DraftKings $200 Promo Code - Bet $5 Get $200 in Bonus Bets

DraftKings is delivering one of the easiest welcome offers you'll find: bet just $5 and score $200 in bonus bets instantly. No complicated promo code, no hoops to jump through. 

If you've been searching for the DraftKings $200 promo code or wondering how the bet 5 get 200 deal works, you’re in the right spot. We’ll walk you through exactly how to claim your bonus in a few quick steps and get you betting with one of the most trusted sportsbooks in the U.S.

DraftKings Sportsbook $200 Welcome Bonus: and Conditions Explained

DraftKings Sportsbook makes it simple for new s to claim its Bet $5, Get $200 welcome bonus—no promo code required. However, there are important and conditions to understand before diving in. To qualify, you must deposit a minimum of $5, place a $5+ cash bet on any market (including the NFL), and receive $200 in bonus bets, win or lose.

Here’s what you’ll get:

• The $200 bonus is credited as eight separate $25 bonus bets.
• Bonus bets expire seven days (168 hours) after being issued, so be sure to use them quickly.
• Only the winnings from your bonus bets will be returned to you—not the stake value of the bonus bet itself.
• Promotional period 04/14/25 to 05/18/25

Eligibility and Restrictions

The DraftKings Promo Code, Bet $5 Get $200 is available to new customers aged 21+ (18+ in KY, NH, or WY) who are physically located in one of the eligible states: Arizona, Colorado, the District of Columbia, Iowa, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, North Carolina, New Jersey, Ohio, Pennsylvania, Vermont, Virginia, West Virginia, and Wyoming. Each may claim the promotion only once. Additionally, bonus bets cannot be combined, used with odds boosts or profit boosts, or settled using the cash-out feature.

Bonus Breakdown

Upon placing your qualifying bet, your will be credited with $200 in bonus bets within 72 hours of settlement, regardless of the bet's outcome.  

DraftKings ensures transparency and fairness with this promotion, reinforcing its position as a trusted leader in the online sportsbook industry. For complete details, visit DraftKings' official site or app and ensure you meet all eligibility requirements before participating.

We can confidently say that the DraftKings $200 promo sets the standard among competitive offers. Compared to its peers, BetMGM, Bet365, and FanDuel, DraftKings consistently delivers the best sportsbook promotions for new customers.

​Here is a comparison of current new- sportsbook promotions from BetMGM, FanDuel Sportsbook, and bet365 as of April 2025:

These promotions offer varying benefits depending on the amount you wish to wager and your risk preference. For instance, bet365's offer provides bonus bets regardless of the outcome of your initial wager, while FanDuel and BetMGM require your first bet to win to receive the bonus. BetMGM's First Bet Offer and bet365's First Bet Safety Net provide a safety net if your initial bet loses, refunding your stake in bonus bets up to a certain amount.

Explore the table below to find where DraftKings is available and unlock their best offers. If DraftKings promotions are active in your state, don’t miss the opportunity to claim these deals and start placing your wagers today!

Experiencing issues with your DraftKings bonus bets can be frustrating, but there are several steps you can take to resolve the problem.

1. Promo Code Accuracy: Ensure any promo code you’ve used is entered correctly. Copying and pasting the code is the easiest way to avoid errors. If you used a link from this page, the promo code should apply automatically.
2. Check the FAQs: Visit the DraftKings Sportsbook FAQs section, which often addresses common issues with bonus bets. This can provide quick solutions without needing further assistance.
3. Review Social Media Updates: Head to DraftKings’ social media channels to see if there are any updates about service disruptions or if other s are reporting similar problems.
4. Customer : If none of the above steps resolve the issue, reach out to DraftKings customer service for personalized assistance.

By following these steps, you can troubleshoot and resolve most issues related to DraftKings bonus bets quickly and effectively.

Deposit options to take advantage of the DraftKings Promo

Deposit methods on DraftKings may vary based on your location and the specific product you’re using. Not all payment options listed below are available in every jurisdiction or for every product. Where permitted, DraftKings accepts a wide range of payment methods, including:

• Apple Pay
• Bank Wire
• Cash at Cage
• Checks
• Debit Card
• Online Banking
• PayPal
• Play+ Prepaid Card
• Venmo
• VIP Preferred (e-check)

When depositing on DraftKings, it’s important to note the following:

• Deposits must come from a personal ed in your name; business s are not permitted.
• Some deposit methods may only be available for specific DraftKings products.
• Payment processors may approve or deny deposits at their discretion.
• Players are encouraged to gamble responsibly and can set daily, weekly, or monthly deposit limits.

The deposit options presented to you will be tailored to your location and product, ensuring a seamless and compliant transaction process. Always use valid personal banking or payment s to fund your DraftKings wallet.

How to Withdraw Your DraftKings $200 Promo Winnings

Withdrawing your promo winnings from DraftKings is a simple process, but it’s important to follow the correct steps and understand the available banking methods. Here's how to get started:

1. Navigate to your and select “Withdraw.”
2. Complete any required verification steps.
3. Choose your preferred withdrawal method.
4. Your funds will be processed within the specified timeframe based on the method selected (details below).

Refer to the table for withdrawal options and their respective processing times:

Key Tips for Smooth Withdrawals:

• Always ensure your is fully verified to avoid delays.
• Choose the withdrawal method that best fits your needs based on processing times and convenience.
• DraftKings customer if you encounter any issues.

DraftKings Sportsbook offers a range of promotions beyond the standard welcome bonus, providing s with multiple ways to maximize their betting opportunities. From referral bonuses to unique seasonal promotions, here’s a breakdown of the latest offers:

Refer a Friend Bonus

Share the fun of DraftKings with friends and earn rewards! By sharing your unique referral link, you can receive up to $100 in bonus bets for each friend who s and makes a first deposit of at least $25. This promotion allows you to claim a maximum of $500 in bonus bets, which must be used within seven days of issuance. While these bonus bets cannot be withdrawn as cash or transferred, they provide a valuable opportunity to enhance your betting experience.

Free-to-Play Pools

Test your sports knowledge with DraftKings’ Free-to-Play Pools, where s answer questions about sports events. Compete on the leaderboard for a chance to win prizes ranging from $1 to $100 in bonus bets. It’s a risk-free way to stay engaged with your favorite sports while earning extra rewards.

Match Deposit Welcome Bonus

Boost your bankroll with DraftKings' occasional Match Deposit Bonuses, which match your initial deposit up to a specified amount. These promotions are a great way to get more value from your first deposit and start your sports betting journey with an edge.

No Sweat Bets

From time to time the DraftKings no-sweat promo is available, i.e. your first bet is paid back in case it is lost. These bonus types as commonly also referred to as first bet paid back bonuses. 

No-Deposit Bonuses

For an effortless start, look out for No-Deposit Bonuses, which allow you to receive bonus funds without depositing your own money. These offers are typically available when DraftKings launches in a new state or when s explore its casino platform. It’s a perfect way to test the waters risk-free.

Reignmakers PGA Tour Starter Pack

Golf fans can step into the action with the Reignmakers PGA Tour Starter Pack, which includes 35 top-ranked golfer cards. Use these cards to enter beginner contests throughout the season and compete for prizes—all without any entry fees. It’s an innovative way to engage with PGA Tour events while sharpening your skills.

King of the End Zone

For NFL enthusiasts, the King of the End Zone promotion offers a shot at a $2 million bonus pool. To participate:

• Opt-in to the promotion.
• Place a pregame touchdown scorer bet of at least $5.
• Bonus bets from the $2 million pool will be distributed and must be used within seven days.
  Single bets and parlays (up to three legs) are eligible, giving you plenty of options to aim for a share of the prize.

With these promotions, DraftKings continues to solidify its reputation as a premier sportsbook, offering engaging and rewarding opportunities for bettors at all levels. Visit the DraftKings app or website to explore these offers and ensure you meet all eligibility requirements before participating.

DraftKings is committed to promoting safe and responsible gambling by offering a variety of tools to help players manage their betting activity. These features are designed to encourage mindful wagering and protect bettors:

• Deposit Limits: Set daily, weekly, or monthly limits on the amount you can deposit into your .
• Spending Limits: Control how much money you want to spend on wagers during a specific timeframe.
• Wagering Limits: Define the maximum amount you’re willing to stake on a single bet.
• Time Limits: Establish limits on the duration of your betting sessions to avoid excessive play.
• Cool-Off Periods: Activate a 30-day cool-off period to temporarily restrict betting activity and deposits.

DraftKings encourages all players to gamble responsibly and within their means. These responsible gambling features are designed to help you maintain control and enjoy your betting experience in a safe and comfortable manner. If you ever need , resources like the National Council on Problem Gambling (1-800-GAMBLER) are available to provide assistance.