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

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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 CodeNone 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 typesMoneyline 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 Rating5/5
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.

Claim My DraftKings Bonus
Bonus Code: NONE NEEDED
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.

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. 

1 Sign Up for a new account

First, sign up to create a new DraftKings account, ensuring you're a first-time user. 

Draftkings
2 Make a deposit

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 MethodDescriptionProcessing Time
Credit/Debit CardVisa, MasterCard, DiscoverInstant
PayPalSecure online paymentsInstant
Bank TransferDirect transfer from bank account2-5 Business Days
DraftKings Play+ CardPrepaid card exclusive to DraftKingsInstant
PayNearMeCash payments at retail locations15 Minutes
Wire TransferHigh-value transfers5-7 Business Days
Cash at Casino CageDirect cash deposit at partner casinosInstant
3 Place A $5 Wager

Then, place a wager of $5 or more on any sports event of your choosing.

4 Bonus Bets Awarded

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.

Claim My DraftKings Bonus
Bonus Code: NONE NEEDED
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.

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

DraftKings Sportsbook Logo

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. 

  1. Comparing the bonus to similar available bonuses
    1. 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.
  2. Actions needed to maximize bonus amount
    1. 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.
  3. Looking at the Terms and Conditions
    1. 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.

StateDK SportsbookDK CasinoLaunch DateRetail Partner
Arizona September 2021TPC Scottsdale
Colorado May 2020Mardi Gras Casino (Black Hawk)
ConnecticutOctober 2021Foxwoods Resort Casino
Illinois August 2020DraftKings at Casino Queen
Indiana October 2019Ameristar Casino
Iowa February 2020Wild Rose Casino
Kansas September 2022Boot Hill Casino & Resort
Kentucky September 2023 
Louisiana January 2022Golden Nugget Hotel & Casino Lake Charles
Maine November 2023Passamaquoddy Tribe
Maryland November 2022Maryland State Fairgrounds
Massachusetts March 2023N/A
MichiganJanuary 2021Bay Mills Resort & Casino
New Hampshire December 2019The Brook Casino, Filotimo Casino
New JerseySeptember 2018Resorts Casino
New York January 2022del Lago Resort & Casino
North Carolina March 2024N/A
Ohio January 2023Hollywood Casino Toledo
Oregon January 2022N/A
PennsylvaniaNovember 2019Penn Interactive
Tennessee November 2020N/A
Virginia January 2021N/A
West VirginiaAugust 2019N/A
Wyoming September 2021N/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.

FeatureDetails
Mobile AppAvailable on iOS and Android platforms
Sports MarketsIncludes NFL, NBA, MLB, soccer, golf, MMA, and others
Bet VarietiesOffers moneyline, point spread, over/under, props, futures, parlays, etc.
In-Play BettingAvailable, providing live wagering options
Loyalty ProgramDynasty rewards program for regular users
Referral IncentivesRewards vary based on the referred product
Payment OptionsIncludes credit/debit cards, PayPal, ACH, online bank transfers, etc.
Customer SupportAccessible via email, live chat, and a comprehensive FAQ section
Responsible GamblingTools for limit setting and self-exclusion are available
Security MeasuresEmploys 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!

I think I might have a gambling problem?

Think you may have a Gambling Problem? Call 1-800-GAMBLER now.

Peyton
Peyton Powell
Peyton is an huge sports fan and a graduate of the University of Louisville. He has always enjoyed playing, watching, and betting on sports. Born and raised in Kentucky, a state without any professional sports teams, he had to find teams to cheer for away from home. Peyton's favorite teams include the Los Angeles Lakers, Baltimore Ravens, and Boston Red Sox.