DraftKings Promo Code: Bet $5, Get $150 in Bonus Bets

DraftKings Promo Code

Here is what you need to know about the latest DraftKings promo code and bonuses.

Top DraftKings Promo Codes and Offers

DraftKings Promo CodeDetails
🎉 New-User PromoBet $5, Get $150 in Bonus Bets
☑️ Promo Code RequirementNone Required
🎁 Bonus Bet with First Deposit$50 with any deposit
🏆 First Bet BonusBet $5, Get $150
💰 Deposit Bonus20% up to $1,000
🇺🇸 States OfferedArizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, Virginia, West Virginia, and Wyoming.

DraftKings Promo Code

The top sports betting sites are constantly running promotions. DraftKings Sportsbook has run plenty of promotions for new and existing users in legal sports betting states throughout the years.

These have included bonus bets, odds boosts, and deposit bonuses that match up to a certain percentage. Look at the latest DraftKings promo code and take advantage of it today. After registration, you can place a $5+ bet to get $150 in bonus bets.

DraftKings Promo Code in North Carolina

DraftKings North Carolina launched on March 11, 2024. When you sign up for DraftKings NC today, you will receive a “bet $5, get $250 in bonus bets” promo. No DraftKings North Carolina promo code is required.

How to Use a DraftKings Promo Code

DraftKings promo code
DraftKings Sportsbook App

If you’re new to using this DraftKings promo code, don’t worry, it’s easy. First, visit the DraftKings website or download the DraftKings Sportsbook mobile app on your device.

  • Sign up using our exclusive DraftKings promo code. Provide your personal information and enter the promo code during the sign-up process to enable your account.

You don’t always need a Draftkings promo code to be entered. Some offers are claimed immediately by signing up. If you have questions, check with the terms and conditions or DraftKings customer support.

  • 2. Make your first deposit and place your first wager to receive your bonus.

Keep in mind that some promo codes may have specific terms and conditions, such as a minimum deposit or certain odds for the first bet.

  • Check the terms and conditions before using the promo code to make sure you’re eligible for the bonus.

And remember, DraftKings Sportsbook regularly updates its promotions, so check back often to take full advantage of the DraftKings promo codes and make the most of your sports betting experience.

  • Bet on your favorite sports and use the DraftKings promo code to get extra bonus money for your bets — bet $5 and get $150 in bonus bets instantly!

The sports betting platform is legal in several states nationwide in the form of DraftKings mobile, online, and retail locations. Geolocation in the DraftKings mobile app and website will confirm you are within the legal borders of a sports betting state.

The DraftKings promo code is legal in the following states:

On December 12th, DraftKings became a legal sports betting platform in the state of Vermont. DraftKings is slated to launch in Vermont in January 2024! Stay tuned for more information and updates on the launch.

More states are expected to pass sports betting legislation, and the list continues to grow. Due to its reputation and popularity, DraftKings is usually one of the sportsbooks that gets approval quickly in each new state. Each state has bonus bets and offers for new and existing users. Keep in mind that you must be in one of these legal states to get the DraftKings bonus bets.

Types of Sportsbook Promotions

Sportsbooks use plenty of promotions and bonuses to attract new users to sports betting. Here are some terms you might see and want to be familiar with before you try to fill up your bet slip.

Bonus Bets and Bet Credits

A bonus bet is a standard sports betting offer given to new users after registering. You will have your account credited with bets that you can place on various sports.

Bonus bets are an excellent offer because, most of the time, they don’t require a user to make a deposit. You sign up and get your account funded because you are a new user. Sportsbooks want users to get familiar with the platform and confidently place wagers. 

Sometimes, a qualifying bet will be attached, or you must wager on specific games.

For some DraftKings offers, you must bet $5 to receive $150 in bonus bets. DraftKings also has offers that don’t include a qualifying bet. In some states, you receive bonus bets as long as you complete the DraftKings sign-up process before the go-live date. Bonus bets are an excellent way to get users involved with online sports betting.

Second Chance Bets

You might have heard of No Sweat First Bet, Second Chance Bet, First Bet Insurance, and more. Basically, they all have the same idea. Your initial wager is covered up to a maximum limit if you lose.

For example, you place a $400 bet on the Chicago Bears to beat the 49ers. They lose. For a second chance bet offer, a sportsbook would credit you with $400 to cover the loss.

Odds Boosts

The odds boost is extremely common at sportsbooks across the industry. It can be for daily games, props, or major events. For example, for Super Bowl 56, DraftKings Sportsbook had an odds boost of 56 to 1 for moneyline bets on either the Rams or Bengals.

Deposit Bonus

A deposit match bonus is when a sportsbook will give you bonus funds based on how much you deposit. Most sportsbooks will do this as a percentage. DraftKings has a 20% deposit bonus of up to $1,000. You would have to deposit $5,000 to claim the full $1,000 offers.

Tips When Applying DraftKings Sportsbook Promotions

You have claimed the DraftKings promo code and have access to the DraftKings Sportsbook via the mobile app or website. Now, what do you do exactly? Here are a few sports betting tips on how to use your DraftKings promo code, bonus funds, and more.

Read the Terms and Conditions

Check the terms and conditions to make sure you understand how to use the promo code, bonus, or offer. It’s a smart idea to read the fine print on the current DraftKings offers. Some promo codes require a qualifying bet or a deposit. Check with customer support if you have any questions.

Correctly Claim the Code

When checking out the DraftKings promo code or offer, take note of what you need to do to claim it. Sometimes, a promo code is required to be entered before you register.

Other times, no promo code is necessary, and you will get the offer immediately after signing up.

As we mentioned before, some promotions might require you to make a deposit or place a bet. For example, if the offer says to place a $10 bet to get $200 in bonus bets, you will need to make a $10 deposit and bet before getting the bonus.

Research Your Bets

A common beginner mistake when sports betting is immediately burning through all their bonus funds or bet credits.

Don’t let this be the case when you bet at DraftKings. Take the time to research and have a strategy. Just because you have bonus bets doesn’t mean you have to use them immediately without thinking first.

Search the sportsbook and take time to get familiar before making any decisions. This is the best strategy when planning to use your bet credits.

Benefits of Using a DraftKings Promo Code

What’s the point of getting bonuses and promotions on the DraftKings platform? There are many benefits to getting these bonuses. First, some bonuses give you bet credits, and you don’t have to use any of your own money. You can sign up for an account and get bonus bets to use without making a deposit.

DraftKings is one of many sportsbooks that have used bonus bets or credits. They’ve run DraftKings promotions for state launches that give out bonus bets that were claimed without having to make a DraftKings deposit.

For an offer like a deposit match, this can allow a DraftKings new user to deposit a little more money knowing they will get bonus funds. It’s worth adding a little extra if the sportsbook will match it. These are just a few of the reasons new DraftKings customers should enter a promo code or claim an offer when starting. It’s a nice way to gain some confidence and place bets on the long list of sports on DraftKings. As a reminder, the DraftKings promo code is Bet $5, Get $200 in bonus bets instantly.

Best DraftKings Sportsbook Alternatives

DraftKings Sportsbook makes a case for being one of the top sportsbooks in the US. Now, there are several others that are in the running. Here are some of the top competitors you will find that also have a bonus for new users.

FanDuel

FanDuel has a strong platform with some of the best live sports betting in the industry. Also, FanDuel brought the same-game parlay to life. Bettors can combine multiple picks from the same game into one bet.

Promo codes can be used at FanDuel. Over the year, the sportsbook has great offers such as a No Sweat First Bet, bet bonuses, odds boosts, and more.

Right now, their latest offer is a bet-and-get offer of betting $5 on any market to secure $200 in bonus bets.

Caesars

Caesars Sportsbook is a well-established sportsbook that has been around for many years. With its strong reputation and wide range of sports betting options, Caesars is a popular choice for sports bettors who value reliability and trustworthiness.

Caesars Sportsbook is offering all new users their ‘First Bet on Caesars’ up to $1,000! You must register as a new user and place a first-time wager of up to $1,000. If your first bet with the site loses, you’ll receive a 100% refund of your lost stake issued in the form of bonus bets!

BetMGM

BetMGM is a popular sportsbook that offers users the ability to place bets on a wide range of sports and events. With competitive odds and a user-friendly platform, BetMGM provides an enjoyable and engaging sports betting experience for both novice and experienced bettors.

BetMGM is currently offering a $1500 paid back in bonus bets if you don’t win the first bet offer.

Top Features of DraftKings Sportsbook

DraftKings Sportsbook is one of the most popular sportsbooks and has some solid features if bettors are looking to bet on their favorite teams. Here are a few of the features to check out so you can take full advantage of DraftKings.

User-Friendly Mobile App and Website

DraftKings Sportsbook makes it easy to use its app and website with great navigation. The mobile app is also clean and users have complimented how easy it can be to use.

This might not seem important, but it is a major factor for some sports bettors. The last thing you want is to have trouble finding a bet or navigating the app after you claim your DraftKings promo.

Live Betting

DraftKings Sportsbook will find the sportsbook has great live sports betting. There are plenty of odds, lines, and bets available that are changing quickly based on what is happening in the game or event.

This is one of the major advantages of mobile betting apps over a retail sportsbook. Easy access to live odds, lines, bets, and more right in your hand. Be sure to check out live sports betting after you register for a DraftKings account.

Deposits and Withdrawal Options

What about making deposits? At DraftKings, you can use major credit/debit cards from major companies such as Visa or Mastercard. Other options include PayPal, online banking, wire transfers, or a PrePaid Card+ method.

Many of the same methods are available for withdrawal. Most of the time, you will have to use the same method to withdraw as a deposit. This is something to keep in mind before depositing any money. Know how you are going to get your money out as well. Check with DraftKings Sportsbook if you have any questions before making a deposit and are set to place your first bet.

Cashout

DraftKings has one of the best features in allowing cashouts. A user can cash out a bet early to capitalize on a profit or dip out to prevent a major loss. It’s a solid feature that gives the bettors a little more control. Your bet isn’t trapped after you click submit. The odds available are determined by many factors, and cashout isn’t always an option.

Daily Fantasy Sports

DraftKings DFS has been a major part of the company for over a decade. It’s one of the reasons the company was able to shift into sports betting efficiently. DraftKings does a great job with both platforms, and each is worth checking out. Also, there might be a DraftKings DFS promo code to capitalize on.

Rewards Program

You can get rewarded for placing bets with DraftKings. Users can earn crowns for placing bets. The crowns can then be redeemed for rewards, bonus bets, and more.

A rewards program is one of the best ways to reward existing users who have been loyal to the brand. It gives them the chance to score promotions just like new users who sign up.

Customer Support

DraftKings Sportsbook has 24/7 customer support. Most of the industry is moving in this direction. Sports are on throughout the day and night. This means bettors can be constantly placing wagers based on their time zone. The sportsbook has made itself available, so it can be helpful if any issues happen while a user claims the current DraftKings promo code offer.

Top Sports to Bet on With the DraftKings Promo Code

When you decide to bet online with DraftKings Sportsbook, many sports options are available. You can find sports, teams, and leagues from around the entire world. With your new account, you can wager on major sports such as baseball, basketball, football, hockey, soccer, and more.

The sportsbook also has other sports, such as MMA, lacrosse, cycling, cricket, tennis, auto racing, and boxing. You can see the long list of sports when using the DraftKings mobile betting app.

DraftKings Sportsbook Bet Types and Markets

You’ll find plenty of popular bet types and options after signing up for your DraftKings online sportsbook account. DraftKings users have plenty of options to use their sportsbook promotions on when placing bets. Be sure to check the terms and conditions. Some offers might need to be used on certain DraftKings odds or bets.

Moneylines

A moneyline bet is a type of wager in which the bettor chooses which team they believe will win a given game or event. The bettor simply needs to pick the winner of the game, regardless of the margin of victory.

The odds for each team are expressed as either a positive or negative number, with the favorite represented by a negative number and the underdog represented by a positive number.

For example, you want to bet on an MLB game between the Chicago Cubs and Los Angeles Dodgers. A sportsbook might set the moneyline odds as follows: Cubs -140, Cubs +120.

This means that the Cubs are the favorites to win. A bettor would need to wager $140 on the Cubs to win $100. On the other side, a $100 bet on the Dodgers would pay out $120 if they won.

Point Spreads

A point spread is a bet on the point differential in a game. You are betting on whether a team wins or loses by a certain amount. It’s not just about who wins. It has been one of the most popular bets available since DraftKings launched. It is also one of the most popular bets within the entire industry.

Let’s say you want to bet on the Chicago Bulls vs Portland Trail Blazers game. The Bulls are listed as a -7.5 favorite. To cover the spread, the Bulls have to win by eight points or more.

Totals

A total bet is also referred to as an over/under bet. This bet is based on the total number of points scored in a game. You are predicting whether the final score will be over or under the line set by a sportsbook.

For example, in an NHL game between the Chicago Blackhawks and Detroit Red Wings, the sportsbook might set the total at 6.5 goals. If you bet the under, you are predicting that the total number of goals scored by both teams will be six or fewer. If you bet the under, you are predicting that the total number of goals scored will be five or fewer.

Props

Prop bets are a popular type of wager based on an individual player or team performance rather than the outcome of a game or event. These bets can add an extra layer of excitement to watching a game and can provide opportunities to win for bigger payouts.

For example, in an NFL game between the Bengals and Lions, a prop bet might be offered on whether Jared Goff will throw over or under 2.5 touchdown passes. If you bet the over, you would need Goff to throw three or more touchdown passes in the game.

Parlays

A parlay bet is a type of wager that involves combining multiple individual bets into one entire wager. In a parlay bet, all of the individual bets included in the parlay must be right in order for the bettor to win. If any of the individual bets are wrong, the entire parlay bet is a loss.

Parlay bets can offer the potential for large payouts on smaller wagers. For example, if a bettor believes that five NFL teams will win in a given week, they can include all five bets in a single parlay bet.

If any of the teams lose, the entire bet loses.

Futures

A future bet is a type of wager that involves the outcome of an event that will take place at a later date or down the road. These bets are typically placed well in advance and sometimes even before the season starts. The odds can shift over time based on team performance, injuries, and more.

Future bets can be placed on a wide range of sporting events, from the winner of the Super Bowl to which teams will make the NCAA Final Four in college basketball. For example, a future bet on the winner of the 2023 NFL Super Bowl might be offered prior to the start of the regular season. The odds for each team change each week based on performance, injury, and more.

Daily Free to Play Pools

DraftKings offers free pools where you can win a cash prize. The DraftKings app has daily free-to-play pools that can net you a payout if your picks are correct.

Free-to-play is a fun way to best receive a cash prize with a limited skill set.

How to Sign Up With DraftKings Sportsbook

Signing up is a relatively quick process. To get registration started, download the DraftKings mobile app on your mobile device or visit their online sportsbook to create an account. If a promo code is necessary, confirm it has been entered before moving forward.

You’ll have to enter your personal information, such as name, birthday, address, and more. This will help the sportsbook confirm your identity. Also, DraftKings currently uses geolocation to confirm where you are located. You need to be within the borders of a legal sports betting state to place wagers.

Once you’ve created an account and entered the bonus code (if necessary), you can start exploring the different sports. Take a look at the different bet types available on DraftKings Sportsbook. Whether you’re into football, basketball, baseball, hockey, or any other sport, DraftKings has options.

How to Place a Bet with DraftKings Sportsbook

You’ve claimed offers, and now it’s time for you to place a bet. Visit DraftKings Sportsbook and log into your account. If you have bonus bets, you can begin looking for a wager to make. If you want to make a deposit, navigate the app to fund your account. 

After making your initial deposit, you can start betting on your favorite sports using the DraftKings sports betting app. The mobile app is user-friendly and has one of the most extensive sports betting menus available.

To place a bet, simply select the sport, game, and market you want to bet on, and enter the amount you want to wager. Once you’ve reviewed your bet, hit submit, and you’re all set.

The DraftKings Sportsbook App

The DraftKings Sportsbook App is the perfect way to bet on your favorite sports from your mobile device. With an Apple App Store rating of 4.8 and a Google Play Store rating of 4.6, it is clear that users love the platform.

Many users appreciate the simple and user-friendly interface, as well as the variety of sports and betting options available on the mobile app. Using the sportsbook promo code and making an initial deposit, you can start placing bets on the DraftKings sports betting app in no time.

Some users reviewing the app mentioned that the in-play betting feature is especially exciting, as it allows them to place bets on games as they happen. Overall, the DraftKings Sportsbook App is an excellent choice for anyone looking to bet on sports from their mobile device. Download the platform from the Google Play Store or Apple App Store to get started.

DraftKings Customer Service

It’s important for each online sportsbook to have high-quality customer service. The DraftKings customer service team offers live chat and email support, giving you a myriad of ways to get in touch if you have a question.

Email [email protected] or use the 24/7 live chat for more information about odds boosts, bonus bets, online sports betting, and more.

Is DraftKings a Legit Sportsbook?

When it comes to online sports betting, legitimacy is a top concern for many players. With DraftKings Sportsbook, you can rest assured that you are dealing with a legitimate and trustworthy sportsbook.

As one of the biggest names in the industry, DraftKings is licensed and regulated in multiple states, which means that they must meet strict standards for fairness, security, and customer service.

In addition to its reputation for safety and security, DraftKings offers a user-friendly platform and a wide range of sports betting options, including in-play betting and daily fantasy sports. If you are looking for a reliable and exciting sports betting experience, DraftKings is a top choice.

If you have any questions, reach out to DraftKings customer support.

Should I Sign Up for DraftKings Sportsbook?

DraftKings started as a DFS site and has continued to grow. It has now spilled into the sports betting industry and is one of the most popular options for sports bettors.

DraftKings Sportsbook has great features, strong promotions, and more. It’s a great option for bettors looking to get into sports betting. The DraftKings mobile app is also a great way to take your sports betting on the go. Take a look at the latest DraftKings promo code available and see if it fits your betting strategy.

Continue to research and take your time when making decisions. Compare DraftKings to other sportsbooks to see if it has what you are looking for. You can compare odds, lines, features, promotions, and more. That’s one of the best things about mobile sports betting: you have options right from home.

Start online sports betting with DraftKings Sportsbook and take advantage of the offer.

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written by

Sam hails from Grandville, Michigan. He has a rich sports background, including playing baseball at Central Michigan before covering high school sports and working with the Orlando Magic. He earned his broadcasting/journalism degree from Central Michigan University and was a member of the 2010 MAC Championship baseball team. Sam developed his expertise while working with Betsperts, Bleacher Nation, and 4for4 in various areas such as writing, social media, betting research, and business development. He's a big fan of the NBA, NFL, and MLB, highly interested in data and statistics.

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