Draftkings Bet $5 Get $150 Promo Overview
As mentioned, there’s no such thing as a “bet 5 win 150 DraftKings” offer or anything of that sort.
The DraftKings new user promo that’s available is $300 in bonus bets when you place a winning $5 wager.
To get started, sign up through our exclusive link, create an account, and place a $5 winning wager. The qualifying bet must be placed on odds of -500 or longer.
This offer is available through February 15, 2026, at 11:59 p.m. ET, and the qualifying wager must settle by February 22, 2026.
This offer is available in the following DraftKings legal states: Arizona, Colorado, Connecticut, Washington, D.C., Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana (select parishes), Massachusetts, Maryland, Maine, Michigan, Montana, North Carolina, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, Vermont, Wyoming, and West Virginia.
The minimum age to participate is 21, except in Washington, D.C., Kentucky, New Hampshire, and Wyoming, where it is 18.
After the $5 wager settles as a win, players receive $300 in bonus bets issued as twelve $25 bonus bet tokens. Bonus bets expire seven days after being awarded, have no cash value, and cannot be withdrawn directly. Any unused bonus bets will expire once the seven-day window ends.
Winnings generated from bonus bets are withdrawable. For example, a $25 bonus bet placed at +100 odds would return $25 in real cash winnings if it wins.
How The Draftkings Bet $5 Get $150 Offer Works
While there’s no “bet 5 win 150 DraftKings” offer, you can get $300 in bonus bets after placing a winning $5 wager on a contest with odds of at least -500.
If you place the wager and win, you’ll receive 12 $25 bonus bets that expire after seven days.
When you wager using a bonus bet, you won’t receive the bonus bet stake back, but can withdraw the winnings.
Bet $5 Win $150 Draftkings Bonus Bets – Is That How It Works?
There’s no offer available where you bet $5 and get $150 in bonus bets at DraftKings.
However, with the current offer that gives you $300 in bonus bets, there is more to it than that.
First, create an account using our exclusive link. After signing up and creating an account, you need to make a deposit, wager $5 or more on a contest with odds of at least -500, and if you win, you’ll get $300 in bonus bets.
Draftkings $150 Promo Code – Do You Need One?
While there’s no DraftKings $150 promo, there is one for $300 in bonus bets.
For the DraftKings sign up bonus, no promo code is required; simply click our exclusive link and create an account.
Draftkings Free $150 – What You Can (And Can’t) Withdraw
As of February 2026, there’s no DraftKings offer where you’ll get $150 in bonus bets. Instead, you’ll get $300 in bonus bets after placing a winning $5 wager on a contest with odds of at least -500.
When it comes to what you can withdraw, you cannot withdraw bonus bets. However, if you wager with them and win, you can withdraw any winnings you get.
For example, if you wagered $25 in bonus bets on a test with +200 odds and won, you could withdraw the $50 in winnings, but you won’t get the $25 bonus bet wager back.
Step-by-step: How To Claim The Draftkings Bet $5 Get $150 Bonus
There’s no offer at DraftKings where you’ll get $150 in bonus bets after betting $5. That said, below I’ll explain how to claim the current welcome bonus in five simple steps.
Claiming The Offer In 5 Simple Steps
- Click our exclusive link.
- Click Sign Up and create an account.
- Make a deposit.
- Wager $5 on a contest with odds of at least -500.
- If you win, get your bonus bets. If you lose, you receive nothing.
Draftkings Bet $5 Get $150 Terms & Conditions
There’s no offer currently available where you’ll get $150 in bonus bets for wagering $5 at DraftKings Sportsbook.
That said, I’ll list the important terms and conditions for the current welcome bonus:
- Wagering Requirements: 1x
- Minimum Odds: -500 or longer
- Offer Expiration: February 15, 2026, at 11:59 p.m. ET
- Bonus Bet Expiration: 7 days
- Bonus Bet Value: $300 total, issued as 12 $25 bonus bets
- Available States: Arizona, Colorado, Connecticut, Washington, D.C., Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana (select parishes), Massachusetts, Maryland, Maine, Michigan, Montana, North Carolina, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, Vermont, Wyoming, and West Virginia
- Qualifying Wager Deadline: The $5 wager must be placed on an event that settles by February 22, 2026
- Minimum Age: 21+, or 18+ in Washington, D.C., Kentucky, New Hampshire, and Wyoming
Eligible States For The Draftkings Bet $5 Get $150 Promo
At DraftKings Sportsbook, there’s no offer currently available where you can bet $5 and get $150 in bonus bets.
As for the current welcome bonus with $300 in bonus bets, it’s available in these states:
- Arizona
- Colorado
- Connecticut
- Washington, D.C.
- Iowa
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana (select parishes)
- Massachusetts
- Maryland
- Maine
- Michigan
- Montana
- North Carolina
- New Jersey
- New York
- Ohio
- Pennsylvania
- Tennessee
- Virginia
- Vermont
- Wyoming
- West Virginia
Using The Draftkings Bet $5 Get $150 Bonus On Mobile
You cannot use the DraftKings “Bet $5, Get $150” bonus on mobile since no offer exists.
However, you can use the current welcome bonus — bet $5 and receive $300 in bonus bets if you win — on the DraftKings app.
To do so, simply browse the available betting markets, add something to your betslip, and on the betslip, you’ll be able to apply your bonus bet.
Draftkings Bet $5 Get $150 Pros And Cons
There’s no offer at DraftKings listed as “Bet $5, Get $150,” so I’ll do pros and cons based on the current welcome bonus.
Pros
- Minimal investment ($5)
- 12 separate bonus bets ($25 each)
- Casual-player friendly
- -500 minimum odds
Cons
- Has a win condition
Draftkings Bet $5 Get $150 Vs Other Sportsbook Offers
While there’s no offer of “Bet $5, Get $150” at DraftKings, I’ll compare the current welcome bonus to other top online sportsbooks.
Fanduel Sportsbook
Using our exclusive FanDuel Sportsbook, you’ll get $200 in bonus bets with a winning $5 wager. It’s different than DraftKings Sportsbook in that there’s $100 less, but there’s also no mention of minimum odds.
Bet365 Sportsbook
Our exclusive Bet365 Sportsbook offer provides players with $200 in bonus bets after placing a $5 wager, win or lose. It’s $100 in bonus bets, less than DraftKings, but there’s no win condition.
Caesars Sportsbook
With promo code GAMEDAY250BM at Caesars Sportsbook, you’ll get your first wager matched win or lose up to $250. It’s $50 in bonus bets less than DraftKings, but you’ll also need to wager $250 as your first wager to get the $250 in bonus bets.
Is The Draftkings Bet $5 Get $150 Bonus Worth It?
Since there’s no “DraftKings Bet $5, Get $150” bonus, one cannot say either way if it’s worth it or not.
Regarding the current welcome bonus, it’s absolutely worth it. For a minimal investment of $5, you could get $300 in bonus bets, which would provide a massive boon to your virtual wallet.
Yes, you need to win, but the minimum odds requirement is -500, which implies an 83.33% winning probability.
