DraftKings $200 Promo Code - Bet $5 Get $200 Bonus

Last updated April 13, 2024 | Published May 24, 2022

DraftKings offers a rewarding promotion for new users who download the mobile app, available for both iOS and Android. Simply make an initial deposit and place your first bet of at least $5 to activate the promotion. Regardless of the outcome of your bet, you will instantly receive $200 in bonus bets to use across various sports contests on the platform. This offer is an excellent way to start your betting journey with added leverage.

Plus, with its user-friendly platform and a plethora of ongoing promotions, DraftKings stands out as a premier destination for sports betting, especially for those new to the game. Dive into the thrill of sports betting with DraftKings today and take advantage of this lucrative welcome offer.

How do I get my $200 bonus on DraftKings?

Bet 5 get 200

To secure a $200 bonus on DraftKings, simply start by placing a bet of $5 or more on any sports event. Once your initial bet is settled, DraftKings will immediately credit your account with $200 in bonus bets. These bonus bets can be used to wager across various sports, increasing your chances to win big without further investment.

This bonus is instantly credited to your account, offering you a significant opportunity to explore the wide range of betting options available on DraftKings with an enhanced starting bankroll.

✅ Exclusive Offer: New DraftKings customers are eligible for an exclusive offer.

✅ Guaranteed Bonus: By setting up a new sports betting account and placing an initial wager of $5 or more, you will receive a guaranteed $200 bonus bet.

✅ Easy Access: To access this promo, create a new account and make your first qualifying bet.

✅ Instant Credit: Once your initial bet is placed, you'll instantly receive $200 in bonus bets credited to your account.

To trigger the bonus, you can use DraftKings Promo Code SQORE, but clicking the link below is enough to activate the $200 Promo. 

How long does it take to get the $200 from DraftKings?

When you enter your DraftKings Sportsbook promo code and place a $5 wager on the mobile betting app, you can expect to receive the $200 in bonus bets almost instantly. This means that as soon as your qualifying bet is placed, DraftKings will credit your account with the $200 in bonus bets, allowing you to start using them for your bets right away. There's no need to wait, making it a swift and convenient process to get your $200 bonus from DraftKings.

Do you need a promo code from DraftKings?

No, DraftKings simplifies your entry into sports betting without the need for a promo code. New members are welcomed with open arms and an attractive sign-up bonus. Here's how you can get started: Create a new DraftKings account—no promo code required. Initiate your sports betting journey with a first deposit of just $5. Place your initial bet of $5 on any sporting event you're passionate about. 

Win or lose, DraftKings rewards you with $200 in bonus bets. This effortless process is designed to make it straightforward for newcomers to embark on their betting adventure, ensuring you have more to play with from the get-go. Embrace the full DraftKings experience today and enjoy the extra benefits without the hassle of a promo code.

How do I get my $200 DraftKings bonus?

First, complete your registration with DraftKings Sportsbook. Then, fund your newly created sports betting account with a minimum deposit of $5. Following this, place your initial bet of $5 on any sporting event of your choice. As soon as this bet is placed, DraftKings credits an instant $200 bonus to your account. 

Is the DraftKings promo legit?

Absolutely, the DraftKings promotional offer is legitimate and provides a straightforward path for new users to receive $200 in bonus bets. Upon creating a new DraftKings Sportsbook account and placing a minimum $5 bet on any pregame moneyline, new members are instantly awarded $200 in bonus bets, enhancing their betting experience from the start. 

Get My Bonus at DraftKings
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DraftKings Promo Terms & Conditions

Bet $5 Get $200 in Bonus Bets

Here is how the Bonus Bets Promo works: 

  • Validity: Bonus Bets remain valid for a seven-day "Play Through Period".
  • Expiration: Unused Bonus Bets after the period will be nullified.
  • Wagering Requirement: Bonus Bets must be wagered once (1x).
  • Returns: The original Bonus Bet amount is not considered in returns or winnings. Example: If a $20 bonus bet is placed at even odds and wins, only the $20 profit is credited to the customer's account.
  • Usage: Applicable on all eligible DraftKings Sportsbook markets.

Steps by Step Guide On How To Claim the Bet $5 Get $200 DraftKings Promo

A step-by-step Guide to Claim Bet $5 Win $200 DraftKings Promo

Following the settlement of your $5 bet, DraftKings credits your account with $200 in bonus bets. This credit is instantly available, allowing you to diversify your betting on various sports events.

1 Sign Up:

First, create a new account with DraftKings Sportsbook. Ensure your registration is complete to be eligible for the bonus.

2 Deposit $5 or More:

Make an initial deposit of $5 or more into your new DK Sportsbook account.

3 Place a Qualifying Bet:

Make an initial bet of at least $5 on any sports event of your choice. This wager activates the bonus.

4 Receive Your Bonus:

Regardless of the outcome of your bet, you'll receive an instant $200 bonus.

This generous bonus bet will be available for use for seven (7) days, allowing you to enjoy an extended betting experience. Don't miss out on this opportunity to kickstart your sports betting journey with DraftKings Sportsbook.

Get My DraftKings $200 Promo
Gambling Problem? Call or TEXT 1-800-Gambler 21+

Daily DraftKings Promotions

DraftKings offers an array of exciting promotions for existing users every day, including profit boosts, stepped-up parlays, jackpot pools and refer-a-friend bonuses. 

Here is what is available this week:

Super Bowl Promotions

  • Lebron James Bet Match - Apply your token to any Super Bowl bet and get a Bonus Bet up to $5 instantly!

NBA Promotions

  • NBA Stepped Up Parlays - Receive one (1) Stepped Up Token for any 4+ leg NBA Parlay, SGP, or SGPx, Next build your NBA Parlay, SGP, or SGPx with minimum odds of -500 or longer per leg and get up to a 100% Profit Boost.
  • NBA Profit Boost - Following Opt-In, you’ll be issued with one (1) single-use 50% Profit Boost which you can use to place on any NBA bet

College Basketball Promotions

  • CBB Stepped Up Parlay - Receive one (1) Stepped Up Token for any 3+ leg NBA Parlay, SGP, or SGPx, Next build your NBA Parlay, SGP, or SGPx with minimum odds of -500 or longer per leg. for each additional leg added to your parlay, increase your profit boost percentage

NHL Promotions

  • Profit Boost Parlay - Get a 33% Parlay Profit Boost on tonight's NHL games!


Number of LegsProfit Boost
3 Legs20%
4 Legs25%
5 Legs30%
6 Legs40%
7 Legs50%
8 Legs65%
9 Legs80%
10 Legs100%

Soccer Promotion

Soccer stepped up parlay - Earn a bigger Profit Boost for each additional leg of your soccer parlay! Stepped Up Token can be used on a paid 3+ leg Soccer parlay, SGP, or SGPx bet with minimum odds of -500 or longer per leg (-400, +100, etc) . Boost ranges from 20% on a 3 leg parlay to 100% on a 10 team parlay.

Refer A Friend Bonus

By inviting friends to join DraftKings, existing users can earn up to $100 in bonus bets for each successful referral. This promotion is a great way for loyal customers to enjoy additional rewards while introducing friends to the thrill of DraftKings Sportsbook.

What is the $200 bonus on DraftKings?

The $200 bonus at DraftKings is an enticing offer for new users on the platform. It's a straightforward promotion: After signing up and making a first bet of at least $5, new customers are instantly rewarded with $200 in bonus bets. This quick addition of bonus funds to their accounts enables new players to explore and enjoy a wide range of betting options on DraftKings. The bonus is distributed as eight $25 bets, providing a considerable boost to the initial betting endeavors of newcomers. This promotion not only enriches the initial experience but also gives an excellent opportunity for users to familiarize themselves with the diverse betting landscape offered by DraftKings.

Notably, as of 2024, securing this generous bonus is straightforward, as there's no need for any promotional code if you click on any link on this page.

Where can I take advantage of this DraftKings bonus?

DraftKings is available and can be used in many states, including Arizona, Colorado, Connecticut, Illinois, Iowa, Kansas, Louisiana, Michigan, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.

Sqore.com Promo Rating

Sqore.com Logo

This promo ticks every box in terms of customer value. You can bet a pre-game $5 Moneyline bet on any sport for as little and walk away with $200 in bonus bets in case your team wins. So let's look into why this promo is so good. 

  1. Comparing the bonus to similar available bonuses
    1. There are a few bet-and-get offers from sportsbooks like Bet365, BetMGM and FanDuel, but none is as generous as the 40/1 odds boost that the DK promo gives.
  2. Actions needed to maximize bonus amount.
    1. It simply does not get any easier than this. You can make a $5 deposit, unique for DraftKings, and walk away with $200 in bonus bets.
  3. Looking at the Terms and Conditions
    1. The bonus bets are paid out as 8 x $25, and you must use your bonus bets within seven days (168 hours). So place a bet, get your bonus bets, and use those bonus bets within seven days. What's not to like?

The Verdict

This is an excellent bonus from start to finish. There is nothing more we could have asked for. The seven days to use your bonus bets should be enough, but you could have wished it was longer. However, the bonus amount of $200 is excellent, considering you only have to put $5 at risk to get a 40/1 return. 

⭐ Sqore Promo Rating5/5

About DraftKings Sportsbook

DraftKings Sportsbook is a name that you can trust when it comes to legal online sports betting. This brand started out as a Daily Fantasy Sports site in 2012. Since then, it has grown into a high-quality betting site that is great for both new and experienced bettors.

The US-based sportsbook has paid a lot of attention to its app. This is because the site is easy to use and has a lot of betting markets. When a player signs up for a DraftKings account, they will be able to bet on any number of games and leagues.

DraftKings Sportsbook has traditional markets, as well as parlay and same-game parlay options. This lets users combine more than one market into a single bet with better odds. These longer odds mean that if a bet wins, the winner could get more than if they had bet on each market separately.

It gives people who bet on sports a number of easy ways to deposit money, and withdrawals are quick and safe. The site goes into great detail about a huge number of sports events, and there are many ways to bet before and during games, as well as in the future.

DraftKings' main welcome offer has wagering requirements that are a bit higher than those of other sites. However, DraftKings makes up for this with a huge number of bonus bets, contests, and short-term promotions.

DraftKings Sportsbook FeaturesInformation
Mobile App AvailabilityYes (iOS and Android)
Sports Betting MarketsWide range, including NFL, NBA, MLB, soccer, golf, MMA, and more
Types of Bets OfferedMoneyline, point spread, over/under, prop bets, futures, parlays, and more
Live BettingYes, with in-play wagering
Loyalty ProgramYes, Dynasty rewards program
Refer-a-friend ProgramYes, the reward depends on the referral product
Payment MethodsCredit/debit cards, PayPal, ACH transfers, online bank transfers, and more
Customer SupportEmail, live chat, and FAQ section
Responsible GamblingOffers tools for setting limits and self-exclusion
SecuritySSL encryption and strong data protection measures



Does DraftKings give a sign up bonus?

When you place a free bet, also known as a bonus bet, you're essentially betting without using your money. If your bonus bet proves victorious, you won't get the original bonus bet amount returned to you. Instead, your winnings will exclusively be the profit made from the bet. For instance, a $10 bonus bet that wins at odds of 2:1 will grant you $20, excluding the initial bonus bet stake.

Is there a Draftkings $200 promo code?

No, to trigger the Bet $5 Win $200 bonus, you do not need to use any promo code.

Is Wagering on DraftKings legal?

Yes, it is legal in all of the states where DraftKings does business, which is currently AZ, CO, IL, IN, IA, KS, KY, LA, MD, MI, MA, ME, NC, NJ, NY, OH, PA, TN, VA, WV, WY.

If your state is not on this list, it is likely that sports betting is not yet legal there. Other states will be added soon, though.

You don't have to live in any of the states listed to get and use the app. You can legally bet if you are in one of the legal states, no matter where you live.

To bet, you have to be in a state where it is legal, but you can get your money from anywhere.

What are the minimum and maximum bets and deposits on DraftKings?

DraftKings has bet minimums as low as $1, so players of all budgets can participate. Only $5 is needed to make a deposit.

On what devices can I access DraftKings?

You can use DraftKings on your PC, in a web browser, or by downloading the app on your phone, tablet, or other device. The DraftKings sports betting app is also available on both iOS and Android.

Does DraftKings really give you 200 dollars?

Yes, DraftKings does offer a $200 bonus to its new customers. This bonus is credited to your account irrespective of the outcome of your qualifying wager—win or lose. Importantly, the $200 in bonus bets is provided immediately upon meeting the necessary conditions. It's crucial to note that if your initial bet is successful, you'll also receive the full payout in addition to this bonus.

How does 200 in bets work DraftKings?

To secure DraftKings' $200 bonus bets offer better known as bonus bets, follow these steps: First, navigate through a promotional link to DraftKings. Once there, set up your new account and deposit a minimum of $5. Your initial wager should be $5 or more on any pre-game moneyline. Successfully predicting that first bet yields eight separate $25 Bonus Bets, accumulating to the promised $200. This ensures newcomers get a boosted start on DraftKings.

What happens if you win a bonus bet?

When you place a free bet, also known as a bonus bet, you're essentially betting without using your money. If your bonus bet proves victorious, you won't get the original bonus bet amount returned to you. Instead, your winnings will exclusively be the profit made from the bet. For instance, a $10 bonus bet that wins at odds of 2:1 will grant you $20, excluding the initial bonus bet stake.

Jake Williams
Jake Williams is a sports gambling expert. He's been writing in the sports betting and DFS industry for over a decade. He specializes in MLB and NBA, along with College Basketball and College Football.