DraftKings Sign-Up Promo
The DraftKings Sportsbook promo code for new customers changes every few weeks. The general idea is that you can sign up and place a $5 qualifying bet to unlock lots of free bet tokens. For example, one DraftKings promo code offer at the time of writing is a "Bet $5, Win $150" deal. You just bet $5 on an NBA game and receive six free $25 bet tokens.
Alternatively, there are occasionally "Bet $5, Win $200" deals if you place a qualifying bet on an MLB game. The rollover requirement on each token is just 1x, so this is a very appealing DraftKings promo. It regularly launches short-term bonuses of this nature on major sports events, including a "Bet $5, Win $200" offer during March Madness and a "Bet $5, Win $280" bonus on the last Super Bowl.
DraftKings Deposit Bonus
DraftKings Sportsbook regularly offers a 20% deposit match bonus worth up to $1,000. This is an interesting offer, but it comes with a 25x release requirement. That means you need to wager $25 of your own money to unlock $1 in bonus funds. To claim the full $1,000 from this DraftKings deposit bonus, you would therefore need to wager $25,000. You will be given 90 days in which to unlock as much bonus credit as possible, and a "Bonus Status" graphic will keep you updated with your progress.
This is a large welcome bonus. Some rival sportsbooks offer a $1,000 risk-free bet as their sign-up offer, but you need to use any bonus funds in one go, whereas the $1,000 from this DraftKings Sportsbook promo code can be divided up and used however you like. It is an attractive bonus for high rollers that plan to wager $25,000 in their first 90 days, but casual players might prefer to go for a "Bet $5, Win $150" or "Bet $5, Win $200" DraftKings bonus code offer instead.
In the past, DraftKings has offered a $50 free bet token along with the 20% deposit match up to $1,000 bonus. That is an attractive offer for casual bettors, because you could sign up, make a $5 deposit and instantly receive $50 in bonus funds – essentially making it a 1,000% deposit match offer.
There are lots of ways to unlock free bets at DraftKings Sportsbook. You will receive several free bets worth $25 apiece if you claim a "Bet $5, Win $150" or a "Bet $5, Win $200" welcome bonus. DraftKings sometimes offers a $50 no deposit bonus alongside its 20% deposit match bonus, which essentially amounts to a $50 free bet. You can earn free bets via the refer a friend bonus too. Another way to receive a free bet is to rack up loyalty points and then trade them in for site credit. You may find short-term free bet DraftKings offers for existing customers too at certain times too if you visit the promotions page.
Special Event Offers
DraftKings Sportsbook offers very appealing bonuses to tie in with major sporting events. It launched a "Bet $5, Win $200" bonus during the NFL playoffs in January 2022. You could sign up for an account and place a $5 bet to earn eight free bets worth $25 each. It then rolled out an even better DraftKings Sportsbook promo code for the Super Bowl – a "Bet $5, Win $280" deal, whereby you would get seven free bets worth $40 apiece for wagering $5 on either team.
That is the best DraftKings promo code offer we have seen, but it continues to launch generous deals. The "Bet $5, Win $200" DraftKings promo code returned during March Madness, allowing hoops fans to bet $5 on a game and enjoy eight $25 free bets. It then launched a "Bet $5, Win $150" bonus to mark the start of the NBA playoffs. These DraftKings Sportsbook offers are great, because they only require you to risk $5 to receive more than $100 in free bet credits.
In the past, DraftKings online sportsbook has also offered welcome bonuses that focused on huge odds boosts. For example, in the build-up to a big UFC fight night, it allowed new customers to bet $1 at boosted odds of 100/1 (+10000) on a single punch to be landed in a fight. Winnings were paid out as free bet credits. Success was guaranteed, as a punch is always landed in a UFC bout. A similar offer allowed new customers to bet $1 at 100/1 on a single 3-point field goal being scored in an NBA game. Once again, success was assured, because a 3-pointer is pretty much always made in a basketball game. There have been special event offers like that on football games too. You simply needed to make a $5 deposit to qualify.