Draftkings Bet $5 Get $200 Promo Overview
As noted, there is no “bet 5 win 200 DraftKings” offer currently available.
Instead, DraftKings’ active new-user promotion awards $300 in bonus bets when you place a $5 winning wager on odds of -500 or longer. To qualify, sign up through our exclusive link, create an account, and place your $5 wager.
This promotion is available through February 15, 2026, at 11:59 p.m. ET, and the $5 wager must settle by February 22, 2026. The offer is open 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.
Once 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 Bonus bets expire seven days after being awarded, have no cash value, and cannot be withdrawn directly.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 after the seven-day window.
However, 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 $200 Offer Works
While there is no “DraftKings $200 promo code” offer, new players can earn $300 in bonus bets by placing a $5 winning wager on odds of -500 or longer.
Once the wager wins, you’ll receive twelve $25 bonus bets that must be used within seven days.
When betting with a bonus bet, the stake itself isn’t returned, but any winnings you get from the bet are withdrawable.
Bet 5 Win 200 Draftkings – Is That Actually How It Works?
There is no “DraftKings free $200” bonus available.
That said, DraftKings’ current new-user offer is even more valuable. After signing up through our exclusive link and creating an account, you’ll need to make a deposit and place a $5 wager on odds of -500 or longer. If that bet wins, you’ll receive $300 in bonus bets.
Draftkings $200 Promo Code – Do You Need One?
While there isn’t a DraftKings $200 promo available, new players can take advantage of a $300 in bonus bet offer with the new DraftKings sign up bonus.
No promo code is required; just click our exclusive link and create an account to get started.
Draftkings Free $200 – What You Can (And Can’t) Withdraw
As of February 2026, DraftKings does not offer a promotion that awards $200in bonus bets. Instead, new players can receive $300 in bonus bets by placing a $5 winning wager on odds of -500 or longer.
Bonus bets themselves cannot be withdrawn, but any winnings from using bonus bets are eligible for withdrawal.
For example, if you place a $25 bonus bet at +300 odds and win, you would be able to withdraw the $75 in winnings, but the $25 bonus bet stake would not be returned.
Step-by-step: How To Claim The Draftkings Bet $5 Get $200 Bonus
There isn’t a DraftKings offer that awards $200 in bonus bets for a $5 wager.
Below is a step-by-step guide to claiming the current welcome bonus with $300 in bonus bets.
Claiming The Offer In 5 Simple Steps
- Click our exclusive link.
- Select Sign Up and create your account.
- Make an initial deposit.
- Place a $5 wager on a market with odds of -500 or longer.
- If the wager wins, you’ll receive your bonus bets; if it loses, no bonus is awarded.
Draftkings Bet $5 Get $200 Terms & Conditions
There is currently no DraftKings Sportsbook offer that awards $200 in bonus bets for placing a $5 wager.
Below are the key terms and conditions for the current DraftKings 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 after issuance
- Bonus Bet Value: $300 total, issued as twelve $25 bonus bets
- Available in 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 $200 Promo
DraftKings Sportsbook does not currently offer a promotion where you can bet $5 and receive $200 in bonus bets.
Instead, the active welcome bonus awards $300 in bonus bets and is available to new users in the following 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 $200 Bonus On Mobile
There is no DraftKings “Bet $5, Get $200” bonus available on the DraftKings app, as that offer does not exist.
That said, the current welcome bonus — bet $5 and receive $300 in bonus bets if your wager wins — can be used directly on the mobile app.
To get started, browse the available betting markets, add a selection to your betslip, and apply your bonus bet directly from the betslip.
Draftkings Bet $5 Get $200 Pros And Cons
There is no DraftKings offer labeled “Bet $5, Get $150,” so the pros and cons below reflect the current DraftKings new user promo.
Pros
- Low minimum entry ($5)
- Twelve separate $25 bonus bets
- Accessible for casual players
- -500 minimum odds requirement
Cons
- Bonus requires a winning wager
Draftkings Bet $5 Get $200 Vs Other Sportsbook Offers
While DraftKings does not offer a “Bet $5, Get $150” promotion, its current welcome bonus is comparable to those of other top online sportsbooks.
Fanduel Sportsbook
With our exclusive FanDuel Sportsbook offer, new players can receive $200 in bonus bets after placing a $5 winning wager. The bonus amount is $100 less than DraftKings, but FanDuel does not list a minimum odds requirement.
Bet365 Sportsbook
Using our exclusive Bet365 Sportsbook offer, new users earn $200 in bonus bets after wagering $5, regardless of whether the bet wins or loses. While the bonus is $100 lower than DraftKings, there’s no win condition to qualify.
Caesars Sportsbook
With promo code GAMEDAY250BM at Caesars Sportsbook, our exclusive offer will provide you with $250 in bonus bets, matching your first wager, win or lose. To get the full $250 in bonus bets, though, you must wager $250.
Is The Draftkings Bet $5 Get $200 Bonus Worth It?
Since a “DraftKings Bet $5, Get $200” bonus doesn’t exist, it isn’t possible to evaluate whether that specific offer is worth it.
However, the current DraftKings welcome bonus is absolutely worth taking advantage of. With just a $5 wager, you can unlock $300 in bonus bets, giving your bankroll a massive boost.
While the qualifying bet must win, the minimum odds requirement is -500 (implied winning probability of 83.3%).
