DraftKings Bet $5 Get $200 in Bonus Bets

Known for impressive promotions and competitive odds, DraftKings' latest offer cooks up an opportunity for new customers to grab $200 in bonus bets instantly. The premise of the package is simple: wager $5 on any sports betting market to receive 8x $25 bonus bet tokens.

This bonus's accessibility is what sets it apart from other sports betting sites in the US. Unlike some competitors, you don't have to wager extraordinary sums of money to get in on the action. Just splash $5 on soccer, baseball, basketball, football, or anything in between, and snag $200 in bonus bets.

Of course, there are certain rules and requirements to be aware of before diving into this promo. This guide discusses all you need to know about the DraftKings welcome bonus, beginning with a short summary. 

DraftKings Promo Summary

• Minimum Deposit: $5
• Minimum Wager: $5
• Eligible states: AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY, WV
• DraftKings App: Android & iOS: Yes
• Offer Expiry Date: 13 October 2024
• Payout Speed: Instant

DraftKings Eligibility Requirements

• Minimum Age: In 21 of the 24 states where this offer is available, users participating in this offer must be 21+. Those in D.C, Kentucky and Wyoming are eligible for the deal from the age of 18. 
• Location: Only bettors located in one of the 24 eligible states are permitted to participate in the Bet $5 Get $200 welcome bonus.
• Expiry Date: Qualifying deposits and wagers must be processed before the expiry date of 13 October, 2024. 
• Exclusions Apply: Certain circumstances may restrict access to this DraftKings promo. For example, users under self-exclusion measures or barred by employment cannot activate the $200 in bonus bets package. 

DraftKings Promo Terms & Conditions

Terms and conditions represent a set of rules attached to sports betting bonuses. In this instance, DraftKings outlays specific stipulations detailing when, where, how often, and who can participate in the welcome bonus. These T&Cs shape the true nature of the offer – with information on minimum deposit limits, wagering requirements, and more included. 

Here's a quick look at the most important terms and conditions associated with Bet $5 Get $200 DraftKings promo for new customers. 

Qualifying Rules

One of the best aspects of this offer is the ease at which new customers can activate the promotion. After registering a new account on the platform, DraftKings users can grab the welcome bonus by depositing just $5. This spans all payment methods – so you're free to use your favorite e-wallet, card, or alternative banking option to get in on the action. 

Next, wager $5 on any DraftKings sports betting market. The NFL, EPL, MLB, and other popular sports enter the equation here, as well as niche picks like badminton and handball. Remember to bet before time runs out on October 13 – only flutters confirmed on or before this date count towards qualifying wager requirements. 

Bonus Bet Rules

Although a simple offer at heart, there are a handful of important elements to be aware of when it comes to the bonus bets tied to DraftKings' Bet $5 Get $200 promotion. For starters, bonus bets remain active for 7 days post-activation. 

Speaking of activating the offer – you don't need to do anything after placing a qualifying wager. DraftKings recognizes eligible bets as soon as they're processed, and 6x $25 bonus bets will then be credited to your account wallet. The result of your initial bet does not matter.

Wagering Requirements

It's easy to feel "caught out" by offers that promise significant rewards but carry sky-high wagering requirements. There are no such issues with DraftKings when it comes to this first bet welcome offer. 

In fact, there are no wagering requirements tied to the bonus or resulting winnings. Just keep an eye on the time while working your way through all 6x $25 bonus bet tokens – they're only valid until October 13, 2024. It's also worth noting that winnings are paid out without the stake. Therefore, you'll receive no more than what is stated within the 'Payout' box in your betslip upon placing a qualifying bet. 

Using Bonus Bets

If it's your first time using bonus bets at DraftKings, you should get familiar with how these tokens are used on the site. 

Bonus bets must be selected from within your betslip before the wager is confirmed. Failure to click on the bonus bet token will see you use your cash balance – a needless act when you have $200 in bonus bets at your fingertips. 

On using your bonus bet, here's the gist: choose a sport, a market, and make your selection. Open your betslip and click on your bonus bet balance to use a token. Hit the green button to place your wager. If the bet comes good, you're allowed to withdraw winnings immediately – a feature you might not find at other sportsbooks.

How to Deposit while Claiming DraftKings promo

1. Open the cashier.
2. Select your preferred payment method.
3. Enter an amount to deposit worth $5 or more.
4. Make sure your payment information is correct.
5. Confirm your deposit – it should process immediately.

How to Withdrawal Promo Winnings 

1. Head to the cashier.
2. Pick a withdrawal method from the list.
3. Choose the amount of money you’d like to withdraw.
4. Do a once-over to ensure everything’s in order.
5. Confirm your withdrawal from DraftKings.

Available States to Claim DraftKings Promo 

DraftKings Promos for Existing Customers

DraftKings bonus offers continue to flow after completing the new customer deal. The site boasts a wealth of rewards for existing customers, including profit boosts, ticket sweeps, and jackpot pools. Check out the full range of promotions for existing users, below. 

DraftKings Refer a Friend Bonus

If you’ve invited a few friends to your place for next week’s game, this bonus is right up your alley. Just send a DraftKings invite code to up to five friends who’ve never used DraftKings before to get started. This includes the casino, sportsbook, and daily fantasy sports services.

You’ll receive $50 in bonus bets and $50 in casino credits when they deposit $50 to their sportsbook account – all without wagering requirements. All you need to do is wager your extra bonus cash within seven days of it being awarded. With so much sport on right now, there’s never been a better time to indulge in the action with some buddies.

Deposit Bonus up to $1000

I won’t beat around the bush. This offer fails to compete against every other promotion currently advertised on DraftKings. The problem is easily fixable – they must switch from a 20% deposit boost to a 100% match bonus.

As things stand, users must make a qualifying deposit worth $5,000 to receive $1,000. On the other end of the scale, players depositing $5 get $1 in bonus money. I’m sure you can see why this is an issue. 

Things get needlessly complicated from here on out. Further terms and conditions stipulate that first-time depositors shall earn $1 in so-called ‘DK Dollars’ for every $25 wagered. In effect, a qualifying deposit of $5,000 requires the bettor to wager $25,000 to earn the maximum bonus of $1,000. Customers have 90 days to achieve this goal.

If you’re one of the few who plan on taking full advantage of this deal – fair play. No time constraints apply to wagering the $1,000 in bonus DK Dollars, so feel free to wager those funds whenever you want. 

Draft Kings Promo Code

Promo codes serve as the key to unlocking select bonuses at DraftKings. In addition to being crucial to the sportsbook, codes grant casino and DFS players access to otherwise inaccessible deals. These codes are entered at the cashier or while signing up. Here’s a list of the platform’s current sports-related codes.

• Enter the code ‘WIN’ to activate the DraftKings $1,000 deposit bonus. 

• Enter the code ‘SAVE’ to claim a $500 DFS new customer bonus.

DraftKings VIP Club

Visit the DraftKings ‘Dynasty’ or ‘VIP’ pages to see what rewards await. The site pays back its customers in various ways via a VIP Club – like crediting bonus DK Dollars, retail offers, event tickets, and exclusive boosts catered for you. It’s similar to BetMGM’s rewards program but with a greater focus on digital accolades rather than physical prizes and trips. 

Your job is easy as can be. Are you a fan of sport? Get out there and claim tier credits by betting. The more you wager, the more tier credits you’ll earn, and the higher you’ll climb on DraftKings’ tiered VIP system. 

Starting from Silver, you can work your way up through Gold, Diamond, and Onyx tiers – with the highest rank achievable by amassing 175,000 tier credits. It’s an annual program, so fear not for your tier status. Once you achieve Silver, Gold, Diamond, or Onyx, you’re guaranteed to maintain that position for the rest of the year.

Available Sports to use your DraftKings Bonus Bets

• MLB - Bet on same game parlays, 1st innings, correct scores, and outright winners of Major League Baseball events like the Home Run Derby with your $200 in bonus bets.
• MLS - International stars are on their way back to the Major League Soccer following major summer tournaments, and you can use bonus bets to back outfits such as Inter Miami, Chicago Fire, and the New York Red Bulls between now and October 13.
• NBA - The world's most prestigious basketball league is currently on break in between seasons. However, you can grab early NBA odds for next campaign's champions, conference winners, and more with bonus bets. 
• College Basketball - NCAA basketball takes to the court again later this year. For the time being, use your $200 in bonus bets to predict the 2025 college basketball champion. 
• NFL - With the new National Football Championship season right around the corner, you can pick your favorites to win in Week 1, indulge in rookie markets, and wager on who'll compete in Louisiana for Super Bowl LIX. 
• College Football - College football gets underway in late August, and you can make early picks on your favorite sides using $200 in bonus bets right up until October 13. 
• EPL - Renowned for drama and unpredictability, the English Premier League stands as one of the most exciting divisions to bet on while using your $200 DraftKings promo. 

Why choose DraftKings Promo

Value and affordability can be difficult to come by in the modern sports betting industry. DraftKings takes advantage of this gap in the market with an incredible offer, dishing out $200 in bonus bets in exchange for a small wager of just $5. This is arguably better value for money than the standard bonus bet offers seen at competing online sportsbooks – many tend to cover opening wagers that lose with a 100% match offer as a bonus bet. Other sportsbooks only tend to offer bonus bets if your initial bet loses however with DraftKings, you will be awarded your bonus bets regardless of the outcome of your original bet.

Another key reason to opt for Draftkings over similar online sportsbooks is the depth of markets open to you while using the $200 bonus. Each sport is treated with the utmost respect by the team at DraftKings, and you can expect deep markets throughout soccer, football, basketball, tennis, and other big-hitters. Plus, you're not chained to wagering requirements once you've finished with the bonus. 

Responsible Gaming at DraftKings

Check-in reminders, deposit limits, time limits, and wager caps represent DraftKings' primary responsible gaming tools. Using any of these intuitive user-friendly tools, you can watch your spending habits and stay on top of your bankroll – two crucial safety factors when betting online. 

Self-exclusion and cool-off periods are equally as important. DraftKings lets users restrict access to the site for an extended time via both options. 

DraftKings Promo Comparisons

DraftKings Promo Conclusion 

Thanks to offers like this one, there has never been a more lucrative time to be an online sports bettor in the US. DraftKings delivers on all fronts – from the size of the initial bet to the $200 reward, eligible punters are big winners with this package. 

DraftKings understands that today's bettors hold interests that stretch far and wide. So, whether you're into the NFL, NBA, MLB, EPL, NCAA sports, or something else, this offer is for you. Register and wager $5 today to claim your $200 in bonus bets before the promotion is taken down on 13 October. 

Frequently Asked Questions