Best PrizePicks Promo Code Offer for August

While some sportsbook and DFS bonus offers can be tough to navigate, our current PrizePicks bonus is relatively straightforward. Register using the promo code EWB and receive a 100% deposit bonus, up to $100. The offer details found in the table below are updated daily.

Note that this offer is for eligible first-time depositors. New players must be physically located in a state where PrizePicks is licensed to operate. Following their recent launch in Colorado and Maryland, PrizePicks is available in every U.S. state excluding AZ, CT, DE, HI, ID, IN, IA, LA, ME, MS, MO, MT, NV, NH, NJ, OH, PA, TN, VA, and WA. You can always find the list of excluded states on the PrizePicks Terms page.

It is worth pointing out that players in states like Texas, that do not have legal sports betting, can enjoy legal prop betting contests at PrizePicks. Of course, PrizePicks is not the only fantasy company that offers these contests, but they do have some advantages over their biggest competitors.

How Does the PrizePicks Bonus Code Offer Compare to Competitors?

PrizePicks consistently offers some of the best promotions in the DFS industry. At the moment, their $100 deposit match is the same offer new Underdog Fantasy players receive. However, PrizePicks edges out Underdog in a few areas.

When compared with brands like Vivid Picks, ParlayPlay, and Lucra Fantasy, the PrizePicks promotion is a multiple higher in terms of total bonus. While Monkey Knife Fight also offers a $100 deposit bonus, the terms for the current PrizePicks offer are considerably more player-friendly.

Clearly, apps like PrizePicks will always struggle to compete with industry leaders FanDuel and DraftKings, but where they tend to have a massive advantage over both brands is in the terms and conditions for their bonus offer. PrizePicks makes it easy to instantly receive your free $100, while FanDuel and DraftKings may require you to play through your deposit up to 25 times before receiving your full bonus.

How Does the PrizePicks App Compare to Competitors?

While we are big fans of the PrizePicks app, from the design and user interface to the customer support team, it is still worth seeing how it stacks up to its competition.

When compared to Monkey Knife Fight, PrizePicks offers a considerably better website and app. When comparing PrizePicks to Vivid Picks, they offer more variety in contests, games available, and slightly more payout options. Lastly, PrizePicks' biggest competitor this August is Underdog Fantasy who offers a slightly inferior prop format but does offer snake-style fantasy drafts and season-long best ball.

After closing a round of funding led by big-name investors like Matt Ryan and John Collins, PrizePicks looks poised for even more growth and innovation in 2022. We expect them to expand their product and get even more aggressive with their promotions by the end of the 2022 MLB season.

How Does PrizePicks Work?

Whether you enjoy DFS or sports betting, you will find the experience considerably more enjoyable when using the PrizePicks app. With as sleek and intuitive an interface as they come, the PrizePicks platform allows users to make entries ranging from two to five players/stats from any combination of sports. Below, we go over just how simple and user-friendly it is to play on PrizePicks:

For each entry on PrizePicks, users:

1. Select either a single stat or a player fantasy score for your entry pick.
2. Choose between the over/under on the selected stat or score.
3. Repeat steps 1 & 2, for up to five single stats/fantasy scores.
4. Select type of play—how many picks (minimum)—must be correct for this particular entry.

And that’s it! The payout multiplier will be determined by the type of play you select in step 4.

Types of Plays & Payout Multipliers

PrizePicks offers a variety of contest types that users will want to familiarize themselves with. It is worth noting that the free entry you receive with our promo code can be used on any of these formats. The types of plays and accompanying multipliers for PrizePicks contests are as follows:

Flex Plays:

As the name would suggest, Flex Plays allow for flexibility when it comes to winning an entry.

Flex Plays allow for one wrong pick: On a 4 pick entry, 3/4 correct picks on a Flex Play would still pay 1.5x (+150) your entry amount.

If you happen to hit all four correct on that entry, the payout would be 5.0x (+500).

Power Plays:

Power Plays require every pick to be correct, for an increased multiplier.

Whereas the same 4 pick lineup as above would pay out 1.5x or 5x your entry, a Power Play entry on the same lineup would return a magnificent 10x payout.

Here is a breakdown of the payouts based on the number of picks and type of play:

Two Picks:

Three Picks:

Flex Play | 1.25x (+125) for 2/3 correct picks; 2.25x (+225) for 3/3 correct picks
Power Play | 5x (+500) for 3/3 correct picks

Four Picks:

Flex Play | 1.5x (+150) for 3/4 correct picks; 5x (+500) for 4/4 correct picks
Power Play | 10x (+1000) for 4/4 correct picks

Five Picks:

Flex Play | 0.4x (-250) for 3/5 correct picks; 2x (+200) for 4/5; 10x (+1000) for 5/5 correct picks

PrizePicks Promo Offer Pros and Cons

PrizePicks has a stellar reputation in the DFS industry, but how does their 100% deposit bonus (up to $100 free) compare to other DFS apps? Take a look at the pros and cons of the current PrizePicks promo code offer to get an idea of just how good this promotion really is.

PrizePicks, Underdog, Vivid Picks, and Thrive all offer similar promotions, great apps, and a wide variety of contest options. We recommend testing each app to see if you prefer playing on one over the other options.

In a head-to-head comparison, PrizePicks offers a wider variety of player prop options, Underdog offers more ways to play outside of just player props, and Vivid Picks offers the best experience for players looking to enter e-sports contests.

Current PrizePicks Rating

PrizePicks offers one of our favorite DFS platforms in the DFS industry this August. There is plenty to love about the product, but for us, it starts with the overall design and feel of the app. PrizePicks did a great job of building the app to not only look great but function perfectly. Finding the game/player/prop/contest you want could not be easier.

The second major factor that played into our current PrizePicks rating is the bonus offers. They do a great job of matching the top offers across the industry at all times. As an added bonus, there are never confusing terms and conditions with any of the PrizePicks promotions. Simply sign up, make a deposit, and receive your bonus.

Find our current rating, updated using user-feedback on August 1, 2022.