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DraftKings Sportsbook Promo Codes


Sadonna Price

Updated: Jun 6, 2024

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One of DraftKings’ best features is the sportsbook’s bonuses and offers, particularly its welcome bonus. New customers can look forward to a deposit match bonus once they sign up on the site.

Though DraftKings will only match 20% of your deposit, most sites that offer dollar-for-dollar matches usually have a lower limit, so DraftKings still has the edge on such sites.

Additionally, DraftKings Sportsbook has a lower minimum deposit requirement.

To know more about DraftKings’ welcome offer and how to take advantage of all their available offers, read on.

DraftKings Sportsbook Promo Code

Once you find yourself on DraftKings’ registration page sign in to unlock their welcome offer.

New customers who use the above DraftKings promo code will get the following welcome offer: Bet $5 Get $150 Instantly

Wondering how this works? Simply make a deposit of at least $5 after signing up, place a wager of $5 or more, and DraftKings will instantly award new customers with $150 in bonus bets.

The $5+ wager will activate the bonus bets for first time customers, and new users must place their qualifying wager in the promotional period.

The $150 in bonus bets will be paid out to new customers regardless of the outcome of their initial $5+ wager.

The bonus will be issued in the form of six $25 bonus bets, which new users can use on any sport they wish.

Bonus bets are valid for seven days, so once the initial bet is placed at any point in the promotional period, bettors must wager their bonus bets rather quickly or the bonus will be void.

Bonus bet amounts will not be included in any returns or payouts on winning wagers, only cash winnings. For example, if a $10 bonus bet is placed on a +100 value bet and wins, only the profit of $10 will be credited to the customer.

Also, bonuses are non-transferable, non-refundable, and not redeemable for cash.

If you really want to take advantage of all current and future bonuses, you should familiarize yourself with the following terms:

  • Total Bonus Available: This refers to the max that a sportsbook will give you in bonus funds.
  • No Deposit Bonus: A bonus given to new bettors that is provided without needing a deposit.
  • Free Bet Offer: The sportsbook will give you a bonus bet of a specific amount that you can use to place a wager.
  • Bonus Code: The code that needs to be put in a betting site so that a bonus can be unlocked.

Do DraftKings Sportsbook’s Promo Codes Expire?

Every welcome offer has an expiration date, so bettors need to be cunning if they want to maximize the bonus funds given to them.

DraftKings will give you a seven-day window to utilize your bonus funds. After that, any unused bonus funds will expire.

DraftKings measures there seven-day promotional period at 168 total hours, so new customers have a very specific time frame of when to utilize their bonus bets for the “Bet $5, Get $150” promo.

DraftKings No Deposit Promo Code

No deposit bonuses allow you to sign up on a sportsbook and play using the bookies’ funds since no deposit is required from you.

This evident advantage makes no deposit bonuses extremely hard to find.

Currently, DraftKings doesn’t have this offer.

DraftKings Deposit Match Bonus

Users looking for a deposit match bonus will be pleased to hear that DraftKings’ welcome bonus is a deposit match bonus.

Since the sportsbook will match 20% of your first deposit, you need to calculate how much bonus funds you want before making a deposit.

For example, if you want $500 in bonus funds, which is the maximum bonus allowed by DraftKings, you should make sure that your first deposit is $2,500.

DraftKings Bonus Bets

Bonus bets, which are basically just bonuses that allow bettors to place wagers of specified amounts using the bookies’ money, are also available on DraftKings.

When you refer your friend, DraftKings will give both of you a bonus bet that can be worth up to $100.

There’s also an MLB “Live Bet Get Offer” where the sportsbook gives bonus bets to users who place live wagers.

How To Redeem DraftKings Sportsbook Promo Code

Since you already have a promo code, you might have a few questions regarding the redemption process.

Fortunately, DraftKings has made it easy for users to receive their matched deposit bonus.

To ensure that you receive your bonus funds from DraftKings using the promo code, simply follow these steps:

  • Download DraftKings’ app.
  • Create a new DraftKings sportsbook account. You’ll need to enter all of your personal information, including your social security number.
  • Type in our promo code, BESTODDS, in the space titled ‘Promo Code’.
  • After registering, you need to fund your account with at least $5 with any of these payment methods.
  • DraftKings will then match your first deposit by crediting you with 20% of your deposit.

Check Bonus Funds On DraftKings Sportsbook App

If you want to see whether your bonus has been credited (make sure all KYC reqs have been met), you can easily check this on the sportsbook’s app at any time.

Just head to the ‘Active Bonuses’ page to see whether a bonus has been credited.

DraftKings also has a neat feature that allows you to track the progress of your bonus.

Since you need to meet rollover requirements, this tracker will show you the progress that you’ve made with your bonus funds.

How Long Do Bonus Funds Take To Arrive?

DraftKings always aims to make sure that your bonus funds are credited instantly.

At most, you may have to wait around for one hour, which is still a great time when compared to many other sportsbooks that take an average of one or two days to credit a bonus.

Once you get the bonus funds and start to play through them, they should be released to your main account balance one hour after an event has been completed.

In case it’s been a while and you still haven’t received your bonus funds, just contact DraftKings’ customer support team and they’ll guide you appropriately.

Overall, DraftKings’ time frame is exceptional.

Playthrough & Wagering Requirements

DraftKings has a pretty hefty rollover requirement.

Once you receive the bonus, the sportsbook will lump together your deposit and bonus to form your bonus balance.

From there, you’ll be required to meet the sportsbook’s 25x rollover requirement if you wish to turn this bonus balance into cash.

Basically, this means that for every $25 that you wager on the site, you’ll receive $1 in withdrawable funds.

If your bonus balance is $1,000, you need to wager $25,000 to be able to withdraw the full bonus amount.

Admittedly, this rollover is quite steep. But high rollovers are extremely common in online sports betting. Plus, DraftKings gives you 90 days to meet their wagering requirements, which is an extremely generous time period.

Sports Specific Bonuses & Promotions

DraftKings always has sports-specific bonuses and promotions.

These tend to be seasonal and can focus on events like finals, playoffs, championship deciders, etc.

We’ve listed a number of sports-specific bonuses & promotions offered on the site:

NBA Promos

  • Bet $1, Win $100 on NBA Playoffs
  • +4000 Odds on any NBA Playoff Game
  • New Users: Bet $1 to win $150 on either team in the finals
  • NBA Parlay Boost

NFL Promos

  • Various NFL regular season promotions
  • Get twice your stake if a touchdown is scored in the Super Bowl
  • Bet $1, Win $100 on any NFL Team
  • Get 100-1 Odds on any NFL Team

NHL Promos

  • NHL Odds Boost

Other DraftKings Sport Promos

  • MLB Profit Boost
  • Bet $1, Win $100 on select UFC fights
  • Bet live on the MLB and get bonus bets
  • Win $50 on a $1 bet when a golfer scores a birdie in a major
  • Olympics Odds Boost

Promos Outside The Regular Sign Ups

DraftKings has many other promos in store for their customers. Some of the available ones are discussed below:

DraftKings Sportsbook Referral Bonus

Weekly Challenge

  • Weekly fantasy sports challenges.
  • Daily free to play pools.

Promos Worth Considering

  • DraftKings loyalty program.

State Specific Bonuses

DraftKings often has state-specific promos when they are launching in a new states.

Other than that, most of the available promos are standard across all of the states that DraftKings operates in.


About the author

For almost two decades, Sadonna has remained at the forefront of the gambling industry in the US and abroad, covering the latest news and legal update...

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