DraftKings Sportsbook Promo Code & Review - Bet $5, Get $150 In Bonus Bets for April 2024

What is the DraftKings Sportsbook promo code? Can I bet on football, basketball and other sports using my mobile? Is DraftKings one of the best apps for US sports betting? We've got the answer to these questions and more in our DraftKings review. This guide highlights both operator's strengths and weaknesses. And how to get $150 instantly as a new customer. Scroll down for our complete DraftKings review.

DraftKings Sportsbook Promo Code and Welcome Offer

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DraftKings Sportsbook Key Facts

Established Since:	2012
Reputation:	Highly reputable and trusted brand
Availability:	24 US States
Payment Methods:	Both cards and e-wallets accepted
Customer Support:	24/7 Live Chat
Licensing:	Licensed and regulated
Live Betting:	Available for majority of sports
Loyalty Program:	Dynasty Rewards Program
Sportsbook App Rating:	⭐⭐⭐⭐⭐
Other Draftkings Apps:	DraftKings Casino, DraftKings DFS

 

When you sign up for a new account at DraftKings Sportsbook, you can take advantage of their latest promotion: Bet $5, Get $150 In Bonus Bets Instantly. To qualify, simply deposit $5 or more into your account and place a minimum bet of $5 on any available sports market and you will get $150 In Bonus Bets Instantly

These Bonus Bets are issued within 24 hours of bet settlement and remain valid for seven days. It's a straightforward way for new customers to enjoy some added value when getting started with DraftKings Sportsbook. With this offer, DraftKings successfully competes with best online sportsbooks in the US, but it does need to improve slightly to go to the top of the sportsbook promos.

No DraftKings Sportsbook No Deposit Bonus

Sports bettors can't get a no deposit bonus when they create their first account at DraftKings. However, if you join DraftKings Casino instead, you can get a $50 no deposit bonus, as well as a first deposit match worth up to $2,000. However, it's important to note that, if you claim these two bonuses, you won't be able to get the DraftKings bonus bets offer for sports bettors.

How to Redeem Your DraftKings Bonus Code Offer

1. CLICK HERE (or our banner) to activate your DraftKings sign up bonus. *You don't need a DraftKings Sportsbook promo code to claim this offer.
2. Using our link will take you to a special registration page. Complete the registration form by inputting your personal details, including the last four digits of your SSN.
3. Wait for the ID verification software to confirm your identity.
4. Allow the geolocation software to determine your location and complete the registration process.
5. Deposit and then wager a minimum bet of $5 (without any promo codes) on any pre-game moneyline.
6. You will get $150 In Bonus Bets Instantly

DraftKings Sportsbook Deposit Bonus Terms

To claim the DraftKings match deposit bonus, you'll need to comply with these wagering conditions:

Bet $5, Get $150 In Bonus Bets Instantly:

• When: March 11th - April 14th
• Where: ALL States besides North Carolina
• Who is eligible: First-time DK account holders, 21+, who make the qualifying wager of $5 or more
• Does the initial bet have to win, to get the bonus: NO
• When do you get the bonus bets: immediately, upon placing the qualifying wager
• Do the bonus bets expire: Yes. Bonus Bets expire 7 days (168 hours) after being awarded

All-Customer SGP Insurance:

• Applies to all events.
• Must opt-in and apply your Parlay Insurance Token to place an X+ leg Same Game Parlay.
• If one leg loses and the rest win, receive your stake back in the form of a Bonus Bet up to $XX.
• Maximum Reward: one (1) $XX Bonus Bet.
• Minimum odds of -300 or longer per leg (-200, +110, etc).
• Bonus Bet issued upon settlement of all legs within the qualified bet.
• To qualify, wagering on this promotion must use funds from your cash balance or DK Dollars.
• Must be 21+, unless otherwise stated, and located in AZ, CO, CT, IA, IL, IN, KS, KY (18+), LA, MA, MD, ME, MI, NH (18+), NJ, NY, OH, OR, PA, TN, VA, VT, WA, WV, or WY (18+).
• Ineligible Bets:
  • Excludes singles, traditional parlays, odds boosts, cash out bets, and voided bets.
  • Wagers with legs on non-eligible games.

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DraftKings maintains a level of consistency across all of its gambling platforms. In, fact it recently became the NJ sports betting leader in terms of revenue. Therefore, the bonuses and the requirements for promo codes will be the same in almost every state. However, for clarity, on this page you can find the latest DraftKings promo code offers, betting news and promotions currently available in the US.

How DraftKings Online Promo Code Offer Compares

Would we like to see a DraftKings no deposit promo code? Yes. Could there be a special DraftKings sign up promo code that offers something other than the welcome bonus? Perhaps. We're not going to say that this is the worst sports betting bonus we've seen. In fact, it's far from the worst.

However, there are certain aspects to this offer we'd like to change. Having a promo code isn't necessary, so that's not a problem. What would be nice, however, is a bigger deposit multiplier. The top-end value of this bet credit bonus is great. It requires only to deposit and bet any re-game moneyline to activate the bonus bets. The offer was on par with other top-rated operators in the US sports betting market.

Why Use this DraftKings Deposit Promo Code Offer?

You don't need DraftKings promo codes to get the best offers. Instead, you can use our  registration link, make real-money bets, and read our promo updates to get the latest and greatest bonuses.

More DraftKings Sportsbook Promotions

• Refer a Friend

  Invite a friend to join DraftKings' online sportsbook via the "Refer a Friend" promotion. Once they register, deposit, and bet a minimum of $25, you'll be eligible for a bonus up to $150.

• Odds Boosts

  Get better betting lines for all major sports with odds boost promos.

• Same Game Parlay Promo

  You can bet on multiple outcomes in a single game as a parlay.

• DraftKings Daily Rewards

  DraftKings daily fantasy sports bettors can earn special bonuses every day they enter a real-money contest.

• March Madness Contest

  Take advantage of jackpot prizepools, bonus bets for college basketball, and more during March Madness.

• DraftKings Super Bowl Promo

  Get improved NFL lines, cashback, and more during the Super Bowl.

• DraftKings Bonus Bet

  You can get a refund on losing wagers with bonus bets.

• Gift Card

  You can get gift cards for stores, sports events, and more via the DraftKings Dynasty VIP program.

• Hammer the Over

  Get enhanced odds and a reduced totals so you can hamer the over with these promotions.

• Birthday Promo

  You'll get a special bonus on your birthday as a real-money customer.

• Wildcard Promo

  Make football bets during the NFL season and earn Wild Cards that can contain random prizes.

• Thursday Night Football Promo

  Get bonus bet bonuses and more on Thursday's best football games.

• Monday Night Promo

  Get extra value ahead of the biggest Monday night NFL games.

• DraftKings Reload Bonus

  Get bonus bet credits when you make deposits at special times.

• Thanksgiving Promo

  You can get a bonus bet, bonus money (aka DK Dollars), or some other special surprise with DraftKings' Thanksgiving giveaways.

• Deposit Match Bonuses

  The brand offers deposit match bonuses from time to time. Sometimes these bonuses are for registered users, but it might also be a welcome bonus. The good news is that players can match their deposits and double the fun with their funds.

Rewards Program

DraftKings has a loyalty scheme known as Dynasty. This scheme is open to any active customer with a real money balance. The premise is simple: make bets to earn points. These points (known as Crowns) move you up the VIP ladder and unlock an increasing number of benefits.

You need to wager $2 to earn 1 Crown and there are 5 VIP tiers in total:

• Bronze (0 - 24,999 Crowns)
• Silver (25,000 - 124,999 Crowns)
• Gold (125,000 - 499,999 Crowns)
• Diamond (500,000 - 999,999 Crowns)
• Onyx (1 million+ Crowns)

Moving up the VIP ladder unlocks exclusive bonus bet bonuses, birthday rewards, priority customer support, access to live events, and more. Crowns can also be spent in the Dynasty Store on special prizes and experiences.

DraftKings VIP

Running in tandem with the loyalty scheme is the DraftKings VIP program. This is an invite-only service that offers "top-tier" sports bettors access to enhanced services, unique promotions, and personalized contests.

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Highlights:

• ✅ Licensed, reputable brand
• ✅ Great bonuses and promotions
• ✅ Pre-event and live odds
• ✅ Excellent payment options
• ✅ Generous odds for 15+ sports

It doesn't matter if you're a fan of football (NFL), baseball (MLB), NBA Finals, soccer, or MMA. DraftKings has you covered. With competitive odds, bonus bet bonuses, and in-play betting markets, there is something for everyone inside this online sportsbook app.

Is it perfect? No. Other operators and even new betting sites have more live streams and there are some bonus conditions we're not too keen on. However, overall, this is an impressive sportsbook that's supported by a slick fantasy sports platform and a well-stocked online casino. To learn more, scroll down for our honest DraftKings review.

You can access generous betting lines and odds boosts for dozens of sports and, thousands of events every year. The minimum bet is less than $1 and the sports covered by DraftKings' oddsmakers are:

Baseball (MLB and the World Series)

DraftKings is one of the best MLB apps, providing extensive betting, offering odds on regular season games, playoffs, and the climax of the baseball calendar, the World Series. Fans can bet on outcomes, player performances, and specific game events.

Softball

While not as mainstream as baseball, softball betting attracts a dedicated following. DraftKings covers significant softball events, allowing fans to engage with the sport on a deeper level.

Professional Football (NFL Odds)

NFL betting commands a massive interest, and DraftKings meets this demand with a wide range of bets on regular season games, the playoffs, and the Super Bowl. Bettors can wager on game outcomes, player stats, and more.

College Football (NCAA)

College football is a breeding ground for future NFL stars and a source of regional pride. DraftKings offers odds on many NCAA football games, including bowl games and betting on College Football Playoff.

College Basketball (NCAA)

From the regular season to March Madness, DraftKings provides bettors with numerous betting options for NCAA basketball, capturing the excitement of college hoops.

Professional Basketball (NBA playoffs and NBA Finals)

NBA wagering peaks during the playoffs and Finals, with DraftKings offering in-depth  NBA betting lines on every game, including player prop bets and live betting options.

Hockey (NHL and international leagues): DraftKings caters to hockey fans with NHL betting lines, including the Stanley Cup playoffs, and various international leagues, embracing the global nature of the sport.

Golf (The Open and other major tournaments)

Golf's major tournaments, including The Open, attract significant betting interest. DraftKings provides odds for outright winners, head-to-head matchups, and performance props.

DraftKings Horse Racing

Focusing on premier events like the Kentucky Derby, DraftKings horse racing betting offers win, place, show, and exotic bets, appealing to both seasoned and novice bettors.

Tennis (the US Open and other events)

Tennis betting peaks during Grand Slam tournaments such as the US Open. DraftKings offers a variety of bets, including match winners, set betting, and live bets.

Olympics

The Olympics, both summer and winter editions, offer a unique betting experience with a wide range of sports. DraftKings covers the vast array of Olympic events, from track and field to skiing.

TV and Movies (the Oscars, etc.)

Beyond sports, DraftKings taps into entertainment betting, offering odds on award show outcomes, such as the Oscars, allowing fans to bet on their favorite films and performances.

Lacrosse

Lacrosse betting includes college and professional games, catering to a niche but passionate audience.

WWE

Professional wrestling, particularly WWE events, offers unique betting opportunities on match outcomes and storyline developments.

Boxing

Boxing matches, especially title fights and high-profile bouts, are a staple of sports betting. DraftKings provides odds on fight winners, method of victory, and round betting.

MMA

Mixed martial arts has surged in popularity, and DraftKings offers comprehensive betting options on UFC fights and other MMA organizations, including fight outcomes and specific fight events.

Aussie Rules

Australian Rules Football appeals to an international audience, with DraftKings offering betting options on AFL matches.

Handball

Handball, popular in Europe, is also featured, with betting lines on major leagues and tournaments.

Motorsports (NASCAR, F1, etc.)

Motorsports enthusiasts can bet on NASCAR, Formula 1 Grand Prix, and other motorsport events, focusing on race winners and championship outcomes.

Soccer

Soccer is a global phenomenon. DraftKings is one of the best soccer sites, offering many betting options on leagues worldwide, including MLS, the English Premier League, and the UEFA Champions League.

Snooker

Snooker may cater to a more niche audience but offers betting opportunities on major tournaments and matches.

Darts

Darts betting includes major championships, allowing fans to engage with the precision sport.

Rugby (League and Union)

Rugby league and union are covered, with bets on domestic leagues and international competitions.

Cycling

Major cycling events, including the Tour de France, are available for betting, focusing on stage winners and overall race leaders.

DraftKings Betting Odds and Lines

DraftKings doesn't always have the best betting lines. Looking at the market as a whole, FanDuel typically comes out on top. However, it's not far behind, particularly when it comes to DraftKings underdog lines or teams it has a partnership with. Add to this odds boost offers and there's always solid value at DraftKings Sportsbook.

Best Betting Options

• Moneyline: Bet on the outright winner of an event.
• Futures Bets: Bet on the winner of a season-long contest, such as the Super Bowl.
• Player Props: Bet on individual or team outcomes, such as next player to score, MVP odds and more.
• In-play bets: You can make live bets on every sport, including golf, football (NFL), baseball (MLB), soccer, and hockey (NHL).
• Teasers: Bet on multiple outcomes in exchange for buying points that move the moneyline on each team involved in your bet.
• Over/Under: Bet on whether the result of a contest will be over or under a predetermined line.
• Sleeper Picks: You can bet on players that will come out of nowhere and perform well in DFS contests.
• Pool Bets: DraftKings Sportsbook offers pool betting. Few operators have this feature, so DraftKings stands out in this regard. Pools are picking contests between users. The more correct bets you make, the more points you score and the higher you'll climb up the leaderboard. Finish among the top performers and you'll win a cash prize.

PROS & CONS

DraftKings Casino

Anyone that wants or needs a break from sports betting can use DraftKings online casino. The number of games available varies depending on the state you're in, for instance, DraftKings PA casino offers more games than the MI app. On average, you can expect to find 400+ slots and table games, as well as promotions designed specifically for casino gaming at all DraftKings casinos.

DraftKings Daily Fantasy

DraftKings DFS is the biggest daily fantasy sports company in the world. As well as premium contests, you can enter free tournaments and win mega cash prizes at DraftKings DFS.

 

DraftKings has a level of consistency that makes it a titan in every setting. In other words, you can access these impressive features via the desktop site, the mobile site, or the DraftKings mobile betting app.

DraftKings Live Betting

You can bet on events while they're in progressive. This is known as in-play or live betting. In-play betting is available for a variety of outcomes, including moneyline bets, totals, and player props. To make in-play betting even more engaging, DraftKings offers live streams and statistics.

Stats Hub

You can access a selection of useful statistics via the DraftKings website or app. As well as recent results, you can see how teams have performed against each other, player stats, and much more.

Edit a Bet

DraftKings doesn't let you edit standard sports bets. However, if you're using the pool betting service (where you're betting against other users), it's possible to edit your picks right up until an event starts.

Payout Calculator

Novices that want to know what a winning bet will be worth can use the DraftKings payout calculator. This feature tells you what the returns will be based on your stake, the odds, and the type of bet you've made.

DraftKings Cash Out Option

DraftKings allows you to end bets early for a price. Basically, when you have an active bet, you can tap the cashout button to end it before its natural conclusion. The software will come up with a price based on your stake, the amount you stand to win, and the assuming chances of your wager winning given the current dynamics. You can either reject the offer and let the bet ride, or accept the offer and pocket the cash.

One-Touch Deposits

You can set a preferred payment method once you've made your first deposit. Setting a preferred payment method allows you to make quick deposits directly from the bet slip. This is a great feature if you're trying to lock in a bet before the odds change.

Lineup Optimizer

DraftKings DFS users can use a lineup tool to improve their NFL picks. These tools aren't guaranteed to select a winning lineup. However, they can uncover some hidden gems you might not have previously considered.

• iOS App Rating: 4.8 ⭐⭐⭐⭐⭐
• Android App Rating: 4.7 ⭐⭐⭐⭐⭐

The DraftKings Sportsbook mobile app is every bit as impressive as its desktop counterpart. Yes, there are a few shortcomings. For example, we'd like the welcome bonus to be a little better and more live streams would be nice. However, when it comes to stability, security, betting markets, and promotions, there are few operators that score as highly in the mobile market as DraftKings. That places their product among the best betting apps available on both Android and iOS.

 

How to Download the DraftKings iOS App

1. CLICK HERE to create a Draftkings account
2. Verify your account and go to the Apple App Store.
3. Search for DraftKings Sportsbook.
4. Download the DraftKings iOS app and enable the geolocation tracker. (You need to be 21+ and in a state where DraftKings Sportsbook is licensed)
5. Deposit and place a bet on any pre-game moneyline to qualify for your bonus in bet credits.

Download the Android DraftKings Betting App

1. CLICK HERE to create your first (and only) account.
2. Verify your DraftKings account and go to the Google Play Store.
3. Search for DraftKings Sportsbook.
4. Download the DraftKings Sportsbook Android app from the Google Play Store.
5. Enable the geolocation tracker. (You need to be 21+ and in a state where DraftKings Sportsbook is licensed)
6. Deposit and place a bet on any pre-game moneyline to qualify for your bonus in bet credits. (*The bonus is only available once and doesn't require a DraftKings sportsbook promo code).

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• Visa (credit and debit card)
• Mastercard (credit and debit card)
• Paypal
• Discover
• PayNearMe
• Play+ Prepaid Card
• VIP Preferred (eCheck)
• Bank Transfer
• In-Person Casino Cage Payments

The minimum deposit limit at DK Sportsbook is $5. That's lower than any other US betting site. That's a positive, as is the fact you can use a variety of secure payment methods, including deposit methods such as debit card, PayPal, and Play+.

In addition to having the lowest minimum deposit, DraftKings also has the lowest minimum withdrawal at $1. Requests are processed within 72 hours. That's OK, but, in our opinion, it could be a little quicker. Having said that, the in-person casino cage cashouts and PayPal withdrawals do allow you to receive your winnings within a day or so.

*DraftKings doesn't accept Bitcoin or other cryptocurrencies.

Place a Bet With Your Deposit Bonus

1. CLICK HERE to create an account and claim the new user sign-up bonus. Alternatively, log into your account and go to the promotions page to activate the latest reload bonus.
2. Once you've selected a deposit bonus, go to the cashier page.
3. Input an amount that's equal to or greater than the minimum deposit amount required for your bonus.
4. The bonus bet will be added to your real money balance instantly.
5. Go to the sportsbook and make a pick.
6. Finally, in the bet slip, select the bonus bet option to use your bonus. The bonus funds aren't returned but the profit is credited to your account in cash.

New users can qualify for a bonus in bonus bets once they deposit and wager on any pre-game moneyline. However, that's not the only deal in town. Everyone, regardless of their status, can get something extra. For example, there is a DraftKings deposit bonus for existing players via the loyalty scheme. This deal follows the same overall premise as the new user bonus. That means following the steps listed above to activate your offer.

 

DraftKings' security team gives itself 72 hours to process withdrawal requests. However, we've found that most requests are handled within 48 hours. Regardless, we'd like to see the timeframe capped at 24-48 hours to bring DraftKings in line with its peers. Other than this, there are just enough secure withdrawal methods to satisfy all users, and the minimum cashout of $1 is exceptional.

• Min. withdrawal: $1
• Withdrawal Limit: $100,000 (VIP Preferred and in-person)
• DraftKings Withdrawal Time: 1-10 days
• Best Withdrawal Methods: PayPal, Play+, Bank Transfer
• Withdrawal Fee: None from DraftKings, only from payment provider

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