DraftKings $300 Promo Code: New User Offer In Select States

Last updated June 24, 2024

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!

🎁 Bonus Promo Offer:Bet $5, Get $150 Instantly in AZ, CO, CT, IN, KS, KY, MA, MD, ME, NY, TN, VA or WV or Get $300 Instantly – Reward depends on amount of first bet in IA, IL, LA(select parishes), MI, NC, NJ, OH, PA, VT, WY
🇺🇸 $150 Bonus Available only in:AZ, CO, CT, IN, KS, KY, MA, MD, ME, NY, TN, VA or WV
🇺🇸 up To $300 Bonus Available only in:IA, IL, LA(select parishes), MI, NC, NJ, OH, PA, VT, WY
💰 Minimum deposit:$5
🗓️ Days to use bonus bets:7 days
Promo Rating5/5

DraftKings $300 Promo Code

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 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.

How To Get Up to $300 in Bonus Bets at DraftKings Sportsbook

Steps for Claiming the DraftKings $300 Instant Bonus

Are you ready to sign up and use our exclusive DraftKings $300 promo code to unlock a huge welcome bonus? Just follow the five simple steps outlined below!

1 Visit the Website

First, click here to visit DraftKings Sportsbook on your iPhone, iPad, or any other device of your choice.

2 Create an Account

Once you reach the site, tap the “Sign Up” button to begin registering for an account. You'll then just need to enter some basic information about yourself and complete the quick account verification process by following the on-screen instructions provided.

3 Make Your First Deposit

After that, it's time to make your first deposit. Tap the “Deposit+” button in the top right corner of your screen, choose your preferred method of payment (debit/credit card, PayPal, etc.), select or enter the amount you'd like to deposit, and confirm the transaction.

4 Place a Qualifying Wager

Once you've added some funds to your DraftKings account, go ahead and place a qualifying wager (5+, $10+, or $50+) to unlock up to $300 in bonus bets instantly.

5 Receive Your Bonus

Now, you're all set! The bonus bets will be immediately added to your account and available for use. Enjoy!

Claim My DraftKings $300 Bonus
GAMBLING PROBLEM? CALL 1-800-GAMBLER (1-800-426-2537) (AZ, CO, IA, IL, IN, KS, KY, LA, MD, ME, MI, NC, NH, NJ, OH, OR, PA, TN, VA, VT, WV, WY), (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. Call 888-789-7777/visit ccpg.org (CT), or visit www.1800gambler.net (WV). 21+. Eligibility restrictions apply.

Terms & Conditions for the DraftKings "Get $300 Instantly" Promo

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:

Initial BetBonus Amount
$5 or more$150 in Bonus Bets
$10 or more$200 in Bonus Bets
$50 or more$300 in Bonus Bets

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.

DraftKings Bet $5 Get $300 Promo FAQ

What is the DraftKings $300 New Customer Offer?

The DraftKings $300 New Customer Offer is a promotion where new users can receive up to $300 in bonus bets after signing up and placing their first wager on DraftKings Sportsbook. The bonus amount depends on the size of your initial bet: $5 or more unlocks a $150 bonus, $10 or more unlocks a $200 bonus, and $50 or more unlocks the full $300 bonus.

Who is eligible for the DraftKings $300 Bonus?

The DraftKings $300 sign-up bonus is available to new customers physically located in one of the following U.S. states: Iowa, Illinois, Louisiana, Michigan, North Carolina, New Jersey, Ohio, Pennsylvania, Vermont, or Wyoming. You must also be at least 21 years old (18+ in WY).

When do my bonus bets expire at DraftKings?

Bonus bets expire seven days (168 hours) after issuance at DraftKings Sportsbook. Therefore, we encourage you to place your bets quickly to make the most of your bonus bets and avoid letting them go to waste.

Do you need a promo code for the DraftKings New Customer Offer?

No, you do not need to enter a specific promo code to unlock the $300 bonus at DraftKings Sportsbook. Instead, you can opt in automatically by using the links we've provided throughout this page to sign up, make your first deposit, and place a qualifying wager.

Peyton Powell
Peyton is an huge sports fan and a graduate of the University of Louisville. He has always enjoyed playing, watching, and betting on sports. Born and raised in Kentucky, a state without any professional sports teams, he had to find teams to cheer for away from home. Peyton's favorite teams include the Los Angeles Lakers, Baltimore Ravens, and Boston Red Sox.