DraftKings Sportsbook Promo Code and Sign-Up Bonus

Check out Pickswise's full DraftKings Sportsbook Review, including the best features, promo codes, and everything you need to know about DraftKings sportsbook.

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DraftKings is an incredible sportsbook that offers a wide variety of betting markets. Not only does DraftKings Sportsbook have pretty much every sport you can think of, but it also offers sign-up bonuses that are extremely valuable when beginning your sports betting journey.

In this article, we will be discussing the latest DraftKings promo code that is worth $200. Continue reading to learn how you can claim the DraftKings new user promo and get started betting with a reputable sportsbook.

DraftKings Sportsbook promo code: Claim your $200

If you have not yet tried DraftKings Sportsbook, now is the time to do so. There is a DraftKings promo code that is exclusive to new users that can be claimed through our link. As part of the offer, you will instantly receive $200 in bonus bets from just a $5 wager. But that’s not all, for a limited time DraftKings are also offering and additional $150 in no sweat bets. There are a few steps that must be followed to qualify for this offer, so be sure to keep reading to find out what you need to do to claim the reward.

How to claim the DraftKings promo code

The first step to claiming the DraftKings promo code is to become a member of DraftKings Sportsbook through our link. By using our link to join, you are automatically enrolled in the DraftKings promotion. Next, just follow the basic steps below to earn the $200 reward.

  1. Click here and complete the registration steps by creating a DraftKings account
  2. Make a deposit of just $5+
  3. Bet $5 at any of the many betting markets available at DraftKings Sportsbook
  4. Once the bet settles, you will receive bonus bets worth $200, in addition to any cash winnings from your first bet

It’s that easy. The best part of the promotion is that it doesn’t even matter if your first bet wins or not, as the $200 in bonus bets is guaranteed. 

For a limited time DraftKings are also including $150 in no sweat bets as part of this promotion. To claim this you’ll need to follow a few more steps:

  1. Opt in for a no sweat bet token, 1 issued per NFL gameday up to 3 times per week
  2. Make a real money bet of any kinds up to $50 on an NFL game
  3. If your bet loses you’ll get your wager back in more bonus bets

How to use your DraftKings bonus

Once your first bet settles, you will see $200 in bonus bets in your DraftKings account. The bonus bets will be paid out as eight individual bonus bets, each worth $25. The bonus bets can now be used for your next wager at DraftKings Sportsbook. To use the bonus bets you have earned by claiming the DraftKings promo code, just follow these steps:

  1. Select the market for your next bet
  2. Add a bet to your bet slip
  3. Instead of populating the bet with a dollar amount, use one of your bonus bets instead
  4. Tick the bonus bet you wish to use
  5. Submit the bet

The bonus bets must be used within seven days, so be sure to use them quickly to capitalize on the reward.

Why bet with DraftKings

There are many options available in the sportsbook market, but DraftKings is among the industry leaders. DraftKings has been in operation since 2012, way before sports betting was even legal. The company began as a Daily Fantasy Sports (DFS) operation, so the transition to becoming a sportsbook was fairly easy.

DraftKings already had a mobile app, which was helpful when creating the DraftKings Sportsbook app. The app is one of the smoothest in the market and allows you to bet from the palm of your hand. 

In addition to the great mobile app and strong reputation, DraftKings also offers daily odds boosts for existing customers. The DraftKings promo code is only available for new customers, but DraftKings has various promotions for current users as well.

Other DraftKings promotions for existing customers

It’s important to know that DraftKings cares about existing customers as well. Current DraftKings users are not eligible for the DraftKings promo code, but they are able to claim any of the offers detailed below.

Refer A Friend

DraftKings Sportsbook offers a friend referral bonus to all existing customers. With this promotion, you can receive up to $100 in bonus bets for each friend that you refer to sign up for DraftKings. You can refer up to five friends and depending on how much they deposit, you can earn bonus bets. If your friend deposits $25-49, you will receive $25 in bonus bets. For $50-99, your reward will be $50 in bonus bets. If your friend deposits $100 or more, you will receive $100 in bonus bets. 

Odds Surges

Existing DraftKings customers can also take advantage of Odds Surges that are offered for various events. For example, during PGA Tournaments, DraftKings Sportsbook offers odds surges. What this means is that if you bet on a golfer to win the tournament at +1200 odds, applying a +300 odds surge would give you +1500 odds on your selection.

Odds Boosts

DraftKings also offers odds boosts on Same Game Parlays (SGP) to current customers. With odds boosts, DraftKings will take SGPs and provide even better odds than a traditional parlay. You also can earn even bigger boosts for each additional SGP leg added.

Key features of DraftKings promo code

The current DraftKings promo code is among the most amazing promos we have seen from a sportsbook. As long as you are a new customer and are at least 21 years or older, you can partake in the DraftKings sign-up bonus. The reason we love this particular DraftKings promo code is that it has these incredible features:

  1. The minimum deposit is only $5
  2. Bonus bets are guaranteed, no matter if your first bet wins or loses
  3. Bonus bets appear instantly once your first bet settles
  4. Bonus bets can be used on a wide variety of different markets
  5. Bonus bets are paid out as eight $25 bonus bets, meaning you can use them on many different bets
  6. An additional $150 in no sweat bets can also be claimed

The DraftKings promo code is only available for a limited time, so be sure to not miss out on these amazing features of the promotion and get started today.

DraftKings Promo code: terms and conditions

The first step to claiming the DraftKings promo code is simply to join DraftKings Sportsbook through our link. That simple step initiates the eligibility process. To remain eligible throughout the promotion and to receive your $200 in bonus bets, be sure that you meet the key terms and conditions of the DraftKings bonus code below.

  • DraftKings promo code is for new customers only
  • Must be at least 21 years of age or older
  • Must be physically located in one of the following states: AZ, CO, CT, IA, IL, IN, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WY (18+) or WV
  • Minimum deposit is $5
  • Minimum bet is $5
  • Once your bet settles, you will receive $200 in bonus bets
  • Bonus bets will be paid as eight $25 bonus bets
  • Bonus bets expire after seven days
  • No DraftKings promo code is required, but you must join through our link

In addition, the $150 in no sweat bets has the following terms and conditions.

  • Opt in req. 1 No Sweat token issued per eligible gameday, up to 3 per week.
  • Max. $50 bet for new customers.
  • Must use funds from cash balance.
  • For example, if you opt-in when only two gamedays remain in an eligible NFL week, you will receive two (2) No Sweat Tokens, one (1) for each gameday. NFL bets only.
  • Bet must lose after applying No Sweat Token.
  • Paid as one Bonus Bet based on amount of losing bet.
  • Tokens expire at start of the last game each gameday.
  • No Sweat cannot be used to redeem Bet $5 Get $200 offer.
  • Rewarded Bonus Bets are non-cashable and cannot be withdrawn.
  • Bonus bets must be wagered 1x and stake is not included in any returns or winnings.
  • Bonus Bets expire 7 days (168 hours) after being awarded.

Do you need a promo code to play at DraftKings?

Claiming the DraftKings promo code is not a requirement to join DraftKings, but it certainly helps provide a boost to your starting bankroll. Remember, only new customers are allowed to claim this DraftKings promo code, but there are some lucrative promotions available for existing customers as well. 

In order to claim the DraftKings deposit bonus, you must sign up through our link. This promotion won’t be available forever, so click here to get started with DraftKings Sportsbook today.

What states can I get the DraftKings bonus in?

DraftKings is available in a number of states, but not all of them. Review the list of eligible states below to see if you are able to claim the DraftKings promo code.

If you see your state listed, click here to receive $200 in bonus bets by claiming the DraftKings promo code today.


Does DraftKings have a referral bonus?

Yes, DraftKings Sportsbook has a referral bonus. For each friend you refer, you will receive a $50 bonus bet and $50 in casino credits. You can refer up to five friends for this bonus.

To claim the DraftKings promo code, all you need to do is sign up for DraftKings by clicking our link.

There is no official promo code needed to claim the current DraftKings promotion. Simply join through our link and follow the key terms and conditions of the DraftKings new-user promo to receive $150 in bonus bets.

Depending on the method, withdrawals take anywhere from one to seven days.

No, this DraftKings promo code is for new customers only. However, DraftKings Sportsbook has several offers for existing customers as well.

Phil Agius

Head of Production

Phil has been writing about the NFL and a host of other sports for the UK's top daily betting paper the Racing Post for more than 20 years. An incurable Browns fan (1-31 survivor), he also specialises in all kinds of motorsport betting including F1, MotoGP, IndyCar and NASCAR.

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