How to Claim DraftKings $200 Promo Code in 2025

If you're new to DraftKings, now is the perfect time to join the action with their standout Bet $5, Get $200 offer. Whether you're betting on NFL matchups or exploring other sports markets, this promotion guarantees you $200 in bonus bets once your initial wager settles—win or lose. 

With over a decade of experience analyzing and reviewing top sportsbooks, we can confidently say DraftKings continues to set the standard for user-friendly platforms, competitive promotions, and secure betting experiences. You don’t need a promo code to claim this offer; deposit, bet, and enjoy the perks of one of the most trusted names in online sports betting.

This article will guide you through the details of the “Bet $5, Get $200” promo, including its terms, eligible states, and strategies to maximize your bonus bets. 

DraftKings Sportsbook $200 Welcome Bonus: Terms and Conditions Explained

DraftKings Sportsbook makes it simple for new users to claim its Bet $5, Get $200 welcome bonus—no promo code required. However, there are important terms and conditions to understand before diving in. This offer is valid through January 27, 2025, at 11:59 p.m. ET, and is exclusively for new users in eligible states. To qualify, you must deposit a minimum of $5, place a $5+ cash bet on any market (including NFL), and receive $200 in bonus bets, win or lose.

Here’s what you’ll get:

• The $200 bonus is credited as eight separate $25 bonus bets.
• Bonus bets expire seven days (168 hours) after being issued, so be sure to use them quickly.
• Only the winnings from your bonus bets will be returned to you—not the stake value of the bonus bet itself.

Eligibility and Restrictions

This offer is available to new customers aged 21+ (18+ in KY, NH, or WY) who are physically located in one of the eligible states: AZ, CO, DC, IA, IL, IN, KY, LA, MA, MD, MI, NC, NJ, OH, PA, VT, VA, WV, WY. Each user may claim the promotion only once. Additionally, bonus bets cannot be combined, used with odds boosts or profit boosts, or settled using the cash-out feature.

Bonus Breakdown

Upon placing your qualifying bet, your account will be credited with $200 in bonus bets within 72 hours of settlement, regardless of the bet's outcome.  

DraftKings ensures transparency and fairness with this promotion, reinforcing its position as a trusted leader in the online sportsbook industry. For complete details, visit DraftKings' official site or app and ensure you meet all eligibility requirements before participating.

Best Way to Use the DraftKings Bonus Offer

Since bonus bets only return the profit from a winning wager and not the stake, the best way to maximize your returns is by using them on wagers with longshot odds. To further optimize your strategy and ensure a guaranteed profit, you can hedge your bet across different sportsbooks.

For example, consider placing your DraftKings bonus bet on the a Monday Night Football game featuring the New York Giants  against the Dallas Cowboys at odds of +200. If the Giants win, your $25 bonus bet would yield $50 in profit. To secure a guaranteed return regardless of the outcome, place an additional wager of $50 on Dallas at odds of -250 on another sportsbook. This approach guarantees a profit of $25, no matter which team comes out ahead. It’s a smart way to leverage your bonus without relying purely on chance.

"DraftKings, one of the pioneers of the U.S. online sports betting industry, still ranks among the top platforms available. Their Bet $5 Get $200 promotion aims to help new players get comfortable with betting. Unlike most offers, this one rewards you regardless of whether your bet wins or loses, creating a less pressured experience. 

I believe this approach makes DraftKings more accessible for beginners, and I recommend the promotion." 

Jake Williams Author at Sqore.com
 

Additional Player Quotes

"I used to bet my parlays at the casino because I wanted to get paid as SOON as I win .,I was a bit skeptical about using draftkings at first because I previously used fan duel and witness all the horror stories about winning with bonus money. 

I joined draftkings and made a $5!!! Deposit and received $200 in bonus bets in the form of (8) $25 tokens with my LAST bonus bet I hit a 6 leg parlay for $692.50 and instantly became leery as I used a $25 ber token...to my shock I was paid INSTANTLY - THE $25 bonus bet money...the withdrawal process is LIGHTNING fast. 

Once you click on withdraw funds ,enter the amount you want to withdraw then select the method of deposit(fyi I made my initial deposit with my cash app card but had to link MY debit card in order to get paid) so be mindful that if you don't have a bank account in YOUR name that's registered on draftkings you may hit an issue other than that this is the BEST sports betting app out there!" 
Karl Tomlin - Trustpilot
 

"They have the best promotion for New Accounts. Deposit $5, make a bet, and they give you $150 to bet more, regardless if your bet wins or not. You can't withdraw any of the $150 they give you, but any Money you win from bets with the $150 promotion you can. 

I Deposited my last $7 and turned it into $400 with that promotion. As long as you have some up to date knowledge of sports and Athletes there is no reason you shouldn't be profiting!" 
Andrew Calvetti - Google Play

Explore 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!

Experiencing issues with your DraftKings bonus bets can be frustrating, but there are several steps you can take to resolve the problem.

1. Verify Promo Code Accuracy: Ensure any promo code you’ve used is entered correctly. Copying and pasting the code is the easiest way to avoid errors. If you used a link from this page, the promo code should apply automatically.
2. Check the FAQs: Visit the DraftKings Sportsbook FAQs section, which often addresses common issues with bonus bets. This can provide quick solutions without needing further assistance.
3. Review Social Media Updates: Head to DraftKings’ social media channels to see if there are any updates about service disruptions or if other users are reporting similar problems.
4. 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 take advantage of the DraftKings Promo

Deposit methods on DraftKings may vary based on your location and the specific product you’re using. Not all payment options listed below are available in every jurisdiction or for every product. Where permitted, DraftKings accepts a wide range of payment methods, including:

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

When depositing on DraftKings, it’s important to note the following:

• Deposits must come from a personal account registered in your name; business accounts are not permitted.
• Some deposit methods may only be available for specific DraftKings products.
• Payment processors may approve or deny deposits at their discretion.
• Players are encouraged to gamble responsibly and can set daily, weekly, or monthly deposit limits.

The deposit options presented to you will be tailored to your location and product, ensuring a seamless and compliant transaction process. Always use valid personal banking or payment accounts to fund your DraftKings wallet.

How to Withdraw Your DraftKings $200 Promo Winnings

Withdrawing your promo winnings from DraftKings is a simple process, but it’s important to follow the correct steps and understand the available banking methods. Here's how to get started:

1. Navigate to your account and select “Withdraw.”
2. Complete any required account verification steps.
3. Choose your preferred withdrawal method.
4. Your funds will be processed within the specified timeframe based on the method selected (details below).

Refer to the table for withdrawal options and their respective processing times:

Key Tips for Smooth Withdrawals:

• Always ensure your account is fully verified to avoid delays.
• Choose the withdrawal method that best fits your needs based on processing times and convenience.
• Contact DraftKings customer support if you encounter any issues.

DraftKings Sportsbook offers a range of promotions beyond the standard welcome bonus, providing users with multiple ways to maximize their betting opportunities. From referral bonuses to unique seasonal promotions, here’s a breakdown of the latest offers:

Refer a Friend Bonus

Share the fun of DraftKings with friends and earn rewards! By sharing your unique referral link, you can receive up to $100 in bonus bets for each friend who registers and makes a first deposit of at least $25. This promotion allows you to claim a maximum of $500 in bonus bets, which must be used within seven days of issuance. While these bonus bets cannot be withdrawn as cash or transferred, they provide a valuable opportunity to enhance your betting experience.

Free-to-Play Pools

Test your sports knowledge with DraftKings’ Free-to-Play Pools, where users answer questions about upcoming sports events. Compete on the leaderboard for a chance to win prizes ranging from $1 to $100 in bonus bets. It’s a risk-free way to stay engaged with your favorite sports while earning extra rewards.

Match Deposit Welcome Bonus

Boost your bankroll with DraftKings' occasional Match Deposit Bonuses, which match your initial deposit up to a specified amount. These promotions are a great way to get more value from your first deposit and start your sports betting journey with an edge.

No-Deposit Bonuses

For an effortless start, look out for No-Deposit Bonuses, which allow you to receive bonus funds without depositing your own money. These offers are typically available when DraftKings launches in a new state or when users explore its casino platform. It’s a perfect way to test the waters risk-free.

Reignmakers PGA Tour Starter Pack

Golf fans can step into the action with the Reignmakers PGA Tour Starter Pack, which includes 35 top-ranked golfer cards. Use these cards to enter beginner contests throughout the season and compete for prizes—all without any entry fees. It’s an innovative way to engage with PGA Tour events while sharpening your skills.

King of the End Zone

For NFL enthusiasts, the King of the End Zone promotion offers a shot at a $2 million bonus pool. To participate:

• Opt-in to the promotion.
• Place a pregame touchdown scorer bet of at least $5.
• Bonus bets from the $2 million pool will be distributed and must be used within seven days.
  Single bets and parlays (up to three legs) are eligible, giving you plenty of options to aim for a share of the prize.

With these promotions, DraftKings continues to solidify its reputation as a premier sportsbook, offering engaging and rewarding opportunities for bettors at all levels. Visit the DraftKings app or website to explore these offers and ensure you meet all eligibility requirements before participating.

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.