DraftKings Promo Code: Bet $5, Get $150 If Your Bet Wins
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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. Use the bonus to bet on NFL Week 17, the College Football Playoff or other sporting events taking place this week.
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
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DraftKings promo codeNone
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Minimum deposit required$5
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Playthrough requirements1x
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States availableAZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY
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Deposit methodsApple Pay, bank wire transfer, cash at the casino cage, cash at retail stores, credit card, debit card, online banking, PayPal, Play+, Venmo, VIP Preferred
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.
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 No Sweat
Place an NBA SGP or SGP(x) today and get a bonus bet back if you lose
CBB SGP(x) Profit Boost
Get a profit boost to use on a College Basketball SGP(x) bet today
All Soccer Boost Pack
Get two (2) profit boosts to use on Soccer SGP or SGP(x) bets
TNF SGP Boost
Get a Same Game Parlay boost to use on Thursday Night Football
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.
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:
- Head to the DraftKings mobile app or desktop site.
- 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.
- Complete the DraftKings ID verification process. You may be asked to provide scans of your government-issued ID card.
- Agree to the terms and conditions of DraftKings Sportsbook.
- Make your first deposit of $5 or more.
- Place your first bet of $5 or more.
- Receive your $150 in bonus bets, if your first bet wins.
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.
Sportsbook | Promo code | Bonus type | Bonus details | Minimum deposit | Rating |
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DraftKings Sportsbook Promo | No code | Bet and get | Bet $5, Get $150 If Your Bet Wins | $5 | 4.6/5 |
FanDuel Sportsbook Promo | No code | Bet and get | Bet $5, get $250 in bonus bets if your bet wins | $5 | 4.7/5 |
Caesars Sportsbook Promo | CBSDYW | Profit boost | Bet $1, Double Your Winnings Your Next 10 Bets | $10 | 4.9/5 |
BetMGM Sportsbook Promo | CBSSPORTS | First bet insurance | Up to $1,500 back in bonus bets if your first bet loses | $10 | 4.6/5 |
bet365 Sportsbook Promo | CBSBET365 | Bet and get | Bet $5, get $150 in bonus bets | $10 | 4.5/5 |
BetRivers Sportsbook Promo | SPORTS | Second chance bet | Second chance bet up to $500 | $10 | 4.5/5 |
Fanatics Sportsbook Promo | No code | Bonus bets | Get a $100 No Sweat Bet match for 10 straight days | $5 | 4.2/5 |
ESPN BET Sportsbook Promo | No code | First bet insurance | Up to $1,000 in bonus bets if your first bet loses | $10 | 4.6/5 |
Borgata Sportsbook Promo | CBSSPORTS | Bet and get | Bet $20 or more and get $100 in bonus bets | $10 | 4.1/5 |
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 options | Processing speed | Min. Deposit |
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Debit | Instant | $5 |
Apple Pay | Instant | $5 |
PayPal | Instant | $5 |
Venmo | Instant | $5 |
Online banking via Trustly | Instant | $5 |
VIP ACH transfer | Instant | $5 |
Play+ | Instant | $5 |
PayNearMe | Instant | $5 |
DraftKings gift card | Instant | $10 |
Wire transfer | 1-2 business days | $100 |
Cash at the cage | Instant | $5 |
Withdrawal options
Withdrawal option | Processing speed | Min. Withdrawal |
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Debit | Less than 24 hours | $1 |
Apple Pay | Less than 24 hours | $1 |
PayPal | 1-2 banking days | $1 |
Venmo | 1-2 banking days | None |
Play+ | Up to 4 banking days | None |
Online banking via Trustly | Less than 24 hours | $1 |
VIP ACH transfer | Up to 3 banking days | $1 |
Wire transfer | 1-2 banking days | $20,000 |
Check by mail | 10-14 banking days | $15 |
Cash at the cage | Within 1 hour | None |
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:
- The National Council on Problem Gambling
- Gamblers Anonymous
- Call or text 24/7: 1-800-GAMBLER
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.
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
You do not need a promo code to be eligible for the welcome bonus from DraftKings Sportsbook.
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.
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.
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.
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.
No, promotions at DraftKings cannot be combined with one another.
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.
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.
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.