DraftKings promo code: Get $250 Instantly

Reviewed by:

Christopher Feery

Last Updated:

October 15, 2024

4.8/5

⭐⭐⭐⭐⭐

Rating: 4.5 out of 5.

✅ Exclusive $50 bonus bet with first deposit

---

✅ Bet $5, Get $200 in bonus bets

---

✅ 20% deposit match up to $1,000

---

✅ Expires: December 3, 2024

---

The newest DraftKings promo code is now available. With it, you can get $250 in bonus bets instantly. After signing up (no DraftKings promo code required), you must deposit at least $5, which will get you a $50 bonus bet. Next, place a $5 cash bet and instantly get $200 in bonus bets. Additionally, you still qualify for the $1,000 deposit match bonus.

Now is a great time to sign up with DraftKings Sportsbook as the NFL and college football are up and running, the MLB League Championship Series are in full swing, the WNBA Finals are going strong and the NHL season is underway. Plus, the NBA regular sseason will be back very soon. DraftKings offers specials, bonuses and promos for all users.

Sign up with DraftKings today and get $250 in bonus bets instantly when you deposit $5+ and place your first bet for $5 in cash. This offer is $50 more than you’ll find anywhere else. On top of those $250 in bonus bets, you also will get your first deposit match 20% for up to $1,000.

DraftKings promo code for max welcome offer

The DraftKings Sportsbook welcome bonus does not require a promo code to claim. You just need to sign up for a new account, deposit at least $5 and place your first bet for $5. Do that and you’ll have $250 in bonus bets added to your account.

Plus, your initial deposit qualifies for the 20% match for up to $1,000.

DraftKings promo code terms and conditions

You do not need a DraftKings promo code to claim the $1,250 welcome bonus, but there are a few things you need to know about the sign-up offer. Here are the latest DraftKings Sportsbook terms and conditions:

• Offer valid through December 3, 2024 at 11:59 p.m. ET
• 20% deposit match bonus comes with a 25x playthrough requirement. And you have 90 days to unlock all available bonus cash. Any bonus cash not released during the 90-day window will be forfeited.
• $50 bonus bet awarded after making your first bet for $5 or more.
• $200 in bonus bets awarded after placing your first cash bet for $5 or more. You get the $200 in bonus bets regardless of the outcome of your qualifying bet. Those bonus bets come as eight $25 bonus bets.
• All DraftKings bonus bets expire seven days after being issued. The value of the bonus bet is not returned to you if your bet with it wins. Only the winnings come back.
• The $1,000 deposit match offer is not available in Massachusetts.

LSR Tip: The DraftKings deposit match bonus comes with a 25x playthrough requirement. That requirement means you get $1 in bonus cash for every $25 played on any DraftKings product. This means you can release your bonus funds by betting at DraftKings Sportsbook, entering DFS contests at DraftKings Fantasy, or wagering at DraftKings Casino.

How to claim the DraftKings promo code sign-up bonus

Claiming the DraftKings Sportsbook promo code offer is a cinch. That’s because you don’t even need a DraftKings promo code to be eligible. All that’s required is you being at least 21 years of age and being in a state where DraftKings Sportsbook is legal. As long as you meet those requirements, follow these steps to claim the DraftKings Sportsbook promo code sign-up offer in October 2024.

1. Register here for a new DraftKings account.
2. Entered the required information (name, date of birth, last four digits of your Social Security number, email, phone number).
3. Make your first deposit for at least $5, this unlocks the $50 bonus bet. But if you want to take advantage of the first deposit match offer you’ll want to deposit as much as you’re comfortable with. A $5,000 deposit is required to unlock the full $1,000 deposit match offer at DraftKings.
4. Make your first cash bet for $5+. Doing this gets you $200 in bonus bets, these come as eight $25 bonus bets, and you get them regardless of the outcome of your qualifying bet.

That is all that is needed to claim the DraftKings promo code sign-up offer in 2024. Remember, this offer expires on December 3, 2024.

DraftKings promotions for existing users

On top of the $1,250 welcome bonus, DraftKings offers daily promos for all users. Here are the DraftKings specials available on October 16, 2024.

• Guardians-Yankees 25% SGP Profit Boost | All DraftKings Sportsbook users can claim a 25% profit boost token to use on the New York Yankees-Cleveland Guardians ALCS game on Tuesday. To qualify for the 25% profit boost, your Yankees-Guardians same-game parlay must have three legs and minimum final odds of +400.
• NHL Stepped-Up Parlay | Get up to a 105% profit boost on your NHL parlay, same-game parlay to SGPx on Tuesday at DraftKings Sportsbook. The more legs in your parlay, the bigger the boost. A four-leg parlay gets boosted by 20%, while it takes 11 legs to get the 105% boost. Each leg must have odds of -500 or longer to qualify.
• NFL TNF 20% SGP Profit Boost | Claim a 20% profit boost token to use on this Thursday’s NFL game between the Denver Broncos and New Orleans Saints. To qualify for the boost your Broncos-Saints SGP must have four legs or more and minimum final odds of +400.
• NBA Averages Parlay Profit Boost | Get a 25% profit boost token to use on an NBA player averages parlay this week at DraftKings Sportsbook. To use the 25% profit boost token your parlay must have three legs or more.
• NBA League Pass on DraftKings | DraftKings users who are in Gold Dynasty Tier or higher can get a code to receive NBA League Pass for free this season. If you’re eligible, simply click on the Opt In button via the DraftKings Sportsbook promos page and your code will be sent to your email.

Compare bonus offers from top sportsbooks

DraftKings is one of a handful of online sportsbooks rolling out a welcome bonus for new players this month. With so many to choose from, comparing them has never been more important. Here’s a breakdown of how the top 5 bonuses stack up in October. Based on the data below, we found DraftKings to have the best sportsbook bonus for new bettors with smaller budgets.

Eligibility and requirements for promotional offers

DraftKings welcome bonuses are available to new players who are 21 or older and physically located in states where DraftKings is licensed to operate. DraftKings is currently operational in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, Washington DC, West Virginia, and Wyoming. Note that the legal age to sign up is 18 in Kentucky, New Hampshire and Wyoming.

We found that some bonuses were limited or altered in particular states, and we recommend that you read the terms and conditions before you opt-in.

How bonus bets work

Any bonus bets you receive at DraftKings are under the “My Rewards” tab. Here are the most important considerations you need to consider with bonus bets.

• Unless otherwise stated, DraftKings Sportsbook bonus bets will expire seven days (168 hours) after being issued to your account. If you let them expire, they will be rendered void and cannot be used for any purpose.
• If you want to use a bonus bet, locate it and select “Apply Reward” before you lock in your wager. Don’t enter a dollar amount into the wager directly, as this will default to a real money wager.
• Bonus bets cannot be divided into multiple wagers, combined with other bonus bets or other DraftKings offers, or withdrawn from the DraftKings app.
• When you place a winning bet using bonus bets, the bonus bet amount won’t be paid back to you. However, the profit from the bet will become available for withdrawal or future wagers in your DraftKings cashier balance.
• If your bonus bet is voided, it will reappear in your “My Rewards” tab. If your bonus bet results in a push, it is considered to have been used and will not reappear in your “My Rewards” tab.

DraftKings restrictions on promos

Each of the DraftKings welcome bonuses comes with limits and restrictions. The best available offer is the get $250 in bonus bets instantly welcome bonus ($50 comes after making your initial deposit and $200 comes after placing your first $5 bet). Here’s what you need to know about each of the bonuses.

DraftKings Sportsbook review

Throughout all of our online sportsbook testing, DraftKings consistently comes out as one of, if not the very best online sportsbook. That’s because DraftKings offers great promotions, quality odds, a stellar rewards program, plenty of banking options and a solid customer service department. Here’s a breakdown of all that DraftKings online sportsbook has to offer:

• DraftKings mobile app | The DraftKings Sportsbook mobile app is available for iOS and Android. You can download the iOS app from the App Store where it currently has a rating of 4.8/5 with over 711,000 reviews. It’s rated No. 9 overall in the Sports category and requires 301.5 MB of storage. You can download the DraftKings Android app from the Google Play Store where it currently has a rating of 4.6/5 with over one million downloads  and ranks No. 4 in the Free Sports category.
• Betting Options | DraftKings Sportsbook has you covered with all the types of bets you could want. DraftKings has offered your typical sports wagers (moneyline, spreads, over/unders) since the beginning. In 2024 though, you’ll find a plethora of other wagering opportunities. You can select from pre-build same-game parlays to save time or you can create your own. You also can place SGPx wagers which allows you to combine same-game parlays with other same-game parlays or just single wagers from other games. At DraftKings Sportsbook, you will find tons and tons of player, team and game prop bets as well.
• Betting Odds | Overall the odds at DraftKings Sportsbook are in light with other top sportsbooks like FanDuel, Caesars and BetMGM. We have found some player prop betting odds to be slightly higher at DraftKings, especially when compared to Bet365. But this is a pretty minor quibble and not one we consider to be a major shortcoming.
• Live Betting | One of the biggest improvements we’ve seen in online sports betting in the past few years is live betting. Both in the options you have and the speed at which you can place bets. There’s nothing worse than trying to place a live bet only to have the app lock up and prevent you from placing it before the odds change. At DraftKings this is becoming less and less of an issue. You’ll also find more and more live betting options for the top US and international leagues.
• DraftKings Customer Support | While we have had a few issues with customer support taking longer than we would like to answer our questions at DraftKings, even those issues where handled within 30-45 minutes. Most of the time our issues were resolved in under 15 minutes. You can talk to a DraftKings customer service representative in a number of ways: live chat (available around the clock), email ([email protected]), phone (leave a message at (855) 357-2377 or via X (former Twitter) @DK_Assist.
• DraftKings Rewards Club | One area where DraftKings really stands out from the crowd is in its rewards program, Dynasty Rewards. You earn DK Crowns and DK Tier Credits for every bet you place, every DFS contest you enter and ever DK Casino dollar you wager. As you might expect, the more credits the higher you’ll rank and the better the rewards become.  There are five DraftKings Dyntasy Rewards tiers, they are Bronze, Silver, Gold, Diamond and Onyx.

DraftKings Sportsbook photo gallery

DraftKings Sportsbook strengths and weaknesses

DraftKings consistently ranks as one of our top sportsbook options, but there are always areas where sportsbooks can improve. Here’s a quick look at the overall strengths and weaknesses at DraftKings. The app is rated as one of the best, but the deposit bonus is on the low end.

Banking options at DraftKings Sportsbook

DraftKings offers enough methods for depositing and withdrawing funds that we’re confident there’s a method that works for you. Here’s a look at your choices.

Where is DraftKings legal?

DraftKings Sportsbook is now legal in 25 US states plus Washington, DC. The states where it is legal include: 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.

DraftKings Casino promo

The DraftKings Casino bonus for new players is worth up to $85 in casino credits. Sign up and deposit $5, and you’ll be instantly rewarded with $35 in casino credit. Then, when you wager $5, you’ll receive another $50 in casino credit. Below are the terms and conditions:

• This bonus is available for new players only. If you received one of the other promotions on this page, you cannot claim this offer
• DraftKings Casino and bonus are exclusively available in MI, NJ, PA, and WV
• Casino credits have a 1x playthrough requirement attached
• Casino credits expire after seven days
• ​​Casino credits can be used toward any game found within the casino app, with the exception of live dealer games
• You don’t need a DraftKings casino promo code to activate the offer, but you will need to be a new customer

DraftKings DFS promo

The current bonus offer at DraftKings DFS gets you one $5 entry into the Fantasy Football Millionaire contest. All you have to do to claim both rewards is sign up with DraftKings DFS and deposit $5. Here are the terms and conditions:

• This promotion is for new players only.
• Minimum $5 deposit to qualify.
• No DraftKings DFS promo code is required.

DK Horse promo

A DK Horse bonus is currently available for new users if you’re looking to bet on horse racing at DraftKings. The bonus comes in the form of a 100% deposit match up to $250. We advise players to read the terms and conditions below for more information on how to sign up and claim the bonus with DK Horse:

• New users only
• The DraftKings promo code is optional, but opt-in is required
• Minimum $25 deposit to qualify
• Total bonus is equal to 100% of your first deposit up to $250
• Bonus funds have a 2x playthrough requirement and are released in $25 batches (e.g., if you deposited $100 and then wagered $50, you would release $25 in bonus funds)
• You have seven days (168) hours following opt-in to make wagers that count toward the playthrough requirement
• Bonus valid through end of October 2024

Important to note: Only one promo is available for each new user at DK Horse. That means that the 100% deposit match will apply only to your first deposit. Make sure you take full advantage the first time you add funds to your new DK Horse account.

DraftKings Promo Code FAQs

How does the DraftKings welcome bonus work?

Our exclusive DraftKings welcome bonus gives you $250 in bonus bets instantly when you deposit and place your first cash bet for $5. You get a $50 bonus bet after making a minimum deposit ($5+), then you get $200 in bonus bets when you bet $5+ in cash. The $200 comes as eight $25 bonus bets.

What is the DraftKings promo code?

There is no promo code needed to claim the bonus at DraftKings. Sign up using one of the exclusive bonus code links on this page, and you’ll qualify for the bonus automatically.

How do I opt into DraftKings promos?

To opt into DraftKings promos, head to the “Promos” tab on the site or app. Select the promo you want to use, then click the opt-in button to activate it. Ensure you meet any additional deposit or wagering requirements and fulfill all the terms and conditions to receive the bonus. We have reviewed the T&Cs in-depth and will update them as offers change. You can learn more here.

Does DraftKings have a promo code?

No, you do not need a DraftKings promo code to be eligible for the $1,250 maximum welcome bonus. As part of that offer, you’ll get a $50 bonus bet after making your first deposit, $200 in bonus bets after making your first cash bet for $5 or more and your first deposit is matched 20% for up to $1,000.

How do you get $1,000 bonus on DraftKings?

The DraftKings welcome bonus comes in multiple parts. You get a $50 bonus bet when you make your first deposit. You get another $200 in bonus bets when you make your first cash bet for $5 or more. And you get your first deposit matched 20% for up to $1,000 in bonus cash. This portion of the sign-up offer does come with a 25x playthrough requirement, which you have 90 days to achieve.

Does DraftKings offer a no-deposit welcome bonus?

No. However, for a $5 deposit, you can unlock a $50 bonus. Then, a $5 wager unlocks an additional $200 in bonus bets. This means you can get a bonus of $250 for $5.

Can I claim more than one DraftKings sign-up bonus?

No, you cannot combine the bonus offers at DraftKings Sportsbook with any of the other offers from the casino, DFS site, or racing app. The promos are limited to one promo per new account. You must not have an existing DraftKings account.

You can claim multiple offers under one product. For example, you can claim all three parts of the DraftKings Sportsbook bonus, valued at $1,250. However, you could not combine it with the DraftKings DFS offer.

Where do I enter a promo code on the DraftKings app?

You don’t need to enter a DraftKings promo code at any point during the registration process. This field is optional, as noted in the registration form. When prompted for a code, you can leave that box blank. This will not affect your eligibility for any bonuses listed on this page.

More sportsbooks like DraftKings

When it comes to a robust welcome bonus, DraftKings Sportsbook is the #1 app on the market. However, that doesn’t mean it’s the only one. Here’s our list of in-depth sportsbook promo reviews that we also consider worth claiming:

• BetMGM Sportsbook promo code
• Caesars Sportsbook promo code
• FanDuel Sportsbook promo code
• bet365 Sportsbook bonus code
• BetRivers Sportsbook affiliate code
• Borgata Sportsbook promo code
• Fanatics Sportsbook promo code
• ESPN BET Sportsbook promo code
• Hard Rock Sportsbook promo code
• SI Sportsbook promo code