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The DraftKings promo code provides all new customers with an exciting "Bet $5, Get $150" welcome bonus. All you need to do is click the "BET NOW" link on this page and place a $5 bet on any market to qualify. If your bet wins, you will be paid out in cash. Win or lose, DraftKings Sportsbook will also give you six $25 bonus bets, each with a very simple 1x playthrough requirement.
Our DraftKings sportsbook promo code guide breaks down this welcome offer in detail. We will explain the DraftKings promo terms and conditions, and discuss the best way to benefit from the offer. You will also learn more about the additional DraftKings sportsbook promo codes and offers for existing players, including free-to-play pools, stepped-up parlays, a referral offer and a rewards program. We will also delve into the key strengths and weaknesses of this online sportsbook, so keep reading to discover if DraftKings is right for you.
The best DraftKings promo code earns all new sports bettors a “Bet $5, Get $150” welcome bonus. Just click the link on this page to claim your DraftKings sign-up promo code today. It only takes a couple of minutes to create an account, and you can then deposit $5 and wager it on any market to earn the DraftKings sign-up bonus.
You will be rewarded with 6 x $25 bonus bets instantly. Each DraftKings bonus bet has a 1x playthrough requirement, which means you only need to place a single wager, and any winnings then convert to cash. That gives you an excellent chance of earning a cash profit from this DraftKings promo code.
The DraftKings promo code terms are very simple, flexible and appealing. You will qualify for this DraftKings welcome bonus if you bet $5 or more on any market featured at the sportsbook. A moneyline is a simple bet on which team will win a game. There are no minimum odds restrictions, so you can bet on a heavy favorite, such as the Buffalo Bills to beat the Minnesota Vikings at odds of -425.
It will instantly release six $25 bonus bets into your account. You have seven days to complete a 1x rollover requirement. That means you just need to place six $25 wagers on any sporting events you like, and all the profits you earn will be paid into your withdrawable cash balance. And if your initial bet was successful, DraftKings will pay you in cash as well.
It should only take you a couple of minutes to create an account and redeem the DraftKings sign-up promo code offer if you follow these instructions:
As one of the best sports betting apps, DraftKings app has earned an average user rating of 4.8 out of 5 after accruing more than 400,000 reviews on the App Store. Its Daily Fantasy app has a 4.9 rating on the App Store, so the company clearly understands how to impress iOS users. DraftKings Sportsbook is currently listed among the top 10 sports apps on the App Store, along with the likes of ESPN, FanDuel, the official NBA app and the Adidas app.
DraftKings Sportsbook has also secured an average user rating of 4.6 on Google Play after earning more than 43,000 reviews. These are some of the comments left by players on both stores:
“I’ve been on DK for about a month now. I've found it easy to use and a lot of fun. Payouts are fast and withdrawals are processed quickly. So far, no negative experiences.”
“I enjoy the ease of betting with the professionalism and courtesy from their employees. I have a lot of fun with the different options for parlays.”
"Easy to use, cash out as soon as you win. I love it, especially when I won with the bonus bets given by DraftKings for new players.”
“This is a fun and amazing app to use. I love everything about it from the color scheme to the layout. Keep it up team.”
There are a few complaints from users regarding login and location service issues, but they have been fixed via updates, and the app worked very smoothly when we tested it out.
The main DraftKings promo code discussed earlier in this review is for new customers only, which means it can only be redeemed once. However, there are lots of additional DraftKings Sportsbook promotions to claim on a recurring basis, along with DraftKings daily rewards via the loyalty program and its free-to-enter pools. These are the top sportsbook promo codes and offers to look out for after signing up for an account:
Players can enter a series of free-to-play sportsbook pools at DraftKings each week in a bid to earn bonus bets. If you are successful, you can earn DraftKings daily rewards via these pools. You just need to answer a series of questions about an upcoming sporting event or a series of sporting events, and entrants will then be ranked in a leaderboard based on the number of correct answers they provided.
There are normally thousands of prizes, with a $100 bonus bet going to the player that tops the leaderboard. The prizes then become progressively smaller, until the player that finishes 2,225th gets a $1 bonus bet.
You will earn a boosted profit on winning same game parlays via this DraftKings Sportsbook promo code offer. Visit the DraftKings Sportsbook promotions page for details of which leagues are covered each week.
DraftKings has recently started to offer odds boosts to all players once again. They have been available on long-term futures markets, so visit the DraftKings promotions page within the app or the website to see if any are available whenever you login.
This DraftKings bonus code will earn you site credit if you refer friends. If your friend uses your referral link and deposits between $25 and $49 after signing up, you will each get a $25 bonus bet. You both earn $50 in DraftKings bonus money if your friend deposits between $50 and $99, and that goes up to $100 in DraftKings bonus money if your friend deposits at least $100. The bet credits you earn have a 1x rollover requirement.
This DraftKings offer is sometimes provided as an alternative to the “Bet $5, Get $150” sign-up bonus. It is a 20% DraftKings deposit bonus worth up to $1,000, so you would need to deposit $5,000 to earn the entire $1,000. This DraftKings Sportsbook promo has a 25x release requirement, meaning that you would need to wager $25,000 to unlock $1,000 in DraftKings bet credits.
There is a DraftKings no deposit bonus worth $25 available if you sign up for the online casinos too. You will simply be given $25 in site credit via this DraftKings offer, without any need to make a deposit, but you do need to satisfy a rollover requirement on the funds before cashing out.
When you make your first deposit, you will receive a 100% match up to $2,000 in bonus funds, plus an additional $60 in DraftKings no deposit bonus credits on top, so it is billed as a $2,085 deal. It is not currently running any no deposit DraftKings promo codes for sports bettors, but we will inform readers if that changes in the future.
The DraftKings loyalty program is named iRush Rewards. Each time you wager $1, you receive 1 Crown, and you can then redeem 500 Crowns for $1 in site credit, giving each Crown a nominal $0.018 value. This loyalty program covers DFS contests and the online casino too, and there are DraftKings daily rewards for DFS players. There is also a VIP program for high rollers, which you can apply to join.
DraftKings has launched a variety of exciting bonuses linked to specific sports leagues over the past year. These are some of the top DraftKings promo codes we have seen:
DraftKings marked the start of the 2022 NFL season by launching a “Bet $5, Get $150” welcome bonus for new users. It was similar to the sign-up bonus described above, but players were immediately given six $25 bonus bets, and there was no need for the qualifying $5 bet to win. There are additional DraftKings promo codes offers for NFL fans too, including same game parlay boosts and pools.
DraftKings launched a “Bet $5, Get $100” welcome bonus for hockey bettors during the 2022 Stanley Cup Finals. Players could sign up and wager $5 on any game during the Stanley Cup Finals to qualify for this DraftKings offer, and they were then immediately issued four $25 bonus bets. Each bonus bet had a 1x rollover requirement, and it could be used on any sport.
There have been lots of exciting DraftKings promo code offers for hoops fans in recent years. For example, it ran a “Bet $5, Get $150” sign-up offer for new users during the 2022 NBA Finals. It earned new customers six $25 bonus bets for placing a qualifying $5 bet. There are loads of free-to-play pools throughout the season for fans with this NBA betting app too.
DraftKings has launched a variety of “bet and get” welcome bonuses for baseball fans over the past year. There was a “Bet $5, Get $150” DraftKings promo code offer during the MLB playoffs in 2022, for instance.
DraftKings launched an exciting “Bet $5, Win $280” bonus ahead of Super Bowl 56. New users could wager $5 on either the Rams or the Bengals at boosted 56/1 (+5600) odds. Anyone that went for the Rams was issued seven $40 bonus bets after the game. Each bonus bet via this DraftKings promo code offer had a 1x rollover requirement. For Super Bowl 57, bettors could get $150 in bonus bets just for making a $5 pregame wager.
There was also a “Bet $5, Win $200” welcome bonus from DraftKings during the last NCAA Division 1 Men’s Basketball Tournament. You can look out for boosts, parlay offers and free-to-enter pools from DraftKings during March Madness too.
DraftKings is available in more states than any other online sportsbook. It was the first sports betting app to launch after the Supreme Court overturned PASPA – a longstanding federal sports wagering ban – in 2018. DraftKings Sportsbook initially launched in New Jersey, but it has since expanded across the country.
You can use the DraftKings Sportsbook app and claim DraftKings promotions in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia and Wyoming. It is the exclusive online sports betting provider in New Hampshire and Oregon. DraftKings also offers online casino gaming in Connecticut, Michigan, New Jersey, Pennsylvania and West Virginia, with some exciting DraftKings promo code offers in those states, and it still offers Daily Fantasy contests nationwide.
DraftKings offers its customers a variety of banking options. It has a minimum deposit of just $5, which is lower than most of its rivals, and you can withdraw as little as $0.01, so this is an ideal sportsbook for recreational players with modest bankrolls.
All deposits at DraftKings Sportsbook are free and the funds will arrive instantly. These are the methods you can use:
Anyone interested in making a large deposit can email the customer service team to discuss the best method, which will probably be a wire transfer. You can also ask to join the VIP program for exclusive high roller rewards.
DraftKings processes withdrawal requests from 9 a.m. to 5 p.m. ET each day. Any withdrawal requests submitted after 2 p.m. ET will be processed the following day, in the order that they were received. When your request has been approved, you will receive confirmation via email. These are the withdrawal options:
You will receive your funds in one hour at the cage, but that is only available in New Jersey. After your payout request is granted, a card withdrawal takes 1 day, a wire transfer takes 1-2 days, an AC bank transfer is 1-3 days, Venmo is 2-4 days, Play+ is 2-4 days and PayPal and online banking take 3-5 days. Checks can take 3-7 business days to arrive in the mail.
There is only one option for contacting the DraftKings customer support team. You just need to fill in a form on the app or the website and then wait for someone to respond via email. This is one weak point of DraftKings, as most rivals offer 24/7 live chat support.
Jason Robins, Paul Liberman and Matt Kalish set up DraftKings as a Daily Fantasy Sports provider in Boston back in 2012. It was a famous brand with a nationwide footprint by the time the Supreme Court struck down the federal sports betting ban in 2018, so it decided to quickly get into the sports wagering business. The team launched an online sportsbook powered by Swedish turnkey provider Kambi in New Jersey, and it quickly expanded across the country.
In April 2020, DraftKings became a publicly traded company on the Nasdaq via a reverse merge with white-label provider SBTech and a special purpose acquisition (SPAC) company called Diamond Eagle Acquisition Corp. That SPAC deal left the company cash rich, and it invested heavily in becoming a market leader in online sports betting, rolling out large bonuses and major ad campaigns. DraftKings, which has migrated from Kambi technology to a proprietary platform created by SBTech, is now the second most popular sportsbook in America – after FanDuel – but it is the No. 1 sports betting brand in some states.
Sports bettors can visit the DraftKings Sportsbook website or download the DraftKings mobile app to place bets on their favorite leagues. We have highlighted the strengths of each option below.
The SBTech team created a very user-friendly website for DraftKings Sportsbook. It is different to SBTech’s standard white-label sports betting platform, which powers famous brands such as Betway, so it offers a unique user experience. It is very fast, stylish and easy-to-use, so it should work well for beginners, experienced sports bettors and anyone in between.
DraftKings offers a terrific mobile sports betting app, which is a lot faster than rival apps such as Caesars Sportsbook and BetMGM bonus code. It is geared towards speed and simplicity, so you can get your bets on with minimal effort, wherever you happen to be. Yet it also offers a huge and impressive array of markets, so you can spend a long time on the app browsing your options if you so desire.
DraftKings offers a significantly better welcome bonus than most rival operators. You only need to risk $5, and you are guaranteed earning $150 in bet credits. They only have a 1x rollover, so you can place six $25 bonus bets and then keep hold of any winnings you secure. That is more appealing than the first-bet insurance bonuses available at most rivals like Caesars Sportsbook promo code, especially for players with modest bankrolls.
We highly recommend signing up for a DraftKings Sportsbook account to benefit from the large welcome offer, the daily free-to-play pools, the boosts and the loyalty program. It is a high-quality, trustworthy online sportsbook with competitive betting odds and very early lines. Click the link on this page to redeem the DraftKings promo code offer today, and you can then start betting on your favorite sports.
