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DraftKings Promo Code: Bet $5, Get $350 in Bonus Bets for New Users (June 2025)

Patrick Cwiklinski

By Patrick Cwiklinski

Updated:

Verified by: Paul Costanzo


draftkings promo code
DRAFTKINGS
SPORTSBOOK


Bet $5 & Get $300 in Bonus Bets If Your Bet Wins + $50 Deposit Bonus

LOCK IN PROMO
SIGNUP PROMO
BET $5
GET $350

GET PROMO

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 $300 in Bonus Bets If Your Bet Wins welcome bonus

I’m going to let you in on a little secret before we go any further: there is no DraftKings promo code. It might sound counterintuitive to the page you’re currently viewing, but you don’t actually need to input any promo code in order to take advantage of the current Bet $5, Get $300 Bonus.

The one important caveat you need to keep in mind for this welcome offer is the fact that you need to win your first bet in order get $300 in bonus bets. With that being the case, I would chuck a $5 minimum bet on the closest thing to a lock I could possibly find in order to get that first $300 in bonus bets.

Think a huge a favorite in any type of sports matchup. This isn’t really the time to play gunslinger and throw down a big bet with +2000 odds, but I promise not to judge you either way. We’re all friends here.

🧠 How The DraftKings Promo Works (The Simple Version)

  1. Register a new DraftKings Sportsbook account in a legal state that supports the sportsbook app 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.
  2. Deposit at least $5.
  3. 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. Receive $300 in Bonus Bets if your first bet is graded a win. No promo code is required.

This offer is set to expire on June 22, 2025. This page will be updated as soon as a new 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:

RequirementDetails
Minimum Deposit$5
Bet TypeFirst real-money wager
Odds RestrictionsYes — odds must be -500 or longer
Withdrawal RestrictionsBonus Bets not withdrawable; only winnings are withdrawable
ExpirationBonus Bets expire seven (7) days after being credited
LocationMust be in a legal DraftKings state that is geo-verified

🤫 Pat’s Tip: Since you only have to bet your minimum deposit of $5 in order to claim this offer, don’t feel the need to deposit more than that for your first bet. You’re obviously more than welcome to, but don’t feel pressure to deposit $20 or $50, you’ll get the same $300 in bonus bets for winning any $5 bet.


🧐 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 $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.

🦺 Best DraftKings Bet Today as a Novice New User

Goal: Keep things simple and low risk while activating the DraftKings promo

The Edmonton Oilers are back on home soil tonight after defeating the Florida Panthers in Game 4 of the Stanley Cup Final thanks to a clutch overtime goal from Leon Draisaitl. With the series tied 2-2 and the Oilers playing at home, I’m expecting a big game from none other than the Edmonton captain himself: Connor McDavid. I like McDavid to register 2+ points tonight against the Panthers at -125 odds. Whether it’s goals or assists, I think McDavid makes a mark tonight.

🤑 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 the Stanley Cup Final tonight, here’s a same-game parlay that might tickle your fancy with the Oilers hosting Game 5 at home:

LegBet
1Edmonton Oilers to Win (Moneyline)
2Edmonton Oilers to Win First Period (Moneyline)
3Edmonton Oilers to Register Over 3.5 Total Goals
SGP Odds+345

🎁 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.

StepsDetails
1. Sign up for a DraftKings accountUse real name, email, and SSN for ID check
2. Deposit $5 or moreMost payment methods qualify (debit, PayPal, etc.)
3. Bonus Bet is credited instantly$50 bonus bet shows in your bet slip balance
4. Place a bet using the bonusYou must use the bonus within seven (7) days
5. Keep any winningsYou can’t withdraw the $50, but you can withdraw any profit made with it

📋 Best DraftKings Promos Today

With the NBA Finals and Stanley Cup Final currently in play and plenty of other exciting games and events in the mix, here are the top promos for you to consider as a DraftKings Sportsbook user:

DraftKings PromotionsDetailsAvailability
🏒 Stanley Cup Game 5 SGP BoostOpt-in and get one (1) single-use Profit Boost Token to use on a 3+ leg Same Game Parlay for Game 5 of the Florida Panthers vs. Edmonton Oilers. Profit Boost percentages vary. Minimum total bet odds of +300 or longer.All Users
⚾ MLB Stepped Up ParlayOpt-in and get one (1) Stepped Up Parlay Token for any 4+ Leg MLB Parlay, Same Game Parlay, or SGPx bet. Minimum leg odds of -250 apply.All Users
🏌️‍♂️ US Open Mystery Profit BoostOpt-in and get one (1) Profit Boost Token Profit Boost Token each day of the the US Open. Mystery Profit Boosts are rewarded in 18%, 25%, and 50% increments. Minimum total bet odds of -250 apply. Profit boosts expire at conclusion of the tournament on June 15, 2025.All Users
🤑 DraftKings Jackpot PoolsAnswer question to get your portion of a $10,000 jackpot that grows with every pool entry that is added. Jackpot is paid out to users who get 15 answers correct.All Users

📋 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 $300 in bonus bets. Here’s a look at what DraftKings has to offer:

Promo NameOffer DescriptionKey RequirementsExpirationEligible Users
Profit Boost TokensDaily profit boosts (10–50%) on select games or parlaysOpt-in via “Promotions” tabDailyAll Users
No Sweat SGPGet a refund in bonus bets if your Same Game Parlay losesMinimum 3 legs, opt-in requiredOften DailyAll Users
NBA Bet & GetBet $10 on NBA, get $5 bonus betOpt-in, NBA markets onlyDuring NBA PlayoffsAll Users
MLB Daily Stepped Up SGPBoost payouts on SGPs with more legsOpt-in, MLB markets onlyDaily (MLB season)All Users
Parlay InsuranceUp to $10 back if one leg of a 5+ leg parlay losesOpt-in, 5+ leg minimumOngoingAll Users
Mission RewardsComplete daily/weekly betting missions to earn bonusesAuto-enrolled, check “Missions” tabWeekly refreshAll Users
Refer a FriendRefer a friend, get up to $100 in bonus betsReferral must deposit and wagerOngoingAll Users
Flash Bet SpecialsReal-time in-game betting boosts (e.g., “next drive result”)Usually found in live betting tabVaries per gameAll Users
Live Bet BonusesBet live, get bonus bets back based on activityUsually opt-in requiredVaries by promoAll Users
“Happy Hour” BoostsSurprise boosts at select times (usually 6–9pm ET)No opt-in needed, just check the promos tabRandom/dailyAll Users

🤫 Pat’s Tip: These promotions generally require an opt-in, so always check the “Promotions” tab in the DraftKings sports betting app 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.

TierTier Credits / YearDK Shop DiscountTier Credit RolloverDFS & Pick6 BoostSportsbook & DK Horse BoostCasino Game Boost (Week/Month)Additional Perks
Bronze0 – 4,9995%Basic access to promotions, Crown earning & redemption
Silver5,00010%Up to 4,00025%Tier-exclusive contests; small weekly prize chest
Gold25,00015%Up to 4,0002.5×50%Better contests; priority customer service
Diamond90,00020%Up to 15,00075%Large weekly prize chest; VIP events; annual sweepstakes entries; VIP host & support
Onyx175,000 + (Invite only)25%Up to 25,0003.5×100%Massive weekly chest; top-tier promotions; VIP host; Elite rewards & live events

🎯 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

SportsbookCurrent Offer
DraftKingsBet $5, Get $300 in Bonus Bets If You Win + $50 Deposit Bonus
FanDuelBet $5, Get $200 in Bonus Bets If You Win
BetMGMFirst Bet Up to $1,500 Back

🤫 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 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.

What happens if I deposit but don’t bet?

➡️ You won’t get the bonus. The wager is required to trigger 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 + $50 Deposit Bonus.

Patrick Cwiklinski
Patrick Cwiklinski

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.

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