DraftKings Promo Code July 2024: Bet $5, Get $150 in Bonus Bets

Best DraftKings promo code

Editor’s note: The offer(s) outlined here are for eligible U.S. customers only.  

DraftKings’ bet $5, get $150 in bonus bets welcome offer for first-time users provides genuinely good value. Here’s the best part: You only need to deposit a minimum of $5, and wager $5 or more, meaning the offer is extremely low-risk. Win or lose, DraftKings will credit your account with $150 in bonus bets. Not bad.

On top of all that, you don’t need to look for a DraftKings promo code since the offer doesn’t require one. Instead, this promo is applied automatically to everyone who meets the conditions. 

DraftKings DC promo code

DraftKings is now live in Washington, DC! To celebrate its launch in the nation's capital, the iconic sportsbook is offering a bet $5, get $200 in bonus bets new customer bonus. The terms are basically the same as the $150 offer available in all other states, except you get an extra $50 in bonus bets.  

If you're in DC, act fast to snag this excellent offer since we expect DraftKings will switch it back to the standard $150 offer in a few weeks. 

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DraftKings promo code: how to qualify

While the DraftKings $150 bonus bets offer doesn't require you to input anything during registration, there are other elements of the bonus to keep in mind. We've laid them out clearly for you here:

Here's a short step-by-step guide to collect the DraftKings bonus:

• Begin by registering with DraftKings Sportsbook.
• You must deposit at least $5 and wager at least $5 on any sports market.
• Win or lose, you'll be credited with $150 in bonus bets.
• The bonus bets arrive as multiple $25 bonus bets.
• Bonus bets are not redeemable for cash.
• Bonus bets will be paid out with 72 hours of your first bet, but often come almost instantly.
• If you do not use the bonus bets within seven days, they will expire.
• The bonus is available until Aug. 18, 2024, at 11:59 p.m. ET.

Bet $5, Get $150 in Bonus Bets

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How to enter promo code on DraftKings

A DraftKings promo code isn't necessary to claim any of the sportsbook’s offers. However, you’ll still need to be in one of the legal online sports betting markets where DK is licensed and open for business.

Regardless of which one you’re in, you’ll be asked to confirm your location — if you’re on a desktop, you may be prompted to download a plug-in specific to the sportsbook. If you're using the mobile app, ensure location services are enabled. Then, you can register and make an initial deposit to qualify for the $150 in bonus bets welcome offer.

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

1. Register

Begin by registering with DraftKings. As long as you’re 21 years or older and in a region where the sportsbook operates in the United States, you’ll be permitted to collect the DraftKings $150 in bonus bets promo code offer. DraftKings is available in 25 states.

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

2. Deposit

Once you’ve successfully created your new sportsbook account, you’ll have to deposit funds. 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. 

3. Wager

Now, you can bet. Once you've searched DraftKings' exhaustive betting menu and picked out a preferred market, place your $5+ qualifying wager. Remember that you'll collect the $150 in bonus bets no matter how your bet settles, so there is no need to focus on a heavy favorite or a longshot underdog. Make any bet you want!

4. Withdraw

If your first bet wins, you can withdraw the winnings right away. And even if it loses, you'll still earn bonus bets in $25 chunks. The bonus bets cannot be cashed out, though. They are only used to make additional wagers without risking more of your own money. 

All DraftKings promotions

DraftKings consistently has some of the best sportsbook promos available for both newbies and existing customers. Once you've collected the welcome offer, you should stick around for plenty of frequent, ongoing promotions that keep things interesting. 

Here's a quick breakdown of DraftKings's current active promotions beyond the welcome offer. Bookmark this page to discover any fresh offers DK may provide or head to the "promos" section inside the DraftKings app.

DraftKings current sign up bonus

Frequent No Sweat Bet offers, profit boosts, and other ongoing promotions are just part of being a DraftKings customer. There's always a little extra available if you know where to look. That being said, none of the promotions for existing users are as valuable as the bet $5, get $150 in bonus bets welcome offer.

DraftKings promo code for existing users

Unfortunately for existing DraftKings users, there's no bonus available that compares to the one-time welcome offer. However, that doesn't mean long-time users are merely hung out to dry. DraftKings offers plenty of ongoing promotions, including odds boosts, occasional No Sweat SGP tokens, daily profit boosts, and special bonuses for big sporting events. 

DraftKings regularly breaks out special offers for big sporting events, like the Super Bowl, March Madness, Euro 2024, or the NBA and NHL Finals. Watch its 'Promos' sections for regular updates. 

DraftKings bonus comparison

The competition amongst legal sportsbooks is fierce. They all want your business, so you can find a bunch of attractive welcome offers in almost any legal betting state. You should take a moment to compare the various offers and choose which one bets suits your betting style and bankroll size. Or, better yet, try to claim as many as you can, maximizing potential profit with the least amount of risk possible.

Here's a quick glance at how DraftKings' welcome bonus compares to the other major industry names:

NOTE: The DraftKings bonus in Washington, DC, is bet $5, get $200 in bonus bets. 

DraftKings Casino promo

If you reside within Michigan, New Jersey, Pennsylvania, or West Virginia and have yet to register with DraftKings Casino — one of the top real money online casinos — you can claim a special welcome bonus.

Just make a minimum deposit and at least $1 of cumulative wagers. Once you've done that, DraftKings will give you $100 in casino credit. You need to playthrough the bonus funds at least once before you can withdraw them as cash. Luckily, all DK Casino games count 100% towards redemption (except Live Dealer games).

As with the sportsbook, no DraftKings Casino promo code is necessary here.

Play $1, Get $100 in Casino Credits Instantly

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Play Now

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• Sign up with DraftKings Casino and create your new account.
• Opt in to the offer within seven days of registration.
• You must make a minimum deposit and wager at least $1 to unlock the offer.
• The bonus funds must be wagered 1x before you can withdraw your winnings.
• If you do not use the bonus funds within seven days, they will expire.

DraftKings fantasy promo code

DraftKings was founded as a daily fantasy sports (DFS) platform long before it ventured into sportsbook and casino offerings. True to its roots, DK still offers DFS contests and a solid daily fantasy welcome offer. 

• Get a $500 deposit bonus without needing a DraftKings daily fantasy promo code.
• Choose from multiple popular sports: football, hockey, basketball, golf, NASCAR, MMA, and more.
• Choose a type of contest: Causal, Head-To-Head, 50/50s, or Tournament.

Daily fantasy sports is a fun twist on regular betting or traditional fantasy leagues. You can draft a roster like in traditional fantasy sports, but without needing a season-long commitment. You can root for individual players without being concerned about the final score or which team wins. 

Where is DraftKings legal?

DraftKings currently operates in 25 states and recently launched in Washington, DC (where it has a unique welcome bonus), all of 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 bet $5, get $150 in bonus bets welcome offer.

In May 2022, DraftKings Sportsbook entered the newly launched Ontario sports betting and 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).

DraftKings promo offers by state

DraftKings in future states

DraftKings is already leading the way when it comes to available states, with licenses to operate in 25 different U.S. states, plus Washington, DC. However, math experts will quickly notice that leaves another 25 states still on the table.

Some states seem to be inching towards legalizing sports betting, with Georgia being the most likely next candidate (even if they aren't particularly close yet). Others, like Utah, appear to have no intention of even considering new gambling legislation. Check our legal sports betting state tracker for the most up-to-date information. 

Other states that have at least considered adopting new sports betting legislation include Alabama, California, Missouri, Minnesota, and Oklahoma. However, it seems highly unlikely that any of them will introduce legalized sports betting in 2024. Unless something drastically changes, we're looking at 2025 or beyond for these states. 

In something of surprise, DraftKings CEO Jason Robins recently mentioned the company had its sights set on Texas, a state that has been notoriously anti-gambling for a long time.

DraftKings sportsbook review

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 — and sprouting the now constant FanDuel vs. DraftKings debate.

Read our full DraftKings review to get a sense of everything the sportsbook has to offer and take a look at the top highlights below.

DraftKings mobile app

Few sports betting apps can hold a candle to DraftKings. The iconic sportsbook's mobile platform amazes with a striking and clean interface, constant promos for new and existing users, straightforward navigation, tons of betting options, and high-quality security.

The DraftKings app is available in the Apple App Store for iOS users and Google Play store for Android users. You can also find download links via the sportsbook's website.

DraftKings key features

DraftKings brandishes all the key features bettors expect from a top-tier online sportsbook. Here are a few of the best:

🔥 Live betting — As one of the premier live betting sites, DraftKings boasts a packed "Live In-Game" section containing the typical markets as well as numerous micro-betting opportunities.

🔥 Same-game parlays — Building same-game parlays with DraftKings is simple: Either construct your own by meticulously selecting your preferred legs or take advantage of the sportsbook's "Quick SGPs" feature, which provides pre-made options.

🔥 Early cash out — Most relevant online sportsbooks offer early cash out, and DraftKings is no different. If you decide you want to bow out of a wager early, you can remove money from your active bet before a game ends.

DraftKings pros and cons

Although DraftKings is considered by many to be the top sportsbook in the nation, no sports betting product is perfect. We've outlined the platform's pros and cons below:

Pros

✅ Top-rated mobile app — Undeniably, the marquee element of DraftKings' sports betting product is its mobile app. Smooth and simple navigation, thoughtful organization, and general reliability give it an edge over even the most fierce competitors. 

✅ Ongoing promotions — DraftKings delivers much more than just a sign-up bonus. Its Dynasty Rewards program, same-game parlay offers, and profit and odds boosts are never-ending. You'll never need a DraftKings Sportsbook promo code, either.

✅ Exhaustive betting menu — Whatever sporting events you're interested in betting on, be they popular options like basketball or football or niche selections like cricket or rugby, you'll find them within DraftKings' massive betting menu.

Cons

❌ Bet limits for odds boosts — While DraftKings is quick to offer odds boosts, the promos almost always contain wagering restrictions to cap their potential. 

❌ Weak alternate welcome offer — Despite DraftKings' primary welcome offer being a great deal for first-timers, its alternate option — a 20% deposit match worth up to $1,000 — is the opposite. You must put down $5,000 and bet $25,000 to garner the entire $1,000 reward.

Popular DraftKings bet types

DraftKings offers a swath of betting options across multiple markets. We've outlined the most popular choices below:

• Spreads
• Moneylines
• Over/Unders
• Props
• Parlays

Props and parlays are particularly favored amongst NFL bettors. With the 2024-25 season coming up fast, you can check out our guides on the best prop betting sites and parlay betting sites to learn which sportsbooks are tops at offering these bet types.

DraftKings sports to bet on

DraftKings is an industry leader in the legal sports betting market. As such, they offer one of the most robust lineups of available sports you can wager on. On any given day, depending on your state, you can find odds for at least 30 sports. 

All the mainstream sports are accounted for, of course, but you'll also find markets for niche sports like volleyball, snooker, jai alai, futsal, darts, and cycling races from around the world.

DraftKings is one of the best sportsbooks for NFL betting, offering great football betting promos and a competitive Super Bowl betting promo.  

DraftKings odds quality and betting limits

When it comes to pricing, DraftKings does more than enough to stay competitive. While there are sportsbooks that outperform DK in this category, they tend to lack in other areas where DraftKings excels. You'll find many of the top platforms, such as FanDuel, BetMGM, and Caesars, all host similar odds.

As for betting limits, DraftKings does enforce restrictions — especially on odds boosts. You may even find yourself limited if you are consistently beating the house for major wins. However, most casual bettors shouldn't find this much of an issue. Like FanDuel, DK states that their maximum payout for any bet will be $1 million.

DraftKings payment methods

Banking with DraftKings is unsurprisingly simple — the sportsbook offers all the most popular methods, including credit and debit cards, PayPal, Play+, and Venmo. Even the uninitiated can feel like experts cycling through the process, making DraftKings arguably the best online sportsbook for payouts.

DraftKings customer 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, social media, and a prodigious online help center are viable alternatives.

• 📱 Live chat: Available 24/7
• 📧 Email: sportsbook@draftkings.com
• 📞 Phone: Voicemails can be left at 1 (855) 357-2377; callback service is available
• 🐤 Twitter: @DK_Assist
• 👩‍💼 Support language(s): English

Why choose DraftKings?

DraftKings is regularly considered one of the best online sportsbooks in the business and for many good reasons. It combines ease of use and a generous welcome bonus with a seamless mobile app and terrific overall odds. Throw in frequent, ongoing promotions for existing customers, and you've got yourself a real winner. The real question is: why wouldn't you choose DraftKings? We can't think of any good reasons. 

⭐Our Overall DraftKings Rating: 4.7/5.0

DraftKings user reviews

DraftKings is easily one of the most popular online sportsbooks on the market. With millions of daily users, there's no shortage of opinions from around the internet. We sorted through hundreds of comments on Reddit, Trustpilot, the iOS App Store, and the Google Play Store. We also asked our own SBR Community to have a say in our forums. 

Here's how the general sports betting public feels about DraftKings:

"The bonuses are way above my expectations, especially the $1,500 first-bet insurance and the 2 Run Up early payout for MLB games. Reduced juice would be nice, but I think it's the #1 book in the United States. Customer service was also great to deal with when I had an issue."

-raiders72001, SBR Forum user

[Editor's note: the $1,500 first bet insurance and 2 Run Up MLB promo are not currently available, but DraftKings does cycle them back into the rotation regularly.]

"Great sportsbook. Plenty of options. Great boosts! They care about their customers too, unlike some of their rival sportsbooks. Five stars!"

-Behls, iOS App Store Review

"I don't understand why there are negative reviews. DraftKings is the best betting app out there, in my opinion. No issues with deposits and withdrawals hit my bank account almost instantly every single time. They have promos running every day, and most bonus bets only have a 1x wagering requirement before it becomes instant cash."

-Donovan McDaniel, Trustpilot user

(User comments may be edited for spelling, grammar, and/or clarity.)

Recent DraftKings updates

Additional sportsbook promo codes

While you don't need a DraftKings bonus code to snag the online sportsbook's sign-up offer, you may require one when looking to garner a bonus from another of the country's best betting sites.

We've done the work for you by closely inspecting Caesars, DraftKings, FanDuel, and more to provide you with information on each site's sports betting platform and promo code offerings:

• bet365 bonus code
• Betfred promo code
• BetMGM bonus code
• BetRivers bonus code
• Borgata promo code
• Caesars Sportsbook promo code
• ESPN BET promo code
• Fanatics promo code
• FanDuel promo code
• Golden Nugget promo code
• Hard Rock Bet promo code