Draftkings Bonus Bets Explained
A bonus bet is a form of currency. These are provided to players for completing certain tasks. In fact, the DraftKings new user promo provides players with $300 in bonus bets after they click our exclusive link, make a deposit, and place a winning $5 wager.
You can use them to make wagers, but you won’t receive the amount of the bonus bet back if you win.
For example, if you have $20 in bonus bets and wager it on a contest with +200 odds and win, you’d typically get the $40 in winnings and the $20 wager back with a cash bet.
However, with bonus bets, you’d only get the $40 in winnings back.
These differ from site credits in that, at DraftKings Sportsbook, there are no wagering requirements.
That said, they may have an expiration date, so it’s important always to read the terms and conditions thoroughly whenever you receive bonus bets from a promo.
How Do Bonus Bets Work On Draftkings?
At DraftKings Sportsbook, whenever you receive bonus bets, they’ll be applied to your account. To access them, you’ll add a wager to your betslip, and on the betslip, you’ll have the option of adding the bonus bets. With the DraftKings signup bonus, you’ll receive 12 $25 bonus bets, which equate to $300 in bonus bets. You’d be able to access these and use these.
If you wager with a bonus bet and lose, nothing will happen, and no cash is spent.
However, if you wager with a bonus bet and win, you’ll receive the winnings back as withdrawable cash, but not the value of the bonus bet.
So, to answer the question, “How to use bonus bets on DraftKings,” it’s simple — simply apply them to your betslip.
How To Get Bonus Bets On Draftkings
As of February 2026, the only ways to get bonus bets at DraftKings Sportsbook are through the welcome bonus, referral bonus, and the Super Bowl LX King of the End Zone promotion.
The latter promotion only has a short lifespan, though, so here, I’ll focus on the sign-up bonus.
Here’s a step-by-step guide on how to get the bonus bets.
- Click our exclusive link.
- Click Sign Up.
- Create your new account.
- Once you’re verified, you can proceed on desktop or download the DraftKings app.
- Make a deposit.
- Make a wager of $5 or more on a contest with odds of at least -500.
- If you win, you’ll receive $300 in bonus bets.
- If you lose, you won’t receive anything.
The offer above is only 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 bonus bets expire after seven days.
How To Use Bonus Bets On Draftkings
Below is a step-by-step guide on how to use a bonus bet at DraftKings Sportsbook.
Step-by-step: Using A Draftkings Bonus Bet
- Log in to your DraftKings account on desktop or the mobile app.
- Browse the various sports markets.
- Locate a wager you want to make.
- Add it to your betslip.
- Just below the odds and where you’d input how much to wager, you’ll see an area for “Apply Reward,” which will list your bonus bet.
- Toggle it, and the amount will populate the wager field.
- Place the bet and wait for the results.
Can You Cash Out Bonus Bets On Draftkings?
No. When you place a wager using bonus bets, you’re unable to cash out.
You’re unable to cash out because a bonus bet isn’t real money; it’s more like a betting credit. These cannot be withdrawn until they are used and a result of a wager is reached.
Draftkings Bonus Bets Terms & Conditions
Before engaging with bonus bets, there are some terms and conditions or exclusions to be aware of.
- Can only use one bonus bet per betslip.
- Cannot split them into multiple transactions.
- Cannot be used on teasers.
- Cannot be combined with other offers.
- The bonus bet stake isn’t included with any winnings.
- Cannot be withdrawn.
- Require a 1x playthrough.
- Must use them before their expiration date.
- If you make a wager with a bonus bet and the wager is voided, or it’s a push, you’ll receive the bonus bet back.
Eligible Sports & Markets For Draftkings Bonus Bets
Eligible sports and markets may vary by the promotion. For example, you might receive bonus bets that can only be used on the NHL.
That said, these are all of the available sports betting markets at DraftKings Sportsbook right now:
- Aussie Rules Football
- Baseball
- Basketball
- Boxing
- Cricket
- Curling
- Cycling
- Darts
- Esports
- Football
- Golf
- Handball
- Hockey
- Jai Alai
- Lacrosse
- MMA
- Motorsports
- Rugby League
- Rugby Union
- Sailing
- Snooker
- Soccer
- Table Tennis
- Tennis
- Volleyball
- Winter Olympics
As for bet types, bonus bets can be used on the following:
- Point Spread
- Moneyline
- Total
- Parlay
- Same Game Parlay
- Props
- Live Betting
- Futures
- Round Robin
The only betting market where bonus bets are explicitly not allowed is teasers.
Using Draftkings Bonus Bets On Mobile
Whether you’re looking for an answer to “How to get bonus bets DraftKings” or how to use them, the answer is the same on mobile and desktop.
There’s no difference whatsoever. If you have bonus bets tied to your account, you can add them to the betslip, regardless of which platform you’re playing on.
Draftkings Bonus Bets vs Free Bets vs Site Credit
In the world of online sports betting, you may run into other terms like free bets and site credit in addition to bonus bets.
I’ll start by saying that free bets and bonus bets are often interchangeable terms, but the vernacular has moved more toward bonus bets, as “free bets” aren’t necessarily accurate. Often, that terminology was applied to activities that meant it wasn’t free.
For example, with the welcome bonus right now at DraftKings Sportsbook, you have to make a deposit and wager $5 — that’s not “free.”
As for site credit, that’s a term more used at online casinos, not online sportsbooks.
Today, the common terminology is bonus bets.
Draftkings Bonus Bets Pros And Cons
Pros
- Make wagers without using cash
- Boost your bankroll
- Great way to get started on a new platform
Cons
- Bonus bet stake isn’t returned
- Could have some restrictions on markets and bet types
Draftkings Bonus Bets Compared To Other Sportsbooks
Overall, bonus bets at DraftKings Sportsbook compared to other top online sportsbooks behave the same. The only difference is the amount you receive from a promotion. That said, we recommend reading the terms and conditions of all sites and all specific promotions to see how they interact with bonus bets.
- FanDuel: $200 in bonus bets if your $5 wager wins.
- Caesars: First wager matched win or lose up to $250 (promo code GAMEDAY250BM).
- bet365: Bet $5, Get $200 in bonus bets win or lose.
- Hard Rock Bet: Bet $5, Get $150 in bonus bets if you win.
- Fanatics: Bet and Get up to $1,000 in FanCash ($100 per day over 10 days).
Are Draftkings Bonus Bets Worth Using?
Absolutely. While there are some limitations, such as only being able to use one, you cannot split it up, and they can’t be used on teaser or bonus bets, they are essentially cashless ways to wager. You can still withdraw the winnings you receive immediately.
These allow players to get back in the game or boost their bankroll, enabling them to wager on their favorite teams and sports for longer.
