DraftKings Bonus details
If you're looking for a solid sportsbook bonus to kickstart your betting experience, DraftKings Sportsbook has a generous welcome offer.
New customers can place just as little as a $5 wager and instantly receive $200 in bonus bets. This promotion provides a great opportunity to explore different betting markets without risking a large amount of your own money. However, like any sportsbook promotion, there are terms and conditions to consider. In this article, we’ll break down the advantages, disadvantages, how to claim the bonus in three simple steps, payout conditions, and a practical example to help you maximize this offer.
Curious for more Promos? Just follow the link for a full list of sports betting bonus offers
Pros & Cons
- Instant Bonus Bets: You get $200 in bonus bets right after placing a qualifying wager, regardless of whether your bet wins or loses
- Low Entry Requirement: You only need to place a $5 bet to qualify, making it accessible for casual bettors
- Multiple Bonus Bets: The bonus is split into eight $25 bets, allowing you to diversify your bets instead of using it all at once
- Bonus Bets Expire in Seven Days: You must use your bonus bets within a week, or they will be forfeited
- Non-Withdrawable Bonus Bets: You can’t cash out the bonus bets; only the winnings from them are withdrawable
- Stake Removed from Winnings: If you use a $25 bonus bet on a bet with +100 odds and win, you only get the profit ($25) and not the initial stake
Payment methods for bonus
Bonus rollover period
7 days after first qualifying bet
Valid in following countries
USA
Licenses
Three steps to catch bonus
Sign Up and Register: Create a new DraftKings Sportsbook account and verify your eligibility by being in one of the listed states
Make a Deposit and Place a Bet: Deposit at least $5 and place a wager of $5 or more on any sport
Receive Your Bonus Bets: Once your bet is placed, DraftKings will instantly credit you with $200 in bonus bets, issued as eight $25 bonus bets
Pay out conditions
The DraftKings Sportsbook welcome bonus is a free bet of $ 200 in total (8 x $25) as socalled Bonus Bets.
The Bonus is available to new customers in AZ, CO, CT, DC, IA, IL, IN, KS, KY (18+), LA (select parishes), MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY, and WV.
To qualify, you must place a first bet of $5 or more. You’ll instantly receive $200 in bonus bets, issued as eight $25 bets.
Bonus bets are non-withdrawable, single-use, and expire in seven days. Winnings from bonus bets are credited as cash, but the bonus bet stake is not included in payouts. Bonus bets cannot be combined or cashed out.
Hint
Single-Use Bonus Bets: You must use each $25 bonus bet in its entirety on a single wager; it cannot be split into smaller bets
Not Part of Cash Winnings: If you place a winning bet using a bonus bet, only the profit is credited to your account. The original bonus bet amount is not included in your payout
Expiration Date: Make sure to use all bonus bets within seven days, or they will expire and be removed from your account
One-Time Offer: This promotion is only available to first-time DraftKings Sportsbook customers who have never deposited or placed a wager before
NO Bonus Code needed: you do not have to enter a bonus code at all
Do you want to find out more about this Bookmaker? Check out the link to find our Draftkings review with all details.
Example
Example: How to Use the DraftKings Bonus Effectively
Let’s say you receive eight $25 bonus bets. Here’s how you could maximize their value:
First Bet: Use one $25 bonus bet on an NBA game with odds of +120. If you win, you’ll receive $30 in profit (stake not included)
Second Bet: Place another $25 on an NFL moneyline bet at -110. A win would yield approximately $22.73 in profit
Third Bet: Bet $25 on an NHL game with odds of +150. A win would give you $37.50 in profit
Fourth Bet: Try a soccer match with odds of -105, earning about $23.81 in profit if successful
Fifth to eighth Bets: Spread them across different markets such as prop bets or parlays for bigger potential payout
Conclusion
DraftKings Sportsbook’s new customer bonus is a good offer for new bettors, but not outstanding. With a low qualifying wager and instant bonus bet rewards, it’s a fantastic way to explore sports betting without major financial risk.
However, understanding the limitations—such as the stake removal and expiration date—is crucial to maximizing the bonus effectively. By following the steps outlined above and making strategic picks, you can make the most out of this $200 bonus offer.
If you’re ready to start betting, sign up for DraftKings Sportsbook today and claim your welcome bonus before it expires!