ByTyler Maher

Jun 6, 2024

DraftKings $200 Promo Code | Bet $5, Get $200

    • Gambling problem? Call 1-800-GAMBLER CO, DC, IL, IN, KS, KY, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY Call 877-8- HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA) 21+ to wager. Please Gamble Responsibly. Call 1- 800-NEXT-STEP (AZ), 1-800-522-4700 (NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI), 1-800-981- 0023 (PR).

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      Bet $5, Get $150 in Bonus Bets

      Bet & Get

NOTE: The DraftKings Bet $5, Get $200 promo has expired

Check out the latest offer from DraftKings:

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.

Terms & Conditions

  • New users only.
  • Minimum deposit is $5.
  • Place a $5+ bet on NFL or any other market.
  • Win or lose, get $150 in bonuses 72 hours after this bet is settled.
  • The bonus is divided into six $25 bet tokens.
  • Bonus bets must be used within seven days or they will expire.
  • You cannot withdraw bonus bets from your account.

DraftKings $200 Promo Code

NOTE: Again, the DraftKings Bet $5, Get $200 promo has expired, please see above for the latest offer!

Right now, new users can once again get a Bet $5, Get $200 in bonus bets instantly when they sign up for DraftKings Sportsbook.

This is one of the best sportsbook promos in the industry because you get your bonus bets instantly and there’s no playthrough requirement - any money you win from these bonus bets can be withdrawn immediately.

Just sign up, bet $5 on any market and you’ll instantly get $200 in bonus bets - no strings attached!

How to Get the DraftKings $200 Promo

  1. Click here to get to DraftKings.
  2. Register for a new account.
  3. Create a username and password.
  4. Include your name, birth date, address, and more.
  5. Make a minimum deposit of $5.
  6. Place a bet of at least $5 on the NFL or any other market.
  7. Even if you lose, you will get $150 in bonus bets.
  8. The bonus will be provided as six $25 bet tokens adding up to $150.
  9. You will get the bonus about 72 hours after your first bet is settled.

DraftKings has several deposit methods, including the following:

  • 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

When you sign up for this DraftKings $200 promo code offer, you’ll receive eight (8) $25 Bonus Bets, totaling $200 in bonus bets.

Those bonus bets will expire after seven (7) days and are not eligible for DraftKings odds boosts or to be settled using the cashout feature.

If you’ve already signed up for DraftKings — be sure to check out these other sportsbook bet and get promotions:

  • Caesars - $1K First Bet Bonus (all betting states):
    • Sign up at Caesars and use code
  • FanDuel Bet $5, Get $150 (all sportsbook states):
    • No promo code is required for this offer.
  • bet365 Bet $5, Get $150 (CO, NJ, OH, VA, and IA)
    • Register at bet365 and use code

How the DraftKings Bet $5, Get $200 Promo Works

Taking advantage of the DraftKings $200 promo is easy — just follow these steps:

  • Click “Get Bonus" at the top or bottom of this page.
  • Create a DraftKings account and finish any necessary identity verification steps.
  • Choose one of the many safe and secure deposit methods and deposit $5 or more.
  • Place your first wager of $5 on any sport.
  • Whether that bet wins or loses, you’ll receive eight (8) $25 Bonus Bets.
  • Bonus Bets are valid for seven (7) days and failure to use them will void the promotion.

You are not allowed to combine bonus bets or your qualifying wager with odds boosts, profit boost, or bets settled using the cash-out feature.

In order to be eligible for the DraftKings Bet $5, Get 200 promotion, you must be a new user present in states where DraftKings Sportsbook is operational.

Why I Like the DraftKings Bet $5 Get $200 Promo

Even though the DraftKings $200 promo has expired, I still enjoy the DraftKings Bet $5, Get $150 promo. Here’s why:

  • You can make a $5 deposit and $5 bet to get $150 in bonus bets, even if you lose.
  • The bonus is in smaller increments rather than one lump sum.
  • Any market is available for your qualifying wager, including the NFL.

The Best Way to Use the DraftKings $200 Promo

The DraftKings $200 promo is no longer available, but the Bet $5, Get $150 promo has a similar strategy to get the most of this offer.

I recommend trying to convert a Hail Mary pass on a longshot prop with your $5 qualifying wager.

This is because you are going to get the $150 in bonuses even if you lose, so you can try for a larger payout.

Find your favorite “First Touchdown” scorer prop because these can have longshot odds for a chance at a nice profit.

I like to pick a player on the favored team, since it’s more likely that they will score first. For example, if the Eagles are home favorites against the Giants, I might go with Dallas Goedert, since he will have a better payout than his teammates.

Once you receive your $150 in bonuses, prioritize straight bets with player props.

This bet type is easier to win, so taking this route is a good way to build your bankroll.

I like to target quarterbacks to go Over passing yards if they are heavy underdogs. This is because if they’re playing from behind, they are more likely to throw at a higher rate.

Where Is the DraftKings Bet $5 Get $200 Promo Available?

The DraftKings promo is available in the following states:

  • Arizona
  • Colorado
  • Connecticut
  • Iowa
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana (select parishes)
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • North Carolina
  • New Jersey
  • New York
  • Ohio
  • Pennsylvania
  • Tennessee
  • Virginia
  • Vermont
  • Wyoming
  • West Virginia

How to Withdraw My DraftKings $200 Promo Winnings?

  1. Go to your account and click “Withdraw.”
  2. You may be prompted to verify your account.
  3. Your funds should be with you within five business days (varies based on banking method).

You can use the following banking methods 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 Anthony Cervino’s DraftKings Sportsbook review to learn more about DraftKings, or simply sign up today by clicking “GET BONUS" at the bottom of this page and start betting!

Promo TypeNew User Promo
SportsBookDraftKings Sportsbook
How to EnterSign Up & Bet
Promo CodeNone needed


Tyler Maher

Tyler Maher is a Content Editor for The Game Day, where he edits and writes for the site. Prior to joining The Game Day, he was a fantasy baseball writer and social media editor for A graduate of Tufts University, Tyler is a die-hard Boston sports fan who can't wait for the next duck boat parade.

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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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