ByFrank Ammirante

Last Updated on Mar 9, 2026

DraftKings $250 Promo Code Bonus: Bet $5, Get $250 Instantly

  • Bet $5, Get $200 in Bonus Bets

    If Your Bet Wins

    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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    Visit DraftKings Sportsbook|Read Review
    GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD). 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new customer. Must register new account to receive reward Token. Must select Token BEFORE placing min. $5 bet to receive $200 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bet must settle by and Token expires 3/15/26. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Ends 3/8/26 at 11:59 PM ET. Sponsored by DK.

    GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).
    Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD).
    21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new customer. Must register new
    account to receive reward Token. Must select Token BEFORE placing min. $5 bet to receive $200 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bet must settle by and Token expires 3/15/26. Bonus
    Bets expire in 7 days (168 hours). Stake removed from payout. Ends 3/8/26 at 11:59 PM ET. Sponsored by DK.

    Click anywhere to close this message.

    • Huge Variety of US & International Markets

    • Tons of Promotions & Features

    • VIP & Rewards System

    • Very Aesthetically Pleasing

DISCLAIMER: The DraftKings Bet $5, Get $250 offer is no longer available. The new DraftKings offer is Bet $5, Get $200 instantly plus one 100% Profit Boost Token, valid for a NCAA Tournament Winner bet. Click the link and place your first wager to get

DraftKings is renowned for their user-friendly platform, useful promotions, and robust betting markets.

North Carolina sports betting has finally launched, giving NC users a chance to try out one of the best sportsbooks in the industry in DraftKings.

On this page, we’ll provide a full breakdown of the DraftKings promo code, which features a lucrative Bet $5, Get $200 in bonus bets offer.

DraftKings Bet $5, Get $250 Promo Code

.

There’s no promo code required for this offer, simply place your first bet of at least $5 to net $200 in bonuses. That’s right — you won’t have to win your first wager to unlock the bonus bets.

This is one of the best sportsbook promos because you’re only risking $5 to get $200 in bonuses. This is essentially like hitting a (+5000) parlay, since you’re getting 50x your stake in bonus bets.

The difference here is that you don’t even need to win your bet. It simply does not get much better than this, so join DraftKings to get off to a good start building your bankroll.

NOTE: DraftKings North Carolina has the Bet $5, Get $250 offer. Other states with DraftKings have a Bet $5, Get $150 welcome bonus.

How the DraftKings Bet $5, Get $250 Promo Works

The DraftKings $250 offer is no longer available. Check out the terms and conditions attached to the DraftKings Bet $5, Get $200 promo below.

  • ✅ Deposit at least $5 into your account.
  • ✅ Place a $5+ first wager on any market.
  • ✅ Please note that you cannot use your first bet on profit boosts or the cash-out feature.
  • ✅ Once the bet is settled (win or lose), you’ll get $250 in bonuses.
  • ✅ The bonus will come in the form of 8 x $25 bonus bets.
  • ✅ These bonus bets have no cash value and can be only used to get more winnings.
  • ✅ Make sure to use your bonus within seven (7) days, or it will expire.

How to Sign Up For DraftKings Bet $5, Get $250 Promo

While the Bet $5, Get $250 DraftKings offer has expired, you can follow these steps to sign up for the DraftKings Bet $5, Get $200 promo:

  • ✅ Click this to access DraftKings.
  • ✅ Create a username that is easy to remember.
  • ✅ Think of a secure password.
  • ✅ Set up two-step authentication to add another security measure.
  • ✅ There is no promo code required for this offer.

The Best Way to Use the DraftKings Bet $5, Get $250 Promo

You’ll still have plenty of funds if you take advantage of the updated DraftKings $200 promo. Follow this strategy to make the most out of your DraftKings Bet $5, Get $200 promo:

$5 Wager

  • Your $5 bet should be used on a longshot.
  • You don’t have to worry about playing it safe because you’re getting the bonus even if you lose.
  • Find your favorite prop with longshot odds.
  • I would recommend looking at First Basket markets in NBA because they always have nice prices.

$250 in Bonus Bets

  • Even if you lose your $5 bet, you’ll still get $200 in bonuses.
  • You can split up the bonus because it’s distributed as 10 $25 bet tokens.
  • Focus on straight bets with the bonus, since they’re easier to win.
  • I would suggest using six (6) tokens on straight bets.
  • The remaining two (2) tokens can be used on parlays for a chance at a higher payout.

What To Bet With The DraftKings Bet $5, Get $250 Promo

The Bet $5, Get $250 offer isn’t available currently. Below you’ll find a number of options for the new DraftKings Bet $5, Get $200 promo. Each of the suggestions will have long odds to get you a chance at a better payout.

NBA

  • First Basket Props
  • Alternate Lines (ex. a higher number on points, rebounds, and more).
  • Underdog Moneylines

MLB

  • Home Run Props
  • Alternate Lines (ex. more strikeouts, hits, etc.)
  • Underdog Moneylines

NHL

  • Goalscorer Props
  • Goalie Shutouts
  • Underdog Moneylines

College Hoops

  • Alternate Lines (points, assists, etc.)
  • Underdog Moneylines
  • Futures Bets

NFL

  • NFL Draft Futures
  • Super Bowl Futures
  • Player Next Team Futures

Golf

  • Outright Winners

Soccer

  • Champions League Player Props

Our Expert Take On The DraftKings Bet $5, Get $250 Promo

Overall, the updated $200 DraftKings promo plus 100% Profit Boost Token is a fantastic replacement for the Bet $5, Get $250 offer. I can confidently say that the DraftKings Bet $5, Get $200 promo is one of the best in the industry.

Here’s why:

  • Low Barrier to Entry: You just need to place a $5 wager for $200 in guaranteed bonus bets.
  • $250 in Bonuses: Most Bet & Get offers are capped at $150-200, so getting an extra $50 is huge.
  • 8 x $25 Bet Tokens: The bonus is split up into 8 x $25 bet tokens rather than one $200 credit.

It’s great to be able to get guaranteed bonus bets that can be split up into smaller wagers, making it more likely to help build your bankroll, since you can spread your risk across multiple bets.

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

Author

Frank Ammirante

Frank Ammirante is a Contributor at The Game Day. You will also see his work at RotoBaller, FantasyPros, ProFootballNetwork, and much more. 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 Tout Wars, Scott Fish Bowl, The Great Fantasy Baseball Invitational, and more. He's got a diverse sporting background, but specializes in football and baseball.

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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).

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).

GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).

Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD).

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