DraftKings Promo for New Users – Bet $5 & Get $200 If Your Bet Wins
Last updated September 30, 2025
This is a high-value welcome offer for new DraftKings customers. You bet $5 on a heavy favorite (minimum odds of -500), and if that bet wins, you receive a very generous $200 in bonus bets if your bet wins.
The best part of DraftKings’ $200 promo is that the bonus is paid out in eight smaller $25 bets, not a lump sum.
Who Can Claim the DraftKings $200 Promo?
The $200 promo is open to new users of legal age who place bets inside eligible states, but some accounts are restricted.
✅ Eligibility:
- New customers only
- Must be 21+ (18+ in DC and KY)
📍 Location:
- Must be physically inside one of these states:
DC, IA, KS, KY, LA (select parishes), MD, MI, NJ, NY, TN, VA, VT
🚫 Not eligible if:
- You already redeemed a pre-launch bonus
- Your account is restricted because of self-exclusion, employment rules, or other limits
The Good and the Not-So-Good of DraftKings’ Bet $5 Get $200 Bonus
Why this promo works for new bettors:
✅ Big upside
Risk $5 and walk away with $200 in bonus bets if your bet wins. That kind of return is hard to find anywhere else.
✅ Smart first step
The design of the promo points new players toward safer picks. Betting on a strong favorite makes sense here. The $5 itself won’t bring much profit, but it unlocks the real reward.
✅ Low risk
The most you can lose upfront is $5. That’s the buy-in for a chance at a much bigger stack of bonus bets.
✅ Good lesson
The structure teaches beginners a valuable habit: look for value, not just a quick win. A small stake on heavy odds builds the path to the $200, which is the real goal.
What’s not so great about the DraftKings $200 bonus:
❌ No stake returned
Like most bonus bets, only the profit is paid out. For example, if a $25 bonus bet wins at +200, you collect $50, but the $25 itself is not added back.
❌ Short window
All bonus bets expire in seven days. That means finding a dozen different wagers in a week, which can feel rushed if you prefer to be selective.
👉 Editor’s note
This promo works because the upside is clear and the risk is almost nothing. A chance to turn $5 into $200 in bonus bets is pretty uncommon in sports betting. It also guides new players toward safer bets and teaches the kind of habits that matter over time.
The seven-day clock on the bonus bets forces you to stay active. The bonus stake itself isn’t returned, which is common practice, but beginners should be clear on that.
Even with those limits, the value stands out. Losing $5 is about as small a risk as it gets, while the chance to build $200 in bonus bets gives players plenty to work with. For most newcomers, the trade-off is well worth it.
How To Get the Most Out of the DraftKings $200 Bonus
Think of this deal in two parts. First you unlock the bonus bets. Then you figure out how to use them in a way that makes sense.
Step 1: The qualifying bet ($5)
🎯 Goal: Place a $5 bet to trigger the bonus bets. The first bet has to win for you to get your bonus bets.
🧠 Best move: Look for the safest moneyline you can find that meets the -500 odds limit.
🚫 Avoid: Parlays or spreads. Keep it simple and stick to one side winning outright.
Step 2: Using the 8 bonus bets ($25 each)
🎯 Goal: Turn bonus bets into real cash you can withdraw.
🧠 Best move: Since the stake is not returned, bonus bets carry more value on plus-money underdogs (+100 or higher). The math works out better this way.
📝 How to play it:
- Spread the bonus bets on matchups or underdogs where the outcome feels possible
- Target odds in the +150 to +300 range
- Even if only 3 or 4 of those bets hit, you can end up with more cash than if you play it safe on heavy favorites
| 🎁 Bonus Promo Offer: | Bet $5, Get $300 in Bonus Bets If Your First Bet Wins + 3 Months of NBA League Pass |
| ➕ Code | None Needed - Click To Claim |
| 🇺🇸 Bonus Available in: | AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA (select parishes), MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY or WV |
| 💲 Eligible bet types | Moneyline bets, Spread bets, Player props, Over/under bets, Same Game Parlays, Live bets, Traditional parlays |
| 💰 Minimum deposit: | $5 |
| 📊 Minimum odds: | -500 for qualifying wager |
| 🗓️ 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). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. Must register new DraftKings account to receive reward Token. Must select Token BEFORE placing min. $5 bet to get 1 promo code to redeem 3-month NBA League Pass subscription, complimentary of DraftKings, and get max. $300 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bonus Bets expire in 7 days (168 hours) and stake removed from payout. Token expires 11/23/25. Terms: sportsbook.draftkings.com/promos. NBA League Pass: Subscription auto-renews monthly at then-current price (currently $16.99/mo); cancel anytime. Terms, restrictions, and eligibility requirements apply. Redeem League Pass by 12/19/25 at 11:59 PM ET. Addt’l terms:https://support.watch.nba.com/hc/en-us/articles/9165532876183-League-Pass-Terms-of-Use_. Offer ends 11/16/25 at 11:59 PM ET. Sponsored by DK.
Good to Know About DraftKings Sportsbook New User Offer
🔑 Do you need a code from DraftKings?
No. There’s no code required. Just deposit five bucks, place a $5 bet, and the bonus is yours.
🎁 How do I get my bonus bets from DraftKings?
The bonus bets show up in your account once you’ve made the first bet and it settles as a win. You’ll find them under Rewards → My Rewards. Each one lists when it expires and any rules tied to it. Check that section so you don’t miss using them in time.
⏱️ How long does it take to get the $200 Bonus Bets from DraftKings?
The $200 in bonus bets usually shows up in your account within 24 hours after the first wager is graded as a win. Sometimes it can take a little longer if DraftKings is still confirming the bet, but they usually hit pretty quickly.
How to Claim the DraftKings Bet $5, Get $200 Promo
New users can grab $200 in bonus bets at DraftKings with an easy sign-up process.
Start by creating a new DraftKings account, as long as 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.
If your bet wins, the bonus bets are added to your account. It’s a simple way for beginners to explore sports betting with a little boost.
How Does The DraftKings Promo Compare?
🆚 DraftKings vs FanDuel
FanDuel often posts slightly stronger odds on many games, which can matter if you’re chasing long-term value.
The casino is where DraftKings pulls ahead. The game selection and setup are stronger than FanDuel’s, so it is the better choice if you want both sports betting and casino play.
🆚 DraftKings vs BetMGM
Both are strong books with good reputations. BetMGM leans on its “first bet paid back” deal, while DraftKings gives a straight bet-and-get bonus.
For most new users, the DraftKings promo feels more rewarding at the start since you get bonus bets right away. That gives a smoother entry into betting compared to waiting on how the first bet plays out.
📋 DraftKings vs FanDuel vs BetMGM at a glance
| Sportsbook | Promo style | What stands out |
| FanDuel | Bet $5 Get $150 (varies) | Often stronger odds |
| DraftKings | Bet $5 Get $200 | Bigger casino, more upfront value |
| BetMGM | First bet paid back (up to $1,500) | Safety net for bigger first bets |
Sqore.com Rating of the Bet $5, Win $200 Bonus from DraftKings
🤔 Is the DraftKings new customer offer as good as it looks?
Short answer: yes. Here’s why.
📊 How it compares
Bet-and-get promos are among the most popular in the U.S. DraftKings has set the bar high with its Bet $5 Get $200 deal. FanDuel, Bet365, and BetMGM run similar promos, but DraftKings currently gives one of the strongest returns for new users in legal states.
📝 How to claim it
- No code required
- Sign up for a new DraftKings account
- Deposit at least $5
- Bet $5 on any market that qualifies.
That’s all it takes to unlock the $200 in bonus bets.
📅 The terms
- For new customers only
- Paid out as eight $25 bonus bets
- Bonus bets expire after 7 days
The window is short, but a week is usually enough to place eight wagers.
👉 Editor’s verdict
The best part of this offer is its simplicity. You risk only $5, and in return you get $200 in bonus bets to work with. It’s not common to see a promo that asks for so little but gives so much back.
Sure, having the bonus split into eight parts makes it less flexible, and with only a week to use them you have to be active. But compared to what’s out there, these are small drawbacks. The value you get up front outweighs the downsides.
For a new bettor, it’s one of the cleanest entry points in the market. There’s no code to worry about, no complicated rules, and no hidden traps. Just $5 down for a real chance to build a betting balance. That’s why many experts see it as the best starter bonus in the country right now.
| ⭐ 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 runs promos for new and regular players in these states. Right now, new users can get $200 in bonus bets by placing a $5 wager. The promos change often, so check the site for the latest deals.
About DraftKings Sportsbook
DraftKings Sportsbook started out as a daily fantasy sports site and grew into one of the biggest names in legal sports betting and online casino play in the U.S. Today, it is listed on the NASDAQ and works with major sports leagues, which shows how far it has come from its early days.
⚽ Sports you can bet on
DraftKings covers just about every major sport:
- Football
- Basketball
- Baseball
- Hockey
- Soccer
- Golf
- Tennis
There are also markets for UFC, cycling, darts, cricket, and more, depending on the season. Betting types range from spreads and moneylines to totals, props, and futures.
📺 Live betting
Live betting is one of DraftKings’ strongest features. You can place wagers while the game is in motion, and the odds adjust in real time. Cash-out options are also built in, which lets players settle bets early if they want to lock in a profit or cut a loss.
🎁 Promos and rewards
DraftKings runs steady promos for both new and regular players. Odds boosts, bet-and-get deals, and parlay boosts show up often. The loyalty program, called Dynasty Rewards, gives points on every bet that can be used for bonuses, free bets, or even VIP perks.
📍 Where it’s legal
DraftKings is available in every U.S. state where online sports betting is legal. It is fully licensed in each market, which means bets are regulated and payouts are secure. All in all, DraftKings is live in more than 20 states and continues to grow into new markets.
FAQ on the DraftKings Bet $5, Win $200 Promo
In which states can I claim the DraftKings Bet $5, Win $200 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 code to claim the DraftKings Bet $5, Win $200 Promo?
No, you do not need a code to claim this offer. You can use code SQORE, but this is optional as the promo will be activated when you click on a link from this page and register your new DraftKings account.
I think I might have a gambling problem?
Think you may have a Gambling Problem? Call 1-800-GAMBLER now.
How long does it take to get the $200 bonus bets?
Most players see the bonus bets in their account within 24 hours after placing the $5 wager and that wager winning.
Can I withdraw the $200 bonus bets as cash?
No. Bonus bets can only be used to place wagers. If your bonus bet wins, the profit is yours to withdraw, but the bonus stake itself is not returned.
Can I put the $200 bonus into one large bet?
No. The bonus is given as eight separate $25 bets. Each one has to be used on its own.
What can I bet the bonus bets on?
You can use them on most markets across DraftKings Sportsbook, as long as the odds meet the promo requirements.
