DraftKings Promo Code: $150 In Bonus Bets – December 2024

DraftKings Bonus Code for New Customers

Currently, the best offer from DraftKings for people who have never signed up and deposited on the platform includes $150 in bonus bets.

To claim the offer, new users must create an account with DraftKings, deposit at least $5 and place a $5+ wager on any sport.

If you’re in AZ, CO, CT, IL, IN, MA, ME, NC, OH, PA, WY, or WV, you’ll get $150 in bonus bets instantly, regardless of how your wager turns out.

If you’re located in DC, IA, KS, KY, LA (select parishes), MD, MI, NJ, NY, TN, VA, or VT, you’ll get $150 in bonus bets if your first wager wins.

No DraftKings promo code is required for this offer if you sign up through a banner on this page.

DraftKings Bonus Code Terms & Conditions

• First-time DraftKings Sportsbook customers only
• Make a deposit of $5+ into your DraftKings account
• Bet $5+ on any sport (must win depending on state)
• Instantly receive $150 in bonus bets (six $25 bonus bets)
• Your first placed real-money wager will be your qualifying wager
• Bonus bet amount is not included in any returns or winnings
• Bonus bet not redeemable for cash, non-transferable and non-refundable
• Bonus bet cannot be used as qualifying wager
• Bonus bets are valid for seven (7) days
• One (1) qualifying wager per customer
• All paid wagers qualify
• Offer valid through 11:59 p.m. ET on Jan. 5, 2025

DraftKings’ bonus is available to new customers in every state where DraftKings is operational.

Category	Description
Offer	Bet $5+, get $150 in bonus bets if first bet wins
Promo Code	N/A
Requirements	New users only, 21+ and in eligible state
Eligible Bet Types	All bet types
Availability	AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, NH, OH, OR, PA, TN, VA, VT, WY, WV
Offer Expires	Jan. 5, 2025 at 11:59 p.m. ET
Apple Store Score	4.8/5
Google Play Store Score	4.5/5
Date Verified	Nov. 26, 2024
Claim Bonus

To claim your DraftKings promo:

• Download the DraftKings Sportsbook app through a banner on this page
• Register with your name and other required personal information
• Deposit at least $5 with an approved payment option such as credit/debit card, PayPal, Bank transfer, Venmo, Apple Pay or ACH Transfer
• Bet $5+ on any sport live on the DraftKings platform
• Receive your bonus bets guaranteed

Our experts agree that DraftKings is one of the best sportsbooks out there, starting with its generous welcome promo.

Wagering just $5 after you sign up unlocks eight $25 bonus bets, giving you plenty of leeway to explore the sportsbook and try different betting options like prop bets and parlays. If you play your cards right, you can turn that initial $5 wager into hundreds of dollars in winnings with your bonus bets.

Beyond that, DraftKings’ app is easy to use and includes some of the most extensive market depth around. If you’re looking for a bet, there’s a good chance DraftKings has it.

Throw in their rewards program and frequent promos, and DraftKings is easily one of our experts’ favorite sportsbooks.

Currently, there are no DraftKings promo codes or similar coupons for existing users who have already registered, deposited and played on the platform.

Still, the sportsbook has perks and promos for existing customers. Existing users who refer a friend are eligible for a bonus bet up to $100. Additionally, there are usually daily profit boosts for existing users.

DraftKings also offers customers perks such as parlay insurance and bad beat refunds.

There are several payment methods offered by DraftKings, all of which are safe, quick and convenient.

DraftKings Deposit Methods

• Online Banking
• Credit/Debit Card
• Gift Card
• ACH Bank Transfer
• PayPal
• Venmo
• Apple Pay
• Play+ Prepaid Card
• Cash
• VIP Preferred E-Check
• Wire Transfer

DraftKings Withdrawal Methods

• Online Banking
• PayPal
• Venmo
• Debit Card
• Play+ Prepaid Card
• Cash at Cage
• Check by Mail
• VIP Preferred E-Check
• Wire Transfer

Betting on DraftKings Sportsbook is simple.

In the app, find the sport you wish to wager on through the homepage and select the game. What is called a bet slip will appear.

In the wager box, enter the amount of money you wish to bet. Then click submit.

One of the most popular forms of betting on DraftKings is the parlay. This form of betting gives low-stakes bettors a chance to risk a small sum to potentially score a large payout.

However, parlays have a low chance of winning compared to a straight bet, such as a wager on the moneyline, spread, over/under or a game/player prop.

We recommend straight bets because you are less likely to lose money.

DraftKings has a wide selection of sports you can wager on, including the following:

• Aussie Rules
• Badminton
• Baseball
• Basketball
• Beach Volleyball
• Boxing
• Canoeing
• Climbing
• Cornhole
• Cricket
• Cycling
• Darts
• Diving
• E-Sports
• Equestrian
• Fencing
• Field Hockey
• Football
• Golf
• Gymnastics
• Handball
• Hockey
• Lacrosse
• MMA
• Motorsport
• Olympics
• Rowing
• Rugby League
• Rugby Union
• Sailing
• Shooting
• Snooker
• Soccer
• Surfing
• Swimming
• Table Tennis
• Tennis
• Track & Field
• Volleyball
• Water Polo
• Weightlifting
• Wrestling

While you can wager on many different sports at DraftKings, it does not have different promo codes for different sports. Its welcome offer is the same regardless of which sport you wager on.

That said, DraftKings’ daily promos will differ by sport depending on the season. For example, it has more NFL-based promos in the fall, MLB-based promos in the summer, etc.

DraftKings Sportsbook has several customer service options for patrons who need assistance.

• Live Chat: DraftKings has an automated live chat feature that’s available 24/7.
• Email/Contact Form: You can submit a brief form with your issue to DraftKings’ support staff.
• Callback: If you prefer to speak to a live representative, you can leave your contact number and request a callback.
• FAQ: DraftKings’ online resource center covers numerous topics, including banking methods, rewards and responsible gambling.
• Mail: DraftKings provides the mailing address to their Boston headquarters if you prefer to get in touch with them by mail.

DraftKings rewards returning customers with a loyalty program, which gives bettors “DK Crowns” with every bet. These can later be converted into bonus bets or DK Shop credit.

You earn one crown for each dollar you bet. Sometimes there are rewards boosts where you can earn double crowns.

However, one crown does not translate to one reward dollar.

DraftKings also has frequent odds boosts and promotions for existing customers to keep them coming back.

DraftKings is a great sportsbook with lots of pros, but we’ve found a few cons as well. Here are some of the things we like and don’t like about it.

Pros

• Great market depth, especially prop bets
• Generous welcome offer
• User-friendly app
• Frequent promos
• Good selection of deposit and withdrawal options
• Rewards program

Cons

• Betting options can be overwhelming
• App isn’t as clean as FanDuel’s
• Not available in every state

DraftKings has one of the best welcome offers in the industry. Whereas many sportsbooks like BetMGM and Caesars only give you a bonus bet if your first bet loses, DraftKings gives you a bonus no matter how your first wager turns out.

With these bonus bets, DraftKings is essentially giving you free money to play with. If you win, you’ll earn real money. If you lose, it won’t affect your bank account.

As such, we highly recommend DraftKings’ welcome offer and consider it one of the best around.

Here are some criteria to keep in mind when considering a sportsbook promotion, including DraftKings promos.

• Bonus Type: Most new-user bonuses either give you bonus bets for placing a small wager or refund your first bet if it loses. DraftKings’ offer is the first kind.
• Eligibility: Many promos are only for new customers who haven’t signed up for that sportsbook before, often coming with age and state requirements as well. DraftKings’ offer is only for new customers of legal gambling age in states where DraftKings is operational.
• Wagering Requirements: To qualify for a promotion, your wager may need to be a certain amount or over a certain odds threshold. DraftKings only requires that your first wager be in cash (not a bonus bet).
• Minimum Odds: A qualifying bet may have minimum odds to prevent customers from backing heavy favorites (i.e., -200 or longer). DraftKings’ offer does not have a minimum odds requirement.
• Validity Period: The amount of time that a bonus is valid for. The bonus bets for DraftKings’ offer are valid for seven days, after which they expire and will be removed from your account.
• Maximum Win/Bonus Cap: Some bonuses limit the amount of money you can win with them to protect sportsbooks from losing too much money. DraftKings’ offer does not have a maximum win amount on its welcome offer.
• Bet Type Restrictions: Some promos only allow certain bet types to be eligible for a promotion or prevent you from using your bonus on certain betting markets. DraftKings does not have any restrictions like this on its welcome offer.

While we don’t have a formal rating for sports betting promotional offers, we only write about consumer-friendly signup offers regarding the following criteria.

• Size of offer: Sports betting signup bonuses range from $100 to $1,500. The size is important, but it depends on the type of the offer. Regardless of size, a sports betting signup offer can give you some cushion for your first betting experience. Remember, these offers are one-time deals.
• Offer format: Most sportsbooks offer a so-called “bet & get” offer, where if you make a wager, you will receive so-called bonus bets. These wagers are in the form of site credit. Sometimes, your bet must win to claim the site credit. Other sportsbooks will offer a so-called free bet where you can get a refund in the form of site credit if your first wager loses. Both have their advantages.
• Time to receive site credit: It’s better if you receive your site credit immediately rather than having to wait 2-3 days. This can be relevant to your betting experience. However, all sportsbooks issue site credits in a timely manner.
• Odds requirement: It’s always better if the promotion doesn’t stipulate a minimum or maximum odds for your qualifying wager.

Some sportsbook signup offers are slightly better than others, but you can claim one new user offer at each sportsbook. You should claim each site’s offer if you want to try out multiple sports betting sites.

Photo by Matt Stone/Boston Herald via Getty Images

Make sure to always bet responsibly. Set and stick to a budget, and never bet more than you can afford to lose. Bet for fun on sports you know and don’t chase your losses.

You must be of a legal sports betting age and physically present in a legal sports betting state to wager.

If you feel that you may have a gambling problem or addiction, help and resources are available. You can seek help for you or someone you know by calling 1-800-GAMBLER.