DraftKings Promo Code: Bet $5, Get $300 If Your Bet Wins or $1K Deposit Match

Current DraftKings Promo for February 2026

Sign up with DraftKings today and you’ll unlock one of their best promos yet: Bet $5, Get $300 in Bonus Bets If Your Bet Wins.

No specific DraftKings promo code is needed. Just use a link on this page, create your account, deposit at least $5, and place a $5+ bet on odds of -500 or longer. As long as your first bet settles as a win, you’ll have $300 in bonus bets waiting for you.

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DraftKings Promo Code Summary for February 11, 2026

Technically there are promo codes for DraftKings, but you don’t actually need one as they all lead to the same offer.

One important caveat to keep in mind for this welcome offer is the fact that you need to win your first bet to get $300 in bonus bets.

If you’re asking me, I’d play it as safe as possible with my first bet, as the goal is to get the $300 in bonus bets.

Bonus bets cannot be withdrawn, but profits from them can. If you bet $25 in bonus money at +200 and it hits, you’ll get $50 cash.

DraftKings Bet $5, Get $300 Promo

1. Sign up for a new DraftKings Sportsbook account in a legal state that supports the DraftKings Sportsbook app (Android or iOS) or site.
2. Deposit at least $5.
3. Select the promo token in your bet slip and place any $5+ wager on any betting market (moneyline, spread, totals, prop bets, etc.) with odds of -500 or longer (e.g. +100, -110).
   • This includes betting options for NFL, NBA, NHL, MLB, college football, college basketball, soccer, golf, tennis, UFC, boxing, and more.
4. If your bet wins, you’ll receive $300 in Bonus Bets that will be paid out as twelve (12) $25 bonus bets. No promo code required.
   • If there are technical difficulties in transferring the bonus bets instantly, they’ll be received within 72 hours.
   • Bonus bets can be used by selecting them within your bet slip before placing a wager.
   • Bonus bets expire after seven (7 days).

Those are the important terms and conditions (T&Cs) for this offer. This page will be updated as soon as a bonus offer comes through.

DraftKings Welcome Promo For 20% Deposit Match Up To $1,000 in DK Dollars

If you’re looking to make a large first deposit at DraftKings, you could consider taking its deposit match bonus that gets you 20% of your first deposit in DK Dollars, up to $1,000.

In order to receive the bonus, you must play through your original deposit, and there is a 25X playthrough requirement. So for every $25 played on DraftKings, you’ll receive $1 in bonus funds. In order to receive the full $1,000 DK Dollar bonus, you would need to deposit $5,000 and bet through $25,000 in the first 90 days after your deposit.

DK Dollars are site credits with no cash value, and cannot be withdrawn, but they do not expire. This offer is not available in Massachusetts.

This promo should only be used by high rollers, and even then, I’d recommend the Bet & Get because of the 25X playthrough requirement.

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Best DraftKings Offers Today

Here are the top promos for you to consider as a DraftKings Sportsbook for Tuesday, February 10, 2026:

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Click through the “Rewards” button on the bottom of your app or top of the website to find all available bonuses, which are listed in the Rewards Center.

How to Use Your DraftKings Promo as a New User

Depending on how much experience you have as a sports bettor, your first bet to unlock $300 in bonus bets might look a little different. Based on today’s best odds and events, here’s how I would place my first bet as a first-time DraftKings user with little to no sports betting experience or an experienced first-time DraftKings user who has placed plenty of wagers at other sportsbooks.

Option 1 for How to Use First Bet at DraftKings

Goal: Keep things simple and just win to activate the DraftKings promo

You’re only getting $300 in bonus bets if you win your first bet once you activate the welcome offer from DraftKings, so suck up your pride and find the bet you’re most sure about, even if the odds are incredibly short and your cash winnings are minimal. I would also recommend just betting the minimum of $5.

So, today, take Orlando Magic ML vs. Milwaukee Bucks at -485.

Option 2 for How to Use First Bet at DraftKings

Goal: Win your first bet, and add some more cash to your bonus bets

If you’re a little more seasoned, you can feel free to bet more than the $5 required, and find something you’re confident in, even if it’s not as much of a sure thing. Basically, treat this bet as you would one that isn’t connected to a bonus.

For today, try Butler +11.5 vs. UCONN (NCAAM) at -108.

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How Does DraftKings’ Top Signup Bonus Compare to Others?

The DraftKings signup bonus is one of the best in the industry today, but let’s dig a little deeper to see how it stacks up in key categories that new and seasoned sports bettors care about:

Bonus Figure

DraftKings’ Bet $5, Get $300 in Bonus Bets If You Win welcome offer is one of the most appealing promos in the industry because of its low entry point. Unlike safety net offers from competitors like bet365 and BetMGM that only activate if your first wager loses, this one allows you to get cash winnings and bonus bets if your bet wins. And all for just $5.

User Accessibility

This promo is built for all players, but especially those who want to start small. With just a $5 winning wager, you can unlock the full $300 in bonus bets without needing to commit a large deposit. That low entry point makes DraftKings’ offer more approachable than high-dollar safety net promos, while still providing meaningful upside.

T&C Difficulty

The terms are straightforward: deposit at least $5, place a $5+ first bet on any eligible market, and you’ll receive $300 in bonus bets after settlement if it wins. The bonus comes in the form of eight $25 bonus bets, which must be used within 7 days. Bonus bet stakes are not returned with winnings, which is standard across other sportsbooks. Compared to other operators, DraftKings’ terms are simple and forgiving, with no pressure to place a large wager upfront.

Ease of Use / Claiming

This is one of the easiest welcome offers to claim in the market today. The $300 in bonus bets hits your account shortly after your initial bet settles as a win. The low minimum bet amount and instant value proposition set DraftKings apart from competitors who require a bigger upfront dollar commitment.

Signup Process

DraftKings’ registration process mirrors the industry standard: create an account, verify your identity and location, and make a minimum $5 deposit. Once complete, you’re ready to place your qualifying bet. DraftKings’ platform is streamlined and user-friendly, which keeps the entire process smooth from signup through claiming the bonus.

The Bottom Line

Overall, the DraftKings Bet $5, Get $300 If You Win offer delivers excellent value with very little downside. It’s a perfect starting point for new bettors who want to maximize their first deposit without overcommitting, while still gaining access to DraftKings’ deep betting markets, live betting options, and industry-leading app experience. There are very few operators that can compete with this offer top to bottom.

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Best DraftKings All-User Promos (February 2026)

Outside of the main DraftKings welcome offer, there are a number of great all-user promos that you can take advantage long after you’ve claimed your $300 in bonus bets. No promo codes are needed for current DraftKings existing customer promos, but you will need to opt-in for all of them.

Here’s a look at what DraftKings has to offer:

DraftKings King of the Court

• Opt-in and make a bet on any NBA player prop. If the player you bet on leads the league in Points + Rebounds + Assists that night, you’ll receive a share of a bonus bet prize pool, sometimes as high as $1 million.
• Key Requirements: King of the Court token must be applied before making prop bet, which must meet the minimum odds requirement, typically -200.
• Availability: Every Tuesday during NBA season

DraftKings Early Exit

• Get cash credits if your bet is heavily affected by a player exiting the game early due to injury and not returning.
• Key Requirements: Pre-match bets only. Full game player prop bets only. Single bets. Parlays and Same Game Parlays (SGP/SGPx).
• Expiration: Daily / Varies

Big League Draw

• Enter for a chance to win bonus bets or cash prizes during MLB promos.
• Key Requirements: Opt-in via “Promotions” tab, place qualifying bets.
• Expiration: Daily / Varies

DraftKings Jackpot Pools

• Enter contest-style pools for a chance at large progressive jackpots.
• Key Requirements: Opt-in, buy-in fee required.
• Expiration: Varies by pool.

DraftKings Ghost Leg Parlay

• Opt-in and select a Ghost Leg for your NFL parlay, SGP or SGP(x). If that leg loses, and the rest of the parlay wins, the bet will be settled without the Ghost Leg.
• Key Requirements: Requires 3+ leg parlay, minimum odds per leg of -500, maximum bet $5.
• Availability: Sundays during NFL season

No Sweat SGP

• Get a refund in bonus bets if your Same Game Parlay loses.
• Key Requirements: Minimum 3 legs, opt-in required.
• Expiration: Daily / Varies

DraftKings Refer a Friend

• Refer a friend, get up to $100 in bonus bets.
• Key Requirements: Friend you refer must make a deposit and wager.
• Expiration: Ongoing

DraftKings Daily Drop

• Opt-in to receive a Profit Boost token valid for all sports markets on the same day.
• Key Requirements: Must use cash balance or DK Dollars. Single-use, bonus bets and other promos cannot be combined.
• Expiration: Daily / Varies

Sometimes DraftKings will drop “Happy Hour” boosts and Flash Bets at random times and they only last up to an hour. These can end up being some of the best odds boosts the online sportsbook offers and, in order not to miss out on them, you should turn on your push notifications so you an be alerted in your mobile app as soon as they go live.

🤫 Pat’s Tip: These promotions generally require an opt-in, so always check the “Promotions” tab in the DraftKings sports betting app (Android or iOS) or site before placing a bet. Many of these refresh daily or weekly, especially during major sports seasons. Availability may differ slightly depending on your state or user history, but these are among the most commonly available to all users.

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DraftKings Dynasty Rewards Program

The DraftKings Dynasty Rewards program gives you crowns and tier credits for money spent using DraftKings products such as the sportsbook or casino. The crowns and tier credits can be used to get special experiences, gift cards, merchandise, and more.

There are five tiers in the Dynasty Rewards program: Bronze, Silver, Gold, Diamond, and Onyx. Each of these tiers comes with specific benefits and you will move up the tiers based on the amount of credits you use.

Bronze Tier:

• Tier Credits Per Year: 0-4,999
• DK Shop Discount: 5%
• Additional Perks: Basic access to promotions, Crown earning and redemption.

Silver Tier:

• Tier Credits Per Year: 5,000
• DK Shop Discount: 10%
• DFS Boosts: 2X
• Sportsbook/Horse Racing Boosts: 25%
• Casino Game Boosts: 2X
• Additional Perks: Tier-exclusive contests; small weekly prize chest.

Gold Tier:

• Tier Credits Per Year: 25,000
• DK Shop Discount: 15%
• DFS Boosts: 2.5X
• Sportsbook/Horse Racing Boosts: 50%
• Casino Games Boost: 3X
• Additional Perks: Better contests; priority customer service.

Diamond Tier:

• Tier Credits Per Year: 90,000
• DK Shop Discount: 20%
• DFS Boosts: 3X
• Sportsbook/Horse Racing Boosts: 75%
• Casino Games Boosts: 4X
• Additional Perks: Large weekly prize chest; VIP events; annual sweepstakes entries; VIP host & support.

Onyx Tier:

• Tier Credits Per Year: 175,000+ (invite only)
• DK Shop Discount: 25%
• DFS Boosts: 3.5X
• Sportsbook/Horse Racing Boosts: 100%
• Casino Game Boosts: 5X
• Additional Perks: Massive weekly chest; top-tier promotions; VIP host; Elite rewards & live events.

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Comparing DraftKings to Other Sports Betting Apps

DraftKings is one of the best sports betting apps in the US because it’s good at everything.

It may not have the reputation for competitive odds that bet365 does, but it offers odds that are competitive with everyone else — and even bet365 at times.

BetMGM and Caesars may be known as the kings of rewards, but DraftKings has an emerging rewards program with Dynasty Rewards, and its daily promos for existing users are among the best in the industry.

DraftKings also consistently runs a welcome bonus that we rank among the best in the business due to its easy access point, and generous bonus amount.

DraftKings vs. FanDuel Promos

DraftKings and FanDuel are typically very close when it comes to welcome offers, with each using a Bet & Get offer of some kind. The differences are in the details, either on the amount, or the requirement of winning the initial bet.

Once you are a customer, both are also good at offering profit boosts or No Sweat bet tokens, although DraftKings tends to offer more boosts and promos, spanning more markets.

DraftKings vs. BetMGM Bonuses

BetMGM has the biggest welcome bonus among US sports betting apps, although it’s a First Bet Bonus which requires you to put in more money up front. If you’re willing to do that, the BetMGM promo code could be a better place for you to start. If you’re a beginner, the DraftKings Bet & Get bonus is probably the better option.

DraftKings also can’t compete with BetMGM’s rewards program, which is maybe the best in the industry. But when it comes to daily boosts and promos, DraftKings does have BetMGM beat, both in terms of generosity and the amount it offers.

DraftKings vs. bet365 Bonuses

One of the more consistent bonuses on the market has been the bet365 choice between a Bet & Get and a First Bet Safety Net. Having options is nice, and the bet365 bonus code does make itself attractive for multiple groups of bettors.

The value is similar to DraftKings, typically. One major difference is DraftKings will credit your bonus bets back to you in $25 chunks, while bet365 allows you to break up the bonus however you’d like.

DraftKings vs. theScore Bet Promos

When comparing DraftKings vs. theScore Bet, the biggest contrast comes down to how risk is handled on your first wager. DraftKings leans into a classic Bet/Get with big upside at a very low entry point, while theScore Bet’s $1,000 Bet Reset is all about protection if your first bet doesn’t go your way.

DraftKings’ appeal is the headline value — bet a small amount, win, and unlock a large bonus. TheScore Bet, on the other hand, is more conservative and especially attractive to bettors placing a larger first wager, since your stake is refunded as bonus bets if you lose.

Another key difference: DraftKings typically issues bonus bets in fixed increments, while theScore Bet’s Bet Reset credits bonus bets equal to your losing stake (up to the cap), giving it a more straightforward feel.

🤫 Pat’s Tip: DraftKings generally has the best welcome offer neck-and-neck with FanDuel when it comes to new customers. That said, if you’ve never used any of these sportsbooks, sign up for a few to get a feel for them while claiming some bonus money in the process. As one of the top NFL betting apps around, DraftKings is also perfect to bet on football all season long.

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DraftKings Promo Code Legal States

Wondering where you can claim this offer from DraftKings? We’ve got you covered.

Here’s a list of DraftKings legal states, along with links to claim your bonus offer:

DraftKings Missouri Launch

DraftKings Missouri launched in the Show-Me State on December 1, 2025. If you’re currently located in Missouri, you can download the DraftKings app, claim a special welcome bonus, and start betting today.

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DraftKings News

Here’s the latest news surrounding DraftKings:

• DraftKings launched its Predictions app, entering the predictions markets space. READ MORE: DraftKings Launches Prediction Market Services in 38 States
• DraftKings entered a multi-year advertising agreement with NBC Universal, which will see DraftKings prominently featured across NBC Universal’s portfolio of sports properties, which includes the NFL, PGA Tour, college football, Premier League soccer and more. READ MORE: NBC Universal, DraftKings Enter New Multi-Year Advertising Agreement
• Credit cards are no longer accepted as a source of funding your DraftKings account. READ MORE: DraftKings to Prohibit Credit Card Account Funding

DraftKings Becomes ESPN’s Official Sportsbook and Odds Provider

Starting December 1, 2025, DraftKings became ESPN’s official sportsbook and odds provider, replacing the former ESPN BET partnership. DraftKings’ betting tools, odds, and promotions are now integrated across ESPN’s platforms, making it easier for fans to bet while following their favorite sports. This partnership positions DraftKings as the main sportsbook for ESPN audiences, while the old ESPN BET brand is phased out in the U.S. and replaced by theScore Bet.

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DraftKings Banking: Instant Deposits and Fast, Reliable Payouts

When it comes to deposits and withdrawals, there might not be a better online sportsbook than DraftKings. The variety of DraftKings payment methods, along with the reliability and speed of the deposit and withdrawal process make it easy for you to not worry about your money and just focus on the betting.

Deposit Methods & Processing Times

DraftKings requires a minimum deposit of $5, regardless of the method you’re using. It no longer accepts credit cards for deposits, but there are plenty of options:

How to Fund Your Account in 30 Seconds

1. Tap the “+” button in the top right of your screen
2. Select how much you want to deposit (minimum $5)
3. Choose your preferred method from the list
4. Confirm your deposit and watch your balance update immediately

Withdrawal Options: Get Your Money Fast

DraftKings has been the fastest paying sportsbook in my experience. Withdrawals must go to a method that you have previously used to make a deposit.

• PayPal / Venmo: < 24 Hours (fastest)
• Apple Pay: < 24 Hours
• Debit Card: 1-2 Business Days
• Online Banking: 1-3 Business Days
• Cash at Cage: 1 Hour (must be at a DraftKings retail location)
• Check by Mail: 3-7 Business Days

Quick Withdrawal Tip: Venmo and PayPal withdrawals at DraftKings have been known to hit within an hour, sometimes within minutes.

How to Withdraw Your Winnings

1. Open your account menu
2. Select “Withdraw”
3. Enter your withdrawal amount
4. Choose your withdrawal method
5. Tap “Request Withdrawal”

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DraftKings Responsible Gaming Features

Responsible gaming should be at the forefront of every sports bettor’s mind and DraftKings knows that very well. They’ve put some specific responsible gaming features in place to protect bettors:

• Deposit Limits: Daily, weekly, or monthly limits on how much you deposit into your DraftKings account.
• Spending Limits: Set a limit on exactly how much money you want to spend while wagering.
• Wagering Limits: Set limits on the maximum wager amount you can place.
• Time Limits: Set a limit on your session times in DraftKings Sportsbook.
• Cool Off Periods: Players can set a cool off period for 30 days that restricts you from placing bets and depositing new funds.

Always gamble responsibly and within your means. The DraftKings responsible gambling features are designed to help you play within your comfort zone at all times.

If you or someone you know may be suffering from a gambling problem, reach out to the national helpline at 1-800-GAMBLER to seek support.

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DraftKings Casino Promo

DraftKings also happens to have one of the most popular online casino game offerings in the industry. It is currently available in Pennsylvania, New Jersey, Michigan, West Virginia, and Connecticut.

You can currently claim the DraftKings Casino promo by hitting the link below in Pennsylvania, New Jersey, Michigan, West Virginia, or Connecticut. DraftKings Casino offers 500 Casino Spins on Cash Eruption Games + 24-Hour Lossback up to $1,000 in Casino Credits signup bonus.

Some important T&Cs to keep in mind when it comes to this offer is that you must opt-in within seven (7) days of the successful registration of your new account. Customers who place a $5 minimum in casino wagers with seven days of opting in will get the 500 spins over 10 days. Lossback refunds net losses up to $1,000 in Casino Credits that expire in seven (7) days and include a 1x wagering requirement.

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DraftKings Fantasy Promo

If you prefer Daily Fantasy Sports (DFS) games, or you’re in a state where sports betting has yet to be legalized, taking advantage of a DraftKings Fantasy promo code might be a better option than the other offers listed on this page.

New customers signing up with DraftKings through their daily fantasy sports platform will be eligible to receive a bonus to Play $5+ on First Paid Entry and Get $60 in Pick6 Bonus Picks.

The bonus funds associated with this DraftKings Fantasy promo can be used on contests for sports like football, baseball, basketball, hockey, golf, NASCAR, and MMA.

Gambling Problem? Call 1-800-GAMBLER. Help is available for problem gambling. Call (888) 789-7777 or visit ccpg.org (CT). 18+ (19+ AL/NE, 21+ AZ/MA/VA). Valid only where Pick6 operates, see dkng.co/pick6states. Void in NY, ONT, and where prohibited. Eligibility restrictions apply. 1 per new DraftKings customer. First $5+ paid Pick Set to receive max. $60 issued as non-withdrawable Bonus Picks that expire in 14 days (336 hours). Ends 2/8/26 at 11:59 PM ET. Terms: pick6.draftkings.com/promos. Sponsored by DraftKings.

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DraftKings Promo Code FAQs

Is there a DraftKings promo code required?

No, not with our link. Some sites promote fake “codes” but they don’t unlock anything new.

Can I use this promo in multiple states?

No. One promo per user/account across all DraftKings states.

How do you use a promo code on DraftKings?

You do not need to use a promo code to receive a DraftKings welcome bonus. You can simply click our links and register a new account to activate the offer.

Can I still claim DraftKings promos after I've claimed the welcome bonus?

Yes. DraftKings has a number of great all-user promos that you can take advantage of after you’ve signed up.

What is the best DraftKings promo available right now?

The best DraftKings promo to claim right now is their welcome bonus of Bet $5, Get $300 in Bonus Bets If You Win.

Can you win real money on DraftKings?

Yes, you can! DraftKings allows you to wager and win real money in legal states.

Does DraftKings report winnings to the IRS?

Any winnings over $600 are reported to the IRS. It is incumbent upon you the bettor to claim your earnings, but technically all winnings are taxable.

Is there a catch to bonus bets on DraftKings?

There’s no catch, you can really use DraftKings bonus bets to win real money. The bonus bets themselves are not real money, so they are not included in the return of a winning bet, nor can they be withdrawn. But a winning wager using a DraftKings bonus bet will earn you cash. There are terms & conditions to follow, and the bonus bets will eventually expire. But we do not consider those a “catch”.