NOTE: This offer is now expired. DraftKings has a Bet $5, Get $150 welcome bonus for new signups. If you’re located in AZ, CO, CT, IL, IN, MA, ME, NC, OH, PA, WY, or WV, simply place a $5+ wager and you’re guaranteed $150 in bonuses, even if your bet loses.
Users in DC, IA, KS, KY, LA, MD, MI, NJ, NY, TN, VA, or VT will need to win their first wager ($5+) in order to get the $150 in bonus bets.
Read more about the DraftKings promo code.
DraftKings has a Bet $5, Get $200 for new signups. You won’t have to enter a promo code to activate this enticing offer.
Simply make your first deposit, place a bet on NFL (or other markets), and once it’s settled, you’ll receive your $200 in guaranteed bonuses.
or read on to learn about the terms and conditions attached to this DraftKings Bet $5, Get $200 promo.
DraftKings $200 Promo Code
New users can take advantage of a Bet $5, Get $200.
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get your bonus bets instantly and there’s no playthrough requirement - any money you win from these bonus bets can be withdrawn immediately.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
- Click our “Get Bonus" button to get to DraftKings.
- Register for a new account.
- Create a username and password.
- Include your name, birth date, address, and more.
- Make a minimum deposit of $5.
- Place a bet of at least $5 on the NFL or any other market.
- Even if you lose, you will get $200 in bonus bets plus one month of NFL+ Premium.
- 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.
These bonus bets will expire after seven (7) days and are not eligible for DraftKings odds boosts or to be settled using the cashout feature.
Read our DraftKings Sportsbook hands-on review to learn more about the platform.
How the DraftKings Bet $5, Get $200 Promo Works
Taking advantage of the DraftKings $200 promo is easy — just follow these steps:
- Click “Claim Offer" 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.
Terms & Conditions
- New users only.
- Minimum deposit is $5.
- Place a $5+ bet on NFL or any other market.
- Win or lose, get $200 in bonuses + one month NFL+ Premium subscription 72 hours after this bet is settled.
- The bonus is divided into eight (8) $25 bet tokens.
- Bonus bets must be used within seven days or they will expire.
- You cannot withdraw bonus bets from your account.
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 eligible states.
Why I Like the DraftKings Bet $5 Get $200 Promo
Here’s why I like the DraftKings Bet $5, Get $200 promo:
- You can make a $10 deposit and $5 bet to get $200 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 best way to use the DraftKings $200 promo is to try to convert a Hail Mary pass on a longshot prop with your $5 qualifying wager.
This is because you are going to get the $200 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 $200 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 Bet $5, Get $200 promo is available in each state where DK operates, such as:
- Arizona
- Colorado
- Connecticut
- Washington, D.C.
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- New Hampshire
- New Jersey
- New York
- North Carolina
- Ohio
- Oregon
- Pennsylvania
- Tennessee
- Vermont
- Virginia
- West Virginia
- Wyoming
How to Withdraw My DraftKings $200 Promo Winnings?
- Go to your account and click “Withdraw.”
- You may be prompted to verify your account.
- 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
