How to Claim the DraftKings $200 Promo Code – Bet $5 Get $200 Bonus

DraftKings is giving new users an easy way to start betting with a boost - place a $5 wager on any sport and get $200 in bonus bets instantly, no promo code required. It’s one of the most straightforward welcome offers on the market: make a qualifying bet, and your bonus funds hit your account right away. The deal is live in most DraftKings states and often pairs with seasonal perks like NBA League Pass discounts or special odds boosts. In this guide, we’ll cover exactly how the $200 DraftKings promo works, what you need to do to claim it, and how it compares to other sportsbook sign-up bonuses available right now.

This welcome deal draws plenty of attention, though it won’t suit every type of bettor. Here’s a closer look at its upsides and downsides:

We can confidently say that the DraftKings $200 promo sets the standard among competitive offers. Compared to its peers, BetMGM, Bet365, and FanDuel, DraftKings consistently delivers the best sportsbook promotions for new customers.

​Here is a comparison of current new-user sportsbook promotions from BetMGM, FanDuel Sportsbook, and bet365 as of August 2025:

👉 These offers vary in how they reward you, depending on how much you stake and how much risk you’re comfortable taking.

With bet365, you get bonus bets no matter how your first wager turns out. FanDuel and BetMGM, on the other hand, only award the bonus if that first bet is a winner. BetMGM’s First Bet Offer and bet365’s First Bet Safety Net give some insurance by returning your stake in bonus bets if your opener doesn’t go your way.

Check the table below to find where DraftKings is available and unlock their best sign-up offers. If DraftKings promotions are active in your state, don’t miss the opportunity to claim these deals and start placing your wagers today!

Running into problems with your DraftKings bonus bets can be annoying, but there are a few simple checks that often fix things.

• Verify Promo: Using a link from this page, will automatically activate the DraftKings new customer promo
• Check the FAQs: Visit the DraftKings FAQs, they address the most common issues with bonus bets providing a quick solution without needing further assistance.
• Social Media Updates: Check out DraftKings’ on X to see if there are any updates about service disruptions or if other users are reporting similar problems.
• Contact Customer Support: If none of the above steps resolve the issue, reach out to DraftKings customer service for personalized assistance.

👉 By following these steps, you can troubleshoot and resolve most issues related to DraftKings bonus bets quickly and effectively.

Deposit Options to Use with the DraftKings Promo

The deposit methods DraftKings offers can vary quite a bit depending on where you’re located and which product you’re using. Not every payment option you see below will be available everywhere or for all DraftKings services. But generally, they cover most bases with options like:

• Apple Pay
• Bank Wire
• Cash at Cage
• Checks
• Debit Cards
• Online Banking
• PayPal
• Play+ Prepaid Card
• Venmo
• VIP Preferred (e-check)

Remember, your deposit needs to come from a personal account in your own name. Business accounts aren’t accepted. Also, some payment methods might only be an option for certain DraftKings products, and sometimes your payment processor might accept or decline your deposit for their own reasons.

If you’re thinking about managing your spending, DraftKings lets you set daily, weekly, or monthly deposit limits, which is a handy tool for responsible play.

Ultimately, the deposit options you see will be tailored to your location and product, so the whole process should be smooth and within the rules. Just be sure to use valid personal banking or payment accounts when funding your DraftKings wallet.

How to Withdraw Your DraftKings $200 Promo Winnings

Cashing out your promo winnings is pretty straightforward, but it’s worth following the right steps and knowing what options you have when "withdrawing your promo". Here’s the general process:

1. Head to your account and click on “Withdraw.”
2. Complete any verification steps if requested. Sometimes the casino just needs to confirm your identity before releasing your funds.
3. Pick your preferred withdrawal method.
4. Wait for the money to arrive, keeping in mind processing times vary depending on the method.

Here’s a quick breakdown of withdrawal options and how long they usually take:

👉 A couple of tips to keep withdrawals running smoothly: 

• Make sure your account is fully verified beforehand.
• Also, pick a withdrawal method that matches your timing needs.
• And if anything feels off or gets stuck, DraftKings customer support tends to be pretty responsive, so don’t hesitate to reach out.

The welcome bonus might be the first thing that catches your eye, but DraftKings offers more than that. Ongoing promos give regular players extra ways to stay engaged and add variety to their betting.

Here’s a closer look at some of the most rewarding offers live right now:

🎯 Refer-a-Friend Bonus

Get rewarded for sharing the action. Invite your friends, and for each one who signs up and deposits $25 or more, you’ll earn up to $100 in bonus bets. You can stack up to $500 this way. Bonus bets show up in your account pretty quickly. Just remember, you’ve got a week to use them, and you can only cash out any winnings — not the bonus amount itself.

🧠 Free-to-Play Pools

Put your sports knowledge to the test without spending a cent. Free-to-Play Pools let you predict outcomes on selected games and climb leaderboards for bonus bets. Prizes usually range from $1 to $100, depending on how sharp your picks are. It’s a fun way to stay involved, even when you’re not placing your usual bets.

💵 Deposit Match Offers

From time to time, DraftKings adds a deposit match, which means you get extra funds to use right from the start.. The percentage and max amount vary, so check the app regularly to catch the best deal when it drops.

😎 "No Sweat" First Bets

Worried about losing your first bet? Watch for DraftKings’ "No Sweat" promos. If your bet doesn’t land, they refund you with a bonus bet — straightforward and easy to follow. Great for easing into the action with low risk.

🎁 No-Deposit Bonuses

Sometimes, DraftKings surprises new users (or players in newly launched states) with a no-deposit bonus. These offers don’t come often, but when they do, it’s a chance to bet for real money without risking any of your own.

🏌️ Reignmakers PGA Tour Pack

Golf lovers, this one’s for you. You get 35 digital golfer cards in a free Starter Pack, a solid way to start playing in fantasy-style PGA contests right away. No entry fees, just strategy and bragging rights. Build your roster, enter beginner competitions, and compete all season long.

🏈 King of the End Zone – NFL Promo

NFL season means big bonus pools. This promo gives you a shot at $2 million in bonus bets just for betting on touchdown scorers.

How it works:

• Opt in through the DraftKings app
• Place a pregame TD scorer bet of $5+
• Win your share of the prize pool
• Use any bonus bets within 7 days

You can place them as singles or in parlays with up to three legs, so there’s room to play it simple or mix it up.

👀 Keep an Eye on the App

DraftKings updates its promos all the time based on the sport and season. You might find bonus bets, no-risk entries, or special contests linked to major events.

These offers aren’t just add-ons. They’re a big reason why DraftKings keeps its edge. Whether the reward is small or substantial, it’s still something extra for bettors who stay engaged.

DraftKings is committed to promoting safe and responsible gambling by offering a variety of tools to help players manage their betting activity. These features are designed to encourage mindful wagering and protect bettors:

• Deposit Limits: Set daily, weekly, or monthly limits on the amount you can deposit into your account.
• Spending Limits: Control how much money you want to spend on wagers during a specific timeframe.
• Wagering Limits: Define the maximum amount you’re willing to stake on a single bet.
• Time Limits: Establish limits on the duration of your betting sessions to avoid excessive play.
• Cool-Off Periods: Activate a 30-day cool-off period to temporarily restrict betting activity and deposits.

DraftKings encourages all players to gamble responsibly and within their means. These responsible gambling features are designed to help you maintain control and enjoy your betting experience in a safe and comfortable manner. If you ever need support, resources like the National Council on Problem Gambling (1-800-GAMBLER) are available to provide assistance.