Review Draftkings Bonus:

Draftkings Bonus

Bet $5 Win $150


Draftkings Bonus Overview

There are two sign up offers for new customers namely:

  1. Bet $5 Win $150
  2. Deposit bonus up to $1,000

We will extensively cover these offers and also beam our searchlight on other promotions available for existing customers.

Our Recommended Draftkings Bonus (Bet $5 Win $150)

Here are the features of our favourite new player sign up offer on Draftkings

  • $150 sign up bonus
  • $5 minimum deposit
  • Seven (7) days validity period
  • Available in AZ/CO/NJ/VA/WV/NY/IL/PA/MD/MI/NH and other states

Learn more about the Draftkings new customer bonus.

Draftkings New Player Bonus

The Draftkings New Customer Bonus

Draftkings Bonus score

  • Two sign up bonuses available
  • Low minimum deposit
  • No odds requirements
  • Low bonus amount
  • Requires qualifying bet to be won
Bonus offer
Betting variety
Mobile experience
Payment options
Betting experience
Draftkings Bonus quick facts
Game TypesSportsbook, daily fantasy, casino
Deposit methodsVisa, MasterCard, American Express, and Discover Card, PayPal, ACH, Wire, Cash (where available)
Withdrawal methodsPayPal, ACH, Cash (where available)
Odds providerSBTech
AppsiPhone, Android
Support24/7 live chat, contact form, email
Founded Year2012
HeadquarterBoston, Massachusetts
Bonus CodeN/A

Draftkings Bonus: All You Need To Know

Draftkings have moved on from being the hugely popular fantasy platform to being one of the major players on the online betting scene.

Now, Draftkings is a massive Sportsbook with a bonus offer for new players and existing customers.

New players on Draftkings sportsbook can claim a nice $150 bonus.

With just a bet of $5 on any pre game moneyline, players could be in line for a windfall.

🔝What We Like About The Draftkings Bonus

Having examined the Draftkings bonus, we have found a few reasons why we like the offer and why players should go for it.

We have listed a couple of reasons below:

👍 Draftkings Bonus Stand Out Features

🎉 Two Different New Customer Offers

The more the merrier they say. Isn’t it? You will hardly find a Sportsbook with two bonus offers for new players.

Draftkings stands out in this regard. Besides the Bet $5 win $150, there is also a deposit bonus up to a $1000.

A deposit of $5 is all you need to get and Draftkings will match 20% of your deposit up to $1000.

🎁 Bonuses are easy to claim

Another reason why we are drawn to the DFS bonus offer is that the bonuses on offer are easy to get.

With the Bet $5 win $150 new customer bonus, you only have to place a bet of $5 and win it. Once your bet is settled as won, you will get your bonus.

For the deposit bonus, you are required to make a minimum deposit of $5 and DFS will give you 20% up to $1000.

❌ No odds requirements

Usually, minimum odds are conditions for claiming a bonus, but that is not the case with the Draftkings welcome bonus.

To be eligible for the bonus, you only have to place a qualifying bet with no odds stated.

As long as you wager on any pre-game moneyline with a winning outcome, you will get your bonus.

✖️ What We Do Not Like

We have highlighted the very best features of the Draftkings bonus. However, there are a few areas where the offer could be improved.

🔻Draftkings Bonus Shortcomings

🐜 Low Bonus Amount

One drawback of the Draftkings bonus is the bonus amount.

While it is relatively easy to claim, the amount on offer is a bit of a downer.

A bonus of $150 for new customers is not groundbreaking and we honestly think it can be better.

However, there is another deposit bonus which gives new players a bonus 20% of their deposit up to $1000.

The consolation is that the deposit bonus makes up for the low bonus amount of the Bet and win offer.

Bonus Cannot be withdrawn

One of the things new players look forward to is claiming a bonus and taking out the cash.

That doesn’t seem to be the case here. Players can not withdraw the bonus and that’s a bit of a disappointment.

The bonus can only be used to wager on the Sportsbook.

Each bet is expected to have a minimum wager amount of $25 or multiple of $25.

Qualifying Bet has to be Won

Unlike most bonuses, the qualifying bet has to be won before the Draftkings bonus is granted.

This does not exactly follow the convention and we think it heaps pressure on players.

To make it even more attractive to players, getting the bonus should not be dependent on winning the qualifying bet

Dennis Johnson
Dennis Johnson Editor

Dennis' Thoughts

Bonuses are a nice way of starting out wagering on a Sportsbook especially for a new customer.

Players are guaranteed to get off to a good start with the bonus offers available on Draftkings.

With the Bet $5 win $150 bonus and the deposit bonus new customers are in for a bumper time.

There is also a deposit bonus up to $1,000 you can take advantage of. So, go on claim and make use of these nice offers.

Draftkings Sign Up Bonus

New to the Draftsking Sportsbook? There is a whole world of goodies waiting for you.

As a new customer, you can claim a sign up bonus worth $150.

To claim this offer, you are required to make a minimum deposit of $5 and place a bet on any pre-game moneyline.

If your bet is settled as won you will be rewarded with a bonus given as six (6) $25 Bonus bets in addition to winnings from your qualifying bet.

In essence, you'll get rewarded when you win your qualifying bet. This means that you have a cool $150 waiting for you after winning your first bet.

But remember, the sign up bonus can not be withdrawn, but you can withdraw winnings from bets placed with the bonus.

How to Get the Draftkings Bonus

We are going to show you how to claim the Draftkings bonus with the following steps:

Sign Up on Draftkings

Looking to claim the DFS bonus? The first step you’ve got to take is to sign up on the Sportsbook.

To sign up, you will need the following details:

  • Full name
  • State of residence
  • Date of birth
  • Address
  • Email address
  • Social security number

Follow this link to sign up on Draftkings.

Make a Deposit on Draftkings

As with most bonuses, you have to make a deposit in order to claim a bonus.

So, to get yourself closer to claiming a bonus you have to make a deposit.

There are several payment methods available and you can choose any of the following for funding your account:

  • Visa
  • MasterCard
  • American Express
  • Wire
  • Paypal
  • Online banking
Place a Bet on Draftkings

After making a deposit, the next step in the series is to place a qualifying bet.

The qualifying bet is straightforward and should not pose any problem even if you are new to online betting.

You are required to place a minimum of $5 wager on any pre-game moneyline.

Once the bet is settled as won, you will get your bonus.

There are quite a number of sports you can wager on. Some examples are:

  • Basketball
  • Soccer
  • Football
Get Your Draftkings Bonus

If you manage to get to this point, it means two things:

You won your bet and you have successfully claimed your bonus.

Now that you have claimed it, you can use it as you please.

Remember, the bonus is paid in six (6) $25 Bonus bets.

You cannot withdraw the, so, the only realistic option is to place wagers with the bonus cash for more profit.

You can wager on any sport of your choice.

Draftkings Sign Up Bonus Terms & Conditions
  • The minimum deposit is $5
  • The offer is available to new users only
  • Bonus bets are only valid for 7 days
  • You must be at least 21 years of age

For more terms and conditions, visit the Draftkings website.

Draftkings Deposit Bonus

Besides the sign up bonus, players new to the Draftkings Sportsbook are eligible to claim a deposit bonus after opening an account.

After making your deposit, you are eligible to get 20% of your deposit up to $1,000.

To claim up to $1,000 in site credits, you must deposit a minimum of $5,000.

For every $25 played on Draftkings Sportsbook or casino, the player will get $1 in bonus deposited into the players account.

For instance, a deposit of $5,000 deposit requires a user to play through a total of $25,000 in any of daily fantasy contests, sportsbook (with odds of -300 odds or higher), casino, or combination of the above, to receive the maximum possible bonus amount of $1,000).

The play-through requirement must be met 90 days from the date of first deposit to receive maximum bonus.

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How to Get the Draftkings Deposit Bonus
  1. Sign up on Draftkings
  2. Make deposit of at least $5
  3. Place bets
  4. Bonus adds up with each bet up to $1,000

Is there a promo code for Draftkings Bonus?

It is not uncommon for Sportsbook to offer players bonus codes to claim Sportsbook bonuses.

However, not all Sportsbooks offer bonus codes.

An example is Draftkings, they do not offer special bonus codes for players to claim the bonuses available on their platform.

Sport bonus:

Bet $5 Win $150

Turnover: 1x bonus amount Lowest odds: No minimum odds Bonus code: N/A

How to Use Draftkings Bonus

Using the Draftkings bonuses is quite simple.

For the bet $5 win $150, you can not withdraw it as we have established, you can only place wagers with the bonus.

It is pretty similar for the deposit bonus worth $1,000.

Both bonuses give you a good chance of starting out on DFS with a big financial war chest.

Draftkings Bonus vs Others

In this section, we are going to test how the Draftkings bonus offers compare to some of the offers from other top Sportsbooks around the States.

We are going to consider factors like bonus amount, validity period and many more.

How does the DFS Bonus fare against other bonuses?

🎁 Maximum Bonus Amount

The bonus amount on offer on Draftkings is quite fair when you consider that there are two different bonuses.

There is a bet $5 and win $150 and $1,000 worth of deposit bonus.

In comparison to PointsBet with 5 Second chance bets up to $500, the DFS bonus amount is a good offer.

Although players will feel a little short changed in comparison to the $1,250 offer of Caesars.

⏰ Validity Period

The validity simply means how long it takes before the bonus offer expires.

In terms of the validity period, the Draftkings sports is a little off the mark with a Seven (7) days period.

That is not different from points bet bonus which also has a 7 day validity window.

But Caesars again is well ahead in this regard with a 30 days validity period.

💯 Bonus Percentage

Bonus percentages are not a big thing with Sportsbook in the States, but some of the operators design bonuses using percentages.

For example, Draftkings gives 20% of the first deposit up to $1,000.

A 20% bonus of a deposit will not get anyone jumping for joy and we think it can be better.

⛹ Play through Requirements

The play through requirement is pretty non existent. In the case of Bet $5 win $150, you only have to place a wager once on any pre-game moneyline.

No odds are required. The only condition is that your wager is settled as win.

So, players do not need to worry too much about the play through requirements.

♟️ Minimum Odds

With the Draftkings bonus offers, players don’t have to worry about minimum odds when looking to claim the bonus.

DFS requires no minimum or special odds as part of the requirements to claim a bonus.

Draftkings Promos

The Draftkings Sportsbook is not only reputed for a wide range of sports, it is also solid with a few promotions.

Let’s take a look at some of the promotions available on Draftkings:

🧧 Draftkings Promotions

1. Draftkings Refer A Friend

Players can get up to $100 if they get their friends to sign up on Bet365 a and make a deposit of $25

Get your friends to create an account and make a minimum of $25 and a cool $100 will be yours.

2.Daily Free to Play Pools

Players have the chance to win prizes in everyday pools without spending any money.

Players only have to make picks and win cash prizes.

3.Odds Boost

Players on Draftkings can enjoy enhanced on certain bets regularly.

With this Odds boost, players can get more value from their wagers.

The Odds boost are usually indicated on the odds.

4. DraftKings Dynasty Rewards

DraftKings Dynasty is a reward program that gives a wide range of bonuses and other benefits to loyal and consistent DraftKings customers.

Draftkings Casino Bonus

100% Up to $2,000

If you like to try your hands on the casino, there are a few incentives to encourage you to sign up.

New players can enjoy a bonus of up to $2,000 for new players in the Draftkings casino, with the minimum deposit pegged at $5.

Just like the Draftkings bonus, your first deposit in the casino is matched over time till you reach the $2,000 mark.

Once you meet the play through requirements, your bonus will be available on the Draftkings casino.

Note that both the deposit and bonus amount are to be subjected to a 15x playthrough, and the bonus has to be used within thirty (30) days.

Remember, you can not withdraw the bonus or transfer to the Sportsbook.

There is also a deposit match up to $100 offer which also has a minimum deposit of $5.

Draftkings Bonus States

In case you are wondering where you can claim the Draftkings bonus, the states where the bonus is legal are stated below:

  • Arizona (Sportsbook)
  • Colorado (Sportsbook)
  • Connecticut (Sportsbook & Casino)
  • Illinois (Sportsbook)
  • Indiana (Sportsbook)
  • Iowa (Sportsbook)
  • Kansas (Sportsbook)
  • Louisiana (Sportsbook)
  • Michigan (Sportsbook & Casino)
  • New Hampshire (Sportsbook)
  • New Jersey (Sportsbook & Casino)
  • New York (Sportsbook)
  • Oregon (Sportsbook)
  • Pennsylvania (Sportsbook & Casino)
  • Tennessee (Sportsbook)
  • Virginia (Sportsbook)
  • West Virginia (Sportsbook & Casino)
  • Wyoming (Sportsbook)

Residents of Colorado, Illinois,Iowa, Mississipi, New York, Pennsylvania and New Jersey have access to physical in-person.

Remember, you have to be 21 and over to play.

Draftkings Bonus FAQs

🎁 What is Bet $5 Win $150?

The Bet $5 Win $150 offer is Draftkings' bonus offer for new players. After signing up, new players can make a $5 deposit and bet with it.

If the bet is settled as won, the player get $150 as a bonus.

💝 What is the maximum Draftkings sign up bonus?

The maximum bonus amount is $150.

🎀 Are there other bonus offers on Draftkings?

Yes! There is an additional new customer deposit bonus up $1000, as well as offers for existing customers like Refer a Friend.

😕 Where is the Draftkings bonus legal?

The Draftkings bonus is legal in the following states:

Here is a list of states where the draftkings bonus is legal.

💳 What is the minimum deposit amount to get the Draftkings bonus?

The minimum is $5

Can i withdraw my Draftkings sign up bonus?

No! You can not withdraw the bonus. However, you can withdraw the winnings accruable from bets placed with the bonus.

Learn more about the Draftkings sign up bonus.

Best Sportsbook offers

  1. 5 Second Chance Bets Up To $250


  2. Bet $5 Win $150


  3. Bet Credits up to $1,250


  4. Bet $5 Get $150


  5. Second Chance Bets Up To $500

    AZ/CO/IL/IN/IA/LA/MI/NJ/OH/PA/VA/WV only. 2nd Chance Bet up to $100 in NY.

  6. Up to $1,000 Back in Bonus Bets

    21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/ NJ/OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. Make a qualifying deposit (min $10) and place first real-money wager bets. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,000. T&Cs apply.

  7. Bet $1 & Get $200

    CO/NJ only. New customers only. Make a qualifying deposit (min $10), place qualifying bets, once they are settled, $200 in Bet Credits available to use. Bet Credits risk excluded from returns. T&Cs apply.

  8. First Bet Offer up to $500

    $500 in PA, $100 in AZ, IN, NJ & VA

  9. Bet $100 Get $100

    AZ/CO/IN/LA/MA/TN/VA only. Bet $100 Get $50 Casino & $50 Sports in MI & NJ. Bet $100 Get $5 in NY.

  10. Bet Credits Up To $1,111

    Bonus available in VA, AZ, IA, MD, OH, CO, LA, NV, WA

  11. Bet $20, Win $200

    First deposit only | 21+ & located in CO, MI, or VA | Promo code SI200 | A qualifying bet is $20 or more | Min odds of +120 | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings

  12. Bonus Bets Up To $1000

    Iowa only.

  13. Risk Free Bet of up to $250

    AZ/CO/IN/IA/NJ/PA only.

Draftkings Bonus review

Draftkings Bonus sportbonus

Bet $5 Win $150