DraftKings promo code 2025: Get $200 bonus if your first $5+ bet wins

DraftKings Sportsbook is one of the most customer-friendly sports betting apps. The latest DraftKings promo code gives new users a "Bet $5, Get $200 in Bonus Bets if Your Bet Wins" offer.

This week is a great time to lock in this welcome bonus, with the NBA, NHL, college basketball and NFL on the slate. 

Additionally, Missouri sportsbooks, DraftKings included, are operational as of Dec. 1, and DraftKings Missouri users can bet $5 and get $300 in bonus bets instantly. If you are located in the state, check out the DraftKings Missouri promo code.

The sportsbook offers a variety of betting options across many sports. From spreads to totals, live betting and futures, the menu at DraftKings is as expansive as any sportsbook.

Those located in Michigan, New Jersey, Pennsylvania, and West Virginia also have access to the DraftKings Casino promo code.

With no promo code required, new DraftKings users can register and place a first wager of at least $5 with minimum -500 odds. If the bet wins, you'll receive up to $200 in bonus bets.

The bonus bets are single-use, cannot be withdrawn, and must be wagered within seven days or they will expire.    

In addition to the bonus bets, any winning bet will award the customer their winnings in cash. Let's say you bet $5 on the Wildcats to beat the Jayhawks, and they successfully do. You will receive your $5 initial bet plus winnings from the bet in cash.

Once you finish with the bonus bets from your welcome bonus, you can take advantage of the daily promotions and boosts offered by DraftKings.

DraftKings offers more profit boosts than any other book. Whether via Same Game Parlay (SGP) boosts or No Sweat SGP(s), there are plenty of incentives for customers to combine multiple picks into the same bet. This sportsbook also allows SGPx, which is multiple Same Game Parlay bets in the same parlay wager. Parlay boosts most often apply to SGPx. The percentage profit boosts and maximum stake allowed are based on how the company views you as a player. Smaller bettors will receive smaller max stakes than those whose average bet size is larger.

If you have wagers affected by players getting injured during games, users may be eligible to receive cash credits back for those bets. For single bets, if your bet qualifies for Early Exit, you'll receive cash credits equal to the amount of your original stake.

For parlays, same game parlays and SGPx wagers, the remaining legs of your parlay will remain open, and the odds of your parlay will be recalculated. Here's an example: a three-leg parlay with each leg having individual odds of +100, resulting in total odds of +700. If one leg qualifies for Early Exit and the other two legs remain open, your total odds would be recalculated to +300 based on the two remaining legs' odds of +100. If the remaining legs settle as wins, your parlay will be paid out as a winner at the recalculated odds.

Early Exit considerations only apply to pre-match bets and full game player prop bets only.

Bets with selections that were unconditionally determined before the injury will not be considered for Early Exit. Similarly, "Under" bets will be winning bets still at the time of injury and not part of the Early Exit program.

Make selections by the start of the pool for your chance to win the jackpot. The jackpot will initially be set at $10,000, which will then grow with every entry in the pool. The jackpot will be paid out to users who get all 15 questions correct. If multiple users get all 15 questions correct, the Jackpot will be split evenly among all players who answered all 15 questions correctly.

So what if no user gets all 15 correct? The Jackpot will roll over to a subsequent, separate pool and will continue to roll over until there is a winner. The subsequent pool will begin with the ending total prize amount of the previous pool, and this will continue until a winner is determined.

This pool allows up to 10 entries per user. If applicable, the payout or jackpot will be credited to the user's accounts within 24 hours of the completion of the final event that is the subject of a question in the pool.

In the event of game cancellations, postponements, or voided events, the jackpot pool will not run if fewer than 14 events on the card are capable of completion. In this case, the jackpot will be canceled with entry fees refunded to entrants and the next jackpot will not have an increased prize pool.

If the pool runs with only 14 questions, the Jackpot will be paid out to the users who answered all 14 questions correctly.

DraftKings offers arguably the best rewards program in the industry. Crowns are earned based on playing on the sportsbook and can be redeemed for DraftKings merchandise in their store, daily fantasy credits, or bonus bets. Tier Credits help determine your status as a player and come with more perks, including bonus bets and crown boosts, as you bet more within a given year. 

DraftKings' biggest competitor, FanDuel, offers no loyalty program, making this one reason I give this sportsbook a leg up. I also prefer DraftKings' rewards program to those offered by BetMGM and Caesars, but others may disagree and use those for hotel or trip credits at respective properties. Fanatics rewards give cash back to the Fanatics.com store, which is my personal favorite option of any sportsbook reward in the market today.

DraftKings Sportsbook features a Refer A Friend program. Send a friend your custom link, and you get up to $100 in bonus bets when they sign up via a match of their first deposit. Your friend must be a new DraftKings Sportsbook customer and deposit at least $25.

However, your friend would receive a more attractive signup bonus through the offer on this page.

It's hard to find the Refer A Friend program and your personal link in the DK Sportsbook app. The fastest way is to use the search option and type in "refer" to get a link straight to the program and your customer referral link.   

Compared to other sportsbook promos, this DraftKings promo is on par with others that offer "bet and get" type promos. Sometimes, with a bet and get style promotion, sportsbooks will require you to win your first bet to claim the bonus bets, and the current DraftKings promo falls into that category.

Here is a brief description of the other sportsbook promos currently available to new users:

The current FanDuel promo is also of the bet and get variety, and, like DraftKings, it requires your first bet to win to claim the $150 bonus, which is less than what DraftKings offers.

Those looking for a first bet offer may want to consider the BetMGM promo code, where if you lose your first bet, you will receive your stake in bonus bets, up to $1,500. Just use code SPORTSLINE.

The latest Caesars welcome bonus offers 20 (twenty) 100% profit boosts after placing a first bet of at least $1. The max wager for each rewarded profit boost is $25 and the max additional winnings for each rewarded profit boost is $2,500.

Another variation of the "bet and get" is available with the Fanatics Sportsbook promo. It works over the course of 10 days for up to $2,000 in FanCash. Use promo code SPORTSLINEFAN to unlock this bonus.

To be eligible for this offer, new users must make a minimum $10 initial deposit. Then you can place a $1+ bet on any sports market with odds of at least -500 and apply the bet insurance token in your bet slip. Fanatics will then credit your account in FanCash if your wager loses, up to $200 daily for 10 consecutive days starting the day of account creation. Winning wagers are paid out in withdrawable cash. FanCash for this promo expires seven days after issuance.

Finally, the bet365 bonus code also offers a bet and get, and, like DraftKings, does not require your initial bet to win to claim the bonus.

DraftKings offers a brilliant user experience in every aspect of the betting process. I've outlined the experience below.

The DraftKings Sportsbook app and desktop site have more features than any other sportsbook. For starters, the app home screen has more than 30 clickable buttons or features. No other sports betting apps have that many. Nevertheless, it is a very intuitive design and easy for even the novice sports bettor to find what they are looking to bet, but also have fun exploring and discovering DK's features. Dark mode is also the default lighting setting, which we appreciate. For these reasons, it is our favorite sportsbook design.

When you select a bet by clicking on it, the pick is shown in the bet slip on the right side of the desktop or at the bottom of the app. Once multiple bets are placed in the slip, parlay and round robin options are shown. The bettor will submit the wager amount and see the payout options depending on the type and size of the wager. If you bet $20 on the Wildcats to win as a -200 money line favorite, for a straight wager, the total winnings (including initial stake) would be $30. Parlays would combine this bet with other selections and offer much greater odds. Round robins offer the ability to split three or more bets into multiple parlays as a fallback if all of the legs of the wager are not successful.

At the top of the desktop page and the bottom of the app, the My Bets tab is a great way for you to view pending, winning, losing and cashed out bets. The section will display the bet's current status and any cashout options available.

Once a bet is placed with DraftKings Sportsbook, the immediate cashout offer, if presented, is no greater than 90% of the original bet. Unlike some other sportsbooks, you cannot cash out for full value immediately after placing the bet. For bets in action, DraftKings is fair with its offers, but any bet that is cashed out will void any profit boost or promotion used with it.

A unique aspect of DraftKings' user experience is DraftKings Social, where you can see and share what friends and other bettors are betting on at any time. 

This serves as a social media-style news feed filled with sports betting posts created on DK. You have the option to filter the feed by Bets or For You, which tailors it to your past viewing habits. 

You also have the option to only fill the feed with posts from people you follow, filter the feed by most recent posts, or choose the Popular option to see which posts are getting the most attention.

Lastly, you can filter your betting feed by sport to only see betting content from other DK users related to these sports:

The feeds include bets other DK users have placed, where you can click on an odds button to wager the same bet immediately yourself. 

Think of this section as DraftKings Sportsbook's version of sports betting Discord channels. It's broken down into two options:

This tab under the Social section of DraftKings Sportsbook will show you everybody you are following or have mutually connected with as friends. It also includes a "Find Friends" button and a "Recommended" option suggesting accounts to follow.  

Here you will find everybody who is currently waiting for you to respond to their friend request in the Social section of DraftKings Sportsbook. 

This section allows you to have conversations with your groups or one-on-one conversations with friends under the Social tab of the DK Sportsbook app. 

DraftKings Sportsbook is as customer-friendly as any sportsbook in the industry. Its software and app are easy to use, and withdrawals (when done via one of the online transfer methods), are processed extremely fast. Even those who may not be the most technologically savvy can navigate around DraftKings with relative ease due to its clearly identifiable betting menus. In terms of user experience, this is probably my favorite sportsbook in the industry.

DraftKings has one of the largest selections of betting markets in the industry. Here's a glimpse at what's available:

DraftKings Sportsbook offers a variety of odds for various sports that are comparable to the rest of the industry. They do offer more alternate lines for football games than Fanatics, so bettors can be more flexible when trying to manipulate spreads and totals in their favor. For example, if the Wildcats are favored by five points, DraftKings allows manipulation of 10 or more points from the original line. Fanatics, for some sports such as college football, only allows 2-3 point alternate lines at most.

DraftKings Sportsbook offers a large variety of deposit methods. 

DraftKings posts this warning when depositing with Apple Pay:

"Credit card issuers often charge fees for cash advances. Choose a debit card with Apple Pay to avoid fees. Apple Cash deposits are not supported."

DraftKings posts this warning when depositing with a credit card: 

"Please note that your card issuer may assess additional costs and/or fees according to your cardholder agreement."

I highly recommend never depositing with a credit card to avoid additional fees from your card issuer or bank. Instead, use options like a debit card, linking to online banking, PayPal, Venmo, or a debit card saved in your Apple Pay. 

If you're looking for the fastest options, PayPal, Venmo, a debit card, or Apple Pay linked to a debit card are your best options. I've initiated countless withdrawals over the past few years on DraftKings Sportsbook and these methods send the funds on the same day and often take less than an hour. 

There is never any fee to withdraw from your DK account; however, wire transfers will usually incur one from your bank. 

Other old-fashioned, non-digital methods are available for those interested and included in the table of DraftKings withdrawal methods below:

DraftKings Sportsbook offers various customer service methods, including a chatbot/live chat, leaving a voicemail, requesting a callback and contacting them via X. In some cases, they will ask you to verify your personal information to make sure it is not an imposter on your account. I have always been impressed with the speed and friendliness of the online chat, which adds to the already impressive credentials of this sportsbook.

The sportsbook offers a separate tab among its Account Settings where players can learn more. Responsible Gaming giveaways have also arrived at DK, where users can check their stats for a shot at scoring a pair of Beats headphones. 

Explanations as to what identifies problem gambling and how players can seek help if necessary.

Players can view their statistics and get notified if they may be playing too frequently on the desktop site or mobile app.

DraftKings offers players an extensive menu of limit options, including the amount deposited on a daily, weekly or monthly basis and deposit options that can be blocked.

The sportsbook offers players the ability to take a cool-off period or be excluded from using the service for an indefinite period of time.

DraftKings also offers access to the National Council on Problem Gambling (NCPG) and the 1-800-GAMBLER helpline, ensuring that players have help available at any time.

While the vast majority of ratings are favorable, the reviews generally paint the sportsbook in a poor light from customers who either had technical issues (including geolocation problems) or lost money while betting on the app.

DraftKings Sportsbook is my favorite book to use because of the frequency of promotions, including generous profit boosts and other exciting promotions. In 2024, for example, DraftKings rolled out 'King of the Court', an NBA-themed promotion where bettors could wager on a player's statistic. If the player had the highest points + rebounds + assists for the entire night in the league, the bettor would receive a share of $1,000,000 in bonus bets. It is promotions like these that continue to increase my individual market share with DraftKings.

DraftKings has the flexibility to offer more promotions than any sportsbook. It is rare when DraftKings does not have multiple no-sweat or profit boost options for a variety of sports. I have also noticed that the sportsbook isn't as stingy in terms of restricting bet sizes for those promos compared to FanDuel Sportsbook, whose maximum bet stakes can vary wildly. The user experience and flexibility to bet certain markets without clicking on individual games stand out over every other book.

Another favorite aspect of DraftKings for me is how quickly they grade certain bets, such as props or totals, sometimes during the game. Whereas FanDuel won't finalize prop bet wins until after the game ends, DraftKings will grade them if a player or team has safely achieved the goal if the bet is an Over. All Unders will be finalized once the game or period of competition ends.

No, DraftKings doesn't require a promo code for their welcome offer of bet $5, get $200 in bonus bets if your bet wins.

Yes, DraftKings pays out cash on eligible bets.

Withdrawals can take between a matter of minutes and a matter of days, depending on the withdrawal method chosen.

Enter a promo code during the registration process if one is available.

Currently, the sportsbook is legal in nearly 30 states. Check the DraftKings website for more details.

You must be at least 21 years old to use DraftKings Sportsbook.

DraftKings offers a unique link that can be sent to friends, with both you and the referral receiving rewards (bonus bets) upon a first-time deposit from the new user.

Look for 'My Stat Sheet' under Account Settings, which will list your net betting performance for a selected period.

Eric Cohen

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