DraftKings Promo Code for January 2026: Bet $5, Get $300 if Your Bet Wins

You do not need a DraftKings promo code to claim its main welcome offer. When I signed up, I claimed a 'Bet $5, Get $300 in Bonus Bets if Your Bet Wins' bonus and a $1,000 deposit match, for up to $1,300 in total value.

I’ll take you through why the DraftKings welcome bonus is one of the best sportsbook promos, and why you should be looking to claim it for NFL betting and more.

DraftKings promo code summary for January 2026

The DraftKings promo code gives you a chance to claim two bonus offers when you sign up. While the deposit bonus has stringent playthrough requirements, I found them both easy to claim compared to most top sports betting promos. I’ll walk you through the key details of each below, then explain my best steps for securing both offers.

Here is how I earned $300 in bonus bets by depositing and placing my first wager on the DraftKings Sportsbook betting app.

Bet $5, get $300 in bonus bets

The first DraftKings welcome bonus is a very straightforward ‘bet $5, get $300 in bonus bets, if you win’ betting promo. I found this to be easy to claim by following the steps below.

1. Register: Use one of the links on this page, and the offer will automatically apply to your account. No DraftKings promo code is needed.
2. Deposit: Simply deposit $5 or more via Visa Debit Cards, PayPal, Online Banking, Apple Pay, Venmo, or another popular payment method (I personally find PayPal the easiest). Credit Cards can be used for Fantasy Sports only.
3. Place your first bet: Make a bet of $5 or more on odds of -500 or longer. The bet must win for your bonus bets to be released, so take your time picking out a play.
4. Receive your bonus bets: If your bet settles as a winner, DraftKings will credit you with $300 in bonus bets, valid for seven days.

Overall, this is a great option for beginners and anyone new to the betting space. The start-up investment is low at just $5, and it requires one wager to unlock the oversized $300 bonus. The need for you to win your first bet is also mitigated somewhat by the fact that you can wager on a big favorite at odds as low as -500. 

✍️ SI Expert Tip: The initial wager can be made at odds of -500 or longer, so take your time and scout out a heavy favorite. You want to take as little risk as possible on that first bet.

DraftKings $1,000 deposit bonus details

DraftKings also offers a $1,000 deposit match at 20% as a secondary bonus alongside the $300 bet-and-get offer. As someone who places wagers across multiple sports and betting markets almost every day, I found this to be a valuable add-on. However, it includes some potentially confusing terms and conditions and a high play-through requirement, all of which I’ll walk you through first.

Here is how I claimed the DraftKings $1,000 deposit bonus.

1. Register: Use the links on this page.
2. Deposit: Deposit $10 or more to claim alongside the bonus bets promo. To get the full $1,000 match, you’ll need to deposit $5,000.
3. Clear the wagering requirement: The bonus is also released in $1 increments for every $25 wagered, and you’ll receive DraftKings Dollars (DK Dollars) for every amount you unlock instead of real money.

Note: If you deposit the full $5,000, you'll also need to wager through $25,000 at odds of -300 or longer, within 90 days, to release the full $1,000.

This is clearly a more appropriate bonus for experienced bettors who play high-volume or high-stakes. Still, the deposit match can add significant value to anyone’s DraftKings welcome experience, as the slow release will increase your profit over time, especially if you bet consistently.

GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit MA Gambling Helpline (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).Please Gamble Responsibly. 888-789-7777/visit CONNECTICUT COUNCIL – ON PROBLEM GAMBLING (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. 1 per new customer. Must register new account to receive reward Token. Must select Token BEFORE placing min. $5 bet to receive $300 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Token expires 2/1/26. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: Promos | DraftKings Sportsbook. Ends 1/25/26 at 11:59 PM ET. Sponsored by DK.

🎯 How to unlock the DraftKings $1,000 deposit bonus

To give you an idea of what it takes to clear the DraftKings deposit bonus, here is an approximation of how much I bet over my first week and where I stood, bonus-wise, afterwards.

My DraftKings deposit bonus experience: Deposited $2,000. Unlocked $400 deposit bonus (20% deposit bonus)

• Total amount wagered after seven days = $1350
• Total bonus unlocked after seven days = $54
• Total bonus remaining = $346
• Total days left to clear = 83

As you can see, I didn’t take the full deposit bonus, which would have required a $5,000 first deposit. Instead, I made a $2,000 first deposit, a figure I was comfortable with at the time, which netted me a $400 bonus to clear.

After my first week of betting, during which I wagered approximately $1350, I cleared $54 of the bonus, or approximately 13.5% of the bonus funds. Extrapolating my betting rate from the first week to future weeks would have seen me clear the bonus in under 8 weeks, well within the 90 days DraftKings allows for you to clear this bonus.

My advice on how to claim the $1,000 DraftKings deposit bonus

If you’re new to betting or play lower stakes, be realistic about how much you’ll be able to play in your first 90 days. For example, a $100 deposit will still get you $20 in bonus money, and you’ll only need to wager $500 total over 90 days to unlock the full $20. While you may feel a sense of failure for not maxing out the deposit bonus, remember that you need to wager a lot in 90 days to unlock it.

Depositing more to get a bigger bonus that you won’t be able to clear is pointless.

My DraftKings welcome bonus comparison

DraftKings bonus bets: What to know

DraftKings bonus bets are a nice perk, but they do come with some stipulations. The most important thing to understand is that the bonus bets you receive for the ‘bet $5, get $300 in bonus bets’ offer expire seven days after hitting your account. They're also distributed as $25 tokens, which cannot be used on wagers with odds shorter than -500. Bonus bets are also non-withdrawable (not cash), and you'll forfeit your stake when using them, win or lose.

🚧 Common DraftKings bonus bets pitfalls to avoid:

• Bonus bets are not real money — they are not withdrawable.
• When you wager using your bonus bets, you will receive your profit from the bet back in real currency, but you will lose your stake.
• Bonus bets always have an expiration date; your DraftKings welcome bonus bets will expire after seven days.

You can claim the DraftKings welcome bonus without a promo code, and signing up will only take you a matter of minutes.

I'll guide you through each step below, with screenshots to help you along the way.

1. Register

First, download the DraftKings Sportsbook app using the links on this page. Then register a new account. No promo code is required to take advantage of this bonus offer.

Provide all of the personal details needed to complete the verification process. This should be relatively straightforward. 

2. Deposit Funds

Before you deposit, try to settle on an amount that is optimal and will allow you to get the most out of both bonuses. It's an important step because your first deposit will allow you to activate the bet $5, get $300 bonus, but will also determine how much of the DraftKings 20% deposit match up to $1,000 you can claim. A $5,000 deposit is required to receive the full 20% deposit match up to $1,000.

If you are planning to deposit a larger amount, recheck the terms and be sure you'll be able to bet enough to clear most of the deposit bonus in the first 90 days. The deposit match is a great promo, but I also don't recommend committing more than you can afford.

Once you're settled, make your deposit to activate the welcome offers. You'll have your choice of popular deposit options like Apple Pay, Visa, Mastercard, and PayPal. All trustworthy choices. 

3. Place a bet 

Place your first cash bet of $5 or more, using minimum odds of -500. If your bet wins, you'll receive $300 in bonus bets — delivered as 12 separate $25 bonus bets.

A simple moneyline bet is a great option for your first wager, especially if you're into a specific sport like college football and have a favorite team. A bet with odds in the -450 to -500 range will have an implied probability in the 80-83% range, which will give you a great shot at winning that first bet and unlocking $300 in bonus bets. 

4. Clear your deposit bonus 

You've now made the deposit and your initial wager. If you won your initial bet, you also received your $300 in bonus bets.

If you claimed the deposit match bonus, you'll now want to continue wagering, and will have 90 days to clear the deposit bonus. Remember, only wagers made at -300 or longer over that period will count towards clearing it. 

💡 SI Expert Tip: As the deposit bonus conditions are onerous, new bettors will feel more comfortable if they make a practical-sized first deposit and focus on clearing the $300 bonus bets.

Since the concept of bonus bets will not be familiar to many new bettors, I’m going to walk you through some important tips on how to approach them. That way, you’ll be prepared to extract maximum value when you receive your $300 in bonus bets from the DraftKings betting app.

What are DraftKings bonus bets?

Bonus bets are site credits that DraftKings awards to users, who can then wager them in the DraftKings betting app. Bonus bets are most commonly awarded with DraftKings’ welcome bonus. Still, certain promos, like DraftKings ‘Early Exit’ or ‘NFL Playoffs Live Millions’, will also award bonus bets.

Important information about bonus bets

Bonus bets are not cash, so they will not be added to your cash balance and are non-withdrawable. However, when you wager with bonus bets and win, the profit will be awarded to you in cash. Just keep in mind that even if you win your bet, you will lose your stake. Bonus bets will also often come in specific denominations, such as $25, and must be used on bets with odds of -500 or longer.

Bonus bets vs. DraftKings Dollars

On top of bonus bets, DraftKings will also sometimes award bonuses in DraftKings Dollars (DK Dollars). For example, when you unlock the 20% Deposit Match, the bonus funds will be released in DK Dollars ($1 increments). DK Dollars are not cash, but they do differ from bonus bets in some significant ways. For example, when you bet using DK Dollars, you will receive back any profit and your stake in cash, making them more valuable than regular bonus bets.

Is my initial stake included in my winnings using bonus bets?

No, when you use bonus bets to make a wager, you will not receive the dollar value of your bonus bets back as part of any winnings. This is one of the more common misconceptions surrounding bonus bets, so let's look at an example of a hypothetical DraftKings bet made using bonus bets, and how it differs from one made using real money from your cash balance

Example one: A wager made using bonus bets

Using a $25 bonus bet token, you wager on the Kansas City Chiefs moneyline at odds of +100. The Chiefs win, and your bet cashes. As a result, you’ll receive $25 in profit back as cash in your real money balance.

However, you will not receive anything back for your $25 stake that was made in bonus bets.

Example two: A wager made using real money balance

Using $25 in cash from your real-money balance, you place the same wager on the Chiefs moneyline at +100. They win, and this time you receive your $25 wager back in cash, plus $25 in cash/profit back for winning your bet.

How to maximize your DraftKings bonus bets?

Since you don't get your initial wager back when using bonus bets, I like using them on bets that provide a larger payout, as bets with short odds don’t offer much return, even if you win.

For example, using bonus bets on a wager with short odds like -200 would yield just $12.50 profit. Even if we won eight out of 12 bets at these odds with our $25 bonus bet tokens, we’d end up with only $100 in actual cash.

In contrast, winning four out of 12 $25 wagers using bonus bets with average odds of +200 would yield a profit of $50 per win and result in $200 in cash profit. A stark improvement over the first example.

To help you get the most value from your bonus bets, I outlined a hypothetical betting plan with longer odds that you could use for your first eight $25 bonus bet tokens. 

This strategy gives us a shot at an outsized performance. If we happen to run hot and hit on six of our eight bets, we’ll have a shot at getting back well over $200 in cash. Additionally, hitting one of the two SGPs at +400 or +450 would put us up over $100 alone, which is equal to or better than the first scenario I mentioned above.

However you decide to distribute your bonus bets, ensure you have a solid betting plan before starting. Make sure to utilize some of the tips found in our review of the best prop betting sites and best parlay betting sites before you begin.   

The DraftKings promo code unlocks a strong bet-and-get bonus, making it an easy, low-cost way to explore everything DraftKings offers. It allows users to get a quick $300 in bonus bets into their account with a small upfront deposit of $5 or more. Just deposit $5 or more and place a $5 wager. Win, and you’ll get $300 in bonus bets. This low barrier makes it easy for everyone to participate.

Once you have your bonus bets, DraftKings also provides you with plenty of freedom on how to deploy them. You can use your bonus bets on same-game parlays and swing for the fences on some bets with long odds, or play it safe and deploy them across multiple moneylines, spreads, or player props. The choice is yours.

DraftKings also makes it easy to claim their welcome bonus, as no promo code is needed at registration. All you have to do is click through our unique links on this page, and the DraftKings promo code will be applied to your account automatically.

The main downside of the bet and get offer is that it does require a first bet win, which is a bit nerve-racking, even if you can bet a short favorite — first bets are restricted to -500 or longer.

However, the other part of this offer to consider is the terms around your bonus bets, which are somewhat constraining. The bonus bets come in $25 tokens, are non-withdrawable (not cash), and expire after seven days. Additionally, when you use your bonus bets, you won’t receive your initial stake back in cash, just the profit.

The stringent wagering requirements on the deposit match bonus are my least favorite part of the DraftKings bonus. The DraftKings deposit match provides solid value for higher-stakes bettors; however, I would still like to see DraftKings make it easier for new bettors to wager through the deposit match and unlock more of the bonus up front.

Once you’re set up with the DraftKings promo code, you can take advantage of their ongoing sports betting promos and offers to apply to your daily best bets. DraftKings does a good job in their app keeping you up to date with their numerous promotions, and provides some of the most consistent and robust betting boosts and sportsbook offers in the industry.

🎁 All DraftKings promo offers

⚡DraftKings NFL Playoffs Live Millions

DraftKings Live Millions is a promo for current users that the DraftKings Sportsbook is running through the 2026 NFL Playoffs. Live Millions allows you to bet live on NFL Playoff Sundays for a chance to share $2.5 million in prizes every week. 

Here is how you can take part in the DraftKings Live Millions promo:

1. Opt-in to the DraftKings Live Millions offer under promotions.
2. Add a live bet to your slip & your qualifying token is automatically applied.
3. Place a live bet to earn one sweepstakes entry.
4. After each entry, a new token instantly reloads - so customers can keep earning entries with every live bet.
5. At the end of each Sunday, prize winners will be randomly selected.

This is a great promotion for current users during the NFL playoffs, which start off with the following slate games:

Monday, Jan. 12, 2026

Pittsburgh Steelers vs. Houston Texans

✍️ SI Expert Tip: This is a great promo to try out on the DraftKings app and their live betting markets. If you're watching the game, I'd target the best player props and look to scoop up value on any big-name players who start slow. 

👻 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.

🏀 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.

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 SIBONUS250BM gives you a first bet match, up to $250. This is a simple way to add bonus funds to your account off the jump.

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.

Yes, DraftKings is legal, and the online sportsbook is now available in 26 states and Washington, DC. Its newest release came when Missouri sports betting went live in the Show-Me State in December of 2025.

I've found that DraftKings Sportsbook offers the same evergreen welcome bonus in most states, including the 20% deposit match up to $1,000, which is also available to new Missouri bettors. However, some regions will receive alternative new-user promos, and some will even receive limited-time special offers. If you ever see a new DraftKings promo pop up in your state, my advice is simple: use the links on this page and sign up sooner rather than later, as all offers come with expiry dates.  

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

The DraftKings Sportsbook app is an impressive piece of software. As a higher-volume bettor, I appreciate the numerous betting options available on the homepage, the menus that let me scroll between markets seamlessly, and how easy it is to complete banking transactions. Once you get used to where everything is located, it’s hard to imagine a more efficient betting app could actually exist.

The DraftKings app also offers a strong interactive entertainment experience, including live streaming of popular games, the DK Social feature, and a multitude of daily promotions. Given how many features there are, it's amazing how fluid and responsive the app is. I’ll take you through the highlights of the DraftKings app so you can get started and better use it to amplify your betting experience.

DraftKings app design

Despite its strong suits, first-time users may find the DraftKings Sportsbook app overwhelming. Right when you open the DraftKings app, you are bombarded with a homescreen filled with betting promos, pre-made same-game parlays (SGPs), and an interface that includes links to DraftKings Casino, DraftKings Social, DraftKings DFS, and even the DraftKings Shop. There are also numerous ways to access the most popular markets, such as the NFL, NBA, and others.

While the number of options on the homescreen can be overwhelming, once you have used DraftKings a few times, I promise that you’ll start to appreciate the layout. Swiping through betting promotions is easy, and they're presented clearly in nice banners so you can process them in an instant. For bettors, the app also does a great job of keeping the most popular games and live markets front and center, as they are the first thing you see when scrolling downward.

Here’s a full list of all the options you can access on the DraftKings homepage:

• DraftKings Products: Sportsbook, DK Social, DFS, DK Casino, Dynasty, Stats Hub.
• Search bar: To help find bets, teams, and players easily.
• Betting markets: A list of sports you can click on to find markets on your favorite sports and events.
• Promos: Banners you can flip through to view today's offers.
• DraftKings Sportsbook Referral: Refer-a-friend link to help you claim a
• Pre-built SGPs: Parlays made on-site that many people have already tailed (DraftKings will show you how many).
• Popular events: Links and visuals of the markets attached to the biggest ongoing or upcoming events.
• Bottom Menu: Home, Live betting, My Bets, Casino, Rewards.

Overall, the DraftKings app design is ambitious but well-executed. Beginners may go through an adjustment period, but once you understand all of the menus and functions, you’ll appreciate the app more and more every day.

DraftKings app speed and stability

The DraftKings app excels with its overall fluidity. Moving between markets is seamless, you can place bets instantly, live market updates happen in real time, and bets track live with minimal lag.

I like jumping in and out of markets on my betting app to place live bets when I’m watching a game, and the DraftKings app makes it easy to find player prop markets and watch updates in real time. It’s a great overall experience.

DraftKings app notifications and live tracking

When you place a bet, it will show up under ‘My Bets’, and from there you’ll be able to track the status of your bet as the event unfolds. For player props, I value that DraftKings tracks the specific yardage or points that I need for my bet to hit and updates the player’s progress in real time. Knowing the exact number of yards or receptions you need when tracking an NFL or NBA player prop is a great perk and keeps you well-informed about the status of your overall betting portfolio while multiple games are in progress.

DraftKings will also send you a notification when your bet settles, a feature that can be toggled on or off in settings.

DraftKings live betting

Live Betting is in the bottom menu and updates regularly, showing the number of live markets available. Once in the live betting section, you’ll get another top menu that allows you to pick the current sport and markets you want showing on your screen.

The DraftKings app also gives you a sub-menu of props and match bets you can make once you select a sport or league. I personally love the setup as it makes it easy to find the correct prop market, which is important when live betting, where odds update regularly as the match or game plays out. Many games are available to stream live, so you can watch and bet in the app simultaneously.

×

DraftKings app review summary

✅ What works

• Kitchen sink layout, with as many apps, promos, and entertainment options as possible, all available to peruse on the homescreen.
• The layout is intuitive, which makes for a short learning curve for newer bettors.
• Live streaming is seamless in most cases and allows you to follow the game on your phone or device as needed.
• Updates for in-play bets are quick, and notifications are easy to toggle on or off.
• Very clean layout, making it easy to navigate between markets and DraftKings products (DFS, Pick6, etc.).
• Fast interface that rarely lags.

⚠️ What doesn’t

• Support can be hard to find on the app. There is no support option on the homescreen.
• The homescreen can be overwhelming for new bettors.
• App pushes bettors toward pre-built parlays, which may not always be the most profitable bets.

Check out our full DraftKings Review to learn more about how we rate betting sites.

The DraftKings betting app has developed the trust of many sports bettors thanks to its high functionality and industry-leading features. Bettors looking for a great blend of available markets, competitive betting odds, speed, and reliability are rarely disappointed. 

It rates extremely high in the App Store and on Google Play among U.S. betting apps.

🍎 DraftKings iOS app: 4.8 out of 5 ⭐ (923K reviews)

🤖 DraftKings Android app: 4.7 out of 5 ⭐ (202K reviews)

• Users often cite DraftKings' instant payouts and withdrawals as one of the best features, with one recent review describing withdrawals as 'instantaneous'.
• Multiple reviews express satisfaction with the DraftKings promos and welcome bonus. The bet $5, get $300 promo is mentioned, but so are current promos featuring no-sweat bets in the NBA and MLB.
• Android reviews were a little more tepid, but there were multiple five-star reviews citing great bonuses again. However, those were offset somewhat by lower star reviews citing glitches or poor app performance.

I've only used the DraftKings iOS app, and all I can say is that I rarely, if ever, have problems. It's fast, responsive, and once you get used to all the features, it will provide you with loads of entertainment. 

I've used a variety of different methods to deposit and withdraw on DraftKings. Issues are rare, and most deposits and withdrawals are instant.

DraftKings supports several convenient banking options, including PayPal and debit cards. I personally love that I can connect DraftKings to my PayPal account and find it the easiest method to use. It lets me track withdrawals in my PayPal account and move any winnings to other merchants or to my own bank from there. 

Others on the SI team have also deposited using a debit card, and funds were in their account instantly. One note: Credit cards are not accepted for deposits.

Overall, DraftKings easily ranks as one of the fastest payout sportsbooks in the U.S.  

All of the banking options available at DraftKings are listed below.

💳 DraftKings payment methods 

  ✍️ Expert Tip: Once you get verified and set up with PayPal on DraftKings, your withdrawals and deposits will be as instantaneous as with any other method.    

ⓘ Customer support 

DraftKings customers can get in touch with support by filling out a simple online form, but the 24/7 live chatbot is often the best solution. DraftKings is good at fixing mistakes on its end, but its customer support lags behind the competition without a 'real person' live chat.

I have played around with the search function on the help desk, and it can help with simple queries. However, there will inevitably be a time when you want to speak with support staff. 

Here are some more options for how to get in touch with DraftKings support:  

💬 Live chatbot: Available 24/7

📩 Email: sportsbook@draftkings.com

📞 Phone: (855) 357-2377 

 𝕏  (Twitter): @DK_Assist

❓ DraftKings Help Center: Tap here

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.

🏆 Full list of major sports on DraftKings

The DraftKings app offers a deep menu of sports where you can use your DraftKings promo code, including these major North American leagues:

🏈 NFL 

🏀 NBA

⚾ MLB

⚫ NHL

⛹🏽 NCAA

👊 UFC

⛳ Golf

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. 

Missouri betting sites are now live, and you can now download the DraftKings MO 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 additional promos, including SGP boosts, World Cup futures boosts, NFL Playoffs Live Millions, King of the Court, and more.

The DraftKings Missouri welcome offer could change at any time, making now a great time to get active on DraftKings and take advantage of all the great MO promos ahead of the NFL playoffs. 

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.

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. The program is a solid way for the site to reward loyal customers, and for higher-volume bettors, it can significantly increase profitability over the long term.

When you play on the DraftKings app, 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 program is pretty simple: the more you bet, the more you earn, and the more perks you unlock. As someone who has been a long-time DraftKings user, back when it was just a daily fantasy sports (DFS) site, using Crowns for my DFS entries gives me access to multiple free contests on the DraftKings DFS site every year. I can choose to partake in a few smaller contests or save up for one big entry.

On top of the option to use Crowns on tickets for fantasy sports entries, DraftKings Dynasty rewards offers solid variability, as you can also buy site merchandise or cash in your rewards for bonus bets (for use on the DraftKings Sportsbook). 

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

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

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.

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.

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. Here’s a quick table to see how DraftKings compares to the other top US sportsbooks.

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.

×

DraftKings is serious about responsible gaming, and it shows in the number of Responsible Gambling tools available to users. They have a dedicated Responsible Gaming Center and recently unveiled a 'My Budget Builder' feature that allows bettors to set custom limits and set reminders to manage their spending across all of DraftKings’ betting and fantasy products. 

DraftKings also offers a variety of responsible gambling tools, including weekly deposit and betting limits, as well as a convenient self-exclusion option. As someone who has used a variety of online betting sites, I’m impressed with their commitment in this area and with how easy it is for users to access help if gambling becomes an issue.

Additionally, DraftKings provides educational gaming resources, along with links to Gamblers Anonymous, BetBlockers, and more.

If you or someone you know is grappling with problem gambling, do not hesitate to check out the following helpful resources:

• BetBlocker
• Gamblers Anonymous
• 1-800-GAMBLER

🚨 Bottom Line: If betting becomes a problem, use the tools—they're designed to help.

How do you enter promo codes on DraftKings?

You do not 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 is no DraftKings Sportsbook promo code. You can claim two welcome bonuses without entering a DraftKings promo code. The bonus will be activated by using the links on this site to sign up for a new account and by meeting the eligibility requirements. 

How do DraftKings bonus bets work?

Bonus bets are site credits DraftKings grants to users, which can then be wagered in the DraftKings app. Bonus bets are not cash. They will not appear in your cash balance and cannot be withdrawn. When you place a wager with bonus bets and win, only the profit is paid out in cash. Remember, you’ll lose the bonus bet stake itself even on winning wagers.

Can I withdraw my DraftKings bonus?

No. Your DraftKings bonus will be awarded in bonus bets, which are site credits and non-withdrawable. When you wager with bonus bets and win, the profit will be awarded to you in cash, which you can then withdraw. 

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

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

DraftKings will match your initial deposit by 20% up to $1,000. To receive the full bonus, you must make your first deposit worth $5,000 or more. Then, you will have 90 days to clear the bonus at a rate of $1 for every $25 you bet. To clear the full $1,000 bonus on a $5,000 deposit, you would need to wager through $25,000 in 90 days. 

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 began integrating its products across ESPN’s ecosystem in December 2025.