DraftKings Promo Code Bet $5, Get $300 in Bonus Bets!

Bet $5, Get $300
in Bonus Bets
4.9
Overall
Bonuses & Promos
4.9
Banking
4.8
Odds
4.7
Same-game parlay options
4.8
Mobile app
4.8
Live betting
4.7
Welcome Bonus
Banking Options
Strong App

This September, sign up for a new sportsbook account with DraftKings to claim $300 in bonus bets when you make a single $5 bet. A DraftKings promo code is not required to unlock this exclusive sign-up bonus. Plus, you get a one-month NFL+ Premium subscription for free AND get your first deposit matched 20% for up to $1,000. For the $300 bonus you get a $50 bonus bet when you make your initial deposit and another $250 in bonus bets when you make your first cash bet for $5 or more. Those bonus bets come as 10 $25 bonus bets.

This special offer will be gone after Week 1 of the NFL season, so sign up with DraftKings Sportsbook today to claim your $1,300 sign-up bonus.

DraftKings Sportsbook’s $1,300 Welcome Bonus

The current DraftKings welcome bonus for Gaming Today readers is worth up to $1,300. The most appealing part of the bonus, though, is the $300 in bonus bets you’ll get when you place your first bet for $5 or more in cash. Here’s how it all breaks down:

  • You get a $50 bonus bet when you make your first deposit (minimum $5).
  • You get $250 in bonus bets (10 x $25) and a one-month NFL+ Premium subscription when you make your first bet for $5+ in cash.
  • You get your first deposit matched 20% for up to $1,000. This comes with a 25x playthrough requirement, which you have 90 days to clear.

New users get their first deposit matched 20% for up to $1,000 at DraftKings Sportsbook.

App preview

 

DraftKings Promo Code Details & Eligibility

DraftKings Promo CodeClick to claim DraftKings Promo
Total Value $1,300
Bonus Format• $50 bonus bet with first deposit (min. $5)
• $250 in bonus bets with first $5 cash bet
• One-month NFL+ Premium subscription with first $5 cash bet
• 20% deposit match up to $1,000
Minimum Deposit$5
Bonus Terms & Conditions• Real money deposit of $5 or more is required to activate the bonus offers
• $50 deposit bonus is awarded as one single bonus bet token
• $250 first bet bonus is awarded as in $25 bonus bet increments
• Deposit match bonus comes with 25x playthrough requirement, which you have 90 days to meet
• Bonus bets are not withdrawable and expire seven days after receipt
Payment OptionsCredit card, eCheck, PayPal, Play+, Skrill, wire transfer, cash at partner casino
Eligible StatesAZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NH, NJ, NY, NC, OH, PA, TN, VT, VA, WV & WY
Offer ExpiresAugust 31, 2024

How To Claim the  $1,300 Bonus at DraftKings Sportsbook

In our experience, claiming the DraftKings welcome bonus is a very straightforward process.

1

First, click on one of the links on this page to the DraftKings site.

2

Then, click on the bright green “Sign Up” button. Fill out the registration form with your personal information and verify your identity. Remember that you don’t need a DraftKings promo code to get the bonus.

3

The next step is to make a deposit. With any deposit of $5 or more, you’ll unlock an exclusive $50 bonus bet courtesy of Gaming Today. However, you may want to deposit more since your first deposit automatically qualifies for a 20% deposit match. That means if you make an opening deposit of $200, you’ll receive a $50 bonus bet plus be eligible for $40 DraftKings bonus cash.

4

The last step is to make your first bet. When you make your first real money bet for $5 or more on any market, DraftKings will instantly credit your account with $250 in bonus bets and you’ll get a one-month subscription to NFL+ Premium. Paired with the deposit bonus that gets you $300 in bonus bets, after making a single $5 bet.

To claim this bonus package, sign up, deposit, and make your qualifying wager before 11:59 p.m. ET on August 31, 2024. Bonus bets are not eligible for withdrawal and expire after seven days, and deposit match funds must be played through at a rate of 25:1 to release them.

Maximizing Value From Your DraftKings Promo Code Offer

The DraftKings welcome bonus has three parts, which can be intimidating for some new bettors. Fortunately, in our experience, taking advantage of the $1,300 welcome offer at DraftKings is a smooth and easy process. Here are some tips to help you out.

First, be sure to use a sign-up link on this page to unlock the exclusive $50 sign-up offer for Gaming Today readers. This will ensure you get credited with a $50 bonus bet token when you deposit $5 or more. If you sign up without clicking a link on this page, you’ll miss out on this part of the bonus.

The next key is to take advantage of your first deposit since it will automatically qualify for the deposit match bonus (no need to opt in). The maximum deposit match is $1,000, but remember that you only get 20% of your deposit matched in bonus bets. That means you must make a $5,000 real money deposit to get the full $1,000.

On top of that, there’s a 25x playthrough requirement attached to any bonus funds you receive from the 20% deposit match. For example, depositing $500 earns you are eligible for $100 in matching funds. However, to get any of that $100 you need to start wagering your own money. For every $25 in qualifying bets you place, $1 in bonus cash will be released into your account. To get the entire $100, you’ll need to make $2,500 in qualifying bets. You have 90 days to meet the playthrough requirement, but it can still be difficult to do, so it’s important to keep it in mind when deciding how much to deposit.

The last (and best) part of the bonus comes when you make your first wager. Put down any cash wager for $5 or more, and DraftKings instantly adds $250 in bonus bets into your account. You’ll receive this as 10 $25 bonus bet tokens. These need to be wagered within seven days. While you won’t receive the bonus bets back in any payouts, the winnings from the bet will be automatically available in your withdrawable balance.

Sportsbook Showdown: DraftKings vs. FanDuel vs. Caesars and More

SportsbookDraftKingsCaesarsFanDuelBetRiversFanatics
Bonus Value $1,300$1,000$200$500$1,000
Bonus Format$50 bonus bet + 20% deposit match up to $1,000 + bet $5, get $150Get a refund up to $1,000 if your first bet losesBet $5, get $200 if your bet winsSecond chance bet if your first bet losesFirst bet match up to $100 daily for ten consecutive days
Minimum Deposit$5$10$10$10$5
Minimum Wager$5$5$5N/A$5 (Max. $100)
How Long for Bonus Funds to Expire7 days14 days7 days30 days7 days
Our Rating4.7/54.6/54.4/54.5/54.4/5

Why DraftKings Ranks Among Top US Sportsbooks

For years, DraftKings has been one of our favorite online sportsbooks. We’re especially big fans of the DraftKings app, which is available for both iOS and Android and is one of the highest-rated sportsbook apps in the country. DraftKings also offers frequent bonuses for returning customers, including its Dynasty Rewards program.

DraftKings is available in these states, Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, and Wyoming, plus Washington, DC, its most recent addition. Users in all states can claim a welcome bonus when signing up using a link on this page, though the exact terms can vary by state.

Check out our full DraftKings Sportsbook review for more information about how DraftKings stacks up against the competition. There, we’ll tell you everything you need to know about the DraftKings platform, including how to sign up, its strengths, and where it could improve.

Other Promotions at DraftKings

DraftKings offers more promotions than just its welcome bonus. If you’re a regular at DraftKings, you’ll be able to claim a variety of boosts and bonuses on a rotating basis. Here are a few of the recurring promos that you can claim at DraftKings:

MLB Stepped Up Parlay

Put down a parlay, SGP, or SGPX on an eligible MLB game, and you’ll receive a profit boost. The more legs you add, the bigger your boost will be. If you add the full 10 legs to your parlay, you’ll get a 100% profit boost.

DraftKings Jackpot Pools

Answer 15 prediction questions daily to enter a jackpot pool starting at $10,000. If you get all 15 correct, you’ll win a share of the jackpot, along with anyone who went 15/15. If nobody gets 15/15, the jackpot pool grows and rolls over to the next day.

NFL Survivor Pools

Get signed up with DraftKings Sportsbook before Week 1 of the NFL season and join a season-long survivor pool. Each week, pick a team to win, and if they do, move on. Miss one game, and you’re out. You’ll find some survivor pools that pay out $1,000,000 to first place.

Why You Should Claim DraftKings’s First Bet Bonus Today

The DraftKings welcome bonus is one of the best on the market, especially when you take advantage of the exclusive $50 bonus bet for Gaming Today readers. Between that and the “Bet $5, Get $250” offer, you’ll earn a guaranteed $300 in bonus bets with just a $5 real money investment.

On top of that, you’re also entitled to a 20% matching bonus on your first deposit of $5 or more, up to a maximum match of $1,000, for a grand total of $1,300 in bonus bets up for grabs. This puts the DraftKings welcome bonus near the very top of our overall welcome bonus rankings.

To claim the DraftKings welcome bonus, simply use a link on this page to register. There’s no promo code required to unlock the offer, so simply click here, fill out the registration form, and get started with a deposit of $5 more.

DraftKings Promo Code FAQs

What is the DraftKings NFL promo code?

You don’t need a DraftKings promo code to claim any of the current sign-up offers. Sign up with DraftKings Sportsbook at GamingToday to claim an exclusive offer worth up to $1,300. When you do you’ll get:

  • A $50 bonus bet after making your first deposit.
  • $250 in bonus bets after making your first cash bet for $5 or more.
  • A month-long subscription to NFL+ Premium for free after making your first cash bet for $5 or more.
  • Your first deposit matched 20% for up to $1,000. This comes with a 25x playthrough requirement, which you have 90 days to clear.
Who is eligible for the DraftKings Sportsbook sign-up bonus?

The DraftKings sign-up bonus is available to all new users in these locations: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, Washington DC, West Virginia, and Wyoming.

Do you need a DraftKings promo code?

No, unlike some online sportsbooks, DraftKings does not require a promo code to unlock its new user bonus.

About the Author
Carson Mundy

Carson Mundy

Brand Content Manager
Carson Mundy is the brand content manager of Gaming Today. With a background in politics, sports, and SEO, he covers the legislative side of the sports betting industry. Carson has more than a decade of experience in the media and marketing industries, with time spent at resulta, The Canadian Press, Microsoft News, The Canadian Olympic Media Broadcast Consortium, Sportsnet, and other national outlets.

Get connected with us on Social Media