DraftKings Promo Code April 2023: Bet $5, Win $150 in Bonus Bets

Top DraftKings offers – verified

DraftKings’ bet $5, win $150 in bonus bets offer for first-time users provides genuinely good value. Here’s the best part: You only need to deposit and wager a minimum of $5, meaning the offer is low-risk. If your wager wins, you get $150 in bonus bets plus any additional earnings. On top of all that, you don’t need to look for a DraftKings promo code since the offer doesn’t require one.

DraftKings Promo Code Quick Facts

DraftKings also has an offer to get a deposit bonus up to $1,000.

Unfortunately, a panoply of restrictive terms and conditions put the up to $1,000 deposit match bonus in a chokehold, making it highly difficult for new bettors to actually receive their reward. Only 20% of your first deposit will be matched by DraftKings, meaning that you must put down $5,000 to acquire the maximum $1,000 bonus.

Once you’ve made your deposit, you’ll need to unlock the site credit by wagering with the sportsbook. For every $25 you bet, you’ll get $1 of the bonus released to your account. So, you’ll have to play through $25,000 to reach that $1,000 mark. Plus, only wagers at odds of -300 or greater will count, and you’ll have 90 days from the date of first deposit to complete the task.

Since the number of markets you can choose from to meet the promo’s wagering requirements is limited, you’ll need to know about the most popular bet types ahead of time. Here are some that you can expect to see when exploring DraftKings’ betting menu:

• Spread: Betting the spread means you’re wagering on a team’s margin of victory or defeat. Backing the favorite will have you hoping they win by more than the given number and vice versa for the underdog.
• Moneyline: A moneyline wager is as simple as it gets – you’re betting on which team will win a game.
• Over/Under (Total): The Over/Under – sometimes called the total – is a bet on the combined number of points two teams will score in a game. Wager the Over, and you’re banking on the teams to exceed the points total; wager the Under, and you’re anticipating that they’ll fall short.
• Props: Standing apart from other bet types, prop bets aren’t connected to a game’s outcome. Instead, they’re linked to a single player’s performance or one aspect of a contest.
• Parlays: Highly popular, parlays combine two or more bets, called legs, into one large wager. Parlays are particularly risky since you need all legs to prove successful to win.

DraftKings Massachusetts: Get $200 in Bonus Bets

New users that sign up for an account with DraftKings Sportsbook in Massachusetts can bet $5, and get $200 in bonus bets instantly.

DraftKings Profit Boost Promotions

There are numerous profit boost promos scattered about DraftKings’ promotions page on a daily basis. You’ll find boosts for Monday Night Football, specific NFL games throughout the week, NBA and college basketball same-game parlays, and more. These boosts tend to only last for a day at a time, so it behooves you to continuously check back and see what the sportsbook has to offer.

DraftKings Refer a Friend Promotion

If you’re a registered DraftKings user, you can invite a friend to join the sportsbook via a personal referral link – this is different from a DraftKings sign up promo code. You and your friend will receive a bonus bet if they click the link, sign up, and deposit at least $25. The amount the bonus bet is worth depends on how much is deposited – if your friend puts down $25, you’ll each get a $25 bonus; if they deposit $100, you’ll both be credited a $100 bonus. A maximum limit of five referrals per user exists for each promotional period.

How to claim DraftKings promo codes

No DraftKings promo codes are necessary to claim any of the sportsbook’s offers right now, but you’ll still need to be in one of the legal online sports betting markets where the operator is active. Regardless of which one you’re in, you’ll be asked to confirm your location – if you’re on desktop, you may be prompted to download a plug-in specific to the sportsbook. Then, you can register and make an initial deposit to qualify for the bonus of up to $1,000 or the bet $5, get $150 offer.

Adhere to the straightforward step-by-step instructions below to claim your welcome offer without the need for a DraftKings promo code:

Register

Begin by registering with DraftKings. As long as you’re 21 years or older and in a region where the sportsbook operates, you’ll be permitted to collect up to a $1,000 deposit match bonus or the bet $5, get $150 offer without the use of a DraftKings promo code. 

Navigating the sign-up process for the first time will dictate having the following information at the ready: Your full name, date of birth, address, phone number, social security number, and government-issued identification – a driver’s license, for example. 

Downloading the DraftKings Sportsbook mobile app will provide you with the most user-friendly registration experience. But the app is not a requirement to claim the welcome bonus, so you can use desktop if you prefer.

Deposit

Once you’ve successfully created your new sportsbook account, you’ll have to deposit funds. Doing so will trigger the welcome offer – for however much you initially put down, DraftKings will match 20% of the amount, up to $1,000, in site credit. So, to unlock the maximum $1,000, you’d need to deposit $5,000 in real cash.

To qualify for the sign-up bonus – keep in mind you don’t need a DraftKings Sportsbook promo code throughout any of this – you’ll need to make a minimum deposit of $5. Of course, exceeding that amount is recommended to make the deposit match worth your while.

Wager

Now you can bet, but DraftKings’ restrictive terms and conditions continue to rear their heads here. After you’ve deposited your cash, you won’t see the site credit right away – instead, you’ll need to unlock it by wagering with the sportsbook. For every $25 bet – this can be done via casino or DFS in addition to sports – you will receive $1 in bonus funds to your account. This means that if you made a $5,000 deposit to garner the $1,000 maximum bonus, you’d have a $25,000 playthrough requirement to meet.

Furthermore, only wagers with final odds of -300 or longer will count towards unlocking the bonus funds, and you’ll have a total of 90 days from the date of first deposit to meet the playthrough requirement.

If you're claiming the bet $5, win $150 in bonus bets offer, you won't have to worry about any of these restrictions. However, you'll only receive the bonus if your qualifying wager wins.

Withdraw

Should you manage to meet the difficult playthrough requirement and unlock all of your bonus, the funds will live in your account as site credit, meaning they cannot be withdrawn or transferred. Rather, site credit must be used to wager further with the sportsbook – any winnings derived from these ensuing bets will be in real, withdrawable cash.

How to deposit on DraftKings

When it comes to user experience, DraftKings leads the pack. Its website is orderly and intuitive, and its best-in-class mobile app simplifies the realm of sports betting to make even the uninitiated feel like experts. Cycling through banking options, navigating active promotions, and parsing through betting markets is a breeze. 

Even so, green bettors may understandably waver when tasked with depositing funds for the first time. We’ve broken down how the process works to ease those concerns – just follow the steps here: 

Go to your profile 

No matter whether you’re using the DraftKings Sportsbook mobile app or are on desktop, you’ll have to create an account and log in to make a deposit. Once you’ve signed in, head to your profile page – the shortcut will be located in the top right corner of your screen on desktop and the top left corner of the app – to bring up your account information. From this page, you’ll be shown multiple account options you can click on, including balance details, current rewards, and more.

Remember: There is no promo code for DraftKings needed at any stage.

Click "Deposit"

While hovering on the profile page, you’ll see two buttons labeled “Withdraw” and “Deposit” near the top of your screen. Select the latter to continue and view your list of potential payment providers.

Alternatively, there is a spot in the upper right-hand corner of the app labeled with a plus symbol that can be clicked on to take you directly to your deposit options.

Select your deposit method(s)

Having reached the deposit methods page, you’ll find two lists: The first suggests a few possible deposit amounts you can select from – ranging from $25 to $500 – with a field at the bottom for you to enter your preferred number manually. The second reveals your banking options, each represented by its name and logo. Click on whichever method you like, and the sportsbook will load a final screen that allows you to enter your relevant information. 

It’s worth reiterating here that, for your initial deposit, you’ll be required to put down $5 or more to qualify for the sportsbook’s welcome bonus – again, with no DraftKings Sportsbook promo code demanded at any point.

How to withdraw your payout from DraftKings

Coming away with your first victorious wager is a memorable experience, as is the subsequent withdrawal of your well-earned spoils. DraftKings makes the latter process easy – you can submit a withdrawal request whenever pertinent.

Withdrawal Methods

Options abound when looking to withdraw your real cash from DraftKings. Wire, PayPal, checks, online banking, eCheck by VIP Preferred, prepaid card – called Play+ – and visiting the cage at a retail location are all viable methods at your disposal. To view the full list of digital selections on the site or app, open your account profile page and click or tap the “Withdraw” button.

Generally, withdrawing funds from DraftKings does not require you to pay a fee. It is important to note, however, that there are withdrawal limits connected to taking out your money that fluctuate depending on which method you’re using. Minimum withdrawals can typically range from $1 to $20; maximum withdrawals can be between $20,000 and $100,000.

When it comes to how long it takes to receive a withdrawal, the timeline can vary. After you’ve made your request and it’s been processed, you’ll receive an email alert notifying you of its completion. From here, the remaining wait time depends upon your chosen withdrawal method. It’s best to assume that it could be up to five business days before your money arrives.

Support

Getting in touch with DraftKings’ customer service team is a snap. Registered users can connect with an agent via live chat – available 24/7 – or use the website’s fillable online form for a typically prompt response. Email, phone, and a prodigious online help center are viable alternatives. And for those who are social media savvy, DraftKings staff manage Twitter, Facebook, Instagram, and YouTube accounts, where they are glad to receive feedback and will answer general inquiries.

• Live chat available 24/7
• Email: sportsbook@draftkings.com
• Phone: Voicemails can be left at 1 (855) 357-2377; callback service is available
• FAQ section
• Twitter: @DK_Assist
• Support languages: English

Where is DraftKings legal?

A trailblazer in the DFS space, DraftKings has built on its success by morphing into a sports betting monolith, creating a product that users trust and that competitors hope to emulate. Over eight million customers are now actively taking advantage of the sportsbook, and as more states open their doors to legal sports betting, that number will only increase.

DraftKings currently operates in 21 states, which you can peruse at your leisure in the table below. If you’ve got two feet firmly planted within one of those states’ borders, you’ll have unfettered access to the up to $1,000 deposit match bonus or the bet $5, win $150 in bonus bets offer. If you're in Massachusetts, you can garner a bet $5, get $200 reward. 

In May 2022, DraftKings Sportsbook entered Ontario’s newly launched iGaming market, providing those in Canada’s most populous province with another top-tier sports betting option. Like all other sportsbooks in that market, DraftKings is regulated by the Alcohol and Gaming Commission of Ontario (AGCO).