DraftKings Sportsbook Review: Spend $5, Get $200 in Bonus Bets
By Horse.Bet Team · Updated · Offer and terms checked
Editorial review: horse.bet is not affiliated with DraftKings. This is an independent editorial review of a legal, state-licensed betting site, based on publicly available information.
★ DraftKings welcome offer · checked
Spend $5, Get $200 in Bonus Bets
Paid in four $50 drops over 21 days, plus three months of NBA League Pass
Promo CodeNo Promo Code needed — offer applied at sign-up
DraftKings is without a doubt a go-to sportsbook for U.S. bettors because the new-user offer is simple, fast to claim, and easy to use on mainstream markets. No promo code is needed: you can turn a small first bet into a bigger bankroll—spend $5 and get $200 in bonus bets, paid as eight $25 bonus bets over 21 days, plus three months of NBA League Pass. It’s best for bettors who want immediate value (NFL, NBA, MLB, NHL, UFC, soccer, and more) and don’t want to wrestle with complex playthrough math before they can start wagering.
DraftKings Sportsbook Welcome Bonus Offer
Spend $5, Get $200 in Bonus Bets + three months of NBA League Pass
DraftKings Promo Code: none needed
DraftKings Sportsbook app offers one welcome bonus for new customers, and it’s easy if you only have a small budget. Bet $5 or more and you earn $200 in bonus bets, whether that first bet wins or loses.
For the DraftKings sportsbook bonus bets, you must deposit and bet $5 or more on any market at odds of -500 or longer. You receive $200 in $25 bonus bets: $50 straight away, then $50 more on days 7, 14 and 21. Bonus bets are valid for 7 days from the time they are credited to your account.
The NBA League Pass subscription auto-renews unless you cancel it. You must be at least 21 (18+ in DC, NH and WY) and located in AR, AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, NC, NH, NJ, NY, OH, OR, PA, TN, VA, VT, WV or WY.
DraftKings Bonus Code Explained: Spend $5, Get $200 in Bonus Bets
Sportsbook New User Offer
Spend $5+ and Get $200 in Bonus Bets (paid over 21 days). T&Cs apply.
DraftKings Promo Code
None needed
DraftKings Promos
3 months of NBA League Pass
Promotions
Refer-a-friend, profit boosts, King of the Court, Early Exit, Dynasty Rewards
DraftKings USA Legal States
AR, AZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MO, NH, NJ, NY, NC, OH, OR, PA, TN, VT, VA, WV, WY
Step 3: Sign up through our link — no promo code is needed to trigger your welcome bonus
Step 4: Provide your date of birth, home address, and phone number
Step 5: Enter the last 4 digits of your Social Security Number (SSN)
Step 6: Confirm your email address by clicking the link in your inbox
Step 7: Deposit at least $5 and place a $5+ bet at odds of -500 or longer
DraftKings Sportsbook Legal States
DraftKings is fully legal and operational in 27 states plus DC, including Arizona, Arkansas, Colorado, Connecticut, Michigan, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, and Wyoming, offering seamless sports betting to users in these locations.
Bet Types at DraftKings Sportsbook
DraftKings Sportsbook offers real-money betting on 15+ sports, including golf, football and hockey. You can bet pregame, on futures or in-play games as they happen. Use the A-Z drop-down menu or browse the Popular Sports tabs to bring up the games that everyone is raving about.
Popular Sports to Bet On:
NFL & College Football: Bet on point spreads, moneylines, and player props for both professional and collegiate games.
NBA & College Basketball: Wager on game outcomes, total points, and individual player performances.
MLB: Place bets on game results, run totals, and specific player achievements.
NHL: Engage in betting on game winners, goal totals, and player statistics.
Soccer: Explore betting options across various leagues, including match outcomes and goal totals.
MMA/UFC: Bet on fight winners, methods of victory, and round outcomes.
Tennis: Wager on match winners, set scores, and tournament outcomes.
Popular Bet Types:
Moneyline: Simply pick the team or player you believe will win the game or match.
Point Spread: Bet on a team to win or lose by a specific margin, ideal for football and basketball enthusiasts.
Totals (Over/Under): Wager on whether the total points, goals, or runs in a game will exceed or fall below a set number. Available in sports like hockey, football, and baseball.
Parlays: Combine multiple bets into one for a chance at higher payouts; all selections must win to cash out.
Prop Bets: Bet on specific events or performances, such as player touchdowns, goals, or individual stats.
Live Betting: Place bets in real-time as the game unfolds, with constantly updating odds.
Special Bet Types:
Horse Racing: DraftKings Racing, formerly DK Horse, now sits inside the DraftKings Sportsbook app in eligible states and offers pari-mutuel betting on horse racing. It launched in Delaware, Rhode Island and New Mexico in March 2026 and added Florida, Louisiana, Montana, New Hampshire, Ohio and Oregon in April 2026. Read our DraftKings Racing review for the racing offer and states.
Total Points: Bet on whether the total points in a game will be over or under the stated mark. Totals bets are usually available in most sports such as hockey, football, and baseball.
Futures: Bet on the winner of the next Stanley Cup or Super Bowl, possibly many months in advance. Find value in early runners or cash-out bets to settle a payout before the event starts.
Player Props: Focus on individual player performances, like scoring a touchdown, hitting a home run, or total points in basketball.
Same Game Parlays: Combine multiple bets from the same game, such as moneyline, player props, and point totals, to create a custom parlay.
Horse Racing Pools: DraftKings offers free and real-money pools for customers. You predict outcomes of selected races by answering questions provided by DraftKings. Questions usually relate to the winner of a race or the winning time. Payouts vary depending on the number of competitors.
DraftKings Sportsbook Special Features
Live Betting: Bet in-play on over a dozen sports and 100s of different events. Peruse live streams on the biggest US sports or top games from around the world. You can also follow the action live on the match tracker and cash out bets before the game ends.
Refer-a-Friend: You get $50 in bonus bets (two $25 bonus bets) when a friend signs up through your referral link, deposits and bets $5 or more. You can earn up to $250 in referral bonus bets.
DraftKings VIP: There is a choice of the loyalty program at DraftKings Sportsbook. You can access bespoke bonuses and personalized contests in the VIP program. You must email dkvip@draftkings.com to request a transfer if you already have an equivalent program on the go at another gambling site.
Stepped Up Parlays: These are DraftKings’ own parlay boost deals. Parlay boosts are offered on selected sports such as college games and can be as much as 30%.
DKNation Sports News: Browse an entire blog site packed with sports news, views, and betting picks for the biggest games. You can also browse podcasts and video previews for the top sports events.
DraftKings Sportsbook Mobile App
You can install a mobile DraftKings app for your iOS or Android device. The DraftKings Sportsbook app is available through the App Store or Google Play Store for download on iPad, iPhone, or Android smartphones.
DraftKings Payment Methods
Online banking
Visa / MasterCard
Discover
PayPal
Venmo
Apple Pay
Gift cards
DraftKings Play+ Prepaid Card
In person at retail sportsbooks
VIP Preferred (ACH/e-Check)
Wire transfer
★ Terms
DraftKings Welcome Offer Terms Explained
The DraftKings sign-up bonus is easy to trigger, but the bonus bets arrive in stages. Here’s what the small print means.
Rule
What it means
Qualifying bet
Your first real-money bet of $5 or more, on any sport, at odds of -500 or longer
Win or lose
The $200 pays whatever the result of the first bet
How it’s paid
Eight $25 bonus bets: $50 straight away, then $50 on days 7, 14 and 21 (click to claim)
Bonus bet expiry
Seven days after each drop
Withdrawals
Bonus bets can’t be cashed out; winnings from them can, but the stake isn’t returned
NBA League Pass
Three months included; it auto-renews unless you cancel
Who can claim
New DraftKings Sportsbook customers, 21+ (18+ in DC, NH and WY)
A $25 bonus bet at +150 pays $37.50 in cash, not $62.50, because the stake stays with DraftKings. Our guide to how bonus bets work covers the math.
Is there a DraftKings no deposit bonus?
No. DraftKings doesn’t run a no deposit bonus for new sportsbook customers. You need to deposit at least $5 and place a $5 bet to unlock the $200.
Do you need a DraftKings promo code?
No. DraftKings applies the welcome offer automatically when you sign up through our link. Codes that circulate on other sites aren’t published by DraftKings, so there’s nothing to type in.
★ Existing users
DraftKings Promos for Existing Customers
Once the welcome bonus is used up, DraftKings keeps regular customers busy with a steady rotation of promotions in the Promos tab:
Profit boosts on daily games, props and same-game parlays
King of the Court on Tuesdays during the NBA season
DraftKings Early Exit, a daily promotion
Full Court Draw and Jackpot Pools
Dynasty Rewards, the loyalty program that pays back on every bet
Existing customers don’t need a promo code for any of these. Opt in from the app before you bet.
★ Horse racing
DraftKings Racing: Betting on Horses in the DraftKings App
DraftKings Racing replaced the standalone DK Horse app and is now built into the main DraftKings Sportsbook app, so you can switch from an NFL parlay to a horse race without changing apps. Availability varies by state.
The minimum deposit is $5. You can fund your account with a debit or credit card, PayPal, Venmo, Apple Pay, online banking, VIP Preferred (ACH), the DraftKings Play+ card, gift cards, wire transfer or cash at a retail sportsbook.
DraftKings has 24-hour customer support via live chat, but the bot will try to answer most queries first before you need to speak to anyone. You can also call DraftKings on (617) 986-6744. DraftKings processes most withdrawals within 48 hours, though online banking, Play+ and checks can take several business days to reach you.
The DraftKings Sportsbook app is rated 4.8 stars on the App Store from more than 824,000 ratings.
★ App screenshots
DraftKings App Screenshots and App Store Rating
Official screenshots of the DraftKings app from its App Store listing. The app is rated 4.8 out of 5 from 1,337,298 ratings on the App Store.
DraftKings Sportsbook app — #1 sportsbook for live bettingDraftKings promo: spend $5, get $200 in bonuses plus 3 months of NBA League PassDraftKings Sportsbook bet slip with an NBA same-game parlay
★ Licensed states
Where DraftKings Is Licensed: Bonus and Promo Code by State
DraftKings is licensed state by state, usually through a casino, tribe, racetrack or team that holds the local license, and the welcome offer is not always the same everywhere. Here is every state, the license partner and the offer you get there.
Yes. DraftKings Racing, formerly DK Horse, is built into the DraftKings Sportsbook app in eligible states. Our DraftKings Racing review has the details.
Can I claim a DraftKings Sportsbook welcome bonus?
Yes, if you’re a new customer aged 21+ (18+ in DC, NH and WY) in a DraftKings state. Bet $5 or more and you receive $200 in bonus bets, whether your first bet wins or loses.
Can I watch live streams at DraftKings Sportsbook?
Yes! Peruse live streams on the biggest US sports or top games from around the world. You can also follow the action live on the match tracker and cash out bettings before the game ends.
Does DraftKings Sportsbook offer customer support?
Yes. DraftKings has 24-hour customer support via live chat but the bot will try to answer most queries first before you need to speak to anyone.
What is the DraftKings promo code?
There isn’t one to enter. DraftKings applies its spend $5, get $200 in bonus bets offer automatically when you sign up through our link.
How does the DraftKings bet $5, get $200 offer work?
Deposit at least $5 and place a $5+ bet at odds of -500 or longer. Win or lose, you get $200 in bonus bets: $50 right away and $50 more on days 7, 14 and 21. You also get three months of NBA League Pass.
Is there a DraftKings promo code for existing users?
Not as a code. Existing customers get profit boosts, King of the Court, Early Exit, Jackpot Pools and Dynasty Rewards, all opted into from the Promos tab.
How does the DraftKings referral bonus work?
You get $50 in bonus bets when a friend joins through your referral link, deposits and bets $5 or more, up to $250 in total.
Is there a DraftKings no deposit bonus?
No. You need to deposit at least $5 and place a $5 bet to unlock the welcome offer.
How long do DraftKings bonus bets last?
Each drop of bonus bets expires seven days after it’s issued, so claim and use them as they arrive.
Is DraftKings legal in Missouri and Arkansas?
Yes. DraftKings went live in Missouri in December 2025 and operates in Arkansas through Southland Casino.
Bet responsibly. 21+ (18+ in DC, NH and WY) and present in a state where DraftKings operates. Gambling problem? Call or text 1-800-GAMBLER. In New York, call 877-8-HOPENY or text HOPENY (467369). In Iowa, call 1-800-BETS-OFF.
