DraftKings has been an industry kingpin for over a decade. It began as a daily fantasy platform and has since released a highly popular sportsbook and casino. Users can benefit from various bonuses, including a bet $5, and receive $150 deal that doesn’t require a DraftKings promo code.

  • Tiny investment allows a bigger potential return.
  • Nice way to try out the platform.
  • No promo code required.

Full T&Cs apply. Gambling problem? Call 1-800-GAMBLER

OfferFirst-time DraftKings customers can bet five dollars and receive $150 in bonus bets.
Promo CodeNo DraftKings sportsbook promo code is required.
Minimum Deposit$5
Minimum Wager$5
Eligible Bet TypesAny market on DraftKings.
Eligible StatesAZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, WY and WV.
DraftKings Mobile AppThis offer is available on both the DraftKings mobile and desktop apps.
Offer ExpirationBonus bets are valid for seven days.

The terms and conditions of the DraftKings promo are listed below.

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    The bonus is for first-time DraftKings sportsbook members.

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    You must deposit at least $5.

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    A $5 minimum wager must be made before 11:59 p.m. (ET) on June 30, 2024.

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    The $150 bonus is paid out as six $25 bonus bets and is awarded regardless if you win or lose the qualifying $5 bet.

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    Promo funds are valid for seven days and will become void after.

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    The bonus is nonrefundable and cannot be withdrawn.

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    You must be 21 years old to receive the wager and physically located in AZ, CO, CT, IA, IL, IN, KS, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, or WV. Users KY and WY must be 18 or older.

This section explains the best two DraftKings promos for first-time users.

Bet $5, get $150

DraftKings bet 5 get 150 desktop screenshot

Users who previously haven’t had an account with DraftKings can bet at least $5 after depositing a minimum of $5 and be provided with $150 in bonus bets. The credit can be used on any market and has a 1x rollover. For example, if you win your wagers with the bonus, the funds can be immediately withdrawn.

$1,000 deposit bonus

DraftKings customers can earn a $1,000 deposit bonus by depositing at least $5,000. The promo funds are equal to 20% of the qualifying deposit ($5,000). For every $25 spent on any DraftKings product, the user will obtain $1 into their account. This is valid for DFS, sportsbook bets with odds of -300 or longer and casino games. There is a play-through of $25,000 in order to receive the entire $1,000 bonus. Players have 90 days (starting from the deposit date) to play through the funds.

DraftKings sign up desktop screenshot

The step-by-step guide below shows how to earn the bonus.

  1. Visit DraftKings.com and make an account.

  2. Fill in your personal information so DraftKings can verify you.

  3. Deposit at least $5.

  4. Make a bet of $5 or more.

  5. Regardless if the bet wins or loses, you’ll receive $150 in promo funds.

  6. You have seven days to use the $150 bonus (1x rollover).

Regular bettors at DraftKings can enjoy the following promotions, which add value to its overall product. A DraftKings promo code for existing customers is usually not required.

  • No Sweat Same-game Parlays (SGPs): An excellent perk of DraftKings is its No Sweat SGPs. These are provided during different seasons for various leagues. For example, during the NBA Playoffs, users could opt-in to a No Sweat SGP and if their parlay lost, they’d receive the amount of their stake in bonus bets. The parlay must have at least three legs and requires a minimum of -500 odds or longer per leg. Additionally, the No-Sweat SGP token must be manually applied.

  • Refer A Friend: DraftKings users can refer a friend by sending a personal referral link. The person must be new to DraftKings and can’t already have an account on any DK platform. Once they make a minimum deposit of $25, both the referrer and the invited friend will receive 100% profit boost tokens. Deposits between $25-$49 provide two profit boosts. Between $50-$99 deposited rewards five profit boosts. A deposit of $100 or more by the invited friend gives both parties 10 profit boosts. They are all 100% profit boosts and must be manually applied when betting. The maximum additional winnings you can earn from each boost is $250.

  • Loyalty Program (Dynasty Rewards): DraftKings' Dynasty Rewards program allows you to earn points for wagering on the site, whether it be at the sportsbook, DFS area or casino. You can earn Crowns (their currency) and tier credits by playing. Crowns are redeemable for rewards and experiences, whereas tier credits grant access to higher tiers with additional perks such as exclusive contests and premium customer assistance.

In this section, we’ll compare the DraftKings Sportsbook promo to the ones at Borgata, FanDuel and BetMGM.

BookieDraftKings Promo CodeBorgata Promo CodeFanDuel Promo CodeBetMGM Promo Code
Amount$150$100 $200$1,500
Minimum deposit $5 $20 $5 $10
Minimum wager $5 $20 $5 $1
Eligible betsAny market on DK Sportsbook Any sportsbook market (minimum -200 odds) Any sportsbook market Any sportsbook market
RequirementsBet $5, receive $150.Bet $20, receive $100.Wager must win to receive the $200.Receive up to $1,500 back if your first bet loses.
Available StatesAZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, WY and WV. NJAZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, MD, MI, NJ, NY, NC, PA, TN, VA, VT, WV, WY NC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH and KY  
Mobile appYesYesYesYes
Expiration June 30, 2024 Dec. 31, 2024June 23, 2024Dec. 31, 2024

The DK promo is a much better deal than Borgata’s because it’s a higher amount and available in many more states than just one. It’s also guaranteed at DraftKings, regardless if you win or lose, unlike FanDuel, where you have to win to receive the bonus. BetMGM’s $1,500 paid-back bet works a little differently. If you lose your first bet of up to $1,500, you’ll receive it back in bonus bets. The BetMGM promo is definitely the best of the four if you enjoy betting higher amounts.

DraftKings offers many different sporting markets, including professional, college and niche leagues.

  1. Football (NFL and college)

  2. Basketball (NBA, WNBA, college and Olympics)

  3. Baseball (MLB and other leagues)

  4. Hockey (NHL and more)

  5. Soccer (International and club)

  6. Tennis (ATP and WTA)

  7. Mixed Martial Arts (UFC)

  8. Boxing

  9. Golf (PGA Tour)

  10. Cornhole

  11. Cricket

  12. Darts

  13. Surfing

New users at the DraftKings Online Casino can wager $5 on any game except craps and receive a $50 bonus. Customers must use real money or DK Dollars. You also have to be physically located in CT, MI, NJ, PA, or WV. There is a 1x rollover for the promo. Users must opt-in and there isn’t a promo code for DraftKings casino that is required.

DraftKings daily fantasy offer desktop screenshot

DraftKings is offering new members on its DFS platform a 20% deposit match of up to $500 in DK Dollars. When signing up, enter the promo code “SAVE.” There is a minimum deposit of $5 and a 25x playthrough requirement.

DraftKings pick 6 offer desktop screenshot

Customers who haven’t played Pick6 at DraftKings can receive $50 in Pick6 credits who wager $5 or more in their first Pick6 contest.

Pick6 requires users to pick multiple players to go over or under their total. A pick6 entry must contain between two and six picks. In order to receive the bonus the entry must be $5 or more. Customers can’t make five different entries at a dollar each.

The bonus is awarded after the conclusion of the entry or within 72 hours. The $50 credit must be used within 180 days. There is an optional promo code: “PICKNOW”. Users can enter it or just meet the $5 threshold and receive the bonus funds. It is one of the best DraftKings promo codes currently available.

Using a DraftKings promo code can present a quick opportunity to boost your bankroll or try out the platform. The small investment of $5 and much larger return of $150 in bonus bets is an excellent deal. A one-time play-through also allows for a quick withdrawal should your wager triumph. Remember to bet responsibly and never wager more than you can afford.

Yes, DraftKings is legal in 23 states. Different states have different regulations for DFS, the sportsbook and the casino. Be sure to check before signing up.

There usually isn’t a promo code for DraftKings when opting into bonuses. Although, in a rare case where it is required, you’d enter the promo code for DraftKings Sportsbook when depositing.

Yes, DraftKings provides free play for new users and other frequent bonuses for its existing players.

New users can earn $50 in bonus bets on DraftKings’ casino if they make a first bet of at least $5. At the moment, DraftKings isn’t offering casino promo codes for existing users.

Go to DraftKings’ website or search on Google for a promo code. Make sure you use a reputable site. You can try the following keywords: “DraftKings promo code new user,” “DraftKings promo code no deposit,” “Promo code DraftKings,” and “DraftKings sign up promo code.”

When referring a friend to DraftKings, the user must deposit via your referral link.

Currently there aren’t any DraftKings new user promo codes without having to deposit.

WRITTEN BY Lawrence Smelser View all posts by Lawrence Smelser

Whether it's dissecting the latest player stats or offering insightful commentary on emerging betting markets, Lawrence delivers sharp analysis with a dash of wit. His expertise and coverage extends across many sports leagues, such as the NFL, NBA, PGA Tour and international soccer, ensuring readers receive well-rounded insights from a global perspective.

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