Bet $5, Get $300 in Bonus Bets If Your Bet Wins
PROMO CODE: Click To Claim
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Welcome Offer
Bet $5, Get $300 in Bonus Bets If Your Bet Wins
DraftKings Promo Code
US States Applicable T&C
AZ, CO, CT, DC, IN, IA, IL, KS, KY, LA (select parishes), MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV or WY
Min Deposit
$5
Overall rating 4 /5
DraftKings, one of the top sports betting apps in the United States today, continues to innovate and excite with its latest promotion: the DraftKings No Sweat Bet Promo. This special new user sign-up bonus offers up to $1,500 in first-bet insurance and is sure to help you get off to a great start in your betting journey.
But how exactly does it work? Who’s eligible to take advantage of this offer? And what are the terms and conditions associated with it? Don’t worry, we’re here to help, and we’ve got the answers to all of your questions.
In this article, we’ll break down the details of the $1,500 No Sweat First Bet at DraftKings Sportsbook, so you can make the most of this exciting opportunity and and kickstart your sports betting experience with confidence. Now, let’s dive right in!
DraftKings No Sweat Bet Promo Code Details
DraftKings offers new bettors the “No Sweat First Bet” promotion, designed to reduce the anxiety of potential losses. When you place your first bet—up to $1,500—on any sport, including NBA, NHL, or MLB, and it doesn’t win, DraftKings credits your account with a bonus bet equal to the amount of your initial wager.
This allows you a second chance without additional risk. This offer does not require a promo code. Additionally, during the NBA playoffs, new players can benefit from daily No Sweat Same Game Parlays (SGP), enhancing the betting experience.
| ✂ DraftKings No Sweat Bet Promo Code: | Click To Claim |
| 🎀 Welcome Offer: | Bet $5, Get $300 in Bonus Bets If Your Bet Wins |
| 🌎 Available States: | AZ, CO, CT, DC, IN, IA, IL, KS, KY, LA (select parishes), MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV or WY |
| 💲 Minimum Deposit: | $5 |
| ✅ Last Verified: | May 22, 2025 by Mike McDermott |
How do you get a $1,500 bonus on DraftKings?
The DraftKings No Sweat Bet allows new users to wager up to $1,500 and receive a full refund in case of loss, along with SGP (Same Game Parlay) insurance. Here’s how it works:
- Registration: New users register for a DraftKings account and deposit a minimum of $5.
- Place Bet: They place their first bet, with a maximum limit of $1,500, on any eligible market.
- Refund Assurance: If the bet loses, DraftKings refunds the full amount up to $1,500.
- No Promo Code Required: This offer does not require any specific promo code for activation.
- Daily SGP/SGPx: Additionally, new players receive a daily no sweat SGP/SGPx throughout the NBA playoffs, enhancing their betting experience.
Bet $5, Get $300 in Bonus Bets If Your Bet Wins
Gambling Problem? Call or TEXT 1-800-Gambler 21+
Gambling Problem? Call or TEXT 1-800-Gambler 21+
Promo Code: Click To Claim
Bet $5, Get $300 in Bonus Bets If Your Bet Wins
Gambling Problem? Call or TEXT 1-800-Gambler 21+
Promo Code: Click To Claim
Gambling Problem? Call or TEXT 1-800-Gambler 21+
What Is a No Sweat Bet on DraftKings?
A No Sweat Bet on DraftKings Sportsbook is a special type of wager that offers a safety net for bettors. With a No Sweat Bet, if your initial wager loses, you will receive a full refund in the form of a single-use bonus bet token, allowing you to take another shot at winning without risking additional funds.
It’s a way for DraftKings to provide added value and reassurance to bettors, giving them a second chance to make a winning bet without any extra stress or worry. For example, the current $1,500 No Sweat Bet promo at DraftKings Sportsbook allows users to recoup up to $1,500 in bonus funds in their first wager doesn’t go as planned.
Examples of how No Sweat Bets work:
No sweat bets, formerly referred to as risk-free bets (before sportsbooks began distancing themselves from this sort of terminology because there’s really no such thing as a “risk-free” bet), work like this on DraftKings:
- All new users of DraftKings Sportsbook will be eligible to receive a No Sweat Bet of up to $1,500 when they first sign up, make a deposit of $5 or more, and place their first wager of at least $1.
- If your first wager is successful, then you’ll receive a payout like normal. In other words, the “No Sweat Bet” element will not be activated or utilized in this scenario; you’ll just get to enjoy the standard winnings from your initial bet.
- However, if your first wager is unsuccessful, then you’ll receive a 100% refund in the form of a bonus bet token worth up to $1,000. This bonus bet can then be used to place a single wager on any betting market of your choice, and if it wins, you’ll receive a full payout (minus the initial stake).
Does DraftKings have a risk free bet?
DraftKings provides a promotional offer that many refer to as a “risk-free” bet, which applies to your first wager on the platform. However, it’s important to note that this offer gives bonus credits, not a cash refund, if your initial bet is unsuccessful.
When you place your first bet and it loses, DraftKings compensates you with bonus bets equivalent to your stake, up to a specified limit. This ensures that while you need to use your funds to qualify for this promotion, you receive a second chance through bonus bets to engage with the platform. This approach allows new users to explore DraftKings’ betting options with a safety net, albeit in the form of bonus credits rather than a direct cash refund.
Terms & Conditions for the DraftKings New User Promo
Before we go any further, let’s take a minute to address some of the most important terms and conditions for the DraftKings $1,500 No Sweat Bet promotion.
Wagering Requirements
Wagering requirements are an important part of any sportsbook bonus or promotion. They dictate how many times you must wager the bonus amount before you can withdraw any associated winnings.
In the case of the DraftKings No Sweat Bet promo, the bonus bet token earned through this promotion has just a 1x wagering requirement. This means any winnings you earn using the token will be immediately available for withdrawal, without any further restrictions or conditions.
Other Important Terms & Conditions
In addition to wagering requirements, here are a few other important pieces of information you should be aware of before claiming the new user bonus at DraftKings Sportsbook:
- The No Sweat Bet promotion at DraftKings is only available to first-time users of the platform. If you have previously signed up for an account at DraftKings Sportsbook and made your first deposit, then you will not be eligible.
- A minimum bet of $1 is required. There is no maximum wager amount for this promotion. However, the bonus bet token awarded (if your first wager loses) is capped at $1,000.
- DraftKings bonus bets are not withdrawable, redeemable, or transferrable. They must be used once before being converted into withdrawable cash.
- The amount of the bonus bet will not be included in any return or winnings. For example, if you place a successful wager at +100 odds using a $50 bonus bet, then you would receive a total payout of $50 (with the initial stake not being included).
- The bonus bet token earned through the DraftKings No Sweat Bet promotion will be credited to your account within 24 hours of your initial wager being settled.
- DraftKings bonus bets are valid for seven days (168 hours) after issuance.
Best Way To Use the DraftKings $1,500 No Sweat First Bet
Are you looking for the best way to utilize the DraftKings No Sweat First Bet promotion? Well, you’re in luck! Here are some strategies and tips to keep in mind when taking advantage of this offer:
Maximize the Potential
Try aiming for a bet that offers a good balance between risk and reward. This might mean choosing an option with slightly higher odds or exploring a market that could give you a bigger payout. By doing this, you can make the most of the promotion while still being cautious.
Do Your Research
Before you make your first bet, take some time to do your homework. Look into the teams, players, or events you’re interested in, and check out recent performances and any important news. This way, you can make smarter decisions and improve your chances of winning.
Utilize the Bonus Bet
If your first bet doesn’t go as planned, don’t forget about the bonus bet you get. Treat it as a second chance to win. Pick your next bet carefully and use the bonus to try something different or take advantage of a new opportunity.
Set Realistic Expectations
Understand that while the promotion provides a safety net for your first bet, it doesn’t guarantee success. Be prepared for the possibility of both wins and losses. Setting realistic expectations can help you avoid disappointment and make better decisions moving forward.
