota
• Texas
• Utah
• Vermont
• Virgin Islands
• West Virginia
• Wisconsin
• Wyoming

PrizePicks Customer Service Review

PrizePicks’ preferred method of communication is via chat on the website or through the PrizePicks mobile app. We sent a quick message to the PrizePicks customer service team and were responded to promptly. There shouldn’t be any issues getting in touch with PrizePicks.

If you run into any issues with claiming your bonus code, the PrizePicks member support team will be able to promptly help.

Find more details on PrizePicks’ customer service in our guide.

PrizePicks Banking Details

One thing to note about withdrawing from PrizePicks is that you have to play through your original deposit 1x before you can withdraw your winnings or original amount. So if you get your $50 bonus, you can’t just immediately withdraw $50 if you decide not to use the service. You have to spend $50 on contests before making a withdrawal. Something to consider before making a deposit. PrizePicks has the following options for withdrawals and deposits:

• Visa credit or debit card – The same card that is likely in your wallet (or stored on your iPhone or EDGE Boost account) can be used to fund your PrizePicks account. This does not include the Visa-branded prepaid cards that are available to buy at the grocery store. The Visa card needs to be connected to a bank account or credit card company.
• Discover credit or debit card – Discover credit cards have been around for a long time, but now you can sign up for a checking account with Discover and get your very own branded Discover debit card, which is accepted anywhere that takes Discover, including PrizePicks.
• Instant Bank Transfer – Easily and seamlessly transfer funds from your bank account to PrizePicks to fund your account or withdraw your winnings. This may be the simplest banking option available, and it is also the fastest. How can anything be faster than Instant?
• PayPal – The same PayPal account you use to pay for all kinds of stuff can be linked to your PrizePicks account. This is another easy option for deposits and withdrawals using the funds available in your PayPal account.

For more info, read What Is the Deposit Limit at PrizePicks?

PrizePicks Pros & Cons

Here’s our list of PrizePicks pros and cons, regarding the mobile app, product, referral code, promotions and more.

Pros

• Great promo code and an instant $50 bonus for new customers
• Available in most states
• Simple way to play
• Site is user-friendly and provides a great experience
• Less competition than typical DFS sites like FanDuel and DraftKings
• Robust menu
• Niche sports allow customers to find favorable opportunities
• Similarly, early projections allow players to find an edge
• Competitive payouts
• Frequent promotions for existing customers

Cons

• Same-game entries are not allowed, due to regulations
• Limited deposit methods
• Customers must play through their deposit match before withdrawing

Final Thoughts on PrizePicks

PrizePicks is good old-fashioned picking fun in a new and exciting DFS package. We’re here for it, and we think you should give it a try, too. There’s virtually no learning curve, and it’s effortless to deposit and enter plays. It’s getting easier and more fun to play DFS games, and PrizePicks is a great addition to the DFS industry.

Most notable is its menu of entries, which gives its users a plethora of sports to choose from. If you have a niche, we’re confident you can find an edge and consistently win money here. We give the site and its awesome promo code a full and hearty RotoGrinders recommendation — sign up to start playing PrizePicks today!

PrizePicks Referral Code FAQs

Have more questions regarding PrizePicks, its promo code, or other features? Get fast answers with the help of these FAQs:

How do you get a new customer promo on PrizePicks?

You can get your new customer PrizePicks promo by signing up for a new account with the code GRINDERS.

How do you use PrizePicks Referral code?

Use the links on this page to go to the PrizePicks app. This should automatically populate the PrizePicks promo code on the signup page, but if it doesn’t, then copy/paste and enter it in the field yourself. Then, just place a $5 lineup to get your $50 bonus!

Is PrizePicks legal?

Yes, PrizePicks is a legal DFS site that allows you to make picks and win real money.

How do you deposit money on PrizePicks?

You can deposit quickly with PayPal or a debit/credit card.

How old do you have to be to play PrizePicks?

To play on PrizePicks, you must be 19 years or older in most states. Some PrizePicks states, however, require you to be at least 21 years of age (in Arizona and Massachusetts, for instance).

How long do PrizePicks take to pay out customers?

Most PrizePicks customers can qualify for instant PrizePicks withdrawals to receive their money quickly. New customers, however, first must underdog a manual review process for security reasons, which takes anywhere from 6 to 12 hours for deposit.

What are the best PrizePicks promotions?

The best PrizePicks promotion is for an exclusive $50 sign-up bonus for new users. Customers can find more promotions, including payout boosts once they’re signed up on the PrizePicks app.

What other PrizePicks promotions are available?

Prizepicks offers promotions for existing customers with referral codes via email, push notifications, and in-app popups. These referral codes are typically redeemed for entries, payout boosts, squares, and more.

Where can you play PrizePicks?

The PrizePicks states where you can play are: AK, AL, AR, AZ, CA, CO, DC, GA, IL, KS, KY, MA, MI, MN, NE, NM, NC, ND, OK, OR, RI, SC, SD, TX, UT, VT, VA, WI, WY. CO, NY, and MI are free-to-play only. DE and MO are available for Arena. New users can use the code an instant $50 when they sign up and play for $5 as long as they’re in a participating state.

How to contact PrizePicks customer service?

You can follow PrizePicks Support on Twitter (@PrizeSupport), and message the Support Team live on the PrizePicks site for quick answers and solutions to any questions or issues you have.