DraftKings Sportsbook Promo Code: Bet $5, Get $300 If Your Bet Wins

DraftKings promo code
Bet $5, Get $300 If You Win
Terms & Conditions

GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/KY/NH/PR/WY). Void in NH/OR/ONT/PR. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings Sportsbook customer. Must register new account to receive reward Token. Must select Token BEFORE placing min. $5 bet to receive $300 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bet must settle by and Token expires 5/3/26 at 11:59 PM ET. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: sportsbook.draftkings.com/promos. Ends 4/26/26 at 11:59 PM ET.

Get Draftkings promos

DraftKings Sportsbook Promo Code: Bet $5, Get $300 If Your Bet Wins

The DraftKings Sportsbook promo code offer is a bet $5 and get $300 bonus if your bet wins. No promo code is needed at sign-up to unlock the bonus. Simply create a new account, make a deposit, select the bonus token, and make a bet of at least $5 with minimum -500 odds to receive the bonus. DraftKings will credit your account with $300 in bonus bets if your qualifying wager wins.

With the DraftKings Sportsbook promo code, claim the verified offer: Bet $5, Get $300 in Bonus Bets. Learn about the best DraftKings bonuses, how to claim promo codes, and terms and conditions.

All DraftKings Bonus Code Offers

Draftkings product Bonus type Bonus conditions Sign up link
Sportsbook offer Get $300 in bonus bets  Must select token before placing bet. Min. -500 odds required. Bonus awarded instantly. Token expires 05/03/26. Bonus Bets expire in 7 days. Stake removed from payout. Claim Offer
Online casino offer 500 free spins Free spins will be credited to your account instantly. Min $5 wager and spins can only be used on Cash Eruption game. Claim Offer
Fantasy Sports Offer Free $3 DFS entry  Qualified customers who complete the promotion requirements will receive one $3 ticket for a DraftKings Daily Fantasy contest entry. Claim Offer

What is the DraftKings Promo Code?

You don’t need to input a promo code to take advantage of the DraftKings welcome offer. All you need to do is create an account for the first time, deposit, select the bonus token before placing your bet, and bet $5 or more on any market you choose with minimum -500 odds. If your bet wins, you’ll get $300 in bonus bets automatically.

DraftKings Sportsbook Promo Summary

DraftKings bonus Bet $5, get $300 if your bet wins
Min deposit $5
Min wager $5
Eligible bet types All bet types
Eligible states AZ, CO, CT, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NC, NJ, NY, OH, PA, TN, VT, VA, WV, WY, DC
Mobile app iOS, Android ✅
Fantasy sports Yes
Last verified April 2026 ✅

DraftKings Welcome Bonus: Pros and Cons

The DraftKings promo code is one of the best US sportsbook welcome offers, thanks to its solid bonus amount of $300 if your first bet wins.

footballwhispers satisfied

Pros

  • + Solid bonus amount
  • + Bonus bets awarded as $25 bets rather than one large bonus credit
  • + Low minimum deposit and bet ($5)
footballwhispers satisfied

Cons

  • - Bonus bets expire after 7 days
  • - Can't break down bonus bets into any dividend
  • - Must meet minimum -500 odds requirement

How to Register with the DraftKings Promo Code

As mentioned above, the DraftKings promo code new user bonus is automatic. There is no actual code needed. All you have to do is follow these steps:

  1. Register for DraftKings
  2. Deposit $5 or more
  3. Select the bonus token, then make a wager of $5 or more (min. -500 odds)
  4. Your bonus bets will be credited to your account after your qualifying bet wins.

Your bonus bets will be credited to your account if your qualifying bet wins. Once received, these bonus bets must be used within 7 days (168 hours).

draft kings promo code bonus: Bet $5, get $300 if your bet wins

How to Make Your First Deposit with DraftKings

  1. Sign in to your account
  2. Select ‘Deposit’ from the top right of the home page
  3. Choose how much you want to deposit
  4. Add your payment information
  5. Confirm the transaction

DraftKings Sportsbook Promo Code Offers for New Customers

DraftKings Sportsbook Welcome Offer

The DraftKings promo code activates a $300 bonus when players deposit and win a $5 wager after signing up. No code is required to claim the DraftKings’ New Customer promo offer. You must select the bonus token before placing your first bet of $5+ with minimum -500 odds. The bonus bets are awarded after your qualifying bet settles as a win.

DraftKings Casino Promo Code Offer

Likewise, no DraftKings casino promo code is required to take advantage of the casino welcome offer. Instead, the DraftKings promo code new user bonus is automatically active.

Tips for Getting the Most Out of the DraftKings Bonus Code

  1. Claim the current welcome bonus
  2. Choose any market with odds of -500 or greater.
  3. Bet any amount you want as long as it’s at least $5 and odds are -500 or greater
  4. Select your bonus token before placing your qualifying bet
  5. Use your bonus bets before they expire (seven days)

Offers for Existing Customers

DraftKings doesn’t leave existing customers out to dry regarding promotions. Typically, players can access several ongoing promos that range from refer-a-friend offers to bet boosts and no-sweat bets. Here are the best current promotions for existing DraftKings users.

Refer a Friend Program: Grab Profit Boosts

DraftKings has a dynamic friend referral program for both the sportsbook and casino. Referred friends who deposit $25 – $49 qualify both of you for two 100% profit boosts. If they deposit $50 – $99, it’ll be five 100% profit boosts. If they deposit $100+ you both get ten 100% profit boosts.

Draftkings refer a friend

Loyalty Program

DraftKings has a solid loyalty program for its sportsbook and casino, Dynasty Rewards. Each wager earns users Tier Credits, which determine your account’s tier from Bronze up to Onyx, which has the most perks. Wagers also earn Crowns, which can be traded for prizes or bonus credits to bet with.

Parlay Boosts for Summer Sports

For popular summer sports markets like MLB and WNBA, DraftKings users can opt in to active promotions for parlay boosts. To receive the boost, every leg must be on a qualified game for that betting market.

  • WNBA Parlay Boost: 50% on a 4+ leg WNBA parlay, including SGP and SGPx (min. total odds +300 or greater)
  • MLB Parlay Boost: 25% on a 4+ leg MLB parlay, including SGP and SGPx (min. total odds +300 or greater; max. bet is $20)

Also, keep an eye on the promotions page daily for profit boosts for MLB, WNBA, soccer, tennis, etc. this summer.

SGP No Sweat Bets

DraftKings users can opt in to promos for No Sweat tokens to use on popular markets like the Wimbledon tennis tournament. Once you’ve opted in and applied your No Sweat Token,  you can bet on a Same Game Parlay with at least 3 legs for any matches at Wimbledon (each leg must have -200 odds). You’ll receive your stake back in bonus bets if your bet loses.

Sports Markets at DraftKings

DraftKings has many sports to choose from, each with a wide range of betting options. It’s not the most extensive list of sports, but you’ll find all you need and more if you’re a casual punter.

Here are some of the sports that DraftKings specializes in:

NBA

DraftKings is an official betting partner of the NBA, so you’ll see ads all over the place at NBA arenas or in mid-game commercials. DraftKings makes an effort to cater to diehard NBA fans with promos like profit boosts and odds boosts all the time during NBA season. Odds on NBA wagers tend to be competitive with the other top sportsbooks, but not for everything in the betting menu.

NHL

With plenty of props and creative ways to bet, DraftKings is well-equipped for NHL bettors. NHL is yet another official betting partner for DraftKings, so it’s no wonder that there’s a strong emphasis on hockey during the NHL season with promos and boosts every day, and generally competitive odds.

NFL

Another pro sport that DraftKings sponsors, NFL odds on DraftKings are normally quite good. Boosts and special offers are common during football season. The betting menu goes deep with tons of props and plenty of creative futures options. Also, you’ll see promos for teams that are local to your area (Denver Broncos for example if your account is registered in Colorado), and that goes for all of the sports mentioned here.

NBA Playoff lines at DraftKings sportsbook

 

DraftKings Bonus Comparison - FanDuel, Bet365, BetRivers

With so many sportsbooks to choose from, we thought we’d include a table that compares their current welcome offers. The following table looks at the welcome offer, its requirements and features, and the code (if necessary) to acquire the offers at DraftKings, FanDuel, Bet365, Caesars, BetMGM, and BetRivers.

Sportsbook Welcome Offer Bonus Amount Bonus Type Promo Code Wagering Period Minimum Deposit Link
DraftKings Bet $5, get $300 in Bonus Bets if you win $300 First bet must win NO CODE 7 days $5 Claim offer
FanDuel Bet $5, get $300 in Bonus Bets if you win $300 First bet must win NO CODE 7 days $5 Claim offer
Bet365 Bet $5, get $200 in bonus bets OR $1,000 first bet safety net $200 or $1,000 Bet & get/first bet insurance SPORTSMAX 7 days $10 Claim offer
Caesars Double your winnings next 10 bets 10 100% Profit boosts Profit boosts USBETFULL 14 days $10 Claim offer
BetMGM First bet safety net up to $1,500 $1,500 First bet insurance FWPLAY 7 days $5 Claim offer
BetRivers Second chance bonus bet up to $500 if first bet loses $500 Second chance bet PLAYMAX 14 days $10 Claim offer
Terms & Conditions: New customers only. Must be 21+ and present in eligible states. Min. deposit and qualifying bet required. Bonus bets are non-withdrawable, expire in 7-14 days, and stake is removed from payouts. Full terms apply at each sportsbook site.

Is the DraftKings or FanDuel Bonus Better?

For their April 2026 welcome offers, DraftKings and FanDuel both offer “Bet $5, Get” bonuses to new customers, but these offers differ significantly in their structure and requirements. DraftKings offers “Bet $5, Get $300 in Bonus Bets ” with a minimum odds requirement of -500.

You must select a bonus token before placing your qualifying bet, and the $300 in bonus bets is added after your wager settles as a win. FanDuel offers “Bet $5, Get $300 in Bonus Bets”, where your initial bet must also win to receive the bonus bets. However, FanDuel allows you to bet on any odds, so you could realistically bet on -5000 odds and give yourself a great chance to win the $300 in bonus bets.

DraftKings provides the bonus amount of $300 compared to FanDuel’s offer. But where these offers really diverge is in flexibility. At FanDuel, you can spend your $300 in bonus bets in any denomination you want over the next 7 days, giving you complete control over bet sizing.

At DraftKings, you’ll receive your $300 bonus in predetermined denominations that must be used accordingly, and you do not receive the bonus stake back in your winnings. For this reason, the FanDuel offer could be better if you’re interested in betting a lot of small-dollar parlays with full flexibility over how you split your bonus funds.

However, suppose you don’t mind structured bet amounts. In that case, DraftKings’ $300 offer provides a great bonus.

DFS + Casino: The whole DK experience

DraftKings DFS Overview

Having started as a fantasy sports platform, DraftKings has had years to develop its DFS product into one of the best in the world. Its current welcome bonus is 20% of your first deposit up to $500, plus a free $3 ticket.

With a modern design and a high average customer rating, DraftKings Fantasy Sports doesn’t disappoint. It offers plenty of seasonal promos, a wide range of payment methods, a very good loyalty program, and solid customer support.

DraftKings has a nice range of prize pools with prizes as low as $50 and others up to $200,000. There are also free daily fantasy pools for those who don’t want to invest anything, but these don’t have payouts.

How to Play Daily Fantasy Sports

Playing daily fantasy sports (DFS) is easy. Here’s how to do it:

  1. Pick a contest to participate in (your lineup will compete against others for prizes)
  2. Draft your lineup of players (stay within your salary cap)
  3. Watch how your chosen players perform in their real games (track teams through the app or site)
  4. Check the results and collect your winnings

For example, a group of ten friends might create their own league. Then they have a draft to collect players for their made-up teams. Each week their teams have different matchups. Participants accumulate points from the actual on-field performance and stats of the players they used to populate their fantasy lineups. Whoever gets the most player performance points by season’s end for their lineup wins.

DraftKings Online Casino Overview

DraftKings offers an online casino for CT, MI, NJ, PA, and WV players. The casino is packed full of options, with over 700 slot-style games, a nice selection of table games, and live dealer options.

The games come from top developers such as Red Tiger, Microgaming, and NetEnt.

Live dealer games include the following:

  • Roulette
  • Baccarat
  • Blackjack
  • Poker
  • Game Shows

DraftKings Payment Methods

DraftKings supports most of the usual payment methods. However, it does not support any form of crypto, for either deposits or withdrawals.

Payment Method Deposits Withdrawals
Online banking ✔️ ✔️
Visa ✔️
Venmo ✔️ ✔️
Mastercard ✔️
Maestro ✔️
Discover ✔️
PayPal ✔️ ✔️
Apple Pay ✔️ ✔️
Play+ ✔️ ✔️
Cash at casino ✔️ ✔️
Skrill ✔️
eCheck ✔️ ✔️
Check ✔️

Check out our extensive guide on how to withdraw money from DraftKings.

To summarize, withdrawals on DraftKings are faster than at some of their competitors. It depends on the deposit method you choose, but most withdrawal options take around one business day. Some options can even get you your money within a matter of hours.

Customer Support options

Registered users can take advantage of the 24/7 live chat option. For those who prefer to speak on the phone, there’s an option for callback. Response times are generally fast and customer service reps tend to be helpful.

I reached out to them on a Saturday through live chat and they attended to me within a couple of minutes. I was able to get all the answers I needed just through a live chat session.

Here’s how to get in touch with DraftKings:

  • Phone: Callback available through chatbot
  • Email: [email protected]
  • Twitter (X): @DKSportsbook
  • Live chat: 24/7

My Recap of Signing Up with the DraftKings Sportsbook Promo Code

DraftKings is one of the best sportsbooks and casinos out there. It has a beautiful and modern interface with various settings, a robust betting menu, and plenty of promos to take advantage of at any point in the month or year.

The DraftKings sign-up offer is one of the best sports betting offers. That’s because it’s a high-value bet-and-get offer for new winners. New players simply must select the bonus token and win a $5 bet to get $300 in bonus bets (minimum -500 odds required), typical at most US sportsbooks.

Sign up now and claim DraftKings’ new $300 customer offer today!

DraftKings Promo Code FAQ

There is no actual DraftKings $300 promo code needed for the new customer bonus. Simply create an account, select the bonus token, and make a wager of $5 or more with minimum -500 odds. You will receive $300 in bonus bets if your bet wins.

Since no actual code is needed, you do not need to input a code. The bonus will be automatically applied. You can click one of the links in this article to be brought to their signup page with the welcome bonus already locked in and ready.

Yes! The DraftKings sportsbook app is super easy to use, even if you are brand new to online sports betting. The app is highly responsive and has clear menu links to all sections, making it an attractive app to use. You can place bets on DFS events via the app too.

Yes, there are times when the DraftKings welcome offer for new customers can vary slightly depending on the state from which you are accessing it. The general offer at most DraftKings sportsbooks in April 2026 is “Bet $5, Get $300” if your bet wins. Be sure to read the full terms and conditions before accepting any DraftKings welcome offer.

Dynasty Rewards is DraftKings’ loyalty program where users earn Tier Credits with every wager they make. Credits determine your tier (ranging from Bronze to the VIP-favorite Onyx), unlocking perks like profit boosts and exclusive offers. Both sportsbook and casino bets contribute to rewards, and the types of bets you place can boost the amount of credits received.

Honesta John is a passionate and experienced gambling content writer with a particular interest in online casinos and sportsbooks. Her experience cuts the gamut from web content creation to casino, SEO, and editing. She has been producing copy for various reputable digital agencies and international websites since 2017, and has covered topics such as online casino reviews, sportsbook launches, casino bonuses, gambling news, and updates.