DraftKings Promo Code: Bet $5, Get $200 if Your Bet Wins

With the latest DraftKings promo code offer, you can score up to $200 in bonus bets instantly by placing a successful $5 wager on any sport you fancy.

Below, we’ll show you exactly how to claim this DraftKings sign-up bonus, maximize your bonus bets, and take advantage of other top sportsbook promos — all without a promo code.

DraftKings promo code summary for December 2025

DraftKings offers two welcome bonuses for new users, and you can claim both. Below, we’ve outlined the key details of each promo so you know exactly how they work and what to expect.

Bet $5, get $200 in bonus bets if you win

This DraftKings sportsbook promo code offer gives bettors $200 in bonus bets when they deposit and place a qualifying $5 wager, as long as their first bet wins. 

• You must be a new customer and at least 21 years old (18+ in DC, KY, WY) to claim this DraftKings new-user promo.
• A minimum $5 deposit and wager is required.
• Bonus bets are single use, non-withdrawable, and are valid for seven days.
• This offer expires Jan. 4, 2026.
• You must apply the bonus token to your wager to activate the offer.

Important terms and conditions:

GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit http://gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).Please Gamble Responsibly. 888-789-7777/visit http://ccpg.org (CT), or visit Home (MD).21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new customer. Must register new account to receive reward Token. Must select Token BEFORE placing min. $5 bet to receive $200 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Token expires 1/11/26. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: http://sportsbook.draftkings.com/promos. Ends 1/4/26 at 11:59 PM ET. Sponsored by DK.

$1,000 deposit match

In addition to the bonus bets, new DraftKings Sportsbook users can also unlock a 20% deposit match up to $1,000. This offer is best suited for high-volume bettors, as you need to wager $25K to unlock the full bonus.

• A $5,000 deposit is required to claim the full $1,000 in bonus bets.
• DraftKings releases $1 in bonus funds for every $25 wagered on bets with odds of -300 or longer.
• You must wager $25K within 90 days to unlock the full bonus.
• This offer can be claimed alongside the bonus bets promo.

Here’s a look at how the DraftKings sign-up bonus stacks up against some other top betting sites in the industry. 

The FanDuel sign-up bonus and the bet365 bonus code closely mirror the DraftKings sign-up bonus. All three are 'bet and get' promotions, and both give you seven days to use your bonus bets. The key difference? FanDuel and DraftKings require your first bet to win to unlock the bonus, whereas bet365 pays it out instantly, regardless of the outcome.

Other sportsbooks take a different approach. The Caesars promo code SICZR20X gives you 20 profit boost tokens after a $1 wager, offering extra upside on your first few bets instead of bonus credits.

If you're more focused on bet protection than upfront bonuses, both the Fanatics bonus code and the BetMGM promo code offer 'second chance' promos. BetMGM refunds up to $1,500 in bonus bets if your first wager loses, while Fanatics gives you up to $2,000 back in FanCash when placing a qualifying wager. FanCash can be used for bonus bets or sports merchandise on the Fanatics website.

DraftKings bonus bets are promotional site credits awarded through welcome offers and ongoing promos. They aren't withdrawable themselves, but any profit from a winning wager made with bonus bets goes straight into your cash balance.

Let’s say you have $200 in bonus bets and put $50 of it on a +200 bet. If it hits, you’ll earn $100 in real, withdrawable winnings; the $50 stake is used but not returned.

We recommend using bonus bets on outcomes with longer odds that you're confident in, such as player props or alternate spreads. Since you won’t get the stake back, this approach gives you the best shot at maximizing your return.

What are DK Dollars?

DK Dollars are promotional site credits that work a bit differently from bonus bets. They’re more flexible, since you can use them across the DraftKings Sportsbook, Casino, and Daily Fantasy platforms.

If you have DK Dollars in your account, they’re automatically used before cash when placing a wager or entering a contest. They come with a 1x playthrough requirement, but once that’s met, both your stake and any winnings are paid out in cash.

💡 Just keep in mind: DK Dollars can’t be withdrawn, transferred, or refunded until after they’ve been used.

While DraftKings customers often search for coupon codes, the sportsbook makes promos easy to access without needing to enter anything manually.

For welcome bonuses, offers are automatically applied when you sign up using one of our verified links. Other promotions for existing users, like odds boosts, are also automatically available when accessed directly through the DraftKings Sportsbook app or website.

Yes, DraftKings is legal, and the online sportsbook is available in 25 states and Washington, DC. While DraftKings Sportsbook offers the same evergreen welcome bonus in most states, some regions receive alternative new-user promos.

Here’s a complete list of DraftKings Sportsbook states and what sign-up bonus is available.

Missouri betting sites are now live, and you can now download the DraftKings app. Downloading today lets you explore the interface, browse betting markets, and get familiar with the Missouri sportsbook promos.

Now that sports betting is legal in Missouri, you can register and claim the DraftKings Missouri promo code offer with just a few simple steps:  

1. Use the links on this page to sign up and register.
2. Make a first-time deposit of $5 or more
3. Place your first $5 bet. Win or lose, DraftKings will award you an additional $300 in bonus bets.

This gives new Missouri DraftKings users a chance to make some profit in a hurry with $300 in bonus bets, no matter the outcome of their initial wager. 

Download the DraftKings Missouri App

DraftKings MO promo code for current users

In addition to this easy-to-claim welcome bonus, DraftKings is also giving its current Missouri bettors some love with an additional promo attached to the Chiefs vs. Texans game on Dec. 7, 2025. This DraftKings "No Brainer Bet" gives all users boosted odds of +100 (even money) that the Kansas City Chiefs will gain at least 1+ yard on Sunday Night Football.

This is some great added value users get just for being active on DraftKings during the first week of legal betting in Missouri. 

Missouri bettors can also check out the FanDuel Missouri promo, the Caesars Sportsbook Missouri promo code, the Fanatics Sportsbook Missouri promo, and the BetMGM Missouri sign-up bonus to see the latest new-user offers.

You do not need a DraftKings Sportsbook promo code to claim the sportsbook's welcome offer, and signing up takes a matter of minutes. Here are the quick and effortless steps required to claim the latest DraftKings sign-up bonus:

1. Register 

Use one of the links on this page to register with DraftKings. Enter the required personal information and confirm your identity. 

2. Deposit funds 

Make an initial deposit of at least $5 to activate the welcome offer. You'll have your choice of popular deposit options like Apple Pay, Visa, Mastercard, and PayPal.

3. Place a bet 

Make your first wager of at least $5, and you'll receive $200 in bonus bets. You will also get to keep any winnings should your bet hit. Remember: You'll have seven days to use your bonus funds.

4. Withdraw winnings 

Once you complete the bonus’ 1x wagering requirement, you’ll be able to withdraw your winnings. Notably, DraftKings does not include the $25 bonuses with winnings. For example, if you use a $25 bonus bet on a market with +100 odds and win, you'll receive $25 in withdrawable cash.

There are numerous DraftKings promos and bonuses available throughout the year, allowing you to make the best bets today. Here are some of the best DraftKings Sportsbook offers available now for existing users, including those in North Carolina, where a DraftKings NC promo code is not required.

All DraftKings promo offers

👑 DraftKings King of the Court

DraftKings is celebrating the NBA season with one of its biggest basketball promos yet — King of the Court, a season-long competition. After opting in, players receive a single-use token they can apply to a qualifying pregame NBA player prop bet to win a share of the prize pool.

If your chosen player finishes as the day’s leader in combined points, rebounds, and assists, you’ll earn an equal share of $1 million in bonus bets. It’s an engaging way to add more excitement to nightly NBA action and reward accurate predictions.

Here are the key details:

• You must opt in and apply their token before placing a qualifying bet.
• The token is valid only for pregame NBA player prop bets of $5 or more with odds of -200 or longer.
• Tokens expire at the start of the final NBA game each day.
• Bonus Bets for winners expire seven days after being issued.

👻 What is the DraftKings Ghost Leg promo?

The DraftKings Ghost Leg promo is a special parlay feature that gives NFL bettors extra insurance. If you build a qualifying parlay, same game parlay, or same game parlay extra and only one leg falls short, DraftKings will void that miss and pay out the remaining legs as if it were never part of the bet.

Since this promo has already appeared for multiple weeks with slightly different formats, it may recur later in the season. This page will be updated with the latest details whenever DraftKings makes the Ghost Leg Token available again.

➡️ DraftKings Early Exit

Among DraftKings’ ongoing benefits, the Early Exit feature offers bettors a safety net when a player exits a game early due to injury and doesn’t return. On qualifying single bets, you’ll receive your original stake back in cash credits.

For parlays and same-game parlays, the leg impacted by the player’s early exit is removed, and your overall odds are adjusted to reflect the remaining selections. If those remaining bets win, you get paid according to the recalculated odds. This helps you stay protected when injuries change the game and your bet, unexpectedly, making DraftKings a top option if you're looking for parlay betting sites.

The DraftKings Dynasty Rewards program is a tiered loyalty system that rewards users for placing real-money bets on sports, casino, and daily fantasy contests. You’ll earn two types of rewards:

• Crowns: Redeemable in the DraftKings Marketplace for bonus bets, site credits, merchandise, and entries.
• Tier Credits: Used to unlock higher reward tiers and gain access to better perks.

The more you bet, the more you earn, and the more perks you unlock. Here's a full breakdown of the Dynasty Rewards tiers and benefits:

How to earn Tier Credits and Crowns

Not sure how Dynasty Rewards points are calculated? Here’s a quick look at how you earn Tier Credits (used to move up tiers) and Crowns (redeemable for rewards) based on your activity across DraftKings platforms:

📲 DraftKings Sportsbook

• Straight bets: 1 Tier Credit per $10 wagered
• Parlays & Same Game Parlays (SGPs): 1 Tier Credit per $5 wagered

🎰 DraftKings Online Casino

• Slots: 1 Tier Credit per $10 wagered (some high-value slots may require $25 per credit)
• Table games: 1 Tier Credit per $40 wagered (select titles only require $25)
• Keno & virtual sports: 1 Tier Credit per $10 wagered

🏆 DraftKings Daily Fantasy Sports

• DFS contests: 1 Tier Credit for every $5 in entry fees across classic, showdown, or pick’em slates

💸 DraftKings Marketplace

• NFT drops: 1 Tier Credit per $2.50 spent on DraftKings-supplied NFTs
• Marketplace purchases: 1 Tier Credit per $10 spent on eligible items

DraftKings is a true OG in the North American online sportsbook space and one of the most trusted names in the industry. We dig the overall usability, slick app, wide range of betting markets, specifically props, and frequent odds boosts and promos.

Read our full DraftKings review for a complete breakdown of the operator and to learn how we rate and review online sportsbooks.

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🔎 DraftKings pros and cons 

📝 User reviews 

DraftKings largely has friendly user reviews from the App Store and Google Play. Bettors have responded positively to the massive player props selection, secure banking options, and the social component, like 'pools' contests. DK is consistently reviewed as one of the best sports betting apps around.

Some of the drawbacks noted by the users include account restrictions due to profitability, wagering requirement on bonuses, and occasional withdrawal delays.

App Store: 4.8/5 ⭐ (840.9K reviews)

Google Play: 4.3/5 ⭐ (171.6K reviews)

💳 DraftKings payment methods 

DraftKings supports several convenient banking options, including PayPal and debit cards. We deposited using a debit card, and our funds were in our account instantly. Credit cards, however, are not accepted for deposits.

When it was time to make a withdrawal, we used the same method. Although DraftKings notes that debit card payouts can take up to one business day, we were pleased to see our winnings arrive in just three hours. DraftKings is easily one of the fastest payout sportsbooks in the U.S.

ⓘ Customer support 

DraftKings customers can get in touch with support by filling out a simple online form, but we found that using the 24/7 live chatbot feature was the best solution. Still, DK's customer support is lagging behind the competition without a 'real person' live chat.

We also played around with the search function on the help desk, and it was able to solve most of our queries. However, there will inevitably be a time when you want to speak with support staff. 

Here are some more options:  

💬 Live chatbot: Available 24/7

📩 Email: sportsbook@draftkings.com

📞 Phone: (855) 357-2377 

 𝕏  (Twitter): @DK_Assist

❓ DraftKings Help Center: Tap here

💵 Types of sports bets 

Whether you're browsing New York sports betting apps, NC sports betting apps, or anything in between, DraftKings stands out for its deep market coverage. From props and parlays to teasers, totals, and live betting, there’s no shortage of action. Here’s just a glimpse of what you’ll find on the DK app:

Moneyline 

A moneyline bet is when you simply pick a winner or loser. There is no point spread involved. The favorite will be denoted with a negative symbol (-150), and the underdog will have a positive sign (+150). 

Example:

• Buffalo Bills –285 vs. Tennessee Titans +275

Point spread

A point spread is a way that the sportsbooks 'even the playing field' by assigning one team as the favorite and one as the underdog. The odds will typically both be set at -110. This is a popular type of bet for those wanting to use NFL betting sites and college football betting sites.

Example:

• Los Angeles Rams +2.5 (-110) at Chicago Bears -2.5 (-110)

Over/Under (totals)

An Over/Under bet is when you pick higher or lower than the total points that a sportsbook has designated to a contest or prop.

Example:

• Minnesota Vikings vs. Green Bay Packers: Over 47.5 (-110), Under 47.5 (-110)

Props

Prop bets are a sort of 'game within a game.' You can wager on hundreds of markets where the outcomes are independent of the final score of a game. This can include NFL props like touchdowns, receptions, and rushing yards, to name a few. You'll find plenty of markets for all of the major sports, as DraftKings is one of the best prop betting sites.

Example:

• Paul Skenes strikeouts: Over 10.5 (-110), Under 10.5 (-110)

Futures

A futures bet is when you wager on an outcome that will be determined later. Some of the most popular futures bets include which team will win the division, conference, or title, like the NBA Championship. There are also loads of player markets like touchdown leader, home run king, MVP, and much more.

Example:

• Washington Commanders to win the Super Bowl: +1700

Live bets

Live betting has hit the mainstream and has become one of the most popular ways to gamble, especially at the best NBA betting sites. DraftKings has a massive selection of live-betting options that allow you to kick back on the couch with your phone and bet on the game from start to finish.

➕ Odds pricing 

Powered by SBTech, DraftKings' in-house odds are what we'd consider 'competitive' when compared to other online sportsbooks in the U.S. Sometimes, you'll find the best odds for your desired market; other times, a bit of line shopping will uncover a more favorable price.

DraftKings truly shines when it comes to daily odds boosts, which you’ll find for most of the major sports, including NFL, NBA, and MLB. However, like most sportsbooks, DraftKings sets maximum bet limits for its odds boosts, limiting the amount you can win from each boosted wager.

🏆 Sports available 

You’ll spot all the usual suspects when you’re scrolling around on the DraftKings app, including major markets like: 

🏈 NFL 

🏀 NBA

⚾ MLB

⚫ NHL

⛹🏽 NCAA

👊 UFC

But DraftKings takes things to the next level by incorporating sports betting odds for snooker, darts, and other off-the-beaten-path options. You can also bet on international sports like Turkish and Brazilian basketball or Gaelic football and hurling.

🚨 Bet limits 

As with most sportsbooks, DraftKings reserves the right to limit the maximum bets of users. According to the DK betting rules page, the net payout (after the wager has been deducted) cannot exceed $500K. Notably, DraftKings can adjust bet limits at any time. 

New casino players can unlock 500 bonus spins and up to $1,000 back in Casino Credits during their first 24 hours on the platform. No DraftKings Casino promo code is required; just register and deposit to get started.

Remember these key DraftKings Casino terms and conditions:

• This offer is available in Michigan, New Jersey, Pennsylvania, and West Virginia
• A minimum deposit of $5 is required
• You must wager $5 or more to receive 500 bonus spins
• Receive Casino Credits based on net losses during the first 24 hours (minimum $5 loss required)
• Casino Credits carry a 1x wagering requirement
• All bonus funds and spins expire seven days after being issued

DraftKings goes beyond its sportsbook welcome bonus with promos across its Daily Fantasy and Horse Racing platforms. Here’s a closer look at how you can claim additional DraftKings offers:

DraftKings Daily Fantasy – Deposit $5 for your share of millions in prizes

DraftKings Daily Fantasy Sports (DFS) lets you build lineups, enter contests, and compete for real prizes across dozens of sports — including football, basketball, golf, MMA, and even esports.

From Nov. 18, 2025, through Nov. 27, 2025, new users will receive a $5 ticket instead of the standard $3 ticket when they deposit $5 or more on DraftKings. Plus, all customers can also join the action and play in the site-wide DraftKings Thanksgiving promotion — Play for $1 Million No Stress – Win on Thanksgiving or Get 100% of your Entry Back — running from Nov. 24, 2025 through Nov. 27, 2025.

No DraftKings Daily Fantasy promo code is needed.

Keep in mind these key terms and conditions:

• This offer is available to first-time DraftKings DFS players
• You must deposit at least $5 to qualify
• You will receive one $5 contest ticket
• The ticket expires 1 year after issuance
• The ticket is valid for any featured DraftKings DFS contest
• All users can enter Play for $1 Million No Stress – Win on Thanksgiving or Get 100% of your Entry Back, running from Nov. 24, 2025 to Nov. 27, 2025
• New users who register after Nov. 27, 2025 will not be eligible for this promotion

DraftKings DFS also features a wide range of contest formats, including head-to-head matchups, 50/50s, and tournaments. Each entry you submit earns Crowns toward the Dynasty Rewards program, giving you access to exclusive perks as you play.

DK Horse – 100% deposit match up to $250

DK Horse is DraftKings' standalone racebook built for betting the ponies. New users can score a 100% match on their first deposit, up to $250 in bonus bets. No DK Horse promo code is required.

Here are the key terms and conditions:

• This offer is available to new DK Horse customers
• A minimum $25 deposit is required to qualify
• Bonus funds are issued within 72 hours
• Must wager bonus funds 2x before they become eligible for withdrawal
• DK Horse is currently live in CA, CO, FL, IL, IN, IA, KY, LA, MD, MA, MN, MT, NY, OH, OR, PA, VA, WA, WV, and WY

All major sportsbooks bring something unique to the table, but each tends to lead in specific areas. DraftKings stands out for its daily promos, offering bettors more variety and frequency than the competition.

While DraftKings is our choice for daily promos and contests, offering frequent bonus opportunities and great DFS contests, Caesars stands out for its loyalty program, providing industry-leading perks and rewards. BetMGM leads the way with its referral program, making it easy for players to earn additional value. And, FanDuel delivers one of the most consistently strong welcome offers in the market, making it a perfect option for new bettors.

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DraftKings is serious about responsible gaming. It demonstrated this recently by unveiling its new DK Safer Play feature that enables sports bettors to closely track their betting patterns to see how much time and money they’re spending while gambling on sports. 

DraftKings also offers a variety of other responsible gambling tools, such as weekly deposit and betting limits, along with a conveniently located self-exclusion option. Additionally, DraftKings provides an entire page filled with responsible gaming resources, like links to Gamblers Anonymous, BetBlockers, and more. 

How do you enter promo codes on DraftKings?

You don’t have to enter a promo code for DraftKings welcome bonuses. Simply click a link on this page to visit the DraftKings website and register for a new account to claim either of the welcome bonuses.

What is the DraftKings promo code?

There isn’t currently a DraftKings Sportsbook promo code that you’ll need to use to claim the two welcome bonuses. The bonus will be activated by signing up for a new account and meeting the eligibility requirements. 

Where is my DraftKings referral code?

You can find your DraftKings referral code by clicking on the 'Promotions' tab on the DK website or in the app. Look for the DraftKings refer a friend section, which contains your unique code and sharing options.

Where is DraftKings legal?

DraftKings is legal in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, Wyoming, and Washington, DC. 

How do you get the $1,000 bonus at DraftKings?

On top of the bonus bets, DraftKings will match your initial deposit by 20% up to $1,000. To receive the full bonus, you must deposit $5,000.

Is DraftKings partnered with ESPN?

Yes. On Nov. 6, 2025 the two companies announced an agreement, naming DraftKings the exclusive Official Sportsbook and Odds Provider of ESPN. DraftKings products will integrate across ESPN’s ecosystem beginning in December of 2025.