DraftKings Promo Code: Bet $5, Get $350 in Bonus Bets for New Users (May 2025)
Updated:
Verified by: Paul Costanzo
Looking for a DraftKings promo code? Simply sign up by using one of our special referral links on this page. No promo code necessary.
New users can sign up with DraftKings and grab their Bet $5, Get $300 Bonus plus an additional $50 bonus with your first deposit of $5 or more. DraftKings are also offering a 20% up to $1K new customer promo today!
Learn more about these bonuses and how to the get the most value for NBA, NHL, and MLB action below.
Best DraftKings Promo Code for May 2025
Using the link in the table above will automatically unlock a DraftKings bonus worth a Bet $5, Get $300 offer for new users, with no DraftKings promo code required during registration. I found this promo to be very helpful when I was getting started with online sports betting at DraftKings Sportsbook.
The only other thing I would keep in mind is the wagering requirement outlining the need to make a $5 minimum deposit and your first bet must be graded a win to qualify. The great thing about this is that DraftKings will give a $50 deposit bonus on top of your Bet $5, Get $300 offer, which brings the total value of your promo to $350 in bonus bets.
Weekly DraftKings Promotions
Ongoing DraftKings promotions are a great opportunity to stay locked in with all the action in your favorite games. Some of these are only available to new players, while others can be claimed by existing users after registering with DraftKings Sportsbook.
These promotions can change on a monthly or even weekly basis, so make sure you check back here for all the latest details.
DraftKings Sportsbook Promo Code Terms and Conditions
Here are some of the key terms and conditions that you need to keep in mind with this DraftKings welcome offer.
- ✅ When you sign up and make your first deposit, you’ll need to make a minimum deposit of $5.
- ✅ You will need to make a Qualifying Bet of $5.
- ✅ $300 will be paid out as twelve (12) bonus bets worth $25 each that expire within seven (7) days.
- ✅ Your bonus bets will be credited instantly, or within 72 hours should technical difficulties arise.
- ✅ Any winnings from bonus bets will not include original stake upon payout.
Make sure you always bet responsibly and also look into any terms and conditions (T&Cs) for the new user offer at DraftKings Sportsbook. Carefully read over rollover requirements and any other necessary information before making a wager.
What I like about DraftKings Sportsbook promos 👌🏼
- Bet $5, Get $300 offer covers many of your first wagers.
- Dynasty Rewards program unlocks Crowns and Tier Credits for money spent across all DraftKings platforms.
- One of the largest selections of daily odds boosts on the US betting market.
What I’d like to see more of from DraftKings Sportsbooks bonuses 💭
- Increased limits on same-game parlay insurance promos.
- Offer more bet/get bonuses for existing customers.
The NBA conference finals are now in motion with the Indiana Pacers vs. New York Knicks in the east and the Oklahoma City Thunder vs. Minnesota Timberwolves in the west. The same goes for hockey in the NHL with the Florida Panthers vs. Carolina Hurricanes in the east and Dallas Stars vs. Edmonton Oilers in the west. MLB also has its regular season now up and running, a perfect opportunity for baseball bettors to get active.
Make sure you also keep it locked for the best NFL betting promos once the season is back.
We’re always on the lookout for the best DraftKings Sportsbook promo codes to keep you informed, just use the links on this page to get the best offer.
Jump to:
- Current Promos from DraftKings Sportsbook
- What States Offer a Promo for DraftKings Customers?
- DraftKings Sportsbook Promo FAQs
How to Claim a DK Sportsbook Promo
SPORTSBOOK
Bet $5 & Get $300 in Bonus Bets If Your Bet Wins + $50 Deposit Bonus
Getting the main promo code for DraftKings is simple. Just download the app and complete the registration process with DraftKings Sportsbook. In my experience, signing up with DraftKings to claim their best promo code was simple and expedient.
DraftKings typically offers two sign-up bonuses to choose from: the Bet $5, Get $300 offer OR a deposit match.
Here’s how the Bet $5, Get $300 offer works:
- ✅ Sign up with DraftKings Sportsbook.
- ✅ No DK promo code required upon registration.
- ✅ Make an initial deposit of at least $5.
- ✅ Finalize your first wager of $5.
- ✅ Your first bet with DraftKings does not have to win.
- ✅ DraftKings will reward you with $300 in bonus bets to place more wagers if your first bet wins.
The bonus funds you receive from the DraftKings $300 promo cannot be withdrawn immediately. You must use these bonus funds on other wagers before collecting a payout, and the bonus funds must be used within seven days.
The deposit match promo for new users is DraftKings’ second-most popular welcome offer. Players can receive matched promo funds for making their first deposit through the user-friendly DraftKings Sportsbook app. However, you must complete a 25x playthrough requirement which is not as accessible for the average new player.
Overall, I recommend choosing the Bet $5, Get $300 offer instead.
How To Use DraftKings Promos: Expert Opinion
One of the best things about the current offer is that no DraftKings promo code is needed to get a $300 bonus, which has to be a minimum of $5.
Since you have a full $300 in bonus bets, you have a little more leeway in the ability to make a bigger bet should you choose.
Whether you bet $5 or $300 as your first bet, you’ll get $300 in bonus bets back plus a $50 deposit bonus if your first bet wins.
Of course, how you ultimately decide to use your promo is up to you, but knowing you have the ability to wager a little more makes this DraftKings promo a unique one that stands out among competitors.
Latest DraftKings Odds
In this section, we pick an exciting game or event that you should keep your eye as a bettor with the latest DraftKings odds for the spread, total points, and moneyline.
Current Promos from DraftKings Sportsbook
The best DraftKings promo code offer unlocks a Bet $5, Get $300 promotion for new users. In my opinion, this is one of the most enticing welcome offers for sports bettors on the market today.
Using the exclusive links on this page will automatically unlock the Bet $5, Get $300 bonus. I had no troubles completing the registration process to claim this offer. Thankfully, DraftKings has a best-in-class customer support team should you encounter any issues.
DraftKings Odds Boosts
Boosted odds promos are some of the best bonuses for padding your bankroll, and DraftKings Sportsbook usually has some of these on offer. Odds boosts promos at DraftKings increase the value of lines on numerous games, giving you a chance to win more money on a wager you might already be interested in.
For example, a DraftKings odds boost promo might move the line for a moneyline wager on the Boston Celtics from +125 to +175. If you placed a $100 wager on the boosted odds promo, you’d end up potentially winning an additional $50 over the $125 you could win on a wager without the bonus.
Typically speaking, you’ll find DraftKings odds boosts in the form of percentages that can be added onto to a bet you’re making. For example, you might get an odds boost of 20% that could then be applied to your bet of $10 at +200 odds. This would mean your potential winnings would go from $20 to $24.
DraftKings Casino Promo Code
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 code 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 Promos
If you prefer 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 $500 in extra funds. The DraftKings DFS promo code will unlock an offer that matches 20% of your first deposit up to the $500 maximum.
How the DraftKings DFS Promo Code Works:
- Download the DraftKings Fantasy app and create your new account.
- Make your first deposit with DraftKings Fantasy using an authorized payment method.
- DraftKings Fantasy will match 20% of your initial deposit up to the $500 maximum.
- You’ll receive $1 in bonus funds for every $25 played on any DraftKings product.
- Use the bonus funds to play more DFS contests with DraftKings.
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.
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.
DraftKings Missions
One of the newest and most exciting features at DraftKings Sportsbook is their daily Missions that bring players special rewards.
DraftKings Missions are daily tasks you complete to unlock perks like bonus bets. Head to the promos section on DraftKings to see what Missions they have going for that day. If you click the “Rewards” tab, you can see all the promotions currently available to you at the DraftKings sportsbook. The rewards program is based around the completion of specific “Missions” asking you to take a side on select wagers or propositions.
For example, a DraftKings Mission might ask you to place three $1 bets to earn a $3 bonus bet. You’ll need to opt-in to DraftKings Missions in order to qualify for the rewards, which can be done each day on the promotions menu. You’ll earn odds boosts, enhanced payouts, and more for each mission completed. You can also earn DraftKings crowns and dollars that can be used on all their platforms, including the sportsbook, daily fantasy, and casino activities.
Refer-a-Friend Program
DraftKings likes to incentivize fans to bring their friends in on the action with some referral bonuses.
All you have to do is share a referral link from the DraftKings refer-a-friend page. You’ll both receive a bonus bet of up to $100.
How to Get the DraftKings Referral Bonus:
- Share the referral code with your friend
- Make sure they use the link when they sign up with DraftKings
- The bonus bet amount depends on how much the person receiving the referral code deposits
- The bonus bet is valid for 30 days
- Invited friends must be new to DraftKings, not just their sportsbook
Keep in mind, these can change weekly, so make sure you’re checking the DraftKings homepage for their latest refer-a-friend offers. You and your friend can fulfill these requirements through the DraftKings sports betting app or desktop site.
DraftKings Sportsbook Plus (+) Subscription Service
DraftKings Sportsbook+ is a subscription service currently being offered to select DraftKings customers in New York. Subscribers receive unlimited “Stepped Up” boost tokens that can be used towards parlays and same-game parlays.
You can get a free month trial to use the service in New York right now, and the monthly cost goes to $20/month after that. If you’d like to get a DraftKings Sportsbook+ subscription, here are the steps you need to take:
- Log into your DraftKings account on your DraftKings Sportsbook mobile app.
- Hit the Profile Icon in the top right corner.
- Under Balances, find the DraftKings Sportsbook+ tab.
- You will be redirected to the DK Shop to complete your subscription purchase (eligible payment methods include: debit cards, credit cards, and Crowns)
There is a max wager limit of $25 and max boost limit of 100% on 11 legs with your DraftKings Sportsbook+ subscription.
Where To Enter Promo Code On DraftKings App
Using a welcome offer takes all the action to the next level no matter what sport you’re betting on. Applying a DraftKings promo code is a straightforward process that will help you get the best value on your wagers.
Use the links on this page to download the DraftKings app and begin the sign up process. Once you’ve entered all the required personal information to create an online sportsbook account at DraftKings, you’ll see a ‘Promo Code’ field at the bottom of the screen. This promo code field is pictured above, and as indicated, entering a DraftKings promo code is optional. However, using the links on this page will automatically apply the latest and greatest DraftKings Sportsbook bonus.
Once you’ve applied the promo code available to new customers and your online sportsbook account has been verified, you can opt-in to ongoing DraftKings bonuses through the ‘promos’ tab. You won’t need a promo code to opt-in for these other DraftKings bonuses, simply find the promotion you like and opt-in.
DraftKings App Review
For my money, the DraftKings app is legitimately one of the best sports betting apps in the game. It stands right next to FanDuel in terms of overall user functionality and betting options.
You’ll see a truly incredible variety of markets in the DraftKings app, and they’re not limited to the obvious ones that you can get with virtually any other sportsbook. For that reason alone, the flexibility of markets gives you the ability to bet on so many different games and events.
The app is also quick and very responsive. With a great overall design, it’s easy to navigate through different betting options but I do think there can be a little more clutter when compared to a slightly more stripped down app experience like bet365. It’s not necessarily a bad thing, it just means DraftKings has a lot to offer and they can’t wait to tell you about it.
DraftKings Key Features
There are number of great features you can find on DraftKings, but here are a handful that I think first-time bettors and veteran sharps will both love:
- Progressive Parlays
- SGP(x)
- Flash Bets
- DraftKings Pools
- Dynasty Rewards
- Early Cash Out
To get more details on these features, make sure you check out our DraftKings review for the scoop.
Pros & Cons for DraftKings Sportsbook
What States Offer a Promo for DraftKings Customers?
Use the links in the table below to get the best DraftKings promo code for customers in each state:
We’ll keep this list updated when DraftKings goes online in more states like Florida and Texas. Some of the more recent additions to the DraftKings online betting empire include Massachusetts, North Carolina, and Ohio. The DraftKings mobile app is now available in these states, but keep in mind that not all wards in Louisiana will give you eligibility to place bets with a mobile sports betting app.
As a household name in sports betting, you can expect more DraftKings legal states to pop up in the near future. If online sports betting gets legalized in your state, it’s likely that DraftKings will be one of the first platforms to launch. They’re eager to capitalize on emerging sports betting markets in the US, and their signup promo is designed to attract new customers.
You can expect to see DraftKings online and retail sportsbooks available in more locations as sports betting legalization sweeps across the nation. Make sure to keep in mind that wagering requirements can vary from state-to-state.
DraftKings Promotions: Best Features Compared to FanDuel & BetMGM
The Crown is Yours with DraftKings Sportsbook, and as you can see from the table above, they’re up there with other industry giants like FanDuel and BetMGM. With unique features like Same Game ParlayX (SGPX) and the Dynasty Rewards program, DraftKings sets itself apart with a strong app and valuable offers for all customers.
The ESPN BET app is now live in 17 states across the nation and the ESPN BET promo is very competitive with the brand looking to grab 20% market share against DraftKings and FanDuel. I’d also suggest looking into the BetMGM promo code as an alternative as well since it provides great value for first-time users.
DraftKings Responsible Gambling Features
Responsible gambling should be at the forefront of every sports bettor’s mind and DraftKings knows that very well. They’ve put some specific responsible gambling 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.
DraftKings Sportsbook Promo FAQs
Check out these answers to DraftKings Sportsbook promo FAQs:
What is the best DraftKings Sportsbook promo code?
To unlock the best DraftKings promo code, a welcome offer of Bet $5, Get $300 in Bonus Bets, simply follow the links on this page.
What states is the DraftKings first-time deposit promo available in?
This signup promo is available in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, Maryland, Massachusetts, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, and Wyoming.
How old do I have to be to register with DraftKings?
While the legal sports betting age can vary between states, DraftKings currently only operates in regions where you must be at least 21-years-old to wager with exception of Kentucky, New Hampshire, Washington, D.C., and Wyoming, where the minimum sports betting age is 18-years-old.
What’s the latest DraftKings Casino welcome bonus?
The latest DraftKings Casino welcome bonus is Play $5, Get $100 Instantly in Casino Credits signup offer. New customers in Pennsylvania, New Jersey, Michigan, West Virginia, and Connecticut can claim this lucrative DraftKings Casino bonus.
Does DraftKings offer a reload bonus?
Yes, DraftKings has a number of promotions that you can take advantage of which include reload bonuses.
Where can't I get a DraftKings promo?
You cannot get a DraftKings promo in states where the sportsbook is still not legal such as California, Georgia, Florida, and Texas.
How do you apply a promo on the DraftKings app?
If you simply follow the links on this page, the welcome promo will be automatically applied to your DraftKings app. If you want to explore other promos, simply go into the app and find the promotions page.
Are there any betting limits when using a DraftKings promo?
Yes, there are betting limits when using a DraftKings promo code, which can differ depending on the bonus offer. For example, DraftKings odds boosts and profit boosts can be limited to specific lines, wagering amounts, or final payouts.
Does DraftKings give you free money?
No, DraftKings does not give you free money. However, you can earn bonus bets that allow you to wager without spending any of your own money.
How do DraftKings bonus bets work?
DraftKings bonus bets allow you to make more wagers without spending any of your own money. You can apply bonus bets to your bet slip when building a wager, but note that any winnings you get with bonus bets do not include the original stake on payout.
Bonus offer availability varies by location and changes frequently. Please consult each sportsbook directly to confirm the availability of the promo offers featured on this page.
If you may be struggling with a gambling problem, please contact the national hotline at 1-800-GAMBLER to get help.
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.