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DraftKings Bonuses: An Expert’s Guide to Claiming The DraftKings Welcome Offer

Mike McKean
Editor
Fact checked by: James Leeland
Last Updated on 03.02.2025

DraftKings, a leading name in the sports betting industry, is renowned for its generous welcome offers and exciting bonuses. The DraftKings bonuses and promotions are designed to enhance the overall betting experience, catering to both new and existing players.

The welcome offer, in particular, is an eye-catching feature that draws upon many bettors’ curiosity. Want to know what this bonus is about and if it’s worth it at all? The existing player bonuses are updated all the time, which is why we try to give you the most updated breakdown on them. Read on!

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DraftKings Sports Bonus
Bet $5, Get $200 in Bonus Bets Instantly!
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). 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). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $200 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/ftball. Ends 11/3/24 at 11:59 PM ET.
-
PayPal
Play+
VIP Preferred
Discover
Bank Transfer
Visa
Mastercard
BankWire
Venmo
+3
Bonus Type
Welcome Bonus
Wager
1x Bonus
Min. Deposit
5
Cashable
No

An Introduction to DraftKings Bonuses

draftkings main
Bet at DraftKings from anywhere with your phone
draftkings sports mobile
Seamless betting on DraftKings sport mobile

DraftKings, a powerhouse in the sports betting industry, delivers a robust offering of betting options to players in the United States. Known for its compelling welcome offers and an array of bonuses that cater to both new and existing customers, DraftKings is a brand that continually raises the bar in the online sports betting scene.

Welcome Bonus for New Players

DraftKings is offering an exciting bonus to all new players. This welcome offer is valid till February 9th, 2025, at 11:59 PM (ET). You Must be physically located in AZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NH, NJ, NY, NC, OH, OR, PA, TN, VT, VA, WV, and WY to be eligible for this offer.

When you register with DraftKings as a new player, you can make a $5 wager and receive a $200 bonus welcome offer. After making a minimum deposit of $5 and placing a wager of $5 or more, you’ll instantly receive $200 in bonus funds. The welcome bonus offer comes as eight (8) bonus bets of $25 each. These bonus bets can only be used once, are non-withdrawable, and must be wagered at least once before any rewards can be cashed out. The bonus will expire 7 days (168 hours) after it’s been credited. Also, note that Stake was removed from the payout. Terms: sportsbook.draftkings.com/promos.

1.
Sports Bonus
Deposit Bonus
20% up to $1000
Min. Deposit: $5
Cashable: Yes
Odd: -
-
T&Cs apply, 21+
2.
Sports Bonus
Welcome Bonus
Bet $5, Get $200 in Bonus Bets Instantly!
Min. Deposit: $5
Cashable: No
Odd: -
-
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). 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). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $200 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/ftball. Ends 11/3/24 at 11:59 PM ET.

A Super Simple Guide to Using the Bonus

Here, we give you a simple walkthrough for claiming these DraftKings promotions. This will help you avoid any problems and avoid stress.

1. Sign Up at DraftKings

This is really easy to do. It’s in the top right corner of the site. You’ll have to provide payment details and personal information like your email address. The welcome bonus is only available to new users.

2. Make A First Deposit

The minimum deposit to qualify for the bonus is $5. You don’t need a DraftKings bonus code.

3. Place Your Bet

You can choose any market on the sportsbook. You get your bonus bets, whatever happens to your qualifying bet.

4. Claim Your Bonus

Now, you can freely use your bonus bets!

Knowledgeable Tips to Know About Your DraftKings Bonus

Explore New Markets with Your Bonus Bets

Since you are rewarded with such a high total value of free bets for a low minimum deposit, use them to try out new markets that you may not usually venture into.

You Can’t Redeem Your Free Bets for Cash

Remember that with this bonus, you cannot redeem the free bets directly for cash. If you’re looking to take home rewards, then you’re going to have to do just that: secure the rewards. So, plan your free bets wisely.

Don’t Underestimate the Validity Period

Your free bets expire in just 7 days. That may be a lot of bets to place if you are new to sports betting and you’ll need to choose bets that settle quickly.

Be Prepared to Lose your Free Bet Stake

Most bonus bets from any bookie are SNR (Stake Not Returned). Don’t be surprised when accounting for your potential rewards.

Utilise the Lack of Wagering Requirements

Unlike other sportsbooks where you may need to wager a certain number of times before you can withdraw your rewards, DraftKings allows you to enjoy your bonus bets without this limitation.

Key FAQs about the Bonus

🤑 Do I have to deposit $150 to get the DraftKings bonus?

No, the beauty of the DraftKings bonus is that it’s not a matched deposit. That means a lot of reward for a low commitment. Just a $5 real money deposit is enough to set you on your way to your bonus bets!

💵 What payment options are there for the DraftKings’ bonus?

A variety of payment options are available for securing the DraftKings’ bonus. You can use credit and debit cards such as Visa, MasterCard, and Discover. For those who prefer online methods, options like PayPal and bank transfers are also available.

🎱 What are the best things about DraftKings’ bonus?

The bonus at DraftKings is paid as six $25 Bonus Bets that are credited to your account after making a qualifying wager that has been settled.

👍 Will I need a promo code for the DraftKings’ bonus?

No, you do not need a DraftKings promo code to claim the bonus. The process is straightforward and user-friendly.

🏈 What sports markets can I bet on with DraftKings’ bonus?

You can bet on a wide range of sports markets with the DraftKings’ bonus. From popular choices like football, basketball, and baseball to niche markets like golf, motor racing, and rugby, there is something to suit every sports fan.

DraftKings VIP Rewards & Loyalty Promos to Consider

DraftKings has a dedicated VIP program for its most loyal customers to go along with the regular DraftKings offers. Interestingly, this is by invitation only. However, you can get credits through their loyalty program known as Dynasty Rewards, in which you get chests of crowns that unlock rewards, including bonus bets, as you go.

Dynasty Rewards

TierAccess to Promotions Across DraftKingsMonthly Crown Accrual BoostPriority Customer Support24/7 Chat Support AccessDedicated VIP Host
BRONZE

Complementary for All Players
SILVER

5,000 Tier credits
10%
GOLD

25,000 Tier Credits
20%
DIAMOND

90,000 Tier Credits
30%
ONYX

175,000 Tier Credits
40%

More Rewards for Every Kind of Bettor

Given this great reward system, it is no surprise people often rank DraftKings as one of the best bookmakers online. Yet, there’s even more to enjoy. Depending on when you sign up, you might benefit from a 25% boost to use on parlays for men’s college basketball. You could also get a 33% profit boost on any Soccer SGP/SGPx bet. In other sports, if you create a 3+ leg same game parlay and only one of your legs loses, then you’ll get a bonus bet back.

That’s still not all. You could participate in the refer-a-friend scheme for a chance to get bonus bets, and you may even be able to take part in free to play competitions. Always keep an eye on the promotions page for the most recent offer.

DraftKings Sports Bonus

Learn More About The DraftKings Bonus

draftkings
DraftKings sport betting
draftkings
Bet on major sports

Welcoming both newcomers and seasoned bettors, DraftKings delivers a sublime betting experience bolstered by a welcome offer that gets you $100 in bonus bets to use with a minimum $5 deposit. The no-strings-attached bonus, usable across a multitude of sports markets, promises to supercharge your betting journey right from the start.

Testing Out the Bonus in the Office

We decided to put the DraftKings bonus to the test, to provide our readers with an authentic, firsthand account of the experience. We started by signing up with the register pop up on the site. We provided our email, then our personal info and our payment details and desired deposit option.

With a minimum deposit of $5, we were able to claim our free bets. We were able to apply the bonus across a variety of sports markets, from mainstream sports like football and basketball to more niche areas like golf and motor racing. We noticed that the bonus was paid as six $25 bonus bets, which we used across multiples and spreads on some upcoming Premier League fixtures. All this was easy to do, with little hassle. This is the best DraftKings offer we’ve seen in a while.

Our Tips on Withdrawal

Withdrawing your bonus usually hinges on a crucial factor: wagering requirements. Fortunately, there are nonexistent for this bonus. This feature sets DraftKings apart from many other online betting platforms, giving you the freedom to withdraw your rewards without having to bet your bonus and additional certain amount of times beforehand. If you are victorious in a bet using bonus funds, the rewards automatically become yours to keep. The minimum withdrawal for rewards is $15, and you can check out all your payment options in our DraftKings review.

Don’t Fall for These Bonus Traps

While it’s true that DraftKings’ bonus does not have wagering requirements, there are excluded bets, which include:

  • odds boosts
  • profit boosts
  • bonus bets
  • cash out bets
  • voided bets

Be sure to avoid placing qualifying wagers with these excluded options.

People also forget that the bonus bets that you get are non-cashable, non-transferable, and non-refundable.  So, bear this in mind as you plan to use them as you’ll need to factor this into your strategy.

Our Final Verdict on the Bonus

In conclusion, the bonus at DraftKings provides an unparalleled sports betting experience, amplified by the generous low-deposit bonus bet offer and lack of wagering requirements. It’s an ideal option for both newcomers and seasoned bettors, with a host of sports markets to choose from. However, do bear in mind that not every single type of bet counts, so you should review the exclusions. If you think you can handle it and want to experience a fun way to test out a bookie with tons of free bonus cash, why not give DraftKings a try?

DraftKings
Sports Bonus
Bet $5, Get $200 in Bonus Bets Instantly!
-
PayPal
Play+
VIP Preferred
Discover
+8
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). 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). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $200 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/ftball. Ends 11/3/24 at 11:59 PM ET.

Our Ultimate Say on DraftKings Bonus Offers

The striking DraftKings on bonus offer coupled with the flexibility to bet on a diverse range of sports markets make it an impressive destination for both novice and seasoned bettors. We particularly like the opportunity to gain up to $150 in free bets with a low minimum deposit. What’s more, the lack of wagering requirements like minimum odds gives you greater variety and control. The bookmaker’s dedication to customer satisfaction is further underscored by its robust VIP program, which rewards loyalty with an array of rewarding benefits.

As you venture into the world of sports betting or seek to enrich your betting experience, consider leveraging DraftKings’ bonus offers by taking a glance at our main operator DraftKings review.

DraftKings
Sports Bonus
Bet $5, Get $200 in Bonus Bets Instantly!
-
PayPal
Play+
VIP Preferred
Discover
+8
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). 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). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $200 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/ftball. Ends 11/3/24 at 11:59 PM ET.

DraftKings Offers FAQ

❓ What is the bonus at DraftKings?

DraftKings provides an attractive bet and get bonus for new users as a welcome offer. The size of the bonus is quite substantial, providing a significant boost to your betting experience from the start. The bonus can be used in any sports market, opening up a world of possibilities for your betting strategy.

🏧 What is the minimum deposit for the bonus at DraftKings?

The minimum deposit required to qualify for the DraftKings’ bonus varies depending on the region. However, typically the minimum deposit is set at $5.

⏱️ Is there a time limit for using DraftKings’ bonus?

Yes, there is a time limit for using the DraftKings’ bonus. The free bets expire after seven days.

👌 What are the best things about the bonuses at DraftKings?

The bonuses at DraftKings are particularly appealing for several reasons. First and foremost, the size of the bonus offers a significant boost to your betting experience, allowing new users to make substantial wagers from the get-go. Secondly, the flexibility of the bonus is a major asset.

🎲 What are the wagering requirements for the bonus at DraftKings?

One of the key attractions of DraftKings’ bonus is that it does not impose any wagering requirements. This means that you can withdraw rewards from your bonus bets without having to wager a certain number of times.

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Written by Mike McKean