DraftKings Promo Code July 2024: Bet $5, Get $150 in Bonus Bets

Best DraftKings promo code

Please note that the offer(s) described are only available to eligible customers in the United States.

DraftKings’ offer for first-time users is a great deal. By betting $5, you can receive $150 in bonus bets. The best part is that you only need to deposit a minimum of $5 and place a wager of $5 or more, making it a low-risk offer. Whether you win or lose, DraftKings will still credit your account with $150 in bonus bets. Overall, it’s a pretty good deal.

Additionally, there is no need to search for a DraftKings promo code as the offer is automatically applied to all qualifying individuals.

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DraftKings Up To $300 in Bonus Bets Promo

New customers in select states including IA, IL, LA, MI, NC, NJ, OH, PA, VT, and WY can receive up to $300 in bonus bets from DraftKings. To qualify for this welcome bonus, you must meet specific betting requirements. The bonus structure is similar to the standard offer but includes additional betting tiers that allow you to unlock higher bonus amounts.

If you are located in one of the following ten states and are interested in exploring a potentially higher DraftKings bonus, simply click on the relevant link below:

• Iowa
• Illinois
• Louisiana
• Michigan
• North Carolina
• New Jersey
• Ohio
• Pennsylvania
• Vermont
• Wyoming

DraftKings promo code: how to qualify

Although you don’t need to enter any information during registration to take advantage of the DraftKings $150 bonus bets offer, there are other important aspects of the bonus to consider. Here, we have outlined them for you.

Here is a brief guide on how to collect the DraftKings bonus in a few simple steps:

• Begin by registering with DraftKings Underscoreg.
• You must deposit at least $5 and wager at least $5 on any sports market.
• Win or lose, you’ll be credited with $150 in bonus bets.
• The bonus bets arrive as multiple $25 bonus bets.
• In select states, you can claim up to $300 in bonus bets by increasing your first bet amount.
• Bonus bets are not redeemable for cash.
• Bonus bets will be paid out with 72 hours of your first bet, but often come almost instantly.
• If you do not use the bonus bets within seven days, they will expire.
• The bonus is available until Aug. 18, 2024, at 11:59 p.m. ET. The increased $300 in bonus bets (select states only) expires on July 21, 2024.

Bet $5, Get $150 in Bonus Bets

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How to enter promo code on DraftKings

You do not need a DraftKings promo code to take advantage of the sportsbook’s offers, but you must be located in a legal online sports betting market where DraftKings is licensed and operational.

No matter which platform you are using, you will need to verify your location. If you are on a desktop, you may be asked to download a specific plug-in for the sportsbook. If you are using the mobile app, make sure that location services are enabled. Once you have confirmed your location, you can sign up and make an initial deposit to qualify for the $150 in bonus bets welcome offer.

Follow the simple instructions provided below to claim your welcome offer from DraftKings without using a promo code.

1. Register

To start, sign up with DraftKings. If you are 21 years or older and located in a state where DraftKings operates, you can receive the $150 bonus bets promo code. DraftKings is currently accessible in 25 states across the United States.

Having the following information ready is essential when navigating the sign-up process for the first time: Your full name, date of birth, address, phone number, social security number, and a government-issued identification such as a driver’s license.

You can enjoy a seamless registration process by downloading the DraftKings Underscoreg app, but it is not necessary to claim the welcome bonus. You can also use the desktop website if you prefer.

2. Deposit

After creating your new sportsbook account, you will need to deposit funds in order to be eligible for the sign-up bonus. No DraftKings promo code is required. The minimum deposit required to qualify for the bonus is $5.

3. Wager

You are now able to place a bet on DraftKings. After browsing through their extensive betting options and selecting your preferred market, simply place a qualifying wager of $5 or more. Keep in mind that you will receive $150 in bonus bets regardless of the outcome of your bet, so feel free to choose any bet that interests you! There is no need to only focus on favorites or underdogs.

If you reside in one of the ten states eligible for an enhanced DraftKings welcome bonus (IA, IL, LA, MI, NC, NJ, OH, PA, VT, and WY), the bonus bets you receive will depend on the amount of your initial wager. Wager $5 or more to receive $150 in bonuses. Bet $20 or more to get $200 in bonuses, $50 or more for $250 in bonus bets, or $100 or more to receive the maximum $300 in bonus bets.

4. Withdraw

If your initial bet is successful, you can immediately withdraw your winnings. In the event that your bet is unsuccessful, you will receive bonus bets in increments of $25. These bonus bets cannot be withdrawn as cash, but can only be used to place additional wagers without using your own funds.

All DraftKings promotions

DraftKings offers top-notch sportsbook promotions for new and existing customers. After claiming the welcome offer, be sure to stick around for a variety of ongoing promotions to keep things exciting.

Below is a summary of DraftKings’ ongoing promotions in addition to the welcome offer. Save this page for updates on any new offers from DK or check out the “promos” section in the DraftKings app.

DraftKings current sign up bonus

As a DraftKings customer, you can expect to receive regular No Sweat Bet offers, profit boosts, and other ongoing promotions. By knowing where to look, you can always find a little extra value. However, the most valuable offer for existing users is the bet $5 and get $150 in bonus bets welcome offer.

DraftKings promo code for existing users

Existing DraftKings users may be disappointed to learn that there is no bonus that matches the one-time welcome offer. However, long-time users are not left without any benefits. DraftKings provides various ongoing promotions such as odds boosts, occasional No Sweat SGP tokens, daily profit boosts, and special bonuses for major sporting events.

DraftKings frequently offers special promotions for major sporting events such as the Super Bowl, March Madness, UFC 300, and the NBA and NHL Finals. Keep an eye on the ‘Promos’ section for the latest updates.

DraftKings bonus comparison

Competition among legal sportsbooks is intense, with each vying for your business by offering attractive welcome offers in nearly every legal betting state. It’s important to compare these offers and select the one that best fits your betting style and bankroll size. To maximize potential profit while minimizing risk, consider claiming as many offers as possible.

Take a brief look at how DraftKings’ welcome bonus stacks up against other leading industry competitors.

DraftKings Casino promo

If you live in Michigan, New Jersey, Pennsylvania, or West Virginia and haven’t signed up with DraftKings Casino yet, you can receive a special welcome bonus from one of the top online casinos for real money.

Simply deposit the minimum amount and place at least $5 in total wagers. After completing these requirements, DraftKings will reward you with $50 in casino credit. Before cashing out, you must wager the bonus funds at least once. The good news is that all DK Casino games contribute 100% towards meeting this playthrough requirement (excluding Live Dealer games).

Just like the sportsbook, there is no need for a DraftKings Casino promo code.

Play $5, Get $50 in Casino Credits Instantly

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• Sign up with DraftKings Casino and create your new account.
• Opt in to the offer within seven days of registration.
• You must deposit and wager at least $5 to unlock the offer.
• The bonus funds must be wagered 1x before you can withdraw your winnings.
• If you do not use the bonus funds within seven days, they will expire.

DraftKings fantasy promo code

DraftKings started out as a daily fantasy sports (DFS) platform before expanding into sportsbook and casino options. Despite its growth, DraftKings continues to provide DFS contests and a generous welcome offer for daily fantasy players.

• Get a $500 deposit bonus without needing a DraftKings daily fantasy promo code.
• Choose from multiple popular sports: football, hockey, basketball, golf, NASCAR, MMA, and more.
• Choose a type of contest: Causal, Head-To-Head, 50/50s, or Tournament.

Daily fantasy sports offers a unique and enjoyable alternative to traditional betting and fantasy leagues. Instead of committing to a full season, you can draft a roster and root for individual players without worrying about the final outcome or team performance.

Where is DraftKings legal?

DraftKings is available in 25 states, as shown in the table below. If you are located in one of these states, you can take advantage of the bet $5, get $150 welcome offer. Some states offer up to $300 in bonus bets with specific wagering requirements.

In May 2022, DraftKings Underscoreg made its debut in the newly established Ontario sports betting and iGaming market, offering residents in Canada’s largest province another high-quality sports betting choice. All sportsbooks in this market, including DraftKings, are overseen by the Alcohol and Gaming Commission of Ontario (AGCO).

DraftKings promo offers by state

DraftKings in future states

DraftKings is currently operating in 25 U.S. states, making them a leader in the industry. However, there are still 25 states where they do not have licenses to operate.

There is a trend towards the legalization of sports betting in some states, with Georgia emerging as a possible contender, although they are not quite there yet. On the other hand, states like Utah show no interest in exploring new gambling laws. Stay informed with our legal sports betting state tracker for the latest updates.

Alabama, California, Missouri, Minnesota, and Oklahoma are among the states that have contemplated implementing new sports betting laws. However, it appears improbable that any of these states will legalize sports betting in 2024. Barring significant changes, it is more likely that these states will not introduce sports betting until 2025 or later.

To the surprise of many, DraftKings CEO Jason Robins has revealed that the company is targeting Texas, a state known for its strict anti-gambling laws.

DraftKings sportsbook review

DraftKings, a pioneer in the DFS industry, has expanded its reach to become a dominant force in sports betting, developing a trusted product that competitors aspire to replicate. This has sparked the ongoing debate between FanDuel and DraftKings as they continue to push the boundaries of innovation.

Check out our comprehensive DraftKings review to discover all the features and offerings of this sportsbook, and explore the top highlights listed below.

DraftKings mobile app

DraftKings surpasses most sports betting apps with its impressive mobile platform, featuring a sleek interface, frequent promotions, easy navigation, extensive betting options, and top-notch security measures.

You can find the DraftKings app on the Apple App Store for iOS users and the Google Play store for Android users. Alternatively, you can access download links on the sportsbook’s website.

DraftKings key features

DraftKings showcases all of the essential features that bettors anticipate from a premier online sportsbook. Here are some of the standout features:

DraftKings is known as one of the top live betting sites, offering a wide range of markets in their “Live In-Game” section, along with many micro-betting options.

Creating same-game parlays on DraftKings is easy. You can either choose your own legs carefully or use the “Quick SGPs” feature for pre-made options.

Early cash out is a feature offered by many online sportsbooks, including DraftKings. With this option, you can choose to withdraw money from your bet before a game concludes if you no longer want to continue with the wager.

DraftKings pros and cons

While many consider DraftKings to be the leading sportsbook in the country, it is important to note that no sports betting platform is flawless. Below, we have listed the pros and cons of the DraftKings platform.

Pros

The standout feature of DraftKings’ sports betting product is its top-rated mobile app. With smooth navigation, thoughtful organization, and overall reliability, it surpasses even its toughest competitors.

DraftKings offers ongoing promotions that go beyond just a sign-up bonus. With its Dynasty Rewards program, same-game parlay offers, and consistent profit and odds boosts, there is always something extra to enjoy. Plus, you won’t ever have to worry about entering a DraftKings promo code.

✔️ Comprehensive selection of betting options – DraftKings offers a wide range of sports to bet on, including popular choices like basketball and football, as well as more unique options like cricket and rugby.

Cons

DraftKings often sets limits on bets for odds boosts, which restrict the potential winnings from these promotions.

✅ Strong primary welcome offer but lackluster alternate option – While DraftKings offers a generous welcome deal for new users, their secondary offer falls short. With a 20% deposit match up to $1,000, players must deposit $5,000 and bet $25,000 to receive the full bonus amount.

Popular DraftKings bet types

DraftKings provides a wide range of betting options in various markets. Below, we have highlighted the most popular choices.

• Spreads
• Moneylines
• Over/Unders
• Props
• Parlays

Props and parlays are especially popular among NFL bettors. As the 2024-25 season approaches, be sure to review our recommendations for the top prop betting sites and parlay betting sites to find the best sportsbooks for these types of bets.

DraftKings sports to bet on

DraftKings is a top player in the legal sports betting market, providing a comprehensive selection of sports for wagering. Depending on your location, you can find odds for at least 30 sports on any given day.

In addition to popular mainstream sports, there are also betting markets available for niche sports such as volleyball, snooker, jai alai, futsal, darts, and cycling races from various countries.

DraftKings is a top choice for NFL betting, with excellent football betting promotions and a competitive Super Bowl promo.

DraftKings odds quality and betting limits

DraftKings remains competitive with its pricing strategy, although there are sportsbooks that surpass it in this aspect. However, these competitors often lag behind in other areas where DraftKings excels. Many top platforms like FanDuel, BetMGM, and Caesars offer similar odds.

DraftKings does have betting limits in place, particularly on odds boosts, and may restrict players who consistently beat the house for big wins. However, this should not be a major concern for most casual bettors. Similar to FanDuel, DraftKings has a maximum payout of $1 million for any bet.

DraftKings payment methods

It’s easy to bank with DraftKings thanks to a variety of popular methods like credit and debit cards, PayPal, Play+, and Venmo. Even beginners can navigate the process smoothly, making DraftKings one of the top choices for online sportsbook payouts.

DraftKings customer support

Contacting DraftKings’ customer service team is easy. Registered users can reach out to an agent through live chat, which is available 24/7, or use the online form on the website for a quick response. Other options include email, phone, social media, and a comprehensive online help center.

• Live chat: Available 24/7
• Email: [email protected]
• Phone: Voicemails can be left at 1 (855) 357-2377; callback service is available
• Twitter: @DK_Assist
• ‍ Support language(s): English

Why choose DraftKings?

DraftKings is often hailed as one of the top online sportsbooks due to its user-friendly interface, attractive welcome bonus, seamless mobile app, and competitive odds. With regular promotions for existing customers, DraftKings is a clear standout in the industry. It’s hard to see any reason not to choose DraftKings for your sports betting needs.

⭐We rate DraftKings 4.7 out of 5.0.

DraftKings user reviews

DraftKings is a highly popular online sportsbook with a large user base. We gathered feedback from various sources such as Reddit, Trustpilot, the iOS App Store, and the Google Play Store, as well as our SBR Community forums.

This is how the overall sports betting community perceives DraftKings:

The bonuses exceeded my expectations, particularly the $1,500 first-bet insurance and the 2 Run Up early payout for MLB games. While reduced juice would be a nice addition, I believe it is the top book in the United States. I also had a positive experience with customer service when I encountered an issue.

-raiders72001, SBR Forum user

Please note that the $1,500 first bet insurance and 2 Run Up MLB promo are not currently available, but DraftKings does periodically bring them back into the rotation.

This sportsbook is top-notch with a wide range of options and fantastic boosts. They truly value their customers, setting them apart from their competitors. I would give them a five-star rating!

Behls, Review on the iOS App Store

I can’t comprehend why there are negative reviews. In my opinion, DraftKings is the top betting app available. I have never had any problems with deposits, and withdrawals consistently hit my bank account almost immediately. They offer daily promotions, and most bonus bets only require a 1x wagering requirement before converting to instant cash.

-Donovan McDaniel, Trustpilot user

User comments may be edited for spelling, grammar, and/or clarity.

Recent DraftKings updates

Additional sportsbook promo codes

You do not need a DraftKings bonus code to claim the online sportsbook’s sign-up offer, but you may need one to receive a bonus from another top betting site in the country.

We have conducted a thorough examination of Caesars, DraftKings, FanDuel, and other sports betting platforms to compile information on their promo code offerings for your convenience.

• bet365 bonus code
• Betfred promo code
• BetMGM bonus code
• BetRivers bonus code
• Betway bonus code
• Borgata promo code
• Caesars Underscoreg promo code
• ESPN BET promo code
• Fanatics promo code
• FanDuel promo code
• Golden Nugget promo code
• Hard Rock Bet promo code