Updated September 10, 2026
Editorial Review By: Henrik NormanSenior Sports & Casino Editor
$200
*This calculation excludes the original bonus stake because DraftKings only pays out profits on bonus bets.
Click the DraftKings promo link on this page
The link will carry you straight to DraftKings so you can sign up
Create an Account
Enter your personal information and complete the verification process
Deposit & Place Your First Bet
The current DraftKings promo requires a minimum deposit of $5.
$50 in Bonus Bets available after qualifying
Place the required qualifying wager and the first $50 in Bonus Bets is credited to your account.
Additional $150 distributed over 21 days
Log in to claim another $50 on Days 7, 14 and 21, for $200 in total Bonus Bets.
Bonus Bets expire seven days after being credited
Each Bonus Bet is valid for 168 hours after it reaches your account.
Bonus Bet stakes are not returned with winnings
Only the profit from a winning Bonus Bet is paid out — the value of the Bonus Bet itself is not returned.
Additional Bonus Bets
$150
Typical Bet (-110)
$150 → win $136.36
Implied Probability
52.4%
Estimated Cash Value
~$70-$75 in real cash
Stake Returned on Win
✕ NoThis is an estimate based on typical -110 odds. Splitting your $150 in bonus bets across multiple wagers can help reduce variance and maximize their expected value.
ATS Expert Verdict
“DraftKings’ current welcome offer has a very low barrier to entry, requiring only a $5 qualifying wager to unlock up to $200 in Bonus Bets. You receive $50 after qualifying, followed by three additional $50 installments on Days 7, 14 and 21. That structure rewards bettors who continue using the sportsbook, but it does require you to log in and claim each installment before it expires. Overall, it is a strong offer for new customers who are comfortable spreading their bonus play across several weeks.”
No. The standard DraftKings welcome offer does not require you to manually enter a promo code when signing up through an eligible promotional offer. Always check the offer displayed in your account before placing your first wager.
You need to place a first-time cash wager of at least $5 on an eligible DraftKings Sportsbook market. After completing the promotion requirements, qualifying customers receive $200 in Bonus Bets.
No. DraftKings Bonus Bets cannot be withdrawn as cash. If a Bonus Bet wins, the profit is added to your cash balance, but the Bonus Bet stake itself is not returned.
DraftKings Bonus Bets issued through this offer expire seven days (168 hours) after they are credited to your account. Any unused Bonus Bets are void after expiration.
No. DraftKings offers several products nationwide, but DraftKings online Sportsbook is only available in states where online sports betting is permitted and DraftKings operates. You must be physically located in an eligible state to place a Sportsbook wager.
DraftKings currently offers online sports betting in AZ, AR, CO, CT, DC, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MO, NH, NJ, NY, NC, OH, OR, PA, TN, VT, VA, WV and WY. Availability and promotional eligibility can vary by jurisdiction.