DraftKings Revamps Loyalty Program, Worse Off For Bettors

• DraftKings recently changed their loyalty program, Dynasty Rewards, making it harder for casual bettors to increase their status.

NEW YORK – Last year, DraftKings Sportsbook announced significant changes to its Dynasty Rewards Program, with updates having taken place since last week Friday.

These changes include new Tier Credit earning rates for wagers placed on its sportsbook and adjustments to which bets are eligible for rewards. While the legal sports betting program still offers players the opportunity to climb through tiers—Bronze, Silver, Gold, Diamond, and Onyx—the latest updates make it increasingly difficult for the average bettor to maximize their rewards.

What’s Changing With DraftKings Sportsbook?

Under the new system, Tier Credits will now be earned at revised rates based on betting odds.

• Odds -300 to -125: Earn 1 Tier Credit for every $18 wagered.
• Odds -125 to +200: Earn 1 Tier Credit for every $9 wagered.
• Odds +200 to +500: Earn 1 Tier Credit for every $4.50 wagered.
• Odds +500 or greater: Earn 1 Tier Credit for every $2.25 wagered.

Notably, bets placed at odds lower than -300 (e.g., -500) will no longer earn Tier Credits, limiting the types of wagers that contribute to loyalty rewards. This contrasts with the current system, which rewards bets down to odds of -1000.

Additionally, horse racing betting, previously earning 1 Tier Credit for every $4 wagered, will now earn at a reduced rate of 1 Tier Credit for every $20 wagered.

Why Does It Matter to Bettors?

For many recreational bettors, these changes mean fewer rewards for the same level of play. Bettors who favor safer wagers (e.g., heavy favorites) or lower-stakes bets will find it harder to climb tiers and unlock loyalty benefits.

The updates also shift the balance of rewards toward higher-risk bets, potentially encouraging riskier behavior to maximize Tier Credit accrual. The focus on riskier bets is further exemplified when learning about their new $20/month boosted parlay subscription.

For players looking to maintain their current Tier Status or achieve higher tiers like Diamond or Onyx, the higher thresholds and reduced earning rates might require significantly larger bankrolls.

While DraftKings adjusts its rewards, bettors may want to explore alternative platforms with more accessible and straightforward loyalty programs, such as Bovada. Known for its user-friendly rewards system. Bovada offers:

• Earn points on all wagers, regardless of odds.
• Consistent rewards for casino, poker, and sports betting activities.
• Points that can be redeemed for bonus cash or other perks, without steep earning thresholds.

Additionally, Bovada remains a popular choice for using Bitcoin for sports betting and other cryptocurrencies, adding flexibility for funding and withdrawals.

The Bottom Line

For bettors who want to stick with DraftKings, it’s essential to understand the new rules and strategize accordingly. Focus on higher-odds bets, as bets with odds of +200 or higher now earn credits more efficiently. Mix in casino play if possible and monitor thresholds to keep track of Tier Credits to ensure you don’t miss out on maintaining your tier status.

Alternatively, for bettors frustrated with the changes, exploring legal online sportsbooks like Bovada or BetOnline, who also has a rewards program, can offer better value and simpler rewards systems.

News tags: Bovada | DraftKings | Dynasty Rewards Program | Hose Racing | Loyalty Program | New York | Parlay