PrizePicks Promo Code LABS Delivers $50 Sign-up Bonus

PrizePicks promo code LABS grants a $50 sign-up bonus to first-time users when they play for $5! Here’s everything you need to know to claim the offer, including PrizePicks promo details and an in-depth app review for one of the best DFS sites in the industry.

Want to know if PrizePicks is legit? (Hint: it is) How do the PrizePicks app and current promo compares to other DFS sites? Our PrizePicks review provides all the answers. 

⭐ PrizePicks Promo Code	LABS
💸 Current PrizePIcks Bonus Offer	Place a $5 Lineup, Get $50 Instantly – No Strings Attached!
T&C’s	Must be at least 19 years of age and within applicable state (21+ in AZ and MA). Pick Em games available in AK, AR, AZ, CA, DC, GA, IL, IN, KS, KY, MA, MN, NE, NM, NC, ND, OK, OR, RI, SC, SD, TX, UT, VT, VA, WI only. Arena games available in AK, AL, AZ, DE, FL, MA, MO, MS, OR, TN, WV, WY. Full T&C apply. Play Responsibly.
Deposit Methods	Bank Transfer, Apple Pay, PayPal, Visa Card, and Discover Card
Last Verified	December 2024

PrizePicks Promo Code Details for $50 Signup Offer

If you’re looking for a new way to play DFS, FantasyLabs is offering a PrizePicks referral code for new accounts. Simply enter promo code LABS when signing up, then place an entry for $5 and get a $50 bonus instantly! The PrizePicks promo code requires a minimum $10 deposit and bonus funds must be used within 90 days of signing up.

PrizePicks Welcome Bonus vs. the Competition

Other fantasy sites have taken notes from PrizePicks’ success with pick’em games. One example is the Sleeper promo code. Similarly, the Underdog Fantasy sign-up bonus is available to new users on the DFS app. Their offers differ in amount and types (deposit matches vs. play-and-gets, etc.), so be sure to understand the terms of the offers you’re claiming.

How to Claim the PrizePicks Referral Code

To use the PrizePicks referral code, follow these step-by-step instructions:

1. Use our links to download the PrizePicks app or navigate to the PrizePIcks website.
2. Register for a new account by entering your personal information.
3. Enter “LABS” in PrizePicks’ promo code field.
4. Play $5, get $50!

What Is PrizePicks?

PrizePicks has quickly become a preferred option for DFS enthusiasts. Instead of requiring you to spend hours researching and building lineups only to run into sharks, the app lets users compete against the house with a more/less game available in a variety of categories.

They even offer More/Less on fantasy points, which is something that is not available at most other locations. The best part? PrizePicks features a user-friendly interface and is available across much of the United States and for most of the major US sports.

The innovative DFS site was founded in 2015 by Adam Wexler and Jay Deuskar, and it is headquartered in Atlanta, Georgia. It is currently legal in 43 of 50 states and Washington DC, which covers more than 80% of the US.

PrizePicks is growing at a rapid pace, increasing its user base by tenfold in 2021. They paid out more than $100M in that time frame, and they’ve paid out more than $650M since inception.

The company concluded a new round of fundraising in December 2021, and they added a host of noteworthy investors. They include quarterback Matt Ryan and forward John Collins, as well as former FanDuel executive Adam Kaplan. Previous investors include Phil Hellmuth, Andrew Bogut, and Kenny “KOT4Q” Beecham, so there are plenty of notable names behind the company.

How to Play PrizePicks

Once you’re signed up, it’s time to start building your pick card. Head over to your desired sport, and there should be a host of offerings available to choose from. For the NFL, PrizePicks features projections for the preseason, the regular season, and the full season.

The number of entries you include on each pick determines the potential payout. If you 2-for-2 in a Power Play contest, you’ll earn +200 on your entry. If you go 4-for-4, you’ll earn +1000. Just remember that the implied probability of a 4-play entry winning is only 7.53%, so pick accordingly.

The FantasyLabs Player tool can help you determine which entries to include. We grade each pick on a 1-10 basis, with the best picks earning a 10.

PrizePicks Sports

If you’re interested in picking it, there’s a good chance you’ll find it in the PrizePicks lobby. The app has a host of selections to choose from, including:

• MLB
• MLB (Live)
• WNBA
• NFL Preseason
• College Football
• PGA
• CSGO
• Soccer
• NFL Season-Long
• Tennis
• WNBA First Half
• Canadian Football
• League of Legends
• NFL Week 1
• F1
• Korean Baseball
• NASCAR (you can check out our NASCAR DFS page for picks)
• College Football Season-Long
• NBA (our NBA DFS page provides picks, tools, and more)
• NHL
• UFC
• Boxing
• NCAAW
• European Basketball
• Power Slap
• Darts

PrizePicks Contest Formats and Promos

PrizePicks contests can be broken into two different formats: Flex Play and Power Play. Both contests feature the same types of more/less entries, but they offer different payouts.

Flex Play Contests

Flex Play contests are perfect for those who are looking to build their bankroll slowly. The main advantage is that you don’t have to be perfect to win your contests. For a two-pick contest, you’ll get back 50% of your initial entry if you get one selection correct. In three-pick contests, you’ll get back 150% of your initial entry if you nail two out of three picks. In four-pick contests, you’ll receive 125% of your initial entry if you correctly choose three of four events.

However, there is a downside to this safety net. Since it’s a lot easier to get some of your money back in Flex Play contests, they do cap your upside when you nail all of your picks. Instead of getting +200 for nailing both picks in a Power Play contest, you’ll only receive +100.

Additionally, Flex Play contests allow you to add up a fifth individual entry to your contest. The maximum number of picks in a Power Play contest is four, so you can add a bit of upside that way.

Power Play Contests

In order to win your Power Play entry, you need to each individual pick.

While that’s obviously much tougher to accomplish, you are rewarded with a greater payout when you win. The number of picks included in each entry increases your potential payout, and going a perfect 4-for-4 nets you a 10x return on your investment.

You can see the difference in upside in the Power Play format when you nail all of your selections:

Ultimately, you’re winning an extra one unit on two-pick contests, 2.75 units on three-pick contests, and five units on four-pick contests when you nail all your selections in a Power Play. Whether or not you choose to preference safety or upside is a personal preference.

PrizePicks Demons and Goblins

Demons and Goblins is a new feature on PrizePicks! Demons and Goblins is a new game format where you can win up to 100X your money.

Here is how it works:

The squares marked with a Red Demon are statistically harder to win, but your entries are qualified for higher payouts of up to 100X. You must select “MORE” on Demons.

The squares marked with a Green Goblin are statistically easier to win but result in lower payout multipliers. You must select “MORE” on Goblins.

Stay up to date by checking the NFL board for Demons and Goblins, and keep an eye out for more coming soon!

Live Squares

PrizePicks users can now create “Live Square” entries as of October 2024. This gives you the chance to bet on players in real-time with modified lines that are updates as a game is going on.

PrizePicks Arena

PrizePicks has officially launched the “PrizePicks Arena”! PrizePicks Arena is a new peer-to-peer fantasy sports game available in Alabama, Delaware, Missouri, Tennessee, West Virginia, and Wyoming. This new game will give fans a new way to compete against their fellow peers.

After registering your account and making a deposit, select more or less on 2, 3, or 4-player projections. From there, submit your entry. Entries are placed into groups based on each member’s skill level, entry fee, number of projections selected, and the time of entry submission. You can win by selecting a perfect entry lineup OR by having the best entry lineup in the group!

Additional PrizePicks Promos

In addition to the current PrizePicks promo code, PrizePicks routinely rolls out additional promotions throughout the year. For example, you might find a bonus offer for a lower passing yards pick for a quarterback during a Thursday Night Football game. These promotions pop up frequently, and they greatly increase your chances of winning money playing on a PrizePicks game.

Taco Tuesday

Additionally, PrizePicks features an active Discord channel, and each Tuesday, users get to vote for a “Taco Tuesday” promotion. PrizePicks will normally nominate five players, and members can vote on which player they’d like to see an altered stat for.

As an example, the community once voted to have Dylan Cease’s strikeout pick lowered from 7.0 to 5.5. That is a significantly lower threshold for Cease to hit. Remember that these picks don’t always work out, even if they seem to be a better value. During the actual game, Cease only had 4 strikeouts, so the pick lost.

Refer-a-Friend

Finally, users can also receive a $25 credit by referring friends and family to PrizePicks. Each time someone signs up and deposits using your unique PrizePicks referral code, $25 will automatically be credited to your account.

Pickmas

At PrizePicks, it’s a very Merry Pickmas thanks to a host of free picks coming out. Most recently is The Joker, who’s on sale for 0.5 points for the Denver Nuggets Xmas Day game. The pick is now live, so make sure you grab it before tip-off.

Pickmas also offers the opportunity to win $1 million. From 12/19 through Christmas Day, users can compete to get the highest multiplier by placing lineups.

Even if you fall short of the $1 million grand prize, you’ll still get a free lineup or payout boost every day you submit a lineup!

1000x Payouts

The only other place we’ve even seen a 1000x multiplier on DFS apps is Dabble, so take advantage of this potential payout on PrizePicks while you can.

5 and 6 Pick Power Plays

If you felt restricted by the previous cap on PrizePicks’ Power Plays, you’re in luck. Your lineups can now contain up to 6 players thanks to this special promo.

PrizePicks Fantasy Scoring

One of the most unique and exciting factors about PrizePicks is the ability to pick fantasy point totals. Breaking down a player into every category can be difficult. For example, you might want to pick that Tom Brady will shred the Jets, but how is he going to do it? Is he going to rack up a bunch of passing yards or is he going to throw for five touchdowns? Fantasy point contests eliminate that debate.

PrizePicks’ fantasy scoring settings most closely resemble DraftKings. It’s a full PPR site, meaning that players receive one full fantasy point for each reception. That differs from FanDuel, which offers only 0.5 points per reception.

You can find the full offensive NFL scoring settings in the following chart:

For basketball, PrizePicks’ scoring settings are closer to FanDuel’s than DraftKings’. There are no bonuses for 3-pointers, double-doubles, or triple-doubles. Additionally, turnovers will cost each player a full point:

The fantasy scoring metrics for baseball are pretty straightforward, with extra-base hits racking up the most points for hitters and strikeouts racking up significant points for pitchers:

If you’re ever looking for a refresher on the fantasy scoring settings, charts for the NFL, NBA, and MLB can all be found over at the PrizePicks lobby. Just find the sport you’re looking for and click the button that says “scoring charts.”

PrizePicks Mobile App Review

PrizePicks is available on the web, in the Google Play store, and in the iPhone App Store. The app is rated well on both mobile platforms, earning an average 4.8-star review on Apple and a 4.4-star review on Google.

Users for both cite PrizePicks’ customer service as one of its most endearing features. Users describe getting quick, helpful feedback on both platforms.

Additionally, reviews cited the ability to create cross-sport picks, the Flex Play option, and the regular promo offerings as other reasons for supporting the App.

Unfortunately, Android users did report significantly more crashes than iOS users, which could explain the difference in rating between the platforms..

PrizePicks Customer Service Review

PrizePicks’ customer service is something that sets it apart from its competitors. There is a live chat feature, and the average response time is less than three minutes. The representatives are knowledgeable and friendly, and they are very welcoming to new users. There’s a reason why the reviews on both Apple and Android frequently cite customer service as one of their favorite features.

PrizePicks Banking Info

Here’s what to know about banking on the PrizePicks app:

PrizePicks Deposit Options

PrizePicks currently accepts the following deposit options:

• PayPal
• Credit cards (Visa or Discover only)
• Debit cards (Visa, Discover, American Express, Mastercard)
• Instant bank transfers

How to Withdraw Winnings on PrizePicks

To complete a withdrawal on PrizePicks, you’ll need to submit a request through the web page or the App. You can do that by clicking on your profile – which can be found in the top right corner – and selecting “request withdrawal.”

After selecting that prompt, an email will be sent to the email address associated with your PrizePicks account. It will contain a six-digit code that must be entered on the withdrawal page to proceed. This is used to ensure a user’s identity and protect against theft.

Then, simply enter the amount you wish to withdraw and where you’d like it to be sent. Withdrawals can be processed using any debit card or PayPal or bank account that you previously used to deposit.

In order to be eligible for a withdrawal, users must have completed a 1x playthrough for all deposited funds and bonuses. Any pending deposits must also be cleared and processed. The minimum withdrawal amount is $1, while a maximum of $1,000 can be withdrawn in a seven-day period.

Once the withdrawal request is processed, funds should be received within 48 hours.

Final PrizePicks Referral Code Thoughts

PrizePicks referral code is a great way for fantasy players to get their feet wet in the world of DFS.  The contests rely on a lot of the same information as DFS, and they even offer fantasy point picks.

Additionally, PrizePicks is available to a wider range of players. It’s classified as fantasy sports, so it’s legal in many states. It also allows users starting at 18 years old while sportsbooks require users to be 21.

The promotions on PrizePicks are also plentiful. The signup bonus is generous considering there is only a 1x playthrough requirement, and the “Taco Tuesday” promotion results in some of the most exploitable stats in the industry. Even if you only use PrizePicks for that, it’s worth checking out.

As for negatives, the $50 sign-up match bonus is lower than you’ll find at traditional sportsbooks like DraftKings and FanDuel. The payouts on the larger-sized entries are also a bit lacking. Going 4-for-4 on a Power Play will net you +1000, but a four-pick entry should be closer to +1200 on a traditional sportsbook. And the payout on a 4-pick entry using the Flex Play option is an abysmal +500. Seriously, that is really bad.

Low payouts for 4-pick entries aside, there is more than enough going on at PrizePicks to make signing up an easy decision.

PrizePicks Referral Code FAQ

We cover more info on the PrizePicks referral code and the app itself below:

What is the best PrizePicks referral code?

The promo code LABS will reward new users of at least 18 years of age with an instant $50 bonus when they play for at least $5. Users also have to be in a legal state.

How do I claim the PrizePicks welcome offer?

Click the links in the article to go to the PrizePicks app. Doing so should automatically populate promo code GRINDERS on the signup page, but double check so you can fill in the field yourself if needed. Then, just place a $5 lineup to claim your $50 bonus.

Is PrizePicks legit?

Yes, PrizePicks is a legit DFS platform that adheres to state regulations. Players can fund their accounts confidently and rely on the app to promptly deliver their winnings.

How do I deposit on the PrizePicks app?

You can deposit on the PrizePicks app by clicking on the drop-down menu in the upper left-hand corner. Then click the blue “deposit” button, which will bring you to the deposit screen. After that, select your amount and your preferred funding method (PayPal, credit/debit card).

What’s the minimum age to play at PrizePicks?

PrizePicks requires users to be at least 19 years old. This is the case in most states, though Arizona and Massachusetts have a higher minimum at 21.

How fast does PrizePicks payout?

PrizePicks pays out winning picks very quickly after each event is finalized. As far as withdrawals, funds are typically received in your selected withdrawal location in approximately 48 hours.

What other promos are available at PrizePicks?

Aside from the generous welcome bonus, PrizePicks offers existing user promos like Taco Tuesdays, Flex Fridays, and discounted picks.

Where is PrizePicks referral code available?

The PrizePicks referral code is available in these states: AL, AZ, IL, KS, VA, DC, DE, MA, AK, AR, CA, GA, KY, MN, MO, MS, NE, NM, NC, ND, OK, OR, RI, SC, SD, TN, TX, UT, VT, WI, WV, and WY. The app is also available in Colorado, New York, and Michigan, but only for free play. In Delaware and Missouri, PrizePicks Arena is the available contest format.

How do I contact PrizePicks customer support?

You can message the PrizePicks customer service team via in-app messaging, with responses time being as little as under three minutes. You also have the option of contacting the PrizePicks team via Twitter/X (@PrizeSupport).