DraftKings Promo Code: Bet $5, Get $300 + $50 Bonus Bet, & $1,000 Deposit Match

The latest DraftKings promo code is now available to claim. With it, users get a “bet $5, get $300” bonus, plus a $50 bonus bet with their first deposit, and a $1,000 deposit match at 20%. The overall worth of the DraftKings bonuses is $1,350 in sign-up bonuses!

DraftKings promo code for new users today

The DraftKings Sportsbook welcome bonus does not require a promo code to claim. You just need to sign up for a new account, deposit at least $5 and place your first bet for $5. Do that and you’ll have $300 in bonus bets added to your account. Plus, your initial deposit qualifies for the 20% match for up to $1,000.

DraftKings Promo CodeNo code, click to claim $300
Maximum Welcome Bonus$1,350
Deposit bonus$50 bonus bet with first deposit
First bet bonus$300 in bonus bets with first $5 cash bet (win or lose)
Deposit match bonus20% match up to $1,000
Bonus available inAZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NH, NJ, NY, NC, OH, OR, PA, TN, VT, VA, WV & WY
DraftKings Mobile AppiOS and Android
Minimum Deposit$5
Deposit OptionsCredit/debit cards, online banking, wire transfer, VIP Preferred eCheck, Venmo, PayPal, check
Offer expiresMay 31, 2025
Promo code valid as ofMay 29, 2025

What to know about the latest DraftKings sign-up bonus

Here is everything you need to know about the DraftKings promo code offer available in May 2025:

Exclusive Sign-Up Bonus$50 bonus bet with first deposit
Regular Sign-Up BonusBet $5, Get $300 in bonus bets
Additional BonusUp to $1,000 deposit match
Minimum Deposit$5
Minimum Wager$5 (to qualify for the bet and get bonus)
Eligible States (get $300 bonus win or lose)AZ, CO, CT, IN, MA, ME, NC, OH, PA, WY (18+), WV
Eligible States (must win to get $300 bonus)DC (18+), IA, IL, KS, KY (18+), LA, MD, MI, NJ, NY, TN, VA, VT
DraftKings Mobile AppAndroid & iOS
Offer ExpiresMay 31, 2025
Last VerifiedMay 29, 2025

How to claim the DraftKings promo

Claiming the DraftKings Sportsbook promo code offer is a cinch. That’s because you don’t even need a DraftKings promo code to be eligible. All that’s required is you being at least 21 years of age and being in a state where DraftKings Sportsbook is legal. As long as you meet those requirements, follow these steps to claim the DraftKings Sportsbook promo code sign-up offer in May 2025.

  1. Register here for a new DraftKings account.
  2. Entered the required information (name, date of birth, last four digits of your Social Security number, email, phone number).
  3. Make your first deposit for at least $5, this unlocks the $50 bonus bet. But if you want to take advantage of the first deposit match offer you’ll want to deposit as much as you’re comfortable with. A $5,000 deposit is required to unlock the full $1,000 deposit match offer at DraftKings.
  4. Make your first cash bet for $5+. Doing this gets you $300 in bonus bets, these come as twelve $25 bonus bets, and you get them regardless of the outcome of your qualifying bet.

That is all that is needed to claim the DraftKings promo code sign-up offer in 2025. Remember, this offer expires on Saturday, May 31, 2025.

DraftKings promo code terms and conditions

You do not need a DraftKings promo code to claim the $1,350 welcome bonus, but there are a few things you need to know about the sign-up offer. Here are the latest DraftKings Sportsbook terms and conditions:

  • Offer valid through May 31, 2025 at 11:59 p.m. ET
  • 20% deposit match bonus comes with a 25x playthrough requirement. And you have 90 days to unlock all available bonus cash. Any bonus cash not released during the 90-day window will be forfeited.
  • $50 bonus bet awarded after making your first bet for $5 or more.
  • $300 in bonus bets awarded after placing your first cash bet for $5 or more. You get the $300 in bonus bets regardless of the outcome of your qualifying bet. Those bonus bets come as twelve $25 bonus bets.
  • All DraftKings bonus bets expire seven days after being issued. The value of the bonus bet is not returned to you if your bet with it wins. Only the winnings come back.
  • The $1,000 deposit match offer is not available in Massachusetts.

LSR Tip: The DraftKings deposit match bonus comes with a 25x playthrough requirement. That requirement means you get $1 in bonus cash for every $25 played on any DraftKings product. This means you can release your bonus funds by betting at DraftKings Sportsbook, entering DFS contests at DraftKings Fantasy, or wagering at DraftKings Casino.

DraftKings new user promo vs. other sportsbook promos: Which is better?

When it comes to sports betting, the promo code offer can make a big difference in your overall experience. While many sportsbooks advertise enticing bonuses, the DraftKings promo code stands out as the best available for several key reasons.

DraftKings offers a generous welcome bonus maxing out at $1,350. The DraftKings promo code is designed to maximize your betting potential right from the start. Unlike some competitors that have complicated terms or smaller offers, DraftKings keeps it simple and rewarding. Whether you’re new to sports betting or a seasoned bettor, the combination of deposit matches, bonus bets, and ongoing promotions ensures you’re always getting excellent value.

Other sportsbooks may offer flashy promotions, but they often come with hidden strings, such as high rollover requirements or limited betting options. DraftKings not only provides a straightforward and user-friendly promo code offer, but its platform also boasts one of the widest selections of betting markets, live betting options, and competitive odds in the industry.

In comparison to other major sportsbooks, DraftKings consistently ranks at the top for customer satisfaction, accessibility, and promotional value. So if you’re looking for the best promo code to kickstart your sports betting journey, DraftKings is the clear winner.

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