DraftKings Promo Code – Bet $5 & Get $150 Offer for New Users
Last updated December 10, 2024
DraftKings Sportsbook continues to set the standard for online sports betting, combining a robust platform with generous promotional offers. The latest DraftKings $150 Promo Code offer allows new players to receive $150 in bonus bets with an initial $5 wager. In states like Arizona, Colorado, and Illinois, you’ll receive these bonus bets regardless of whether your first wager wins or loses. For players in other eligible states, a successful $5 qualifying bet is required to unlock the $150 reward, making this one of the most flexible and rewarding promotions available.
With years of experience analyzing sportsbook offers, we can confidently recommend DraftKings as a premier choice for bettors. Its user-friendly interface, extensive betting markets, and consistent bonus offerings make it a top destination for players across the United States. This article will guide you through the $150 promo, its terms, and how to maximize its benefits, ensuring you make the most of your DraftKings experience.
How To Get the DraftKings Promo Code - Bet $5 Get $150
To get $150 bonus on DraftKings, deposit at least $5 using any available banking method and place a qualifying $5 first bet on any sports market, bet type, or odds. If your bet wins, you’ll receive $150 in bonus bets, which can be used to place additional wagers on DraftKings Sportsbook.
What you need to know:
The DraftKings promo code is open to new customers aged 21+ (18+ in DC/KY) who are physically located in eligible jurisdictions, including DC, IA, KS, KY, LA (select parishes), MD, MI, NJ, NY, TN, VA, and VT. Customers who have redeemed pre-launch offers or have restricted accounts due to self-exclusion, employment, or other reasons are not eligible.
To participate, users must sign up for a new DraftKings Sportsbook account or use an account without prior deposits or bets, deposit at least $5, and place a $5 Qualifying Bet from their cash balance on any eligible market.
Qualified users who win their Qualifying Bet will receive $150 in Bonus Bets, issued as six $25 bets. These Bonus Bets are valid for seven days, are non-transferable, and do not include the stake in payouts—only the profit. Cashed-out bets do not count toward the promotion, and Bonus Bets cannot be combined with other rewards or used on all markets or promotions.
🎁 Bonus Promo Offer: | Bet $5, Get $150 If Your Bet Wins |
➕ DK Promo Code | None Needed - Click To Claim |
🇺🇸 Bonus Available in: | Bet $5, Get $150 Instantly in AZ, CO, CT, IL, IN, MA, ME, NC, OH, PA, WY (18+), or WV Bet $5, Get $150 If Your Bet Wins in DC, IA, KS, KY (18+), LA (select parishes), MD, MI, NJ, NY, TN, VA, or VT Void in ONT/OR/NH |
💲 Eligible bet types | Moneyline bets, Spread bets, Player props, Over/under bets, Same Game Parlays, Live bets, Traditional parlays |
💰 Minimum deposit: | $5 |
🗓️ Days to use bonus bets: | 7 days |
⭐ Promo Rating | 5/5 |
GAMBLING PROBLEM? CALL 1-800-GAMBLER, (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).
21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS).
1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $150 issued as non-withdrawable Bonus Bets if your bet wins. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/bball. Ends 1/5/25 at 11:59 PM ET. Sponsored by DraftKings.
Do you need a promo code from DraftKings?
The DraftKings $150 promo code is not required to claim their welcome bonus. New users can enjoy the "Bet $5, Get $150" offer by simply depositing a minimum of $5 and placing their first bet of $5 or more on any eligible market.
How do I get my bonus bets from DraftKings?
To receive and access your bonus bets on DraftKings, follow a few simple steps to ensure a seamless experience. Bonus bets are typically credited to your account after fulfilling the criteria of a promotion or offer. To view your bonus bets, navigate to the ‘Rewards’ section and select ‘My Rewards’ from your DraftKings account dashboard. Here, under ‘Available Rewards,’ you'll find all your current bonus bets listed, complete with their respective terms, including the expiration date and time. It’s crucial to read these details carefully to understand how and on what markets these bonus bets can be used, maximizing their potential. This system allows DraftKings to directly reward users directly, providing additional opportunities to bet and win across a wide range of sports and events.
How long does it take to get the 150 from DraftKings?
When participating in DraftKings promotions, such as the $150 bonus for a $5 bet, users typically receive promotional credits within 24 hours after their qualifying wager has settled. However, it's important to note that the process may take longer in some instances due to the time required for comprehensive accounting and verification. DraftKings ensures that all bonuses are credited as soon as possible, keeping transparency and user satisfaction as top priorities.
How Does The DraftKings Promo Compare?
How to Claim the DraftKings Bet $5 Get $150 Promo
Unlocking $150 in bonus bets on DraftKings Sportsbook is a straightforward process designed for new users.
First, sign up to create a new DraftKings account, ensuring you're a first-time user.
Next, make an initial deposit of at least $5 into your account, setting the stage for your first bet. Here are all the deposit options:
Payment Method | Description | Processing Time |
Credit/Debit Card | Visa, MasterCard, Discover | Instant |
PayPal | Secure online payments | Instant |
Bank Transfer | Direct transfer from bank account | 2-5 Business Days |
DraftKings Play+ Card | Prepaid card exclusive to DraftKings | Instant |
PayNearMe | Cash payments at retail locations | 15 Minutes |
Wire Transfer | High-value transfers | 5-7 Business Days |
Cash at Casino Cage | Direct cash deposit at partner casinos | Instant |
Then, place a wager of $5 or more on any sports event of your choosing.
Regardless of the outcome of this initial wager, DraftKings rewards you with bonus bets, giving you a substantial boost to explore a wide array of betting opportunities. This offer ensures new members can dive into sports betting with an enhanced experience, offering a significant advantage from the very beginning.
DraftKings vs FanDuel
Choosing between FanDuel and DraftKings depends on what you value in a sports betting platform. FanDuel consistently offers better odds on a variety of sporting events, making it a top choice for bettors focused on value. In contrast, while offering competitive odds, DraftKings offers a great online casino far better than the Fanduel Casino.
DraftKings vs BetMGM
BetMGM and DraftKings sportsbooks both stand out in the online betting landscape. BetMGM is giving a first-bet paid-back offer, and DK offers a more attractive bet-and-get offer that is more valuable to your initial betting experience. However, DraftKings gains an advantage with & 1mo NFL+ Premium on DK. This makes DraftKings attractive for regular bettors seeking consistent value and varied betting experiences.
Sqore.com Rating of the Bet $5, Win $150 Bonus from DraftKings
Is the DraftKings new customer offer as good as it looks? To put it short, yes, it is. Let's look at different bet parameters and get a bonus.
- Comparing the bonus to similar available bonuses
- Bet and Get offers are hugely popular in the US and DraftKings have been leading the way with the Bet $5 Get $150 offer. Fanduel, Bet365, and BetMGM are examples of other sportsbooks that usually offer similar bet-and-get offers. The DraftKings Bet $5 Win $150 is currently one of the best offers you can claim in any state where online sports betting is legal.
- Actions needed to maximize bonus amount
- This promo is very easy to claim. There is no need for a promo code; users just need to sign up with DraftKings using the links provided on this page, make a deposit, and place their first bet on any matchup of their choice.
- Looking at the Terms and Conditions
- The bonus terms are fair. The promo is only for new customers, and you have 7 days to use your 6 x $25 bonus bets, which should be enough time to use your bonus money.
The Verdict
Overall, this is one of the best bonus offers across the United States. No further comments are needed!
⭐ Sqore Promo Rating | ⭐⭐⭐⭐⭐ 5/5 |
What States Allow DraftKings?
DraftKings is one of the most widespread sportsbooks in the US. Check the table below to see where DraftKings is legal.
State | DK Sportsbook | DK Casino | Launch Date | Retail Partner |
Arizona | ✅ | September 2021 | TPC Scottsdale | |
Colorado | ✅ | May 2020 | Mardi Gras Casino (Black Hawk) | |
Connecticut | ✅ | ✅ | October 2021 | Foxwoods Resort Casino |
Illinois | ✅ | August 2020 | DraftKings at Casino Queen | |
Indiana | ✅ | October 2019 | Ameristar Casino | |
Iowa | ✅ | February 2020 | Wild Rose Casino | |
Kansas | ✅ | September 2022 | Boot Hill Casino & Resort | |
Kentucky | ✅ | September 2023 | ||
Louisiana | ✅ | January 2022 | Golden Nugget Hotel & Casino Lake Charles | |
Maine | ✅ | November 2023 | Passamaquoddy Tribe | |
Maryland | ✅ | November 2022 | Maryland State Fairgrounds | |
Massachusetts | ✅ | March 2023 | N/A | |
Michigan | ✅ | ✅ | January 2021 | Bay Mills Resort & Casino |
New Hampshire | ✅ | December 2019 | The Brook Casino, Filotimo Casino | |
New Jersey | ✅ | ✅ | September 2018 | Resorts Casino |
New York | ✅ | January 2022 | del Lago Resort & Casino | |
North Carolina | ✅ | March 2024 | N/A | |
Ohio | ✅ | January 2023 | Hollywood Casino Toledo | |
Oregon | ✅ | January 2022 | N/A | |
Pennsylvania | ✅ | ✅ | November 2019 | Penn Interactive |
Tennessee | ✅ | November 2020 | N/A | |
Virginia | ✅ | January 2021 | N/A | |
West Virginia | ✅ | ✅ | August 2019 | N/A |
Wyoming | ✅ | September 2021 | N/A |
Does DraftKings have any promos in these states?
Yes, DraftKings offers various promotions for both new and existing customers. One of its current promotions includes offering new customers $150 in bonus bets when they place a bet of $5 or more. New customers can 1mo NFL+ Premium on DK. DraftKings frequently updates their promotions, so it's advisable to visit their website to stay up-to-date on the latest offers and deals.
About DraftKings
DraftKings Sportsbook, an eminent digital betting site, originated as a premier daily fantasy sports entity; it has evolved into a comprehensive sports betting and online casino operator.
The platform caters to a broad spectrum of sports, encompassing football, basketball, baseball, hockey, soccer, golf, and tennis. It provides an extensive range of betting modalities such as spreads, moneylines, over/unders, and proposition bets, catering to diverse betting preferences.
A distinctive feature of DraftKings Sportsbook is its live betting capability. It enables users to engage in bets during the live action of events, thus adding a dynamic dimension to the betting experience. The platform is distinguished by its intuitive user interface, promotional offers and bonuses, and a well-structured loyalty program designed to reward its dedicated clientele.
Geographically, DraftKings Sportsbook's presence is notable in all U.S. states where online sports betting is legally sanctioned, marking its expansive and compliant operational footprint.
Feature | Details |
Mobile App | Available on iOS and Android platforms |
Sports Markets | Includes NFL, NBA, MLB, soccer, golf, MMA, and others |
Bet Varieties | Offers moneyline, point spread, over/under, props, futures, parlays, etc. |
In-Play Betting | Available, providing live wagering options |
Loyalty Program | Dynasty rewards program for regular users |
Referral Incentives | Rewards vary based on the referred product |
Payment Options | Includes credit/debit cards, PayPal, ACH, online bank transfers, etc. |
Customer Support | Accessible via email, live chat, and a comprehensive FAQ section |
Responsible Gambling | Tools for limit setting and self-exclusion are available |
Security Measures | Employs SSL encryption and stringent data protection protocols |
FAQ on the DraftKings Bet $5, Win $150 Promo
In which states can I claim the DraftKings Bet $5, Win $150 promotion?
DraftKings Sportsbook is currently available in the following U.S. states: AZ, CO, CT, IL, IN, IA, KS, KY, LA(select parishes), MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY only. Void in ONT/OR/NH.
How old do I need to be to register with DraftKings?
You need to be at least 21 years of age to register with DraftKings Sportsbook.
Do I need a promo code to claim the DraftKings Bet $5, Win $150 Promo?
No, you do not need a promo code to claim this offer. You can use promo code SQORE, but this is optional as the promo will trigger without using a promo code!
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