DraftKings $200 Promo Code: Bet $5 Get $200 Bonus Offer

April 24, 2024

Note: The DraftKings Bet $5 Get $200 promo is currently unavailable. However, it has been replaced with a similar offer (Bet $5 Get $150) that gives you an opportunity to claim $150 in bonus bets when you sign up and place any wager of $5+.

DraftKings is one of the most popular betting apps in the United States today, and they are always looking to attract new customers with enticing sign-up bonuses like no-sweat bets, deposit matches, Bet & Get promotions, and more.

In this article, we'll be introducing you to the Bet $5 Get $200 bonus offer at DraftKings Sportsbook. We'll explain how it works, who's eligible to participate, and what steps you can take to claim your $200 bonus today. Now, let's get started!

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Bet $5 Get $150 in Bonus Bets

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

DraftKings Bet $5 Get $200 Promo Code

The Bet $5 Get $200 promotion is one of DraftKings' most popular welcome offers for new users! Anyone who signs up and places a wager of $5 or more will instantly get $200 in bonus bets regardless of the outcome.

Yes, you read that right! It doesn't matter if your first bet wins or loses; either way, you are guaranteed to walk away with a huge $200 bonus, courtesy of DraftKings Sportsbook.

🎁 Bonus Promo Offer:Bet $5, Get $150 in Bonus Bets Instantly + Daily No Sweat NBA SGP
πŸ‡ΊπŸ‡Έ Available in:All eligible DK states except CT, ME, NC, and NY.
πŸ’° Minimum deposit:$5
πŸ—“οΈ Days to use bonus bets:7 days
⭐ Promo Rating5/5

My Experience With the DraftKings $200 Promo

I had an opportunity to test out the DraftKings Sportsbook $200 sign-up bonus, and I am happy to report that the offer is 100% legitimate. After I created an account and placed my first $5 bet, DraftKings gave me $200 in bonus bets as promised!

How Long Does It Take To Get Your Bonus at DraftKings?

DraftKings instantly adds the $200 bonus to your account as soon as your $5+ qualifying wager has been settled. So, you won't have to wait long before you can start enjoying the extra funds and placing more bets!

The only exception is that, in the event of technical difficulties, it can take up to 72 hours (3 days) for DraftKings to award the $200 in bonus bets. However, this is pretty rare and typically, you'll have your bonus in hand as soon as your first bet is graded as a win or loss.

How Does the DraftKings 5 for 200 Bonus Work?

Do you still have some questions about the DraftKings Bet $5 Get $200 promo and how it works? Don't worry, we're here to help! Here's a quick breakdown of everything you need to know:

  • DraftKings is offering $200 in bonus bets to all new customers.
  • To claim the bonus, you just need to make a deposit and place any wager of $5 or more.
  • Your first bet DOES NOT have to win for you to receive the $200 bonus.
  • The bonus bets will be awarded instantly once your first wager has been settled (or within 72 hours in the event of technical difficulties).
  • To participate, you must be physically located in an eligible jurisdiction (see list in the previous section) and at least 21 years old (18+ if in KY/NH/WY).
  • The $200 bonus will come in the form of eight (8) individual bonus bets that are each worth $25.
  • DraftKings bonus bets are valid for seven (7) days after issuance, and they must be wagered at least 1x before any resulting cash winnings can be withdrawn.

How To Get Your DraftKings $200 Bonus

Step-By-Step Guide for Unlocking the DraftKings Bet $5 Get $200 Promo

Are you ready to sign up and claim $200 in bonus bets at DraftKings Sportsbook? Here are the steps you can take to do just that:

1 Visit DraftKings

First, you can click or tap here to visit DraftKings Sportsbook on your iPhone, iPad, or any other device of your choice.

2 Register for an Account

Once you reach the site, go ahead and begin creating an account. To do this, you'll just need to provide some basic information about yourself, choose a username and password, and agree to the platform's Terms of Use. Then, you'll also need to complete a quick verification process by following the on-screen instructions provided.

3 Make Your First Deposit

After you've finished signing up and verifying your account, it's time to make your first deposit. Head to the Deposit/Banking section of the sportsbook, choose your preferred method of payment, and select or enter the amount you'd like to deposit ($5 or more). Then, you'll just need to confirm the transaction.

4 Place Any $5+ Bet

Once you've added funds to your account, start looking through the betting markets offered by DraftKings. Find one that makes sense to you, and place your first wager of at least $5! This can be any sport (basketball, football, baseball, soccer, etc.) or bet type (spread, moneyline, parlay, etc.) of your choice!

5 Claim Your $200 Bonus

As soon as your first bet has been settled, you will instantly receive $200 in bonus bets regardless of the outcome. Enjoy!

Claim My $200 Bonus at DraftKings
Bonus code: NONE NEEDED
Gambling Problem? Call or TEXT 1-800-Gambler 21+

Terms & Conditions for the DraftKings Bet $5 Get $200 Promo

If you're ready to claim a sportsbook bonus or promotion, it's a good idea to first read through the terms and conditions to make sure you understand any requirements or restrictions associated with it. This ensures that you can maximize the benefits of the offer and avoid any surprises along the way.

Although we've already discussed some of the important details associated with the DraftKings Bet $5 Get $200 promo, let's take a closer look at the terms and conditions to make sure we didn't miss anything:

Wagering Requirements

In case you're not familiar with the term, wagering requirements are conditions set by the sportsbook that specify how many times you need to wager the bonus amount before you can withdraw any winnings associated with it.

Fortunately, when it comes to the DraftKings Sportsbook $200 sign-up bonus, there is just a 1x wagering requirement in place. This means any winnings you earn from the bonus bets will be immediately available to be cashed out!

Eligible Betting Markets

It's also important to know about the eligible betting markets for the DraftKings Welcome Offer. Typically, sportsbooks specify which sports, events, or types of bets qualify for the promotion.

However, DraftKings Sportsbook gives you plenty of flexibility with their latest sign-up bonus. There are no minimum odds requirements or market restrictions for your $5 qualifying wager, so you can choose from a wide range of sports and events to place your bet on.

Bonus Expiration

Lastly, it's a good idea to know about the expiration date of the bonus. This will ensure that you don't miss out on the opportunity to use the bonus funds within the specified time frame.

At DraftKings, bonus bets are valid for a period of seven days after issuance. After this one-week period, if you have not yet used your $200 bonus, it will expire, and you will no longer be able to access or utilize the bonus funds.

Best Way To Use Your $200 DraftKings Bonus

Are you trying to figure out how to make the most of the DraftKings Bet $5 Get $200 promotion? Then, you've come to the right place! Here are some of the best strategies and important tips to consider:

  • Research and Analyze: Before placing your $5 qualifying wager, take the time to research the available betting options. Analyze recent performance, team statistics, player injuries, and any other relevant information to make informed betting decisions.
  • Utilize the Bonus: Once you receive the $200 bonus, make sure to use it within the seven-day expiration period. Look for favorable betting opportunities and leverage the bonus funds to maximize your potential returns.
  • Stay Informed: Keep yourself updated with the latest news, developments, and odds changes. Staying informed can help you identify valuable betting opportunities and adapt your strategy accordingly.
  • Optimize Your Strategy: Consider employing various betting strategies, such as arbitrage betting, value betting, or hedging, to optimize your chances of success and minimize potential losses.
  • Monitor Your Progress: Keep track of your bets, winnings, and overall progress throughout the promotion. This will allow you to evaluate the effectiveness of your strategy and make adjustments as needed.
  • Take Advantage of Live Betting: Explore live betting options offered by DraftKings to capitalize on changing game dynamics and odds. Live betting allows you to place bets in real time during a match or event, providing unique opportunities for strategic wagering.

Frequently Asked Questions

How Do I Get My $200 From DraftKings?

To claim the DraftKings $200 bonus, you will just need to sign up using the links we've provided, make a deposit, and place your first bet of $5 or more. Then, DraftKings Sportsbook will add $200 in bonus bets to your account balance as soon as the bet has settled.

Do I Need a Promo Code for DraftKings Sportsbook?

Nope. You do not currently need a specific promo code or bonus code to unlock the Bet $5 Get $200 promo at DraftKings Sportsbook. Instead, you will just need to sign up using the links we've provided on this page, and you will automatically opt into the offer.

What Happens If You Win a Bonus Bet on DraftKings?

If you win a bonus bet on DraftKings, you will receive a full payout based on the odds and amount wagered. However, the amount of the bonus bet is not included in any winnings. For example, if you place a $10 bonus bet on a selection with odds of +100 and it wins, you will receive a payout of $10 (since the $10 bonus bet stake is not included).

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.