DraftKings $200 Promo Code Bonus: Bet $5, Get $200
Bet $5, Get $200 in Bonus Bets
Bet $5, Get $200 in Bonus Bets
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DraftKings has a new welcome bonus for users in select states, providing new signups with a Bet $5, Get $200 promo.
The eligible states include IA, IL, LA, MI, NC, NJ, OH, PA, VT, and WY. Users in CT, NY, and MA will be entitled to the Bet $5, Get $200 offer.
Securing this offer is an easy process with no promo code required. You won’t want to miss out on a great opportunity to build your bankroll at DraftKings.
On this page, I will provide a full breakdown of the DraftKings Bet $5, Get $200 offer.
DraftKings $200 Promo Code
New users in eligible states can secure up to $200 in guaranteed bonus bets when they sign up at DraftKings Sportsbook.
Make sure to take advantage of one of the best sportsbook promos in the industry, providing you with instant bonus bets where any associated winnings can be immediately withdrawn.
All you need to do is create an account, bet $5 on any market, and you’ll receive $200 in bonus bets!
How to Get the DraftKings $200 Promo
- Click the “Get Bonus" link on this page to get to DraftKings.
- Sign up for a new account.
- Think of a secure username and password.
- Include your personal information.
- Now, you’re ready to make your first deposit.
Read on for the DraftKings terms and conditions.
You can make deposits at DraftKings using the following options:
- Apple Pay
- Bank Wire Transfer
- Cash at Cage
- Cash at Retail Stores
- Credit Card
- Debit Card
- DraftKings Gift Card
- Electronic Gift Card
- Online Banking
- PayPal
- Play+ Prepaid Card
- Venmo
- VIP Preferred
Terms & Conditions
- AZ, CO, CT, IA, IN, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WY, or WV.
- This supersedes the previous Bet $50, Get $300 and DraftKings Bet $5, Get $150 offer.
- Make a minimum deposit of $5.
- Place a $5 bet on any market.
- You will get a maximum of $200 in bonus bets depending on your wager.
- The bonus will be provided 72 hours after your qualifying wager is settled.
- You must use your bonus within seven days or it will expire.
How the DraftKings Bet $5, Get $200 Promo Works
The DraftKings Bet $5, Get $200 also gives you a 100% Profit Boost Token, valid for a NCAA Tournament Winner bet.
It’s important to note that you have one qualifying wager, so you have to decide whether or not you’re going to max out this promo and get $200 in bonus bets.
In other words, before making your first bet at DraftKings, determine whether you want to shoot for maximum Bonus Bets by placing a higher wager.
Once your qualifying wager is settled, you will receive your bonus bets.
Why I Like the DraftKings Bet $5 Get $200 Promo
You can get the DraftKings Bet $5, Get $200 promo offer here. I really enjoyed the Bet $5, Get $200 promo for these reasons:
- It provides a great reward for new users
- There’s an additional Profit Boost token available.
- You can use your qualifying wager and bonus bets on any market.
The Best Way to Use the DraftKings $200 Promo
The best way to use the DraftKings $200 promo is to first max out the offer. Place at least $5 for your qualifying wager and decide how much you want to bet to ensure that you get $200 in bonus bets.
It’s a great way to build your bankroll, so you want to take full advantage of this welcome promo.
The next step is to play it safe with your qualifying wager. Do you want to take a conservative approach, or do you want to place a higher wager and potentially win more?
Target the sport you feel most comfortable with and look for your favorite player prop, since these are easier to win than spreads, moneylines, or totals.
Once you get your $200 in bonuses, you can continue to play it safe rather than shoot for the moon on a longshot parlay.
Parlays have a lower win probability, so stick to straight bets to convert your bonus funds into cash.
I like to target pitchers in MLB, looking at strikeouts, walks, hits allowed, or earned runs. Check the pitcher’s overall stats and recent performance compared to opposing team’s numbers vs righties or lefties.
Use these steps and you will have a chance to take full advantage of this offer.
Where Is the DraftKings Bet $5 Get $200 Promo Available?
The DraftKings Bet $5 Get $200 promo is available in the following states: AZ, CO, CT, IA, IN, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WY, or WV.
You can come back to this page to find out where new DraftKings bonuses are available. We’ll keep you updated with all the latest Sportsbook promotions and news.
How to Withdraw My DraftKings $200 Promo Winnings?
- Access your account information on the top right.
- Click “Withdraw" to remove funds.
- You may be asked to verify your identity.
- Funds should be received in up to five business days.
Here are some withdrawal methods available at DraftKings:
- Cash at Cage: 1 Hour (but has to be in-person)
- Debit Card: 1 Day
- Apple Pay: 1 Day
- Trustly: 1 Day
- PayPal: Up to 2 Days
- Bank Wire Transfer: Up to 2 Days
- Venmo: Up to 2 Days
- VIP Preferred eCheck: Up to 3 Days
- Check: $100-$2,000 = Up to 5 Days, $2,000+ = Up to 3 Days
- Play+ Prepaid Card: Up to 4 Days
- Online Banking: Up to 5 Days
Read our DraftKings hands-on review for more information about one of the best sportsbooks in this space.
| Promo Type | New User Promo |
| SportsBook | DraftKings Sportsbook |
| How to Enter | Sign Up & Bet |
| Promo Code |
