ByFrank Ammirante

Jun 21, 2024

DraftKings Bet $5 Get $150 Promo

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      Bet $5, Get $150 in Bonus Bets

      Bet & Get

DraftKings Bet $5, Get $150 Promo Code

The DraftKings welcome bonus includes a Bet $5, Get $150 offer for new users with no promo code required.

Simply make a minimum deposit of $5 and place your first wager of $5 or more on any market.

Win or lose, you will receive $150 in bonus bets, which will be distributed as six (6) $25 bet tokens that expire seven days after being issued.

Please note that users in select states (IA, IL, LA, MI, NC, NJ, OH, PA, VT, WY) are eligible for a Bet $10 Get $200 or Bet $50 Get $300 welcome bonus.

Players in CT, NY, and MA are only entitled to the Bet $5 Get $150 promo.

How to Get the DraftKings Bet $5, Get $150 Promo

  1. and get to the DraftKings landing page.
  2. Think of a username and password.
  3. Include your personal information (name, address, etc.)
  4. Make a minimum deposit of $5.
  5. Place your first wager of at least $5.
  6. Get $150 in guaranteed bonus bets once your wager is settled.
  7. Win or lose, you will receive the bonus within 72 hours.

You can deposit at DraftKings with these banking 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

How Does the DraftKings Bet $5, Get $150 Promo Work?

Take advantage of the DraftKings Bet $5, Get $150 promo to stack your balance with bet credits.

Here are the terms and conditions attached to this promo:

Terms & Conditions

  • Register at DraftKings and deposit $5+.
  • Place your first bet (minimum $5).
  • Win or lose, you will get $150 in bonuses.
  • The bonus will be distributed as six (6) $25 bet tokens.
  • Bonus bets expire seven (7) days (168 hours) after issuance.
  • This is only available for one-time use for new users.
  • The stake is not included in the return of your bet.
    • Ex: $25 bonus bet on wager with (+200) odds will return $50 in cash.
  • Bonus bets cannot be withdrawn.

If you’re in IA, IL, LA, MI, NC, NJ, OH, PA, VT, or WY, make sure to take advantage of the DraftKings $200 promo.

This offer has the same terms and conditions, but you are eligible for $200 in bonus bets with a $10 qualifying wager.

Why I Like the DraftKings Bet $5, Get $150 Promo

Here are some reasons why I like the DraftKings Bet $5, Get $150 promo:

  • All you need to do is place a $5 wager on any market to unlock this offer.
  • Even if you lose your first bet, you still get $150 in bonuses.
  • You can split your bet into six $25 wagers instead of one lump sum.
  • This bonus can get you off to a strong start on DraftKings.
  • Qualifying wagers can be used on any market, so you have options.

If you are looking for an even bigger bonus, you can check out the DraftKings $300 promo.

The Best Way to Use the DraftKings Bet $5, Get $150 Promo

You can shoot for the moon with your DraftKings Bet $5, Get $150 promo with your first bet ($5+).

The bonus bets are guaranteed, so you don’t have to worry about taking a conservative approach.

I suggest going with NBA “First Basket” props because they have longshot odds and can settle within one minute of the game.

You can also go with “Home Run” in MLB, “First Touchdown” in NFL, or “First Goalscorer” in NHL.

Essentially, you’re looking for a longshot prop that will settle quickly, giving you a greater return on investment while lowering your wait time for your $150 in bonuses.

After you get your $150 in bonuses, use the six $25 bet tokens on straight wagers.

I prefer to go with player props because they are easier to win than spreads, moneylines, and totals.

Prioritize straight bets over parlays because you have a better chance at winning one bet than a combination of three or more.

You want to add to your balance, not just take shots on parlays with long odds, so stick with this conservative approach with your bonus.

If you ride with these tips, you will be able to take advantage of the DraftKings Bet $5, Get $150 promo.

The same applies to the Bet $10 Get $200 offer, since it’s still a low-stakes risk at $10.

But if you’re trying for the Bet $50, Get $300 promo, I would suggest playing it safe with your qualifying $50 wager, since it’s a bit higher stakes.

No matter which you choose, DraftKings currently has one of the best sports betting promos around.

Promo Type
SportsBookDraftKings Sportsbook
How to EnterSign Up & Bet
Promo Code

Author

Frank Ammirante

Frank Ammirante is a Senior Sports Writer at The Game Day. Previously, he wrote for 4for4 Football and RotoBaller. Frank is a member of the Fantasy Sports Writer's Association while maintaining an active presence within the community. He has competed in industry contests like the Scott Fish Bowl, The Great Fantasy Baseball Invitational, and more. Frank will be making his debut in Tout Wars this year. He's got a diverse sporting background, but specializes in football and baseball.

If you or someone you know has a gambling problem and wants help, please call 1-800-GAMBLER.

21+ and present in OH. Gambling Problem? Call or text 1-800-GAMBLER (CO, DC, IL, IN, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY).

Call 877-8-HOPENY or text HOPENY (467369) (NY).

Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI).

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