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DraftKings Promo Code: Bet $5, Get $150 If Your Bet Wins + a $50 Bonus Bet on First Deposit!

by:Christopher Ilenstine12/24/24
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Credit: Douglas DeFelice-USA TODAY Sports

DraftKings Sportsbook is offering a lucrative welcome bonus to all first-time users: Bet $5, Get $150 If Your Bet Wins + a $50 Bonus Bet on First Deposit! Simply click on this link and use the DraftKings promo code get started today!

In this review, I uncover everything you’ll need to know about the DraftKings promo code in addition to the brand’s active states, available betting markets, banking options and much more.

DraftKings Promo Code Details

By clicking on this link, you can create your new account and claim the welcome bonus.

From there, you’ll have to make a qualifying wager of $5 or more. If your wager wins, you will receive $150 in bonus bets completely on the house. And if you’re impatient, you’ll love that the $50 bonus bets hit your DraftKings account almost instantly.

King of the Court Offer – Snag Your Share of $1,000,000 in Bonus Bets!

There’s a special offer on Wednesdays for any user who purchases a pre-game, single player prop for $5+ and opts in. Doing so will grant you a King of the Court token. If that player is the best on that day for points + rebounds + assists, you’ll receive a portion of $1,000,000 in bonus bets.

DraftKings Promo Code Terms & Conditions

To qualify for the DraftKings promo code, users must be at least 21 years old (or 18 in select states) and physically present in a state where DraftKings Sportsbook operates legally. The promotion requires a minimum deposit of $5 and a qualifying bet of the same amount.

The bonus bets are credited after winning your initial wager and are divided into eight (8) $25 bonus bet credits, which must be used individually. All bonus bets at DraftKings expire seven (7) days after issuance, so be sure to act quickly to take full advantage of the offer.

Other terms and conditions to know regarding the DraftKings Sportsbook promo code include:

  • Only new DraftKings customers are eligible.

21+. Must be physically located in AZ, CO, CT, DC, IA, IL, IN, LA, KS, KY, MA, MI, MD, ME, NC, NJ, NY, OH, PA, VT, VA, WV, WY. GAMBLING PROBLEM? CALL 1-800-GAMBLER (1-800-426-2537) (AZ/CO/DC/IA/IL/IN/KS/KY/LA/MD/ME/MI/NC/NH/NJ/OH/OR/PA/TN/VA/VT/WV/WY), (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. Call 888-789-7777/visit ccpg.org (CT), or visit www.1800gambler.net (WV).

How to Claim the DraftKings Sportsbook Promo Code

While there is no DraftKings Sportsbook promo code to enter at registration, you’ll still have to follow some steps to claim the welcome bonus. The good news? It’s a simple process:

  1. Use this link to visit the DraftKings Sportsbook app or desktop website and enter the promo code.
  2. Click “Sign Up.”
  3. Enter your email address and phone number.
  4. Create a unique username and password.
  5. Click “Create Account.”
  6. Provide other requested info and complete the verification process.

Once your account is set up, you must make a minimum deposit of $5 to qualify for the promotion. This can be done through various payment methods, which we’ll discuss in the banking methods section below.

After depositing the required amount, you’ll need to place a $5+ bet on any sports market and win the bet in order to activate the offer. The cumulative $200 in bonus bets will be credited to your account regardless of the outcome of that initial wager.

There’s often confusion about where DraftKings Sportsbook is legal, as it’s not available in all states with regulated sports betting. Additionally, the brand’s other products like its casino and DFS platform have varying accessibility.

Here’s a definitive list of where the DraftKings Sportsbook is legal:

🏈 DraftKings Sportsbook Legal StateLegal Age to Bet With DraftKings
Arizona21
Colorado21
Connecticut21
D.C.18
Illinois21
Indiana21
Iowa21
Kansas21
Kentucky18
Louisiana21
Maine21
Maryland21
Massachusetts21
Michigan21
New Hampshire21
New Jersey21
New York21
North Carolina21
Ohio21
Oregon21
Pennsylvania21
Tennessee21
Vermont21
Virginia21
West Virginia21
Wyoming18

Wherever you’re located, always double check that DraftKings is legal in your state before attempting to place a wager. You’ll also want to verify that you’re of the legal betting age in that state.

Additionally, be sure to verify that any DraftKings promo codes you try to claim are valid in your state before redemption.

Existing User Promotions at DraftKings

While DraftKings specializes in attracting new users, it also offers a variety of promotions for existing customers. These promos include odds boosts, parlay insurance, and a refer-a-friend bonus, which should help you bet more confidently and share the love with others.

The Dynasty Rewards Program at DraftKings is another highlight, allowing users to earn rewards for every bet placed. It’s sort of a two-tiered system that allows you to accumulate both Tier Credits and Crowns.

Tier Credits allow you to level up through the Bronze, Silver, Gold, Diamond, and Onyx levels at which you can earn different perks and rewards. Some of the most desired include priority customer support and access to exclusive live experiences.

As for Crowns, they are redeemable for daily fantasy tickets and items like gift cards in the Dynasty Store. You can also exchange Crowns for DK Dollars, which are redeemable on DraftKings Casino, DFS, and Marketplace in addition to the online sportsbook.

Regular promotions and incentives help maintain user engagement and satisfaction, making DraftKings a preferred choice for many sports bettors. These ongoing offers ensure that users always have something to look forward to and assure them that they get at least something for every bet they place.

DraftKings Mobile App Review

Draftkings Sportsbook mobile app

The DraftKings mobile app has received impressive ratings, with an average of 4.8 stars from 750,000+ reviews on the App Store and 4.6 stars from over 157,000+ reviews on Google Play. Users appreciate the app’s intuitive design, which makes it easy to locate and place bets. The main menu provides quick access to live betting, current bets, and a search function, making it a breeze to find your way around the DraftKings Sportsbook app.

However, some users have reported challenges with customer service response times and occasional app loading delays. Despite these minor issues, the app’s high ratings indicate a generally positive user experience.

For even more convenience, the DraftKings Sportsbook app works in tandem with the brand’s casino product in eligible states. Thanks to this convergence, users can easily switch between the two types of betting if iGaming happens to be offered in their state.

DraftKings Desktop Website Review

DraftKings Sportsbook desktop website

The DraftKings desktop site is known for its user-friendly interface and polished design, making it one of the top choices among online sportsbooks. The structured layout allows users to easily find and place bets, promotions, free pools and contests, banking options and more. The desktop version of DraftKings Sportsbook shares many features with the mobile app, ensuring a consistent experience across devices.

Available Sports & Leagues at DraftKings

DraftKings offers a diverse range of betting markets across various sports, including major leagues like MLB, NBA, NFL, and NHL. The platform also provides betting options for niche markets such as esports and entertainment events. So, if traditional sports aren’t your thing, you might opt for wagers on League of Legends tournaments or the Academy Awards show. Just keep in mind that market availability for niche events such as those will depend on the state you are located in.

Here’s a closer look at the betting options you’ll find on the DraftKings menu:

  • Academy Awards
  • Aussie Rules
  • Badminton
  • Baseball
  • Basketball
  • Beach Volleyball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • Esports
  • Emmy Awards
  • Football
  • Golf
  • Hockey
  • Jai Alai
  • Lacrosse
  • MMA
  • Motorsports
  • Rodeo
  • Rugby League
  • Rugby Union
  • Snooker
  • Soccer
  • Table Tennis
  • Tennis

DraftKings Betting Markets

DraftKings offers a wide variety of bet types, catering to both novice and experienced sports bettors.

If you’re newer to betting, you might stick with moneylines. These bets are simply predicting the outright winner of an event. Over/under bets, or totals, are also pretty easy as they allow you to predict whether a game’s total score will be above or below a set number.

Additionally, you might explore point spread bets, which involve handicapping the favorite in a matchup to create a more even playing field, or prop bets, which are wagers on specific game outcomes or player performances.

For those looking for a chance at a higher payout, DraftKings also offers parlay bets. These wagers combine multiple bets into a single selection, requiring all legs to win for an increased payout. You can use the sportsbook’s parlay builder to choose different bets and see the compounded potential payout. Thanks to the availability of Same Game Parlays, you’ll also be able to combine multiple bets from a single game into one parlay wager.

Another more advanced type of wagering is in-game betting, which involves placing wagers as the action unfolds. Anyone can make live bets, but you’ll want some experience under your belt to take full advantage of the rapidly shifting odds.

Banking Methods at DraftKings Sportsbook

DraftKings offers various banking methods to facilitate deposits and withdrawals, though availability can differ based on local regulations. Users can choose from options like credit and debit cards, PayPal, and bank transfers, ensuring flexibility and convenience.

Deposit Options at DraftKings

Depositing funds into your DraftKings account is a simple process, with multiple options available to suit different preferences. Users can make deposits using the following methods, though availability may vary by jurisdiction:

  • Apple Pay
  • Bank Wire Transfer
  • Cash at Casino Cage
  • Credit/Debit Cards
  • DraftKings Gift Card
  • Online Banking
  • PayPal
  • Play+ Prepaid card
  • Venmo
  • VIP Preferred

The minimum deposit amount here is $5, making DraftKings accessible for sports bettors with varying budgets.

Deposits typically process instantly, allowing users to start betting without delay. DraftKings also allows users to set personal deposit limits, supporting responsible gambling practices and ensuring that users can manage their spending effectively.

Withdrawal Options at DraftKings

DraftKings offers several withdrawal options to ensure users can access their winnings conveniently. Common methods include:

  • Apple Pay
  • Bank Wire Transfer
  • Cash at Casino Cage
  • Debit Card
  • Online banking
  • PayPal
  • Play+ Prepaid card
  • Venmo
  • VIP Preferred

Similar to the site’s deposit options, withdrawal methods vary depending on the user’s location. To withdraw funds, users may need to confirm their identity as part of the verification process, ensuring security and compliance. If you’re withdrawing via Casino Cage at select physical locations, you’ll need to bring valid ID.

Customer Support at DraftKings Sportsbook

DraftKings provides robust customer support options to assist users with their queries. Users can request a callback through a chatbot feature on the website, ensuring timely assistance.

The platform also offers a comprehensive Help Center, where users can find answers to common questions related to their sportsbook, casino, and fantasy sports services. This includes guidance on deposits and withdrawals, promotional inquiries, and account-related queries.

Despite some reports of delayed response times, the overall support system is designed to provide effective assistance.

Yet another support option is the DraftKings’ X (formerly Twitter) account where representatives can help you resolve any issues via your social media account.

Responsible Gambling at DraftKings Sportsbook

DraftKings emphasizes responsible gambling, providing various resources to help you manage your betting habits. The sports betting platform offers features like player limits, self-exclusion, and cool-off periods. With these features, you can take control of your gambling activities and participate in a safe environment.

Additionally, DraftKings provides information and support for users experiencing gambling problems. This includes access to helplines and organizations dedicated to responsible gambling, ensuring that users have the necessary resources to seek help if needed.

While all the RG features you need should be accessible through DraftKings, the one number to remember for help is 1-800-GAMBLER. A simple phone call will connect you with the National Problem Gambling Helpline and help you find any necessary support.

DraftKings Sportsbook Strengths & Weaknesses

DraftKings Sportsbook has established itself as a leading platform in the online sports betting industry, but like any service, it has its strengths and weaknesses. These insights can help users decide if DraftKings is the right choice for them.

Strengths of DraftKings Sportsbook

DraftKings’ user-friendly interface on both mobile and desktop platforms ensures seamless navigation for users. The platform offers a robust selection of betting markets, providing extensive options for sports bettors to choose from. Additionally, DraftKings is available in several states, ensuring accessibility for a large number of users.

DraftKings also excels in offering innovative features like live betting, which enhances user engagement during events. The platform’s high ratings on app stores further attest to its quality and user satisfaction.

And of course, you can’t go wrong with the generous welcome offer of Bet $5, Get $150 If Your Bet Wins + a $50 Bonus Bet on First Deposit!

Weaknesses of DraftKings Sportsbook

Despite its many strengths, DraftKings has some areas for improvement. Some users have reported dissatisfaction with customer service responsiveness. Additionally, occasional app loading delays and issues with geolocation functionality can affect the betting experience.

Users have also experienced problems with bets disappearing from their bet slips and being logged out unexpectedly. While these issues may not be widespread, they highlight areas where DraftKings could improve to provide a more reliable and seamless user experience.

Summary of DraftKings Sportsbook Review

I highly recommend claiming the DraftKings promo code, which actually isn’t a code and just a matter of creating a new account via any of the links on this page. You can easily get started with the offer of Bet $5, Get $150 If Your Bet Wins + a $50 Bonus Bet on First Deposit via the DraftKings promo code.

With your bonus bets in hand, you can explore the sports betting platform without significant financial commitment. You’ll likely gravitate toward the intuitive interface, extensive betting options, and host of ways to deposit and withdraw funds. You may also notice some areas for improvement, such as customer service responsiveness.

Despite some minor issues, DraftKings remains a top choice for many bettors, offering a reliable and engaging sports betting experience.

More Info on DraftKings

Established in 2018, DraftKings Sportsbook hit the online sports betting industry in wake of the Supreme Court’s overturning of PASPA. Initially known for its daily fantasy sports, DraftKings transitioned into the sports betting scene, leveraging its existing user base to become a leader in the sector.

Aside from its sportsbook, DraftKings offers online casino games in five states: Michigan, Pennsylvania, West Virginia, New Jersey, and Connecticut. It may eventually roll out in Rhode Island and Delaware, as online casino gambling is also legal in these states.

DraftKings’ Daily Fantasy Sports (DFS) is available in almost every state, with a few exceptions like Washington and Nevada.

DraftKings Promo Code FAQs

If you need more help regarding DraftKings or its promo code, these FAQs should help:

What’s the best Draftkings promo code?

No DraftKings promo code is necessary. All you have to do is click this link, sign up for a new account, and bet at least $5 on any market.

Who can redeem the DraftKings Sportsbook signup bonus?

You can claim the DraftKings signup bonus as long as you’re in a legal and participating DraftKings state. Additionally, you must be 21+ years old (18+ in DC/KY/WY).

Can I bet at DraftKings Sportsbook in my state?

You can bet at DraftKings Sportsbook and claim its promo code offer in the following states: Arizona, Colorado, D.C., Iowa, Illinois, Indiana, Louisiana, Kansas, Kentucky, Massachusetts, Michigan, Maryland, North Carolina, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, and Wyoming.

Does DraftKings have a no-deposit bonus offer?

At this time, DraftKings Sportsbook doesn’t have a no-deposit bonus offer for new sportsbook users.

Are there any fees for depositing or withdrawing funds on DraftKings?

No, DraftKings doesn’t charge any fees for depositing or withdrawing funds.

How can I contact DraftKings customer service?

You can easily contact DraftKings customer service by using their website’s chatbot feature to request a callback or by visiting their Help Center for more support options.

What responsible gambling measures does the DraftKings app offer?

DraftKings offers responsible gambling measures like player limits, self-exclusion options, and cool-off periods to help users manage their betting. They also provide resources for anyone facing gambling challenges, ensuring you can play safely.

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