DraftKings promo code and review for 2025: Get $150 in bonus bets

The DraftKings Sportsbook promo offers new users bonus bets if they win their first wager. Learn more about the promo and the DraftKings app in this full review.

DraftKings Sportsbook is one of the most customer-friendly sports betting apps. The latest DraftKings promo code gives new users a "Bet $5, Get $150 Instantly" offer.

The sportsbook offers a variety of betting options across many sports. From spreads to totals, live betting and futures, the menu at DraftKings is as expansive as any sportsbook.

DraftKings Sportsbook promo code overview

With no promo code required, DraftKings offers new customers the ability to deposit as little as $5 initially, and then make a first bet of at least $5. You'll receive $150 in bonus bets regardless of whether your qualifying wager wins or loses. The bonus bets cannot be cashed out and must be wagered within the following seven days or they will be voided.  

Terms and conditions for the DraftKings welcome bonus:

• The bonus is available to new DraftKings customers only in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY and WV.
• New users must deposit a minimum of $5.
• The bonus bets are received as six $25 bonus bet tokens within 72 hours of your initial bet settling.
• The bonus bets must be wagered once before any winnings can be withdrawn.
• The bonus bets are not included in any cash winnings nor are they transferable or refundable.
• The bonus bets expire after seven days.

In addition to the bonus bets, any winning bet will award the customer their winnings in cash. Let's say you bet $5 on the Wildcats to beat the Jayhawks, and they successfully do. You will receive your $5 initial bet plus winnings from the bet in cash. As part of the introductory promotion, DraftKings will also give you six $25 bonus bets to use within seven days.

How to sign up for DraftKings Sportsbook and claim the promo code

1. Click Claim Bonus on this page to navigate to the DraftKings Sportsbook website or app.
2. Click the SIGNUP button to start the registration process.
3. Fill in your personal details including name, email, address and date of birth.
4. Make your first deposit of at least $5. You can use various deposit methods including PayPal, Venmo, debit card, credit card or gift card.
5. Place your first wager of at least $5 and no matter what, you will receive your $150 in bonus bets in six ($25) increments.

DraftKings Sportsbook's existing user promos and loyalty program

Once you finish with the bonus bets from your welcome bonus, you can take advantage of the daily promotions and boosts offered by DraftKings.

Profit boosts and No Sweat Bets

DraftKings offers more profit boosts than any other book. Whether via Same Game Parlay (SGP) boosts or No Sweat SGP(s), there are plenty of incentives for customers to combine multiple picks into the same bet. This sportsbook also allows SGPx, which is multiple Same Game Parlay bets in the same parlay wager. Parlay boosts most often apply to SGPx. The percentage profit boosts and maximum stake allowed is based on how the company views you as a player. Smaller bettors will receive smaller max stakes than those whose average bet size is larger.

Dynasty Rewards program

DraftKings offers arguably the best rewards program in the industry. Crowns are earned based on playing on the sportsbook and can be redeemed for DraftKings merchandise in their store, daily fantasy credits, or bonus bets. Tier Credits help determine your status as a player and come with more perks, including bonus bets and crown boosts, as you bet more within a given year. 

DraftKings' biggest competitor, FanDuel, offers no loyalty program, making this one reason I give this sportsbook a leg up. I also prefer DraftKings' rewards program to those offered by BetMGM and Caesars, but others may disagree and use those for hotel or trip credits at respective properties. Fanatics rewards give cash back to the Fanatics.com store, which is my personal favorite option of any sportsbook reward in the market today.

Referral bonus

DraftKings Sportsbook features a Refer A Friend program. Send a friend your custom link, and you get up to $100 in bonus bets when they sign up via a match of their first deposit. Your friend must be a new DraftKings Sportsbook customer and deposit at least $25.

However, your friend would receive a more attractive signup bonus through the offer on this page.

It's hard to find the Refer A Friend program and your personal link in the DK Sportsbook app. The fastest way is to use the search option and type in "refer" to get a link straight to the program and your customer referral link.   

How does DraftKings' promo compare to other sports betting app bonus offers?

Compared to other sportsbook promos, this DraftKings promo is on par or better than others that offer "bet and get" type promos. Sometimes, with a bet and get style promotion, sportsbooks will require you to win your first bet to claim the bonus bets, but the current DraftKings promo does not feature that condition. 

Here is a brief description of the other sportsbook promos currently available to new users:

FanDuel Sportsbook promo 

The current FanDuel promo is also of the bet and get variety, though it differs from DraftKings in one important area—FanDuel's promo requires users to win their first $5 wager to claim the $150 bonus. 

BetMGM Sportsbook promo

Those looking for bet insurance may want to consider the BetMGM promo code, where if you lose your first bet, you will receive your stake in bonus bets, up to $1,500.

Caesars Sportsbook promo

The latest Caesars welcome bonus offers 10 100% profit boosts after placing a first bet of at least $1. The max wager for each rewarded profit boost is $25 and the max additional winnings for each rewarded profit boost is $2,500.

Fanatics Sportsbook promo

Another variation of bet insurance is available with the Fanatics Sportsbook promo. New users there can get bet insurance of up to $100 on each of their first 10 bets, for a total of up to $1,000 in bonus bets.

bet365 Sportsbook promo

Finally, the bet365 promo code also offers a bet and get, and the $150 in bonus bets is similar to the DraftKings promo in that it doesn't require the first bet to win.

A review of the DraftKings user experience

DraftKings offers a brilliant user experience in every aspect of the betting process. I've outlined the experience below.

DraftKings app and website design

The DraftKings Sportsbook app and desktop site have more features than any other sportsbook. For starters, the app home screen has more than 30 clickable buttons or features. No other sports betting apps have that many. Nevertheless, it is a very intuitive design and easy for even the novice sports bettor to find what they are looking to bet but also have fun exploring and discovering DK's features. Dark mode is also the default lighting setting, which we appreciate. For these reasons, it is our favorite sportsbook design.

Bet slip and process of placing a bet

When you select a bet by clicking on it, the pick is shown in the bet slip on the right side of the desktop or bottom of the app. Once multiple bets are placed in the slip, parlay and round robin options are shown. The bettor will submit the wager amount and see the payout options depending on the type and size of the wager. If you bet $20 on the Wildcats to win as a -200 money line favorite, for a straight wager, the total winnings (including initial stake) would be $30. Parlays would combine this bet with other selections and offer much greater odds. Round robins offer the ability to split three or more bets into multiple parlays as a fallback if all of the legs of the wager are not successful.

Bet tracking and My Bets tab

At the top of the desktop page and bottom of the app, the My Bets tab is a great way for you to view pending, winning, losing and cashed out bets. The section will display the bet's current status and any cashout options available.

Cashout offers

Once a bet is placed with DraftKings Sportsbook, the immediate cashout offer, if presented, is no greater than 90% of the original bet. Unlike some other sportsbooks, you cannot cash out for full value immediately after placing the bet. For bets in action, DraftKings is fair with its offers, but any bet that is cashed out will void any profit boost or promotion used with it.

Social Integration

A unique aspect of DraftKings' user experience is DraftKings Social, where you can see and share what friends and other bettors are betting on at any time. 

DK Social Home

This serves as a social media-style news feed filled with sports betting posts created on DK. You have the option to filter the feed by Bets or For You, which tailors it to your past viewing habits. 

You also have the option to only fill the feed with posts from people you follow, filter the feed by most recent posts, or choose the Popular option to see which posts are getting the most attention.

Lastly, you can filter your betting feed by sport to only see betting content from other DK users related to these sports:

• Soccer
• Basketball
• Football
• Tennis
• Baseball
• Hockey
• Golf
• Boxing
• MMA
• Cricket

The feeds include bets other DK users have placed, where you can click on an odds button to wager the same bet immediately yourself. 

Betting Groups

Think of this section as DraftKings Sportsbook's version of sports betting Discord channels. It's broken down into two options:

• Promoted Groups: very large groups run by media outlets like Bleacher Report or Barstool Sports
• My Groups: every betting group you've joined in one place

My Friends

This tab under the Social section of DraftKings Sportsbook will show you everybody you are following or have mutually connected with as friends. It also includes a "Find Friends" button and a "Recommended" option suggesting accounts to follow.  

Requests

Here you will find everybody who is currently waiting for you to respond to their friend request in the Social section of DraftKings Sportsbook. 

Messaging

This section allows you to have conversations with your groups or one-on-one conversations with friends under the Social tab of the DK Sportsbook app. 

User experience final thoughts

DraftKings Sportsbook is as customer-friendly as any sportsbook in the industry. Its software and app are easy to use, and withdrawals (when done via one of the online transfer methods), are processed extremely fast. Even those who may not be the most technologically savvy can navigate around DraftKings with relative ease due to their clearly identifiable betting menus. In terms of user experience, this is probably my favorite sportsbook in the industry.

Sports and betting markets available to bet on DraftKings

DraftKings has one of the largest selections of betting markets in the industry. Here's a glimpse at what's available:

Quality of odds

DraftKings Sportsbook offers a variety of odds for various sports that are comparable with the rest of the industry. They do offer more alternate lines for football games than Fanatics, so bettors can be more flexible when trying to manipulate spreads and totals in their favor. For example, if the Wildcats are favored by five points, DraftKings allows manipulation of 10 or more points from the original line. Fanatics, for some sports such as college football, only allows 2-3 point alternate lines at most.

DraftKings Sportsbook banking methods

Deposit options

DraftKings Sportsbook offers a large variety of deposit methods. 

DraftKings posts this warning when depositing with Apple Pay:

"Credit card issuers often charge fees for cash advances. Choose a debit card with Apple Pay to avoid feeds. Apple Cash deposits are not supported."

DraftKings posts this warning when depositing with a credit card: 

"Please note that your card issuer may assess additional costs and/or fees according to your cardholder agreement."

I highly recommend never depositing with a credit card to avoid additional fees from your card issuer or bank. Instead, use options like debit card, linking to online banking, PayPal, Venmo, or a debit card saved in your ApplePay. 

Steps to deposit money into your DraftKings Sportsbook account

1. Log into DraftKings Sportsbook 
2. Click the "Deposit +" button in green letters at the top of the home screen
3. Allow DraftKings to verify your location
4. Choose your deposit method
5. Link any necessary online banking or eWallet account to deposit via that method
6. Insert the amount you wish to deposit
7. Slide the arrow button or click to complete the deposit

Withdrawal options

If you're looking for the fastest options, PayPal, Venmo, debit card, or Apple Pay linked to a debit card are your best options. I've initiated countless withdrawals over the past few years on DraftKings Sportsbook and these methods send the funds on the same day and often take less than an hour. 

There is never any fee to withdraw from your DK account; however, wire transfers will usually incur one from your bank. 

Other old-fashioned, non-digital methods are available for those interested and included in the table of DraftKings withdrawal methods below:

Customer support

DraftKings Sportsbook offers various customer service methods including a chatbot/live chat, leaving a voicemail, requesting a callback and contacting them via X. In some cases, they will ask you to verify your personal information to make sure it is not an imposter on your account. I have always been impressed with the speed and friendliness of the online chat, which adds to the already impressive credentials of this sportsbook.

DraftKings Sportsbook responsible gaming tools

The sportsbook offers a separate tab among its Account Settings where players can learn more.

Resources

Explanations as to what identifies problem gambling and how players can seek help if necessary.

Check-ins & alerts

Players can view their statistics and get notified if they may be playing too frequently on the desktop site or mobile app.

Limits

DraftKings offers players an extensive menu of limit options, including the amount deposited on a daily, weekly or monthly basis and deposit options that can be blocked.

Breaks

The sportsbook offers players the ability to take a cool-off period or be excluded from using the service for an indefinite period of time.

DraftKings also offers access to the National Council on Problem Gambling (NCPG) and the 1-800-GAMBLER helpline, ensuring that players have help available at any time.

DraftKings app reviews

While the vast majority of ratings are favorable, the reviews highlighted generally paint the sportsbook in a poor light from customers who either had technical issues (including geolocation problems) or lost money while betting on the app.

DraftKings Sportsbook review: Final verdict

DraftKings Sportsbook is my favorite book to use because of the frequency of promotions, including generous profit boosts and other exciting promotions. In 2024 for example, DraftKings rolled out 'King of the Court', an NBA-themed promotion where bettors could wager on a player's statistic. If the player had the highest points + rebounds + assists for the entire night in the league, the bettor would receive a share of $1,000,000 in bonus bets. It is promotions like these that continue to increase my individual market share with DraftKings.

DraftKings has the flexibility to offer more promotions than any sportsbook. It is rare when DraftKings does not have multiple no-sweat or profit boost options for a variety of sports. I have also noticed that the sportsbook isn't as stingy in terms of restricting bet sizes for those promos compared to FanDuel Sportsbook, whose maximum bet stakes can vary wildly. The user experience and flexibility to bet certain markets without clicking on individual games stand out over every other book.

Another favorite aspect of DraftKings for me is how quickly they grade certain bets such as props or totals, sometimes during the game. Whereas FanDuel won't finalize prop bet wins until after the game ends, DraftKings will grade them if a player or team has safely achieved the goal if the bet is an Over. All Unders will be finalized once the game or period of competition ends.

Honest feedback on how DraftKings Sportsbook can improve

• More deposit bonuses for current customers. While these bonuses are not always available at all sportsbooks, FanDuel and BetMGM have offered more frequent and lucrative deposit matches. DraftKings usually offers a fraction of the deposit in bonus bets, whereas the other two sportsbooks have given 50-100% in bonus bets.
• There are more frequent geolocation issues on desktop which force users to interrupt their betting journey. Fixing those would allow a smoother betting experience.

DraftKings Sportsbook FAQ

Does DraftKings have a promo code?

No, DraftKings doesn't require a promo code for their initial bet $5, get $150 instantly offer.

Does DraftKings pay real money?

Yes, DraftKings pays out cash on eligible bets.

How long does a DraftKings first withdrawal take?

Withdrawals can take between a matter of minutes and a matter of days depending on the withdrawal method chosen.

How do you use a promo code on DraftKings?

Enter a promo code during the registration process if one is available.

Where is DraftKings Sportsbook legal?

Currently, the sportsbook is legal in nearly 30 states. Check the DraftKings website for more details.

How old do you have to be to use DraftKings?

You must be at least 21 years old to use DraftKings Sportsbook.

How do you refer a friend on DraftKings?

DraftKings offers a unique link that can be sent to friends, with both you and the referral receiving rewards (bonus bets) upon a first-time deposit from the new user.

How do you see total winnings on DraftKings Sportsbook?

Look for 'My Stat Sheet' under Account Settings which will list your net betting performance for a selected period.

Eric Cohen

FOLLOW