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

This top-rated DraftKings promo code earns all new users $150 in instant bonus bets upon signing up. All that is required is an initial deposit and first-time wager of $5. The best part? You don't even need to place a winning first bet. You will receive the $150 in bonus bets regardless of if your initial wager settles as a win or loss.

If your first wager does happen to settle as a win, you will also receive any winnings associated with that wager. Bonus bets are awarded as six $25 bonus bets and have a 1X playthrough requirement. Bonus bets will expire after seven days.

Sports bettors must meet minimum age requirements and be in a legal sports betting state to use the DraftKings promo code. Geolocation will help to identify which state you are in.

Other current offers include odds boosts, bet-and-get bonuses and the DraftKings Sportsbook Refer-A-Friend program. Click any of the BET NOW buttons located on this page to get started with all of these DraftKings promos and begin placing bets on one of the top online sportsbooks.

Let's walk you through exactly how new users can claim the DraftKings promo code. You can start sports betting on the DraftKings sports betting app or choose to use the desktop or mobile version of the site.

1️⃣ Click the "BET NOW" link on this page to create a new DraftKings Sportsbook account.

2️⃣ Complete the new user registration form with your personal identifying information.

3️⃣ Make a qualifying deposit of at least $5 using any of a myriad of payment methods available.

4️⃣ Place a first bet on any sports betting market and bet type that qualifies for the DraftKings promo code sign-up offer.

5️⃣ Bonus bets will be credited to your DraftKings account no matter the result of your first bet. 

Alongside the DraftKings promo code for new users, you can also claim a number of all-user promotions and bonuses upon completing the registration process and logging into your account.

💰 Odds Boosts

You can place wagers every day with odds boosts on DraftKings Sportsbook. Odds boost are a staple with boosts typically ranging from 10-25%. Locate boosted odds offers through the DraftKings "Promotions" page and your personal rewards, where you can also find profit boosts and odds surges. After adding a qualifying bet to your bet slip, hit the "Bonus Available" link on the bet slip to select the boost you want to apply.

💰 No Sweat Same Game Parlays

Often one of DraftKIngs' key NBA betting promos. "No Sweat Same Game Parlays" are a great way to wager on all the latest basketball odds. Typically offered around key events like the NBA Playoffs, No Sweat Same Game Parlays allow you to create same game parlays and receive bonus bets back in the event your parlay does not hit.

💰 Profit Boosts

Get exclusive profit boosts on select bet types and sporting events -- up to as much as 50%. For example, DraftKings offered a 50% profit boost on a ny golf bet type during the PGA Championship. Check the "Promotions" tab frequently to see which profit boosts are available on a given day.

💰 Referral Bonus

Refer a friend to sign up for a DraftKings Sportsbook account wirh your unique referral link and unlock an extra bonus bet worth up to $100.

💰 Jackpot Pools & $5K Daily Prize Pools

Looking for more ways to play at DraftKings Sportsbook? Take advantage of its unique Jackpot pools and daily prize pool features to unlock even more bonus bets. Contest pool amounts have reached as high as $25,000 for certain events.

💰 New State Promos

Whenever DraftKings Sportsbook goes live in a new state, it is commonplace for it to offer a special promo to new users in that state. For example, recent states that launched online sports betting like North Carolina, Kentucky, Massachusetts, Vermont, Kansas and Ohio all received unique DraftKings promotions for a limited time.

The DraftKings app is very similar to the desktop version of the DraftKings online sportsbook website. Functionality and navigation are highly rated, with the DraftKings Sportsbook app betting menu providing sports bettors with one of the most expansive betting menus in the industry. Explore sports betting markets and bet types in all the different sections of the DraftKings mobile app with ease, all from the comfort of your mobile device.

After using the DraftKings promo code, sports bettors can download the DratfKings Sportsbook app and begin viewing all the latest odds, bonuses, promotions and features.

✅ Live Cash Out Options

Cash out is an innovative feature available on the DraftKings Sportsbook app. Sports bettors can cash out a bet with live odds, or you can even cash out part of your bet during the game. Cash out is available on select sports and betting markets, and can be advantageous if you find yourself in a position to win big and you want to hedge your bet. Cashing out can also minimize your risk, as you can use it to cash out a parlay that's down to its last leg as well.

✅ User Feedback On The DraftKings Sportsbook App

The user feedback on the DraftKings Sportsbook app is positive from both iOS and Android users. The DraftKings Sportsbook app has a rating of 4.8/5 with more than 619,000 ratings in the Apple App Store and is ranked #3 in Sports. On Android, there has been over 1 million DraftKings Sportsbook app downloads from the Google Play Store with a combined score of 4.6/5 from 115,000 reviews.

✅ Easy to use Betting Interface

Already known for its extremely successful DFS platform, it's no surprise that the DraftKings Sportsbook app has one of the cleanest, and easiest to operate betting interfaces across all mobile sports betting apps. You can quickly access all of your bets and odds with just a few taps of your screen. Making deposits and withdrawals through the app is easy as well.

✅ User Reviews

"Customer service is exceptional! I won't get into detail but I had a small disagreement and it was resolved within an hour...not only did they make right on their end, they actually gave me more than I was even asking for to resolve the issue! I had to leave a positive review and will continue betting with DK for sure! It's hard to find great customer service nowadays!" - Matt Beats, 5/5 ⭐️ rating

"Hands down the best site out there to follow. all your favorite favorite teams in every sport imaginable extremely easy to place bets as well as withdraw money from your winnings. if you want a great experience DraftKings is the place to go, trust me you won't be disappointed." - Thomas Dyer, 5/5 ⭐️ rating
 

DraftKings Sportsbook has every bet type and sports betting market that sports bettors have become accustomed to in the mobile sports betting industry.

These are the most common bet types to choose from at DraftKings Sportsbook:

• Moneyline Bets
• Point Spread Bets
• Over/Under Bets
• Parlay Bets
• Futures Bets
• Teaser Bets
• Prop Bets
• Live Betting
• Same Game Parlays

🏈 DraftKings NFL Promo

Duriing football season, DraftKings is known for offering its user-base a large variety of unique NFL betting promos. This includes odds boosts, profit boosts, bet-and-gets, featured parlays and more. DraftKings is generally regarded as having one of the best NFL betting apps on the market.

🏀 DraftKings NBA Promo

As mentioned previously, one of the more popular NBA betting promotions is its inclusion of "No Sweat Same Game Parlays." With same game parlays being such a popular wager type for basketball fans, it's no wonder that DraftKings Sportsbook has become a hub for those looking to wager on NBA odds.

⚾️ DraftKings MLB Promo

One of the top MLB betting promos available at DraftKings is its "Early Win" promotion. Go up 2+ runs and win your moneyline bet instantly on eligible MLB odds and bet types.

🏒 DraftKings NHL Promo

Similar to the other sports mentioned above, DraftKings enjoys offering its users a wide variety of NHL betting promos and boosts during hockey season. This can include profit boosts, boosted odds and same game parlay promotions. If you're looking to wager on NHL odds, it is always worth checking out the "Promotions" tab on DraftKings first before placing any bets.

🏆 More DraftKings Promos by Sport

Additionally, DraftKings Sportsbook also offers odds and boosts on a number of other, more niche sporting events like tennis, racing, boxing, soccer, badminton, golf, etc. DraftKings is specifically popular when it comes to MMA & UFC odds, consistently offering exclusive MMA betting promos around big UFC events.

No matter what sport you are looking to wager on, DratfKings likely has odds and promos for you to take advantage of. You can also use any bonus bets unlocked through the new-user DraftKings promo code to bet on any of these sports markets.

DraftKings is one of the best online sportsbook sites and apps for sports bettors in the nation. As is true with any online sports betting operator, there are always pros and cons to consider.

Here are the top pros and cons of DraftKings Sportsbook:

Pros

     ✅ A smooth interface with a user-friendly online sports betting platform on both the app and website

     ✅ An expansive range of sports betting markets, including a large menu of prop bets

     ✅ A plethora of fast and easy payment methods with quick withdrawal processing times

Cons

     ❌ Feedback indicates that DraftKings customer service could be more efficient

     ❌ Users sometimes complain that the app can be slow at times, however our experts did not encounter this during our review

     ❌ Lower maximum bet limit on certain odds boosts

DraftKings Sportsbook comes equipped with lots of top banking choices, which emphasize security and ease of use. Two of the best payment options are PayPal and credit cards.

A rundown of the best banking options includes the following, with max withdrawal limits in parentheses:

• PayPal and eWallets - (Max $60k)
• Debit and Credit Cards - (Max $25k)
• eCheck - (Max $100k)
• Online Banking - (Max 100k)
• Venmo - (Max $20k)
• Apple Pay - (Max $25k)
• Play+ Prepaid Card - (Max $25k)
• Wire Transfer
• Cash at Cage
• Check via Mail (takes up to two weeks)

Most withdrawals are processed within two days, but online banking can take up to five days. Debit card withdrawals can reach your account within 24 hours while an e-check can take up to three days.

Explore Secure Payment Options for Deposits & Withdrawals

Your available funds at DraftKings Sportsbook are easy to account for, with all deposits made with SSL encryption. The deposit methods available to you will depend on your legal sports betting state. If you wish to withdraw to another method, you may have to offset your deposits from your original payment method first.

How to Cash Out Your Earnings From DraftKings Sportsbook 

To cash out your winnings from DraftKings Sportsbok, go to the deposit and withdrawal section on the "My Account Information" page and click "Withdraw." Type in the amount you want to withdraw and check the withdrawal processing times and limits with your desired payment method. DraftKings Sportsbook provides multiple withdrawal options to best meet your personal needs.

DraftKings has a number of customer service options available if any issues pop up while using the app or online betting site:

• 💬 24/7 live chat
• ✉️ By Mail
• ☎️ Phone (callback or voicemal)
• 📄 FAQ Sections
• 📍 X (Formerly Twitter)

DraftKings Sportsbook is overseen and regulated by independent regulatory bodies in each state it holds a sports betting license. The online sportsbook implements advanced security and industry-leading SSL technology with leading encryption and data protection for the safety of its sports bettors. Further protection is available using features like password-protection or enabling two-factor authentication. All responsible gambling features are also available at DraftKings Sportsbook including limit setting and self-exclusion.

The DraftKings Sportsbook promo code compares favorably to the welcome bonuses of other top sportsbooks like BetMGM, Caesars Sportsbook and FanDuel.

DraftKings has a plethora of standout online sports betting offers, like odds boosts, profit boosts and early cash out, along with a wide choice of bet types and sports betting options. The many payment methods and a high-quality mobile app make DraftKings Sportsbook a top choice for sports bettors.

Compared to other offers like the BetMGM bonus code and Caesars Sportsbook promo code, DraftKings offers a much more user-friendly promotion. Other sites often require a large initial deposit as high as $1,500, whereas DraftKings only needs you to deposit and wager $5 to receive instant bonus bets.

DraftKings DFS is the product that started it all for DraftKings. Now, with DraftKings Sportsbook, bettors can wager on more than just daily fantasy sports. From prop bets to live betting, DraftKings online sportsbook has become the signature brand for DraftKings.

What makes it even better is that you toggle between the DraftKings Sportsbook and the DraftKings DFS product using the tabs at the top of the website. You can use the same DraftKings promo code for existing users of the DFS product to sign up for a new DraftKings account, similar to the DraftKings fantasy promo code. However, you do need two separate apps to bet at DraftKings Sportsbook and play DraftKings DFS.

You'll find a lot of overlap in both DraftKings products, and we highly recommend both. Sign up today using the DraftKings promo code.

The DraftKings promo code is one of the best sign-up bonuses available for new users. We recommend collecting this offer now to get started on this top-rated online sportsbook.

The DraftKings sign-up bonus ranks among the best of the best for an array of reasons. The bonus bet credits from the DraftKings Sportsbook promo code have a 1x playthrough requirement and expire in seven days, which stack up well when compared to other top online sportsbooks. The DraftKings promo code offer nets instant bonus money, another perk of signing up a new sports betting account at DraftKings Sportsbook.

Now that you've read this DraftKings Sportsbook review, sign up via the "BET NOW" link below to claim the best DraftKings promo code for new users today.