Draftkings Sportsbook New User Promo Overview
The DraftKings sign up bonus provides players with $300 in bonus bets after they click our exclusive link, sign up for an account, and place a winning $5 wager.
The $5 wager you place must be on a contest with odds of at least -500, and it’s valid through February 15, 2026, at 11:59 pm ET.
Additionally, this offer is valid to new players 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 requirement is 21 unless you’re in Washington D.C., Kentucky, New Hampshire, or Wyoming.
Regarding the $5 wager, it must be on a contest that settles by February 22, 2026.
The $300 in bonus bets is given to the player with a winning $5 wager in increments of $25; thus, there will be 12 bonus bet tokens.
These are valid for seven days, hold no cash value, and cannot be withdrawn. If you don’t use them within seven days, they become invalid.
So, if you were to wager a $25 bonus bet on a contest with +100 odds and win, you’d win $25, and that would be withdrawable.
Current Draftkings New User Bonuses Available
Right now, the offer above, Bet $5, Get $300 in bonus bets, is the only DraftKings Sportsbook new user promo available. That said, this one expires on February 15, 2026, so a new one may be available after that.
How To Claim The Draftkings New User Promo
Below is a step-by-step guide to claiming the DraftKings new-user promo.
Step-by-step Bonus Claim Process
- Click our exclusive link.
- Click “Sign Up.”
- Complete the account registration process. Here, you’ll need to provide information such as your name, address, date of birth, the last 4 digits of your Social Security number, and more.
- Once you’ve created an account and verified yourself, make a deposit.
- After a deposit is placed, make a wager of $5 or more on a contest with -500 odds that’ll be resolved before February 22, 2026.
- If you place a winning wager, you’ll receive 12 $25 bonus bets ($300 toital).
- If you lose, you won’t receive any bonus bets.
Draftkings Promo Code For New Users
No DraftKings new-user promo code is required for this welcome bonus. Instead, click our exclusive link to complete the process and gain immediate access.
Is There A Draftkings Promo Code For New Users With No Deposit?
There’s no DraftKings new-user no-deposit promo code.
Right now, a DraftKings no deposit bonus doesn’t exist.
Beyond the welcome bonus, all other offers for existing players will require you to opt in simply.
Draftkings New User Bonus Terms & Conditions
Here is a bullet-point list of all of the important bonus terms and conditions to be aware of with this DraftKings new user bonus.
- Wagering requirements: Not applicable. You’ll receive the bonus bets and can withdraw the winnings from using them.
- Minimum Odds: -500
- Expiration Date: February 15, 2026
- Bonus Bet Expiration: 7 days
- Bonus Bet Structure: 12 $25 bonus bets
- State Restrictions: Valid 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: Must be placed on an event that resolves before February 22, 2026.
- Minimum Age: 21 (18+ in Washington D.C., Kentucky, New Hampshire, or Wyoming).
Eligible States For Draftkings New User Promotions
As mentioned, this DraftKings new user promotion is valid 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
You must be 21 or older to redeem this new user promo, unless you’re in Washington D.C., Kentucky, New Hampshire, or Wyoming. In that case, the minimum age is 21.
When you attempt to redeem this offer, DraftKings will run geolocation software to confirm your location. For example, if you’re on the DraftKings app, it’ll ask to track your address. This is required to play on the platform and to redeem this offer.
Using The Draftkings New User Bonus On Mobile
If you’re looking to redeem the DraftKings new user bonus on mobile, don’t worry: You can without issue.
Simply click our exclusive link like you usually would and complete the registration process. From there, download the mobile app (if you haven’t already) and begin playing.
This bonus isn’t only for desktop users; it’s also available on mobile.
Here’s a complete step-by-step process to ensure there are no issues:
- Click our exclusive link.
- Click “Sign Up.”
- Complete the registration process by providing the required personal details, including your name, address, date of birth, the last four digits of your Social Security number, and more. This identity verification step is standard across all legal online sportsbooks.
- Download the mobile app from the Apple App Store or Google Play Store, based on your device.
- Log in to your account.
- Make a deposit.
- Place a $5 wager or more on a contest with odds of at least -500.
- If you win, you will receive 12 $25 bonus bets ($300 total).
- If you lose, you won’t receive anything.
You’ll be able to use the bonus bets if you win on mobile without any issues. The process for claiming this offer is the same across desktop and mobile.
Payments & Withdrawals For New Draftkings Users
Here are the available deposit and withdrawal options at DraftKings that you can use alongside the welcome bonus.
To deposit to get started with the offer, you can do so with the following methods:
- Online Banking (ACH)
- Debit Card
- Apple Pay
- PayPal
- Gift Card
- Wire Transfer
- Venmo
From there, if you win your bet, use the bonus bets, and win some cash, here are the available withdrawal methods:
- Online Banking (ACH)
- PayPal
- Wire Transfer
- Check by Mail
- Debit Card
- Apple Pay
- Venmo
Draftkings New User Promo Pros And Cons
Pros
- Great payout ($300 in bonus bets) for minimal investment ($5)
- -500 odds are quite generous
- Qualifying wager can be on an event that resolves a week after expiration
- 12 $25 bonus bets
Cons
- Must win wager to receive bonus bets
How Draftkings’ New User Promo Compares To Other Sportsbooks
Here are some additional new-user promos from FanDuel, Caesars, and bet365.
Fanduel Sportsbook
At FanDuel, the offer is similar to DraftKings, but instead, you’ll get $200 in bonus bets if you win, not $300. The wager amount remains $5.
Unlike DraftKings, though, there’s no mention of minimum odds.
You can claim this offer here.
Caesars Sportsbook
Using promo code GAMEDAY250BM, new players at Caesars Sportsbook will get their first wager matched up to $250 in bonus bets, whether you win or lose.
Bet365 Sportsbook
Win or lose, bet365 Sportsbook provides new players with $200 in bonus bets when they wager $5 and use our exclusive link. You get the $200 in bonus bets, win or lose.
Is The Draftkings New User Bonus Worth It?
Absolutely. The minimum odds of -500 allow you a wide range of markets to wager on. For context, odds of -500 imply an 83% win probability.
Overall, while there is a win condition, the payoff of $300 in bonus bets is fantastic and not something you’ll find elsewhere out on the market.
