Bet $5, Get $200 In Bonus Bets
DraftKings Best Promo Codes 2023
The value and odds available from DraftKings sportsbook are unmatched. New users can get $200 in bonus bets after making a first-time wager of just $5.
| Bonus type | Bonus Bets |
|---|---|
| Bonus code | N/A |
| Bonus amount | $200 |
| Available in these states | AZ, CO, CT, IL, IN, IO, KS, LA, MD, MA, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WA, WV, WY |
| Minimum deposit | $5 |
| Wagering requirements | Place your first wager of at least $5, and if it loses, you get back that amount (up to $1,000) in DraftKings bet credits |
| Deposit methods | Bank transfer, debit card, credit card, PayPal, cryptocurrency, eCheck |
Table of contents
DraftKings is a leader in online sports betting and daily fantasy sports, which is why they rank among the market leaders in many states across the country. It’s difficult to locate better odds for the NFL, NBA, MLB, NHL, PGA, NASCAR, the EPL and other sports than what you’ll get from DraftKings mobile sports betting app.
DraftKings welcome bonus for new users
The welcome bonus is the first impression you get of a sportsbook. This means sportsbooks will hand out promo offers to entice you to start playing there. The more competitive the welcome bonus is, the more likely you are to start your online sports betting journey there.
DraftKings has upped the ante: by allowing new MI players to bet $5 in order to receive $200 in bonus bets. Many sportsbooks in Michigan will give out welcome bonuses for new users in the form of bets that are triggered if your first wager loses. But you will get $200 in bonus bets whether your first wager wins or loses.
If your first bet with DraftKings Sportsbooks loses, you get back your stake, up to $1,000.
Payment Methods
How to access the DraftKings welcome bonus
Here’s how easy it is to claim your promo offer from DraftKings:
- Download the DraftKings app and register
- Make your first deposit
- Place a moneyline, props, or parlay wager
At this time, you do not need a DraftKings Sportsbook promo code to redeem the offer. You’ll need to access DraftKings from within a state with legal sports betting such as Michigan, or any of the others available in 22 states where DK is operating.
Once you have registered and deposited, your first bet will be eligible for the welcome bonus. You can automatically claim the $200 in bonus bets when you make your first successful deposit followed by a $5 wager.
Use your bonus bets on multiple wagers within the next 14 days. You can download any winnings after betting the bonus credits once.
DraftKings promos for existing users
Once you’re a user of DraftKings Sportsbook Michigan, you’ll be able to access current promotions under the “Promos” link from the top menu in the app or on the website. DraftKings categorizes its promos:
- New Customers
- Deposit Bonus
- Profit Boost
- Odds Boost
- Bonus Bet
- Stepped Up SGP
- Odds Surge
- Refer a Friend
As an existing customer, we’re interested in the ones in bold. Existing customers will qualify for any of those. See the list below for examples of these bonuses from DraftKings.
Current DraftKings promotions
- Profit Boost: For many of the biggest sporting events, DraftKings will boost profits if your bet wins. For example, for the PGA Championship, there was an 18% profit boost available. That means if you won $50 on your PGA golf bet for that tournament, you would get an additional $9 from DraftKings.
- Odds Boost: An odds boost is when DraftKings makes the odds better for you. For example, Russell Wilson to throw 2+ TDs and for 250+ yards boosted to +350
- Bonus Bet: Simply bet on X and get a bonus bet. For example, place a parlay bet on the MLB Playoffs and get a $20 bonus bet.
- Stepped Up SGP: This is when DraftKings boosts your potential profits on a single-game parlay if you meet minimum requirements (like four legs).
- Odds Surge: A great way to get even better odds. For example: add +200 onto any First TD scorer bet in a Week One NFL game.
- Refer a Friend: Refer a Friend to DraftKings, and if they register, you both receive a $50 Bonus Bet AND $50 in Casino Credits.
Comparing DraftKings sign up bonus offer
| Sportsbook bonus | Bonus amount | Minimum deposit | Expiration of bets | How bonus is awarded |
|---|---|---|---|---|
| DraftKings bonus | $200 | $5 | 14 days | Bet $5, get $200 in bonus bets instantly |
| BetMGM bonus | $1,000 | $5 | 14 days | New users receive a welcome bonus worth up to $1,000. Claim up to $1,000 in bonus bets if your first BetMGM wager loses |
| Caesars bonus | $250 | $50 | 14 days | Bet $50 to get $250 in bonus bets with code ‘SLMLIVEGET’ |
FAQs
What states is DraftKings’ $200 Welcome Bonus available in?
Claim this offer in AZ, CO, CT, IL, IN, IO, KS, LA, MD, MA, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WA, WV, and WY. Consult details in each state for minimum requirements and eligibility.
Where do I enter my DraftKings Sportsbook promo code in the mobile betting app?
Once you fill out the bet slip for your $5 wager and place it, you will immediately receive $200 in bonus bets.
How old do I have to be to redeem the DraftKings bonus?
In Michigan, you’ll need to be 21 to get the bonus from DraftKings MI. In a few other states, such as New Hampshire, Tennessee, and Wyoming, you can register at the age of 18.
Can I get more than one bonus using DraftKings’ welcome bonus?
No, new users can only claim one welcome bonus. Right now, the offer is to get $200 in bonus bets after placing a first-time wager of just $5.
How do I use the DraftKings bonus code?
Register with DraftKings as a new user.
Confirm your identity and age.
Make a deposit.
Place a wager of at least $5.
Get $200 in bonus bets.
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