DraftKings $150 Promo Code | Bet $5 Get $150 in Bonus Bets

April 10, 2024

The DraftKings Bet $5 Get $150 promo is now available in nearly half of all U.S. states! Players who sign up today and make their first wager of $5 or more will instantly unlock $150 in bonus bets.

But how exactly does the promotion work? Who's eligible to claim it? Do you need a promo code or bonus code? Is it legit? These are just a few of the many questions that we'll be answering here today!

In this article, we'll provide a complete breakdown of the DraftKings Sportsbook Bet & Get promotion. This includes a deep dive into the welcome offer's terms and conditions, a step-by-step guide for claiming the $150 bonus, and much more. Now, let's get started!

  • One of the Largest Gambling Sites in the US
  • Offers Casino, Sportsbook & DFS
  • Great Promotions

Bet $5 Get $150 in Bonus Bets

Promo Π‘ode:
Gambling Problem? Call or TEXT 1-800-Gambler 21+

DraftKings Bet $5 Get $150 Promo Code

DraftKings, one of the top sports betting sites in the United States today, is now providing a huge welcome bonus to all new users! When you sign up today and wager at least $5 on any game or matchup of your choice, you'll receive $150 in bonus bets regardless of the outcome.

DraftKings SportsbookPromotional Information
🎁 Welcome Offer:Bet $5 Get $150 in Bonus Bets
πŸŽ€ Promo Code:Click To Claim
πŸ’° Minimum Deposit:$5
🌎 States Available:AZ, CO, IL, IN, IA, KS, KY, LA (select parishes), MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, & WY

How Does the DraftKings Bonus Work?

DraftKings Sportsbook extends an exciting offer to its new users: Bet a minimum of $5 and receive $150 in bonus bets. To take advantage of this promotion, simply create an account, make an initial deposit of $5 or more, and place your first cash wager. Regardless of the outcome of your bet, DraftKings will instantly credit your account with $150 in bonus bets, enriching your sports betting experience from the start. This offer provides a substantial boost, giving new bettors the opportunity to explore DraftKings' extensive betting options with a significantly enhanced betting balance.

Additional Terms & Conditions:

  • The $150 bonus will be provided in the form of six (6) separate $25 bonus bets.
  • These bonus bets have just a 1x wagering requirement, and they will be eligible for wagers on all DraftKings Sportsbook betting markets.

What Is the Bonus Code for DraftKings Sportsbook?

There isn't one! You currently do not need a promo code to take advantage of the DraftKings Bet $5 Get $150 bonus. Instead, you can sign up using the links we've provided in this article, and you will automatically opt into the welcome offer and be eligible to receive $150 in bonus bets.

My Experience With the DraftKings Bet $5 Get $150 Promo

I had a chance to test out the DraftKings Sportsbook sign-up bonus, and I am happy to report that the offer is 100% legitimate. As soon as I finished creating an account and placing my first bet, DraftKings instantly added the $150 bonus to my account!

How To Claim the DraftKings Bet $5 Get $150 Bonus

Step-By-Step Guide for Unlocking $150 in DraftKings Bonus Bets

Are you ready to sign up and claim your welcome bonus at DraftKings Sportsbook? Just follow the five simple steps outlined below to get started!

1 Visit DraftKings

First, tap here to visit the DraftKings Sportsbook website on your smartphone, tablet, or another device of your choice. Or if you'd prefer, you can download the DraftKings sports betting app from the App Store or Google Play Store.

2 Create an Account

Once you reach the site or open the app, you can begin the sign-up process. Enter all requested personal information in the boxes provided, choose a username and password for your account, and agree to the Terms of Use. Then, complete the quick account verification process by following the on-screen instructions.

3 Make Your First Deposit

After you've finished signing up, it's time to add some funds to your account. Head to the β€œDeposit” or β€œBanking” section of the app, choose your preferred method of payment, select or enter the amount you'd like to deposit ($5 or more), and confirm the transaction.

4 Place a $5+ Bet

Now, begin exploring all of the betting markets offered by DraftKings Sportsbook. Choose one that makes sense to you, and place your first wager of $5 or more!

5 Collect Your $150 Bonus

You'll then instantly receive $150 in bonus bets regardless of the outcome. Enjoy!

Claim My DraftKings $150 Bonus
Bonus code: NONE NEEDED
Gambling Problem? Call or TEXT 1-800-Gambler 21+

Terms & Conditions for the DraftKings $150 Sign Up Promo

Terms and conditions are an important part of any sports betting bonus, as they help ensure transparency and fairness for both the sportsbook and the participants.

Now, let's take a closer look at the Terms & Conditions for the DraftKings Bet $5 Get $150 promotion:

Wagering Requirements

Wagering requirements refer to the number of times the bonus funds must be wagered before they can be withdrawn as cash. Fortunately, when it comes to the $150 bonus offered by DraftKings Sportsbook, there is just a 1x wagering requirement in place.

This means that as soon as the bonus bets have been wagered once, any winnings will be immediately transferred to the cash balance of your account and available for withdrawal. So, you won't have to go through the hassle of repeatedly wagering the bonus amount over and over again before cashing out your winnings.

Bonus Expiration Dates

Another important factor to consider when claiming an online sportsbook promotion is the expiration date of the bonus. For the latest DraftKings welcome offer, you will need to use your bonus bets within 7 days of receiving them, or they will expire. 

This means you have one full week to carefully place your wagers and potentially turn your DraftKings bonus bets into withdrawable cash!

Eligible Betting Markets

Lastly, it's always a good idea to know which betting markets qualify for using your bonus bets. With the DraftKings Bet $5 Get $150 offer, there are no major restrictions in place.

In other words, each of the individual $25 bonus bets can be used on any wager of your choice with no minimum odds requirements or specific bet type restrictions. It is, however, worth noting that bonus funds are excluded from bets placed with odds boosts, profit boosts, or Early Win promotions.

Best Way To Use the DraftKings Bet $5 Get $150 Bonus

Are you trying to figure out how to make the most of the Bet $5 Get $150 promotion at DraftKings Sportsbook? Here are some strategies and tips to consider:

  • Explore Different Betting Markets: With $150 in bonus bets at your disposal, take advantage of the opportunity to explore a wide range of betting markets. Consider trying out different sports, events, or betting types that you may not have considered before.
  • Manage Your Bankroll: While the bonus offers an exciting opportunity, it's important to manage your bankroll responsibly. Set a budget for your bets and avoid wagering more than you can afford to lose, even with the bonus funds.
  • Review the Terms and Conditions: Familiarize yourself with all the terms and conditions of the promotion, including wagering requirements and expiration dates. Understanding these details will help you make informed decisions and maximize the benefits of the offer.
  • Stay Informed: Keep up with the latest sports news, trends, and insights to inform your betting decisions. Being well-informed about the teams, players, and events can increase your chances of making successful wagers.
  • Consider Hedging Bets: If you're unsure about the outcome of a particular bet, consider hedging your wager to minimize potential losses. This strategy involves placing additional bets on alternative outcomes to offset potential losses from your initial wager.
  • Track Your Bets and Results: Keep track of your bets and their outcomes to analyze your performance over time. This information can help you identify successful strategies and areas for improvement in your betting approach.

Follow these tips, and you can make the most of the promotion while enjoying the excitement of sports betting responsibly!

Frequently Asked Questions

What is the DraftKings Bet $5 Get $150 promo?

The DraftKings Bet $5 Get $150 promotion is a special offer for new users of DraftKings Sportsbook. By signing up and placing a qualifying bet of $5 or more, players receive $150 in bonus bets.

How does the DraftKings $150 bonus work?

When you sign up today at DraftKings  using the links we've provided on this page, you'll be eligible to take part in the sportsbook's exciting Bet $5 Get $150 promotion. You'll just need to place any wager of $5 or more, and you'll then instantly get $150 in bonus bets regardless of the outcome.

When do bonus bets expire on DraftKings Sportsbook?

Bonus bets are valid for seven (7) days after issuance. In other words, once a bonus is awarded to your DraftKings Sportsbook account, you'll have one full week to use it before it expires.

Peyton Powell
Peyton is an huge sports fan and a graduate of the University of Louisville. He has always enjoyed playing, watching, and betting on sports. Born and raised in Kentucky, a state without any professional sports teams, he had to find teams to cheer for away from home. Peyton's favorite teams include the Los Angeles Lakers, Baltimore Ravens, and Boston Red Sox.