DraftKings Promo Code: Bet $5, Get $150 in Bonus Bets for New Users (June 2025)
Updated:
Verified by: Paul Costanzo
Are you looking to get your hands on the best DraftKings promo code offer available right now? If so, you’re in the right place.
Whether you’re a brand new sports bettor or seasoned sharp looking to get more out of the sportsbook, I’m here to help break down all the latest DraftKings promo information you need to know.
This page is backed by the knowledge of real experts who use DraftKings on a regular basis and we want you to leave this page with helpful insights into how the promo works — without all the extra noise.
DraftKings Promo Code: Get the Best Offer Available Today
✅ Verified for June 2025 | 👉 No promo code needed — just CLICK HERE to claim your Bet $5, Get $150 in Bonus Bets Instantly welcome bonus
I’m going to let you in on a little secret before we go any further: there is no DraftKings Sportsbook promo code. It might sound counterintuitive to the page you’re currently viewing, but you don’t actually need to input any bonus code in order to take advantage of the current Bet $5, Get $150 Bonus.
The one important caveat you need to keep in mind for this welcome offer is the fact that you don’t need to win your first bet in order get $150 in bonus bets. With that being the case, it doesn’t matter if your first bet wins or loses because you’ll get the money back in bonus bets as long as it’s up to $150.
If you’re asking me, I’d go bigger with my first bet and try to use up as much of that bonus money I’ll be getting back anyway on a fun player prop or parlay. Betting on a big underdog here is fine because, if they lose, you’re still getting $150 in bonus bets back no matter what.
How The DraftKings Promo Works (The Simple Version)
- Register a new DraftKings Sportsbook account in a legal state that supports the DraftKings Sportsbook app (Android or iOS) or site.
- Legal DraftKings states include Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Virginia, Vermont, Washington D.C., West Virginia, and Wyoming.
- Deposit at least $5.
- 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.
- Receive $150 in Bonus Bets instantly. No promo code is required.
This offer is set to expire on August 3, 2025. This page will be updated as soon as a bonus offer comes through.
🤫 Pat’s Tip: 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.
Terms & Conditions for DraftKings Promos (The Fine Print)
We can’t have you signing up for a welcome offer without understanding the fine print, so here are the key terms and conditions (T&Cs) to keep in mind:
🤫 Pat’s Tip: The beauty of the $150 instant bonus from DraftKings is that you’ll get up to $150 in bonus bets back, whether your first bet is graded a win or loss. As such, I’d feel comfortable making a larger minimum deposit and first bet because as long as I bet up to $150, it’s coming back to me in bonus bets regardless.
How to Use Your DraftKings Promo as a New User: Novice or Experienced
Depending on how much experience you have as a sports bettor, your first bet to unlock $150 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.
Best DraftKings Bet Today as a Novice New User
Goal: Keep things simple while activating the DraftKings promo
You’re getting $150 back in bonus bets whether or not you win your first bet once you activate the welcome offer from DraftKings, so why not have a little fun with it? Charles Oliveira takes on Ilia Topuria in Las Vegas this Saturday for UFC 317 in a bout that will crown a new UFC lightweight champion. There could, however, be some value for Oliveira to win at +340 moneyline odds since this is Topuria’s first fight at 155-pounds and there is a clear size disparity.
Best DraftKings Bet Today as an Experienced New User
Goal: Swing bigger with your first bet and create higher-payout parlays and SGPs
If you’re a little more seasoned and looking to bet on something with a little more potential return, I’d look at this juicy combat sports parlay for the upcoming weekend:
How the DraftKings $50 Deposit Bonus Works
When you sign up for DraftKings Sportsbook and make your first deposit, you’ll also receive a $50 bonus bet added to your account. This is a one-time reward and only available to new users making their first-ever deposit.
Best DraftKings Promos Today
Here are the top promos for you to consider as a DraftKings Sportsbook user right now:
Best DraftKings All-User Promos (June 2025)
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 $150 in bonus bets. Here’s a look at what DraftKings has to offer:
🤫 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.
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.
Insider Tips for First-Time Users on DraftKings Sportsbook
Stick to Straight Bets When You’re Brand New
I get it. All your buddies want you to get in on parlays, but they’re generally longshots. If you know and understand the risk involved, cool. That said, I would personally stick to one of these three types of bets as a new bettor:
- Spread bets (e.g. Celtics -3.5)
- Totals (Over/Under)
- Moneyline (simple win or lose)
Try a “Same Game Parlay” — But Start Small
Under the right circumstances, same game parlays can be a lot of fun to partake in. If you’re newer to online sports betting, I would just go with 2 or 3 leg same game parlay and avoid massive 6+ leg parlays unless you have No Sweat SGP promo attached to it.
Turn on Notifications for Flash Odds & Boosts
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.
Watch for “Opt-In Required” Warnings
When you see an all-user promo that you like and want to use, make sure you opt in first if it’s required. A lot of people forget to take the step of opting into a promo thinking it will automatically be applied to their bet slip somehow, which is not always the case. In fact, most promos require you to opt in.
Track Your Bets with the “My Bets” Tab
DraftKings has a full log of active bets, settled bets, wins and losses, and more that you can access through the “My Bets” Tab. This is a great place to figure out some of your strengths and weaknesses as a bettor. Think about it as watching the game tape after you’ve either had a huge game or one of the worst nights of your career. Review it often to ensure you’re not making the same mistakes.
Extra Value For You: Compare DraftKings with Competitor Promos
🤫 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.
DraftKings Payment Methods
There are a number of different options when it comes to DraftKings payment methods when it comes to both deposits and withdrawals. As one of the premier sportsbooks in the business, it should come as no surprise that the brand prides itself on offering a comprehensive list of different deposit and withdrawal options for users.
DraftKings Deposit Methods
How to Make a Deposit on DraftKings (Step-By-Step Guide)
- Log in to Your Account
- Open the DraftKings Sportsbook app or site and log in with your username and password.
- Find the Deposit Button
- Look for the green “+” icon or “Deposit” button in the top-right corner of the screen, next to your account balance. Tap or click it.
- Enter the Amount
- Type in how much you want to deposit. The minimum deposit is just $5.
- Choose Your Deposit Method
- See our table above for details.
- Verify Account Details (if needed)
- You might be asked to confirm personal information to keep your account safe, especially for your first deposit.
- Confirm Your Deposit
- Click “Deposit | $X” to finalize your transaction. Your funds should be available for betting almost instantly.
DraftKings Withdrawal Methods
How to Make a Withdrawal on DraftKings (Step-By-Step Guide)
- Go to the Account Menu
- Click your profile icon and select “Withdraw”.
- Enter the Amount You Want to Withdraw
- Type in your desired withdrawal amount. Remember, bonus bets cannot be withdrawn—only real cash winnings.
- Select a Withdrawal Method
- See our table above for details.
- Confirm the Withdrawal
- Follow the on-screen instructions to complete your request.
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.
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 a Play $1, Get $100 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 $1 minimum in casino wagers with seven days of opting in will get the $100 in Casino Credits. The Casino Credits must be wagered 1x before withdrawal and expire seven days after being rewarded.
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 deposit match bonus worth up to $50 in Pick6 Credits.
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.
DraftKings Promo Code FAQs
No, not with our link. Some sites promote fake “codes” but they don’t unlock anything new.
No. One promo per user/account across all DraftKings states.
You won’t get the bonus. The wager is required to trigger the offer.
Yes. DraftKings has a number of great all-user promos that you can take advantage of after you’ve signed up.
The best DraftKings promo to claim right now is their welcome bonus of Bet $5, Get $150 in Bonus Bets Instantly + $50 Deposit Bonus.
Evergreen Manager; Sportsbook Expert
Following a sports journalism career with his work appearing in outlets like theScore, The Province, and VICE Sports, Patrick moved into the world of content marketing to bridge the gap between great writing and SEO success. He’s brought that same mindset to lead evergreen content efforts at SBD.