DraftKings $300 Promo Code: How to Get Your Bonus Instantly!

DraftKings Sportsbook is now giving new customers in select states (IA, IL, LA (select parishes), MI, NC, NJ, OH, PA, VT, WY) up to $300 in bonus bets INSTANTLY when they sign up and place their first wager.

But how exactly does the DraftKings $300 Sign Up Bonus work? Who's eligible to claim it? And are there any important terms and conditions you should be aware of? These are just a few of the questions we'll be answering here today!

In this article, we'll cover everything you need to know about the DraftKings $300 Promo Code and New Customer Offer. By the time we're finished, you'll have all the information you need to take advantage of this exciting offer while it's still available.

Now, let's dive right in!

DraftKings is now offering of the best sportsbook promotions in the online betting industry! And don't worry…we're here to tell you all about it.

If you sign up today and place a qualifying wager of $5 or more, you'll instantly get up to $300 in bonus bets. It doesn't matter if your first wager wins or loses; either way, you're guaranteed to walk away with a huge bonus in hand.

How Do I Get My $300 Bonus on DraftKings?

To claim your $300 bonus on DraftKings, follow these steps:

1. Sign Up: Create a new account on DraftKings, available in select states including IA, IL, LA, MI, NC, NJ, OH, PA, VT, WY.
2. Deposit: Fund your account with at least $5.
3. Place a Wager: Make a $50+ wager on any sport to receive the maximum $300 bonus. Lower wagers also qualify for bonuses: $5+ for $150 and $10+ for $200.

Upon meeting these requirements, DraftKings will credit your account with bonus funds to enhance your sports betting experience.

How Does the DraftKings New Customer Offer Work?

The DraftKings $300 New Customer Offer is pretty straightforward and easy to understand. However, it works a bit differently than the classic Bet $5 Get $150 or Bet $5 Get $200 promos at DraftKings Sportsbook

Here's a quick breakdown of how the “Get Up to $300 Instantly” sign-up promotion works:

• The DraftKings “Get $300 Instantly” promotion is valid between 6/24/2024 and 7/21/2024, and it's available in the following U.S. states: IA, IL, LA (select parishes, MI, NC, NJ, OH, PA, VT, and WY.
• The exact bonus amount awarded will depend on the size of your first wager. An initial bet of $5.00-$9.99 unlocks a $150 bonus, an initial bet of $10.00-$49.99 unlocks a $200 bonus, and an initial bet of $50.00+ unlocks the full $300 bonus.
• A minimum deposit of $5 is required, and the bonus bets are single-use only, non-withdrawable, and expire 7 days (168 hours) after issuance.
• Each bonus bet awarded is valued at $25. For example, a $300 bonus would come in the form of 12 individual bonus bets, each worth $25.

How Long Does It Take To Get $300 from DraftKings?

The DraftKings Sportsbook $300 Sign Up Bonus is paid out INSTANTLY. As soon as you sign up and place your first bet of $50 or more, you'll unlock $300 in bonus bets.

Unlike the Bet & Get promotions offered by other online sportsbooks in the U.S., DraftKings doesn't make you wait until your qualifying wager has been settled. You'll receive the $300 in bonus bets immediately upon placing any bet of $50+.

And the best part? It doesn't matter if your initial wager wins or loses; the full bonus amount is awarded either way, regardless of the outcome.

My Experience With the DraftKings Bet $5 Get $300 Promo

To make sure the DraftKings $300 Welcome Offer is 100% legitimate and delivers on its promises, I decided to try it out for myself…and boy was I in for a treat!

The sign-up process was quick and easy, making my first deposit was a breeze, and I was thrilled to see the $300 in bonus bets credited to my account instantly after placing my qualifying bet.

However, I would like to clarify that the new customer offer at DraftKings Sportsbook is best described as a “Bet $50 Get $300” promotion (rather than “Bet $5 Get $300”) since a $50+ wager is required to unlock the full $300 bonus amount.

Before we go any further, let's take a minute to discuss some of the most important terms and conditions associated with the DraftKings $300 New Customer Offer.

This will make sure you fully understand what you're getting yourself into and help to avoid any surprises further down the road!

Eligibility Criteria

First, there are three important criteria that you must meet to qualify for the DraftKings “Get Up to $300 Instantly” promotion:

• Location: First, you must be physically located in one of the following U.S. states: Iowa, Illinois, Louisiana, Michigan, North Carolina, New Jersey, Ohio, Pennsylvania, Vermont, or Wyoming. If DraftKings has already launched in your state but this promotion is not offered where you live, you can take advantage of the classic Bet $5 Get $150 promotion instead.
• Age: You must also be at least 21 years old (18+ in Wyoming). This will be confirmed when you complete the identity verification process.
• New User: Lastly, this offer is only available for new customers at DraftKings Sportsbook. If you've previously signed up and claimed a welcome offer on the platform, you will NOT be eligible.

Qualifying Wagers

As previously mentioned, the exact amount of your DraftKings bonus will depend on the size of your qualifying wager. Here's a breakdown of how much you can earn based on your initial bet:

This gives bettors more flexibility to choose the bonus that best fits their betting strategy and budget. 

Plus, we should mention that there is no minimum odds requirement for your qualifying wager, and you're free to bet on any sport or event available on DraftKings Sportsbook!

Wagering Requirements

There is just a 1x wagering requirement for the DraftKings “Get $300 Instantly” promotion.

This means you cannot immediately withdraw your bonus funds; however, as you place each $25 bonus bet your winnings become eligible for withdrawal.

As a result, you'll have an opportunity to turn your bonus funds into real cash winnings with minimal effort and without any unnecessary delays or complications.