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DraftKings promo code 2026: Get $150 in bonus bets
The latest DraftKings promo code (August 5) offers new users a "Spend $5+, get $150 in bonus bets" bonus.
ByEricCohen·Published: Aug 05, 2026 2:38PM UTC·20 min read
The latest DraftKings promo code gives new users a "Spend $5+, Get $150 in Bonus Bets" offer.
DraftKings Sportsbook is one of the most customer-friendly sports betting apps. 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.
DraftKings Sportsbook promo code overview
With no promo code required, new DraftKings users can register and spend $5 or more. Afterwards, the user's account will be credited with $150 in bonuses within 14 days.
The bonus bets arrive in six $25 increments, are single-use, cannot be withdrawn, and must be wagered within seven days, or they will expire. Two bonus bets are distributed every seven days, beginning when the user spends the initial $5.
Terms and conditions for the DraftKings welcome bonus:
The bonus is available to new DraftKings customers only in AR, AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, NC, NJ, NY, OH, PA, TN, VA, VT, WY and WV.
New users must deposit a minimum of $5.
They must spend $5 or more.
The bonus bets come as six bonus bet tokens, each worth $25, and are received within 14 days. Bonus tokens are distributed in sets of two once every seven days.
The bonus bets must be wagered once before any winnings can be withdrawn.
The bonus bets are not included in any cash winnings, nor are they transferable or refundable.
The bonus bets expire after seven days.
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.
How to sign up for DraftKings Sportsbook and claim the promo code
Click Claim Bonus on this page to navigate to the DraftKings Sportsbook website or app.
Click the SIGNUP button to start the registration process.
Fill in your personal details, including name, email, address and date of birth.
Make your first deposit of at least $5. You can use various deposit methods, including PayPal, Venmo, debit card, credit card or gift card.
Spend $5, and you will receive $150 in bonus bets via six tokens in your bet slip, worth $25 each.
DraftKings Sportsbook's existing user promos and loyalty program
Once you finish with the bonus bets from your welcome bonus, you can take advantage of the daily promotions and boosts offered by DraftKings.
Latest DraftKings Sportsbook promos
Tennis Profit Boost: Get a 30% profit boost to use on any tennis bet on Wednesday.
Soccer SGP Profit Boost: Grab a same game parlay boost to use on a soccer wager today.
Boosts and No Sweat Bets
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.
Early Exit
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.
Jackpot Pools
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.
Dynasty Rewards program
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 the one offered by BetMGM, 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.
Referral bonus
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.
How does DraftKings' promo compare to other sports betting app bonus offers?
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.
Sportsbook
Welcome bonus
Promo code
DraftKings
Spend $5+, get $150 in bonus bets
No code is required
BetMGM
Up to $1,500 in bonus bets back if your first bet loses
SPORTSLINE
FanDuel
Bet $5, Get up to $1,000 in Bet Reset Tokens
No code is required
Fanatics
10x$100 Bet Match in FanCash
SPORTSLINEFAN26
Caesars
Bet $1, double your winnings on your next 10 wagers
SPORTSLINEDYW
Here is a brief description of the other sportsbook promos currently available to new users:
FanDuel Sportsbook promo
The current FanDuel promo offers new users up to $1,000 in bet reset tokens if they bet $5 for five days. For example, a $5 bet from a new user on Monday would garner them a bet reset token. That offer is available for the first five days of membership, allowing new users to gather up to $1,000 in potential refunded bets.
BetMGM Sportsbook promo
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.
Fanatics Sportsbook promo
The Fanatics Sportsbook promo gives new users the opportunity to earn up to $1,000 in FanCash via Bet Matches over their first 10 days with the sportsbook.
Caesars Sportsbook promo
New users who sign up with Caesars promo code SPORTSLINEDYW can place a $1+ first bet with minimum odds of -10,000 to receive 10 Profit Boost Tokens. Those tokens have a maximum bet amount of $25. There is also a maximum additional winnings of $2,500 per token. Tokens expire 14 days after receipt. If a wager is voided or is graded a push, Profit Boost Tokens are not reissued.
A review of the DraftKings user experience
DraftKings offers a brilliant user experience in every aspect of the betting process. I've outlined the experience below.
DraftKings app and website design
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.
Bet slip and the process of placing a bet
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.
Bet tracking and My Bets tab
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.
Cashout offers
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.
Social Integration
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.
DK Social Home
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:
Soccer
Basketball
Football
Tennis
Baseball
Hockey
Golf
Boxing
MMA
Cricket
The feeds include bets other DK users have placed, where you can click on an odds button to wager the same bet immediately yourself.
Betting Groups
Think of this section as DraftKings Sportsbook's version of sports betting Discord channels. It's broken down into two options:
Promoted Groups: very large groups run by media outlets
My Groups: every betting group you've joined in one place
My Friends
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.
Requests
Here you will find everybody who is currently waiting for you to respond to their friend request in the Social section of DraftKings Sportsbook.
Messaging
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.
User experience final thoughts
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.
Sports and betting markets available to bet on DraftKings
DraftKings has one of the largest selections of betting markets in the industry. Here's a glimpse at what's available:
Sport
Bet types
Aussie Rules
Money lines, point spreads, props, futures
Baseball
Money lines, point spreads, totals, props, futures
Basketball
Money lines, point spreads, totals, props, futures
Boxing
Winner bets, fight props, round props
Cricket
Money lines (2-way and 3-way), props, double chance, futures
Cycling
Futures
Darts
Money lines, point spreads, totals, props, checkouts, futures
Football
Money lines, point spreads, totals, game props, player props, futures
Golf
Outright, top 5, top 10, hole winner, props, futures
Money lines, point spreads, total rounds, props, winning method
Motorsports
Futures, props
Rugby League
Money lines (2-way or 3-way), point spreads, props, futures
Rugby Union
Money lines (2-way or 3-way), point spreads, total, props, futures
Snooker
Money lines, point spreads, totals, futures
Soccer
Money lines, point spreads, totals, props, futures
Surfing
Futures
Tennis
Money lines, total games, point spreads, sets, props
Volleyball
Money lines, set spreads, totals, props, futures
Quality of odds
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 banking methods
Deposit options
DraftKings Sportsbook offers a large variety of deposit methods.
Deposit method
Fees
Process time
Min. Deposit
Credit card (Visa, MasterCard, Discover, AmEx)
Cash advance fees may apply from your bank
Instant
$5
ACH/Online banking
No additional fee
Instant
$5
PayPal
No additional fee
Instant
$5
Venmo
No additional fee
Instant
$5
Apple Pay
No additional fee
Instant
$5
DraftKings Gift Card
No additional fee
Instant
$5
Wire Transfer
Bank fees may apply; no DraftKings fee
Instant
$100
PayNearMe
No additional fee
Up to 24 hours
$5
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.
Steps to deposit money into your DraftKings Sportsbook account
Log in to DraftKings Sportsbook
Click the "Deposit +" button in green letters at the top of the home screen
Allow DraftKings to verify your location
Choose your deposit method
Link any necessary online banking or eWallet account to deposit via that method
Insert the amount you wish to deposit
Slide the arrow button or click to complete the deposit
Withdrawal options
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:
Withdrawal method
Process time
Minimum withdrawal
ACH/Online Banking
Within 24 hours
$1
PayPal
Less than 2 hours
$1
Venmo
Less than 2 hours
$1
Apple Pay
Less than 2 hours
$1
Debit Card
Within 24 hours
$1
Check
Up to 7 business days
$15
Cash at Casino Cage
Instant
$1
Wire Transfer
Less than 2 hours
$20,000
Customer support
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.
DraftKings Sportsbook responsible gaming tools
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.
Resources
Explanations as to what identifies problem gambling and how players can seek help if necessary.
Check-ins & alerts
Players can view their statistics and get notified if they may be playing too frequently on the desktop site or mobile app.
Limits
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.
Breaks
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-MYRESET helpline, ensuring that players have help available at any time.
GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA).
DraftKings Sportsbook app reviews (as of August 5, 2026)
Apple App Store (iOS)
Google Play (Android)
Rating
4.8/5
4.8/5
Reviews
1.14 million
268k
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 review: Final verdict
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.
Honest feedback on how DraftKings Sportsbook can improve
More deposit bonuses for current customers. While these bonuses are not always available at all sportsbooks, FanDuel and BetMGM have offered more frequent and lucrative deposit matches. DraftKings usually offers a fraction of the deposit in bonus bets, whereas the other two sportsbooks have given 50-100% in bonus bets.
There are more frequent geolocation issues on desktop, which force users to interrupt their betting journey. Fixing those would allow a smoother betting experience.
DraftKings Sportsbook FAQ
Does DraftKings have a promo code?
No, DraftKings doesn't require a promo code for their welcome offer of spend $5+, get $150 in bonus bets.
Does DraftKings pay real money?
Yes, DraftKings pays out cash on eligible bets.
How long does a DraftKings first withdrawal take?
Withdrawals can take between a matter of minutes and a matter of days, depending on the withdrawal method chosen.
How do you use a promo code on DraftKings?
Enter a promo code during the registration process if one is available.
Where is DraftKings Sportsbook legal?
Currently, the sportsbook is legal in nearly 30 states. Check the DraftKings website for more details.
How old do you have to be to use DraftKings?
You must be at least 21 years old to use DraftKings Sportsbook in most states.
How do you refer a friend on DraftKings?
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.
How do you see total winnings on DraftKings Sportsbook?
Look for 'My Stat Sheet' under Account Settings, which will list your net betting performance for a selected period.
