DraftKings Promo Code: Bet $5, Get $150 If Your Bet Wins

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Bet $5, Get $150
If Your Bet Wins
NO Code Required Claim bonus

21+ only (18+ DC/KY/NH/WY). 21+ and present in DC, IA, KS, KY, LA, MD, MI, NJ, NY, TN, VA, or VT. (18+ DC/KY/NH/WY). Void in ONT/OR/NH and where prohibited. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $150 issued as non-withdrawable Bonus Bets if your bet wins. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/bball. Ends 1/5/25 at 11:59 PM ET. Sponsored by DraftKings. Please Gamble Responsibly. Call 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD). Data & text rates may apply. GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).

DraftKings Sportsbook promos & bonuses

A DraftKings promo code is not required to claim the new DraftKings welcome bonus in order to bet on any game this week, from NFL Week 12, to this week’s college basketball and NBA action.

DraftKings offers all new customers to bet $5, and get $150 in bonus bets if your bet wins when they sign up. Check out the chart below for more information. No DraftKings promo code is required to claim this offer.

Bet $5, Get $150 If Your Bet Wins

  • DraftKings promo code
    None
  • Minimum deposit required
    $5
  • Playthrough requirements
    1x
  • States available
    AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY
  • Deposit methods
    Apple Pay, bank wire transfer, cash at the casino cage, cash at retail stores, credit card, debit card, online banking, PayPal, Play+, Venmo, VIP Preferred
Bet $5, Get $150
If Your Bet Wins
No code required
Claim bonus 21+ only (18+ DC/KY/NH/WY). 21+ and present in DC, IA, KS, KY, LA, MD, MI, NJ, NY, TN, VA, or VT. (18+ DC/KY/NH/WY). Void in ONT/OR/NH and where prohibited. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $150 issued as non-withdrawable Bonus Bets if your bet wins. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/bball. Ends 1/5/25 at 11:59 PM ET. Sponsored by DraftKings. Please Gamble Responsibly. Call 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD). Data & text rates may apply. GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).
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Explaining the current DraftKings welcome bonus

The DraftKings welcome bonus operates under the straightforward “Bet & Get” format. After signing up and depositing at least $5, you can place your first wager of at least $5, and you’ll instantly unlock $150 in bonus bets.

Terms & conditions of the DraftKings promo

The DraftKings welcome promo comes with a few terms and conditions that are important to understand. First, you must be a brand-new DraftKings customer who has never signed up for the platform. 

For example, if you have previously signed up in Michigan, you wouldn’t be eligible to sign up for a new account and claim the welcome bonus in Pennsylvania. You must be 21 or older to sign up and claim the DraftKings promo. 

To qualify for this welcome bonus, your first deposit with DraftKings and your initial, qualifying wager must be $5 or more. Your qualifying wager can be on any betting market. 

Another important note for this welcome promo is that your $150 in bonus bets will be credited in the form of six $25 bonus bet tokens. All of your bonus bet tokens expire seven days after reaching your account. 

Lastly, your bonus bets are not included in any returns or winnings, nor are they redeemable for cash, transferable, or refundable.

Bet $5, Get $150
If Your Bet Wins
NO Code Required Claim bonus

21+ only (18+ DC/KY/NH/WY). 21+ and present in DC, IA, KS, KY, LA, MD, MI, NJ, NY, TN, VA, or VT. (18+ DC/KY/NH/WY). Void in ONT/OR/NH and where prohibited. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $150 issued as non-withdrawable Bonus Bets if your bet wins. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/bball. Ends 1/5/25 at 11:59 PM ET. Sponsored by DraftKings. Please Gamble Responsibly. Call 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD). Data & text rates may apply. GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).

Promos available at DraftKings today

DraftKings takes good care of its loyal customers. Much of this care comes in the form of promotional offerings, all of which can be found under the ‘Promos’ tab. 

Below, you will find today’s promotions that can be claimed at DraftKings Sportsbook:

NBA Cup Double Up Profit Boost Pack

Get TWO Profit Boosts for the NBA Cup games happening this Tuesday!

CFB Profit Boost

Score a Profit Boost to use on College Football games from 11/19 – 11/20!

CBB Stepped Up

Build your College Basketball Parlay, SGP, or SGPx and receive up to a 105% Profit Boost!

Clash on the Court Boost

Enjoy a Profit Boost for the Purdue vs. Marquette game!

OKC vs. SA Profit Boost

Grab a Profit Boost for the Thunder vs. Spurs game tonight!

NHL All-Parlay Profit Boost

Get a Profit Boost for your NHL Parlay or SGP bet this evening!

CFB Parlay Boost

Receive a Profit Boost for your 4+ leg College Football Parlay, SGP, or SGPx bet today!

TNF SGP Boost

Boost your Thursday Night Football Same Game Parlay with a Profit Boost!

Early Black Friday Sale!

Enjoy up to 70% off all sale items on shopdraftkings.com right now!

New Tipoff Collection

Show off the latest NBA gear and rep your team, exclusively at shopdraftkings.com!

Jackpot Pools are Here!

Join the Jackpot Pools and watch the prize grow daily until someone wins!

New Customers: Deposit Bonus up to $1,000

New users can claim a 20% Deposit Bonus, up to $1,000!

Other promos & rewards programs at DraftKings

After claiming the DraftKings welcome bonus and event-specific promos, you can progress toward receiving some daily offers. Let’s look at some to take advantage of today.

Dynasty Rewards program

The DraftKings loyalty program is called Dynasty Rewards. For every bet you place, you earn points towards the program that can be relayed into prizes. The program works in a tier system where you start at Bronze and can work up to Onyx. You earn Crowns and Tier Credits that can help your prizes and “DK Dollars” accumulate even faster during your wagering experience.

Profit boosts

You can expect profit boosts at DraftKings for many marquee matchups. Profit boosts function precisely as they sound—they boost your profit. These profit boosts typically range from 25% to 100%. For example, if your bet normally grants you a profit of $100 and you have a 50% profit boost, you’d earn $150 with a win instead.

Early wins

DraftKings offers a unique promo called an “Early Win.” When you place a moneyline wager on select sports, your bet can be graded as a winner prematurely if the team you bet on jumps out to an early lead. For example, DraftKings offered this promo for MLB moneylines, and bets were marked as winners if the team you bet on had a two-run lead at any point in the game. DraftKings is a great MLB betting site as you can frequently get promos like this.

Bet/parlay/SGP insurance

As online sportsbooks typically have, DraftKings has multiple different types of bet insurance. You can get bonus bets back if your wagers don’t win on select events, including straight wagers, parlays and same game parlays.

Bet $5, Get $150
If Your Bet Wins
NO Code Required Claim bonus

21+ only (18+ DC/KY/NH/WY). 21+ and present in DC, IA, KS, KY, LA, MD, MI, NJ, NY, TN, VA, or VT. (18+ DC/KY/NH/WY). Void in ONT/OR/NH and where prohibited. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $150 issued as non-withdrawable Bonus Bets if your bet wins. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/bball. Ends 1/5/25 at 11:59 PM ET. Sponsored by DraftKings. Please Gamble Responsibly. Call 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD). Data & text rates may apply. GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).

DraftKings Legal States

How do I register and claim the DraftKings promo?

The sign-up process at DraftKings Sportsbook is simple and usually takes just a couple of minutes to complete. You can register at DraftKings Sportsbook using the step-by-step guide below, and claim the welcome bonus:

  1. Head to the DraftKings mobile app or desktop site.
  2. Register for a new account at DraftKings, create a username and password, supply the last four digits of your SSN and permit the site to check your location.
  3. Complete the DraftKings ID verification process. You may be asked to provide scans of your government-issued ID card.
  4. Agree to the terms and conditions of DraftKings Sportsbook.
  5. Make your first deposit of $5 or more.
  6. Place your first bet of $5 or more.
  7. Receive your $150 in bonus bets, if your first bet wins.
Bet $5, Get $150
If Your Bet Wins
NO Code Required Claim bonus

21+ only (18+ DC/KY/NH/WY). 21+ and present in DC, IA, KS, KY, LA, MD, MI, NJ, NY, TN, VA, or VT. (18+ DC/KY/NH/WY). Void in ONT/OR/NH and where prohibited. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $150 issued as non-withdrawable Bonus Bets if your bet wins. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/bball. Ends 1/5/25 at 11:59 PM ET. Sponsored by DraftKings. Please Gamble Responsibly. Call 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD). Data & text rates may apply. GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).

Comparing the DraftKings bonus to other sportsbooks

The DraftKings welcome bonus carries one of the highest bonus bet values in the sports betting industry. As a “No Sweat Bet”, you can try betting on something with a big return without having to break your bankroll.

Check out how the DraftKings welcome offer compares to the sports betting promos seen at other sites in the industry, including FanDuel, Fanatics Sportsbook and BetMGM.

SportsbookPromo codeBonus typeBonus detailsMinimum depositRating
DraftKings Sportsbook PromoNo codeBet and getBet $5, Get $150 If Your Bet Wins$54.6/5
FanDuel Sportsbook PromoNo codeBet and getBet $5, get $150 in bonus bets if your bet wins + 3 months of NBA League Pass$54.7/5
Caesars Sportsbook PromoCBSDYWProfit boostBet $1, Double Your Winnings Your Next 10 Bets$104.9/5
BetMGM Sportsbook PromoCBSSPORTSFirst bet insuranceUp to $1,500 back in bonus bets if your first bet loses$104.6/5
bet365 Sportsbook PromoCBSBET365Bet and getBet $5, get $150 in bonus bets $104.5/5
BetRivers Sportsbook PromoSPORTSSecond chance betSecond chance bet up to $500$104.5/5
Fanatics Sportsbook PromoNo codeBonus betsGet a $100 No Sweat Bet match for 10 straight days$54.2/5
ESPN BET Sportsbook  PromoNo codeFirst bet insuranceUp to $1,000 in bonus bets if your first bet loses$104.6/5
Borgata Sportsbook  PromoCBSSPORTSBet and getBet $20 or more and get $100 in bonus bets$104.1/5

Get to know DraftKings Sportsbook

DraftKings Sportsbook owns one of the largest market shares of any brand in the industry; and it’s easy to see why, as it’s truly a top-tier sports betting site.

You already know all about the user-friendly promotions that are available at DraftKings, but that’s far from where the story ends. DraftKings offers live streaming and betting, along with early cash out.

It’s worth noting that DraftKings boasts one of the highest-rated mobile apps of any online sportsbook. The app runs incredibly smooth, which makes placing sports bets in the palm of your hand simple and without stress. 

Payment methods

Another area where DraftKings Sportsbook excels is banking. Users of DraftKings will be able to make deposits and withdrawals with a variety of methods. See below:

Deposit options

Deposit optionsProcessing speedMin. Deposit
DebitInstant$5
Apple PayInstant$5
PayPalInstant$5
VenmoInstant$5
Online banking via TrustlyInstant$5
VIP ACH transferInstant$5
Play+Instant$5
PayNearMeInstant$5
DraftKings gift cardInstant$10
Wire transfer1-2 business days$100
Cash at the cageInstant$5

Withdrawal options

Withdrawal optionProcessing speedMin. Withdrawal
DebitLess than 24 hours$1
Apple PayLess than 24 hours$1
PayPal1-2 banking days$1
Venmo1-2 banking daysNone
Play+Up to 4 banking daysNone
Online banking via TrustlyLess than 24 hours$1
VIP ACH transferUp to 3 banking days$1
Wire transfer1-2 banking days$20,000
Check by mail10-14 banking days$15
Cash at the cageWithin 1 hourNone

Responsible gambling

DraftKings has a page that’s entirely dedicated to promoting responsible gambling.You can put all kinds of limits in place for yourself, including: Deposit limits, time limits, wagering limits and contest limits. 

You can also give yourself cool-off periods and even put yourself on a self-exclusion list. 

There are additional resources available too, such as:

Reviewing the DraftKings promo & other offers

Overall, DraftKings Sportsbook does an outstanding job of creating an enjoyable sports betting experience. One of the primary ways DraftKings accomplishes this is by offering valuable promos to new and existing customers.

DraftKings Sportsbook starts your journey with a lucrative welcome bonus that grants new sign-ups $200 in bonus bets with a bet of $5.

The promos don’t stop there, as the site keeps you engaged with bonuses for specific events and sports, plus some daily offers.

DraftKings routinely offers promos for significant events, including the NFL Playoffs, the World Series and golf majors. These include bet insurance, futures bet-and-gets and profit boosts. Offers can also be found daily for games across all sports.

DraftKings also has a unique promo that could make your moneyline bets more enticing. The “Early Win” promo for some sporting events allows you to claim wins before they happen if your team jumps out to an early lead.

The Dynasty Rewards program, which you are automatically enrolled in when you sign up at DraftKings, can also deliver some value back. Work your way through the tier system and enjoy excellent rewards. 

Look out for even more promos at DraftKings, as the site constantly develops new ways to engage its user base. Sign up today at DraftKings Sportsbook to start reaping the benefits of being a customer with bonuses and the Dynasty Rewards program.

Bet $5, Get $150
If Your Bet Wins
NO Code Required Claim bonus

21+ only (18+ DC/KY/NH/WY). 21+ and present in DC, IA, KS, KY, LA, MD, MI, NJ, NY, TN, VA, or VT. (18+ DC/KY/NH/WY). Void in ONT/OR/NH and where prohibited. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $150 issued as non-withdrawable Bonus Bets if your bet wins. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/bball. Ends 1/5/25 at 11:59 PM ET. Sponsored by DraftKings. Please Gamble Responsibly. Call 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD). Data & text rates may apply. GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).

FAQ

What is the promo code for new users on DraftKings Sportsbook?

You do not need a promo code to be eligible for the welcome bonus from DraftKings Sportsbook.

How does DraftKings welcome bonus work?

The DraftKings welcome bonus works under the “Bet and Get” format. Just sign up, deposit $5 or more, and place your first wager of at least $5 to get $150 in bonus bets if your bet wins.

Can I convert DraftKings bonus credit into cash?

No. The bonus bet amount is not included in any returns or winnings. Moreover, all bonus bets are not redeemable for cash, non-transferable and non-refundable.

Are there bonus offers for same game parlays on DraftKings?

There are bonus offers relating to same game parlays all the time at DraftKings Sportsbook. To see if any are available, simply navigate to the ‘Promos’ page.

How do I receive promotions on DraftKings?

Again, the best way to receive promotions from DraftKings is to select the ‘Promos’ tab. You must opt-in to a DraftKings promo in order to receive it.

Can I combine multiple DraftKings promotions?

No, promotions at DraftKings cannot be combined with one another.

Are there any referral bonuses available on DraftKings?

Yes, DraftKings offers a referral bonus. You will receive one (1) $50 bonus bet and $50 in DraftKings Casino credits after your friend signs up and deposits $50 or more.

Does DraftKings offer loyalty or VIP programs with additional bonuses?

DraftKings offers a loyalty program in the form of Dynasty Rewards. You can climb through the various tiers to unlock more and more benefits, offers and exclusive rewards.

Are there current promotions for daily fantasy sports or online casinos on DraftKings?

Yes, DraftKings is currently offering promotions for both the DraftKings Daily Fantasy and DraftKings Casino platforms. Each platform has a ‘Promotions’ page. Check there for the daily offerings.