DraftKings Promo Code: Bet $5, Win $300

Few sportsbook promos for new users are as agreeable as DraftKings' bet $5, win $300 in bonus bets reward. Claiming it is a snap — you don't even need a DraftKings promo code. Plus, you can also redeem a $1,000 deposit match to kick-start your betting journey.

One of the most famous and best sportsbooks in the industry, DraftKings delivers a welcome bonus befitting its elite stature. Following registration, you can deposit at least $5 and place an initial wager of $5 or more on any sports market. You'll then receive $300 in bonus bets if your bet wins, providing an immediate boost to your bankroll. Again, no DraftKings promo code is required at any stage.

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You don't need a DraftKings Sportsbook promo code for the welcome offer, and the associated terms and conditions are straightforward and easy to understand. We've simplified them even more for you here:

• Once your new account is active, make an initial deposit of at least $5.
• Place a first wager of $5 or more on any sports market.
• You'll get $300 in non-withdrawable bonus bets if your bet wins.
• The bonus will arrive split into twelve (12) $25 bets.
• If you fail to use the bonus within seven days of receipt, it will expire.
• Remember: Any winnings earned from bonus funds are available for withdrawal, but the stake won't be.

Bet $5, win $300 in bonus bets

A sportsbook's welcome bonus is typically its most enticing deal, and that's certainly the case with DraftKings' offering. New players can sign up, deposit and wager at least $5, then receive $300 in bonus bets if their bet wins.

This offer isn't just the best one you'll find at DraftKings, it's also one of the top sports betting promos in the entire country. If you're new to sports gambling, you won't find many rewards that are more beginner-friendly.

$1,000 deposit bonus

DraftKings has a secondary welcome offer that may be more appealing to high-rollers. With this promotion, you'll receive a 20% match on your first deposit, up to a maximum of $1,000. A customer must deposit $5,000 and complete wagering requirements to receive the maximum of $1,000 in DK Dollars.

💡 Oddspedia tip: So long as you're a new user, you can claim both the bet $5, get $200 and $1,000 deposit match rewards. That said, while the primary welcome bonus appeals to all bettors, you should likely only redeem the secondary offer if you're willing and able to take on more risk.

Collecting the sportsbook's sign-up bonus sans a DraftKings promo code is simple. Still, we're aware that the process may feel daunting if you're new to sports betting. Stick to the steps outlined below to obtain your reward efficiently.

1. Register

Should you be 21 or older and located in a region where the online betting site operates, you can sign up without a DraftKings bonus code to acquire the bet $5, win $300 in bonus bets welcome offer. 

Keep in mind that while you don't need to download the DraftKings Sportsbook app to register or claim the new-user promo, it's the best way to experience the platform. We highly recommend you take the time to install it on your mobile device.

2. Deposit funds

Once your account is up and running, you'll want to add some funds. Remember: If you're looking to claim the DraftKings $300 promo code offer, you'll need to put down at least $5. 

3. Place your wager

With some cash lining your virtual pockets, you can place your initial bet. Only your first wager will qualify for the bonus, and it must be $5 or more. 

4. Receive the bonus

After you place your qualifying wager and win, you'll receive twelve $25 bet credits for a total of $300.

5. Withdraw winnings

You can take out any money that you earn while wagering with the sportsbook. But don't forget that bonus bets are not real cash and cannot be withdrawn as such. Rather, they must be used to place more wagers with the betting app.

As a savvy bettor, you'll want to compare sign-up bonuses and promo codes from competing sportsbooks. However, doing so can prove difficult since bouncing between open desktop tabs or apps on your phone isn't particularly intuitive. To alleviate that issue, we've built the following table, enabling you to directly weigh DraftKings vs. Caesars, FanDuel vs DraftKings, BetMGM vs FanDuel, BetMGM vs DraftKings, and more.

DraftKings always delivers an excellent new-user promo, but you'll find plenty of other deals at your disposal once you sign up with the sportsbook. Here's what you can enjoy on a regular basis: 

As with its sign-up bonus, you won't need any DraftKings promo codes to garner the sportsbook's ongoing offers for existing users — and there are plenty. Many appear right on the home page, while the rest will sit within your promotions tab. Below, we've listed the most popular DraftKings promos.

🏀 CBB all-parlay boost

Following Opt-In, you'll be issued with a profit boost token to use on a 3+ leg college basketball parlay, Same Game Parlay, or SGPx. Your wager must carry odds of +300 or longer. Tokens are valid on men's and women's college basketball games.

🏒 NHL goalscorer odds surge

Do you have a gut feeling about an NHL player scoring a goal in his next game? DK will hook you up with a profit boost token you can redeem on an anytime goalscorer market. Minimum market odds of +100 apply.

🤝 DraftKings refer-a friend

DraftKings understands that betting is more fun when you're doing it with friends. DK offers an excellent sportsbook referral bonus worth up to $100 per person. You can refer up to five friends.

Earn up to $1,000 in Casino Credits + 500 Spins

New players in Michigan, New Jersey, Pennsylvania, and West Virginia can take advantage of a welcome offer by opting in, depositing $5, and then wagering $5 on casino games to earn 500 bonus spins for select slots. Each spin is valued at $0.20 and expires after seven days.

Additionally, you can earn up to $1,000 in casino credits by progressing through a series of playthrough tiers within seven days. To qualify, you need to place a minimum of $100 in cumulative wagers on slots or table games to receive $5 in casino credits. The bonus increases with your wagering activity, reaching up to a $1,000 bonus if you wager $70,000 in total ($20,000 on slots and $50,000 on table games). No DraftKings Casino promo code is required.

Only the highest of rollers should attempt to maximize the value of the offer, as you could lose a staggering amount of money trying to reach the playthrough requirement.

Alongside longtime rival FanDuel, DraftKings is one of the nation's top options for daily fantasy sports. You can register without a DraftKings DFS promo code to receive up to a $500 deposit bonus, then challenge your friends or other players in public leagues by drafting your team and setting your perfect lineup.

Regardless of your favorite sport, DraftKings daily fantasy sports ensures comprehensive coverage with a variety of distinctive contests, including:

• Casual: For players who haven't yet earned an experience badge but who have competed in over 50 contests.
• Head-to-head: Just you and your opponent. Score more points, and you win.
• Tournament: Public or private contests that deliver prizes as you advance.
• 50/50s: Compete with a set number of teams and receive real cash if you finish in the top half.

DraftKings Pick6

DraftKings Pick6 is a DFS contest where participants can select up to six players from a specific slate of games, typically involving NFL, NBA, or other sports. For each player selected, participants predict various performance outcomes, such as total points, yards, or other relevant statistics.

Correct predictions earn points, and players with the highest scores at the end of the contest win prizes.

One of the pioneers of daily fantasy sports, DraftKings has capitalized on that success by transforming itself into a giant of the modern sports betting industry. It's done so via an exceptional online sportsbook and top-tier mobile app that even its most competitive peers can appreciate. 

To uncover everything there is to know about the platform, sift through our detailed DraftKings review. And, for the highlights, continue reading. 

DraftKings mobile app

For those who want to wager on the go, the DraftKings app is top-of-the-line. When compared to the sportsbook's desktop and mobile browser platforms, the app performs exceedingly well. Not only is it simple to claim your sign-up bonus — again, no DraftKings promo code required — but navigation is seamless, the layout is clean, and the organization is excellent. After scouring every inch of the product, we feel confident stating that few sports betting apps can rival what DraftKings delivers.

Android users can find the DraftKings Sportsbook app in the Google Play store, while iOS users can find it in the Apple App Store. Alternatively, you can go to the website, where download links are readily accessible. 

DraftKings top features

⭐ Beginner-friendly: From its straightforward welcome bonus to intuitive design, DraftKings is an optimal sportsbook for those just getting their feet wet. Everything is clearly labelled, making navigation a breeze.

⭐ DraftKings Social: DraftKings Social is a unique feature that allows users to engage with friends and other players in a social environment. Players can track each other's performances, chat, and participate in group challenges, enhancing the overall experience of sports betting and fantasy gaming.

⭐ Impressive partnerships: As one of the premier sportsbooks in the nation, DraftKings has a long list of partnerships with teams and celebrities. As a result, you'll find unique boosts and other perks available on a regular basis.

DraftKings pros and cons

Where we think DraftKings excels:

✅ Expansive sports coverage —  Not only does it focus on the most popular leagues — it's one of the top football betting sites, NBA betting sites, MLB betting sites, golf betting sites and NHL betting sites — but it also provides numerous niche options, from volleyball to jai alai to lacrosse. If you're into auto racing, DK stands as one of the best NASCAR betting sites and F1 betting sites.

✅ Elite betting app — We would venture to say DraftKings delivers the best sports betting app in the industry. Intuitive, stylishly designed, and with organization that makes pinpointing markets and adding them to your bet slip a breeze, DK provides the ultimate on-the-go experience.

✅ Cornucopia of ongoing rewards — While the DK sign-up bonus is great — again, no DraftKings bonus code necessary — the sportsbook truly shines with how many promotions and rewards it offers existing customers. From daily odds boosts to pre-built parlay promos to a genuinely fantastic loyalty program, the sportsbook gives you plenty of reasons to return again and again.

Where we think DraftKings could improve:

❌ Restrictive secondary welcome offer — For those dissatisfied by DraftKings' primary sign-up bonus, an alternative choice exists — a 20% deposit match worth up to $1,000. However, the bonus demands you put down $5,000 and wager $25,000 to obtain the $1,000 reward. We'd suggest steering clear unless you're a high-roller comfortable with that kind of risk.

❌ Limits hot streaks — DraftKings is quick to limit big winners, a common theme amongst the nation's top online sportsbooks. 

What DraftKings sports markets can you bet on?

With the bonus bets from the DraftKings $300 promo code offer in your virtual pockets, you can use it on any sports market you like. If your focus is on the major leagues, DK has you covered with quality NFL odds, NBA odds, MLB odds, and NHL odds.

Or, should your tastes be a little more niche, you can access sports betting markets for the likes of MMA, rugby, darts, cycling, cornhole, table tennis, and more. Plus, when key events on the sports calendar arrive, DraftKings consistently delivers specialized promotions — that's what makes it one of the premier March Madness betting sites and Super Bowl betting sites.

What DraftKings bet types are available?

After registering without a promo code for DraftKings, depositing at least $5, wagering $5 or more, and earning your $300 reward, you'll want to use those funds on your desired bet types. As arguably the most popular sportsbook in the world, DraftKings provides all the options you'd expect:

• Moneylines
• Point spreads
• Over/Unders
• Parlays
• Prop bets
• Futures

How are the DraftKings odds and lines?

DraftKings wouldn't be an industry leader if it didn't offer competitive odds on all major markets. While some of its lines aren't as generous as competitors', you'll never feel cheated by the sportsbook.

Here's a quick look at how DraftKings stacked up against a competitor for five different NFL games:

What are the DraftKings payment methods?

DraftKings' banking system falls in line with the rest of its stellar reputation. You can use a variety of deposit options, including nearly all of the most popular payment methods, such as PayPal, Venmo, online baking, debit and credit cards, and Skrill.

Any deposit you put down — the DraftKings new user promo code offer demands at least $5 — should occur instantaneously, while the maximum processing time for most withdrawals is five business days. Keep in mind that if you opt to use physical checks, they can take much longer — often up to two weeks — to arrive.

How to contact DraftKings customer service

DraftKings offers a number of ways for customers to get assistance around the clock. Support agents are reachable by calling the phone center during business hours, sending an e-mail, or using the 24/7 live chat feature. Additionally, you can call after hours and ask for a callback via the automated system — you'll typically get one within 24 to 48 hours — or seek out answers yourself through the site's robust FAQ section. 

In our experience, agents have been quick to respond, amicable, knowledgeable, and efficient at resolving any concerns. When we ran into a minor issue with depositing funds, the DraftKings customer service team pleasantly walked us through the solution. About 10 minutes after connecting, our issue was fixed.

• Live chat: Available 24/7
• Email: support@draftkings.com
• Phone: 1 (855) 357-2377
• X (Twitter): @DK_Assist
• Support languages: US English

Why choose DraftKings?

Attempting to nail down one specific reason you should add DraftKings Sportsbook to your regular mobile betting app rotation is a fruitless endeavor. The online betting site does it all, and at a level rarely matched even by its most fierce competitors.

By downloading DK, you secure an excellent mobile platform, continuous bonuses and promotions, a quality live betting section, unique props, exhaustive sports coverage, and competitive odds and lines. If ever there was a do-it-all sportsbook, DraftKings would be the one.

🔥 Our final DraftKings Sportsbook rating: 4.9/5

"I have been using DraftKings as a sportsbook/casino for exactly a year since they launched in my state. Overall, I think it is one of the best books because its app has a very clean and intuitive UI, and its customer service is unmatched."
- Reddit user

"I love this app, as it's the best sports betting app. It's really enjoyable and fun. It gives you reasonable odds and quick, easy, payouts."
- Dano, Google Play store reviewer

“The interface and betting options are far superior to other betting apps.”
– Brad Hodgin, Google Play Store user  

DraftKings is legal, regulated, and available in 26 states plus DC — with more to come in the future. For now, if you're 21 or older and in a region where the online sportsbook operates, you can acquire its sign-up bonus without utilizing any DraftKings promo codes.

DraftKings sign-up bonus offers by state

Latest DraftKings states

DraftKings has been busy in recent months, adding a trio of states to its portfolio. The sportsbook launched in North Carolina when sports betting was legalized there on March 11, 2024. It entered the DC market on July 26, 2024, and Wisconsin via a retail location on Aug. 28, 2024.

Future DraftKings states

DraftKings' reach is one of the most prolific of all the active sportsbooks in the United States. And since it's garnered a foothold in most regions where sports betting is legal, that means it's always ready to leap into any potentially upcoming market. Here are a few locales that could legitimize sports wagering in the future and, by extension, welcome DraftKings:

  🌪️ Missouri — Early in 2024, two online sports betting bills — SB 824 and SB 852 — were filed in Missouri. Missouri's sports betting ballot was approved by voters during the 2024 U.S. Election. The state is expected to launch its legal market in 2025.

🍔 Mississippi — Hopes are still alive that legal sports betting will come to the Magnolia State in 2024. In early April, the Senate Committee on Gaming approved Rep. Casey Eure’s proposed Mississippi Mobile Sports Wagering Act — HB 774 — forwarding it to the full Senate. The bill would allow each of MS' 26 casinos to partner with an operator to provide online sports betting.

April 17, 2025: Days after it was reported a company connected to DraftKings Inc. was a “pending” member of the self-regulatory group for the U.S. derivatives industry, that status was withdrawn.

March 13, 2025: DraftKings registers DraftKings Predict, a significant step towards entering the prediction markets sector.

March 4, 2025: DraftKings' CEO feels there's positive momentum in getting more states to legalize sports betting and online casino gambling.

Jan. 28, 2025: DraftKings reportedly settles a lawsuit filed last year by the National Football League Players Association.

Jan. 9, 2025: DraftKings announces a partnership with Delta that will include gaming options on the airline's screens.

Jan. 3, 2025: DraftKings Sportsbook Plus, a new subscription service that offers participants up to a 100% profit boost on parlays, is piloted in New York.

Dec. 18, 2024: DraftKings faces a data-sharing lawsuit in New York, with a former customer alleging the company shared players’ video-viewing habits without their permission.

Nov. 7, 2024: DraftKings lowers its yearly guidance numbers due to “customer-friendly sports outcomes” despite seeing a 39% year-over-year revenue increase in Q3.

Oct. 25, 2024: The Sports Betting Alliance, made up of operators like BetMGM, DraftKings, Fanatics, and FanDuel, joins the Indian Gaming Association’s (IGA) fight against DFS sites. 

Sept. 23, 2024: DraftKings doubles its investment in the Missouri sports betting legalization campaign, contributing $10 million.

Sept. 17, 2024: The MLBPA sues DraftKings and FanDuel for illegally using player names, images, and likeness on their platforms.

Sept. 12, 2024: Massachusetts regulators say they are investigating DraftKings after a golf betting email that was sent out by the sportsbook in August.

Aug. 16, 2024: DraftKings donates $3.5 million to the Winning for Missouri Education campaign fund, an organization pushing to legalize sports betting to help fund the state’s education system.

Aug. 13, 2024: DraftKings announces in an earnings call that it will no longer institute a surcharge on winning bets in high-tax states.

Aug. 2, 2024: DraftKings implements a tax on winning bets in four states: Illinois, New York, Pennsylvania, and Vermont.  

July 26, 2024: DraftKings officially goes live in DC.

July 19, 2024: The WNBA names DraftKings as its exclusive betting and DFS partner.  

July 9, 2024: DraftKings receives a fine in New Jersey for a reporting error, with regulators accusing the betting site of overstating the amount of money wagered on parlays and underreporting the total betting handle for other forms of wagering.  

May 9, 2024: DraftKings acquires oddsmaker provider Sports IQ, which uses AI and other machine learning techniques to build odds.  

April 25, 2024: DraftKings receives approval for a full mobile license in Illinois, along with a retail license to operate at Wrigley Field.

April 22, 2024: DraftKings announces Lori Kalani, previously a partner at the Cozen O’Connor law firm, as its new chief responsible gaming officer.  

April 5, 2024: DraftKings announces a deal with the New York Racing Association, becoming an official betting partner of the Belmont Stakes and Saratoga Race Course.   

March 27, 2024: DraftKings, together with six other major sportsbooks, introduces the Responsible Online Gaming Association (ROGA).  

March 25, 2024: DraftKings and Kindbridge Behavioral Health announce they are expanding their partnership to cover all 25 states in which the sportsbook operates.  

March 11, 2024: Eight North Carolina betting apps go live, including DraftKings, as the state officially welcomes legal online sports betting.  

Sports betting is supposed to be fun and should always be done in a responsible manner. DraftKings has a variety of resources available to help prevent problem gambling:

• Deposit limits: Set how much you can deposit into your DraftKings account per day, week, or month, or the maximum you can deposit at one time.
• Time limits: Set how much time you can spend on DK's sportsbook and casino per day.
• Wagering limits: Choose how much you'll be allowed to wager per day, week, or month, or set a maximum single wager amount.
• Loss limits: Set how much you can lose in total per day, week, or month.
• Contest limits: Set how many contest entries you can make in a single week, or the maximum you can spend per entry.
• Cool-off: Restrict yourself from placing bets or depositing money for a specified period.
• Self-exclusion: Set a time frame during which you will be excluded and banned from participating on the DraftKings website or app.
• National Council on Problem Gambling: 1-800-GAMBLER

Visit DraftKings' responsible gaming resources

Even though you don't need DraftKings Sportsbook promo codes to collect any of the rewards the online betting app has to offer, other sports betting sites may require their own unique codes to redeem bonuses. So, we've done the hard work for you, compiling all the information you need regarding the country's top betting promotions: