Many sports bettors maybe be familiar with the popular Bet $1 dollar win $100 or $150 offers that dominated the sports betting market when legalization first swept the US. Today with more states and sportsbook looking to further enhance users experiences they have upped the ante. Gone is the Bet $1 Win $100 or Bet $1 Win $150 and replaced with Bet $5 Win $200 Instantly!
DraftKings Bet 5 Dollars Get 200 In Bonus Bets
As the sports betting scene explodes here in the new year with the, NFL Playoffs, College Basketball, NBA, and NHL all going strong DraftKings Sportsbook is keeping up with a “users choice” sportsbook promotion with a 40-1 odds boost promotion exclusively for its new users! New DraftKings customers can bet $5 on any Money line across all sports and get $200 in free bets instantly! Regardless if it wins or loses, plus collect winnings if it does win! All you need to do is claim the offer now to get going.
| DraftKings Sportsbook | Information |
|---|---|
| ❗ DraftKings Promo Code: | No Code – Click To Claim |
| 🎁 DraftKings Sportsbook Bonus: | Bet $5 to get $200 instantly |
| ✅ Available States: | AZ, CO, IL, IN, IA, KS, LA, MD, MI, NJ, NY, OH, PA, TN, VA, WV, WY |
| 💰 Minimum Deposit: | $5 |
| 📱 DraftKings Mobile App: | Yes – IOS & Android |
| ⌚ Last Verified: | January 30, 2023 |
How Does the DraftKings Bet $5 Win $200 Promo Work?
- Register a new account using the links above or by clicking here, and fill out the short registration form, a DraftKings Promo code is not needed to qualify
- Deposit $5 into your new DraftKings account using one of their many secure methods
- Place a wager of $5+ on any pre-game moneyline of your choice
- Win or lose, you will instantly receive $200 in free bets, in addition to any cash winnings from your original wager once it settles
- Bonus will be instantly paid as eight (8) $25 Free Bets
Other Terms to Know About the DraftKings Bet $5 Get $200 Promo
- Must be physically located in a legal betting state, when placing the wager
- Must be 21+ years of age or older (18+ in NH/WY)
- Free Bets are valid for seven (7) days. Failure to use the Free Bets will void the award
- Free Bet amount is not included in any returns or winnings
What’s The Best Way To Win The DraftKings Promo?
This is a Pre-Game money line bet! So all the team has to do is win. Usually, this is the point where we go deep into strategy, but there really is no wrong way to use this promo. However the optimal way is to bet on a team with a Very high money line price, the higher the price the more likely they are to win.
From there, once you get the free bets, it’s important to note that you only receive winnings from the free bets. For example, if you bet $25 on a +200 money line with cash, the final payout will be $75 ($25 bet + $50 profit). The same bet with a $25 free bet would only payout the $50 profit. Or if you use a free bet on a spread bet Giants +3 -110, your final payout $22.72, rather then ($25 Bet & 22.72 profit) $47.72 with a cash bet.
What are my options for using the Draftkings Promo Code?
January is a huge month in terms of options to bet on. Heres a quick look at whats going on right now:
- NHL – The puck dropped on October 7th for the 2022-2023 NHL season as is at the half way mark and teams are beginning to separate themselves
- NFL – Its down to the final four teams this weekend fighting for the right to goto the Super Bowl
- College Football – is now in the offseason
- NBA – The 2022-2023 NBA season tipped off on October 18, 2022 and is heading into month number 3.
- College Basketball – is in full swing conference play is underway
- UFC – This month UFC 284 and FIght Night: Lewis vs Spivac
- Other Sports – DK does limit this promotion just to the major sports, have a bet you like make it!
Is The DraftKings Promo Too Simple To Win?
If it sounds too simple, you have to understand that these offers from DraftKings Sportsbook are, and have always been, ways to encourage users to sign up and get a good head start with their bankrolls. These are supposed to be attainable. They are supposed to have a high likelihood of coming through.
Think of it in terms of a car dealership offering three free oil changes with the purchase of a new car. The dealer will eat the cost of services to get you to check out their service department in hopes of gaining a customer for life.
In the same light, DraftKings Sportsbook uses these new player offers as a marketing tool. They hope that you will enjoy playing on their sportsbook over your eight $25 free bets and continue to use their services long after the free bets are gone.
About DraftKings Sportsbook
DraftKings Sportsbook seemingly went from a booming DFS marketplace to overnight sportsbook success. When PASPA was overturned on May 14, 2018, DraftKings was right there, ready to go. Since instant success in New Jersey, this is a sports betting operator that has expanded to include most of the states that currently accept legal sports wagers.
Competition is fierce across the industry for users to sign up and that is why places like DraftKings offer such great bonuses and promotions in order to get your business. This type of environment is great for bettors that want to line shop and also take advantage of the best sign-up offers and promos.
The Bet $5, Win $150 offer from DraftKings Sportsbook is just the tip of the iceberg. They regularly offer contests for sportsbook users and also have the largest collection of odds in the legal US sports betting landscape, especially when it comes to props and futures wagering.
DraftKings Sportsbook is up and running in every legal US betting state.
Keep an eye on this page to see the most recent Bet & Get promotions at DraftKings and sign up when the time is right with one of the best US sportsbooks.
Disclaimer: 21+ AND PRESENT IN A LEGAL STATE. GAMBLING PROBLEM? CALL 1-800-GAMBLER
DraftKings Bet & Get FAQ
Yes, DraftKings Sportsbook is fully licensed and regulated in each US state where the offer is available.
Yes, free bets winnings are paid out as cash at DraftKings Sportsbook, the free bet itself is not returned after the wager is graded.
In order to get your free $200, you must place a $5 money line wager on any event of your choice. You instantly be credited $200 in free bets.
