DraftKings $150 Promo Code – Bet $5, Get $150 Sign Up Bonus

Last updated April 3, 2024 | Published February 13, 2023

New user are welcomed with a $150 welcome bonus at DraftKings Sportsbook. Just sign up and use the exclusive DraftKings 150 promo link here on Sqore.com. Then, place your initial bet of just $5. Regardless of the outcome of your bet – win or lose – you will automatically receive $150 in bonus bets. This promotion is an excellent opportunity for new members to start their betting journey with a significant advantage. Remember, this offer is specifically tailored for new sign-ups at DraftKings Sportsbook, ensuring a rewarding start for your sports betting experience. 

In this article, we'll walk you through the simple steps to claim this offer, highlight key terms and conditions, and provide tips to maximize your betting strategy with DraftKings. Dive into the world of sports betting with confidence and enjoy the thrill of the game with the DraftKings $150 Promo Code.

Let us look further into the specifics of this compelling DraftKings $150 promo.

DraftKings Welcome Bonus - Bet $5 Get $150

DraftKings $150 NFL Promo

DraftKings Sportsbook extends a warm welcome to new users with a generous welcome bonus: $150 in bonus bets. To qualify, simply complete the sign-up process, make an initial deposit of at least $5, and then place your first cash wager of $5 or more on any sports market. Regardless of the outcome of this first wager, DraftKings immediately credits your account with $150 in bonus bets, providing a substantial boost to start your betting journey. This straightforward offer is designed to give new members a head start, allowing them to explore the wide range of betting options on DraftKings with extra betting power right from their first bet.

Eligibility criteria require participants to be first-time DraftKings account holders, at least 21 years of age, and residents of one of the following states: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, or Wyoming.

🎁 Bonus Promo Offer:Bet $5 Get $150 Instantly in Bonus Bets ($250 in NC)
🇺🇸 Available in:AZ, CO, IL, IN, IA, KS, KY, LA, MD, MI, MA, ME, NC, NJ, NY, OH, PA, TN, VA, WV, WY
💰 Minimum deposit:$5
🗓️ Days to use bonus bets:7 days
ℹ️ No Sweat Bet Promo DetailsGet a No Sweat Bet for any College Basketball bet!
Promo Rating5/5

+21. GAMBLING PROBLEM? CALL 1-800-GAMBLER (1-800-426-2537) (CO/ IL/ IN/ KS/ KY/ LA/ MD/ MI/ ME/ NJ/ OH/ OR/ PA/ TN/ VA/ WV/ WY), (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. Call 1-800-NEXT STEP (AZ), 1-800-522-4700 (NH), 888-789-7777/visit ccpg.org (CT), 1-800-BETS OFF (IA), or visit www.1800gambler.net (WV).

Do you need a promo code from DraftKings?

To activate DraftKings' $150 sign-up offer, no promo code is necessary. Simply register through our exclusive link, deposit a minimum of $5, and place a $5 wager on any sports market. Upon completing these steps, DraftKings rewards you with $150 in bonus bets. No promo code is required.

How do I get my bonus bets from DraftKings?

To receive and access your bonus bets on DraftKings, follow a few simple steps ensuring 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, 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 that offer a $150 bonus, the promotional credits are typically applied to your account shortly after the qualifying conditions are met. Most users can expect to see their $150 in bonus bets credited within 24 hours after the settlement of the qualifying wager. However, the exact timing can vary depending on the specifics of the promotion and the verification of the wager's outcome. In certain cases, the process may take slightly longer, especially if there's a need for a comprehensive review to ensure all promotional criteria have been fulfilled accurately. DraftKings endeavors to complete this crediting process efficiently, ensuring participants can use their bonus bets without significant delays.

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How Does The DraftKings Promo Compare?

DraftKings vs FanDuel

When comparing DraftKings vs FanDuel promotions, both offer competitive deals in the sports betting industry. However, DraftKings stands out with its enticing bonus, which includes daily 'no sweat' Same Game Parlay (SGP) bets as an added perk. This unique feature enhances your sports betting experience, making DraftKings an excellent choice for those seeking extra excitement.

DraftKings vs BetMGM

BetMGM and DraftKings sportsbooks, both stand out in the online betting landscape. BetMGM leads with a more generous promotional offer, adding $50 more in value to your initial betting experience. However, DraftKings gains an advantage with its unique 'No Sweat SGP' feature, offering daily opportunities for second-chance bets. This makes DraftKings an attractive choice for regular bettors seeking consistent value and varied betting experiences.

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. 

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 $150 Bonus Bets Awarded

Regardless of the outcome of this initial wager, DraftKings rewards you with $150 in 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
Gambling Problem? Call or TEXT 1-800-Gambler 21+

What States Allow DraftKings?

DraftKings is available for use in a wide range of states across the United States. As of the latest information available, DraftKings can be accessed in the following states: Arizona, Colorado, Connecticut, Illinois, Iowa, Kansas, Louisiana, Michigan, New Hampshire, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. Players in these states can enjoy the full DraftKings experience, including sports betting and daily fantasy sports.

Does DraftKings have any promos in these states?

Yes, DraftKings offers various promotions for both new and existing customers. One of their current promotions includes offering new customers $150 in Bonus Bets when they place a bet of $5 or more. Additionally, new customers can also enjoy a daily 'no sweat' Same Game Parlay (SGP) bet. DraftKings frequently updates their promotions, so it's advisable to visit their website to stay up-to-date on the latest offers and deals.


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 + A Daily No Sweat SGP/SGPx bet promo 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. To receive your SGP no-sweat bet you need to opt-in.
  3. Looking at the Terms and Conditions
    1. The terms for the bonus 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 make use of your bonus money.

The Verdict

Overall, we consider this one of the best bonus offers available across the United States. No further comments are needed!

⭐ Sqore Promo Rating⭐⭐⭐⭐⭐ 5/5

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.

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, IL, IN, IA, KS, KY, LA, MD, MI, NJ, NY, OH, PA, TN, VA, WV, and WY.

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?

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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.