DraftKings Promo Code New User Bonus In December

For sports betting enthusiasts looking for value, DraftKings Sportsbook offers one of the most generous promotions in the industry: bet $5 and receive $150 in bonus bets. As an experienced reviewer of online sportsbooks, I’ve explored countless platforms, and DraftKings consistently excels in delivering top-notch features, including live betting, user-friendly navigation, and competitive pricing across major markets. In this article, I’ll share how you can claim the DraftKings promo code, highlight key features of the sportsbook, and provide tips for making the most of this exciting sign-up bonus.

Bet $5, Get $150 in Bonus Bets Instantly

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New User Bonus

Bet $5, Get $150 in Bonus Bets Instantly

DraftKings Promo Code

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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 5 /5

DraftKings $150 New User Promo

The DraftKings welcome bonus offers new users a “Bet $5, Get $150” promotion, and no promo code is needed. To claim, deposit at least $5 and place your first wager of $5 or more on any market.

How do I claim the $150 promo code on DraftKings?

To claim the $150 promo on DraftKings, sign up for a new account, agree to the terms and conditions, and confirm your account. Deposit at least $5 and place a qualifying $5 wager. New users in AZ, CO, CT, IL, IN, MA, ME, NC, OH, PA, WY, or WV receive the $150 bonus instantly. In DC, IA, KS, KY, LA (select parishes), MD, MI, NJ, NY, TN, VA, or VT, the bonus is awarded only if your initial wager is a win.

DraftKings Promo Code Quick Details

How does the $150 promo work on DraftKings?

When you place a qualifying wager on DraftKings, you’ll receive $150 in bonus bets to your account about 72 hours after your first bet is settled, split into six $25 bonus bets, regardless of whether your initial bet wins or loses in AZ, CO, CT, IL, IN, MA, ME, NC, OH, PA, WY, or WV receive the $150 bonus instantly. In DC, IA, KS, KY, LA (select parishes), MD, MI, NJ, NY, TN, VA, or VT, the bonus is awarded only if your initial wager is a win.. Once your qualifying bet is settled, any cash winnings from it will be credited to your account. This offer is limited to one per customer. These bonus bets are not withdrawable and must be used within seven days (168 hours) of activation.

Using your bonus bets

If you lose your first bet and once you get the bonus bets back, it’s important to note that you only receive winnings from wagers placed using the bonus 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 bonus bet would only payout the $50 profit. Or if you use a bonus 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.

Optimal strategy suggests betting on underdogs with a money line value of +200 to +400. Example:

Example: Place a wager on a +250 underdog with a $25 bonus bet. You’ll win $75 if it wins, and you can expect the bet to win 28.57% of the time. The expected value of this bet is 28.57% x $75, which equals $17.86.

Does DraftKings have a new user casino promo?

To get a new user bonus on DraftKings Casino, sign up and play $5 to receive $50 in casino credits instantly. This offer is valid for one customer per account. You must opt-in within seven days of signing up. Make a first-time deposit of $5 or more, then place a wager of at least $5 to unlock the $50 in casino credit.

How does the DraftKings Promo compare with other sportsbooks?

Comparison	DraftKings	FanDuel	Bet365	Fanatics
New User Bonus	Bet $5 Get $150 Instantly	Bet $5 Win $150	Bet $5 Get $150 In Bonus Bets	No sweat bet between $5-$100 during first 10 days
Promo Code	Click To Claim	Click To Claim		Click To Claim
Bonus Type	Bet & Get	Bet & Win	Bet & Get	Bet Match
Redemption Period	7 Days	7 Days	7 Days	7 Days
Min Deposit	$5	$10	$10	$5
ATS Rating	4.7/5.0	5.0/5.0	4.8/5.0	4.2/5.0
States Available	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	AZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY	AZ, CO, IA, IN, KY, LA, NC, NJ, OH, PA, VA	AZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, NY, NC, OH, PA, TN, VA, VT, WV, & WY

Other on going promotions to know about

Refer A Friend

DraftKings believes in spreading the joy of sports betting. With their “Refer A Friend” program, you can invite your friends who have yet to register with DraftKings and get a sportsbook referral bonus. Here’s how it works – once your referred friend deposits at least $25, you and your friend will receive a $25 bonus. And the best part? The maximum bonus can reach up to $100, making it a win-win situation for everyone.

Loyalty Program

DraftKings introduces the Dynasty Rewards program, a tiered system that rewards you for your loyalty. It’s simple – the more ‘crowns’ you gather (DraftKings’ version of points), the more rewards you unlock. For every $2 sports bet you place, you earn one crown. As you accumulate more crowns, the rewards increase in value. It’s a testament to DraftKings’ commitment to recognizing and rewarding their dedicated bettors.

Daily Odds Boosts

DraftKings keeps the surprises coming with their Daily Odds Boosts. Keep an eye on their promotions page, and you’ll discover daily odds boosts across a wide range of sports. These boosts can significantly enhance your potential winnings and add extra thrill to your sports betting adventures. Don’t miss out on these limited-time offers – they could be your ticket to even bigger wins. Here is what is available for this week:

DraftKings Promo Code FAQ